I can't believe I'm writing this.
I always suspected Cardano may be a scam, but I did not realize it was this big.
Charles sold over 1.5 billion ADA tokens between $1 and $3 in the 2021 run. Then also paid $200M in ADA to Gavin.
He literally dumped billions on his community. He may have dumped more billions still since. Crazy.
Check the last post in this thread too.
The 4 year Bitcoin cycle doesn't exist.
And at the moment, neither does the Business cycle correlation.
Everyone who is following the 4 year cycle is saying "this is just 4 year cycle bro you are coping"...
But its not.
Bitcoin has never been in an isolated bear market like this against everything else.
Every single Bitcoin bear 4 year cycle has happened with:
- Equities dropping
- Global liquidity index dropping
- Business cycle contracting
But right now we have:
- Equities screaming ATHs
- Global liquidity index ATHs
- Business cycle expanding
Which is the environment in which every single bull cycle has happened.
But now, everything is the total opposite.
This is not the 4 year cycle.
This is not the business cycle.
This is a totally new paradigm for Bitcoin in which it is not following anything.
You have to understand the 4 year cycle has been driven by macro...
But now, Bitcoin isn't listening to macro?
So what is it?
This is not blaming manipulation...
This is highlighting an incredibly large shift that is a total first for this market and it has massive implications.
If you blindly believe in the 4 year cycle, what makes you think it will just play out when everything else has changed?
Something bigger is happening here.
At 10/10 Bitcoin broke from everything...
And fuck knows what happened...
And that is just a fact you can see clearly on this chart.
BREAKING:
Keir Starmer says he won’t remove the exemption which allows Sikhs to carry large ceremonial knives on them.
Meanwhile, English women are being prosecuted for carrying regular pepper spray on them when out on the streets at night
Što ako su porezi, dug i državna potrošnja objašnjeni obrnutim redoslijedom?
Warren Mosler u SLOBODNI objašnjava Modernu monetarnu teoriju: država prvo mora potrošiti novac da bi ga privatni sektor mogao platiti kroz poreze.
Cijela epizoda https://t.co/O2LoX0B7jN
@wbmosler
🇵🇭 Police in the Philippines rode a city bus through a dedicated lane, watched as cars and motorcycles illegally tailed it to skip traffic, then stepped off at the end and ticketed every single one.
They didn't even stand a chance ☠️😂
If you didn't have enough with the @chainlink x @The_DTCC news, I have more for you:
Head of innovation of SWIFT Nick Kerigan talks about the SWIFT blockchain based ledger which will go live this year and if you listen closely enough you might hear which project they are using for orchestration and interoperability.
Today we announced progress toward our goal of advancing 24/7 collateral mobility. DTCC’s Collateral AppChain, a shared infrastructure platform for collateral, will leverage the Chainlink Runtime Environment (CRE) and @chainlink data standard to enable near real-time collateral management across financial markets and blockchains.
The integration will enable the seamless pairing of asset prices, valuations, and movement, with the aim of overhauling how market risk is managed globally and unlock greater capital efficiency.
This milestone reflects our broader vision to enable 24/7, near real-time collateral management across the global financial system.
Read the full announcement: https://t.co/ELVio44scA
NEW: @The_DTCC is integrating Chainlink data and orchestration standards into the DTCC’s Collateral AppChain.
DTCC and Chainlink are advancing 24/7, near-real-time collateral workflows across global markets and blockchains.
In 458 BC, Rome was on the brink of collapse.
An invading army had trapped the Roman consul and his legion in a mountain pass. Panic spread through the city. The Senate did the only thing they could think of:
They sent messengers to find a 60-year-old farmer plowing his field.
His name was Lucius Quinctius Cincinnatus. He had once been a senator, then lost his fortune paying his son's bail. Now he worked his own four-acre plot just to feed his family.
When the Senate's envoys arrived, they found him sweating behind a plow. They asked him to put on his toga so they could deliver an official message.
The message: Rome was making him dictator. Absolute power. Total command of the army. No checks. No oversight. No term limit.
He accepted.
Within 16 days, Cincinnatus had raised an army, marched out, surrounded the enemy, and forced their surrender. The republic was saved.
He had legal authority to rule for six months. He could have stayed. He could have expanded his power. He could have done what every other ruler in human history did when handed unlimited control.
Instead, he resigned on day 16.
He took off the toga, walked back to his farm, and finished plowing the field he'd left half-done.
Twenty years later, when Rome faced another crisis, they called him back. He was 80 years old. He took command, crushed the conspiracy, and resigned again, this time after just 21 days.
He died poor. On his farm.
2,200 years later, when George Washington was offered a kingship after winning the American Revolution, he refused and went home to Mount Vernon. The reason he was hailed as "the American Cincinnatus" is because Europeans literally could not believe a man who had won would willingly give up power.
King George III, on hearing Washington would resign rather than rule, said: "If he does that, he will be the greatest man in the world."
The lesson isn't that Cincinnatus was humble.
The lesson is that for most of human history, the people most qualified to lead were the ones who didn't want to. And the moment a society starts rewarding those who chase power instead of those who flee from it is the moment the republic begins to die.
Cincinnati, Ohio is named after him.
Most people who live there have no idea why.
Heeaaaaaaaaated debate broke out in the ETHSecurity Community Telegram earlier today between LayerZero’s Bryan and security researchers.
TLDR summary:
- $3 billion+ of LZ OFTs were recently at risk of being compromised due to a default library contract that LZ Labs could upgrade instantly with no timelock to forge messages (like what happened with rsETH hack)
-According to Banteg, major projects like Ethena and EtherFi were STILL using this default library contract as of a few weeks ago
- There is still $178 million in value exposed to being compromised from projects using default library (look at quote tweet)
- LZ Labs doesn’t need to be malicious for this be risk, they have history of poor opsec (in addition to being hacked by North Korea):
- Onchain data shows LZ Labs multisig signers were engaging in non-multisig signing activity like trading memecoins, swapping on DEX, bridging. All major phishing risks as this mean production multisig keys were connected to websites, not just used for signing
- LZ Labs handled private keys like a high schooler, trading memecoins on production multisig keys, no wonder they got targeted by North Korea, who knows what other poor opsec they have?
THREAD BELOW
Ko zna hoćemo li imati priliku ponovo fotografisati stolice pored željezarskih dimnjaka iz kojih izlazi dim, ali ono što je sigurno je da crnu Lupina stolicu, koja je nekada krasila i enterijere zeničkog giganta, moguće nabaviti u našoj radionici 🖤
DCF Capital has donated $100k in ETH to defiunited
We sent 41.2 ETH directly to the donation address and spent 2 ETH buying that random memecoin (stopped when we found out it was some bundled situation)
We're users of every impacted protocol here - Aave, kelp, layerzero, lido, etherfi, ethena etc. and are losing money in every direction as we're also large loopers on lending markets for various assets
Defi is what gets us excited about ethereum and coming together to save our star children is what this is all about
lets fill some holes ❤
NEW: The Chainlink data standard is now live on @amazon’s AWS Marketplace.
Now, millions of @awscloud developers & hundreds of thousands of businesses have access to the secure data infrastructure required to build institutional-grade blockchain apps.
I am committing 500 ETH to the Defi united recovery fund. This represents a large part of my crypto holdings, but there are things that are more important than money - Like Stani, I have been working on Aave since the beginning and the only thing I care about is to see it succeed. There are no defeats in life, only lessons. We will be coming back stronger.
Aave will win.