Inscribing msgs using opreturn with Chris Cook and gmax to steal from his own federation..... cypherthief + islandpunk
Ghost of Chad retweeted
AI + The Totalitarian Surveillance State = you being guilty of any crime that they want you to be guilty of
Ghost of Chad retweeted
People who have blind faith on Poolcoin should ask themselves why the technical geniuses who are supposed to deliver the money of the future don't think Bitcoin is good enough for their own savings.
Maybe ask them directly what specific weaknesses prevents them from holding the very same thing they work on every day.
Ghost of Chad retweeted
So Bitcoiners like @adam3us & @Excellion stumped the progress of Bitcoin so we would use Liquid, and then that gets hacked...
Good job.
Ghost of Chad retweeted
Do you have BTC on Liquid? How much do you trust Blockstream not to rug you?
LBTC on the Liquid Network is NOT BTC. It's a IOU handed to you by Blockstream and federation members, while they keep your BTC.
With allegations of Blockstream running a mining ponzi, we need a🧵:
Andy's shitcoin rugpulled
We are aware of a security incident on @Liquid_BTC. Purported white-hat hackers have withdrawn ~4,000 BTC (~$320 million) from the Liquid Federation wallet. The @Blockstream team is working on contacting them on-chain with a signed message.
What we know so far is that the funds were withdrawn via the SideSwap PAK (Peg-out Authorization Key), but that key was not compromised, nor were any others.
Exchanges have been notified and have already paused (or will pause) LBTC deposits and withdrawals. Other Liquid assets such as USDT, DePix, and RWAs are unaffected by this security incident.
Bridge nodes have been temporarily disabled, so no new transactions can be submitted to the network. Effectively, the Liquid sidechain is paused until this issue is resolved.
Liquid wallets will be impacted, and we're sorry for any inconvenience. Federation members are actively working on resolving this so we can restore normal network activity.
You can monitor the situation via @mempool's liquid.network site below:
mempool.space/address/bc1qdl…
Ghost of Chad retweeted
Carl Menger did what no economist before him had managed: he located value inside the human mind rather than inside the object being traded. Vienna, 1871. His Principles of Economics landed quietly, then detonated slowly across the discipline.
Before Menger, economists tortured themselves trying to explain why diamonds cost more than water when water keeps you alive. Menger dissolved the paradox in a sentence. Value is marginal and subjective. The tenth glass of water you drink today carries almost no value to you; the first glass you drink after three days without it carries everything. The object does not contain the value. You assign it, based on your circumstances, your preferences, your next most pressing want.
This wrecked the labor theory of value completely, clearing the ground for honest price analysis.
Prices, Menger showed, are not arbitrary signals or social constructs. They are compressed information about millions of individual valuations, each person acting on knowledge no central planner could ever collect. Bureaucrats in Brussels and Washington still haven't absorbed this. They control prices and watch shortages materialize on schedule, baffled every time.
Menger built the foundation. Everything built on it since has held.
