Getting Rekt since 2020 • Building https://teapaw.org/t.co/kxxbIrdHN7, a daily read on why markets move, and https://teapaw.org/t.co/jHInTZattS, a tracker for your crypto and fiat.
Joined December 2023
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I’ve been getting rekt since 2020. Mostly by reacting to moves I didn’t understand.
So I built ikareo. It started as my own dashboard. Now it writes a short read every morning: where the economy is, 3 scenarios for crypto ... and the price that would confirm each one.
It won’t tell you what to buy. I don’t know where the market goes. It tells you what to watch.
I’m also building Norfolio. A tracker for your crypto and your fiat
Here I share what I learn building both. What works, what breaks, what it costs.
Follow if that helps ;)
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Tijahraman retweeted
Stacks Labs just completed the first post-quantum sBTC transfer on Stacks mainnet.
0xb983fa37d30d5ece2c2d3d539885cf5d6f2394245a733d76820a6fa9ca6a5b97
Tijahraman retweeted
NEWS: First post-quantum Bitcoin (sBTC) transfer on Stacks, Bitcoin’s execution layer.
Transfer live on mainnet.
Shows how Bitcoin layers can be ready for post-quantum even before Bitcoin L1. More importantly, we can help contribute to Bitcoin’s quantum upgrade. Forward!
Tijahraman retweeted
[On-Chain] Première fissure !
Hack record chez @binance, 1,28 Md$ de sorties des ETF US spot, changement de majorité au Congrès…
Dans ce tumulte, le $BTC a perdu son support des 77 000 $ : première défaite depuis la reprise de fin août
Pour autant les données on-chain ne signalent pas de panique généralisée 🤔
@_adriensapiens nous offre un topo de la situation 👇
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Tijahraman retweeted
Bitcoin can now earn yield paid in $BTC while staying on the L1, in the holder's own custody.
Here's how @Stacks Bitcoin bonds work, where the yield comes from, and why every bonded Bitcoin requires $STX as staking capacity.
Read the full guide 👇
coingecko.com/learn/stacks-b…
Tijahraman retweeted
🌛 Bonsoir les amis !
▶️ Live ce soir 21h sur Youtube !
🔗Lien du Live : youtube.com/live/0hFppamiFL8…
❤️A ce soir la bize !
Tijahraman retweeted
Spending 2-3 hours today on these could save your entire net worth
Accounts
1. Check if your emails have been leaked in a data breach haveibeenpwned.com. Change every leaked password first
2. Use a separate and non public email for CEXes, banks, social media. Don't open links on email
3. Use a password manager like @Bitwarden. Unique password for every account with 2FA and passkeys enabled (save passkeys in Bitwarden)
4. Stop using SMS 2FA. YubiKey or authenticator app only
5. Write down all your backup codes on paper, store it somewhere safe (fireproof and waterproof)
6. Bookmark every exchange and dApp websites. Never open them from Google or Telegram links
Telegram
9. Under Privacy, turn on Two-Step Verification (its a password), use Passkey and set Stars for Messages so random people cannot DM you
10. Check Active Sessions and delete anything you don't recognise
11. Set your phone number to Nobody
12. Never open files people send you, even from friends. Their account could be hacked
13. Ignore any "free to catch up" with Calendly links, you can catch up over Telegram message itself
14. Disable Auto-Download Media (under Data and Storage)
Wallets
15. Seed phrase on paper or metal. Never in a notes app or cloud or Notion
16. Cold wallets for large funds, best to use a multisig with cold wallets (p.s best to offramp more into your bank so you can sleep at night)
17. Split wallets to mitigate single attack vector: small hot wallet for dApps, cold wallet for the rest
19. Revoke old unlimited approvals (revoke.cash/)
Devices (Mac checklist mac.0xosprey.com by @0x_Osprey)
20. FileVault + firewall on, auto login off
21. Auto updates on
22. Delete browser extensions you don't use
23. Separate browser (or device) just for crypto
24. Never run a recruiter's "coding challenge" especially if its something to install
Misc
25. Don't use Zoom or Microsoft teams if you have to take a call
26. Remember you are not a VIP, no journalist is going to want to interview you for your takes nor will companies send you emails / letters to warn you of a compromised account
27. Some of the contacts that you saved on Telegram could be compromised, saving as contact doesn't do anything
28. Take note of some of the trading terminals that you have funds on, if the largest exchange can be compromised what more these smaller ones
29. Write a plan for if you get hacked, and leave one for your family
30. Remember to message @seal_911_bot if you have any emergencies @_SEAL_Org
Stay paranoid.
Tijahraman retweeted
I'm bullish on #Bitcoin, and I'm bullish on the ecosystem.
That's why I'm bullish on $STX and it has proven to be one of the strongest runners since the market bottomed.
It's up 190% and simply just at the start of a new run.
Why?
