Software Developer; Monero Dev. PGP: DC42 4DA4 A231 64FC 515F :: 1835 D184 C359 97CA 627A Do not take my follow list as an endorsement for their content.
Joined July 2009
- Tweets430
- Following35
- Followers792
- Likes185
Lee ★!★ Clagett retweeted
When companies go public they must file paperwork disclosing their financials.
Doing so would expose the massive cash burn OpenAI is using. Therefore, Sam Altman can't go public but he also has run out of money.
Enter "whistle blower" Jacob Coxon.
It made no sense how an obscure nobody got 165 million views on his first X post saying AI could kill us all. Then he was on every news station within 48 hours, scaring the public.
This was a psyop to "regulate" the AI companies... aka give them government funding to "protect the public from the dangers of AI."
Lee ★!★ Clagett retweeted
I can't pay for my burger at @SteaknShake with IBIT. Bitcoin self-custody and using it as a currency is what matters.
Someone telling you to buy IBIT reveals what they want out of bitcoin, which is fine too. They are just dollar maxis and bitcoin is "just" an investment.
Lee ★!★ Clagett retweeted
Seeing a lot of people saying “self custody is over” thanks to the Coldcard hack.
Couldn’t disagree more. ~1,100 BTC has been stolen so far (est). And ~11,000 BTC went to exchanges yesterday. Potentially 10x more BTC was saved thanks to the fact that it was held in self custody! Why?
The distributed defense of self custody GAVE PEOPLE TIME to save their own money. If that RNG bug happened at a centralized custodian, all of the BTC is gone in one swoop. No time to react. But when it happens to a self custody wallet, each wallet has to be found and swept individually. People have time to act.
It makes the entire Bitcoin system more systemically resilient. And yes, it’s terrible that people are losing money. But in a scenario where this happens at a custodian, you eliminate any chance to react and save some people. If all bitcoin is held by a few centralized companies, you reduce that distributed defense and significantly increase the systemic risk of Bitcoin as a monetary network.
Lee ★!★ Clagett retweeted
A new Monero wallet has been released!
Introducing Skylight Wallet, a modern Monero light-wallet 🎉
Open-source. Self-custody. Automatic Tor. Instant sync.
Get it on Google Play or download the APK today! iOS and desktop coming soon. More details in our post:
magicgrants.org/2025/11/24/I…
ALT MAGIC Grants: Skylight Wallet logo
Lee ★!★ Clagett retweeted
Budget Monero mining rig
Hashrate: 19,250 H/s
Power draw: 142 watts
Cost: $607 shipped
No more excuses. Start mining.
Lee ★!★ Clagett retweeted
And to those "liking" this post, I'm primarily hesitant on Tevador's Publish or Perish proposal. His reward-splitting proposal was basically PRS but uncle blocks only (no work shares).
After some hard-numbers are calculated, the work-shares might damage sync-time too much.
Lee ★!★ Clagett retweeted
After people pushed me to rethink Tevador's claims - the PRS is probably the best proposal I've seen. It doesn't eliminate selfish mining or reorgs, but it makes both harder to achieve.
Lee ★!★ Clagett retweeted
With all the hoopla about qubic and fcmp, lets not forget about our foundation!
One of the most consistent contributors to the codebase for ~8 years now. Addressing hackerone reports, lws, a lot of the networking code. And important, reviews
**vtnerd**
ccs.getmonero.org/proposals/…
Lee ★!★ Clagett retweeted
These are self-reported, so it's a bit difficult as to who has what hashrate exactly now.
Lee ★!★ Clagett retweeted
Boys (and gals), we gottem.
He struggled through that statement and still tried to embellish it as much as possible to make himself look good, but we have an admission that CfB lied and manipulated the public into believing he 51% attacked the Monero network as a publicity stunt.
teapaw.org/DontTraceMeBruh/status…
Lee ★!★ Clagett retweeted
Well it doesn't make any sense - stocks are supposed to pay dividends in USD. Their only plan is to hoard BTC; dividend payments will require selling BTC for USD. So these companies are hoarding BTC but are short BTC and long USD.
It's all completely ass backwards.
Lee ★!★ Clagett retweeted
I hope a circular economy gets created at some point. Because blow-up USD with no BTC denominated expenses seems like actual chaos.
Think about it, you've got an insane amount of capital in BTC, and the primary exit strategy (currently) is to exchange back into USD?
Lee ★!★ Clagett retweeted
That single unknown block just got claimed by Qubic it would appear. They might be going for the claim all unknowns strategy, what a shitshow.
Anyone reading this tweet, should read this thread about how blocks get claimed (you need view key to prove)
reddit.com/r/MoneroMining/co…
Lee ★!★ Clagett retweeted
How are they ever going to pay dividends? Sell BTC?
This is literally the best thing I've seen all day, the capital markets are not completely lost in USA.
Lee ★!★ Clagett retweeted
Now we have evidence that Q*bic is paying people to spread the lie that they reached 51% of Monero's hashrate.
It explains why many helped to spread this lie despite all the evidence that they didn't.
Let's spread this as much as we can.
This Post is from a suspended account. Learn more
Lee ★!★ Clagett retweeted
The increase in token issuance is going to be a tough marketing issue. It (may) have been needed for infrastructure costs, but the narrative of corruptible insiders enriching themselves is also valid and hard to refute.
It's probably PoW or go home to fiat, but what do I know.
Lee ★!★ Clagett retweeted
Yes, printing money to buy another money is very bad optics that is hard to spin, even for the great Donald.
Lee ★!★ Clagett retweeted
I've not encountered an Ethereum fan who understands the 1M ETH inflation was unexpected, much like fiat, despite the Ethereum Foundation + ETH influencer "ultra sound money" deflationary marketing campaign over the past few years.
This is world's different than the BTC issuance commonly referenced...which was known about since 2009.
