Dmitrii 迪玛 Lunin
3.4K posts

Dmitrii 迪玛 Lunin
@SkipperSu
Founder & CEO @ Shegby Inc. (Web3 KYC SaaS & Network State). MBA, JD in Digital Forensics, CEC.
Tallinn, Estonia Katılım Temmuz 2009
1.1K Takip Edilen2.5K Takipçiler

If you are pinging someone who’s busier than you, you should have a single well-thought-out specific ask. Only ask for something you truly cannot do on your own, and where you have done everything you possibly can by yourself.
For example, if you’re asking someone to send an email on your behalf, you should have a draft message ready. If you’re asking them to sign something, you should prepare a docusign beforehand with the signature blocks indicated. Or if you’re asking for an appointment, you should do it at their convenience.
Asking for time is like asking for capital, so be efficient with your asks.
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@jack Like a good old MUD, all that's left to do is add some quests and we'll be able to play multiplayer games together 😉
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my weekend project to learn about bluetooth mesh networks, relays and store and forward models, message encryption models, and a few other things.
bitchat: bluetooth mesh chat...IRC vibes.
TestFlight: testflight.apple.com/join/QwkyFq6z
GitHub: github.com/jackjackbits/b…

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Why is @Pornhub the top referrer for my plane game?
sakkkki@devMidgard
wtf lol 😂 people going to fly.pieter.com after beating their meat
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@balajis Seigniorage vs. TGE 🤔
Won't governments simply extend their tariffs to digital assets?
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Tariffs are likely bad for the US economy, but good for cryptocurrency.
Why are they bad for the US economy?
Because production can't go up overnight, but prices can. Because returning production to a country is even harder than building it in the first place. And because the US makes far more from its money-printing business than its manufacturing business.
Why are they good for cryptocurrency?
Because internationalist capitalism will move onchain, even as nationalism and socialism gain ground offline. Because the only truly binding cross-border contracts will soon be smart contracts. And because you might not be able to trust a country's economic promises, but you can trust cryptography's mathematical guarantees.
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@balajis If the internet is so decentralised and anarchic, why do a few big tech companies control most of it? Is it really the Wild West, or just another kind of empire?
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China is the land.
The Internet is the cloud.
China has a Chinese-speaking closed network.
The Internet is the global English-speaking network.
China is Apple, polished but closed.
The Internet is Android, messy but free.
China has 1B+ under one leader.
The Internet has 7B+ under many leaders.
China is nationalist socialist.
The Internet is internationalist capitalist.
China is top-down and controlling.
The Internet is bottom-up and anarchic.
China is the American Empire of the 20th century.
The Internet is the Wild West America of the 1800s.
China is visual and physical.
The Internet is verbal and digital.
China has its tributary states.
The Internet has its network states.
China has hard power, military, and manufacturing.
The Internet has soft power, media, and money.
China is gold-backed.
The Internet is digital gold-backed.
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@cryptoamanclub @cz_binance It looks like hackers are no longer worried about multi-sig solutions. Could Binance also be at risk?
Where do we draw the line between security and centralisation?
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Bybit hack has become the biggest hack in history.
Top 10 Major Crypto Exchanges that have been Hacked in the Past.
● Bybit (2025) ➺ $1.38 billion
● Mt. Gox (2011) ➺ 647,000 $BTC
● Bitfinex (2016) ➺ 120,000 $BTC
● Coincheck (2018) ➺ $532 Million
● FTX (2022) ➺ $415 million
● KuCoin (2020) ➺ $280 Million
● WazirX (2024) ➺ $235 Million
● QuadrigaCX (2018) ➺ $190 Million
● Coinbene (2019) ➺ $105 Million
● Phemex (2025) ➺ $69 Million
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Some thoughts on the recent hack(s).
