dharmadrudge⚡️💎

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dharmadrudge⚡️💎

dharmadrudge⚡️💎

@sovereignsol

Unborn. Decentralized. Non-Dual. Accelerated.

Copper Mountain Katılım Ekim 2023
2K Takip Edilen588 Takipçiler
dharmadrudge⚡️💎 retweetledi
boone
boone@BooneW·
boonetool #5 is live Tracks how much @RujiraNetwork has earned @THORChain Base Layer thus far
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CyberSatoshi 𓆙
CyberSatoshi 𓆙@XBToshi·
cross-chain is a literal meat grinder. look at that track record. six completely different vectors. smart contracts. consensus code. deepfakes. pure mathematical cryptography. building actual permissionless native swaps is a death march. TC chose the absolute hardest path and paid the iron price in blood and stolen funds. look around at the other "survivors". it's a tragedy. layerzero watched $290m get drained from kelpdao last month via poisoned RPC nodes. their whole defense was just blaming the dapp for a weak verifier setup. modular security just turned into modular accountability. passing the buck doesn't secure the dark forest. now everyone has ptsd. every major project is rushing to integrate chainlink CCIP. i totally get the panic. surviving these hacks is exhausting. but let's call CCIP exactly what it actually functions as: web3 SWIFT. you get the chainlink brand. you get the ultimate safety net. but you hand over the keys. their risk management network can literally hit a kill switch, halt transactions, and censor the bridge at any moment. a perfectly secure, permissioned walled garden. these projects pivoting to CCIP aren't upgrading their tech. they are buying insurance. they raised the white flag actually already. we traded the permissionless utopia for bank-grade censorship. true decentralized routing is just too brutally hard to build. the endgame for 99% of bridges is just rebuilding traditional banking on-chain. massive respect to the few still trying to build uncensorable dark infra. it's a lonely road.
Vadim (AI, ⋈)@zacodil

Thorchain has been hacked six times in five years, and not once the same way. Each one through a different layer of the architecture. 2021 - Smart contract bug in the ETH Router. Attackers tricked Bifrost into reading manipulated msg.value events. ~$15.5M across three exploits. 2022 - Validator software bug. Non-deterministic behavior across nodes triggered a 20-hour outage. 2023 - TSS keygen vulnerability. Devs admitted a malicious validator could have drained vaults during a prior key generation. Network halted preemptively. 2025 (Jan) - Economic design failure. THORFi's lending model required RUNE to keep outperforming BTC/ETH. It didn't. $200M trapped. 2025 (Sep) - Social engineering. DPRK ran a Telegram deepfake on co-founder JP, extracted his MetaMask keys from iCloud Keychain. $1.35M lost. 2026 - TSS cryptography flaw. A malicious validator exploited the GG20 implementation, leaked key material across signing sessions, reconstructed the vault key. $10.7M drained. Plus: ~$605M of Bybit/Lazarus stolen funds laundered through in 2025. Validators voted to block, reversed under "code is law" pressure. Six distinct vectors: smart contract code, validator software, TSS keygen, economic design, social engineering, TSS cryptography. ~$227M directly lost or trapped. The architecture keeps finding new ways to fail.

