True Return Systems

Foundational Data Integrations

[True Return Systems @InventFi]

Forget the SEC. More Intellectual Honesty and Actual ‘Builds’ Are Needed in Crypto and DeFi…and the Mythologies of Intermediaries and Custodians https://t.co/xCs8N4Ls0c

[True Return Systems @InventFi]

https://t.co/vVvbbq3HYs

[True Return Systems @InventFi]

https://t.co/eobACoKmW7

[RYAN SΞAN ADAMS @RyanSAdams]

Crazy number of sim swaps happening in crypto again.

What's a sim swap?

An exploiter transfers your phone number to a phone they control gaining access to any account (e.g. social media, exchange accounts) secured by your phone number (e.g. 2 factor SMS, password recovery).

How do they do it?

They find your number somewhere, then social engineer their way into getting your mobile carrier to transfer the number to a different sim.

How do you protect yourself?

You can ask you carrier to add a PIN pw to further secure your account but this often fail through sloppy enforcement.

How do you actually protect yourself?

Use google auth rather than SMS 2 factor SMS on all accounts. Remove mobile password restore on all major accounts. Use a carrier like GoogleFI with Google Advanced Protection to require physical FIDO key for account changes.

Can carriers fix this?

Yes! Remove the social engineering security hole! All carriers should create an advanced protection setting that requires physical FIDO key authentication (or similar) for account changes. This risk will remain until they do.

[True Return Systems @InventFi]

...funny we always end up here. $CRV

[jseam @henlojseam]

The philosophical problem of rwa and onchain representation is best described by “this is not a pipe” artwork

At some point u need to trust some oracle which defeats the point of decentralization

Cryptography can deal with bits not rwa just yet, zk isn’t a solution atm either

[True Return Systems @InventFi]

@compoundfinance Please see the Court Order dated April 25, 2023 in True Return Systems, LLC v. Compound Protocol, No. 22-cv-08483 (S.D.N.Y. filed Oct. 5, 2022).

[True Return Systems @InventFi]

@ReggieMiddleton @MakerDAO TRS's request to have the misleading post removed - https://t.co/x19ZKPCNnc

[True Return Systems @InventFi]

Securities Regulation and the Theory of Relativity https://t.co/lQWjOjAYm9

[True Return Systems @InventFi]

@MattauQ True. And we don't think that DAO's (voting, profit expectation, financials, distributions) operations through a ledger make them legally indecipherable or immune. Lots of legal analogues, especially at @MakerDAO "real world" & @compoundfinance "treasury". https://t.co/4xBl6E2D68

[True Return Systems @InventFi]

@ReggieMiddleton @TheDanDraper1 @4rch02 @weatherbuzzword @GetITFromMike @WRBillingsley @uspto @JoeBiden @a16z @BainCapCrypto @coinbase @compoundfinance DAO capital investing in the @nytimes. If you can't be bothered with the names, why would you even look at the tech? @yaffebellany
https://t.co/KmxbyVL9pv

[True Return Systems @InventFi]

@edzitron Crypto-maximalists believe they're changing the world and more rapid code releases is better, and mainstream finance/media are missing the implications b/c devastating hacks are a weekly occurrence. #DeFi @Ronin_Network

[True Return Systems @InventFi]

@smdiehl @jimmy_wales @johnmcternan @ncweaver Yes, and if code is law, which code applies? Odds are a protocol is operating with the released and approved code. https://t.co/lIIzoEL5ix

[True Return Systems @InventFi]

@MattBinder in a sense they did reinvent cooperatives https://t.co/4xBl6E2D68

[True Return Systems @InventFi]

Code is Law, Pure DeFi, and measuring real-world time and events on blockchain's virtual machine. A short story where DeFi theory and Github collide.

[True Return Systems @InventFi]

@ReggieMiddleton looking forward to your analysis!

[True Return Systems @InventFi]

Patent protection will become increasingly important for DeFi projects as regulation advances. Regulation will increase costs and lengthen launch times from weeks to months or years. IP is becoming an organizational necessity to protect capital investment and user experience.

[Jones Day @JonesDay]

Read our Alert about the new executive order calling for a "whole of government" approach to studying the risks and potential benefits of digital assets. #cryptocurrency #crypto #digitalassets https://t.co/pn2KIAPRCA

[True Return Systems @InventFi]

@MakerDAO
RE: MakerDAO Use of U.S. Patent No. 10,025,797: Method and System for Separating Storage and Process of a Computerized Ledger for Improved Function https://t.co/02we68kvgC

[True Return Systems @InventFi]

@compoundfinance
RE: Compound Finance’s Use of U.S. Patent No. 10,025,797: Method and System for Separating Storage and Process of a Computerized Ledger for Improved
Function https://t.co/nfklOSlAab

[True Return Systems @InventFi]

NFTs & DeFi And Why It May Be In Nobody’s Interest to Clarify Rights and Entitlements https://t.co/smvHqdrrej