GM! Your Server. Your keys. Multi-strategy systems. @CryptosystemsFi
Obsession is progression
Joined November 2022
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What bothered me about the Railway thing was not only that the key was in their environment variables, but that rotating it meant waiting on them, and they had already paused the deployments hours before.
So you could see the problem and still not do anything about it.
Worth noting for the recent Railway compromise is that there were surprisingly many Crypto funds lost.
No key sitting on some machine should be allowed to withdraw.
A trading connection does not need that.
Once it can withdraw capital you are sitting on borrowed time.
The remaining counterparty risk in Sovereign is:
Hyperliquid - Trading venue; no way around that
AWS - server hosting; HL trade-only api key
Our Software - runs on your aws server; interpretes and executes trade logic
If AWS or our software fails -> you always control your wallet
CelestialEye | Cryptosystems.org retweeted
If the rules you have only get followed when you are there watching all day then you hardly have a system.
Rather you got a second full time job that punishes sleeping, being worn down, living life to it's fullest and anything else that requires your attention.
A key that lives in someone else's environment variables storage is a key they can lose for you.
An urgent notice from the Railway team
blog.railway.com/p/security-…
Why AWS?
With AWS Quick Create we can pre-define the full required network and technical setup without us ever having to touch the server that it will create.
This allows a clean functional server setup at no technical complexity that works without us accessing anything.
1/8
With AWS we can ensure that it works and we never hold even temporary root like a managed server would.
At the same time you do not require any technical expertise to set it up due to Quick Create (one-click setup).
7/8
A big and important part of what we build with our product "Sovereign" is that it runs on your own server, one we don't see, host, or are able to access in any way.
The Server setup itself is an easy one-click install via AWS Quick-Create.
With that you retain full control.
FTX, Celsius, Genesis. The positions did not fail.
Their trades may have been correct.
The places holding the positions failed.
A Crypto specific risk.
This is why it matters to keep self-custody - not just in theory but for real. Only you should be able to move your capital.
If the rules you have only get followed when you are there watching all day then you hardly have a system.
Rather you got a second full time job that punishes sleeping, being worn down, living life to it's fullest and anything else that requires your attention.
Always remember. In this space if anything needs your seed phrase, it is not a product.
Rather a theft workflow with a landing page °°.
Randomly saw some website advocating one of their bots/strategy as Trend Following. Winrate was 68%.
I don't know what they got but it certainly was not trend following.
Though that high winrate is exactly what attracts most people that don't know any better.