coinasaurus

@Shaughnessy119 After the F15 pilot rescue/Iran bombing/Hormuz reopen Netflix action movie

This sounds insane and I can’t wait for the Netflix action movie so I can learn more

@elonmusk @MattWalshBlog @Glinner It's just a confusing cover for funneling taxpayer money to virtuous NGO's

@MattWalshBlog @Glinner Seriously would have been an implausible comedy routine even from circa 2010

For those who don't speak Woke Retard, I looked it up and apparently MMIWG2SLGBTQQIA+ means "Missing and Murdered Indigenous Women, Girls, and Two-Spirit, Lesbian, Gay, Bisexual, Transgender, Queer, Questioning, Intersex, and Asexual." So apparently they'd added murdered people into the LGBT community. Murdered is now a queer identity. This is the kind of innovation we get from Canada.

@WhiteHouse @BillAckman 1 + Strait of Hormuz essentially closed

President Trump set out clear, obtainable military objectives for Operation Epic Fury. Thanks to the brilliance of the United States military forces, this operation was a massive success, crushing the Iranian military apparatus.

@ASvanevik Sterile

good morning from one of the most pristine cities on earth

@jack what about who the good guys and bad guys were in world wars?

everything is programming

@beaniemaxi dev phished = insider exploit

What makes this $280 million Drift hack so devastating is that it's not a smart contract exploit. We've seen flash loans breach similar platforms before. In this case a dev was phished for an admin key. Inconceivable that no risk factors are disclosed anywhere. Heads should roll.

@vibhu opsec/social engineering of a 2/5 multisig smells like insider hack

Drift was hit by a very sophisticated attack, the source of which is still being investigated There was no program or smart contract exploit Like almost all crypto hacks of late (Bybit, Neutrl, Step), this ultimately appears to be opsec/social engineering vs contract risk The unfortunate reality is that this happened to a Solana-based entity, but it could have happened to any protocol protected by a multisig on any chain There’s likely to be a lot of lessons to be learned and socialized once the full investigation is complete, but this is an isolated incident and says nothing about Solana DeFi or any other Solana product Of course, my heart goes out to everyone affected by this Today was very hard on many people including lots of friends and I’m personally filled with tremendous sadness, because nobody deserves this But I know the Solana DeFi community will pick up the pieces and rebuild fast as only Solana can

@0xWave @DriftProtocol 2/5 is just stupidity

@DriftProtocol the real questions are: why no timelock mechanism why a 2/5 multisig why was the response so slow, have you guys not drilled an incident?

Earlier today, a malicious actor gained unauthorized access to Drift Protocol through a novel attack involving durable nonces, resulting in a rapid takeover of Drift’s Security Council administrative powers. This was a highly sophisticated operation that appears to have involved multi-week preparation and staged execution, including the use of durable nonce accounts to pre-sign transactions that delayed execution.

@DriftProtocol 2/5 is not even a majority, that is plain idiotic

The attacker was able to: - Pre-position access using durable nonce accounts - Obtain sufficient multisig approvals (2/5 multisig approval) - Execute a malicious admin transfer within minutes, gaining control of protocol-level permissions - Use that control to introduce a malicious asset and remove all pre-set withdrawal limits attacking existing funds

@FirstSquawk stablecoins can be frozen, why would they use them?

IRAN’S IRGC IS CHARGING TOLLS STARTING AT $1 PER BARREL ON SHIPS TRANSITING THE STRAIT OF HORMUZ, WITH PAYMENTS REQUIRED IN CHINESE YUAN OR STABLECOINS, EFFECTIVELY MONETIZING CONTROL OF THE KEY OIL CHOKEPOINT. - SOURCES

@DriftProtocol Ridiculous

Drift Protocol is experiencing an active attack. Deposits and withdrawals have been suspended. We are coordinating with multiple security firms, bridges, and exchanges to contain the incident. This is not an April Fools joke. We’ll provide additional updates from this account as more information is available to share.

@FirstSquawk impossible

Nearly 40% of Americans said that they have less than $500 in cash savings, according to a recent survey-FOX 5 DC

@TrustlessState @_tolks their military decimated, but they control Hormuz, ok .... accomplishments made situation worse. Republicans losing midterms over this, then what happens to crypto ?

@_tolks > nothing really accomplished Idk dude I think we totally decimated a large amount of their military capabilities which was the stated goal in the first place

lolol what an absolute disaster so nothing really accomplished and the strait isn’t solved or open but at least markets are down 12% & oil is 100+ with no clear way to fix it? super cool!

@lamps_apple Why wait for April 6th to take the island or reopen the strait?

29 days. Navy destroyed. Missiles down 90%. 10,000 targets struck. Factories in rubble. Generals dead. Supreme Leader can't appear on video. IRGC recruiting 12-year-olds. Soldiers deserting with 10 bullets each. Everyone's asking "will Iran take the deal?" Wrong question. The deal was never the play. Five operations are running simultaneously and nobody's taking them seriously. Air campaign destroying everything that shoots. Internal security dismantlement... Basij, riot police, IRGC ground units... removing the regime's ability to survive its own people. Economic strangulation... steel plants, Caspian resupply port, defense industry, all gone. Diplomatic wedging... every time Trump claims progress, Ghalibaf denies it, exposing regime fractures in public. And force buildup... two MEUs converging mid-April, arriving exactly when Iranian resistance hits zero. The deadlines were never about a deal. They were the clock... letting Iran burn through missiles, drones, and morale it can't replace. One target. Kharg Island. 90% of Iran's oil on a single rock in the Persian Gulf. Take it and you don't bomb a power plant. You don't hurt the Iranian people. You sit on the regime's wallet, hold the only bargaining chip you can hand back at a signing ceremony, and wait for whoever's left to come to you. Iran already knows. They're mining the beaches and spending resources they don't have fortifying an island CENTCOM has already hit 90 times. When a regime that can't feed its own soldiers is preparing to defend one specific piece of geography... that's the objective. April 6 is the deadline. Mid-April is the convergence. And the 29-day air campaign the world has been watching was never the war. It was the siege before the siege.

