you can't control outcomes. only effort. so control that completely.

Get your money out of @MorphoLabs and @eulerfinance! Here's why. They take your USDC and give it out to insolvent protocols that leverage loop scam stables like xUSD by Stream Defi which just lost $93M of user money. The incentives are totally misaligned. Curators on Morpho and Euler want higher TVL, yields, and performance fees. They don't care about user security as they plug your money into literal ponzies. That's because users take on all the risks. Curators take the fees and Morpho + Euler brag about increasing TVL. It gets worst. Because the xUSD oracle price on such platforms was hardcoded to > $1, it ignored secondary market price movements when xUSD crashed. Why is this bad? Instead of selling xUSD to protect lenders of USDC into such pools, nothing happened. The hardcoded price prevented liquidations that would have protected USDC lenders. Since the protocol still believes xUSD is valued at $1 or above, anyone that provided USDC into such pools are stuck with bad debt, aka worthless xUSD, while the USDC was drained out. In other words, they took the USDC and lenders were left holding a big bag of nothing. The scam is now exposed. Those that took out the USDC have no reasons to pay back their debt since the collateral they posted (xUSD) was worth zero in reality. Stream Defi also paused withdrawals since the crash = insolvent. Why would anyone give up their USDC in the first place? Because they were promised up to 18% APY on USDC. That's 4x more than the going rate today. The APY was fake and created by leverage loops. They took your USDC, looped it 9 times to generate more xUSD and that extra "APY". Since more and more xUSD was created from thin air, its actual backing was lower than $1, despite what the oracle price said. Those late to exit, got rugged. Why is this bad? Because everyone from Morpho, Euler, and their curators knew what was happening. Yet, they kept this going until it imploded. They had no incentive to stop it. Morpho and Euler will argue they only provide a platform for curators and users to meet. After that, their job is done and have no responsibility. Really? I'd argue they enable and promote literal scams. The curator model is broken because it allows bad actors to profit from any reputation such DeFi platforms have. It was just a matter of time until it got bad. Like, share, and follow @DU09BTC

story time TLDR: lessons on doing things that others will not, and playing long term games. early in my career when I was looking to make a name for myself, I was continuously on the lookout for new opportunities. namely I was always trying new technologies that I could get in early on and make a name for myself, and hopefully ride the wave of upward trajectory that often comes when you're early to something big. for me, react native ended up being that first technology (and since then, there have been countless more that I've seen others capitalize on, and have also capitalized on) me and my manager asked our company to let us build our new mobile app with React Native when it was only a month or two old at the time (School Status) we were so early that most answers for our problems did not exist, and we had to figure them out ourselves, so I learned a lot and also spent most of my free time experimenting with edge cases and just building with it because I wanted to know... well I wanted to know everything about React Native. back then I had heard that people used stack overflow for recruiting, hiring, etc.. but never had the chance to really stand out there, because most of the questions coming through were not my expertise. but I realized that stack overflow had a decent number of questions coming on on react native, questions that I was able to answer. I started keeping a tab open on my computer, checking it every hour. I began relentlessly watching for new questions and giving answers to things I knew. .... but also answering questions i did not know, keeping an open React Native app instance and reproducing all of the errors and issues I was seeing there to fix them and provide answers. I quickly started racking up points there and became #1 of the month, of the year, and finally of all time. I'm still #1 of all time there, by a lot. around that time I started becoming active on social media, talking about React Native and trying to frame myself as an expert. even though I didn't feel like an expert at the time, I probably was (compared to most people) I decided to start a podcast. but I barely had any followers or network at the time, so I knew it would be hard to get any distribution. I decided to attend a React Native conference, which even though me and my family were not able to afford much things like vacations at the time, I knew it would be a great opportunity for a handful of reasons so I paid for myself to go and I went. one of the reasons I wanted to go was that the founder of the #1 (or top 5 at least) at the time podcasts, JavaScript Jabber, was going to be there, and I wanted to pitch him an idea. I told him that I would create a React Native podcast. I would do all of the work. I would do management, recording, production, deal with guests, everything. and I'd hand over the finished episodes, and he could launch them on his network and charge whatever he's like for advertising. this was a no brainer for him, especially if I delivered. and I did. well actually WE did, as it was a team effort. we ran this podcast for a number of years, and I had help from some amazing cohosts. it's still going strong, now managed by @infinite_red - @ReactNativeRdio at some point during this time I also started creating open source, including React Native Elements which quickly became the #1 UI kit in the React Native ecosystem and held that spot for a number of years. x.com/dabit3/status/77425216… during this time I traveled to many conferences, doing some speaking, and almost always paying my own way. growing my network and presence along the way. at some point during all of this, opportunities started rolling in and momentum never really stopped. consulting opportunities, book deals, job offers, and other random things like more speaking engagements. almost all of the things listed above that I did to get to that point, I did for free, with no expectation of immediate payment. but with the understanding that sometimes you have to do things that don't pay off immediately. but over time they do pay off. and they did pay off. I've left out a lot of things, mainly that no one is self made and that I was fortunate to have incredible friends, coworkers, bosses, mentors, and help along the way. but that's the end of the story. I think people sometimes think they should wait for the perfect opportunity to come to them. and that things will be just given to them, or handed over, because they came from a certain school, background, or maybe they think they deserve it for some reason (and later in your career you can indeed demand this in many circumstances) but in reality, you're competing with the entire world. especially today where we are all connected. literally everyone in the world is capable of accomplishing almost anything digitally. so you have to go out and take action, do things, and realize that sometimes you sacrifice a little up front for a huge payoff in the back.

