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TFB Review: Spohr Club 3.0 Revolver – Big Engineering, Compact(-ish) Size – – The Firearm Blog

My first encounter with the Spohr brand began at IWA 2022, where Mr. Spohrs incredible revolvers immediately caught my eye. The build quality was evidently superior, and the hefty price tag was justified with a visual inspection and an enlightening conversation with Thomas Spohr himself. He explained that the high cost is attributed not to extravagant materials (although, of course, Spohr uses only top-tier materials and does indeed dabble in things like Damascus steel, if you are kinky that way) but to the use of top-tier processes, meticulous hand-fitting, and avoidance of cheaper manufacturing methods like MetalInjection Molding (MIM) drive the price up.

Revolvers @ TFB:

Photo by Ryan Ogborn, aka Gunshipster on Instagram.

Thomas Spohrs expertise and dedication to revolver excellence are deeply influenced by his involvement in the prestigious S&W 30 Gunsmithing Club. This exclusive group, comprised of highly skilled gunsmiths, focuses on optimizing Smith and Wesson revolvers to achieve peak performance. The clubs rigorous standards and collaborative environment have pushed its members, including Spohr, to innovate and refine their techniques. This background has significantly informed the design philosophy behind the Spohr revolvers, which strive for mechanical perfection and exceptional reliability, surpassing even the high benchmarks set by traditional S&W models.

Thomas Spohr personally showing us the Club 3.0 at IWA.

Thomas Spohr speaking with the author at IWA 2022.

Caliber: Chambered in .357 Magnum/. 38 Special, and for an extra $1,000, you can add a 9mm conversion cylinder. Its suitable for a range of shooting activities from defense to sport. Either cylinder features a 6-shot capacity.

Barrel Length: The 3-inch barrel is a strategic choice, balancing concealability with ballistic efficiency, making the Club 3.0 ideal for both concealed carry and accurate shooting.

Weight: At 38 ounces, the revolver is solid enough to handle the recoil of .357 Magnum rounds effectively while maintaining enough heft to aid in accuracy, but still okay for concealing, although 38 ounces is nearly the weight of two Glock 43 pistols.

Construction: Entirely built from stainless steel, with an option for a black PVD coating at an additional cost, enhancing its resistance to wear and corrosion.

View from the top.

The Spohr Club 3.0 revolver is fundamentally based on the Smith and Wesson 686 design, which offers a notable advantage in terms of accessory compatibility. While the precise dimensions and custom features of the Spohr mean that S&W L-frame grips and holsters dont fit perfectly out of the box, many can be adapted with some hand fitting and minor modifications. This allows owners of the Spohr Club 3.0 to take advantage of the wide range of grips and holster options designed for the popular S&W 686, expanding the customization possibilities to enhance both the functionality and aesthetics of their revolver.

Barrel: The use of a cold hammer-forged polygonal match barrel ensures exceptional accuracy and longevity. This type of barrel provides a better gas seal around the projectile, enhancing velocity and precision versus a conventionally rifled barrel of the same length, plus its easier to clean.

Sights: Equipped with an adjustable LPA rear sight and a high-visibility Gold-Dot front sight, the Club 3.0 is designed for rapid target acquisition and ease of adjustment.

Trigger System: The highlight is arguably the trigger, which features a light, crisp pull of about 2.8 pounds in single-action mode. This is complemented by a skeletonized hammer and trigger, reducing overall weight and providing a distinctive aesthetic. Of course, the trigger is adjustable every which way by removing the grips and not only the pull weight but also the hammer and mainspring tension as well.

Picatinny Rail: The integration of a Picatinny rail is a modern touch that allows for the attachment of accessories such as optics, a rare feature on revolvers that extends its utility.

Cylinder and Release: The fluted cylinder not only reduces weight but also enhances the revolvers visual appeal. The Club Edition cylinder release is designed for quick and easy operation, improving functionality during use.

A PVD black Spohr revolver.

The Club 3.0s operational smoothness is unparalleled, thanks to the absence of MIM parts. Each component is machined to exact specifications, ensuring flawless function and a seamless fit. The precision engineering is apparent in every aspect of the revolver, from the nearly invisible seams on the side plate to the robust and reliable ball detent lockup system that enhances the cylinders alignment and stability. The ergonomic design, including walnut combat grips, provides both comfort and control, even when firing the more potent .357 Magnum rounds.

