Andrea

Spent the whole day designing app features for @Dily_app. At moments I got stuck, but then you go for a 15-min walk and creativity reaches new heights. Con: my girlfriend, friends and but probably hate me...

I Saved Injective's $500M. They Pay Me $50K. I like hunting bugs on @immunefi . I'm decent at it. - #1 — Attackathon | Stacks - #2 — Attackathon | Stacks II - #1 — Attackathon | XRPL Lending Protocol - 1 Critical and 1 High from bug bounties (not counting this one) Life was good. Then I found a Critical vulnerability in @injective . This vulnerability allowed any user to directly drain any account on the chain. No special permissions needed. Over $500M in on-chain assets were at risk. I reported it through Immunefi. The next day, a mainnet upgrade to fix the bug went to governance vote. The Injective team clearly understood the severity. Then — silence. For 3 months. No follow up. No technical discussion. Nothing. A few days ago, they notified me of their decision: $50K. The maximum payout for a Critical vulnerability in their bug bounty program is $500K. I disputed it. Silence again. No explanation for the reduced payout. No explanation for the 3 month ghost. No conversation at all. To be clear: the $50K has not been paid either. I've seen others share bad experiences with bug bounty payouts recently. I never thought it would happen to me. I can't force them to do the right thing. But I won't let this be forgotten. I will dedicate 10% of all my future bug bounty earnings to making sure this story stays visible — until Injective pays what I deserve. Full Technical Report: github.com/injective-wall…

A friend tells you about a restaurant. They don't start with the address or the menu. They tell you about the night they went there after a terrible week, how the bartender remembered their name, how they sat at the corner table and everything just felt right. And now you want to go. Not because of what the place serves or how they serve it. Because of why it mattered to someone. That's storytelling. And that's why nobody ever fell in love with a product because of its feature list. They fell in love with the reason it exists. Applying to @hypebootcamp because building something great is only half the job. The other half is making people care.

It's a joy building on @solana. The amount of tooling, support (for example, @SuperteamBLKN), and performance is unrivaled.

Day 2: We're getting into the fundamentals of Solana! Things you really need to understand as a Solana dev: - Accounts - Instructions - Transactions - Programs This is probaly the most information dense video I ever produced 👇

@solflare Thank God! We are getting into interesting territories. Gonna check out how to implement it into our dApp :)

Introducing Privacy Aggregator Layer (PAL) A new standard for Solana. Solflare is the first wallet with a native built-in privacy layer. PAL’s first feature Private Send (app + extension), lets you send crypto without revealing your wallet to the recipient: • Optional per transfer • Built into Send • Fees shown before you confirm • Processed in minutes How it works ↓

got into the kitchen cooking. time to build something I've been wanting to exist for a while. web3 gods, help us find PMF 🙏

Slowly starting my SOL accumulation. Not sure when the bull market is coming back, but I'm sure I'm going to stick to my thesis.

@ABarta199511 Haha

Ide nem megyünk nyaralni. Boycott Croatia. Egy kisebbségi komplexusban szenvező, hálátlan népség! Senki ne vigye oda ezentúl a pénzét! Irány Bulgária vagy Olaszország. 🇭🇷🛑🫷 #Croatia #Hungary

It's simpler and more lucrative to launch a business than to commit to a blockchain project with questionable legitimacy...

Episode 1: Enter The Trenches

@balajis Yeah, lol, I guess they did zero research regarding the impacts of their policy.

LIQUIDATION CONTAGION Wealth taxes are even worse than you think. Any asset held by Californian billionaires or Dutch citizens is now at risk of experiencing forced liquidation pressure. So: it’s not just that you don’t want to hold assets as a Dutchman. You also don’t want a Dutchman to hold your assets. Because the logic of forced liquidation is contagion. Let’s think it through. (1) First, suppose there is an asset with a total market cap of $10,000, with 10 shares total, of which 1 share each is held by 10 different holders, all in the Netherlands. To simplify the math, assume the Dutch holders bought those shares at par, or close to $0. (2) Now suppose today is the unrealized cap gains tax day, and the share price is $1,000 per share. Each Dutch guy is hit with a 36% tax, and owes $360. The first guy sells his one share, gets $1,000, and pays $360 in tax while retaining $640. (3) But the first guy’s sale reduces the market price to $960 per share. So when the second guy sells, he only retains $600 after paying $360 in tax. (4) Now assume that by the 7th guy, all the selling has pushed the share price to collapse to $200 per share. This is a very reasonable scenario if 60% of the cap table has suddenly been dumped. Indeed it might go much lower. (5) At $200 per share, the 7th guy actually has to go into debt to pay the tax as he owes $360. He sells his one share, pays all $200 of the proceeds in tax. And still owes $160 more in tax. (6) The 8th, 9th, and 10th guys are even more screwed. By the time they sell, the price will likely have crashed to $100 per share or less. As with the 7th guy, even 100% liquidation will not cover their tax burden. (7) So we immediately see many negative things about the Dutch unrealized cap gains tax bill. (a) First, it will cause large simultaneous forced liquidations. Everyone must sell 36% of their stake near the same time. (b) Second, it may be literally impossible to pay if a critical mass of the cap table is all subject to it at the same time. In the example above it was 100% Dutch holders, but has it been just 60% the result would have been much the same: a collapse in the share price. (c) Third, that means it would be disastrous to have too many Dutch citizens (or Californian billionaires!) on the cap table. Their forced sales will crash your share price. (d) So, you might have to start mass blocking those resident in wealth-taxing jurisdictions from investing in your companies. (e) This in turn makes the poor Western European guy even poorer, as he gets locked out of high growth assets. To be clear: I really do feel bad for the formerly Flying Dutchmen, now Crying Dutchmen. They invented much of modern capitalism. They founded New Amsterdam, now New York. They’ve punched way above their weight. I wish them only the best. Nevertheless…they should prepare for the worst. This may be a tough century for Western Europe. The first ones out might get to freedom, while the slowest may be stuck behind a new Iron Curtain, spending a century paying off the debts their states incurred over the last century. Because the long run fruits of Western Keynesianism are the same as Soviet Communism, in the sense of wealth seizure and pauperization. I mean, if you knew the future, you wouldn’t want to co-own a farm with a Russian in 1916. For similar reasons, you might not want to co-own a share of stock with Dutch national in 2026. Or with anyone in a seizure-curious jurisdiction…which unfortunately includes much of Western Europe, Canada, and Blue America. You instead want assets that are not held by those subject to forced liquidations. Now, I grant that this is an unusual way to rank assets…Dutch holders considered harmful?!? Yet it might sadly be necessary to minimize your exposure to liquidation contagion. PS: guess which crucial stock is most held by the Dutch? ASML. So: this unrealized cap gains tax may not literally be a communist plot, but it would have the same effect.

