Soo...
I'm beginning my defi journey
Gonna use this space to document my journey and talk about things I never really understood or knew.
Maybe, just maybe, I might stumble on something you never knew.
Wish me luck and stay tuned.
@0xfavvee Interesting being the key word,
Remember when on CT the rage then was reply your way to stardom, lol
Comment sections were filled with mindless, generic greetings and replies, it was exhausting ๐ญ
If you are building a new L1, you either need to build out the flagship application internally or work VERY closely with an application team to incubate it.
Solely relying on a large ecosystem fund or grants program does not work. Think about it.
Why would an aspiring founder take on smart contract risk and platform risk, on top of little to no liquidity? Especially if they have an amazing track record and reputation that precedes them.
The way to win is to provide application founders bespoke support, and demonstrate that you are genuinely invested in their success.
If not, there is literally no incentive not to go to a more established chain like Ethereum or Solana and build there. Better network effects, lindyness, liquidity, developer tooling, and a lengthy list of other benefits.
This is their lifeโs work you are talking about. The factory model of throwing money does not work.
@investingluc Some people value stability over spontaneity
Some people would rather live their lives in the boring, stable way and they are content
It's all about doing what works for you and enjoying it
GM Luc
0๏ธโฃ1๏ธโฃ ChainCircle by @winsznx ๐ฐ
@chaincircle_ lets people create cross-chain savings circles where anyone can save together without bridging or switching networks.
๐ https://t.co/xCIcCtEct2
@stacy_muur I always believe it's better to incentivise a community for interacting with the product no matter how little, makes them accustomed to it, easier for them to stick to your product too
The pros are too beneficial
@OxTochi Airdrops have fallen out of fashion
It's just FOMO that's making people still engage,
Majority of users get peanuts, but still do it regardless.
So, these threat actors successfully phished an author of multiple open source NPM packages with a total of 2 billion weekly downloads โ including debug, chalk, and ansi-styles.
Since most companies run at least one React or Angular app, they had the opportunity to execute code on millions of systems across thousands of orgs.
And they used it to drop an amateurishly obfuscated crypto stealer, got caught by basic detection rules, and the issue was remediated after 2 hours.
I hope everyone understands how close this was โ and can imagine what wouldโve happened if someone with real skills had done it.
#NPM #Compromise #SupplyChain
Builders who invent solutions to problems that donโt even exist yet are basically the ones creating the problem in the first place. They acknowledge it into existence.