The Spohr handles recoil incredibly well, even for full house .357 Magnum. The author notes that rubberized grips would be better for maintaining grip with more powerful loadings.

When compared to competitors like the Manurhin MR73 and possibly Korth revolvers, the Spohr Club 3.0 holds its ground with distinctive features and superior craftsmanship. It is priced for serious enthusiasts who understand the value of precision engineering in firearms. Its in the same general price range as these other ultra-premium options.

The Spohr Club 3.0 combines historical revolver virtues with contemporary enhancements to offer a shooting experience that is both luxurious and exceedingly functional. Designed for the discerning shooter who appreciates detailed craftsmanship and high performance, the Spohr Club 3.0 is a compelling choice in the premium revolver market.

Photo by Ryan Ogborn, aka Gunhipster on Instagram.

A PVD Spohr revolver, available at an extra charge.

For those interested in seeing more about how these exceptional revolvers are made, visit http://www.spohrguns.com for a complete video walkthrough of the Spohr factory, hosted by Thomas Spohr himself.

Video:

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Alix students explore engineering technology career pathways – CentralAlbertaOnline.com – Local news, Weather … – Central Alberta Online

Grade 9 Alix-MAC students learned about the world of engineering technology during an Association of Science and Engineering Technology Professionals of Alberta (ASET) Camp.

During the camp, students learned how to work with a level management and control system, completed electrical and pneumatic connections, and configured an industrial pressure transmitter.

They also created a weather station, undertook a level measurement activity, and were given the opportunity to use a remote sensing technology familiar to engineering technologists.

The idea is to expose young people in high schooland junior high to science, technology, engineering, and math, and particularly the potential for careersin science and engineering technology, said Barry CavanaughCEO of ASET.

The camp is designed to bring awareness to engineering technology as a potential profession.

It's an eye-opener for a lot of people. They simply have an interest in science or math, and it's never occurred to them that this is a career possibility, Cavanaugh said. So now we're giving them the opportunity to think about it.

He explained that polytechnic institutes and colleges typically offer two-to-three-year engineering technology programs.

They're very compressed programs, very technical and very specialized, Cavanaugh said. It's fair to say thatengineering technology represents 21 engineering technology disciplines which are broadly similar to engineering disciplines, but more focused.

Career avenues in engineering technology include civil technology, including building roads and bridges, and construction technology including water and wastewater works and power.

They're in everything, and around you all day, every day. The work of technologists is supporting the entire society, Cavanaugh said. They make it work. Sometimes they're engaged in design, but more often than not, they're engaged in making design reality, and that's an important distinction.

Through the camp, Cavanaugh is hopeful that students will be inspired to explore the different career paths inengineering technology.

Albertans can be really proud of the programs that are available at the polytechnics and colleges and the opportunities there are for young people, Cavanaugh said. The opportunities are boundless. It's a great career.

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The father-son duo changing the world of automotive engineering at Ford – Popular Science

Walter LaPlantes love of technology and cars comes from his dad, Lou, a 30-year veteran of Ford Motor Company. In 2003, the elder LaPlante won the Henry Ford Technology Award for the 3D Robotic Guided Vision system he invented. Walter describes his dads 3D Robotic Guided Vision system as a robot with eyes that picks up a part and places it in reach of another robot that docks it to the engine. Today, the technology is still used in the assembly process.

In his role as the controls and industrial connectivity supervisor for stamping engineering at Ford, Walter was inspired by a video on the Discovery Channel about his dads achievements. He had watched his dad start out as a machine repairman who worked his way up to engineering, earning one of Fords top honors in the process.

Seventeen years after his dad earned the award, Walter was bestowed with the same prestigious honor for leading the creation of the Mobile AI Vision System (MAIVS). The technology uses tiny cameras and artificial intelligence to spot manufacturing defects in real time on the assembly line. MAIVS contributes to improvements in quality and efficiency with a common palm-sized device used all over the world: a smartphone. Heres how it works.

There is a collection of acronyms within the initials of MAIVS, and they each play an important role. The first is IoT, or the internet of things. Software giant Oracle says IoT is a network of physical objects that are embedded with sensors, software, and other technologies to connect and exchange data with other devices and systems over the internet. Related, MQTT, (short for Message Queuing Telemetry Transport) is a standard messaging protocol for IoT known for its reliability and small internet footprint. Add that soup of letters to a smartphone and AI (artificial intelligence) and you end up with MAIVS.

