Hello Community! There is 2 very important items, so please read the entire post!
First thing is first, SNF was removed entirely by @scrt_labs over the weekend from the @SecretNetwork account that we have managed, grown, and maintained for the community for 5+ years now in a hostile take over. Therefore this community account is being repurposed in order to keep the community informed while the status of the old account is in progress.
Please help share this with other stake holders you know in order to allow them to follow the account for important updates.
Next, please read the note from @lisaisloud regarding the path forward and follow it to the draft for feedback, this is a community decisiion and it will take the entire community coming together. Make your voice heard!๐
Note from @lisaisloud , exec director of SNF:
Secret Labs is stepping away from the L1. I'm not.
I've posted a draft proposal to continue Secret Network under community stewardship, same chain, staked SCRT included, remediation built in.
Link below. Here's the short version:
The chain continues. No migration, no snapshot, no Redeemer contract. Every holder stays on the same chain, including staked SCRT via Shade, which the Labs plan excludes.
Remediation for hack victims is built into the design as a committed allocation, not deferred to a future vote, not contingent on a feasibility study.
The cost: a dilution mint. The working example in the draft is 80%. That's what funds a real development team, validators, relayers, builders, and remediation. The final number gets set after this feedback round.
This is a draft for feedback, not a vote. I want to move quickly and keep momentum. Read it, and tell me what's wrong, what's missing, and what you'd change.
๐ https://t.co/bIaW1bVWNU
We need to rethink this mass surveillance system we are allowing to be built around us, and we need to buid the protocols that counteract the surveillance.
Support privacy builders and infrastructure!
We might think that we have nothing to hide.
But tomorrow we might have no WHERE to hide.
We need to rethink this mass surveillance system we're building.
I want to make something absolutely clear.
I stand with @lisaisloud.
Secret Labs made the decision to walk away from Secret Network. Instead of letting it fade away, Lisa and many others in the community stepped up to preserve the blockchain, continue its development, and fight for a future that includes making those affected by the hack whole.
For that, sheโs been met with threats and intimidation. That has no place in this industry.
Lisa, you are not standing alone. You have my full support. Publicly and privately. My voice is behind you. My resources are behind you. Your fight is my fight, and your problems are my problems.
If you believe Secret Network deserves a future driven by its community, follow @SCRT_Intern. This is the new community account supporting the effort to continue the existing Secret Network blockchain and ensure its future is decided by the people who believe in it.
Iโve always liked the phrase, โBig Bank Takes Little Bank.โ Itโs funny how some people think they have more resources and assume they can steamroll everyone else. Thatโs an assumption Iโd think twice about making.
History has a way of reminding people that conviction, unity, and persistence can outweigh assumptions about influence or resources.
Communities arenโt built through intimidation. Theyโre built by people who refuse to back down when it matters most.
Stand with @lisaisloud.
Follow @SCRT_Intern.
Stand with the community.
Letโs finish what we started.
Hello Community! There is 2 very important items, so please read the entire post!
First thing is first, SNF was removed entirely by @scrt_labs over the weekend from the @SecretNetwork account that we have managed, grown, and maintained for the community for 5+ years now in a hostile take over. Therefore this community account is being repurposed in order to keep the community informed while the status of the old account is in progress.
Please help share this with other stake holders you know in order to allow them to follow the account for important updates.
Next, please read the note from @lisaisloud regarding the path forward and follow it to the draft for feedback, this is a community decision and it will take the entire community coming together. Make your voice heard!๐
Note from @lisaisloud , exec director of SNF:
Secret Labs is stepping away from the L1. I'm not.
I've posted a draft proposal to continue Secret Network under community stewardship, same chain, staked SCRT included, remediation built in.
Link below. Here's the short version:
The chain continues. No migration, no snapshot, no Redeemer contract. Every holder stays on the same chain, including staked SCRT via Shade, which the Labs plan excludes.
Remediation for hack victims is built into the design as a committed allocation, not deferred to a future vote, not contingent on a feasibility study.
The cost: a dilution mint. The working example in the draft is 80%. That's what funds a real development team, validators, relayers, builders, and remediation. The final number gets set after this feedback round.
This is a draft for feedback, not a vote. I want to move quickly and keep momentum. Read it, and tell me what's wrong, what's missing, and what you'd change.
๐ https://t.co/bIaW1bVWNU
Note from @lisaisloud , exec director of SNF:
Secret Labs is stepping away from the L1. I'm not.
I've posted a draft proposal to continue Secret Network under community stewardship, same chain, staked SCRT included, remediation built in.
Link below. Here's the short version:
The chain continues. No migration, no snapshot, no Redeemer contract. Every holder stays on the same chain, including staked SCRT via Shade, which the Labs plan excludes.
Remediation for hack victims is built into the design as a committed allocation, not deferred to a future vote, not contingent on a feasibility study.
The cost: a dilution mint. The working example in the draft is 80%. That's what funds a real development team, validators, relayers, builders, and remediation. The final number gets set after this feedback round.
This is a draft for feedback, not a vote. I want to move quickly and keep momentum. Read it, and tell me what's wrong, what's missing, and what you'd change.
๐ https://t.co/bIaW1bVWNU
The quiet killer of dreams isnโt failure.
Itโs average.
Average effort.
Average routines.
Average people you surround yourself with.
One day you wake up and realize 5 years disappearedโฆ and youโre still in the same spot.
The scariest part?
Most will read this, nod, and do absolutely nothing.
Not you though, right?
Prove it. Reply with the one bold move youโre making in the next 24 hours.
Letโs see whoโs actually different.
Trust should be easy to verify.
Hang Yin believes confidential AI needs the same simplicity that made blockchain explorers intuitive. Users shouldn't have to decode complex security reports to know their AI is protected.
Better trust starts with better user experience.
Trust in AI goes beyond the prompt.
Hang Yin of @PhalaNetwork argues that securing AI means protecting the entire lifecycle, from training and deployment to inference.
The future of AI depends on trust that can be verified.
JJUST IN: Jeff Walton says the big story for Bitcoin is credit being built on top of it, not social energy.
Corporations are holding $BTC as capital and using credit instruments to buy, structurally plugging Bitcoin into the global financial system.
"Strategy purchased $10 BILLION. We purchased nearly $750 MILLION with credit instruments."