There is a pattern where hackers were able to steal large amounts of crypto from multi-sig “cold storage” solutions, as with ByBit, Phemex, WazirX and potentially others. In the most recent ByBit case, the hackers were able to make the front-end user interface show a legitimate transaction while the actual signing was for a different transaction. I am less familiar with the other cases, but they sound similar based on limited available info.
What’s more scary is that the affected exchanges used different multi-sig solution providers. The hackers, the Lazarus Group, are highly advanced and broad in their abilities to penetrate. It is still unclear whether the hackers were able to penetrate multiple signing devices, or the server side, or both in each of these cases.
Some people questioned my suggestion of halting all withdrawals as a standard security precaution (in a tweet I posted from a shuttle bus to the plane). My intention was to share a practical approach based on my experiences and observations, yet there is no absolute right or wrong in either approach. My guiding principle is always to lean on the safer side. After any security incident, pause everything, make sure we fully understand what happened, how hackers penetrated the systems, which devices were compromised, triple-check all is safe, and then resume operations.
Pausing withdrawals could cause more panic, of course. In 2019, we paused withdrawals for a week after a massive $40 million hack. When we resumed withdrawals (and deposits), we saw more deposits than withdrawals. Not saying this is a better approach. Every situation is different. It’s a judgment call. My tweet was to share what might work and my intention was to show support in a timely manner. I am sure Ben made the best decision based on the info he had.
Ben did a good job maintaining transparent communication and calmness in dealing with a challenging situation. That shows a sharp contrast to other less transparent CEOs, like WazirX, FTX, etc.
The cases mentioned here are all different. FTX was fraud. WazirX, I will refrain from commenting as there is an ongoing lawsuit.
Most importantly, we should never take security for granted. It is important to learn about security yourself so that you can choose the right tools for your needs. For this, I will share an article I wrote a few years ago. It’s a little outdated, but the fundamental concepts still apply. Stay SAFU! binance.com/en/blog/from-o…
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From IPO and M&A to crypto?
The tech M&A era may be ending.
But the crypto era could be just beginning.
Because the combined effect of new policies is to make it much harder for startups to IPO or M&A, but much easier to sell equity-backed security tokens on the Internet.
Let me explain.
1) It's hard to IPO. First, for decades the SEC's Sarbox rules have made it onerous for small companies to go public. They made these rules to stop the next Enron, but they didn't do that (nor did they stop the financial crisis). What they did do was chop the number of publicly traded US companies in half[a] from its 1999 peak:
2) It's hard to M&A. As a consequence, starting in the mid-2000s, the conventional wisdom became that tech companies should stay private for longer. Because IPOs were hard, that meant M&A loomed much larger as a path to liquidity for venture-backed tech startups. This period of about 20 years included huge exits like Instagram ($1B), Oculus ($2B) and WhatsApp ($19B).
But since the advent of Lina Khan's FTC, big M&As have been blocked on the grounds that this would increase competition by disallowing big fish from eating smaller fish. That was the (ostensible) rationale for the joint EU/US/UK regulatory assault on Adobe's proposed acquisition of Figma[b], which would have been a huge exit that funded many more startups:
Khan's reasoning is fundamentally incorrect because when a big company buys a small competitor at a high price it's actually a surrender — and a huge capital injection into the VC ecosystem to create many more such competitors. If there are fewer such exits — either IPOs or M&As — then there's no capital for tech startups. And hence no competition.
3) The new admin is still anti-M&A! Tech guys thought the new admin would be friendlier to M&A. But surprisingly, the new administration has bought into Lina Khan's logic — and is apparently continuing[c] her policies:
I think this is partly due to their (understandable) tribal animus against Big Tech companies for media-driven censorship during the 2020 election. But unless things change, it means tech M&A isn't coming back.
Moreover, there is continuity with Biden anti-M&A policies on another front. Japan's Nippon Steel was blocked from acquiring US Steel by Biden, but the new admin upheld the block. However, they seem to be offering a different path[d] where Nippon Steel invests in the US company but doesn't own it.