All of this, plus one addition: #18: Surround yourself with people better than you. You can do everything on this list and plateau if you're the smartest person in every room. Top 1% isn't achieved alone. It's achieved by: • Learning from people ahead of you. • Being pushed by people around you. • Teaching people behind you Skill + Focus + Right Environment = Inevitable.

story time TLDR: lessons on doing things that others will not, and playing long term games. early in my career when I was looking to make a name for myself, I was continuously on the lookout for new opportunities. namely I was always trying new technologies that I could get in early on and make a name for myself, and hopefully ride the wave of upward trajectory that often comes when you're early to something big. for me, react native ended up being that first technology (and since then, there have been countless more that I've seen others capitalize on, and have also capitalized on) me and my manager asked our company to let us build our new mobile app with React Native when it was only a month or two old at the time (School Status) we were so early that most answers for our problems did not exist, and we had to figure them out ourselves, so I learned a lot and also spent most of my free time experimenting with edge cases and just building with it because I wanted to know... well I wanted to know everything about React Native. back then I had heard that people used stack overflow for recruiting, hiring, etc.. but never had the chance to really stand out there, because most of the questions coming through were not my expertise. but I realized that stack overflow had a decent number of questions coming on on react native, questions that I was able to answer. I started keeping a tab open on my computer, checking it every hour. I began relentlessly watching for new questions and giving answers to things I knew. .... but also answering questions i did not know, keeping an open React Native app instance and reproducing all of the errors and issues I was seeing there to fix them and provide answers. I quickly started racking up points there and became #1 of the month, of the year, and finally of all time. I'm still #1 of all time there, by a lot. around that time I started becoming active on social media, talking about React Native and trying to frame myself as an expert. even though I didn't feel like an expert at the time, I probably was (compared to most people) I decided to start a podcast. but I barely had any followers or network at the time, so I knew it would be hard to get any distribution. I decided to attend a React Native conference, which even though me and my family were not able to afford much things like vacations at the time, I knew it would be a great opportunity for a handful of reasons so I paid for myself to go and I went. one of the reasons I wanted to go was that the founder of the #1 (or top 5 at least) at the time podcasts, JavaScript Jabber, was going to be there, and I wanted to pitch him an idea. I told him that I would create a React Native podcast. I would do all of the work. I would do management, recording, production, deal with guests, everything. and I'd hand over the finished episodes, and he could launch them on his network and charge whatever he's like for advertising. this was a no brainer for him, especially if I delivered. and I did. well actually WE did, as it was a team effort. we ran this podcast for a number of years, and I had help from some amazing cohosts. it's still going strong, now managed by @infinite_red - @ReactNativeRdio at some point during this time I also started creating open source, including React Native Elements which quickly became the #1 UI kit in the React Native ecosystem and held that spot for a number of years. x.com/dabit3/status/77425216… during this time I traveled to many conferences, doing some speaking, and almost always paying my own way. growing my network and presence along the way. at some point during all of this, opportunities started rolling in and momentum never really stopped. consulting opportunities, book deals, job offers, and other random things like more speaking engagements. almost all of the things listed above that I did to get to that point, I did for free, with no expectation of immediate payment. but with the understanding that sometimes you have to do things that don't pay off immediately. but over time they do pay off. and they did pay off. I've left out a lot of things, mainly that no one is self made and that I was fortunate to have incredible friends, coworkers, bosses, mentors, and help along the way. but that's the end of the story. I think people sometimes think they should wait for the perfect opportunity to come to them. and that things will be just given to them, or handed over, because they came from a certain school, background, or maybe they think they deserve it for some reason (and later in your career you can indeed demand this in many circumstances) but in reality, you're competing with the entire world. especially today where we are all connected. literally everyone in the world is capable of accomplishing almost anything digitally. so you have to go out and take action, do things, and realize that sometimes you sacrifice a little up front for a huge payoff in the back.

:( I have nothing to say.

3 business models that work in crypto: * asset issuance * assets under management * volume

We’re aware of a potential exploit impacting Balancer v2 pools. Our engineering and security teams are investigating with high priority. We’ll share verified updates and next steps as soon as we have more information.