MAIVS offers a format to interact with different devices. In his role in manufacturing technology development, Walter benchmarks technologies constantly to find ways to improve processes. Seeking something lightweight and mobile, Walter and a small team created a smartphone-based ecosystem that wouldnt require large robots. The team found a way to communicate a straightforward pass/fail message about specific parts coming down the line, catching defects as early as possible.

The camera goes inside with the help of a robot, and it points to something we want to look at, especially high warranty issues, LaPlante explains. It will take a picture and infer with the artificial intelligence. Based on that inference, it will communicate pass or fail back to the operator.

If it passes, the build moves on down the line. If one or more of them fail, theres a chance to correct it.

The project was initially piloted in Chicago, then Ford was able to replicate the technology across 20 plants. Now, Walter says, there are close to 300 MAIVS-enabled smartphones across 20 plants globally. With those numbers and easy scalability, the project caught the attention of Ford higher-ups, earning Walter and his team the Henry Ford Technology Award.

Diagnosed as a deaf person when he was only five, Walter uses hearing aids to speak and works with American Sign Language interpreters at work. He knows intimately how critical communication is for success, and hes driven to find ways to make it easier and simpler.

In fact, the communication aspect of MAIVS opened the door for other technologies to be used in the plant, impacting both quality and efficiency. For instance, if MAIVS catches an electrical component that isnt connected before the carpet is laid and the seats are installed, it saves time and energy. Before MAIVS, if a defect were to be discovered when the vehicle is further down the line, its a lot more trouble to disassemble it than to identify it in the first place.

But dont AI and robots take away jobs and replace real people? From Walters perspective, MAIVS is a tool designed to help workers, not replace them. Its technology thats part of a tool kit to help ensure the plant is humming along as well as it possibly can. By detecting defects, the machines create an opening for workers to focus on other improvements.

I was in Houston at the NASA space center recently, and noticed the astronauts are doing the same thing over and over again in the cockpit before they launch to the moon, Walter says. Thats because [NASA training] frees up muscle memory, so in case something happens, astronauts know exactly where something is. The same concept applies here.

Despite its buzzy reputation, AI was not the impetus for this award, emphasizes Taylor Shelby, a colleague on the controls and industrial connectivity engineering team.

The real award [was for] the integration between an existing external system and the existing internal plant systems and figuring out how to get those things talking to each other, she says.

Walter relays that while MAIVS started with him, there were many stakeholders who believed in the technology and helped to push forward what he calls a human-centered design.

I cant take all the credit; there are a lot of great minds that came up with the technology, he says. I created the interface with the idea that it had to be easy to use. It had to come naturally.

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Ann Coulter: How Liberals Pay Off Their Bimbos – Northwest Georgia News

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Principe, Democratic Republic of Saudi Arabia, Kingdom of Senegal, Republic of Serbia and Montenegro Seychelles, Republic of Sierra Leone, Republic of Singapore, Republic of Slovakia (Slovak Republic) Slovenia Solomon Islands Somalia, Somali Republic South Africa, Republic of South Georgia and the South Sandwich Islands Spain, Spanish State Sri Lanka, Democratic Socialist Republic of St. Helena St. Kitts and Nevis St. Lucia St. Pierre and Miquelon St. Vincent and the Grenadines Sudan, Democratic Republic of the Suriname, Republic of Svalbard & Jan Mayen Islands Swaziland, Kingdom of Sweden, Kingdom of Switzerland, Swiss Confederation Syrian Arab Republic Taiwan, Province of China Tajikistan Tanzania, United Republic of Thailand, Kingdom of Timor-Leste, Democratic Republic of Togo, Togolese Republic Tokelau (Tokelau Islands) Tonga, Kingdom of Trinidad and Tobago, Republic of Tunisia, Republic of Turkey, Republic of Turkmenistan Turks and Caicos Islands Tuvalu Uganda, Republic of Ukraine United Arab Emirates United Kingdom of Great Britain & N. Ireland Uruguay, Eastern Republic of Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam, Socialist Republic of Wallis and Futuna Islands Western Sahara Yemen Zambia, Republic of Zimbabwe

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ANN COULTER: How liberals pay off their bimbos – Indiana Gazette

