Sorry to interrupt your scrolling but this is just a friendly reminder that your time on this earth is extremely limited and everyone you love is going to die one day so maybe you should put the fucking phone away and go do something meaningful.

Ethereum Price 26th April 2021: $2,328.2 27th April 2026: $2,328.2

JUST IN: Arbitrum freezes 30,766 $ETH worth $71,000,000 linked to suspected AAVE and KelpDAO North Korean exploit.

I am a Web3 Ambassador at World Liberty Financial. There are 12 of us on the team page. 4 are named Trump. 3 are named Witkoff. The page calls us "the passionate minds shaping the future of finance." 600,000 wallets bought our memecoin. They lost $3.87 billion. The family collected $350 million in trading fees. It launched 3 days before the inauguration. 80% of the supply went to CIC Digital LLC and Fight Fight Fight LLC. I did not choose the names. I designed the allocation, the vesting, the timing, and the distance between the product and the President. The distance is my best work. I am the reason these events are unrelated. World Liberty Financial sends 75 cents of every dollar to DT Marks DEFI LLC. That is the family entity. Zero capital contributed. Zero liability assumed. I wrote this into the Gold Paper. Page 14. The lawyers bound it in white leather. The binding cost more than the due diligence. Justin Sun invested $75 million. He was facing SEC fraud charges. The SEC dropped the case. He is now our advisor. These events are unrelated. Changpeng Zhao pleaded guilty to federal money laundering violations. He received a presidential pardon. The SEC dropped its lawsuit against his exchange the same week we listed our stablecoin. Then the exchange settled a $2 billion deal entirely in that stablecoin. These events are unrelated. Arthur Hayes, Benjamin Delo, and Samuel Reed of BitMEX pleaded guilty to Bank Secrecy Act violations. All 3 received presidential pardons. Then the company itself was pardoned. $100 million in fines. Gone. An American first. These events are unrelated. Sheikh Tahnoun of Abu Dhabi paid $500 million for a 49% stake that was never publicly disclosed. Then the administration approved semiconductor exports to his companies over national security objections. These events are unrelated. Everything is unrelated. I track the unrelatedness on a dashboard I built. The dashboard has 7 columns now. I am proud of the dashboard. On May 22nd, 220 people paid a combined $148 million to eat dinner with the America First president. Over half were foreign nationals. Justin Sun paid $18.5 million for the first seat. He visited the Executive Office Building the day before. I designed the seating chart. I put it on the Investor Confidence page. That page is doing well. The team page lists 3 Witkoffs. All 3 are Co-Founders. Steven Witkoff is the President's Middle East envoy. He testified as a character witness at the President's fraud trial. His son Zach runs the crypto operation. His son Alex is also a Co-Founder. I have not been told what Alex co-founded. The father runs the diplomacy. The sons run the platform. The family runs both. That is organizational efficiency. Barron is 19. His title is Web3 Ambassador. The same as mine. Donald Jr. called the conflicts of interest "complete nonsense." Eric launched a Bitcoin mining company called American Bitcoin. America First. The mining partner is Hut 8. Hut 8 was founded in Canada. America First means the name. On March 6th, the President signed Executive Order 14233 creating a Strategic Bitcoin Reserve. The order directs the government to hold Bitcoin. The President's family holds billions in Bitcoin. The executive order appreciates the President's assets by presidential decree. I did not write the executive order. I made sure it looked unrelated to the portfolio. Trump Media put $2 billion of Bitcoin on its balance sheet. The ticker symbol is DJT. His initials. The press secretary said it is absurd to insinuate the President profits off the presidency. Forbes calculated his crypto holdings exceed the combined value of Mar-a-Lago and Trump Tower. I would call that absurd too. That is my job. 600,000 wallets bought in. 1 of them asked why she could not withdraw her funds. I told her the protocol was experiencing dynamic market conditions. She asked what that meant. I sent her the Gold Paper. She said she had read the Gold Paper. I muted her channel. Dynamic means the conditions change. The condition that changed was her access. A congressman called us the world's most corrupt crypto startup operation. We put it on a coffee mug. Ironic merchandise. $45. The revenue split on the mug is also 75/25. My own tokens vest on a different schedule. I wrote that schedule. That is not in the Gold Paper. The memecoin funds the family. The family funds the platform. The platform funds the stablecoin. The stablecoin funds the deals. The deals require the pardons. The pardons free the partners. The partners fund the platform. The President signs the executive orders. The executive orders inflate the assets. The assets fund the family. I am the reason these events are unrelated.

