Discover and read the best of Twitter Threads about #SAFU

Most recents (5)

It’s good to be back on Twitter. When @Twitter is not working, I can’t even tweet to complain about it. Appreciate @jack and team restoring the accounts quickly.

A few thoughts on this incident. 1/n
“Bitcoin hack?” No, bitcoin didn’t get hacked. The hackers want bitcoin, because it’s valuable. When bank robbers want cash, it’s not called a “cash robbery”. It's a bank robbery. "Bitcoin scam?" No, bitcoin didn’t scam anyone. Do we have to explain this every time?😂
“Twitter hack?” Yes. But this incident highlights a bigger issue. With the increased #crypto adoption, existing social and internet platforms need to revamp their security. Internet platforms are no longer just for selfies, it is used to transfer value.
Read 12 tweets
True #DeFi #ecosystem development takes time, dedication and, most importantly, proper #Token incentivization methods.

Here's a thread from @shanghaipreneur about #crypto monetary policy

&

The $FNX strategy to bootstrap network effects.

1/23

medium.com/finnexus/finne…
@shanghaipreneur #DeFi is a movement - the collective vision of everyone all over the world working feverishly towards bringing about a viable alternative to the global financial system.

After all, it's a #brrrrr #brrrr world and, for now, we're just livin' in it.

2/23
@shanghaipreneur Like it or not, every #crypto project starts out as a central bank, like the Federal Reserve.

They then have to figure out how to #decentralize those roles. After all, they are creating a #token that powers their own micro-economy.

3/23 A Federal Reserve bank branch at night.
Read 23 tweets
#STEEM has successfully defeated the hackers & all funds are super #SAFU. @SteemNetwork and @steemit community is now stronger than ever since we united & solved the difficulties! Full details below👇
@SteemNetwork @steemit (1/9) On Feb 22, some malicious hackers froze 65 million #STEEM legally owned by Steemit, the core STEEM developers. When we found out, the hackers already hijacked STEEM & threatened to nullify the existing STEEM. We had a difficult choice.
@SteemNetwork @steemit (2/9) We double confirmed w/ lawyers & were told this was definitely a criminal activity from the hackers who froze over 10 million dollars worth of STEEM & threatened to destroy the assets. The risk of nullifying the #STEEM network puts every STEEM holders’ interest in danger.
Read 10 tweets
Why you should move from BitMEX to BTSE. A thread 👇

1/ We use a next-generation matching engine which runs purely in memory. This eliminates the need for databases and speeds up transactions to sub-millisecond times. No frozen trades, no headaches.
2/ BTSE uses horizontal scaling, which means that we can upgrade our servers with 0 downtime. This is essential during bull markets when a lot of users sign up & log into their accounts, as the scalability issue gets resolved. People were buying Binance accounts in 2017? Ha!
3/ BTSE's servers are self-hosted, which makes us just as careless to @awscloud's unexpected crashes as this dancing honey badger. It's also great for data security and privacy.
Read 8 tweets
Brief reality check on what caused last 10 days of #bitcoin upside. Sure seems driven by #tether fear and people moving their money off #bitfinex $USDT (on a potentially bankrupt exchange) into $BTC and out to a safe place. Funds may not be #SAFU. Below #bfx to #bitstamp premium.
According to @thetokenanalyst, #bitfinex had net #bitcoin outflows of 112,500 $BTC since #tether news broke. That's 620m USD roughly. Assuming #bfx data accurate it would be entire traded volume in BTC to stablecoins since then. Bankrun in slow-motion with no one around noticing.
Further point on this - I have never seen positioning in #bitcoin on #bitmex be so Bullish (ie 1.7x Longs/Shorts) but at the same time seen mex futures in such strong backwardation (ie discount to present). Means market really wants $BTC now, but in three months - not so much.
Read 5 tweets

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