xSpaces

1.8K posts

xSpaces banner
xSpaces

xSpaces

@xSpac3s

🎙️ High-signal Web3 Spaces - Tue 1PM 🧠 200–300 avg listeners, 1K+ peaks | Since 2023 💼 Book guests/sponsors: [email protected]

Everywhere 👀 Katılım Ocak 2023
388 Takip Edilen1.9K Takipçiler
Sabitlenmiş Tweet
xSpaces
xSpaces@xSpac3s·
🔒 12,000+ tuned in to hear founders tackle one of Web3’s biggest threats: Security 🎙️ This is xSpaces — real builders, real talk. ✅ Live every Tue + Fri @ 1PM EST 💼 Sponsors & guests: xspaces@dbcrypt0.com 🎧 Listen + follow if you value real Web3 talk.
xSpaces tweet media
xSpaces@xSpac3s

twitter.com/i/spaces/1OyKA…

English
5
4
18
4.2K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
I've defended MultiversX's tech for years It is best in class, no question But after watching the market pump centralized chains while billions vanish to hacks I'm starting to wonder if true decentralization even matters anymore Supernova has continued delays and best guess is now mid Q3, maybe Q4 Over a year behind schedule Many are panicking or criticizing the delays but why? The alternative is rushing broken code to market And we've seen that movie play out dozens of times Security has to be #1. Always. A single critical bug can kill a protocol overnight User funds gone Trust destroyed Game over So yes, the delays are frustrating But I'd rather wait than watch another hack wipe out everything that’s been built Here's what keeps me up at night though MultiversX can scale to millions of TPS across 3300+ nodes running on minimal hardware Truly unmatched in the space when coupled with sub second finality But will anyone care when it finally ships? Web3 is drifting toward "acceptable centralization” Single sequencers are rationalized A hundred nodes controlled by a handful of entities is called decentralized Centralized bridges settling on decentralized chains? No one blinks If that's where we're headed, what's the market for a truly decentralized, infinitely scalable chain? I used to think this was a certainty but now I'm not so sure What I do know is that we are still incredibly early There are no winners yet. Not even close. MultiversX built the foundation for the most secure, scalable, and decentralized chain in existence That still means something The question is whether the world will eventually realize it matters
Beniamin Mincu |🇺🇸/acc@beniaminmincu

200+ Improvements And Fixes. The Security Marathon Continues We've completed a deep review of every internal and external audit submission received for SUPERNOVA, and finalized implementation of all critical fixes and improvements identified, applying them first and foremost to the production mainnet. A new mainnet security advisory will follow next week. Beyond this release, focus shifts to hardening SUPERNOVA and bringing it above parity with the critical improvements and fixes already battle-tested in production on mainnet. I’ll state this once again for posterity: expect exploits of every kind to continue hitting networks and open-source projects across the space, until the hardening of foundational protocols is taken as the life-or-death matter it is. Every hour invested in security today compounds, saving real money and invaluable time that would otherwise be lost to bad actors hunting for low-hanging fruit. P.S. At the end of this week I'm stepping away from X for 2 - 4 weeks. When I'm back, I'll share the SUPERNOVA RELEASE TIMELINE.

English
21
51
245
10.8K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
🚨 Most creators are still playing the old X monetization game…and it’s quietly killing their payouts Nikita dropped the new rules in replies almost nobody reads and I had AI comb all 243 posts Here’s what actually matters now ⬇️ Bookmark this for next payout cycle
DBCrypto@DBCrypt0

x.com/i/article/2054…

English
2
7
14
992
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
This hardware wallet sold out in hours and I totally understand why Check it out to see what I love about this thing as well as one thing I'm not entirely sold on @suiballO let me try a demo unit and it's impressive Keep an eye out as they may open additional pre-orders soon
English
8
27
73
3.6K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
Nobody wants to admit it, but most chains announcing huge volume milestones are lying Straight up 10 wallets trading back and forth can fake trillions in a weekend Here's exactly why Web3 still does this, and what winning chains will do differently ⬇️
DBCrypto@DBCrypt0