OK. So to get this straight.... Ashes of Creation former CEO, Steven Sharif, bankrupted the company on purpose after 10 years having not put a SINGLE DOLLAR into his company. AoC was spending $2.5M PER MONTH in burn in 2025, and $1M PER YEAR was salaries to himself and his husband throughout the duration of the project, but he wasn't keeping up with his mortgage on his home and was at risk of having the bank foreclose on his house. In almost losing his house, Steven begged his 2 primary investors for money to secure a loan that he couldn't pay and put $1.3M into an escrow account for his home loan. When AoC's track record of insolvency wasn't improving, the primary investor of Intrepid ($80M) said he was taking over and tried to make Steven the Creative Director with an earn-out plan. They were to lay off 50-70% of staff, but save the game/business. Steven refused. When negotiations failed, **STEVEN NOTIFIED THE BANK HOLDING HIS HOME LOAN OF THE INCOMING STEAM FUNDS FROM THE EA LAUNCH AND INSTRUCTED THEM TO WRITE A LETTER TO VALVE CLAIMING THE $3.7M OF SALES MONEY** this did 3 things: 1) IT *TECHNICALLY FULFILLED* THE OBLIGATION OF "LAUNCHING" THE GAME TO BACKERS 2) Securing the funds RELEASED THE $1.3M from escrow of "personal money" that the bank was holding to secure his home loan 3) THAT MONEY WAS INTENDED TO PAY PAYROLL ON FEBRUARY 1. When the money vaporized due to the bank's claim, they had no choice but to close the business and send out WARN notifications. That's why it came so late. Steven's "unethical board" was him refusing to take a step away from the control seat. The letter to the bank bankrupted the company. Steven Sharif literally caused Intrepid studios and Ashes of Creation to burn by his own hand and walked away from the business with literal millions of dollars in his bank account. Holy. Fuck.

@InvestingVisual Good luck, Dutch people!

The Dutch government is destroying long term compounding by introducing a 36% tax on unrealized gains. As a Dutch citizen and long term investor, I’m at a loss for words about the lack of vision behind this new tax. I normally don’t post anything politically related, but what our government is planning to do is disastrous for long term investors. This is the sad truth. Most people here start investing to protect themselves against inflation and ever rising pension ages. They’re trying to put hard earned money to work, hoping they can retire before the age of 71. And they had a real shot at that before this bill. If you started at 25 with €10,000 and contributed €1,000 every month, you could compound to €3,320,000 over 40 years. If you lived prudently, you could retire early and live off it for the rest of your life. With the new capital tax? After 40 years of compounding, you’d end up at €1,885,000. That’s a €1,435,000 difference. This tax denies generations the chance of early retirement, punishes those who take risks, and introduces severe liquidity issues for people who have been compounding successfully for years. And to what end? To fill a €2.4 billion tax hole. I’m beyond words. If you’re Dutch like me, please share this visual with fellow investors to increase awareness. Hopefully we can make our politicians understand the severity of this tax, and the breadth and depth of its destructive implications. ~ Jan

@Lazaki_design I think both will happen. If Ethereum fully commits to vertical scaling, I can see many teams moving back to L1 which will make Ethereum a beast again. On the other side, L2 devs are in a tough spot, and I don't see that getting better anytime soon.

@AndreaKovacic Do you think this shift will speed up adoption for Ethereum, or create more uncertainty for developers?

@AirdropGlideApp That's it, the Bitmosis vision hahahah

Has anyone noticed how little volume is traded in Cosmos these days, outside of BTC? Looking at Osmosis, BTC had $2m in volume over the last 24 hours. However, ATOM only did a fraction of this volume at $375k. And then OSMO less again at $300k. ETH was even lower at $125k. It just shows the dominance of Bitcoin in every ecosystem.

Layer zero: One last blockchain pls

wrote a deep dive on how Solana and Ethereum are converging on the same scaling approach from opposite directions. if you're planning GTM for a new project today, how much does the L1 vs L2 decision change your distribution strategy?