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hadalj.eth
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hadalj.eth
@hadalj
“You make most of your money in a bear market, you just don’t realize it at the time”
Katılım Şubat 2010
1.1K Takip Edilen790 Takipçiler
hadalj.eth retweetledi

A lot of people mentioning the difficulty adjustment. Yes, it's common knowledge. I wrote onchain models using it 7+ years ago.
The point is we have never seen a scenario where 100% of Bitcoin miners are unanimously and voluntarily pivoting away from Bitcoin and telling the market they expect the majority of their revenue to be from something else in the future. Several have fully stopped investing in bitcoin mining altogether.
That's not a normal miner capitulation event where you might see 20-30% max give up on Bitcoin max. If they follow through with their plans, it's a significant wipe out of bitcoin security and energy value.
These companies are worth over $100B and have been in BTC many years. You don't just exit stage right unanimously like that when you think the future of bitcoin mining is bright.
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This is a wild and concerning trend for Bitcoin.
This is far worse than I had realized.
This is a list of all the major public Bitcoin miners.
ALL have made statements to pivot to AI.
ALL are targeting major shares of revenue from AI from here, not Bitcoin.
On average current Bitcoin revenue is expected to drop from 90% to just 30% in the next 2-3 years!
Do you see a pattern?
The stocks doing the best in recent years all jumped into AI big time.
Those with 80%+ AI share of revenue targets saw their stocks climb up over 500% on average. Those targeting <60% AI revenue saw 1/10th the growth, with many having negative 2 year returns.
The message is clear.
If these numbers are even half accurate, and they are based on direct company statements, the energy and commitment to Bitcoin is under significant threat over the next 2-3 years. All while Quantum computing is taking off and poses an existential threat to Bitcoin unless we change the code.
Many of these miners are not even planning to upgrade or renew Bitcoin mining hardware at all, simply running out lifespan of the existing and reinvesting only in AI.
The market has been voting with its feet.
Now the miners are voting with their feet.
Just as Bitcoin is about to approach its biggest ever threat in the coming years, the backbone of its security is leaving the industry.
Bitcoin used to be famed for having the biggest computing network in the world. It's now collapsing into AI at record pace.

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@TraderMercury please can everyone stop being bullish for sake of my bags
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run it, turbo.
goodluck to all.

Mercury@TraderMercury
in theory, as people digest the bullishness in equities and get more comfortable, they should want to divert to higher-beta for more aggressive plays crypto is perfectly poised to see some kind of rotation sooner or later if we don’t, I really don’t know what to say…
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hadalj.eth retweetledi

$760M short on oil. Placed 20 minutes before the Hormuz announcement.
This is the 3rd time.
March 23: $500M short — 15 minutes before Trump delayed Iran strikes. Oil dropped 15%.
April 7: $950M short — hours before the US-Iran ceasefire.
April 17: $760M short — 20 minutes before Hormuz declared open.
The CFTC is investigating.
The ‘peace trade’ was sold to retail. Someone else got out first.
Who knew?
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@arkham Useless posts like this are reason for all the pumpfun coins and retards who think they can also turn 1eth into half a mill
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hadalj.eth retweetledi

Important note: we need to thank @zachxbt for the prompt alert on this case.
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@TheSurvivalPodc @saylor wow someone cant comprehend that someone with eth handle can also be bitcoin bull
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If this makes you uncomfortable, it’s working. $STRC
Michael Saylor@saylor
You weren’t meant to live an uncomfortable life. $STRC
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And folks are worried about Satoshi's coins being sold...
Market will absorb them just fine.
Spoonful of cement, and harden up.
James Van Straten@btcjvs
All in all, almost 900k BTC were purchased in the $60k-$70k range. $70k is now the second biggest supply band (2.7% of the supply). While, before the October all-time high it had just (0.18%).
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hadalj.eth retweetledi

“Nice piece”
Jeremy you are falling for AI slop.
The current meta is to publish AI generated governance posts or long form articles to farm engagement for credibility.
Believe it or not all of these third world airdrop farmer accounts did not suddenly become academic researchers overnight.
Uploading a white paper or article to Claude or OpenAI and having AI rephrase as original think pieces has somehow fooled so many teams / founders.
That diagram is 100% Claude generated. The punctuation on the governance forum is unnatural and also has AI characteristics such as “it’s not X it’s Y”
As proof here’s me uploading the Arc lite paper to Claude and prompting it to create a diagram with a similar result:



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NEW: Iran has directly denied Trump's claim that it agreed to hand over its enriched uranium, with a source close to Parliament Speaker Ghalibaf saying "no form of nuclear material transfer to America has been negotiated."
A second Iranian source called it "another lie," adding that "no major progress has been made" and that continuation of talks is contingent on "compliance with all of Iran's conditions."
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A security researcher just documented a large-scale counterfeit Ledger Nano S Plus operation selling compromised devices across multiple online marketplaces.
The fake units look identical to the real thing but contain completely different hardware. Instead of Ledger's secure element chip, the counterfeits run an ESP32 microcontroller with modified firmware labeled "Nano S+ V2.1." Seeds and PINs are stored in plain text and transmitted to attacker-controlled servers. Any wallet initialized on the device is drained.
The operation goes beyond the hardware. The sellers also distribute a fake version of Ledger Live built with React Native and signed with a debug certificate. It intercepts transactions and exfiltrates sensitive data to multiple command-and-control servers. The campaign spans five attack vectors: compromised hardware, Android APKs, Windows executables, macOS installers, and iOS apps distributed through TestFlight to bypass App Store review.
This comes days after ZachXBT documented a separate fake Ledger Live app that made it through Apple's Mac App Store review process. That operation drained over $9.5 million from more than 50 victims, including musician G. Love, who lost 5.92 BTC after entering his recovery phrase into what he believed was the legitimate app.
The pattern is clear: the attack surface for hardware wallet users has shifted from firmware exploits to supply chain and distribution fraud. The devices themselves remain secure. The problem is that users are being intercepted before they ever touch a real one.
Ledger's own "genuine check" feature can be bypassed when the hardware itself is compromised at the source, which makes where you buy the device as important as how you use it.
The rules haven't changed, but they've never been more important: buy hardware wallets only from the manufacturer. Never enter your recovery phrase into any software. If a companion app asks for your 24 words on a screen, it's a scam. Every time.

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hadalj.eth retweetledi

@KienNguyen_NFT Remember how I warned people of the risk and you replied to me “zachxbt washed up scammer stfu” because you held the token and promoted it?
Only took 2 months


Kien Nguyen@KienNguyen_NFT
@geoffreywoo @zachxbt @AntiHunter59823 @bankrbot @zachxbt washed up scammer stfu
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