x.com/i/article/2008…

English
10
11
42
2K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
DeFi got absolutely crushed this month with over $600M drained @DeepBookonSui is out to change that Built into the protocol level to avoid the most common attack vectors and improve experience No bridges No external oracles No admin keys The way DeFi is meant to be!
English
6
3
26
2.3K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
$600M drained in 20 days because most DeFi is built on broken foundations @DeepBookonSui was built different: Zero bridges Zero external oracles Zero admin keys Just native liquidity on @SuiNetwork doing what the rest of DeFi can't. Safe by design. youtu.be/7mPmL-QaipM
YouTube video
YouTube
DBCrypto tweet media
English
9
13
61
3.9K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
$290 million gone And all anyone can do is point fingers Protocols blaming each other for their own incompetence 🤦‍♂️
DBCrypto tweet media
English
8
9
38
1.4K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
Potential catastrophic hack involving @hyperbridge and $DOT $1 BILLION in Polkadot tokens minted out of nothing Dumped for just $237,000 The only saving grace from absolute chaos was lack of liquidity Here's exactly what happened: Someone forged a cross-chain message on Hyperbridge's EthereumHost contract The state proof check which is the ONE thing standing between a valid message and an unlimited mint, stored an all-zeros commitment The bridge processed it as legitimate So the attacker called changeAdmin on the bridged DOT contract and gave themselves full control 🤯 They minted 1 billion tokens in a single transaction and routed through Odos Router V3 into Uniswap V4 108 ETH out, roughly $237K That's it! The only reason this wasn't a total DOT killer? The pool was too shallow and 1 billion tokens overwhelmed the available liquidity and the price collapsed instantly Basically just good luck and certainly not good security measures And before anyone calls this an edge case: Ronin: $600M Wormhole: $320M Nomad: $190M Drift: $280M last month Same attack surface, different day Bridges hold admin-level control over token contracts on destination chains. One validation failure doesn't just trigger an alarm, it hands someone the keys to the mint CertiK confirmed the attack vector already Hyperbridge hasn't said a word about whether other bridged token contracts using the same gateway are vulnerable This is the bridge problem and we're nowhere close to solving it 😕 Mass adoption? We can't safely move assets between chains because most bridges and overall Web3 security standards are a dumpster fire Today's $237K accident is next month's $237M
DBCrypto tweet media
English
10
11
47
3.6K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
$ION just showed us exactly why retail keeps losing Not because of bad luck but because the game was rigged before we even knew we were playing Here's what happened: For 4 years, Ice Network built a massive community Funded itself through a secret deal with one "service provider" who held a massive amount of tokens No disclosures No transparency Just your typical ‘trust me bro’ That provider dumped and the token is down 87% in 7 days 📉 The CEO's explanation? The provider "got spooked", claimed his tokens, and sold it all Apparently even losing money on the deal and I’m sure we all feel bad for him 🤨 Except the project spent $18 million over those 4 years. No salaries. No bank account. Operating out of the BVI. All funded by this one mysterious counterparty who took tokens instead of cash Now they're burning $400K/month and need to sell treasury tokens to survive And if the community doesn't show enough confidence, they'll shut it down We will see MANY projects in the same position this year Oh, and buried at the bottom: exchange extortion claiming too many users were from "Tier 3 countries." Read that again The community got penalized for living in the wrong zip codes 🤯 (follow up post on that soon…) But this is just how Web3 works I guess Secret deals with silent stakeholders No accountability until collapse Retail absorbs 100% of the damage And when it all falls apart, founders play victim while sitting on unlocked allocations The CEO says they lost the most but let’s be real😏 This isn't an exception. It's the standard playbook. And until we demand better, nothing will change
DBCrypto tweet media
Ice Open Network@ice_blockchain

🚨 An Update from the CEO I want to speak openly about the situation we are facing. For more than four years, our company has operated out of the BVI without a traditional bank account. Throughout that time, the business was funded primarily through token-based agreements. That meant development, infrastructure, marketing, legal, and many other operational costs were covered through tokens rather than fiat. This was possible because we worked with a service provider who believed deeply in our vision and agreed to support the project in exchange for tokens. For over four years, that provider stood by us and helped us build. However, due to recent market conditions, he lost confidence in the project and decided to claim tokens that were scheduled to unlock after two years, on 7 April. That event triggered the crash you have seen and brought our collaboration with him to an end. It has also placed the company in a very difficult position. Over the past four years, the total cost of building this project has exceeded $18,000,000 USD. We have invoices, records, and audit trails for every expense. During this entire period, @ice_z3us, @robertpreoteasa, and @ice_apoll0 did not take salaries, because we believed in the long-term vision and chose to keep building. As many of you know, under our tokenomics, the team managed approximately 4.2 billion tokens across the team, treasury, and ecosystem allocations. Because the monthly operating costs of the project were so high, we entered into a long-term agreement with the service provider under which he would receive a larger amount of tokens after two years in return for supporting the business and helping us scale. That structure was meant to buy us time to build properly and reach a stronger position. The reality is that the cost of operating the project became far greater than what could reasonably be recovered. The provider ultimately lost money on the arrangement, and after investing around $18,000,000, he chose to exit and sell the tokens he was entitled to. That is what brought us to where we are today. At this moment, the company still holds a little over 1 billion tokens. As the attached data shows, and based on the average prices at which the provider sold in recent days, it is clear that the company has been operating at a loss from the very beginning. Even so, we kept going because we truly believed in the project. We have seen many accusations claiming that we, as a team, dumped tokens on the community. That is simply not true. What happened was the termination of an agreement with a long-term service provider, and that outcome has now been reflected in the market. The project's current operating cost is around $400,000 per month. Many people do not realize how expensive it is to keep a project like this alive at scale. Even if every token we had received had been sold, it still would not have fully covered the total costs and obligations of the business. We never lied when we said we believed in this project. In fact, we are the ones who have been hurt the most by this situation. Because I want to remain fully transparent, I have to say this clearly: we are now reviewing whether it is possible to reduce costs significantly over the coming weeks, potentially by half. If we continue operating, it may require us to sell part of the remaining treasury tokens to cover essential expenses. We are no longer in a position where we can keep absorbing losses indefinitely, especially after already carrying losses of roughly $8 million. What happens next depends on whether the project still has real support from the market and the community. We will watch the coming days carefully and assess whether there is enough confidence and momentum for us to continue building. If there is, we will keep going. If there is not, we will be forced to consider shutting the project down. And if that happens, I want to be clear: we will burn our remaining tokens, not sell them. It is also important for the community to understand how much of the unlocked token supply was used to support the ecosystem. Out of the 4.2 billion tokens managed across these years, more than 900 million tokens were used for exchange campaigns, KOLs, and liquidity. Many people ask for listings, but few understand what listings actually require: exchange liquidity, market making, campaigns, promotions, and other associated costs. These are real costs, and they are substantial. There is another truth I have avoided discussing publicly until now, but I believe it is important to say it. Exchanges do not value all user bases equally. Large user numbers from Tier 3 countries did not help with listings in the way many people assumed. In many cases, exchanges specifically asked us for performance and user metrics excluding those regions. This is an uncomfortable reality of the industry, but it is a reality nonetheless. In the images attached, I have also shared detailed costs, including what different exchanges charged us and how many tokens were required for marketing and listing-related activity. I want people to better understand how this industry really works. We have nothing to hide, and the exchanges involved can confirm the commercial structures. I am deeply saddened that we are in this position, but I owe you the truth. The documentation is there. The records are there. The transaction history is there. If anything, we are the ones who lost the most trying to make this vision real.