State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming Puerto Rico US Virgin Islands Armed Forces Americas Armed Forces Pacific Armed Forces Europe Northern Mariana Islands Marshall Islands American Samoa Federated States of Micronesia Guam Palau Alberta, Canada British Columbia, Canada Manitoba, Canada New Brunswick, Canada Newfoundland, Canada Nova Scotia, Canada Northwest Territories, Canada Nunavut, Canada Ontario, Canada Prince Edward Island, Canada Quebec, Canada Saskatchewan, Canada Yukon Territory, Canada

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Country United States of America US Virgin Islands United States Minor Outlying Islands Canada Mexico, United Mexican States Bahamas, Commonwealth of the Cuba, Republic of Dominican Republic Haiti, Republic of Jamaica Afghanistan Albania, People's Socialist Republic of Algeria, People's Democratic Republic of American Samoa Andorra, Principality of Angola, Republic of Anguilla Antarctica (the territory South of 60 deg S) Antigua and Barbuda Argentina, Argentine Republic Armenia Aruba Australia, Commonwealth of Austria, Republic of Azerbaijan, Republic of Bahrain, Kingdom of Bangladesh, People's Republic of Barbados Belarus Belgium, Kingdom of Belize Benin, People's Republic of Bermuda Bhutan, Kingdom of Bolivia, Republic of Bosnia and Herzegovina Botswana, Republic of Bouvet Island (Bouvetoya) Brazil, Federative Republic of British Indian Ocean Territory (Chagos Archipelago) British Virgin Islands Brunei Darussalam Bulgaria, People's Republic of Burkina Faso Burundi, Republic of Cambodia, Kingdom of Cameroon, United Republic of Cape Verde, Republic of Cayman Islands Central African Republic Chad, Republic of Chile, Republic of China, People's Republic of Christmas Island Cocos (Keeling) Islands Colombia, Republic of Comoros, Union of the Congo, Democratic Republic of Congo, People's Republic of Cook Islands Costa Rica, Republic of Cote D'Ivoire, Ivory Coast, Republic of the Cyprus, Republic of Czech Republic Denmark, Kingdom of Djibouti, Republic of Dominica, Commonwealth of Ecuador, Republic of Egypt, Arab Republic of El Salvador, Republic of Equatorial Guinea, Republic of Eritrea Estonia Ethiopia Faeroe Islands Falkland Islands (Malvinas) Fiji, Republic of the Fiji Islands Finland, Republic of France, French Republic French Guiana French Polynesia French Southern Territories Gabon, Gabonese Republic Gambia, Republic of the Georgia Germany Ghana, Republic of Gibraltar Greece, Hellenic Republic Greenland Grenada Guadaloupe Guam Guatemala, Republic of Guinea, Revolutionary People's Rep'c of Guinea-Bissau, Republic of Guyana, Republic of Heard and McDonald Islands Holy See (Vatican City State) Honduras, Republic of Hong Kong, Special Administrative Region of China Hrvatska (Croatia) Hungary, Hungarian People's Republic Iceland, Republic of India, Republic of Indonesia, Republic of Iran, Islamic Republic of Iraq, Republic of Ireland Israel, State of Italy, Italian Republic Japan Jordan, Hashemite Kingdom of Kazakhstan, Republic of Kenya, Republic of Kiribati, Republic of Korea, Democratic People's Republic of Korea, Republic of Kuwait, State of Kyrgyz Republic Lao People's Democratic Republic Latvia Lebanon, Lebanese Republic Lesotho, Kingdom of Liberia, Republic of Libyan Arab Jamahiriya Liechtenstein, Principality of Lithuania Luxembourg, Grand Duchy of Macao, Special Administrative Region of China Macedonia, the former Yugoslav Republic of Madagascar, Republic of Malawi, Republic of Malaysia Maldives, Republic of Mali, Republic of Malta, Republic of Marshall Islands Martinique Mauritania, Islamic Republic of Mauritius Mayotte Micronesia, Federated States of Moldova, Republic of Monaco, Principality of Mongolia, Mongolian People's Republic Montserrat Morocco, Kingdom of Mozambique, People's Republic of Myanmar Namibia Nauru, Republic of Nepal, Kingdom of Netherlands Antilles Netherlands, Kingdom of the New Caledonia New Zealand Nicaragua, Republic of Niger, Republic of the Nigeria, Federal Republic of Niue, Republic of Norfolk Island Northern Mariana Islands Norway, Kingdom of Oman, Sultanate of Pakistan, Islamic Republic of Palau Palestinian Territory, Occupied Panama, Republic of Papua New Guinea Paraguay, Republic of Peru, Republic of Philippines, Republic of the Pitcairn Island Poland, Polish People's Republic Portugal, Portuguese Republic Puerto Rico Qatar, State of Reunion Romania, Socialist Republic of Russian Federation Rwanda, Rwandese Republic Samoa, Independent State of San Marino, Republic of Sao Tome and Principe, Democratic Republic of Saudi Arabia, Kingdom of Senegal, Republic of Serbia and Montenegro Seychelles, Republic of Sierra Leone, Republic of Singapore, Republic of Slovakia (Slovak Republic) Slovenia Solomon Islands Somalia, Somali Republic South Africa, Republic of South Georgia and the South Sandwich Islands Spain, Spanish State Sri Lanka, Democratic Socialist Republic of St. Helena St. Kitts and Nevis St. Lucia St. Pierre and Miquelon St. Vincent and the Grenadines Sudan, Democratic Republic of the Suriname, Republic of Svalbard & Jan Mayen Islands Swaziland, Kingdom of Sweden, Kingdom of Switzerland, Swiss Confederation Syrian Arab Republic Taiwan, Province of China Tajikistan Tanzania, United Republic of Thailand, Kingdom of Timor-Leste, Democratic Republic of Togo, Togolese Republic Tokelau (Tokelau Islands) Tonga, Kingdom of Trinidad and Tobago, Republic of Tunisia, Republic of Turkey, Republic of Turkmenistan Turks and Caicos Islands Tuvalu Uganda, Republic of Ukraine United Arab Emirates United Kingdom of Great Britain & N. Ireland Uruguay, Eastern Republic of Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam, Socialist Republic of Wallis and Futuna Islands Western Sahara Yemen Zambia, Republic of Zimbabwe

