The 100+ Megathread tweet on @friendtech
1/n This weekend, I spent 15+ hrs on @friendtech - been so busy at @impossible_ today, I didn't have time to write this earlier, but there's so many magical things taht excite me, so here goes some late night 4am rambles
I'm both proud & disappointed to be working to bring the hackers of @CurveFinance and other protocols to justice. Proud bc I get to work alongside others like @zachxbt who care so much about protecting crypto. Disappointed bc another person is gonna go to jail bc of their greed.
@Natanael_L@SchalkDormehl@zooko@SCBuergel@koeppelmann Well that’s the key point isn’t it? The core motive must be HUGE if this exploit was only the distraction. The opportunity cost doesn’t seem to fit the plaintext result
@SCBuergel@koeppelmann Yeah. Why? 1: these attackers have surprising capabilities to control many twitter accounts — large and small — but lame monetization. 2: this lame monetization isn't the real goal. 3: the monetizing attackers are coattail-riders or defectors from the sophisticated attackers.
Open source hardware is the only way to ensure effective end to end encryption regardless of politics and authority.
Effective encryption is the only way to ensure trustless networks remain trustless.
Happy to see big tech moving in this direction :) https://t.co/Vcl84Wczlb
Locational arbitrage. Remote workforces mean there will be more liquidity on both the demand side (employers) and supply side (employees) - leading to more equal prices in salaries and cost of living in the long term. https://t.co/6RyTBmjGXn
While I think that these are just defi growing pains and that stress tests are a long term benefit, it is always good to be wary when people seem overly euphoric. You just might be who they'll liquidate next.
Over the past few months experts* were literally like:
"You guys should open a CDP to long ETH & DeFi" Moon 🚀
dump time: experts are gone.
& CDP's owners:
"HELP...wtf I can't close my CDP's, my DAI are locked into DeFi....150 gwei doesn't go through...I can't go to bed"
99 smartphones are transported in a handcart to generate virtual traffic jam in Google Maps. Through this activity, it is possible to turn a green street red which has an impact in the physical world by navigating cars on another route! #googlemapshacks https://t.co/3gixMxopE6
@toughbunny1 The hard problems with any of these use cases is a garbage in / garbage out problem, which no blockchain can solve. Maybe, maaaybe, IoT can help someday but not today.