Codiar @Codiar6
Cognizer of DeFinomic; THORChain ᚱ unNe ᚱ ⚡️; Joined January 2018-
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$ZEC on @THORChain is almost here now. Don’t think I’ve been more bullish on an integration than I have been on this one. This will make @THORChain the one and only permissionless privacy DEX.
THORChain's nodes are getting ready for the $ZEC integration. Every THORChain node runs its own Zcash full node. They can now start scanning the @Zcash blockchain, ahead of the next churn, and report what they see to the network. Scanning comes first to make sure each node is
For those who have not yet understood the aspects of decentralization, please read again ⚡️
@WuBlockchain @GracyBitget The pause in May was a solvency checker. THORChain was completely broken and could not function. It has nothing to do with arbitrary "pausing". And the video clips shown have no revelance to the current situation. THORChain is controlled by Nodes, is decentralized and is
The pause in May was a solvency checker. THORChain was completely broken and could not function. It has nothing to do with arbitrary "pausing". And the video clips shown have no revelance to the current situation. THORChain is controlled by Nodes, is decentralized and is permissionless. Nodes can and will pause if there is something wrong with the Native Layer 1s we support, like LTC having the reorg issue a few months ago (which caused the solvency checker to fire as under 1k went missing from a vault) The devs have no control over the network, the quorum of the Node Operators is what determines THORChain's destiny.
@IBSvalidator @bitget @THORChain Excellent presentation of material
$RUNE REPRESENTS A DIFFERENT DEFI MODEL. THORChain focuses on native cross-chain swaps without requiring users to wrap every asset into a synthetic version. Cross-chain liquidity remains one of DeFi's hardest problems. #RUNE #THORChain #DeFi #Crypto
$RUNE with the market cap of $NEAR is $20.83. You can buy it today for under 80 cents at a $250M cap. $ZEC integration starting today. $XMR next week.
Does this mean we’ll finally be able to swap zcash:native and other crypto without the risk of funds being frozen mid-swap?
THORChain's nodes are getting ready for the $ZEC integration. Every THORChain node runs its own Zcash full node. They can now start scanning the @Zcash blockchain, ahead of the next churn, and report what they see to the network. Scanning comes first to make sure each node is
The fact that NEAR could freeze funds proves that it is not decentralized enough. Anytime a single actor can censor a transaction on a platform that platform is not decentralized enough. We shouldn't be surprised at NEAR's actions to freeze funds. People will generally do what is in their self-interest. In this case, NEAR's self-interest is compliance to please government regulators. That's why the concept of decentralization has always been one of the core tenants of cryptocurrency. Decentralization make it impossible for governments, custodians, or bad-actors to limit or steal from others. So NEAR isn't decentralized in the sense that the Crypto currency community understands that term - they are misusing it. They may actually be seeking to change the commonly understood meaning of the term which is pretty deplorable.
I believe a public campaign should be made against companies like @bitget and @NEARProtocol for misappropriating ‘decentralization terms’ to describe company behaviors and acts that are well and commonly and historically understood in the broader financial industry to be
THORChain's nodes are getting ready for the $ZEC integration. Every THORChain node runs its own Zcash full node. They can now start scanning the @Zcash blockchain, ahead of the next churn, and report what they see to the network. Scanning comes first to make sure each node is ready. Once the scanners are healthy, $ZEC can be switched on at churn.
