magicinternetmike 🌥️🔮

The Drift hackers have now sent the funds used in the hack through Tornado Cash

These people---and anyone saying that 2/5 multisig is not a big deal---just fundamentally **do not** believe in crypto. They forget that one of the things 'crypto' is synonymous with is decentralization which is a fancy word for "a system with many decision-making nodes is more difficult for malicious actors since they have to infiltrate more machines". I guess saying that others in the space larping as CEX was just their projection of what they were doing.

Ships transiting the Strait of Hormuz have a convenient way of getting through safely now. 😅

Damn grok didn't push back at all and agreed. It's pretty bad if an LLM thinks that this is a loser response with 0 pushback. More: Real talk: In past cases like Euler Finance (~$197M in 2023), on-chain negotiation + bounty offers sometimes worked because it was arguably a white-hat or the exploiter got cold feet with funds still traceable and frozen in places. Here, the attacker moved fast, bridged via Circle's CCTP (which drew its own backlash for slow/no freezes), and the funds are already partially converted. "Ready to speak" with zero details on bounty, immunity, or pressure just looks like cope. Drift's team is clearly scrambling — they paused everything, coordinated with security firms/exchanges, and this is their public move. But the messaging is corporate-bland and low-energy for the scale of the loss. Users who got wrecked (or had exposure via liquidity/yield) want aggression: freezes, legal threats, bounty announcements with real numbers, or at least some transparency on how the durable nonces + multisig weakness happened in the first place. It's classic DeFi theater: on-chain "shout" that signals "we're doing something" without actually doing much that a sophisticated attacker would care about. If no reply comes (likely), it'll just fuel more "amateurs" memes.

Calling Drift a "decentralized exchange" was always funny to me. They used a Binance account much like Variational to just B-Book all the client trades and hedge it out on Binance Perps.

I'm noticing a lot of single women complaining about trust issues. I didn't really pay attention until I realized I have trust issues too. Mine just come from the market. The accumulated sense of betrayal sitting inside every trader feels a lot like a bad situationship, so I started wondering whether the cure might be hidden in dating advice. Let's apply relationship advice for single women to traders. Assume the goal for the single woman is to find a husband, and for the trader: to get rich. 1. Married friend "The best trades come when you're not even looking." 2. Reddit "This says more about the market than it says about you." 3. Friend group "The market is giving you unserious entries." 4. Therapist "You keep mistaking inconsistency for opportunity." 5. Dating coach "If the market wanted to fill your order, it would." 6. TikTok "Stop giving full conviction to a setup that has given you nothing but mixed signals." 7. Podcaster "You're operating from a scarcity mindset, which is why you keep attracting low-quality setups." 8. Manifestor "Have you tried being less attached to outcomes and more attached to flow?" 9. Tulum psychonaut "The trade is not the lesson. Your attachment to the trade is the lesson." 10. Stoic account on X "The market owes you nothing. Master yourself." 11. Christian "If God wanted you in that trade, your order would have been filled." 12. Spreadsheet girl "You need stricter entry criteria." 13. Girl who had one good year "I stopped chasing entries and suddenly everything changed." 14. Group chat girlies "Babes, the red flags were literally on the chart." 15. Incels "You deserve it for chasing toxic charts in your prime." 16. Toxic ex "You'll never get fills like this again." 17. Auntie "Nice boys exist. They're called treasury bills." 18. Slavic mom "Are you rich yet?" 19. Old-school "The market can smell urgency. Don't chase." 20. Glamorous aunt "The moment you need the trade to love you back, you're finished."

EBITDA (2026 edition): Earnings Before Iran, Tariffs, and Donald Announcements.

@jedisct1 But “coding is largely a solved problem” !!!

The state of Claude Code’s source code is not great news. It shows that a company you and your organization are trusting with your data, and allowing full control over your devices 24/7, is failing to properly secure its own software. It's a wake up call.

Fear not, our AI overlords will fix this. Soon there will be no more apps as we have grown to know them.

@thorstenball they've somehow become what whereby used to be

Still can't believe I now actually really enjoy using Google Meet.