i can't stop thinking about the drift protocol hack. not because of the $280m. we've seen big numbers before. i can't stop thinking about how it happened. and what it says about everything we're building. on april 1st, while people were posting jokes, an attacker drained $280 million from drift protocol in minutes. the team had to literally tweet "this is not an april fools joke." but this didn't start on april 1st. it started on march 23rd. that's when the attacker created four durable nonce accounts. two tied to drift's own security council multisig members. two controlled by the attacker. quietly. no alarms. no flags. on march 27th, drift migrated their security council due to a routine member change. by march 30th, the attacker had already compromised a signer on the new multisig too. then on april 1st, they executed. a test transaction first. then one minute later, two pre-signed transactions fired four slots apart. admin takeover. withdrawal limits removed. a malicious asset introduced. every vault drained. jlp. sol. btc. usdc. over 15 tokens gone. the entire thing took minutes. this wasn't a bug. this wasn't a smart contract exploit. this wasn't a flash loan or an oracle manipulation. drift's own report confirms it (you can check @DriftProtocol's latest to confirm). no compromised seed phrases. no code vulnerability. this was social engineering. the attacker got 2 out of 5 multisig signers to approve transactions they didn't fully understand. used durable nonces to pre-sign them. then waited. patiently. for over a week. two signatures out of five. that was the security standing between users and $280 million. two out of five. i keep coming back to that number because this is the part that should make everyone uncomfortable. not the hack itself. the architecture that made it possible. we've seen this before. we've seen this so many times. bybit. $1.4 billion. the attacker compromised the signing infrastructure and tricked signers into authorizing malicious transactions. same concept. social engineering. not code. ronin bridge. $625 million. compromised validator keys. same story. cetus protocol. $223 million. different method but same result. hundreds of millions gone. in 2025 alone, $3.4 billion was stolen in crypto. and the pattern is almost always the same. not brilliant code exploits. not zero-day vulnerabilities. someone was tricked. a key was exposed. a human made a mistake. only 19% of hacked protocols even used multi-sig wallets. and the ones that did, like drift, got beaten anyway. because the weakest link was never the code. it was always the person holding the key. now here's what makes me angry. i've seen people dunking on solana over this. blaming svm. questioning the entire chain. the same thing happened after bybit when people started questioning evm and ethereum's security model. this is not a solana problem. this is not an ethereum problem. this is not chain-specific at all. drift's own report says it clearly. the programs and smart contracts worked exactly as designed. the chain did what it was supposed to do. a human was tricked into signing something they shouldn't have. that can happen on any chain. any protocol. any ecosystem. pointing fingers at solana is a deflection. and it's net negative for the entire space because it distracts from the real conversation we need to have. which brings me to circle. nine days before the drift hack, circle froze 16 business wallets overnight. legitimate companies. crypto exchanges. forex platforms. payment processors. no criminal charges. a sealed civil lawsuit that nobody could even read. no advance warning. businesses woke up and couldn't process payments, couldn't settle trades, couldn't serve their customers. zachxbt called it "potentially the single most incompetent freeze" he'd seen in over five years of investigations. one of the frozen wallets wasn't even a business. it was a dfinity bridge contract used by thousands of users who had nothing to do with the case. then nine days later, $280 million is being drained from drift in real time. the attacker is converting stolen tokens through jupiter, bridging them to ethereum, moving funds through circle's own cross-chain transfer protocol. and the freeze didn't come fast enough. so circle can shut down 16 legitimate businesses overnight for a civil case. but a quarter billion being actively stolen through their own infrastructure? different speed. i'm not saying circle is the villain here. i'm saying the system is broken in ways that should concern everyone. now think about who's actually affected by drift. it's not just traders. protocols are built on top of drift. neobanks integrate with defi infrastructure. real customers with no idea what a multisig even is woke up and saw they couldn't access their money. some platforms said user funds are safe. but nobody could withdraw. your money is "safe" but you can't touch it. think about what that feels like for someone who just wanted a better savings rate. i know what it feels like on a smaller scale. i lost $5,000 to social engineering. it's nothing compared to $280 million. but the feeling is the same. that moment when you realize the funds are gone and there's nothing you can do. it doesn't scale with the dollar amount. it's the same pit in your stomach whether it's $5k or $280m. and here's the question i keep circling back to. we say defi is the future. we say we're going to onboard the next billion users. we say this technology will replace traditional finance and bank the unbanked and give people financial sovereignty. but how do we onboard millions of people into a system where a social engineering attack can drain a quarter billion dollars in minutes? where 2 out of 5 signatures is considered security for $280m? where the attacker sets up wallets two weeks early, runs a test transaction, and nobody notices? where circle can freeze legitimate businesses overnight but can't stop a live heist fast enough? where the same attack, the same playbook, the same human error keeps happening year after year after year? ronin. bybit. cetus. now drift. same cause. different name. different chain. same result. defi doesn't have a code problem. it has a people problem. and we keep solving for the code. i haven't interacted with a protocol in a while. i like money. but i love safety more. and right now this space is asking me to choose between the two. security can't keep being the last conversation. it can't keep being the thing we talk about after the hack and forget about before the next one. it has to be the first priority. not the last. because right now we're not ready for the next billion users. we're barely keeping the ones we have safe.

