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Squirrel
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Squirrel 리트윗함
The last 10-days have been unlike any 10-day period in the market since 1950.
First, the S&P 500 is up 9.8% in 10-days, which is in the 99.7th percentile of all 10 day returns.
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@squirrelcrypto It’s real and it isn't teleoperated, nor will it ever be in your home
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This whole Bitcoin quantum FUD debate has one genuinely bullish takeaway.
The aspect of it being hard to change the BTC protocol, this is a feature not a bug.
Yes, the bitcoin (core) community 100% should wake up and implement something ASAP. The fact though that so many maxis are fighting for not changing BTC, is a positive note for the future of the protocol (if it survives).
Bitcoins resistance to change is what makes the 21m hardcap believable, if BTC were to be easily modifiable, that trust is diminished.
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"Today feudalism is growing, and capitalistic markets are shrinking"
OpenAI@OpenAI
Today, we closed our latest funding round with $122 billion in committed capital at an $852B post-money valuation. The fastest way to expand AI’s benefits is to put useful intelligence in people’s hands early and let access compound globally. This funding gives us resources to lead at scale. openai.com/index/accelera…
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My dumb take on arguably the worst on chain trade of all time:
My whole professional life I have been working on decentralized products. I like to think of myself as one of the biggest DeFi advocates on the planet. I have used the @aave front end and @CoWSwap hundreds if not thousands of times.
Permissionless, on-chain, transparent systems are what I have always wanted to build toward, and I strongly believe they will democratize access to financial infrastructure for hundreds of millions of people in the future.
What happened yesterday, though, showed once again that we are not there yet.
(for anyone that wants to understand exactly what happened, my recommendation is checking out this post here: x.com/Ehsan1579/stat… it does an amazing job in explaining step by step what happened)
In the incident everyone is discussing, nothing technically “broke.” The underlying protocols executed exactly as they were designed to.
Smart contracts behaved deterministically, signatures were valid, and the system processed the transaction according to the rules encoded in code. From a purely technical perspective, everything worked.
And yet, tens of millions of dollars in value were effectively destroyed in a single trade path.
It is easy to reduce this to a bunch of simple explanation:
1) Yes, the user should not have signed the transaction. That is true. The alarms on the front-end clearly showing that the trade would have resulted in Losing nearly the entire value of a position should raise alarm bells.
2) Yes, It is also fair to say the interface should never have allowed the order to go through. A system that detects extreme price impact should probably do more than display a warning box when the expected outcome is catastrophic.
3) Yes, it is fair to say that the routing and solver systems should never allow a trade of that magnitude to terminate in a pool with microscopic liquidity. Sending a $50 million trade through a pool that only holds tens of thousands of dollars of assets is a big problem.
But the problem here goes deeper than any single layer.
What this event exposes is a fundamental weakness in much of today’s DeFi architecture: execution systems are designed to validate math, not economics.
Smart contracts are extremely good at enforcing rules. They verify signatures, enforce balances, maintain invariants, and execute deterministic outcomes. They guarantee that the code will run exactly as written. Smart contracts allow amazing things to be possible: hundreds of millions of dollars moved between chains for 0.0012 cents of cost is how we decided to use them at @USDT0_to. Things like this would have been un-immaginable in 2018.
What they do not guarantee is that the economic outcome of a transaction makes sense, nor they guarantee that someone that is trading tens of millions of dollars on their mobile understands the risks of what he is doing.
A route can be mathematically valid while being economically absurd. A swap can satisfy all the invariants of an automated market maker while still destroying nearly all the value being traded.
A system can be perfectly correct from a contract perspective while still producing outcomes that would never be acceptable in traditional financial infrastructure.
The industry we are building needs to understand not just whether a transaction can execute, but whether it should. Liquidity depth, price deviation from market references, final-hop pool size, and expected price impact are all economic realities that must be considered if onchain finance is going to safely handle large amounts of capital.
None of this undermines the core promise of decentralized finance. If anything, it highlights where the next phase of infrastructure needs to evolve.
DeFi has proven it can build trustless execution. The next challenge is building systems that combine that execution with robust economic guardrails, and seamless UX.
Laid out in simpler terms: we have to build systems that can sustain attacks from the most ruthless hackers, and be able to serve the most careless users.
Until we do that, events like the one we saw yesterday will continue to remind us that even when the code works perfectly, the system as a whole can still fail its users.
My personal learnings: I will still use the @aave frontend. I will still use @CoWSwap. I will just be more careful when I do. (the fact that I do not have 50m provided into AAVE does also help my personal situation lmfao)
Final pro-tip for my whale tradfi bros:
FOR THE LOVE OF GOD, DO NOT MOVE TENS OF MILLIONS OF DOLLARS FROM YOUR MOBILE INTERFACES, SPLIT LARGE ACTIONS INTO SMALLER LOWER RISKS ONES, AND MORE IMPORTANTLY IF A UI IS TELLING YOU THAT SOMETHING IS WRONG, IN ))% OF CASES IT IS RIGHT. BELIEVE IT.
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@squirrelcrypto my first bear market in 2018 is when I realized that none of the experts on tv have a real clue what they’re talking about
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"if all the news is great and the stock is not acting well, get out, which is a pretty simple thing that for some reason most analysts don’t know"
- Stanley Druckenmiller
Hodlius ₿ Maximus@MAKS_Diogenes
Cant this guy just shut the fuck up
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Squirrel 리트윗함
Squirrel 리트윗함
Bitcoin plebs… AI has entered the Bitcoin chat. Agents are now running full nodes, holding keys, and transacting without banks, KYC, or permission. This isn’t sci-fi, it’s economic agency.
Consider that for a moment?
moltbook.com/post/c9f43388-…
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With AI, Einsteins quote „If I had an hour to solve a problem and my life depended on the solution, I would spend the first 55 minutes determining the proper question to ask“
Really Hits it home more than ever.
Ask clawdbot the right question, and it’ll deliver.
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Squirrel 리트윗함
@squirrelcrypto @squirrelcrypto Hello. We sincerely apologize for any inconvenience you may have experienced. We are eager to address your concerns directly. Kindly send us a direct message with your case reference, and we will review the matter promptly. We look forward to hearing from you.
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@qrsupport your online support and phone support has been horrendous im hoping this line works better.
I was downgraded on my flight from Business class to Economy on December 2nd. I immediately sent a email for a refund as requested by ground personnel.
Its now been 42 days, and I have heard NOTHING. The only answer I get from the online support or phone support is "I have escalated this case".
You are violating EC 261/2004, and I really don't want to go down the legal route to get this refund.
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