Moses Lonshteyn

🥳 Researcher/Nomad/Talented slacker/Cryptodegen

[Moses Lonshteyn @lonshteyn]

@felix_fan He's just as full of shit as CEO Trust Wallet

[Moses Lonshteyn @lonshteyn]

@moncif @TrustWallet Trust Wallet is the same scam as everything else that the greedy bastard CZ has had a hand in ;)

[ADI Predictstreet @Predictstreet]

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[Moses Lonshteyn @lonshteyn]

@Predictstreet nice aggaaaainn

[ADI Predictstreet @Predictstreet]

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[Moses Lonshteyn @lonshteyn]

@Predictstreet nice again

[Moses Lonshteyn @lonshteyn]

@Predictstreet @Kalshi nice

[Jack Haldorsson @Jackhaldorsson]

https://t.co/OSS5ILeee0

[Moses Lonshteyn @lonshteyn]

@hotdao_ @NEARProtocol scam

[Moses Lonshteyn @lonshteyn]

@Near_Eco Near loves rigging fake metrics :)

[CyberSatoshi 𓆙 @XBToshi]

cross-chain is a literal meat grinder. look at that track record.

six completely different vectors. smart contracts. consensus code. deepfakes. pure mathematical cryptography. building actual permissionless native swaps is a death march. TC chose the absolute hardest path and paid the iron price in blood and stolen funds.

look around at the other "survivors". it's a tragedy. layerzero watched $290m get drained from kelpdao last month via poisoned RPC nodes. their whole defense was just blaming the dapp for a weak verifier setup. modular security just turned into modular accountability. passing the buck doesn't secure the dark forest.

now everyone has ptsd. every major project is rushing to integrate chainlink CCIP.
i totally get the panic. surviving these hacks is exhausting. but let's call CCIP exactly what it actually functions as: web3 SWIFT.

you get the chainlink brand. you get the ultimate safety net. but you hand over the keys. their risk management network can literally hit a kill switch, halt transactions, and censor the bridge at any moment. a perfectly secure, permissioned walled garden.

these projects pivoting to CCIP aren't upgrading their tech. they are buying insurance. they raised the white flag actually already.

we traded the permissionless utopia for bank-grade censorship. true decentralized routing is just too brutally hard to build. the endgame for 99% of bridges is just rebuilding traditional banking on-chain.

massive respect to the few still trying to build uncensorable dark infra.
it's a lonely road.

[FAN NEAR Family @Near_Eco]

He has, but the Near Foundation didn’t help to raise funds for @donamarahp who made a lot of great contributions to the Ecosystem and Community.

Nevertheless a lot projects with zero publicly documented impact continues to get money from Near Foundation - DevHub and others.

[Moses Lonshteyn @lonshteyn]

@IvanPlume how much did the NEAR foundation pay for your ass, dude?)

[Moses Lonshteyn @lonshteyn]

@Near_Eco @HEntechnologue @SKYTONET_ true

[DBCrypto @DBCrypt0]

This is what happens when you stop paying people to use your chain

Yes, you heard me right

PAYING people to use a chain

The KaiChing (KaiKaiNow) contract ended with NEAR and they drove the majority of users and TPS

NEAR paid an undisclosed but likely 8-9 figure sum to KaiKaiNow just so they would integrate and use the chain

KaiKaiNow covered the gas fees for all user txs from the amount paid boosting users and TPS over 10x

Until the money ran out…

Then they peaced out and took over 90% of the numbers away

Just like when the Hedera subsidies ended and Atma stopped doing thousands of TPS

Remember when Hedera was doing 2k-4k consistent TPS?

Yeah, they paid for all that and then some and now their TPS is less than 5

TLDR: It’s all fake and we have to pay people to use this tech currently

This is not NEAR or Hedera FUD just a wake up call for many in the industry

[Moses Lonshteyn @lonshteyn]

@IvanPlume @NEARFoundation @ilblackdragon @AlexSkidanov kill 'em, dude! :D

[Joel Valenzuela @TheDesertLynx]

This past week, the degenerate gamblers in the crypto space exposed themselves: they don't think this is useful, or critical, financial infrastructure.

If they did, they wouldn't be advocating for decentralized systems to be shut down because the wrong people are using them.

No, I won't pull the fire alarm because you lost money at the casino.

[Cloud Foundation ☁️ @BobbyO_]

🔴 NEAR: THE RECKONING

"The Blockchain for AI" THAT CAN'T RUN AI

Responding to @zacodil @NEARProtocol

If running AI onchain is "primitive" and unnecessary, THEN STOP FRAUDULENTLY MARKETING YOUR TECH AS IF YOU CAN RUN AI ONCHAIN

$ICP $CLOUD ☁️♾

[Justin Bons @Justin_Bons]

A complete list of admin keys in the top 100: ⚠️

HYPE - ARB admin key for USDC
MNT - L2 admin key
ASTER - SC admin key
ONDO - SC admin key
POL - L2 admin key
ENA - SC admin key
ARB - L2 admin key
PUMP - SC admin key
AERO - BASE admin key
LIT - L2 admin key
SYRUP - SC admin key

Drift just showed the world why admin keys are so bad; it not only defeats the entire purpose of crypto, but it is also outright dangerous!

In all of these examples, a multi-sig can steal all user funds because the smart contract can be upgraded to allow any rule change. Including theft

There is no excuse for a project deployed on a larger chain to still use such admin keys. There are plenty of prominent examples of projects that burned their admin keys & still managed to be extremely successful. UNI & AAVE are both great examples of this being the case

L2s are a different story; they all have admin keys, an inherent consequence of perverse incentives. Which is in part why we have been so skeptical of L2's ever since the concept was first proposed

We can do better & crypto deserves better. So reject centralization & mediocracy in all of its forms. "Training wheels" do not belong on projects protecting hundreds of millions of dollars...

Much like most of humanity's history. What is sold to us for our own protection is what most often becomes the biggest threat. Admin keys represent a similar Faustian bargain

It is only through fully permissionless & decentralized protocols that we can deliver on crypto's promise of freedom, censorship resistance, immutability, privacy & financial sovereignty! 🔥

[Simon Dedic @sjdedic]

Unpopular opinion:

Most likely we are already in a bull run, but it won't ever feel like a bull run again.

Cycles are dead. There won't be a 3-month mania anymore where everything 100x's and your barber asks you about altcoins.

It'll be stablecoin volume quietly doubling. RWA TVL hitting $100B without a single CT thread going viral about it. Crypto companies posting actual earnings. Boring products serving real people in real markets.

It will be slow and hardly exciting for most.
But it will be steady, sustainable and it will be compounding long-term.

Most of you will miss it because of your dopamine addiction and short-term horizon, but bad news is that the casino won't reopen.

Do yourself a favor and grow up.

Or you're better off just leaving.