Regardless: neither big companies nor foreign companies may easily acquire US companies. And the thing is, M&A is already hard. It's like getting married, it's a huge production. If you layer some unpredictable government risk on top of an already difficult-to-do deal, many M&As just won't even be contemplated.
4) But the crypto window is open. However, when Gov closes a door it sometimes opens a window. Even though IPOs are still expensive, even though M&A has been made much more difficult...the new administration has de facto deregulated crypto with the launch of the presidential memecoins and the pro-crypto executive orders.
No one yet knows what the new rules are, but if you can do an unbacked memecoin you should almost certainly be able to do an equity-backed ICO, also known as a securities token offering (STO):
In fact, STOs actually fit the admin's vision that "the world should invest in US-founded coins" and that "small entities should be able to be independent for longer."
And remember their idea that Nippon Steel investing[d] in US Steel is ok, but owning it is not ok? This could be a way to square the circle. If you disallow Big Tech companies from buying Little Tech companies, you need to allow the latter to raise capital somehow in order to compete with Big Tech.
So let the world invest in them onchain without owning them, just like Nippon Steel is investing in US Steel. And just like Masa[e] and Saudi[f] are investing hundreds of billions in US companies without owning them outright.
That's a financial win/win that preserves sovereignty.
Moreover, mom and pop shops (restaurants and the like) can in theory STO as well. In theory, the STO takes the capital cost of going public from millions to zero. But you'd need to layer new decentralized regulatory mechanisms on such a market, similar to Uber/Airbnb/Amazon's star ratings and bans of bad actors.
5) From blue states to blockchains. Anyway: there are a zillion details to be worked out in terms of putting cap tables on chain and conducting high-trust public offerings with lockups and the like.
But this is ultimately where we wanted to go anyway. California is no longer the only place to operate, Delaware is no longer the best place to incorporate, and New York is no longer a great place to trust in the rule of law.
Blue states are over, but blockchains are in.
Because obviously Internet companies should exist in an Internet-native form onchain and be able to access Internet-scale capital markets via crypto. And indeed, even as the number of New York-listed stocks has been falling, the number of Internet-listed digital assets has been rising.
So, to my tech friends: yes, the tech IPO and M&A windows may be closed. But the tech STO window could be thrown wide open.




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@SondreB 'Life can be much broader once you discover one simple fact, and that is - everything around you that you call life, was made up by people that were no smarter than you. And you can change it!'
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"When you grow up you tend to get told the world is the way it is and your job is just to live your life inside the world. Try not to bash into the walls too much. Try to have a nice family life, have fun, save a little money.
That's a very limited life. Life can be much broader once you discover one simple fact, and that is - everything around you that you call life, was made up by people that were no smarter than you. And you can change it, you can influence it, you can build your own things that other people can use.
The minute that you understand that you can poke life and actually something will, you know if you push in, something will pop out the other side, that you can change it, you can mold it. That's maybe the most important thing. It's to shake off this erroneous notion that life is there and you're just gonna live in it, versus embrace it, change it, improve it, make your mark upon it.
I think that's very important and however you learn that, once you learn it, you'll want to change life and make it better, cause it's kind of messed up, in a lot of ways. Once you learn that, you'll never be the same again." - Steven Jobs (1994)
I grew up with Mac and Macintosh, I admired Steve Jobs and still do. He had a brilliant mind, and he executed on it.
Some of you might remember the Think Different campaign, it influenced my life.
"Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They’re not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them.
But the only thing you can’t do is ignore them. Because they change things. They invent. They imagine. They heal. They explore. They create. They inspire. They push the human race forward. Maybe they have to be crazy.
How else can you stare at an empty canvas and see a work of art? Or sit in silence and hear a song that’s never been written? Or gaze at a red planet and see a laboratory on wheels? We make tools for these kinds of people.