@Stacks have just sold out Bond 3 of their #Bitcoin staking, and it's sold out already in the bootstrap phase.
It's significant, as staking your Bitcoin can enable passive income on top of simply holding your Bitcoin, which, inevitably is everyone's dream and stands by the thesis of Bitcoin.
If I'd be able to allocate my assets into Bitcoin, have them stored in self-custody (or a provider that I trust) and I am able to earn 3% or more on a yearly basis, I'd be more than happy.
That's the product that Stacks provides, and that ultimately benefits the underlying token.
For every staked $BTC, it requires $STX to be locked equivalent to 5% of the underlying $BTC value for the entire period of the bond.
This creates a flywheel: the more Bitcoin being staked, the more $STX being locked, the smaller the supply.
Super interesting concept and I think an interesting narrative for the upcoming bull cycle.
Paraguay's president resigned today after the collapse of UENO bank.
Customers had been locked out of their money.
when people ask what bitcoin is actually for, this is the part of the conversation i wish we'd have
and holding the keys yourself is real work.
lose them and there's no password reset. the price can fall while you're holding it. fees and finding someone to accept it still matter
none of that disappears because a bank failed
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Tijahraman retweeted
More information doesn’t make better bitcoin decisions. Past a point, it makes worse ones.
If you don’t decide what you look at, your feed decides for you: the scary chart, the hot take, the price alert at 3am.
Pick your questions first. Is money coming in? Are investors in profit? Are they selling?
Right now: no, barely, and no. Price sits about 1% above what recent buyers paid, near $76,700.
What do you check before a decision?
Tijahraman retweeted
A deeper dive into bond dynamics.
We have about 2 billion in Bitcoin capacity that we can deploy in coming months.
The rough math is that we can sustain 3x the market cap of STX for BTC deployed.
So far we’ve used very little capacity, like < 1,000 BTC. Why?
Because we’re in the bootstrapping stage, what matters in these early days is (a) institutional custody integrations, (b) onboarding large institutional clients, but not deploying too much of their capital. For now.
First, you establish the distribution network and then scale it out. Let the market absorb the information that BTC native yield is real.
Capacity grows with Stacks' growth. Two years ago, at the height of interest in BTC DeFi, we could support 15 billion in BTC deployed. We’ll get back there and more.
I see this as a 100 billion-plus market that we’re slowly unlocking. That’d be just ~6.4% of BTC deployed. Ethereum has 36% staked. So these numbers are conservative.
What I’m most excited about is that, when this plays out as designed, it finally opens on-chain flows for BTC. We fulfill the decades-old dream of bitcoin culture: to make BTC more than just a store of value. BTC starts moving for trading, lending, yield, etc., on-chain on the Bitcoin execution layer.
A circular BTC economy with gas fee revenue starts to emerge.
People forget how large BTC already is. When it moves, it moves in size. Then we focus on privacy and post-quantum and overcome the upcoming BTC challenges.
That’s the long-term open secret plan.
For now, the first dominoes are the Bitcoin bonds and how we launch them.
Back to the 2 billion capacity: we will be releasing some of it soon in bond 3. Every bond results in STX being purchased and locked on-chain as a capacity limiter for BTC staking yield.
As this dynamic plays out, the world starts to notice our work. Doubts about the feasibility of bitcoin capital markets start to fade. The machine starts humming.
Forward!
This has been expected for years. The day has arrived 🥲
This was not just the biggest crypto hack.
It was the biggest hack. Period.
In monetary terms, over $6.3 Billion appears to have been stolen.
And it may have all started with a compromised employee laptop.
Here's the latest:
- On Oct 29, analysts identified billions in suspicious transfers from Binance-linked wallets.
- Binance acknowledged the security incident & temporarily suspended deposits & withdrawals.
The exchange released its initial findings:
- An attacker may have compromised a DevOps engineer's laptop, accessed an internal service container & submitted unauthorized withdrawals.
- On Ethereum, the attackers used a mechanism called EIP-7702 to redirect control of a Binance hot wallet to a malicious smart contract.
- This allowed the attackers to move funds into wallets they controlled, while other unauthorized transfers occurred across multiple blockchains.
- Most of the estimated $6.36B was transferred across 10 blockchains.
- Binance says it has found *no evidence* of wallet private keys being leaked, suggesting the attackers may have exploited systems authorized to sign transactions instead.
The impact so far:
- Chainalysis reports $5.912B stolen, with funds moving across Bitcoin, Ethereum, Tron, XRP Ledger & others.
- Tether froze approximately $1.57B in USDT, Circle froze over $800M in USDC.
- Ripple also reportedly froze around $200M.
Who's behind this?
North Korea's Lazarus is the likely suspect. Security experts have flagged the "TraderTraitor" subunit as one the hacker.
Binance has pledged to cover all losses through its SAFU emergency fund & company resources, although the final unrecovered amount remains unknown.
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