James Pound

@tanuki42_ @sh1lverbox @CBarraford False.

@sh1lverbox @CBarraford No, he explicitly talks about bad actors shifting stolen funds to XMR using THORChain. He says that XMR is different from other chains because there is a use case for XMR (money laundering) that isn't just you wanting to invest in the XMR token.

Co-founder of THORChain, Chad Barraford (@CBarraford), saying yield on XMR will be "absurdly high" because bad actors will want "funnel large sums of money" to XMR and back again. Is he reading the pitch deck or the indictment? Hard to tell.

@tanuki42_ @CBarraford Get a grip and stop making up things - he's never said that

What the actual fuck is even happening to our industry. Satoshi is probably rolling in his grave. Thorchain is doing everything right, and all these web3 toddlers are upset because they clearly don't even understand the first thing about crypto, and just think this is a space to make quick unregulated buck. Web3 is not just about making money, it's about a core philosophy and belief that in the digital era, TRUE ownership should be possible. That's it. Full stop. It started as something sorta cyberpunk, but as our world as evolved into the online one it is today, this is now something i believe everyone should have access too. But no one seems to appreciate what risks that freedom comes with. By all means, do keep your money in a bank, or invested in stocks, if you enjoy the projection that bring you. But do not expect it in web3. You should not be here because "it's like stocks, but with more potential upside" or you WILL get burned 99/100 times. But for me, the mere concept that anyone in this space would ever expect any funds to be frozen, or help to rendered in general, in the case of a scam or exploit is still absolutely mind boggling to me. It's nice when it happens; it can build trust and save projects. But it inherently should not be expected in this space, it's a built-in, omnipotent risk that everyone should account for at all times. It's just that it's a risk we take because we value the benefits of web3 even more. ------- So, about the recent KelpDAO and LayerZero exploit. You know who's "at fault" for the recent KelpDAO exploit? 1. KelpDAO for failing to enhance their LZ setup, and even further, to completely rely on a third party tool like LZ without deeply, intimately understanding it; the least i'd expect for a project handling 100s of millions of dollars.* 2. LayerZero for allowing so many teams to use their setup in the 1:1 config, and to be honest, for having the exploit in that 1:1 DVN config at all.* 3. And finally, in a weird but very real way, as rough as it sounds. It's on everyone that put money into KelpDAO, trusting a less than 5 year old protocol with hundreds of millions of dollars, without inspecting the code themselves.** This is web3, and there are inherent risks that people should understand. Hackers wouldn't have the incentive they do for these thefts if people weren't so willing to ape their funds into every new "opportunity" that emerges with limited due diligence, or if teams put more into security then they do chasing TVL. *No, i am genuinely not trying to bash either team here, we're going to see a lot more exploits like this soon from teams far more seasoned than them, (and not just in web3, i.e. mythos style threats.) Im just saying that objectively, some blame obviously lies there. **No, im not saying i inspect the source code of every dApp i put money into. Not at all. But what i am saying is that i put money in there fully understanding that i didn't inspect it, that it's not FDIC insured or similar, and that any loss incurred is on me. Again, this is the true wild west of the internet and of finance, it's not your easy ticket to a lambo. ------- MEANWHILE There sits Thorchain, following the core philosophy and ethos of web3, just providing the service it promised, no questions asked, full stop. And yet, it's somehow getting hate for it? In the attached image, one commenter says "you see stolen funds getting laundered on your platform and you do nothing." And it truly makes me wonder if he's just like "professor" Jiang that wants to know where the bitcoin servers are. Just because there's a @THORChain twitter account that someone owns, does NOT mean that anyone "owns" ThorCHAIN the blockchain. It's no one persons platform. If you don't think it should be a completely open DeFi exchange with no restrictions, then go buy a fuck load of $RUNE and start talking to some validators, and make it that way through governance. But since that won't be happening, id instead urge you and everyone like these two in the image to take a step back and reconsider what you're actually even asking for here. Even if you did control Thorchain, do you think it would continue to exist if you turned it into a centralized, censorable version of it's current self? Absolutely not, because then it's little different from a CEX. Decentralization is not all upside, and if you were every told that, im sorry you were mislead. It's far from the greatest thing since sliced bread. Decentralization has MASSIVE drawbacks compared to centralized systems in many ways; but we value it for the specific ways in which it provides a better alternative. Hating on Thorchain for operating as designed is just absurd. If not from everything i've listed here, then just for that simple fact. ------ Bottom line, Thorchain was built to do exactly this; let anyone in the world swap any amount of crypto between wallets and chains whenever they want. If you don't like that fact, that's perfectly fine, i certainly wouldn't ever judge you for it, but, it probably means you need to reevaluate if you should even be involved in crypto at all.

@PrivacyGod Probably the worst account on CT - destroying the crypto vibe from within with a claque of 'virtue signalling' bros following her

Those people want Thorchain to disappear because it won't comply with *check notes* X loudest account.

@monerify @SeraiDEX The system has detected the double spend and paused - even if somebody takes control of the hashate of XMR, the protocol is no longer 'permissionless'

@JamesPound_ @SeraiDEX a truly decentralized service can't 'censor' transactions

JUST IN unstoppable protocol thorchain pauses LTC swaps due to the recent double spend attack oh but when it comes to helping the north koreans launder money it's a permissionless protocol lmaooo

@Shft_Ctrl @THORChain It's probably more important to increase the decentralisation raising nodes count plus give them the possibility to opt out for a certain chain (especially with XMR coming)

The current events are precisely why @THORChain should (in a symbolic way) come out publicly with statements & put up stopping illicit flow to a node vote It’s just lip service & even more/good PR As I’ve said previously tc nodes should process the illicit flows, moreover jack up fees on illicit flow Lets rape the bad actors, get that paper & do lip service against illicit flow & get some good PR Some might ask why? Because fuck em, that’s why $RUNE

@tayvano_ @mperklin @EbullitionX @jpthor Get a grip and try to be more convincing - with technical people you need facts and proof, yelling won't help. Oh...but wait, yes you just provided the MR saying the admin mimir was deprecated. Thanks, topic closed.

