Wait so every time I post on TBA I’m in breach of MiCA Article 4?

So TBA is basically Coinbase saying we want to be square.

We’re launching on @base.
Base is bringing a billion people onchain.
We’re making sure they're entertained once they're here.

TBA = The Based App?

I’m just fearfully waiting for the day when a malicious actor mints 1T USDC and dumps it before nobody can do anything.

Everyone’s looking for chain killers in other chains. Solana vs Ethereum. XYZ vs Solana. 

That’s the wrong frame. Chains don’t kill chains. Apps do. 

If pump had launched on another L1 and scaled, it would’ve killed Solana.

The new coinbase wallet looks like a legitimate chainmaker/killer. A distribution-layer superapp plugged into Coinbase and Base stack. 

If you're building anywhere else, you’d better have a good reason.

When building apps for users, especially beyond crypto, distribution is everything.

In a rare turn of events, GMX exploiter claims to return funds 

Does anyone have stats on how often exploiters actually return funds?

https://arbiscan.io/tx/0x1d806cbb459b06d1b8af6ae2555fc9e0efa0f20d3eb023781eeb31f4919feac0

Kraken’s website indicates they sell some of the Pump ICO to Europeans 

https://www.kraken.com/pump-sale

This would mean Pump must have notified a MiCA compliant WP which should also be available for EU persons to view. 

Or is Kraken in breach of MiCA..?

GMXv1 hacked for $42m. 

TVL is not an indicator of protocol security

GMXv1 hacked for $42m. 

TVL is not an indicator of protocol security https://www.roinevirta.com/posts/hacked

Flashblocks are now enabled on Base mainnet, reducing pre-confirmation times to 200ms soon. 🔥

Based

Are audits beyond the second one marginally beneficial or just window dressing?

Data from SCAS

Risk of your crypto project getting exploited is not, primarily, a function of its TVL:

Risk of your crypto project getting exploited is not, primarily, a function of its TVL: https://roinevirta.com/posts/hacked/

dApps are undermonetised. UX is suboptimal.

AA+NIM=Greatness.

finland

CTO at @basedapp | Advisor swan.meme | Prev. cofounder Membrane Finance (acquired by Paxos) | roinevirta.com

roinevirta.eth

@roinevirta