Anthony

Palmer Luckey reveals Anduril is building something that makes 50 years of firearms development irrelevant, but he can't tell you what that is today. "I'm building things today that we could have built 100 years ago and it would have changed everything." "We're building things, for example, that would have made the last 50 years of firearms development completely irrelevant." "Like, let's make every gun that has been designed since the 50s or so, since Eugene Stoner invented the AR platform at ArmaLite Rifle, we're going to make everything since that irrelevant. And you could have actually done this in the 20s." "I can't tell you exactly what it is."

I can't keep my BTC on centralized exchanges because they might go bankrupt or freeze withdrawals. I can't keep my BTC in hot software wallets because my laptop might get hacked. I can't keep my BTC in cold hardware wallets because there could be a bug on the manufacturer's side that exposes my seed phrase. I can't deploy my BTC in DeFi because there's like a new eight-figure hack every month. So where am I supposed to keep my BTC?

$1.6 million dollars in Bitcoin was drained from my account on July 29th in the Cold Card wallet hack. My Bitcoin was in cold storage. My keys were on a ColdCard device kept in a safety deposit box that had never been connected to the internet. This part's nerdy, but here's what happened: Hackers discovered a vulnerability in the part of the hardware wallet code used to create seed phrases. This allowed them to use AI to brute force guessing seed phrases. I was at our cottage and heard about the hack today. "No way this affects me." I thought. I logged into Wasabi––software that lets me view my bitcoin wallets online. Right away I saw lines of red transaction–withdrawals–and I knew. From 9:36pm - 9:43pm on July 29th, every wallet I had had been emptied. 18.25245043 btc gone. That's just over $1.6 million dollars CAD. Perhaps the hardest part about this is that I did everything right. I never shared my seed phrase with anybody. My devices never touched the internet. Everything was kept in multiple safes and safety deposit boxes. None of it mattered. All because the hardware that created the seed phrase originally had one line in their code from 2021 that had a vulnerability. I'm filing a police report and a report with the Ontario Securities Commission. But I don't expect to recoup anything. A part of me is trying to make sense of what just happened. Or try to figure out a lesson in it. I'm struggling. $1.6 million is a staggering amount of money to have stolen. I guess all that I can think about right now is that I'm so damn happy that I'm an entrepreneur and that my earning potential is under my control. Mark my damn words. I'll recover.

🇺🇸 INITIAL JOBLESS CLAIMS 187K VS 210K EXPECTED LOWEST ON RECORD