O'rion

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Has Tice resigned yet? If not share to encourage him to do what he demanded of others

Wait a minute, is this the same Richard Tice who repeatedly called for Angela Rayner to resign over her dubious tax shenanigans? Surely not, because that would make him look like a hypocritical wanker. Oh.

The only thing missing from the current nadir in faith in decentralization (of chains or apps) is the sudden pump of the coin of a centralized corpo database with no property rights. Of course such a coin has no reason to exist and no fundamental value. It has no utility, an infinite theoretical supply, no regulatory or cryptographic property rights, no atomicity, and no way for anyone other than the issuer to view all the transactions of. It also has a top holder who is the only source of liquidity, a major red flag in any mature financial market. But the crypto industry loves such coins. It loved Luna and FTT (until they went to zero). It loves XRP and BNB still, valuing them more than SOL. And none of those coins had endless Suits and their meek Simps holding bags and driving prices via a combo of paid misrepresentation, gaslighting, and attacks on critics. Shitcoining in suits is the ultimate trap for the unprincipled and uninformed. Plus the crypto industry's immune system to scams is a bit compromised. That's a dangerous combo. The pump will come. I don't own any and never will, but am certain of this.

No matter what happens with the rsETH resolution, let this be the last time DeFi protocols (or their users) treat any derivative asset as having equal risk as the spot asset. A derivative is always (always!) riskier. The difference might be small, but it exists. It has to. So a wrapped asset is riskier than the native asset (this even applies to wETH) A staked asset is riskier than the non-staked asset, so the LST is riskier. A restaked asset is even riskier still. A bridged asset is riskier than the native asset. There are different kinds of bridges with different risk profiles, but none are as safe as the native. As this particular exploit revealed, any combination of these derivatives (like a bridged LST) is riskier than the summed risk of its parts. The attack surface grows exponentially, not cumulatively. And lastly, as a corollary: the practice of hardcoding any oracle at 1 needs to be revisited. It should not be assumed that a native asset and its derivative will trade at par forever. The problem of oracle bugs or exploits should be dealt with elsewhere.

MI5 visited Boris Johnson in No10 & warned against Lebedev's peerage.Why was Lebedev,a Russian (son of a KGB agent)given a life peerage with powers to sit in committees discussing matters of security of state+legislative & scrutiny powers?How was Boris Johnson allowed to do this?

Somewhere out there (likely in a Patagonia vest) there's a Suit Simp preparing (or AI prompting) an essay on why the Kelp DAO hack explains the need for centralized corpo databases cosplaying as chains with 1-800-BAILOUT functionality. So let me get ahead of it: It's always easier to breach a permissioned database than a permissionless chain because the validators are fixed and known. The hackers could just go to a website and get a list of which companies IT setup they'll need to infiltrate to take over an entire PoA network. All the other nodes will go along with this because the A in PoA stands for authority. "But wait a minute Omid, why would someone want to hack assets on a corpo database where transactions could be reversed whenever someone calls 1-800-BAILOUT?" My bad, you are correct. There's no need for a hacker to go through all that trouble to break a corpo database. They'll just call the bailout number and lie.

Not sure if my man mert is just trolling here, but friendly reminder than in TradFi the biggest collapses start and end with the middlemen. For example Credit Suisse had a half-trillion dollar balance sheet when it failed. One of the largest middlemen ever. The Swiss government had to change its laws and spend endless billions to bail it out.

BREAKING🚨 A man was choked to death by ICE guards and DHS hid his body at a military base to block the autopsy. His name was Geraldo Lunas Campos. When the county medical examiner finally performed an autopsy, the conclusion was devastatingly clear: his death was ruled a homicide. But here is the detail that should make your blood run cold. When another man recently died at that exact same ICE facility, DHS didn't call the local medical examiner. Instead, they moved his body to a nearby U.S. Army base. And that Army base is now flat-out refusing to release the results of the autopsy. This was revealed by Senator Dick Durbin in a horrifying congressional hearing about the explosion of deaths in ICE custody under the Trump administration. At least 17 people have already died in ICE custody in just the first three months of this year alone. Many of them died from easily treatable illnesses. 911 logs show ICE facilities are completely overwhelmed, ignoring basic human rights. But moving a body to a military installation to dodge a local homicide investigation? That isn't just negligence. That is a coordinated, state-sponsored cover-up. They are operating mass detention facilities with zero accountability. They are treating human beings like they are disposable. And when their guards cross the line, they use the full weight of the federal military apparatus to hide the evidence. We are watching human rights abuses happen on American soil, funded by our tax dollars. We must demand the autopsy report. Share this. Do not let them sweep these deaths under the rug.

