IOTA OG 🤘🛸 retweeted
Three SpaceXAI employees are building a company in 3 days with Grok Bot. This is Day 1.
Matt Palmer (@mattyp), Lauren Tan (@poteto), and Roshan Sadanani (@roshan_s) start with research, a plan, and a product.
Live now, plus sessions for engineering, product, and founders.
xitter.gq/i/broadcasts/1AxRnZbVp…
IOTA
Brief context on Plan A and Plan B — and why your vote matters
On 28 August, a manipulated Switchboard oracle price feed triggered the liquidation of 45 healthy Virtue positions. About 23.2 million IOTA-equivalent in collateral and 455,103 VUSD of debt were involved. Virtue wants to make affected users whole. Two paths are on the table.
▶️ Plan A — Restore the positions
Positions would be rebuilt to their last clean pre-incident state: collateral back, original VUSD debt back. That requires access to restricted attacker assets and approval from community validators to handle those assets outside the normal spending rules.
That is the critical point. Plan A asks validators to intervene in already recorded ownership. For this case, that means giving up ledger immutability. What starts as an exception for 45 affected users becomes a precedent. Validators then become the body that decides after the fact whose transactions stand — and the network becomes a political instrument.
▶️ Plan B — Pay out net value
If the community proposal fails or returned assets are insufficient, Virtue pays each position’s pre-liquidation net value in IOTA: true collateral value minus VUSD debt. Portfolio estimate: about 11.54 million IOTA, finalized per account. No double compensation with Plan A.
Plan B keeps the ledger rule: only the key holder moves assets. Responsibility stays with Virtue and Switchboard, not with the network.
Sympathy for those affected does not change the order of principles. An application-layer failure must not be “fixed” by abandoning the core rule of the chain. Otherwise there is no point in having a ledger.
▶️ What you should do
1. Vote in our survey. 31 votes is not a reliable result.
2. Contact the validator you stake with. Delegating voting power is not the same as giving up your opinion — ask for theirs.
3. If your validator stays silent or takes a line you cannot support: restake.
IOTA OG 🤘🛸 retweeted
Brief context on Plan A and Plan B — and why your vote matters
On 28 August, a manipulated Switchboard oracle price feed triggered the liquidation of 45 healthy Virtue positions. About 23.2 million IOTA-equivalent in collateral and 455,103 VUSD of debt were involved. Virtue wants to make affected users whole. Two paths are on the table.
▶️ Plan A — Restore the positions
Positions would be rebuilt to their last clean pre-incident state: collateral back, original VUSD debt back. That requires access to restricted attacker assets and approval from community validators to handle those assets outside the normal spending rules.
That is the critical point. Plan A asks validators to intervene in already recorded ownership. For this case, that means giving up ledger immutability. What starts as an exception for 45 affected users becomes a precedent. Validators then become the body that decides after the fact whose transactions stand — and the network becomes a political instrument.
▶️ Plan B — Pay out net value
If the community proposal fails or returned assets are insufficient, Virtue pays each position’s pre-liquidation net value in IOTA: true collateral value minus VUSD debt. Portfolio estimate: about 11.54 million IOTA, finalized per account. No double compensation with Plan A.
Plan B keeps the ledger rule: only the key holder moves assets. Responsibility stays with Virtue and Switchboard, not with the network.
Sympathy for those affected does not change the order of principles. An application-layer failure must not be “fixed” by abandoning the core rule of the chain. Otherwise there is no point in having a ledger.
▶️ What you should do
1. Vote in our survey. 31 votes is not a reliable result.
2. Contact the validator you stake with. Delegating voting power is not the same as giving up your opinion — ask for theirs.
3. If your validator stays silent or takes a line you cannot support: restake.
🇬🇧 🇺🇸 Governance vote:
Virtue Money recovery
As a validator we have a responsibility.
On a decision of this weight we do not want the picture of a few votes.
We want the picture of the whole community.
This is not a purely technical decision.
It is about fairness and legitimacy: how the affected positions and the restricted assets should be handled.
And it is about the fundamental question of how immutable a ledger remains.
We need the community’s voice.
Plan A (virtue)
Rebuild each of the 45 positions from the last clean snapshot (IOTA collateral, original VUSD debt).
Plan B (virtue)
If the proposal fails or assets are insufficient, Virtue pays the pre-liquidation net value in IOTA.
Plan C (added)
We abstain until the required threshold is reached — stay in consensus, no premature vote.
Discord Vote discord.gg/Mf3b96C7R3
#virtue-money-hack-vote
Discuss:
#virtue-money-hack-discussions
Info:
#virtue-money-hack-info-en
#virtue-money-hack-info-dach
Please vote only once.
If the same person votes more than once, that vote is invalid.
If you think this might interest anyone, pass it along, please....
sugatam.blogspot.com/2026/08…
54
IOTA
The BARBA Beta is LIVE! 🚀
Primarily designed for mobile.
Everyone is invited to test →brababa.com/
Want to integrate an @iotanames? Grab yours at iotanames.com/🔒
Next-Gen Privacy:
• No phone number
• No email
• No password
• Fully end-to-end encrypted. Just wallet with BRA + IOTA in your hands
Drop your feedback in the comments! 👇
#IOTA #Web3 #Crypto #Privacy
1
58
IOTA
What makes Barba unique as the first hybrid decentralized crypto messenger on IOTA? It combines #iotanames as your permanent on-chain username and decentralized identity — eliminating the need for any phone number. Secure virtual credentials provide blockchain-verified identification for trusted interactions, while native IOTA NFT integration gives you true ownership and full customization of your avatar. The integrated IOTA Gas Station covers 100% of all transaction fees, and you can send $BRA tips directly to other users inside the chat — instantly and fully on-chain. Interactions running on-chain, delivering exceptional security and complete protection against bots and spam. This is the future of decentralized communication.
#IOTA #Barba #CryptoMessenger
53
LFC #lfc
How do I stop so much slop, AI or just ridiculous click bait - about Liverpool appearing on my timeline?
Every man and his ex-wife are posting some shit.
148
IOTA
We're hosting a community AMA with @DomSchiener exactly one week from today.
Drop your questions below and we'll go through as many as we can live.
1
26
IOTA OG 🤘🛸 retweeted
Ahhh man we’ve gotta go on and win it now because it’ll hurt too much if these vibes end
scotland
What a crowd, don’t believe the lies, @MiamiPD solicited this group photo and encouraged more to join, they have been great, what a class act!
32
IOTA
A significant share of the global trade finance gap is caused by outdated infrastructure that slows payments and locks up working capital. Through interoperable digital trade processes and real-time settlement capabilities, @iota and @TWINGlobalOrg help unlock liquidity and make global trade more efficient.
Source: futureoftrade.com
33
IOTA
1
28