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Milton Friedman said we can't have free immigration and a welfare state He was wrong Turns out that if you create pathways for illegal immigrants to vote, then actually, 100% of the time you INEVITABLY end up with both a welfare state and free immigration Because incentives determine actions Whichever politicians realize they can essentially use taxpayer dollars to fund welfare to import voters will exploit this hack ruthlessly 1. Offer welfare 2. Allow illegal immigration 3. Let illegal immigrants vote (they will 100% of the time vote for more welfare) 4. Win office 5. Raise taxes, offer more welfare, repeat It's a self-reinforcing feedback loop Allowing illegal immigrants to count in the census and vote cements this loop Literally only 12 states require proof of citizenship to register to vote. Look it up. It's horrifying. That is why 15m illegal immigrants came across the border in 4 yrs. It is game theory the only smart thing to do This ends in disaster
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🚀 Join the world's biggest mobile hackathon and compete for $1M in prizes. Register now ->
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Crypto exchanges bankrupt Mt Gox, Quadriga, Voyager, Celsius, BlockFi, FTX.. DeFi solutions gone LUNA/UST.. Cold wallets hacked Coldcard.. There is NO safe solution You ALWAYS carry high risk to lose funds The only real mitigation is a return that justifies the risk taken
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🚀 Calling all innovators in Pakistan! We're thrilled to launch Pakistan's First and Largest Alibaba Cloud AI Hackathon—a unique opportunity for students, developers, entrepreneurs, and AI enthusiasts to turn bold ideas into real-world solutions powered by cutting-edge cloud and AI technologies. 📅 Registration closes: 7 August 2026 🔗 Secure your spot now: • Build with Alibaba Cloud’s advanced AI tools • Win cash prizes & exclusive Alibaba Cloud credits • Get direct mentorship from our tech experts • Showcase your talent on a national stage At Alibaba Cloud, we believe the future is built by local talent. Let's build it together. 💻✨ #AlibabaCloud# #AIHackathon# #CloudInnovation# #DigitalPakistan# #HackWithAlibabaCloud#
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With all the talk on hard wallet saftey, I'll share my own experience My hardware wallet didn't get hacked. It just stopped working. Nearly cost me everything in it. I had BTC in an old Trezor, multi-sig setup. Ran a firmware update. Afterward I couldn't sign transactions anymore. The only thing that saved me was having the seed written down somewhere else. Ledger has a different failure mode. The screens on old Nanos fade over time. No readable screen means you can't enter your PIN and no access to the device. Neither of these is a hack. The hardware just stops cooperating. That's the part you don't plan for. So know that you could also be at risk of losing your Bitcoin and crypto if you have it stored in old models of Trezor or Ledger wallets. Make sure to keep your devices updated and double check that you have the seedphrase backed somewhere. I recommend multi-sig also for security.
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JUST IN: Bitcoin stolen from Coldcard hardware wallet hack now exceeds $88,000,000.
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My pretty feet hacking ur frontal lobe.💓
Either @AnthropicAI is terrible at building sandboxes... or excellent at marketing. (or both) But enough with the “we created a hacking monster” games. Do it for real. I put this in an @BitGo wallet for you. Go get it. 100 BTC: bc1qg4jcyumevszta3rs869v9jrf6rz9z360svp03jsl5xcryfd7xqvs4hurnq
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$1.6 million dollars in Bitcoin was drained from my account on July 29th in the Cold Card wallet hack. My Bitcoin was in cold storage. My keys were on a ColdCard device kept in a safety deposit box that had never been connected to the internet. This part's nerdy, but here's what happened: Hackers discovered a vulnerability in the part of the hardware wallet code used to create seed phrases. This allowed them to use AI to brute force guessing seed phrases. I was at our cottage and heard about the hack today. "No way this affects me." I thought. I logged into Wasabi––software that lets me view my bitcoin wallets online. Right away I saw lines of red transaction–withdrawals–and I knew. From 9:36pm - 9:43pm on July 29th, every wallet I had had been emptied. 18.25245043 btc gone. That's just over $1.6 million dollars CAD. Perhaps the hardest part about this is that I did everything right. I never shared my seed phrase with anybody. My devices never touched the internet. Everything was kept in multiple safes and safety deposit boxes. None of it mattered. All because the hardware that created the seed phrase originally had one line in their code from 2021 that had a vulnerability. I'm filing a police report and a report with the Ontario Securities Commission. But I don't expect to recoup anything. A part of me is trying to make sense of what just happened. Or try to figure out a lesson in it. I'm struggling. $1.6 million is a staggering amount of money to have stolen. I guess all that I can think about right now is that I'm so damn happy that I'm an entrepreneur and that my earning potential is under my control. Mark my damn words. I'll recover.
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