A reporter asked JD Vance what he advised Trump before launching the Iran war. His answer: “I don’t want to go to prison.” Not “classified.” Not “national security.” “I don’t want to go to prison.” Major Alex Klinner is dead. His twins are 7 months old. The Pentagon won’t release a casualty count. The Baghdad embassy just told Americans to flee. And the man one heartbeat from the presidency won’t answer for the war because he’s worried about himself. Never stop connecting the dots.

She was the Conservative Home Secretary, in charge of immigration. Twice. What an imbecile.

Despite everything that's happened in recent days I'm as bullish the idea of decentralized finance as ever. That's not cope or me making light of current events, this KelpDAO exploit is ugly and still ongoing. It calls into question a lot of the core designs of DeFi, starting with how protocols appraise the risk of derivative and bridged assets. But if "shit blowing up in a crisis" was reason enough to abandon a financial primitive then there'd be no banking system. There'd also be no debt, equity, derivatives, or insurance. And there definitely wouldn't be any money, seeing how most of the currencies that have ever existed "blew up in a crisis" My bullishness on DeFi stems from a core belief that handing important decisions to code, cryptography, and consensus leads to a safer financial system than handing it over to blokes, bankers, and bureaucrats. But we need to be a lot better and a hell of a lot more prudent to achieve that vision.

Am I a real economist? The Rory Stewart debate

Epstein: "I was Donald’s closest friend for 10 years." Epstein: "Peter Thiel is a great friend." Your president and shadow president were besties with a serial child rapist who ran an international underage sex trafficking network for decades. Let that sink in for a moment.

Tories are demanding all the vetting documents on #Mandelson. 2022: Sir Keir #Starmer requests vetting documents on Boris Johnson's appointment of obvious KGB stooge Evgeny #Lebedev to House of Lords. Tories: "Nope." The #Hypocrisy STINKS.

A new watchdog report from the Government Accountability Oversight Project alleges that President Donald Trump directed $3 billion in federal funds toward his own properties and political allies. The report claims this was achieved through a series of classified security agreements and no-bid contracts authorized during his final year in office. Investigators suggest that emergency national security designations allowed these properties to receive federal payments at rates significantly higher than market value. The most substantial allegation involves a $1.2 billion security agreement at Mar-a-Lago, an amount that reportedly exceeds the security budget of any private residence in U.S. history. While the Trump legal team has dismissed these findings as a partisan attack, federal investigators are currently reviewing the data. If verified, this would represent the largest alleged self-dealing scheme by a president in the history of the United States. Critics have noted that the funds in question were drawn from the national treasury, which traditionally supports essential services such as veterans' hospitals and disaster relief. While no formal charges have been filed, the scale of the alleged diverted funds has sparked intense debate over executive accountability. The Government Accountability Office has yet to issue a formal comment on the specific findings of the report.

the great news is that pretty much all of this is totally preventable ethereum and ETH are rapidly growing to global ubiquity. this doesn't change that one bit future defi solutions won't make these amateur errors (they'll eventually seem like amateur errors... already do to many experts) attacker supremacy from AI won't last, it's working through a backlog of exploits. the limit result will be much permanently more secure protocols and eth's neutrality and capital gravity well will be more valuable than ever if you have ETH lent in aave, imo you should get out right now by using onchain limit orders to sell to whale loopers who are actively buying aETH unwind leverage. you can take as little as a 1.1% haircut based on ongoing txns in mid 6-figs, which is much lower than some estimates of final socialized losses. why can ETH lenders take only a 1.1% haircut now? because loopers want to avoid liquidation from high rates caused by 100% utilization. on the bad debt side, loopers actually win from socialized losses because their debt token (aETH) is the one taking the haircut, so they'd owe less in ETH terms. the most remarkable thing in this crisis is clearly that billions of dollars in backbone eth lending on aave were in fact exposed to signer risk in a 3rd party bridge... effectively some random downstream fellow was actually an aave admin. aave additionally has negligently low borrow rates during 100% utilization, leading to extremely dangerous illiquidity. what if ethusd crashed for any reason... eg. if stocks were open and a politician said the wrong thing, btc goes down 5%, eth goes down 8%... this can lead to broader contagion and bad debt. protocols and their teams like fluid (who've had low level dynamic withdrawal rate limits in protocol from day 1 so can't be insta drained) and spark (who seem to have excellent scientific gov and no exposure for eth lenders to 3rd party bridge admins) deserve respect and attention for doing what they knew was right and possible even before the ecosystem had a forcing function to care about it. same goes with other kinds of security practices that are still fringe, maybe including formal verification and ipfs hashes for frontends nearly 24h since the attack, the lack of material updates from affected protocols, including kelp, layerzero, and aave, suggests to me the ongoing severity of the situation. many factors are in play, there's probably no great solution, somebody is going to lose big is just the bridged rsETH (that argubly took bridge risk intentionally) fully on the hook for the bridge failure, and L1 rsETH should be unaffected? however L1 rsETH *was* affected due to gov choices in aave. does aave's junior debt program, umbrella, take the full wipeout? however umbrella's terms & conditions say they have no bridge risk, which aave gov effectively violated without umbrella holders realizing it. does layerzero bear responsibility for allowing their users to be subject to terrible admin config in one of their ecosystem bridges? i'm probably missing aspects here, it's very messy. Just Use Aave is dead... nobody is going to Just Use Anything anymore the future of this industry is to do the smart obvious stuff even when it's unpopular, like withdrawal rate limits, better interest rate gov, avoiding toxic market share steroids like degen bridge looping affordances. and for 10x better user recognition and higher standards around protocol hygiene and security differentiation. degen stuff is fun and amazing but only when you understand the true risks in sum, if you are lending ETH in aave, get out now at a ~1.1-1.5% haircut by selling to loopers actively unwinding because when the dust settles, a material haircut for Aave v3 ETH lenders is a possibility ethereum and ETH are growing well to global ubiquity and will be massive net beneficiaries of our industry successfully navigating this crisis season of backlogs of exploits discovered by AI and preventably poor practices in defi architecture/gov. trillions await

