Bennett Tomlin

@BennettTomlin@mstdn.social
2.3K Followers
164 Following
513 Posts
Frauds and Crypto | Co-host @CryptoCriticPod | Head of Research at Protos Media
Websitehttps://bennettftomlin.com/
Personal YouTubehttps://www.youtube.com/channel/UCfqVyMNHmkF3hZOIfYhZxqQ
Crypto Critics' Cornerhttps://cryptocriticscorner.com
Twitterhttps://twitter.com/BennettTomlin
Bennett TomlinDec 8, 2023

High resolution creative commons versions of some iPhone photos from a recent walk

https://bennettftomlin.com/2023/12/08/sunset-on-the-rock-river-2/

Sunset on the Rock River-Bennett's Blog

This work is licensed under CC BY 4.0  This work is licensed under CC BY 4.0  This work is licensed under CC BY 4.0 

Bennett's Blog
Bennett TomlinJul 30, 2023
Bennett TomlinFeb 26, 2023
Bennett TomlinFeb 15, 2023
Some things are both predictable and shocking https://www.platformer.news/p/yes-elon-musk-created-a-special-system
Yes, Elon Musk created a special system for showing you all his tweets first

After his Super Bowl tweet did worse numbers than President Biden’s, Twitter’s CEO ordered major changes to the algorithm

Platformer
Bennett TomlinFeb 14, 2023
It breaks my brain that this is the price for half of a terabyte of high performance storage the size of my fingernail
Bennett TomlinFeb 12, 2023
When it’s time to pop a balloon insist on the best
Bennett TomlinFeb 2, 2023
Sunset on the Rock River https://bennettftomlin.com/2023/02/02/sunset-on-the-rock-river/
Sunset on the Rock River

Bennett's Blog
Show threadBennett TomlinJan 24, 2023

While looking at their Proof-of-Reserves I noted that they seemed to have 2,158x the reserves for USDC they should.

This seems to be because:
- Binance auto-converts USDC liabilities to BUSD
- Binance keeps USDC on hand to cover USDC withdrawals

This does leave us with issues though, namely:
- It requires them to have >$2bn in liquid and unencumbered cash in the banking system to get the extra stablecoins
- suggests they were commingling client and corporate funds for the Proof-of-Reserves

Bennett TomlinJan 24, 2023
Binance commingled their client and corporate funds, including the backing for dozens of tokens they issued https://protos.com/binance-admits-it-commingled-customer-funds-with-token-reserves/
Binance admits it commingled customer funds with token reserves

Binance failed to separate reserves for its pegged "B Tokens" and instead commingled them with client funds.

Protos
Bennett TomlinJan 17, 2023
The rules for the new Bored Apes game are absolutely unbelievable https://protos.com/bored-apes-puts-the-shit-in-shitcoin/
Bored Apes puts the 'shit' in shitcoin

Yuga Labs has announced a Bored Ape and sewerage-themed game called 'Dookey Dash' which sees players competing to mint a new NFT.

Protos