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Chad Barraford
Chad Barraford@CBarraford·
Its wild to me how divisive @THORChain seems to be. This protocol solved a "holy grail" problem the industry desperately needed to be solved and achieved "the impossible". Any coiner should be in appreciation for achieving something that we all use & take for granted today
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Joel Valenzuela
Joel Valenzuela@TheDesertLynx·
There's a good reason THORChain's being smeared online after the recent exploit: symbolism. The protocol has become the symbol of permissionless finance. When it dared to try to resist censorship, it painted a massive target on its back. Now, people who champion permissioned protocols are piling on, because permissionlessness is a threat to them. And yes, even architects of other permissionless protocols are joining in out of pure envy. THORChain is technology filled with innovation and genius, flaws and mistakes. But, like it or not, in this moment it represents much more than just itself. Stand with the THORChads, not because you like them, but because right now, they're at the front lines of the war for freedom. Asgard calls for aid.
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JP
JP@jpthor·
I'm going to livestream the working $XMR on the chainnet Will demo full chain deploy, keygen, churning, add liquidity, swaps, refunds, gas accounting, consolidation, migrations and more. Suggest best way to do this please
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THORChain
THORChain@THORChain·
64.4M $RUNE just burned. Total supply is now 360M, within 3% of circulating supply. MC/FDV at 97%. That's down from 1 billion at launch, to 500M, to 360M today. 5% of all fees keeps burning daily. $RUNE is deflationary by design. More data on @Dune : dune.com/thorchain/thor…
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THORDEX
THORDEX@thordex_ipfs·
Introducing: THORDEX fiat on/off ramp Buy crypto with fiat. Sell crypto back to fiat. P2P trades secured by zkTLS leveraging @peerxyz. This is just v1. v2 closes the gap with CEXs entirely.
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Migaloonatic
Migaloonatic@Migaloonatic·
bRUNE starts to accumulate in the $RUJI staking contract. What if? Enshrined oracles + tightly managed CCL bRUNE- RUNE LP + bRUNE lending + bRUNE collateral for stable token minting + auction style liquidations using that stable token (Kujira style). Potentially robust?
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BiorLabs
BiorLabs@BiorLabs·
If you caught Saturday's livestream, you already know. Card backend is done. Frontend and security checks next. What is the first thing you're buying with the cards?
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Runemir
Runemir@RunemirQi·
There is only one ecosystem that has a chance to build on top of Terra's legacy and the same principles. Thorchain and Terra used to walk the same path, sharing a similar vision as their communities practically merged. IMO, Rujira is the missing piece of the puzzle to get this going again. Many have given up, which is not surprising; both communities have endured brutal setbacks, and many have lost everything. The weight of the past is now gone but not forgotten, and only true believers remain. I don't know about others, but I'm ready for another ride. Haters gonna hate, but that is entirely their problem. $RUJI $RUNE
Haily Copper 🚁@HailyCopper

It’s wild they gave @stablekwon 15 years. Look, I was a heavy investor in $Luna terra-luna:native in the early days, buying well below 50 cents and riding it all the way up past a $100. I believed in the vision letting regular people like all of us act as our own central bank instead of feeding a selected few. Station, Anchor, Mirror, plus more all of it was light years ahead in UI and growing like crazy. They didn’t take him down because he was a fraud. They crushed him because it was working too well and growning way too fast. Do Kwon himself always said he was a heavy investor in THORChain, and now you can clearly see why. His project ultimately failed, and they made an example out of him. But this right here is our second chance, and I genuinely believe it’s where people can actually benefit this time. @THORChain , built by @jpthor and @CBarraford Over 90 fully decentralized nodes and growing! staying true to that pure Bitcoin ethos no single point of failure, no one in control. You can swap native $BTC for native $ETH or any other crypto, straight from your wallet, no wrapping, no bridges, no middleman. Liquidity providers earn real yield from real trading fees. It’s survived every crash and come out stronger. Now @RujiraNetwork $Ruji is on top, bringing collateralized lending, arbitrage, on chain orderbooks, and even a Bitcoin backed stablecoin in the works. Everything fully decentralized, all in your own control. This isn’t just another fake defi play. This is the real shot for normal people to win in a new financial system. The elites got their scapegoat from @stablekwon. They’re not getting this one. God bless @dokwon and his family. We know what his true intentions were. If you’ve been waiting for the right moment, this is it. Don’t sleep on THORChain $Rune and Rujira $Ruji. I see this as the nextbig chance we the people have. God bless 🙏

