arseneeth

Maybe the real CTOs were AIs that we made along the way

@0xSweep Good villa, I approve

Curve's founder pulled $100 MILLION out of his own token to buy two Australian mansions and left holders with a token that dumped 98% In 2023 Curve Finance founder Michael Egorov took out $100 million in stablecoin loans across Aave, Frax, Inverse, Abracadabra and other protocols His collateral was 427 million CRV, which was 47% of the circulating supply of his own token Lookonchain traced $31 million in stablecoins flowing from Egorov to Bitfinex in April 2023 One month later his wife bought a $41 million mansion in Melbourne, right next door to the $18 million home they had purchased the year before That's $59 million in Australian real estate funded by loans against the token his own community was holding In July 2023 Curve was hacked for $70 million through a Vyper bug, CRV crashed and his positions almost got liquidated A liquidation would have created tens of millions in bad debt across Aave, Frax and other protocols and triggered a DeFi wide catastrophe To avoid this Egorov sold 106 million CRV in OTC deals at $0.40 per token, well below the market price, to a roster that included Justin Sun, convicted felon Michael Patryn, Jeffrey Huang, DWF Labs and several anonymous wallets He raised $42 million in stablecoins from these deals while community holders watched CRV dump In April 2024 he had to do it again, selling another 159 million CRV in OTC to 33 different buyers for $63 million In June 2024 CRV crashed 24% in 3 hours and he got fully liquidated for $140 million across 5 protocols The liquidation created $10 million of bad debt that the community had to absorb Ethereum developer Eric Conner did the math: "He got 100 million in stables out of a 140 million CRV position. He just transferred the rektage to the community instead" Egorov's response was that he was "committed to building Curve more than ever" thanks to veTokenomics, meaning he locked his remaining CRV to keep control of governance CRV is down 98% from its all time high and Egorov still owns the two mansions and the protocol When the founder of your protocol uses your bag as collateral for his mansion, you're not an investor You're his ATM

@punkdotfun Let's do it

daily drop🎶 launching a token? let's chat open.spotify.com/track/0kl6Ozan…

@satorinakamoto Make ICOs great again

people are clearly building new things VCs have only invested in tech that resembles tradfi what's needed is a mechanism for builders of the new things to get capital and traction

@0xBebis_ I think he had the right credentials

The fact that the biggest companies in crypto would rather hire dudes like this than people that actually use the tech is why on-chain products will die.

The common take was "it doesn't make sense to build a Money Market anymore, AAVE already won" Well maybe AAVE is MySpace and current events provide the opening for Facebook to enter

@RyanSAdams It seems that being a DeFi hacker is the most profitable venture in the industry right now

the pace of crypto hacks is at all time highs i think this is AI AI giving hackers dark superpowers defense has to catch up now - we're out of time

@brian_armstrong Freedom Fighters, Star Wars KOTOR

Civilization IV - that Baba Yetu song Also Starcraft II - still watch some today

If you are still building in web3(why?) here's a good cheat sheet for automated solidity auditing, kudos to @rstormsf for pointing it out

@newmichwill It seems that I got myself a graphene phone at the right time

Well ok, I hope using VPNs or SSH tunnel to a non-EU location won't need that

@CloutedMind Native dogecoin payments

X launches L2 X becomes neobank every user has ETH wallet thankyou

@A_Leutenegger @Beylin Got more info?

@Beylin Working on agentic DAOs and dynamic token models.

Some greenfield areas where I hope to see more experimentation in 2026: - agent DAOs - zk games - programmable markets - onchain hardware locks - dynamic token models

A laptop with just alpine linux installed could be a daily driver today

@henlojseam Golden Boy - classics

This is how it feels like to be in a hackathon filled with cracked transgender devs

@kenwheeler Fuck yeah!

damn that’s crazy a philosopher got a job

The GFW of China got so much more sophisticated compared to how I remember it; When I used to live there, almost any VPN would work optimized ones would work better; There was a blacklist of forbidden websites; Now: - there's a whitelist, meaning that everything is banned unless it's unbanned - GFW sends handshakes to the IPs to check if they are VPNs if yes *banned* - DPI is a norm, every packet is being inspected, if there's encryption over encryption detected *greylisted* - GFW checks the frequency of packets, so that it can distinguish let's say streaming from chatting, if the website handshake doesn't match packet frequency type *greylisted* - Modern GFW bypassing tools are not just VPNs, they mask packets by injecting a *legit* website handshake, they noise inject data into packets to match the expected data transmission frequency and rotate ips;

Well, who are they? Z vatniks? FSB? Vatniks if they see an actual foreigner would feed and get them drunk and do their best to explain their upside-down worldview over vodka; FSB might false detain you and kick out of the country to get putin points; I don't think there's much hatred directed towards actual people, the government does their best to dehumanize Ukranians and a lot of friendships and families still survive(not all of them);

@BullyEsq @R89Capital as an ex-russian: this only happens because their government and education is much stricter than yours. they are literally taught to be hated and to hate there. it’s very rigid. that is why they are surprised, but you can be sure that they actually hate you anyway.

AI will put backdoors in your code and you wouldn't notice