Ryan Sumpter

207 posts

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Ryan Sumpter

Ryan Sumpter

@ryan_sumpter1

Professional Blockchain Enthusiast // contributor @strangelovelabs // previously @akashnet_ // views are my own

Katılım Ocak 2021
150 Takip Edilen63 Takipçiler
Ryan Sumpter
Ryan Sumpter@ryan_sumpter1·
@lex_node @l_woetzel @brane_trix @axelar There may be litigation either way. But the legal risk of freezing assets that were provably obtained through fraud seems far less significant than the risk of knowingly allowing stolen assets to continue moving through the protocol.
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Carter L. Woetzel ❎
Carter L. Woetzel ❎@l_woetzel·
Enough is enough. @axelar there are $700k of hacked funds STILL SITTING on Axelar from the exploit on Secret. There are multiple examples in history of DAOs seizing hacked assets to help remediation. Your refusal to protect users is disgusting. mintscan.io/axelar/address…
Carter L. Woetzel ❎ tweet media
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Secret Network
Secret Network@SecretNetwork·
Privacy adoption comes down to three things: usability, security, and compliance. @Pememoni, the founder of @0xfairblock, argues that privacy should be seamless, practical, and built into the apps people already use. The challenge isn’t choosing one. It’s balancing all three.
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Secret Network
Secret Network@SecretNetwork·
Full details on the Axelar bridge incident: forum.scrt.network/t/security-inc…
Secret Network@SecretNetwork

We have identified an incident affecting assets bridged over IBC to Secret Network from the Axelar chain, with approximately $4.67M worth of tokens taken. Based on current information, the issue is isolated to the Secret-side ICS-20 smart contract of the Cosmos IBC connection between Secret and Axelar, used for assets bridged from Axelar to Secret. Immediately upon becoming aware of the incident, the Axelar emergency committee has disabled the Secret and Secret-SNIP connections. We're reaching out to the relevant exchanges and law enforcement agencies. The incident is isolated to assets on Secret bridged over IBC from Axelar. No other IBC connections or Secret tokens appear impacted. No other Axelar integrations are affected. Axelar’s core protocol is not affected. We're preparing a detailed post-mortem.

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Secret Network
Secret Network@SecretNetwork·
We have identified an incident affecting assets bridged over IBC to Secret Network from the Axelar chain, with approximately $4.67M worth of tokens taken. Based on current information, the issue is isolated to the Secret-side ICS-20 smart contract of the Cosmos IBC connection between Secret and Axelar, used for assets bridged from Axelar to Secret. Immediately upon becoming aware of the incident, the Axelar emergency committee has disabled the Secret and Secret-SNIP connections. We're reaching out to the relevant exchanges and law enforcement agencies. The incident is isolated to assets on Secret bridged over IBC from Axelar. No other IBC connections or Secret tokens appear impacted. No other Axelar integrations are affected. Axelar’s core protocol is not affected. We're preparing a detailed post-mortem.
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Ryan Sumpter
Ryan Sumpter@ryan_sumpter1·
@gregosuri on the waitlist! excited to put my idle gpu to use now that the industry has widely moved away from PoW consensus mechanisms
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Greg Osuri 🇺🇸
Greg Osuri 🇺🇸@gregosuri·
It’s super rewarding to watch Akash Homenode providers generating income by utilizing their gaming rigs to host AI workloads on Akash during periods of idle time. Future of AI is at home. 👉 Signup at homenode.akash.network for early access.
Greg Osuri 🇺🇸 tweet media
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NVIDIA GeForce
NVIDIA GeForce@NVIDIAGeForce·
007 First Light is going #RTXOn. To celebrate we're giving you a chance to win a custom GeForce RTX 5090. Your mission begins now: Comment your most iconic Bond memory to enter.
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Ryan Sumpter
Ryan Sumpter@ryan_sumpter1·
@gregosuri i think the original intention was that high usage would increase return for stakers, driving demand for akt. AKT 2.0 sent take fees to the community pool, which indirectly benefits stakers but decoupled staking rewards from usage. this new proposal should hopefully fix this 🚀
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Greg Osuri 🇺🇸
Greg Osuri 🇺🇸@gregosuri·
With pressure to solve stable payments for Akash users for leasing GPUs, we introduced multi-currency settlement with one major unintended flaw: it reduced demand for $AKT. We now have found a way to have stable payments along with every dollar spent on Akash driving demand for AKT, which is then burned to pay for compute. If this proposal is approved, we’ll have BME in testnet by end of October. In the coming weeks, we'll introduce a revamp of the incentive program that aligns emissions directly with usage. It's time $AKT gets a transformation.
Akash Network@akashnet