🚨Sunday Times investigation today: Richard Tice’s companies appear to have failed to pay £100,000+ in corporation tax on profits, while funnelling over £1 million in donations to Reform UK. Tice calls it a “technicality” but critics say it looks like aggressive tax avoidance benefiting both him personally and his party. The party that campaigns hardest against the establishment and tax avoidance now finds itself accused of exactly that.

Last weekend, I had broken a story about Reform UK 'fixing' a competition for one of their long term supporters to win. Byline Times scooped it. Jeremy Vine covered it. The Trawl featured it. Last night, Have I Got News for You also included it. A decent week really! 😊 The original story is here: x.com/donmcgowan/sta… HUGE H/T to @linfitlass as well for dropping the original photo to me.

🚨 KASH PATEL CRASHES OUT PARANOID AT FBI OFFICE AND IS NOW MISSING 👀 "...he struggled to log into an internal computer system. He quickly became convinced that he had been locked out, and he panicked, frantically calling aides and allies to announce that he had been fired by the White House." -The Atlantic BUT WAIT. IT GETS WORSE. The Atlantic talked to MORE THAN TWO DOZEN current and former officials. Here's what they found: 🍺 Patel drinks to the point of "CONSPICUOUS INEBRIATION" at Ned's Club in DC and the Poodle Room in Las Vegas... IN FRONT OF WHITE HOUSE STAFF. 📅 Briefings were RESCHEDULED because of it. Early in his tenure. 🔥 Senior Trump admin officials are ALREADY discussing who replaces him. One FBI official this week said: *"We're all just waiting for the word."* A former official told The Atlantic's Jonathan Lemire that Patel was... *"RIGHTLY PARANOID."* When Bondi was ousted on April 2, Patel was among the officials expected to go with her. [Raw Story] The Atlantic describes his personal behavior as a "national-security vulnerability" per officials speaking on condition of anonymity. [Newsweek] And Kash's big tough response? 👉 *"Print it, all false, I'll see you in court. Bring your checkbook."* Sir... NINE sources said you had a freakout. TWENTY FOUR said you drink on the job. Your own agents expressed RELIEF when they thought you got fired. The checkbook line isn't confidence. That's a man bluffing from a busted hand. 🧵 Still think this is a one-time thing? Let's talk about February 2026. ✈️ Kash Patel takes the FBI'S TAXPAYER-FUNDED JET to Milan, Italy. "Official business," they said. 🏒 Meanwhile... the US men's hockey team just won Olympic gold. Video surfaces of the FBI DIRECTOR chugging beer in the locker room. On camera. While his top officials back home were tracking a cartel war breaking out in Mexico in real time. Cartel gunmen were roaming streets, setting fires to vehicles and buildings, while Patel was in an Italian locker room getting a gold medal draped around his neck. [CNN] The FBI jet costs TENS OF THOUSANDS of dollars to operate. Patel reimbursed the government the price of a commercial ticket. [CNN] The GAO got involved. Whistleblowers filed. Senator Durbin sent letters. And NOW... the same man who: ❌ Used the FBI jet as a party bus ❌ Drinks to blackout in front of White House staff ❌ Had a full freakout over an IT glitch ❌ Has agents praying he gets fired ...is STILL sitting on TOP of the most powerful law enforcement agency on the planet. This isn't incompetence. This is a NATIONAL SECURITY CRISIS dressed up in a suit. WHO IS ACTUALLY RUNNING THE FBI RIGHT NOW? THAT is the question nobody in DC wants to answer. 🔴 SHARE THIS THREAD. THE RECEIPTS ARE ALL THERE.