Christopher Mooney

Sarah Paulson wears dollar bill over her eyes to call out the ‘One Percent.’ The actress, who is worth an estimated $12 million, used her outfit to call out the world’s elite while attending the $100,000 per person Met Gala.

rsETH hole filling tracker: Hole: 112204 rsETH = 118.4k ETH Lido: -2.5k ETH Etherfi: -5k ETH Arbitrum freeze: -30.7k ETH Ethena: Didn't say how much, assume -1k ETH Excess rsETH in aave / coumpound: ~-15k ETH Stani personal donation: -5k ETH Layerzero: Didn't say how much, assume -5k ETH Mantle: -30k (!!!!) Kraken / Ink: Didn’t say how much, assume -5k eth Golem: -1k eth 23.6k ETH left to find

I'm dropping a thread of all the protocols that had to freeze their interop because of LayerZero being compromised. Let's go:

AI is now writing malware that is invisible to the human eye Only other AIs can read it Where do you think this ends?

Unrealized gains tax for Gen-Z: You buy a Pokémon card for $50. Someone offers you $500 for it. You say no. You love that card. You're keeping it. The government says: "Cool, but that card is worth $500 now. You owe us $100 in taxes." You: "…I didn't sell it." Government: "Don't care. Pay up." You don't have $100 lying around. So you're forced to sell the card you love just to pay a tax on money you never received. Next month? That card drops back to $50. Your card is gone. Your money is gone. And the government shrugs. That's a wealth tax on unrealized gains. They don't pay you back the tax... Now picture this. Your mom calls you crying. She has to sell the house she raised you in. Not because she can't afford it. She's lived there 30 years. It's paid off. But some website says it's worth more now and the government says she owes $15,000 she doesn't have. So she sells your childhood home. The kitchen where she made you breakfast. The doorframe where she marked your height every birthday. Gone. To pay a tax on money that was never real. Now picture the opposite. Your dad put everything into his small business. For 20 years he built it from nothing. One year the business is "valued" at $2 million on paper. He owes a massive tax bill. He empties his savings. Sells his truck. Borrows money. Pays it. Next year the market crashes. His business is worth $200,000. He lost everything to pay a tax on a number that doesn't exist anymore. Does the government give him his money back? No. Does the government give him his truck back? No. Does the government care? No. They sold this idea as "taxing billionaires." But billionaires have armies of lawyers, offshore accounts, and trusts. They'll be fine. You know who won't be fine? Your mom. Your dad. Your neighbor with a small business. The farmer down the road who's had the same land for four generations and now has to sell it because dirt got expensive. You're not taxing wealth. You're taxing people for owning things. It's like getting a parking ticket for a car you might drive somewhere someday. They want you to own nothing and be happy. To fund the fraud, waste and abuse of the welfare state they created. There is enough money. More tax isn't needed. It's all a lie. But you've been gaslit into believing this is a rich vs poor debate. I hope you understand what's at stake.

Maine spent $730k via a no-bid contract on four landing boats from a Washington-based builder. Why didn't the State have a competitive bidding process for this?

The argument in the post is commonly said, but not entirely accurate. tl:dr, the Genius Act says stablecoins are backed one-for-one by Treasury Bills. So, increased stablecoin issuance creates demand for Treasuries and lower interest rates. So, where does the money come from to purchase a stablecoin? Suppose the funds are already in the financial system (i.e., a bank account or money market fund). In that case, it is just a transfer from one account that is backed by government securities to another account backed by government securities. The net change in Treasury demand is zero. Every American buying Stablecoins is not increasing Treasury demand. If it comes from outside the U.S. and is denominated in a foreign currency, they could, in theory, create new demand for Treasuries in dollars. How much of this still exists? Tether has been around for almost 12 years. People in developing nations were not waiting for the Genesis Act to have the confidence to put their life savings into stablecoins. If they were going to do this, they moved to Tether many years ago because its risks were lower than those of their unstable national currency and unsafe banking system. --- Further, this argument that the Genuis Act was secretly concocted to create Treasury demand is part of the reason this bill is not good for the crypto community. It was not to make stablecoins a better version of US dollars in regulated financial accounts. Instead, it is a way for the Tradfi system to assume control of these Stablecoins for its own selfless reasons, like funding a bloated Government, and making sure they cannot compete with bank deposit accounts (by not allowing interest to be passed to the Stablecoin owner.) If Blockbuster had bought Netflix in the early days, it would have killed it. If Yellow Taxi had bought Uber in the early days, it would have killed it. To me, the Genesis Act is trying to do this via regulations on Stablecoins.