Overdue invoices trigger cascading liquidity crunches across obligation networks, like phantom traffic jams without accidents or bottlenecks. Nothing is broken. Timing alone creates the shock.
Clearing dissolves the jam by netting obligations across the payment graph before they propagate. @cyclesmoney is building this at internet scale.
guardian-cli - Version 2 - https://t.co/jWVWizxKPR
Guardian is a production-ready AI-powered penetration testing automation CLI tool that leverages Google Gemini and LangChain to orchestrate intelligent, step-by-step penetration testing workflows while maintaining ethical hacking standards.
CLAUDE CODE but for HACKING
its called shannon, you point it at website and it just... tries to break in... fully autonomous with no human needed
i pointed it at a test app and it stole the entire user database, created admin accounts, and bypassed login, all by itself, in 90 minutes
Fixed-rate/fixed-term debt dominates credit markets for good reason:
~30% productive borrowers need cost certainty to match variable production revenues/timelines.
~70% refinancing borrowers want to lock in low long-term costs & extend maturities.
To serve them, DeFi lending needs not just global orderbooks, but also bootstrapped liquidity and paths to onchain credit scores.
Forced account-location reveal outs the bots while doxing the anons. If X also kept bio-version history, it would verify my line when I signed up in 2007: โmachine readable artist.โ
this is disastrous that you needed to be terminally online and had less than 24h heads up to switch away from twitter showing your country to everyone.
awful rollout with no user choice or consent whatsoever. this was the exact case for a terms of service update email that would have allowed some time to delete if you disagreed with the new policy.
sad seeing people cheering on further erosion of pseudonymity. such a massive gift for oppressive regimes, im sure this will have chilling effects.
remember there were times when it was up to platforms to dismantle manipulation networks and proudly post about it. hasn't been a case since 2022.
The Chief Troll Officer is on active duty, weaponizing his own platform to misinform the public. New Yorkโs had enough. Another world is possible, make it happen!
Elon is truly the dumbest smart person ever:
-Your ID is not required because your information is checked against the voter role.
-Candidates appear on the ballot for each eligible party that endorses them. (For Mamdani this was Dems and WFP.)
-Cuomo is last in the bottom right because he made a brand new party to run as no one wanted to endorse him.
-None of this impacts voting. How stupid do you need to be to think someone would walk in to vote for Cuomo, but suddenly pick Mamdani because Cuomo was only on there once?
It shows how little Elon thinks about people that he thinks youโll be bamboozled by standard ballot measures.
Nonsense.
1. NYC doesn't have voter ID laws
2. In New York, the state, multiple parties can endorse the same candidate, so some can appear multiple times. Sliwa, the Republican, is also listed twice!
3. Eric Adams is on the ballot because he dropped out too late
4. Cuomo lost the primary, and ran as an indy, and ballots list major party candidates first
Maybe you don't like the rules. Fine. But posting this stuff on X with zero context makes people think there is fraud or cheating. These are just the rules being applied to candidates evenly.
Florence banned the use of Arabic numerals in account books for centuries
Even though Fibonnaci published his famous book on arithmetic with arabic numerals in 1202, the Medici Bank was bookkeeping in roman numerals right through the 1400s
Putting GDP onchain sounds innovative, until you realize the oracle is just one source: the government. The real leap is verifiable state data, where every expense, revenue, decision, and license is onchain (CA DMV car titles on @avax was a start). Only then does GDP become trustless. @el33th4xor
๐จ US Commerce Department Begins Distributing GDP Data on Open-Source Blockchains Including Bitcoin, Ethereum & Solana.
Initially targeting Nine Blockchains per Bloomberg Report
MV = PQ treats velocity as aggregate money flow, ignoring its network topology. Mapping the debt obligation graph and clearing debt cycles offers a new view of liquidity, where counting those clearings as repayment transactions raises measured velocity in QTM. @T_Fleischman@buchmanster
@informalinc@buchmanster@interchain_io Blockchains bring moneyโs function closer to coordination than ever. โCommunity computersโ are something Hayek and Polanyi might have found fascinating enough to rethink their theories. https://t.co/NbFYTYsz2G
I don't know what a "true L1" is. I do believe that the core function and purpose of Bitcoin and Ethereum is to secure the fundamental human right to transact digitally. But I've also been telling you all for like 10 years now that:
1. blockchain tech is a fundamental upgrade to the technology stack (BFT + verifiability!) and saying its "just a database" is dishonest and counter-productive
2. blockchains ("community computers") will dominate multi-stakeholder applications (which will obviously include lots of applications that YOU are not a major stakeholder of, or disapprove the politics of)
3. Circle etc. are building computers for their communities. It's hilarious that people are running around saying these communities shouldn't have computers, or should use different computers, or are "just" databases. they're not. they're more like a new kind of digitally native incorporation
4. There is a real problem of interoperability, and its politics. Sovereignty is a thing and interoperability between sovereigns is the very foundation of international finance. The USD plays an extremely unique role here in shaping the monetary environment of community computers.
5. BTC & ETH matter. Both as foundational technologies of international human rights, and as breakout community computers of deep international repute that are here to stay. They will remain political communities, believe it or not, but their longevity will derive from their neutrality and conservativsm.
6. The killer app of blockchains is money. BTC and ETH are not really money, but they're sitting at the table with the other monies, pounding their fists about something. Nobody really has a clue what money is, so confusion abounds. If we want to get the monetary revolution right, we should probably think harder about what money is.
7. The least I can tell you is that money is where the payments are, and stablecoins will bring crypto closer to money than it's ever been. Circle and Tether are major players in the UST repo market, really the beating heart of the US monetary system.
8. If we don't want this movement to end with upgrading the software of banks, we have to take the functions of banking more seriously, which aren't just about transferring assets but more fundamentally about clearing debts.
9. @cyclesmoney
More projects are moving beyond the app-chain model, aiming to become the "everything chain" (Robinhood, Stripe, Circle), as @hxrts explains. But at scale, they risk trading decentralization / resilience for performance (via congestion fees) and may end up sharding their own functions. Strategically, they'd be better off building on interoperable chain platforms @cosmos IBC or @avax ICM. @Nutymoon@luigidemeo
Probably time to move past the app chain/general purpose dichotomy.
Projects with sufficient leverage want to 1) own more of the value chain, 2) grow their addressable market.
This drives *both* vertical integration of core business functions and expansion into other verticals.
That said, congrats to @informalinc@buchmanster on the Malachite acquisition. With interoperability in their DNA through IBC @interchain_io, it might just find its way to Circle in time. https://t.co/xjyOquVde9
the reason Venice got all the hype and you only know about Genoa from salami is because the academics just wanted to travel to the pretty city of canals
but much more than the Venetians, the Genoese built the modern world.
The sheer intellectual collapse you have to experience to be faced with 122 international aid organisations telling you the same thing... ISRAEL IS STARVING GAZANS... only to decide they are ALL lying & that actually Benjamin Netanyahu, on trial for fraud, is telling the truth.