Once you realise what Decred does, you'll change everything!
London, England
Joined May 2020
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Bison Relay Canvas, now has the makings of an audio suite as part of its tool set. The UI is still a little rough but it's a good start.
Canvas now minimised/toggles Bison Relay to a single icon for screen space, which is pretty cool.
Phoenix Green retweeted
The Binance hacker might have just pulled off one of the smartest moves I’ve seen in crypto.
First, Tether froze $1.5 billion in USDT.
Then Circle froze another $800 million in USDC.
At that point, it looked like the hacker’s money was trapped.
But apparently, he had already planned for that.
Instead of holding the stolen USDT in a wallet, he allegedly deposited it into Aave and used it as collateral to borrow ETH.
Then he walked away.
That’s where the story gets crazy.
Tether can freeze the USDT sitting in the wallet.
But it can’t freeze the ETH he already borrowed.
So now Aave is left holding frozen collateral, while the hacker is sitting on liquid ETH.
And unless the protocol can recover it somehow, he may not even need to pay the loan back.
Two companies froze billions of dollars in seconds.
But someone who understood how to use DeFi may have found a way around both of them.
Pretty insane when you think about it.
Readers added context they thought people might want to know
The frozen $1.5B+ USDT and $800M+ USDC were held in the attacker's main wallet (shown in the post's image), not Aave. Only ~$60M USDT from a related wallet was deposited into Aave pre-freeze to borrow ~$45M ETH.
governance.aave.com/t/binance-hot-…
decrypt.co/382191/binance…
coinstats.app/news/1f0734d0f…
Phoenix Green retweeted
Is AI killing open source by exploiting bugs faster than they can be fixed? Do we need to closed source some things now? 🫣
Debate on the Crypto Quorum, this Thursday at 5pm UTC, sponsored by @EdgeWallet and co-hosted by @zano_project and @RUNEBondApp!
nitter.cf/i/spaces/1nxeLMNqzrvJX
Phoenix Green retweeted
Banks are lining up to custody your crypto now. Good for adoption, but a bank holding your coins is still a bank. It can freeze, flag, or say no. The whole point was paying anyone, anywhere, without asking permission. Don't hand that back.
Phoenix Green retweeted
Companies keep getting hacked, and AI is getting very good at finding vulnerabilities. Every database holding your data is a bigger target every day. Share less, keep your own keys, use tools that never collect it. Data that was never collected can't be leaked.
Phoenix Green retweeted
A question for everyone who's been in crypto for a while.
Have you ever stopped using a project because you didn't like the direction it was taking?
Most times, people just sell and move on.
But what if you could actually have a say before those decisions are made?
That's one of the great things about Decred. DCR stakeholders can vote on proposals and influence how treasury funds are spent.
Would you rather have a voice in a project's decisions or just leave when things go wrong?
#Decred #DCR #DecredAF
Character animation and auto lipsync in Bison Relay Canvas.
First pass is a little underwhelming but not a bad starting point 2D and 3D characters.
Phoenix Green retweeted
So you're talking about governance and haven't posted once about Decred decred:native.
Are you serious or just discovering DAO governance models now after 10 years?
GetDecred.Now/About
Phoenix Green retweeted
I'm doing an upgrade of $LBC / #LBRY's dex server on Bison Wallet now. Will only take less than an hour.
Making good progress on chart design and function+++.
Feel free to do a new "git pull" and recompile for the new updates!
dex.revivel.app
Phoenix Green retweeted
This could be one of @BisonRelay projects that truly takes Decred to a new level ..
Always building!
Phoenix Green retweeted
New price chart for $LBC - decred:native on Bison Wallet (DCRDEX)! 5m to 1M timeframes, indicators, full history.
Alpha: dex.revivel.app
Also new:
• USD values in the order form
• Better depth chart zoom
• New LBC logo
• Big LBC orders no longer fail
• Far less RAM use
Phoenix Green retweeted
AI Is Breaking Web2- Is the Internet Ready for What Comes Next nitter.cf/i/broadcasts/1lJQRWbVw…
Is the Internet Ready for What Comes Next - state of the market.
Going live over on @decredproject in a few minutes.
Bison Relay Canvas - First Look
The aim for this plugin is to see if it can become a complete creative suite.
✅ Publishing
✅ Image compositing
✅ Vector Illustration
✅ Video production
✅ Interactive media
✅ & Audio production
Decred’s Security Budget Explained: What Does It Really Cost to Secure DCR?
VIDEO LINK IN THE COMMENTS 👇
Inflating the coin supply to preserve the security budget dilutes the value of the coins held by the community. Efficiency & Real usage is the only way to create value for everyone.
Decred is doing this better than any crypto project I've researched.
youtu.be/Z7fOmEVlazE