Introducing AEP-76: Burn Mint Equilibrium On Akash Bringing the BME token model to increase structural AKT demand and shrink the effective circulating supply of $AKT. With this model, every compute dollar drives AKT buys from the open market and burns it to pay for deployments, adding consistent AKT demand driven by usage. We believe Starcluster unlocks the perfect infrastructure to conduct training at planetary scale that will bring unprecedented demand to Akash. With decentralized training becoming a reality, we believe it's critical now to strongly align usage of the network with demand for AKT. 👉 Proposal: akash.network/roadmap/aep-76 Community feedback and participation are crucial to this model's success. We invite you to share your thoughts, concerns, and suggestions. Please join the discussion thread below to contribute. 👉 Discussions: github.com/orgs/akash-net…

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Ryan Sumpter
Ryan Sumpter@ryan_sumpter1·
the fairdrop killed cosmos. after its adoption there was little reason to accumulate it
Jack Zampolin@jackzampolin

@Dominator0081 @0xMagmar On second thought I don’t think this is right. I think the moment cosmos dropped out of the main drama and less people in the broader industry were talking about it that’s when things really went south.

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Joe | Dead Cat Media🎙️
Joe | Dead Cat Media🎙️@joe4deadcat·
My crypto timeline is starting to shift towards tokens of REVENUE GENERATING PROTOCOLS. There aren’t that many. 🫣 If there is a flight of capital into these, you will see some hit $100 billion market cap. Here are a few that I’ve isolated:
Joe | Dead Cat Media🎙️ tweet media
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Thomas Skinner ⚒
Thomas Skinner ⚒@iamtomskinner·
Hey, @grok, who was the most famous person to visit my profile? It doesn't need to be a mutual, don't tag them, just say who it was. Bosh❤️
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Michael Gushansky
Michael Gushansky@mikegushansky·
Do not hit my dm’s with “marketing services” on July 4 Please respect my privacy as I celebrate Merica chain smoking hot dogs
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Ryan Sumpter
Ryan Sumpter@ryan_sumpter1·
Team transitions as a feature, not a flaw. Proven handoffs like these show resilience and decentralization in practice—not just in code.
zmanian@zmanian

Moving core blockchain infrastructure code between teams every 3-5 years is good for the health and sustainability of the project. CometBFT transitioned teams 3 times. Cosmos SDK transitioned teams 4 times. It’s actually good for long term infrastructure to demonstrate that the team can transition.

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Michael Gushansky
Michael Gushansky@mikegushansky·
Just evacuated my family Hoping for the best
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Greg Osuri 🇺🇸
Greg Osuri 🇺🇸@gregosuri·
Gabrielle Arya Osuri. Born: 8th April, 2024 at 7.20 AM. Mother and baby are healthy and doing great!
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Ryan Sumpter
Ryan Sumpter@ryan_sumpter1·
meanwhile @akashnet casually revolutionizing healthcare by securing patient data through decentralized computing. nbd 🚀🚀
Akash Network@akashnet

Healthcare is a $7.98 trillion industry that directly impacts billions of people around the world. However, nearly all patient data is centralized within a few large healthcare providers. Today, the industry is taking a massive step forward. Solve.Care has chosen Akash as the primary way to access decentralized compute to power its Care.Nodes product — which enables patients worldwide to gain ownership of their most essential healthcare data. Learn more about how @Solve_Care is leveraging Akash Network: → akash.network/blog/akash-net…

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Ryan Sumpter
Ryan Sumpter@ryan_sumpter1·
@AdrianStarr108 @akashnet @Fidelity @Grayscale currently most resource leases are paid for with $AKT, which is then distributed to stakers and providers. just wait until more leases use USDC to settle... staking for stables 🔥🚀
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Adrian is a nobody
Adrian is a nobody@AdrianStarr108·
The $AKT token representing the @akashnet will trade over $20 this year and will still be seriously undervalued There is serious money coming into crypto and the #AI narrative will hit hard Noticed by @Fidelity @Grayscale Shit aint that hard to see
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Keşfet

@lex_node @l_woetzel @brane_trix @axelar @SecretNetwork @Pememoni @0xfairblock @gregosuri