English
27
20
134
18.1K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
Unpopular opinion: Remove monetization altogether All it's done is flood the platform with bot farms, clickbait, and garbage. Time to go back to genuine content, real ideas, and actual network building instead of farming engagement for pennies.
English
55
60
526
15.7K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
Kentucky House Bill 380 requires hardware wallets to have a "password reset mechanism." Worse yet? It passed the House 85-0 This is what you get when politicians with zero understanding of crypto create the bills 🤦‍♂️
DBCrypto tweet media
English
5
2
42
2K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
"Do anything to win" in crypto means: Lying about token supply Misrepresenting TVL Faking TPS Manufacturing volume In any regulated industry? Prison. In crypto? Celebrated as "warrior mentality." Maybe it's time we stop celebrating fraud.
chase@therealchaseeb

Can I say something without everyone getting mad? Solana founders historically were warriors and would do anything to win. Too many teams got comfortable, vesting or whatever. I don’t disregard anyone’s efforts, but today there is too much entitlement. You are owed nothing, and you know nothing, Jon Snow.

English
13
6
55
2.8K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
Hyperliquid does $50B in weekly derivatives volume. Pulls $1.6M in daily fees which is 8x what Bitcoin earns! $HYPE is up 57% YTD while BTC is down 20%. @Grayscale just filed for a HYPE ETF. Seems Wall Street skipped the "DeFi is risky" phase entirely.
DBCrypto tweet media
English
5
4
25
1.1K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
Memecoins are a net negative for crypto
English
42
11
116
5.5K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
Approvals are the #1 way wallets get drained. Billions lost. Every. Single. Year. If you have to revoke an approval then you are using the wrong networks. Period. Stop using outdated and insecure networks that require this crap
Revoke.cash@RevokeCash

Approval phishing is one of the most common ways crypto wallets get drained. The UK's National Crime Agency just named revoking wallet permissions as a key defence in their Operation ATLANTIC fraud guidance. Check yours today at revoke.cash.

English
1
3
19
1.4K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
Worldcoin just said iris scans are the ONLY way to link human identity to AI agents. Let that sink in Their solution to AI trust? Hand over your biometric data to a centralized database run by Sam Altman's side project. Absolutely insane 🤯 Hard pass.
English
9
4
64
4.1K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
"The rollup-centric roadmap no longer makes sense." Not me. Vitalik. February 3, 2026. We spent 5 years and billions on L2 middleware for a problem L1 improvements solved on their own.
DBCrypto tweet media
English
9
5
34
1.6K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
L2s paid Ethereum $113M in 2024. In 2025? $10M. That's a 91% collapse in L1 value capture in one year. And no, it's not just because L2 revenue dropped. Value capture went from ~41% down to 8%. But sure, let's just slap more duct tape on it and call it a fix.
DBCrypto@DBCrypt0

x.com/i/article/1834…

English
15
3
45
3.7K
xSpaces retweetledi
DBCrypto
DBCrypto@DBCrypt0·
Hey Gary, how ya been?
DBCrypto tweet media
English
10
2
41
1.4K