While some see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do." Apple (1996)
The last sentence on this quote, I have used in various occasions in my life and career. It has driven me and inspired me, to think different and don't accept status quo.
Many of the people that know me and have worked with me, knows that I tend to think differently, my opinions and views are for some people, fairly radical in nature.
I will never accept status quo; I believe we can make the world better.
This is why my belief and faith in The Free City of Liberstad is unwavering. We will not accept that we must obey, kneel down and be subjugated by the Few. It goes against the moral fiber of my soul.
Upholding your moral principles in life, is important for your strength and character. Our moral, is our guiding light in the vast darkness of Space and the cruelty that exists among Men. We exist on a speck of dust in the Universe, we must think beyond our mere bodies, countries, communities and culture.
Only then, will we see the absurdity behind the ideas of a Few, those who think they represents the many, the politicians. They don't represent me, yet you are free to be their subject.
Educate yourself, enlighten yourself. Don't accept the truth you are being told through the TV and Media. Ask the right questions, dig deeper into the answers.
I cherish your support to build a new and better society in the ideal of a new free city, The Free City of Liberstad.
We are not many, yet we are strong. If you want to join us, in any shape or form, I would greatly appreciate any positive and constructive contributions you might deliver.
I end with another quote from Steve, which inspired me to write today.
"I've actually always found something to be very true, which is most people don't get those experiences because they never ask. I've never found anybody that didn't want to help me if I asked them for help.
I always call them up. I called up, this will date me, but I called up Bill Hewlett when I was 12 years old, and he lived in Palo Alto. His number was in the phone book. And he answered the phone himself and said, "Yes?" And I said, "Hi, I'm Steve Jobs. I'm 12 years old. I'm a student in high school, and I want to build a frequency counter. And I was wondering if you had any spare parts I could have."
And he laughed and he gave me the spare parts to build this frequency counter, and he gave me a job that summer in Hewlett-Packard working on the assembly line putting nuts and bolts together on frequency counters.
He got me a job in the place that built them. And I was in heaven.
And I've never found anyone who said no or hung up the phone when I called. I just asked. And when people ask me, I try to be as responsive. You know, to pay that debt of gratitude back.
Most people never pick up the phone and call. Most people never ask.
And that's what separates sometimes people who do things from people who just dream about them. You've got to act, and you've got to be willing to fail.
You've got to be willing to crash and burn, you know, with people on the phone, with starting a company, with whatever. If you're afraid of failing, you won't get very far." - Steven Jobs (1994)
Thank you.
#Liberstad #Voluntaryism #Freedom
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@carrawu @danboneh @0xkarmacoma @daejunpark @DarenMatsuoka As more people use AI, we’ll need unique proof of personhood
@eddylazzarin

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A few of the things we’re excited about in crypto (2025)
→ An AI needs a wallet of one's own to act agentically
→ Enter ‘decentralized autonomous chatbots’
→ As more people use AI, we’ll need unique proof of personhood
→ Going from prediction markets… to better information aggregation for everything
→ Enterprises will increasingly accept stablecoins for payments
→ Countries explore putting government bonds onchain
→ We’ll see greater adoption of the ‘DUNA’, a new industry standard for blockchain networks in the U.S.
→ Liquid democracy online goes physical
→ Builders will reuse, not just reinvent, infrastructure
→ Crypto companies will begin with the end (-user experience), instead of letting the infrastructure determine the UX
→ ‘Hiding the wires’ helps usher in web3’s killer app
→ The crypto industry finally gets its own appstores, and discovery
→ Crypto owners become crypto users
→ Various sectors may start tokenizing ‘unconventional’ assets
Learn more: a16zcrypto.com/posts/article/…

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@TheGregYang — Offer a free daily or weekly Grok trial to attract new users.
— Automatically suggest illustrations based on the user’s tweet content.
— Add short video generation as a feature for Premium+ users.