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Vitalik Buterin-backed Nocturne protocol shuts down operations overnight – Cointelegraph

Ethereum-native privacy protocol Nocturne Labs is shutting down its operations.

Nocturne, backed by prominent cryptocurrency experts, including Ethereum co-founder Vitalik Buterin, announced it was ceasing operations in a June 5 X post.

The company gave no explanation for the closure. Cointelegraph has approached Nocturne Labs for comment.

Nocturne initially aimed to introduce private accounts and transactions to the Ethereum ecosystem. In October 2023, the firm raised $6 million in a seed funding round led by Bain Capital Crypto and Polychain Capital, with participation from Buterin.

Related: Robinhood to buy Bitstamp crypto exchange to enable institutional trading in US

Despite winding down company operations, users will still be able to execute withdrawals through the Nocturne front end until the end of June, according to the announcement:

Nocturne currently holds over $129,000 in total value locked (TVL), down from over $455,000 on Jan. 22, when the shutdown of Nocturne v1 was announced, according to DefiLlama data.

The protocol wrote in an X post on Jan. 22:

Privacy-focused cryptocurrency projects have seen increased scrutiny since August 2022, after the crypto mixing protocol Tornado Cash was blacklisted by the United States government.

Alexey Pertsev, the developer of Tornado Cash, was found guilty of money laundering on May 14.

The sentencing came despite Tornado Cash being a noncustodial crypto mixing protocol meaning that the funds that go through the protocol are never held or controlled by it.

Magazine: Caitlyn Jenner meme coin masterminds celebrity price list leaked

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Vitalik is unimpressed with celeb memecoins. Here’s how they should change – DLNews

Vitalik Buterin says hes far from pleased with the latest round of celebrity joke coins, but that doesnt mean the $69 billion market is for nought.

It just needs a new direction.

The north star should be: to have a project where even if eventually all tokens involved go to zero, the average person who participated is happy to have done so, the Ethereum co-founder wrote on X, previously Twitter.

Memecoins command a combined market value of $68.6 billion, and generated over $6.5 billion in trades over the past 24 hours alone.

Buterin said celebrity memecoins must have some kind of public-good goal that its serving, other than enriching the celebrity and early adopters. Realistically, either an art project or the celebritys favourite charity, or both.

He said Ashton Kutcher and Mila Kunis NFT-powered Stoner Cats animated series from 2021 was vastly more honorable than other memecoins launched by celebs this year.

The non-fungible tokens of the shows feline stars were sold to raise money to produce the series. In 2023, the Securities and Exchange Commission charged the projects creators with offering unregistered securities.

The second factor determining whether the Ethereum co-founder can respect memecoins is whether they enable users to do something other than trading the token.