@JamesPound_ @mperklin @EbullitionX @jpthor I do. And I read the code more than any of you retards. I suggest you do the same.

That’s not how thorchain works sorry Stani. If you want to interrupt the protocol’s functions you should run a node first, contribute to the community and raise an ADR. You can then campaign for that ADR to pass which requires 67/100 nodes to vote yes.

@tayvano_ @mperklin @EbullitionX @jpthor Do you know what a Mimir is, at least, and what being deprecated means?

@JamesPound_ @mperklin @EbullitionX @jpthor The keys were ripped out. Not the functionality. Cry harder about your cult leaders who lied to you and fucked you.

@tayvano_ @mperklin @EbullitionX @jpthor You are literally posting a PR to remove them that was reviewed and merged lol

@mperklin @EbullitionX @jpthor gitlab.com/thorchain/thor…

Young European men long to explore the world instead of sitting in a tiny cubicle in a small office... You need to adventuremaxx with your friends: - Go and sailing - climb a mountain - explore a foreign country - rent a Van and do a roadtrip - learn surfing in El Salvador

@JohnnyDuerden They already got their quota filed with Iraq winning the playoff

@JamesPound_ Iran's spot is part of Asia's allocation. If they don't play, Asia is short a team.

Would be outrageous if Italy go instead of Iran. If Iran decide not to go, then that spot belongs to Asia.

@Real___IT @BosniaNTBall Plus the referee robbing Italy not sending off a Bosnian player in the extra time and not awarding Italy with a clear penalty for handball afterwards. Get a grip @BosniaNTBall

@BosniaNTBall Talking about fairness

This is just not right for so many reasons……

@kevinhatchard Ranking

Difficult to justify including Italy and not any of the other European nations that lost playoff finals, but above all, surely it should be an Asian team if Iran don’t play? (That’s before you even get to the fact that Trump shouldn’t have any input)

@AMoneroHodler @PerpetualCow Why has he not decentralised the bridge like he had announced then? It's been a few months but the bridge is still completely centralised. He would do better shutting it down for good, the trust of the XMR community is lost now and nobody will use it in the future

Whether @PerpetualCow is "brainwashed" or not, there are real world repercussions from an entity with a lot of power and ability to exert violence anywhere on the planet. From my understanding Cow is very wealthy and successful, and unlike edgy anon nobodies on twitter doesn't want to replace his position in society from that to a jail cell.

@AzzurriFanPhil Yea because Italy were robbed by the referee in the playoff final. It would be a compensation

For the sake of discussion (which I personally avoided for weeks especially since it’s never happening): for now, forget about whether an Iran-Italy World Cup spot swap would be justified… If you’re an 🇮🇹 fan, would you actively root for the team IF this swap happened?

@aa_gilli Stop this rubbish. Italy were robbed by the French referee in the last match v Bosnia. A place in the WC would just be a compensation

Believe it or not, this is how soccer works in Italy. Fiorentina was relegated to the third/fourth league but promote back to the second or first league due to “historical” merits. Inter Milan used fake passports, cooked the books, spied on players and adversaries, exerted pressures on referees: it should have been relegated to the fifth or sixth league, it was awarded two championships despite coming third and by a former board member, then president of the Italian soccer championship’s main sponsor, a company owned by a shareholder and sponsor of Inter Milan.

@0xfs7 Eurosummer starts May 1st

europemaxxing is around the corner summer is coming in 2 months - you wake up before the heat with this view - espresso on terrace and the sea still quiet - that hour belongs to you - a slow breakfast nobody rushes - a lunch that starts at 2 and somehow it's 5 then the water cold. clear. the kind of swim that makes everything else feel secondary this is what mediterranean summer is supposed to feel like

@AMoneroHodler @PerpetualCow @TheDesertLynx @KelpDAO @THORChain He has a point this time tho. @PerpetualCow should decentralise the protocol instead of 'joining forces' with tayvano and other pro-censorship and anti-crypto actors. This action is going to destroy any credibility Wagyu had gained in the XMR community.

@PerpetualCow @TheDesertLynx @KelpDAO @THORChain I'm always there to replyguy to this replyguy until he finally blocks me. Then I'll replyguy to the dash page he runs.

The @KelpDAO funds have started being laundered through @THORChain and it's putting the whole industry at risk with the illicit funds. Their current pattern of transactions look like they are preparing to send it through Wagyu, since it is indeed the best place to acquire XMR fast and as anon as possible. In light of that I'm making the difficult decision to temporarily pause all XMR swaps/bridges from Wagyu to pre-emptively prevent DPRK from utilizing it. Having these funds land in the Wagyu protocol (and therefore in the @HyperliquidX system) is something that harms us all. I will re-evaluate later on when to enable XMR swaps/bridges again, thank you all for your patience. Also anyone who already held $XMR1 prior to this pause is still able to withdraw ofc, FUNDS ARE ALWAYS SAFU. If DPRK's funds started being laundered through Hyperliquid it would cause mass chaos for the whole industry, it's for the best that this happens temporarily.