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@brian_armstrong 5. Network States -> building online-first nations
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Happy Thanksgiving, everyone! 🍁🍂
Let's take a moment to appreciate the good things in our lives and be kind to those around us. We can be grateful every day – today, let's share it even more! 🙏🦃 #Thanksgiving
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@andrewchen Wow, this reminds me of MUDs (anyone remember those text-based games that ran over the Telnet protocol?).
Completely text-driven, like an interactive book - you’d read room descriptions, navigate, and interact with other characters and NPCs.
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Cool prompt I’ve been using - replace [person in brackets] with whoever you want in history.
—
Describe the day in the life of a [Roman mechant]. Put them into a story during an eventful year. Give them a name. Start out with a lot of context on their life and motivations.
Give me small choices to make throughout their day to make it interactive. Stop at each question and wait for my choice before continuing the story
—
Here’s an example of the output:
Let’s dive into the life of Lucius Cornelius, a Roman merchant during the height of the Roman Empire in the 2nd century AD, a time of bustling trade, cultural exchange, and political intrigue. He is a middle-aged man based in Ostia Antica, the busy harbor town of Rome, where goods from across the empire pour in to feed the capital.
Background on Lucius Cornelius
Lucius was born into a modest family of tradespeople in Ostia. Over the years, he inherited a small shipping business from his father, which he grew through clever negotiations, good relationships with suppliers, and a willingness to take risks. He now manages a fleet of four small cargo ships that specialize in importing olive oil from Hispania, garum (fermented fish sauce) from Gaul, and fine ceramics from Asia Minor. Despite his growing wealth, he remains concerned about rising competition, unpredictable weather, and corruption among customs officials.
Lucius is ambitious. He dreams of securing a long-term contract with the Roman military to supply provisions, which would guarantee steady income and elevate his status. But he knows this won’t be easy, as it requires navigating political connections and bribing the right people.
The Year: AD 145
The year has been turbulent for Lucius. A storm earlier in the spring destroyed one of his ships, and his finances are strained. Rumors of banditry in the Apennines threaten trade routes inland, and a new customs officer at Ostia has been seizing goods arbitrarily. But Lucius has heard whispers of a lucrative opportunity: a senator in Rome is looking for a reliable supplier for a shipment of fine textiles from Egypt to furnish his villa. This could be the break Lucius needs.
The Morning: Market Day
The story begins on a clear, cool spring morning in Ostia. Lucius wakes before dawn in his modest but comfortable villa. His wife, Claudia, prepares a simple breakfast of bread, cheese, and figs. Their two sons are still asleep, but the house bustles with the sounds of slaves preparing for the day.
Lucius checks his inventory ledgers, noting that a shipment of garum from Gaul is due to arrive at the port later today. He also recalls the senator’s textile contract. The day will require careful planning.
As Lucius sets out, he has three main priorities:
1.Inspect the incoming shipment of garum to ensure its quality and quantity.
2.Visit the port customs office to resolve an issue regarding unpaid duties on a previous shipment.
3.Meet with a textile broker who can connect him to Egyptian suppliers for the senator’s contract.
First Choice
Lucius strides into the bustling streets of Ostia. The harbor smells of salt and fish, and merchants shout over each other to hawk their goods. He knows time is limited, and he must decide where to go first:
•Option A: Head directly to the docks to oversee the arrival of the garum shipment. Missing this could risk spoilage or theft.
•Option B: Visit the customs office to clear up the duty issue before the new officer seizes more goods.
•Option C: Go to the textile broker to negotiate a deal for the senator’s contract while there’s still an opening.
What should Lucius do?
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@Zeneca Base is interesting. Could it be the first blockchain where social identity and job creation merge? Imagine millions of people earning from their skills with minimal barriers.
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@cz_binance If you could just explain what you mean by "real application", that would be a huge help for builders.
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@bobbyong It looks like we're now in the 'list my meme-themed, dog/frog/squirrel-backed, community-voted Lambo coin' stage of the cycle.
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