Impact Valor

I think I speak for everyone on CT when I say - "we will remember Q3 as the "Purge". #btc #bitcoin #crypto #thepurge

@PathOfMen_ The seed must die in order for the tree to grow. Some of the darkest moments of my life, true, evil, rock bottom, became the fertile soil for overcoming. There is NOTHING more powerful than a man who loses everything and builds himself back piece by piece.

Food often reveals the most about different cultures 😳👇

🚨 Israeli soldiers went to remove the Palestinian flag and stepped on a landmine, which then exploded.

@MustStopMurad Bro skipped 10x and went straight to imagination.

@jonburkeUK Biggest clown post of all time

The reason there will be no ‘fuel crisis’ in the Netherlands is that every town, city, & village in the land is connected by fully-segregated cycle lanes. It’s possible for the Dutch to simply stop driving while fuel is short and prices are high. That’s real energy resilience.

@StreetMoments_ 💀💀💀

@Intl_Relations0 Is the engine ok?

🔴 A 35-year-old man named Andrea Russo sneaked past security at Bergamo Airport in Italy. He ran straight into the engine of a Volotea plane that was about to take off for Spain. He died instantly. The plane was damaged, and the airport had to stop operations for a while.

@bleighky @mikemcg0 Good question 🌚😉

@mikemcg0 What's the total supply of Eth?

"I used to be a bitcoiner. The transition to a new store of value only happens once every 3,000 years. That's the main prize -- just focus on that. But [security] is the criteria that ultimately convinced me to flip from Bitcoin to ETH." "I have a higher degree of certainty that Ethereum will be around longer [than Bitcoin]. The reason for that is because Bitcoin relies on proof-of-work, which is less efficient than proof-of-stake and doesn't scale with the value of the network. And as the block subsidy of Bitcoin halves every four years, it is increasingly becoming more and more reliant on transaction fees to fund the security budget paid to miners." "If you look at [Bitcoin's] security budget right now, about 0.6% of revenue to miners is transaction fees... The problem with that is if Bitcoin becomes 'digital gold', flips gold, and becomes a $30 trillion asset, but it only costs $10-20 billion to attack it, that's too asymmetric." "You want the security budget to scale with the market cap, similar to how countries spend a % of their GDP on defense. The more valuable something is, the more you need to spend to protect it." "Ethereum, with the Merge, migrated to proof-of-stake, which is fundamentally more secure because it's less reliant on transaction fees and it scales with the value of the network. If 1/3rd of ETH is staked and then you need 1/3rd of those ETH to censor the network, you're looking at roughly 10% of the total market cap as the cost to attack the network." "So if Ethereum flips Bitcoin and gold and becomes a $30 trillion asset, it'll cost ~$3 trillion to attack the Ethereum network versus Bitcoin at like $10 billion." "The other aspect here is that as AI hyperscalers invest more and more in AI, proof-of-work becomes increasingly vulnerable because the cost to attack the Bitcoin network is starting to look close to the quarterly CapEx these hyperscalers are spending on their data centers." Full interview on @Bankless with @VivekVentures discussing the new @Etherealize_io "Productive Money" report below.

> be in crypto for 7 years > get in for the cypherpunk stuff > self-custody, no third party, "decentralization" > watch lazarus drain $290m from kelp > watch arbitrum move $71m of it out of the attacker's wallet > without his private key, without his signature > not a "freeze" > it was a transfer. from someone's wallet. that the owner didn't authorize. > start wondering what "decentralized" was actually supposed to mean

@jayroo69 devastating.

@cryptogonzo_ It’s simple, you don’t

@ChainLinkGod for the retards like me

Look guys, it's actually really straightforward, a bunch of people staked their ETH on the Ethereum blockchain to earn yield, except they didn't want their capital to be locked up, so they actually staked with a liquid staking protocol called Lido who provided them a liquid staking receipt token called stETH, except they decided to juice their yield further by depositing their stETH receipt tokens into a restaking protocol called Eigenlayer, except they didn't want to lock up their capital, so they actually restaked with a liquid restaking protocol called KelpDAO who provided them with a liquid restaking receipt token called rsETH, except they decided to juice their yield further by depositing their rsETH tokens into a lending protocol called Aave so that they could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero that was hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry

@DarwinAwards_ You literally have to do nothing wrong. You simply just have to be at the wrong place at the wrong time and get the result of someone else’s actions, you never know when your time will come. Enjoy life, you’re promised nothing.

@WojtekWarBear @narendramodi Yes, you know how it works bro!

@narendramodi Because the rivers in India aren't polluted enough, let's add nuclear waste.

Today, India takes a defining step in its civil nuclear journey, advancing the second stage of its nuclear programme. The indigenously designed and built Prototype Fast Breeder Reactor at Kalpakkam has attained criticality. This advanced reactor, capable of producing more fuel than it consumes, reflects the depth of our scientific capability and the strength of our engineering enterprise. It is a decisive step towards harnessing our vast thorium reserves in the third stage of the programme. A proud moment for India. Congratulations to our scientists and engineers.