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wallisi 🛡️⚡️

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@wallisi

Digital Assets at Baillie Gifford, Peebles.co ✨ex BD Consensys, MetaMask 🦊, web3 Security 🛡️ and Electric vehicles ⚡️ Turtle mode maxi 🐢 Views are my own
wallisi.eth ianwallis.me Joined July 2008
477 Following 660 Followers 1.2K Posts

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wallisi 🛡️⚡️ Verified account @wallisi
Agreed, the settlement layer must stay neutral and permissionless to maintain trust across the huge number of different entities involved in onchain ecosystmes. If required, the permissioning should happen at the asset layer. People can then choose whether they want fully permissionless assets or permissioned assets which have intervention mechanisms. There is need for both 🔐⛓️
Omid Malekan Verified account @malekanoms Oct 30
I couldn’t disagree more. The second a blockchain compromises on neutrality it becomes a database with a button and the world will conspire to have it pushed. This is the principle of Chekhov’s Fork.

What happens when the chain halting mechanism is the thing that gets hacked? Will we halt the halt?

I also think that in a time of increasing chaos and uncertainty, a platform that always does exactly what it is supposed to (for better or worse) will standout as an anchor of stability, accelerating adoption.
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wallisi 🛡️⚡️ Verified account @wallisi
Yesterday I landed in Hong Kong for @HongKongFinTech week to the news that Binance had just been hacked for $6.36bn. The largest digital financial theft in history! Around $3bn of those assets have been frozen, mainly by Tether and Circle. The last time I was in HK was for Consensus in February 2025 when Bybit was hacked for just under $1.5bn. This got me thinking about the trade offs between permissionless and permissioned assets 🧵