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As much as I dislike token-voting DAOs, at least they give something for people to do and organise around, Buterin said. The DAO should not fully decide the agenda, but it can have some influence.

Decentralised autonomous organisations are communities that lead many crypto projects.

The third factor?

Whether or not it will last.

Make something that lasts 10-plus years, rather than bubbling around for a few months and then being forgotten, Vitalik said.

Buterins comments come as tokens that are either officially or unofficially linked to famous people like Donald Trump and Caitliyn Jenner have been riding high on the current crypto bull run.

Australian rapper Iggy Azalea launched a token on Solana in May. Since its launch, the token rose more than 520% to $0.1073, according to CoinGecko.

Market watchers expect the current memecoin frenzy to drive Solana the blockchain many of these joke coins are trading to record highs this year.

Hitting new highs and making celebs wealthier isnt enough to meet Buterins high bar for memecoiner-y however.

Eric Johansson is DL News News Editor. Got a tip? Email him at eric@dlnews.com.

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Vitalik Buterin Slams Celebrity Memecoins, Calls for Meaningful Crypto Projects – BSC NEWS

Buterin outlined key features for respectable crypto projects, including public good goals, engaging mechanics, and longevity.

Vitalik Buterin, Ethereum's co-founder, hasexpressed concerns about the surge in celebrity-backed meme coins, urging the crypto community to focus on projects that provide genuine value.

This discussion has become more prominent following the release of Mother Iggy (MOTHER) by Australian rapper and model Iggy Azalea. The launch has sparked significant debate and interest within the crypto space.

Buterin highlighted past projects that align more closely with his vision for meaningful cryptocurrency endeavors.

He mentioned Ashton Kutcher and Mila Kunis's Stoner Cats project, which funded an animated series. Unlike many current meme coins, this initiative provided tangible value and showcased the potential for cryptocurrencies to support creative and impactful projects.

The memecoin market has grown rapidly, with nearly half a million tokens created on the Solana blockchain in May alone. Celebrities like Iggy Azalea,Caitlyn Jenner, and Rich the Kid have launched their tokens, leveraging their large followings to boost initial valuations.

The memecoin market is rife with risks, including "pump and dump" schemes. Promoter Sahil Arora was banned from X after being accused of orchestrating such schemes with several celebrity tokens. These scams typically involve launching tokens, having celebrities endorse them, and then selling off holdings to crash the price, leaving investors with significant losses..

Buterin emphasized the importance of developing projects that offer more than just financial speculation.

"The north star should be: to have a project where even if eventually all tokens involved go to zero, the average person who participated is happy to have done so," he stated on X, formerly known as Twitter.

He advocates for crypto projects that support broader societal goals, such as advancements in healthcare, open-source software, and the arts.

Buterin outlined several key attributes that he believes would make celebrity-backed crypto projects more respectable:

1. Public Good Objectives: Projects should aim to benefit the public, whether through charity, funding the arts, or supporting social causes. This approach ensures that the project has a purpose beyond personal enrichment.

2. Engaging Mechanics: Beyond simple trading, projects should include interactive features or community involvement that add intrinsic value and enjoyment for participants.

3. Sustainability: Projects should be designed to last at least a decade, ensuring they have a long-term impact rather than being short-lived financial schemes.

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Shiba Inu Lead’s Bold Statement to Ethereum Founder: ‘Thinking Bigger and on Massive Scale’ – The Crypto Basic

Shiba Inu, the lead developer, reacts as the Ethereum founder presents features that a celebrity meme coin must have to attract his respect.

The meme coin scene has seen a notable exchange between Ethereum founder Vitalik Buterin and Shiba Inu lead developer Shytoshi Kusama. This interaction unfolded on X, sparked by a discussion initiated by Chris Buniske, a partner at crypto hedge fund Placeholder.

Buniske pointed out the potential of a MOTHER, a meme coin tied to Iggy Azalea. He suggested it could be a pioneering example of sustainable value creation in the ongoing wave of celebrity-backed cryptocurrencies. This observation comes amid a flurry of celebrity memecoins, with figures like Caitlyn Jenner and Nigerian music artiste Davido joining the trend.

However, responding to Buniske, Buterin expressed his dissatisfaction with the current landscape of celebrity meme coins. He stressed that while financialization can be respectable if it serves a noble purpose like healthcare or open-source software, it loses merit when it becomes the end goal itself.

He contrasted this with the Stoner Cats project by American movie stars and couple Ashton Kutcher and Mila Kunis, which he deemed more honorable due to its tangible outputa funded cartoon show.