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Station 🛰
Station 🛰@StationWallet·
Something is coming in 48 hours. If you were a Station user, we've got something for you.
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Oleg Petrov
Oleg Petrov@ol3gpetrov·
I have heard and read a few times recently about Thorchain efforts to bypass SwapKit's 25bps markup. I'm not sure where that figure comes from, SwapKit never charged 25bps. Our previous fee structure capped at 20bps, now it's even lower. Most fees are public and easily visible on any explorer. We publicly advertise our stablecoin <> stablecoin fees being only 1 basis point. Thorswap is SwapKit's top Thorchain integration and the SK fee is only 5bps. Weekly rolling numbers show 6.25bps across all integrations. If you still want to start a new business and compete on 6bps, bring it on 💪 blog.thorchain.org/live-from-bitc…
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boone
boone@BooneW·
Far too many these days are missing the crypto forest for the trees. Crypto exists and has value only and because there are serious unavoidable systemic and structural problems with fiat. Fiat money is not value neutral. We have been locked into the fiat system for so long that most just take it as a given - the proverbial fish not being aware of the water they're swimming in. Taking it as a given, most of us are blind to the human costs inherent to it. Most damningly, fiat money (and the central banking apparatus that enables unlimited creation of it) removes the natural fiscal brakes that would otherwise constrain governments from launching or prolonging expensive wars. Under a commodity-backed or "sound money" system (like the classical gold standard), war funding required either raising taxes (politically costly and visible to citizens), borrowing from real savings (which competes with private investment), or running out of hard assets—making large-scale, indefinite conflicts far more difficult. In his books The Bitcoin Standard and The Fiat Standard @saifedean summarizes it starkly: "Under the gold standard, governments fought until they ran out of gold and could no longer tax the population. Governments can fight under the fiat standard until they have appropriated all the value held by their citizens’ money." To put it simply, fiat money has caused the deaths of millions of people. As if that wasn't enough, that is not the only ill fiat imposes on us. Also very seriously, fiat is a system of surveillance and control. Governments are debanking their citizens with greater and greater frequency, and this trend is all but guaranteed to continue. The threat of programable money and CBDCs looms large. New fiat money does not enter the economy uniformly. Those closest to the source (banks, governments, large financial institutions, and asset owners) receive it first and spend it before prices adjust, capturing real resources. Later recipients (workers, pensioners, the poor) face higher prices with devalued currency. This "uneven distribution" is blamed for widening wealth gaps, enriching elites while ordinary people fall behind. Fiat money undermines virtues like thrift, prudence, and long-term planning. It rewards debt, speculation, and consumption while punishing savers. It is against these ills that any competing system of money must be judged to give it fair reckoning. The dream of crypto is to separate money from the state. To do so, it must be usable in a way that Bitcoin and Ethereum are not. Public blockchains are not functional for everyday life. No one would expose their net worth and transaction history to everyone they have an economic interaction with or anyone who might be curious. For crypto to actually be useful - for it to ever have a chance to replace deadly fiat - it must be private. But onchain privacy has real costs as well: you can't have privacy onchain without money laundering. Money laundering causes real harm. It allows bad actors to profit from activities that cause serious harm, most notably human and drug trafficking, as well as propping up tyrannical regimes such as the DPRK. These are real and serious costs, and they must be deeply considered. There is no way to objectively compare these two sets of costs, but in the final analysis onchain privacy is likely the lesser of two evils. Privacy is a fundamental human right and ultimately is worth the cost of facilitating money laundering, similar to the right to bear arms. Will some people use guns to do bad things? Yes of course they will. Does that mean people shouldn't be allowed to own guns? No, of course not. A minority using guns to do bad things is the unfortunate price that must be paid to have liberty. Likewise money laundering is the cost of citizens having a meaningful check on the power of the State and sovereignty and autonomy in their personal affairs. @THORChain integrating $XMR will grant real privacy to $BTC and $ETH and meaningfully advance us towards a future where State and Money are no longer synonymous. Most people in crypto are here to make a quick buck THORChain is here to usher in the peaceful revolution against the tyranny of the State
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THORChain
THORChain@THORChain·
Writing code isn't a crime. Building tools that protect financial privacy isn't a crime. And yet Keonne Rodriguez is serving 5 years in federal prison and William Hill is serving 4, for building @SamouraiWallet. We stand with Keonne and William. We will be hosting a conversation with Keonne's wife to raise awareness for their case and make sure their story is heard. Date coming soon. In the meantime, if you want to support them: Donate in $BTC: pay.zaprite.com/pl_JpxtkLv95T TRON address: TSVokTtigemjzhg5BhCK8FYwbYgQDQhsCP
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Rayyyk
Rayyyk@raynalytics·
.@THORChain's POL just crossed 3M $TCY. The engine: → TCY/RUNE pool fees buy TCY → Yield from unclaimed TCY buys TCY → POL's own yield buys more TCY Constant buy pressure. Self-funded. Steady accumulation.
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Runemir
Runemir@RunemirQi·
Believing in something is more effective than insisting on epistemological evidence that something is true. Believing in something is actionable; you can get almost an instant result from it. Waiting for evidence is a non-actionable, passive state of existence.
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dharmadrudge⚡️💎@sovereignsol·
@TheBreakdownBW @bax1337 @dcanellis This post is disinformation. The Lazarus narrative is a scare tactic that ignores billions in legitimate volume. The admin keys were removed awhile ago and validators voted to keep the protocol neutral. That's not a flaw, it's a feature. Try researching instead of fear-mongering.
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The Breakdown
The Breakdown@TheBreakdownBW·
THORChain's biggest user, by a lot, is North Korea. They had admin keys. They used them once to shut down lending. Then they removed them. @bax1337 : "They could still add a lot of friction for DPRK. They just don't want to." @dcanellis
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