PREDICTION MARKETS: A @WSJ investigation found Polymarket paid creators to film fake trades on dummy versions of its site and deployed a paid "social-media army" to push the videos to U.S. users. Polymarket has been U.S.-banned since 2022.
This is the latest in the rise of mainstream companies using clipping services to try and break through the social media clutter.
Polymarket has yet to make a comment on the investigation.
I personally suffered a significant loss with this one, hopefully the hacker which left several traces won't want to ruin his life with potential theft crime case and the funds with some sort of whitehat bounty will be returned
DeFi can do better
@DefiIgnas Define rebalance bands/ limits of an asset allocation relative to your portfolio e.g:
Max 10% per asset, if >10% sell to rebalance to 7.5%.
You can make it to buy too
Trust isn’t promised. It’s proven.
We just released a deep dive on zkTLS tech (@primus_labs, @zkPass, @reclaimprotocol, @OpacityNetwork) on how to build private, verifiable finance.
👇
https://t.co/TXWxpjRbyd
The beacon chain genesis happened four years ago on Dec 1, 2020. With a modest 0.5M ETH staked on day one, the parallel PoS chain provided zero immediate benefits to users. And yet the seed blossomed to become the strongest foundation blockchains have ever seen:
→ 10K consensus participants
→ $125B economic security
→ economic finality via L1 slashing
→ 51% attack recovery via L0 slashing
→ 100% uptime
No other PoW or PoS chain comes close—the gap is immense. This is the power of long-term thinking, of taking the long and hard road.
Looking ahead, there is a tremendous opportunity to cement Ethereum as the settlement layer for the internet of value. The beacon chain is far from perfect. There is a lot of work on a years-long upgrade journey.
We want improved censorship resistance and MEV handling. We want smaller staking deposits, better delegation, faster finality. We want smarter issuance. We want full chain validation accessible to smartwatches, we want post-quantum security. In parallel to the consensus layer (CL) we want full danksharding at the data layer (DL) and native rollups at the execution layer (EL).
I believe Ethereum can get it all. Many L1 improvements will ship incrementally every year for years to come. Some improvements like chain snarkification and post-quantum security will likely benefit from a holistic redesign.
To complement L1 health upgrades, L2s will provide amazing performance improvements in months not years. Fast UX? Study ping-latency preconfs. Low fees and unbounded throughput? Study horizontal scaling of execution and DA. Synchronous composability? Study shared sequencing and real-time proving.
The future of is bright. I invite you to get involved. Ethereum may just be humanity's most ambitious and exciting decentralised computing project.
i am continuing to raise funds for Gaza
you can donate below:
SOL: 6iohECyT5iKqa2YKwh6dXnhMQUwj1K38HQ44efutC7q6
ETH: 0x8F9aE9840a7E5982fC95442346819a47e490c752
for every 1 rt i will donate $10 up to $10K, please share!
While everyone's looking at France there's a Pavel Durov case going on right now in the U.S.
The U.S. v. STORM trial on December 4th will decide the fate of digital rights in the U.S. for a generation.
But we're going to lose if we don't fund it.
$2m is needed for legal defense now.
Donate below.
@rstormsf was arrested in his Seattle home by U.S. authorities - his crime? He published an open source tool called Tornado Cash to the internet that helps keep cryptocurrency private.
As with every encryption tool in history, a lot of good people used it for privacy - and some bad people used it. He now faces years of jail in the U.S. because some bad people used the code he wrote.
Are we going to ban every encryption tool that democratizes speech and power because bad people exist?
If this case is lost the answer tips toward yes.
I believe this is the 2020's version of the Phil Zimmerman trial of the 90s to get encryption off the munition list and make way for internet - last time the U.S. backed off and dropped the case due to public outcry - this time the we're dealing with a government that's more hostile and determined to prosecute away our digital rights.
If Roman loses and bad precedent is set...the decentralized parts of the crypto in the U.S. are dead - private digital cash is gone - more broadly, I'm not sure any developer is safe - if bad guys use your code to do bad things you might go to jail, like Roman...like Pavel.
Open source AI developers - you're next.
Free societies can find a balance between digital rights and security - but arbitrarily putting developers in jail for publishing encryption code and depriving citizens of all means to privacy neither increase our freedom nor our security.
Roman isn't some tech millionaire. He can't afford the insane legal bills required to win.
$2m is needed for the S-Tier legal team required to win this case.
We can't leave the fate of this case to a randomly assigned public attorney - that's what happens if the funds aren't raised.
His trial is December 4th 2024.
The funds are needed now.
Donate to Roman Storm Case
https://t.co/daHXl1G1pt
Read the case brief & budget
https://t.co/zvh1zlr1XQ
If you can't donate, like, RT, spread the message and share your support.