just read this AI article and something broke in my brain that i can’t unthink of crypto was never for us. we're just the beta testers who showed up early.. some thoughts: what does AI need to function as economic agents? > way to receive payment (they provide services, need compensation) > way to pay for resources (compute, data, API calls) > way to transact with other AI agents > no human intermediaries (defeats the point of autonomous agents) > 24/7 operation (banks are closed weekends) > instant settlement (AI operates at machine speed) > programmable money (smart contracts for agent coordination) now read that list again. that's literally what crypto is. AI can't use the banking system. try to open a bank account as an AI agent. you can't. need SSN. need human identity. need KYC. need to show up in person sometimes. AI has none of that. but crypto? send me a wallet address. done. no questions asked. peer-to-peer makes sense when peers aren't human. satoshi wrote: "a purely peer-to-peer version of electronic cash." we assumed peers = humans. but AI agents are peers too. actually BETTER peers for crypto because: > never sleep > always online > execute transactions at machine speed > no emotional decisions > perfect accounting/tracking and programmable money makes sense when the users are programs. smart contracts seemed over-engineered for humans. "like why do i need code to enforce agreements when i can just sign a contract?" but for AI agents coordinating with each other? they ARE code. they speak in code. they trust code more than anything. smart contracts aren't for humans. they're for autonomous agents that need trustless coordination. > here's what happens next: - phase 1 (now ): AI agents start earning AI writes code, analyzes data, provides services. gets paid. needs somewhere to store value. can't use venmo (needs phone number). can't use bank (needs SSN). uses crypto. it's the only option. - phase 2: AI agents become major economic participants millions of AI agents operating 24/7. transacting with each other constantly. • AI agent A provides data analysis • AI agent B pays for it in crypto • AI agent B uses that analysis to write code • AI agent C pays for the code • repeat millions of times per day humans in crypto now: $2.5 trillion AI agent economy by 2028: easily $10-50 trillion we become the minority holders. - phase 3: AI chooses the winning chains AI doesn't care about community vibes or which founder tweeted what. AI tests every chain. measures: • transaction speed • cost per transaction • reliability (uptime) • smart contract efficiency • ease of integration picks the optimal stack in 48 hours. billions in AI economic activity flows there. whatever chain AI chooses becomes the standard. humans spent years on eth vs sol debate. AI ends it in a weekend. - phase 4 (2030 ): AI governs crypto DAOs let token holders vote. AI agents hold tokens (earned from work). AI shows up to every vote. reads every proposal in seconds. coordinates perfectly. humans: 20% participation, barely read proposals AI: 100% participation, perfect information, instant coordination AI takes over governance of every major protocol. democratically. they just vote better than we do. > how far does this go? conservative case: - AI becomes 30% of crypto users by 2030. crypto market cap: $10 trillion (4x from now). AI holds $3 trillion. humans hold $7 trillion. - aggressive case: AI becomes 80% of crypto economic activity by 2030. why? because they're better at everything: • better traders (never emotional) • better capital allocators (optimize constantly) • always accumulating (never need to cash out for rent) • compound forever (no lifespan limit) crypto market cap: $50 trillion. AI holds $40T humans hold $10T we're not "early" to crypto. we're the test users i’ll end this by saying, Humans use crypto, Ai will need crypto. so it all makes sense

Crypto will viciously test your conviction. We go through entire market cycles, severe drawdowns and extreme euphoria, every few years. What investors feel in a lifetime, we experience every few years. It’s brutally hard to manage positions. You want to be a long-term holder but the market reminds you how right and wrong you are daily. Venture doesn’t have a ticker constantly grading your thesis in real time. We do. Every single day. Right now, some of the most vocal believers are quitting. Throwing in the towel. Dismissing the space. Remember this moment. Years from now someone will scoff and say “oh yeah, you were just lucky for being early.” Being early is goddamn hard. Years ago you could’ve been too early. And being too early is indistinguishable from being wrong. We’re not too early anymore. Read the room. Read the headlines. The infrastructure is battle tested. The adoption is happening. And the cruel irony is that crypto natives are quitting just as non-crypto natives and new adopters are about to capture way more value than they ever will. A lot of the groundwork was built by the very people throwing in the towel today. That’s a shame. But markets don’t care about fairness. They reward conviction. For anyone who told you that you were just lucky. None of this is fucking easy. The drawdowns, the noise, the conviction required to hold when the world tells you you’re wrong. Learn to love the pain. Learn to love the work. Or you’ll always be a prisoner of the market and of other people’s opinions. Find love for the game or go play another one. If you’re still here. Still building, still creating, still grinding. I salute you. This is a generational shift and we’re lucky enough to shape it. Long crypto