@StealthQE4 @SpecialSitsNews He dgaf

Trump has to be in a complete panic. Market tanking along with his Presidency. What a mess.

@devahaz @garrytan Who was in the jury ?

I believe this guy should have been found guilty of murder. The jury disagreed. His defense was he was having a bad day and got angry because he thought this guy was looking at him. If you believe his own words to be true, how can that person be allowed unsupervised in society?

@coinasaurus oh?

prediction markets and Trump 2.0 have moved the overton window on insider trading from "it's a crime" to "who cares?" what happens when agents are the ones trading - who do you even charge?

@gabriel1 Or it needs to stop thinking they are at the top, but in survival mode

successful cultures become pessimistic because it's not natural to for humans to look into the future and imagine all the amazing things that can achieve if you think you are at the top, you can only look down and cling to what you got civilizations must have optimistic goals

@stevenfiorillo @litcapital You’re seeking sympathy for hardworking American from a foreign born and raised mayor whose constituents voted for him to get free stuff. Good luck.

As a lifelong, taxpaying New Yorker, I am extremely worried about the ramifications of the estate tax proposal on New Yorkers if it gets signed into law. I want to be clear up front; this isn't about politics for me. I'm not fighting for the billionaire class, and I'm certainly not one of them. What I am is someone who understands basic math, economics, and business, who has watched what happens when states push tax policy past the breaking point. Here's what's on the table right now: a proposal to reduce New York’s estate tax exemption from $7.1 million down to $750,000, an 89% cut while increasing the top rate from 16% all the way to 50%. This is embedded within a batch of revenue ideas sent up to Albany to try and plug a $5.4 billion hole in the city budget. I want to discuss who this estate tax actually hits, because it’s certainly not the ultra-rich. The ultra-rich weren’t exempt as only the first $7.1 million avoided estate taxes. A $750,000 threshold in the New York metro area is not reasonable. The median home price in New York City hit roughly $809,000. In Nassau County you're looking at $820,000. Suffolk County sits around $675,000. Westchester is $754,000. If you bought a house in the city, Nassau, or Westchester and you spent 30 years paying off that mortgage like a responsible adult, congratulations, you're now above the estate tax threshold. What’s even better is that you hit the threshold before even factoring in your 401k, life insurance, savings, a family business, or other investments. This isn't a tax on the wealthy it’s a tax on a retired couple in Bayside who paid off their split-level. It's a tax on the family that runs a deli in Astoria and owns the building. When you force those families to come up with 50% of the value above $750,000 after someone dies, what do you think happens? They sell. They liquidate. The house goes, the business goes, and the generational wealth that took a lifetime to build disappears in a single tax event. Family businesses which are the backbone of employment in neighborhoods all over this city get gutted. According to the State Department of Taxation and Finance's own numbers New York's tax structure is incredibly top heavy as millionaires paid 44.6% of all personal income tax collected in 2024. The top 200,000 filers covered 51.9%. The bottom half of all earners paid 0.2%. Think about how fragile that makes us. You don't need a mass exodus. You need a few thousand people to change their mailing address to Palm Beach or Austin and the budget math falls apart. Here's the part that really gets me though. The biggest victims of "tax the rich" policies aren't the rich. The rich utilize their resources and leave once they have had enough because their resources make them mobile. The people who get crushed are the ones who stay such as teachers, firefighters, nurses, and the small business owner. They can’t simply pick up and go. The harsh reality is that when the wealthy leave and the tax base shrinks, the city still needs the same amount of money to run the subways, pay the cops and keep the lights on. So where does it come from? It comes from everyone left behind as they are forced to pay higher taxes, and higher fees. What may bother me more is the double taxation piece. The money in someone's estate didn't just appear from thin air. They earned it and paid income tax. They invested it and paid capital gains. They bought property with it and paid property taxes every single year. They bought things and paid sales tax. Every dollar in that estate has already been taxed multiple times over the course of a lifetime. Now when they die the state wants to take half of everything above $750,000? At what point does it stop being a tax and start being confiscation? That's a genuine question I have because if you work your whole life, play by every rule, pay every tax along the way, and the government still takes half when you die what exactly was the point of saving any of it? A $750,000 threshold doesn't catch billionaires it catches the middle class. It catches people who were never wealthy, they were just disciplined. They bought a house, they didn't sell it, they put money away for retirement, and they wanted to leave something for their kids. Punishing that with a 50% tax rate sends a very specific message: the state believes your assets belong to it first and your family second. I don't care where you fall politically that should bother you. I'll say this very simply. When you tax people to the point where they feel targeted, they leave. When they leave the burden falls on everyone who can't. When that burden gets heavy enough, more people figure out a way to go. That's not theory, that's exactly what IRS data and Census numbers have been showing us for half a decade straight. New York is standing at a fork in the road right now. One direction is more punitive taxation with an increasing dependence on a shrinking pool of high earners who increasingly have one foot out the door. The other direction is putting forward competitive tax policy, fiscal discipline, and creating an environment where building wealth and creating jobs isn't treated like something the government needs to punish. I know which path leads somewhere good. I just hope the people making the decisions figure it out before there's nobody left to tax. @amitisinvesting @BillAckman @chamath @patrickbetdavid @PBDsPodcast