To improve the direction of celebrity crypto projects, Buterin outlined several key features he believes are essential. According to him, meme coins that command these features are likely to attract his respect. The recent comments come amid this sustained criticism of meme coins.

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The first feature he mentions is that the project should aim to serve a public good beyond merely enriching the celebrity and early adopters. This could involve supporting art projects or the celebritys favored charities.

Secondly, Buterin emphasized that the project should offer engaging mechanics beyond token trading. While the Ethereum founder stressed that he is not a fan of token voting decentralized autonomous organization (DAO), he acknowledges they provide a way for people to engage and organize.

In addition, Buterin noted that the project should be designed to last at least ten years rather than being a short-lived hype cycle. For context, the meme coin launched by Davido and announced on X saw an over 90% drop just hours after its launch. On-chain data suggests the Nigerian artiste sold off his holdings.

Buterin emphasized that the primary goal for celebrities and developers should be to create a project where participants feel satisfied with their involvement, even if the tokens eventually become worthless. He noted that conventional charities and businesses often achieve this standard, and crypto projects should aim for it as well.

Shytoshi Kusama responded positively to Buterins critique, indicating that Shiba Inu is already working on a project that aligns with Buterins vision.

Kusama mentioned that they are considering an even larger scale and would present Buterins feedback to their team for validation. His response suggests that Shiba Inu is not only aware of the need for meaningful, lasting projects but is actively pursuing such ambitions.

Interestingly, the Shiba Inu ecosystem team, led by Kusama, is transforming SHIB from a meme coin project to a decentralized ecosystem. They have made progress on this with the introduction of several ecosystem tokens and projects such as ShibaSwap, Shibarium, Shiboshis, and the Shiba Inu metaverse.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Shiba Inu Lead's Bold Statement to Ethereum Founder: 'Thinking Bigger and on Massive Scale' - The Crypto Basic

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Crypto hacks increase in 2024, but smart contracts not to blame – Cointelegraph

Cryptocurrency hackers and exploiters might be poised for a more successful year in 2024, potentially surpassing their achievements in 2023.

In the first quarter of 2024, hackers stole digital assets valued at $542.7 million, a 42% increase compared to the same period in 2023.

The primary reason for this is hackers continually shifting their attack vectors and looking for easier targets, according to Mriganka Pattnaik, co-founder and CEO of crypto risk and intelligence platform Merkle Science.

Pattnaik told Cointelegraph:

Phishing attacks involve hackers aiming to steal sensitive information like crypto wallet private keys. Other types of phishing attacks, known as address poisoning scams, aim to trick investors into willingly sending funds to a fraudulent address thatlooks similar to addresses they previously interacted with.

In May, a trader lost $71 million worth of cryptoin the years most high-profile phishing attack. The attacker tricked the trader into sending 99% of their funds to the attackers address.

But in a curious turn of events, the unknown thief returned the $71 million to the victim over a week later when the incident attracted the attention of blockchain investigation firms andthe attackers location was eventually established.

Related: Memecoin trader loses over $1M following Normie exploit

Smart contract vulnerabilities used to be among the most targeted infrastructures by hackers.

However, according to Merkle Sciences 2024 Crypto HackHub Reportreport, hacked funds lost to smart contract vulnerabilities fell 92% to $179 million in 2023, down from a staggering $2.6 billion in 2022.

Private key leaks are currently the biggest concern, according to Pattnaik:

Over 55% of the hacked digital assets were lost to private key leaks during 2023.

The reason behind the decrease in smart contract exploits is more advanced security tools combined with hackers vying for easier targets, said Pattnaik:

Related: Tether CEO warns of new wave crypto airdrop scam emails, CoinGecko potentially affected

Cryptocurrency prices have appreciated significantly since the beginning of the year. According to CoinMarketCap data, the total market capitalization of all cryptocurrencies rose by 54% year-to-date.

Besides growing the potential bounty for exploiters, growing cryptocurrency prices are also attracting more hackers to the crypto space, according to Pattnaik:

Over $574 million worth of digital assets were lost across 30 individual crypto hacks during May 2024, representing a 666% month-over-month increase, according to a June 1 X post by PeckShield.

Magazine: Caitlyn Jenner meme coin masterminds celebrity price list leaked

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Crypto hacks increase in 2024, but smart contracts not to blame - Cointelegraph

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