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Michael Bentley

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@euler_mab

Background in dynamical systems & evolutionary game theory @UniofOxford. Former CEO of Euler Labs.
Ethereum Joined September 2020
3.6K Following 17K Followers 5.4K Posts

Latest posts 5

Michael Bentley Verified account @euler_mab
The secret ingredient is crime?

I would take a serious look at the people who sanctioned this and their relationship to those providing the service.
MaxC | Flight Risk Capital Verified account @ColeFusionHQ Oct 31
HMRC's new customer system will cost somewhere between £1.7bn and £4.4bn. Give or take £2.7bn. Bold to buy software like it's 2015.

The entire sovereign AI fund is £640m.
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10 replies 0 reposts 31 likes 1.9K views View on X
Michael Bentley Verified account @euler_mab
Insane timing 🍿
Encrypted Films Verified account @Encrypted_Films Oct 30
The scale of the danger North Korea poses to crypto has become impossible to ignore.

This is the story of the investigators exposing North Korean operatives working inside the industry.

You think you know who your developer is.

But do you?

🎬 Introducing THE DEVELOPER.
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2 replies 1 reposts 16 likes 2.3K views View on X
Michael Bentley Verified account @euler_mab
I need to tell the full story of this properly one day. It’s so much more colourful than anybody knows.

Everyone assumed it was onchain sleuths or the FBI that solved it. But that really wasn’t what happened. It was only after he’d returned the money that anyone really figured out who he was.

The recovery came down to our team refusing to give up, many crazy late-night conversations between me and Federico, a lot of bluff and counter-bluff, poker-style tactics, and an unexpected helping hand from Lazarus.

We weren’t able to say what actually happened for a long time for a variety of complex reasons, but it’s a very compelling and ultimately tragic human story.
Gravity Research Verified account @GravityRsch Oct 30
@euler_mab getting all the funds returned still makes it one of the weirder weeks on ct.
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24 replies 2 reposts 158 likes 9.5K views View on X
Michael Bentley Verified account @euler_mab
Nice to be out of the top 10
Santisa Verified account @Tiza4ThePeople Oct 30
Top #10 list of largest thefts in human history:

1. Binance hack ($5B?)
2. ByBit hack ($1.6B)
3. Central bank of Iraq ($900M)
4. Ronin bridge ($615M)
5. Poly Bridge ($610M)
6. Coincheck ($530M)
7. Gardner Museum ($500M)
8. FTX hack ($477M)
9. Mt Gox ($460M)
10. Wormhole ($320M)
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21 replies 5 reposts 353 likes 21K views View on X
Michael Bentley Verified account @euler_mab
I remain a sceptic of the bitcoin block reward halving mechanism.

Fee revenue supporting security is still a long way off.

I would be much more bullish if it had perpetual inflation.
UTXOHub Verified account @utxohub Oct 25
Bitcoin's last 144 blocks, about a day, carried 727,374 payments. Together they paid miners 1.73 $BTC in fees, about $139,000. Around 19 cents each.

New coins paid those same miners 450 BTC, so fees were 0.38% of what they earned.

The halving block in April 2024 paid 37.6 BTC in fees on its own.

What pays miners as the new coins shrink?
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