Grungaloids

291 posts

Grungaloids

Grungaloids

@grungaloids

Grungaloids is a game in which you lead a tribe of genetically engineered snail goblins into a new dawn. But beware, the past lingers. Grungaloids!

Katılım Ağustos 2021
430 Takip Edilen95 Takipçiler
Redd
Redd@ReddCinema·
From kiss cam to forever in just 10 seconds
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mattytay
mattytay@mattytay·
On Bitcoin, Zcash, and Ore In the early days of crypto, countless Bitcoin forks tried to “improve” BTC by tweaking parameters in the protocol (eg Litecoin). None of them became viable non-sovereign SoV assets, in part because they lacked any true structural advantages. Zcash, however, integrated privacy directly into the L1 protocol. Whether it’s better to shield txns at a higher layer is debatable, but to me, that’s a genuine structural edge that Bitcoin doesn’t have. Ore is the first potential SoV asset that I’ve seen that has multiple structural advantages in that the system generates yield for long term holders and it is natively created on Solana. The @OREsupply protocol and asset being native to Solana means that it inherits all current/future Solana upgrades around performance, privacy layers, and DeFi composability. Since Ore is not an L1 itself, it does’t need to be involved in improving networking, execution, consensus, etc. So far, I have yet to see a viable path for wrapped assets to trustlessly (and without significant friction/fragmentation) become embedded in the Solana eco like native assets/programs. Obviously of the 3, Ore is by far the most experimental. But its advantages are really interesting and I believe it strengthens Solana itself to have a native, non-sovereign SoV asset at the core of its DeFi ecosystem. Regardless, Bitcoin will continue to become embedded in the financial system and remain top dog. But I believe it has merely opened the door. BTC will not be the only SoV asset to reach escape velocity in the 21st century.
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mattytay
mattytay@mattytay·
Companies with sensitive financial info typically section off data between various teams/depts/access levels. You would never let a call center in another country with different regulations around data privacy (why the offshore part matters) get full access to a customer transaction history + social security # + home address + passport/ID. You would allow them access to 1 or 2 identifiers. And there is no reason to allow for tying that info the transaction history or balance. I worked at Square for several years so I have some familiarity with how this is normally structured. The communication from Brian is good in the sense that they are not sending the ransom and are looking to make changes to the customer support system. However, he doesn't really address the main problem, which is around data privacy and who internally has access to all customer info (lose of funds is one issue, physical security is another). If basic opsec practices are not in place, it makes me worried about other potential operational issues at Coinbase. This is super disappointing as a user/supporter of the product since early 2013.
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mattytay
mattytay@mattytay·
BREAKING: @Colosseum will be moving away from the Solana ecosystem to focus on running hackathons for the massive developer community building on Cardano.
mattytay tweet media
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Horizonite
Horizonite@PhablixDev·
Tried to do a transition effect for rpg battles
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Grungaloids
Grungaloids@grungaloids·
@LouisOrigny For batch 1 does it have to go through bitgo or kraken? Or will an ach transfer be an option
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Louis
Louis@LouisOrigny·
FTX victims, get your act together! Do your KYC and upload your tax forms if you want to get your distribution! Deadline for being included in batch 1 is Jan 20
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clay
clay@crabbylions·
Feb 2023 @mattytay, @n8levine, and I started working on @colosseum At the time we were driven by the core of what we saw in the @solana ecosystem post FTX, our excitement to support builders, and some irrational optimism. I’m proud that all 3 elements remain today Accelerate.
clay tweet mediaclay tweet media
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The Cultural Tutor
The Cultural Tutor@culturaltutor·
Some of the strangest and most frightening paintings ever made: 1. The Dog by Francisco Goya (1823)
The Cultural Tutor tweet media
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Louis
Louis@LouisOrigny·
@MrPurple_DJ My view is that the one thing that mattered to most creditors was the distribution to convenience class. They are getting short changed big time.
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Louis
Louis@LouisOrigny·
Listening to the FTX confirmation hearing. Sounds again like they are moving away from Stable Coin distribution
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Tony V
Tony V@elveton101·
@grungaloids @bkclaims Investors/shareholders of FTX are going to come in and sue the estate so they can get some compensation for their bad investment. They will run up a huge legal bill that creditors will have to pay for and eventually just settle to get rid of them
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Thomas Braziel
Thomas Braziel@Bkclaims·
#FTX - This innocuous filing could spell trouble for customer recoveries—Celsius customers know what I mean. Equity holders are forming a group to potentially object to the bankruptcy plan.
Thomas Braziel tweet mediaThomas Braziel tweet media
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Grungaloids
Grungaloids@grungaloids·
@elveton101 @bkclaims I don’t suppose you could elaborate on this part of the bk for someone out of the loop. Who is objecting and why?
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Tony V
Tony V@elveton101·
@bkclaims They're going to burn 3-4 months and then walk away with like $50m 🤦‍♂️🤦‍♂️🤦‍♂️
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Grungaloids
Grungaloids@grungaloids·
@CoinDesk @shauryamalwa Didn’t the bankruptcy proceedings already squeeze everything out of FTX and Alameda? … I am confused 😓
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CoinDesk
CoinDesk@CoinDesk·
FTX and trading firm Alameda Research will have to pay $12.7 billion to its creditors as a New York judge officially approved a consent order on Wednesday. By @shauryamalwa. trib.al/eUnjaf2
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Nikodem Lokatelj
Nikodem Lokatelj@BarrierXI·
@grungaloids They would take the logs if the tree was close enough, but the logs are spawned in random directions from the tree. Maybe you could lure or push him to the tree 🙂
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Grungaloids
Grungaloids@grungaloids·
@wassielawyer @gonbegood It’s v unfair obviously but would there be another path forward that would *realistically* get better returns for customers? I don’t see it
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wassieloyer
wassieloyer@wassielawyer·
This. @gonbegood fucking nailed it. SBF robbed you once illegally and S&C/JR3 robbed you again with exactly the same playbook but within the Ch 11 process. And you won't care because you are tired of being robbed and just want money to ape your memecoins now.
gonbe@gonbegood

@wassielawyer FTX debtors literally repeated SBF’s playbook but legally(ish): > liquidate retail at an arbitrary price of their choosing; > pump their own bags and dump on retail; > use retail (trust) funds as their own balance sheet funds; > give egregious salaries and paydays to insiders;

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