Why is onchain so dead? Well, the cyber war has already started, and a potential black swan event is around the corner. This feels similar to the COVID moment from 2019 before the world shut down. We break down how to hedge for a worst-case scenario where AI introduces a major flash sell-off event 👇 Why The AI Black Swan Event Might Be Around The Corner! BE READY TO BUY! In the last 48 hours the @NSACyber, the @FBICyberDiv, @CISAgov and even the prime minister of Japan all told people to take their systems offline, and almost the only place anyone is talking about it is @X. That is exactly what late 2019 felt like for us. We remember the videos of smoke in the streets in China months before the rest of the world was paying attention, and we remember what that did to markets once pandemic day came. We walk through the wave of breaches: two critical PHP bugs that leaked before the patch, roughly 1.5 million unpatched servers, a decade-old GitLab flaw, LiteLLM shipping a credential stealer, @Railway pausing every deployment, and a certificate authority whose private key was literally the number four. We talk about who might be behind it, what @OpenAI disclosed, and why major US banks are now finding AI agents acting inside customer accounts. Then we bring it back to positioning. We compare Bitcoin's COVID crash, a 50% drop in about a month, with the slower bleed we have lived through this year, look at the doomer prep posts going around, and talk through a theory that a crisis like this ends with everyone being handed government-approved stablecoins. We are not predicting any of it, and none of this is financial advice. What we keep coming back to is that the scariest part of a black swan is not the event, it is how it changes what you do in the moment. When there is real blood in the streets, almost nobody has the composure to buy, and the people who come out ahead are the ones who set aside dry powder before the panic, not during it. The other lesson from 2020 is that time still moved forward. Fear content spreads faster than anything else on these feeds, and if you let it fully take over, you risk sitting out the recovery that came six months later last time. Being aware and prepared is different from being paralyzed, and that difference is what we are trying to hold onto right now. YouTube 🔗 youtu.be/oEBoB1Hb25M

We interviewed Nick Bain, head of business dev for @WhiteBit Podcast #337 dropping Saturday👇

A $29M treasury, a token down 90% from its high, and games that pay you in stocks. Most people see a dead chart. We see something we've watched play out before. @NetNetCap

Spending only a tenth of a percent of the value of the network on security is ludicrous. Its deafening how quiet everyone is about this. Its pretty clear no one has a solution for this. There's a few of us NAT worried at all.

Binance makes $15B a year and just quit mining Bitcoin. Genesis Digital pivoted to AI. @FoundryServices's CEO stepped down, then liked a @natgmi tweet the same day. The security budget problem is already here and the ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 community is the only one preparing for it. We discuss 👇 Downside Of Building In Public | Retail Signaling | Binance Pool Shutdown | TBR #336 Hash from Prism was supposed to join us this week, but didn't show up, so we talk about what the internet does to founders, from the backlash after his MCG livestream to promising teams like Printr that folded under public pressure. Then we walk through @iman_blockrun's FOMO experiment, turning $500 into $500,000 with only a few high-conviction trades and preset sell targets. From there we ask whether crypto is still an opportunity for the little guy. Innovation has stalled into recycled launchpad metas, @RobinhoodCrypto has listed exactly one token while promoting projects not from the trenches, and Google Trends shows the rest of the world searching for crypto while America looks away. We close with the biggest story of the week: @binance shut down its Bitcoin mining operation, Genesis Digital pivoted to AI, and Foundry's CEO liked a @natgmi tweet the same day he stepped down. We break down Bitcoin's security budget problem, why it is bigger than quantum, and why we think the community that sees it coming is the one building a fix. The mining news is the part we cannot stop thinking about. If even Binance cannot make Bitcoin mining profitable, every smaller miner is running the same math, and a network meant to secure a $400 trillion asset cannot run on hope. Nobody wants to talk about it because the obvious fixes break what people love about Bitcoin. That is exactly why we keep pushing ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247: it funds miners without touching the 21 million cap, and the more people who see that, the more tickets we hold in the lottery that decides who gets noticed. YouTube 🔗 youtu.be/kFj8zPQOgpI