NEAR 和 THORChain 争的不是谁更会写通稿 争的是钱到底是谁的 一边是华尔街基金养大的企业链。a16z 领投过,Pantera、Electric、Coinbase Ventures、Tiger Global 这类名字都在桌上。钱从沙盒谷和纽约来,产品就会像沙盒谷和纽约想要的样子:可编程,能接风控,能按名单放行,能在中途把一笔意图按住。这次冻黑客,对公司是正确决定。正确,是企业语言。企业语言成不了货币。 另一边是散户自己押进去的结算层。THORChain 没有人替你审批地址。想停网,去买 RUNE、去做节点、去投票。单个人按不了太久,少数人提案也能被打回去。脏、慢、挨骂,但这是散户大本营该有的样子:门开着,不先问你是谁。 有人说,让坏人也能用,就是给黑客修路。 这句话听着正义,结构是缴械。 枪支的逻辑也一样。你若把持枪变成一套审批,最后常常变成:坏人照样有办法拿到,好人办事处处要许可。工具一旦变成特权,特权就不会平均分配,它会按关系、按立场、按谁能进办公室来分配。无需许可不是喜欢坏人,是拒绝让国王决定谁配拥有工具。 钱更是如此。现金不管你买咖啡还是买毒品。它没意见。没意见,才叫流通。 一开始就给钱装接口,接口就要解释,解释就要开会,开会就是公司治理。治理下的余额,叫许可,不叫货币。 别觉得这是危言耸听。2022 年加拿大动用《紧急状态法》,银行按政府指令冻结与抗议相关的账户,大约两百多个账户、近八百万加元,不少事先没有法院逐笔审判。后来有法院认定这次动用紧急权不合法。当时被按住的,不只是你讨厌的人,也包括捐过钱、被关联、家里共用账户的普通人。媒体、抗议者、金主,在国王眼里都只是“指定人员”。 借口永远现成:国家安全,公共秩序,打击犯罪。 开关一旦在,借口只是换台词。 所以今天 NEAR Intents 冻黑客,不是终点,是演示。演示给所有人看:这条路上坐着人,人可以做好事,也可以做国王。加拿大已经演示过后半句。你鼓掌前半句的时候,后半句的电闸已经装上了。 THORChain 保护的不是好人证件,是所有人的路权。坏人会走这条路,好人也会走,政敌也会走。因为一个坏人封掉整条高速,让所有开车的人一起受罚,那不叫抓贼,那叫连坐。国王最爱连坐,因为连坐最省事。 我们不要这种省事。 华尔街可以继续做它的合规产品,做它的风控层,做它的英雄新闻。散户若还要自己的钱,就守住那条不用问路的公路:@THORChain,以及同一套精神往隐私资产走的 @THORXMR。 所有人都可以走。 不是坏人容易走、好人要审批。 不是政府不喜欢你,卡就停了。 风可以进,雨可以进,国王不能进。 无需许可,不是口号。是唯一能把国王挡在门外的那把锁。
To begin with, as a decentralized exchange, @THORChain has never promised anyone that THORChain is here to protect or safeguard people money. All we have been advocating all these years is to encourage people safeguard their own money with full self-custody wallets. So, from
@AC_Chukwuma @MistTrack_io @Bybit_Official @THORChain @bitget @binance @cz_binance I have long used @binance for certain transactions and appreciate the contribution they have made to the development of the industry, while at the same time I am in favor of real #DEXs and would like to see the situation objectively from such DEXs
My take on the whole Near privacy vs permissioned drama: We have had hardcore cypherpunk systems in crypto for decades. That has been the entire ethos of this industry, and they has taken us this far. We have the fruits of that experiment. We also have the scars, too. Incredible amounts of lost funds, North Korean exploits, user harm, etc. A new experiment, one where we can discern between good and bad and take action as a result, is worth having. Spare me the slippery slope of "but all our freedoms will be threatened!" We still have the maximally permissionless systems too - you can use those.
Crypto space really has a choice - grow the f up or get sidelined with random regulations. Saying we can not do anything when we are programming decentralized system is just untrue. Banks run AI for fraud detection but are inherently centralized and require KYC. At the same
Bitget’s recent hack has put THORChain under scrutiny after some of the stolen funds moved through its cross-chain swap protocol. But the dispute raises a broader question: should permissionless networks be able to block specific wallets? bsc.news/post/bitget-ha…
If you don’t want to provide a service - no problem. But if you accept a transaction, start execution, take custody of the assets, then refuse to fulfill your side and demand additional actions before returning them - that’s exactly the kind of power crypto was supposed to eliminate. That distinction matters.
$NEAR Intents is censorable. They just demonstrated they can stop transactions mid-execution and freeze funds. Today they freeze a hacker. Tomorrow they can freeze you and demand KYC, proof of funds, or whatever else before giving you access back. The reason for censorship is irrelevant. What matters is that the capability exists. If someone can decide whether you are allowed to move your money, you don’t have permissionless money. You have money by permission. Hold unstoppable $ZEC , be careful with exchangers like @NEARProtocol
NEAR is permissionless programmable money. Permissionless means nobody needs permission to own and transfer assets, or deploy contracts on NEAR. It does not mean every application or liquidity provider must process every transaction. SHIELD is how NEAR Intents applies this in
This means they can freeze your funds too ‼️
🚨 TODAY: NEAR Intents says its SHIELD system rejected over $50M in Bitget hack funds and froze $503K mid-transaction.
@IBSvalidator @bitget @THORChain Circuit kill switches and selective censorship are different things. Thanks to Thorchain's independence and decentralization, $Btc and others have a chance to maintain free movement without KYC and permissions
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