1/ The chances of having your cryptocurrency wallet hacked as an analogue of catching a sexually transmitted disease (STD)

From the worst to the safest

๐Ÿ‘‡๐Ÿ†๐Ÿ‘‡๐Ÿ†๐Ÿ‘‡๐Ÿ†
2/ Having a centralised exchange account with email and password, no two-factor. Not using password manager, reusing the password across websites

=

Having an orgy on a student party boat and being so drunk that you do not remember what happened, with whom or what

๐Ÿ†๐Ÿ†๐Ÿ†
3/ Running MetaMask or Electrum on Windows laptop

=

Randomly shagging a random person in the restroom of a bar in the questionable part of the town

๐Ÿ†๐Ÿ†๐Ÿ†
4/ Running MetaMask or Electrum on macOS laptop

=

One night stand from a karaoke bar, the better part of the town

๐Ÿ†๐Ÿ†๐Ÿ†
5/ Running MetaMask on a macOS laptop, different user account

=

Friends with benefits

๐Ÿ†๐Ÿ†๐Ÿ†
6/ Running MetaMask on a macOS laptop, on a different user account and signing transactions with a hardware wallet (Ledger/Trezor)

=

Friends with benefits, using a condom

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7/ Multisignature wallet like Gnosis Safe

=

A stable relationship with your spouse.

(You also do not get sex very often)

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8/ A multisignature wallet where all participants have an air-gapped computer to sign the transaction

=

Masturbating alone once a month in the front of the TV, making sure there are at least three meters to the TV.

๐Ÿ†๐Ÿ†๐Ÿ†

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More from @moo9000

12 Mar
1/ Syncing ETH node. So hard they say.

I did it in 24 hours. Running it costs me around 50 EUR/month.

No API limitations. No unplanned downtime. No counterparty risk with the SaaS company.

A thread.

๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡
2/ Your options to run a self-hosted node are

@go_ethereum, one of the original Ethereum nodes

Turbo-Geth from @realLedgerwatch and others

Parity (but their org is more focus on Polkatdot nowadays so not a long term bet)
3/ Go Ethereum works well for a single app use case.

Turbo Geth is needed if you have massive API request requirements. E.g. if you are a wallet or really popular dApp.
Read 18 tweets
28 Jan
1/ ERC-20 token standard approve() has caused an unnecessary cost of $53.8M for #Ethereum and #DeFi users

This is bad. Continue reading why and how to avoid this in the future.

๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡
2/ Before you go all rage on the flaws of my analysis, please read the whole Twitter thread for disclaimers and caveats.
3/ approve() is an unnecessary step of ERC-20 tokens when they interact with smart contracts.

You know this because when you do a Uniswap trade you need press two transaction buttons instead of one.
Read 20 tweets
27 Jan
1/ Welcome to #DeFi Wednesday.

Let's talk about how interest-bearing cash on a blockchain is going to revolutionise boring corporate treasury management that concerns every company is is a larger business than all crypto trading in the world.

Enter the thread

๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡
2/ Blockchain community is often seen as toxic maxis and redditors who shill other their weekly favourite shitcoin in the hope of getting Lambo.

Sometimes we also do things that progress humanity towards the better future and interest-bearing cash is one of those things.
3/ Less chad and more things that actually matter:

My incomplete theory of interest-bearing cash is also available also as a blog post:

capitalgram.com/posts/interestโ€ฆ

It is 15 pages. Pick your slow poison or die fast by continue reading here.
Read 58 tweets
15 Dec 20
1/ Here is my totally unscientific poll - what would happen to #Bitcoin if the US potentially starts to break up now when Trump, Proud Boys, Texas and others do not accept the election result?
2/ Bitcoin strives in chaos and anarchy. Having the US fall into chaos and anarchy would both weaken the dollar and strengthen the #bitcoin
3/ Thus, I suggest for all my friends on Twitter that they start to retweet Donald and associate themselves with any of these groups that seek to secend. Let's make some mayhem.
Read 4 tweets
14 Dec 20
This is why a dedicated laptop is better than a hardware wallet for #ethereum operations security.

The laptop does not need to be airgapped, it is enough you do not use it for other activities and do not install any software in it.
Hardware wallets do not usualy have a way to show enough human-readable metadata to allow to identify if the transaction is good.

- Verified token name on Etherscan
- If you have transacted with this address before
- The amount of tokens to be transferred
Hardware wallets are good for "dumb" coins like #Bitcoin, but their user experience, and thus the real security including human mistakes, is not in fact that good. It is impossible to verify from a hex dump WTF you are signing.
Read 4 tweets
27 Oct 20
1/ In the series of "Let's explore #Ethereum killers Tuesday" we have NEAR blockchain or @NEARProtocol in Twitter

If you are a smart contract dev or blockchain investor you will find this thread interesting.

๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡
2/ I participated in an online hackathon sponsored by NEAR: "Hack the rainbow".

This was around NEAR's Rainbow bridge product that allows tokens to move forth and back between NEAR and Ethereum blockchains.

gitcoin.co/hackathon/hackโ€ฆ
3/ The good

๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡

NEAR project started back in 2018 as "decentralised platform", aim to be the developer-friendly blockchain solution. However, it was not until 2019 when the project evolved a full blockchain and things became more interesting.
Read 49 tweets

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