Brian McMichael ๐Ÿ™‚ (@brianmcmichael) header
Brian McMichael ๐Ÿ™‚ (@brianmcmichael) profile picture

Founder at @arb_cap, creator of @wstgbp Turning non-usd stablecoins into productive on-chain assets. Prev @MakerDAO ๐ŸŒน Prev @osc ๐Ÿงฎ Prev @OhioState ๐Ÿ…พ๏ธ

Undisclosed.
Joined September 2008
Photo by Brian McMichael ๐Ÿ™‚ (@brianmcmichael)Photo by Brian McMichael ๐Ÿ™‚ (@brianmcmichael)Photo by Brian McMichael ๐Ÿ™‚ (@brianmcmichael)Photo by Brian McMichael ๐Ÿ™‚ (@brianmcmichael)Photo by Brian McMichael ๐Ÿ™‚ (@brianmcmichael)Photo by Brian McMichael ๐Ÿ™‚ (@brianmcmichael)Photo by Brian McMichael ๐Ÿ™‚ (@brianmcmichael)Photo by Brian McMichael ๐Ÿ™‚ (@brianmcmichael)Photo by Brian McMichael ๐Ÿ™‚ (@brianmcmichael)Photo by Brian McMichael ๐Ÿ™‚ (@brianmcmichael)
Non-USD stablecoins donโ€™t need more issuance They need reasons to be held and used onchain Thatโ€™s what weโ€™re building at @arb_cap: rewards-bearing assets, liquidity, lending markets & DeFi integrations @wstGBP is live and generating revenue And GBP is just the beginning
๐Ÿค– Made with AI
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Uber CEO believes personal automobiles are wasteful, should be used for rideshares instead. AirBNB CEO believes personal residences are wasteful, should be used for hosted accomodation instead. Meta CEO believes owning faces is wasteful, should be put in a book instead.
OpenAI CEO Sam Altman believes people owning RAM is wasteful, and that it belongs in data centers instead. "From a global allocation perspective, actually, itโ€™s quite terrible to have everyone have a bunch of the worldโ€™s limited supply of DRAM sitting in their own computer."
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If you say "onchain" instead of the historically and linguistically accurate "on-chain", I'm going to assume you're either broccoli-haired or bald.
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I was doing non-USD stables before they were cool.
YC (@YCOMBINATOR) IS LITERALLY TELLING FOUNDERS WHERE THE NEXT BILLION-DOLLAR CRYPTO STARTUPS WILL BE BUILT - APIs for AI agents - AI Trading Agents - New USD stablecoins - Non-USD stablecoins - Stablecoin-powered neobanks - New exchanges & trading UIs The playbook is here.
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Found my old private key generator. Still secure.
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Louder for the researchers in the back.
look the foundational problem with ethereum protocol design is that most of the people designing the protocol don't actually use ethereum themselves. you can't fix the right things if you don't use your own fucking product. you don't have enough skin in the game if you don't personally depend on the system you're designing & stand to lose money when it breaks. i understand, everything looks great from an ivory tower lol. things look very different when you're actually on the ground dealing with the consequences. if you don't use ethereum yourself but still think you're qualified to design its protocol, you're playing god with a system you don't have to live with and whose consequences you don't have to suffer.
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Brian McMichael ๐Ÿ™‚ retweeted
Your pounds can do more. ๐Ÿ‡ฌ๐Ÿ‡ง Mint wstGBP with tGBP. Hold while rewards accrue. Redeem for more tGBP over time. Same wstGBP balance. Growing tGBP value.
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Scanned my projects and discovered 13 repos affected by this. All are patched now but this is pretty widespread. Foundry 1.7.1 popped as vulnerable so it's a good time to foundryup
๐Ÿšจ Nightmare day for cybersecurity Multiple major security incidents, active exploits, supply chain compromises... If you run production systems, start patching NOW. PHP: Two critical unauthenticated RCEs. Attackers already exploiting them. Patch NOW LiteLLM: v1.107.0 on PyPI and Docker is BACKDOORED. Steals cloud, SSH, and AI credentials. Pin 1.106.2. Rotate secrets. eMudhra: A certificate authority's keys were crackable. Update your browsers, systems, and trust stores. Node.js / Next.js / React: Security releases for Brotli RCE, TLS bypasses, and TWO critical Next.js RCEs. TiDB Cloud: PingCAP breached through stolen credentials. Customer information and other sensitive data exfiltrated. Read the attacker's release, fun stuff. Plex2Shell: Weaponized within HOURS of the PoC. Attackers already deploying cryptominers and proxy backdoors. BeyondTrust / Ivanti: Actively exploited zero-days added to CISA's KEV catalog. BeyondTrust attacks linked to a China-nexus campaign. And that's not even the full list. Patch. Audit. Rotate. NOW.
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Further details, all vulns were due to a dependency in Next.js. It's not just PHP.
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Me and the boys dressing for comfort and temperature regulation.
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We were promised flying cars. @elonmusk delivered.
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I'm not Richard Heart. I'm Palm Beach Brian.
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Someone needed to say it.
Hi. If elliptic curves are broken so that any exposed public key leads to compromise, and it's not by white hat hackers who save everyone's assets first, your coins are going to zero. Having them in bunker mode is not going to help you. They are still worth zero.
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Thanks to yRisk for their report on wstGBP!
New asset report: Wren Staked tGBP (@wstgbp) wraps BCP Technologiesโ€™ sterling stablecoin, tGBP, on Ethereum with rewards income from tGBPโ€™s offchain reserves...
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Peg stability isn't just for USD stablecoins.
Our issuer partners benefit from increased distribution of their token as well as price stability on-chain. Since the launch of @wstgbp liquidity pools on mainnet, Tokenized GBP has seen direct impacts on it's GBP peg.
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You're not "too early" when you know you have the power to build the world you want to see.
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So am I.
I'm quite bullish about UK right now. Might just rent a flat right away and stay here. Very unexpected.
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Muse branding is fantastic but no way in hell I'm giving Zuck access to my inbox.
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๐Ÿ‘€
Through October 31, hold wstGBP and earn up to 10% in boosted rewards, on top of its ~3.5% native APY.
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New Yorkers are some of the most provincial people on the planet. Capitals are antithetical to decentralization btw.
NYC is the crypto capital of the world.
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