YO, AMERICA! SHUT THE FUCK UP AND LISTEN TO YOUR PRESIDENT CAMACHO, BABY!!! I AM PLEASED AS SHIT TO REPORT THAT THE UNITED STATES OF AMERICA AND THE COUNTRY OF IRAN DONE HAD SOME REAL GOOD AND SUPER PRODUCTIVE CONVERSATIONS THESE LAST COUPLE DAYS 'BOUT COMPLETELY AND TOTALLY RESOLVIN' ALL THAT HOSTILE BULLSHIT IN THE MIDDLE EAST! BASED ON HOW THESE IN-DEPTH, DETAILED, AND CONSTRUCTIVE-AS-FUCK CONVERSATIONS ARE GOIN' (AND WE GONNA KEEP THIS SHIT GOIN' ALL WEEK LONG) I HAVE INSTRUCTED THE DEPARTMENT OF BLOWING SHIT UP TO HOLD THE FUCK UP ON BLOWIN' UP ANY AND ALL THEM IRANIAN POWER PLANTS AND ENERGY SHIT FOR A FULL FIVE DAYS, LONG AS THESE MEETINGS KEEP BEIN' THIS AWESOME! THANK YOU FOR YOUR ATTENTION TO THIS MATTER, BITCHES!!! NOW GO DRINK SOME BRAWNDO AND GET ELECTROLYTES, 'MERICA!!! PRESIDENT CAMACHO HAS SPOKEN!!! 💪🇺🇸

After eight years at the Fed, you'd expect Powell's pressers to contain actual substance. Instead we get: "We don't know." "Nobody knows." "We'll have to wait and see." These are direct quotes about the economy. Meanwhile, when it comes to his own position (amid an active investigation), the uncertainty disappears: "I have no intention." "I will make that decision." My favorite is the moral language he uses when defending himself, saying he's "serving the American people." No... you serve yourself. A serious central banker would at least attempt to get ahead of the productivity effects of AI. Instead we hear: "we haven't really started to see the effects of generative AI." More than three years after the release of ChatGPT. Wild. This is the typical corporate rhetoric of self-preservation. It's not public service, let alone leadership. Across eight years, Powell has always done the safest thing: – In the wake of COVID, followed the global central bank playbook – Called inflation "transitory" until forced to pivot – Delayed on AI until "data dependence" provides a clear signal – Now playing wait-and-see on the Middle East war Historically, the Fed has been criticized for being late on everything. Powell, with his legalistic mind, has turned that into a feature, not a bug. If the economy rolls over soon, Powell's Fed will yet again react with the safest option available: not what's needed—though it might coincide with it—but what's defensible. The Fed is currently leaning toward cuts, yet the economy may be heading into stagflation. At this rate, Powell may deliver one last policy error and a masterclass in avoiding accountability.

@urosnoetic @MorePerfectUS That's too much introspection. Move on

@MorePerfectUS Is this bait lol AI perhaps?

Billionaire Marc Andreessen says he has "zero" introspection, and that the idea itself is a modern invention.

A note from the future: In the intercrisis period of the early '20s, the West mistook a civilizational transition for a normal business cycle. Policymakers thought they were managing inflation and employment. In reality they were navigating the breakdown of the cheap-energy, low-rate, globally integrated order while simultaneously financing an unprecedented compute buildout. Geopolitical fragmentation raised the real cost of energy, shipping, and security. AI concentrated capital spending into a few firms and a few themes, masking weakness elsewhere. Central banks looked at lagging indicators while the structure of the economy was changing underneath them. Markets remained levitated longer than expected because the profits of the AI buildout were immediate for a narrow leadership cohort, while the costs of fragmentation and higher energy diffused slowly through the rest of the system. Eventually, the tension stopped living in the narrative layer of the market and migrated into the plumbing of the financial system...

@gumsays If you ask Claude to look at the validator repo history, you'll get something like: "The Solana is quietly evolving toward something that looks a lot like high-frequency trading exchange architecture rather than a classical blockchain." I don't think the risk is complacency.

“16 million exchanges?!” “This is called open source”

I'm sure those tokens were bought and paid for, @AnthropicAI just didn't like how they were used. Sounds like they were spying on they customers. Buy a tinybox where nobody can spy on you!

@urosnoetic @Austin_Federa

@Austin_Federa It's just late in both the crypto and business cycles and the little guy is first to get squeezed Institutional outlook will catch up

There's never been a period of time when institutions and suits were more excited about crypto. At the same time, crypto natives seem to in an endless cycle of depression. Who do you think is right?