Satoshi Nakamoto proved a pseudonymous founder doesn’t have to be a deal breaker. Blue Kirby, however, has reminded cryptocurrency investors that fake names can still be a red flag. 

For those who didn’t spend last weekend on Crypto Twitter, Blue Kirby is the handle of a now-infamous figure in the decentralized finance (DeFi) community who appears to have absconded with some $1 million worth of ether (ETH).

As detailed in two worthwhile reads, DeFi community members allege Blue Kirby unfairly exercised influence over the Yearn.Finance ecosystem and then conducted a questionable initial coin offering (ICO) for a non-fungible token (NFT) marketplace called “Off-Blue.”

While the above sentence may sound to normies like so much word salad, the Blue Kirby fiasco marks the latest in a series of cautionary tales from 2020’s “DeFi Summer.” The episode shows how – absent compensating factors – permissionless technology, pseudonymous identities and borderless marketplaces can make a combustible mix. 

Without skin in the game, Blue Kirby had little incentive to act in community members’ best interest in the long term, crypto industry members said. And without a real name, they now have little recourse.

Out of the blue

According to Set Protocol’s Anthony Sassano, Blue Kirby created his online persona in the early summer months, riding on the back of Andre Cronje’s wildly successful robo-crypto hedge fund Yearn.

The pseudonymous token cheerleader quickly rose through the ranks of DeFi community members on Twitter as witnessed in community allocation of $7,000 per month for his tireless promotion of the YFI token.

Blue Kirby’s poor judgment came to light over time, beginning in late September with the botched release of Cronje’s Eminence, a new DeFi contract. Although Eminence had yet to be audited – as fits Cronje’s tagline: “I test in prod[uction]” – Blue Kirby encouraged users

  • Kamala Harris gave a blunt refresher on President Donald Trump’s finances early on in the vice-presidential debate Wednesday night.
  • “It would be really good to know who the president of the United States — the commander-in-chief — owes money to,” Harris said, referring to The New York Times’ investigation into Trump’s taxes that found him in debt for hundreds of millions of dollars in debt, $139 million of which he’s on the hook for within five years.
  • “Because the American people have a right to know what is influencing the president’s decisions, and is he making those decisions on the best interests of the American people — of you — or self-interest.”
  • “Just so everyone is clear, when we say in debt, it means you owe money to somebody” Harris said.
  • She also took a dig at Trump for how little he paid in federal income taxes.
  • “When I first heard about it, I literally said, ‘You mean $750,000?’ And it was like, no, $750.”
  • Visit Business Insider’s homepage for more stories.

Sen. Kamala Harris of California gave a plain-spoken assessment of President Donald Trump’s finances during Wednesday night’s debate, hitting Vice President Mike Pence over the lack of transparency when it comes to Trump’s debts.

Harris was referring to The New York Times’ investigation into Trump’s taxes, which found him mired hundreds of millions of dollars in debt obligations — $139 million of which he’s personally on the hook for within five years.

“We now know Donald Trump owes and is in debt for $400 million — and just so everyone is clear, when we say in debt, it means you owe money to somebody,” Harris said.

“Because the American people have a right to know what is influencing the president’s decisions, and

(Bloomberg) — Australia’s decision to support a swath of industries to help stimulate an economic recovery in the wake of the coronavirus pandemic means there will be few “losers” in the stock market, according to analysts.



Pedestrians are reflected in a window as they walk past an electronic stock board at the ASX Ltd. exchange centre in Sydney, Australia.


© Photographer: David Moir/Bloomberg
Pedestrians are reflected in a window as they walk past an electronic stock board at the ASX Ltd. exchange centre in Sydney, Australia.

Treasurer Josh Frydenberg unveiled a budget Tuesday that forecast a shortfall of A$213.7 billion ($152 billion) in fiscal 2021, and pushes debt and deficit to a peacetime record amid a raft of tax cuts, wage subsidies and investment in infrastructure and manufacturing. Australia’s benchmark stock index rose 0.9% as of 1:21 p.m. Sydney time.

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Australia is trying to drive a private-sector led recovery and get people back to work as it seeks to recover from its first recession in more than three decades. Potential tax cuts may support discretionary retailers, while mining and construction firms might benefit from plans to boost infrastructure spending. Three-year bond yields fell to a record low after traders ramped up bets the central bank will cut interest rates next month to bolster the coronavirus-battered economy.

Australia Pushes Debt to Peacetime Record as RBA Weighs More Aid

“A stimulatory Federal Budget is positive for the share market,” Commsec Chief Economist Craig James wrote in an Oct. 6 note. “Economic recovery is the aim, and that requires lower taxes, increased spending, job training and re-skilling workers. There are few losers.”

Yields on three-year debt dropped as much as four basis points to 0.12% after Westpac Banking Corp.’s influential economist Bill Evans reiterated calls that the Reserve Bank of Australia will ease in November after keeping rates unchanged on Tuesday.

Australian Yields Slide to Record Low on November Rate-Cut Bets

The RBA’s overnight

Oct. 6 (UPI) — Peak grain has already passed for several High Plains states, according to a new survey of groundwater depletion across the region.

To more accurately predict future grain yields, researchers looked at the relationship between levels of water extraction from the Ogallala aquifer and the amounts of grain harvested in each state over the last 50 years.

Researchers adapted analysis techniques previously used to study the relationship between peak oil production and peak grain production. The research team detailed the results of their analysis in a new paper, published Tuesday in the journal PNAS.

“We were inspired by insightful analyses of U.S. crude oil production,” lead study author Assaad Mrad, doctoral candidate at Duke University, said in a news release. “They predicted a peak in crude oil production a decade in advance.”

The new analysis showed Texas and Kansas reached peak grain in 2016. Grain yields in the two High Plains states have been declining over the last four years. Without new yield-boosting technologies, grain production in Texas could decline as much as 40 percent by 2050.

Water demand has outstripped supply in recent years, researchers said, as a result of excessive aquifer extraction and delays in irrigation regulations designed to sustainably manage water usage.

“This shows quite clearly that the aquifers are not being used in a sustainable way and it’s essential to find new technologies that can irrigate crops in a sustainable way,” said study co-author David Hannah, professor at the University of Birmingham.

Unlike Texas and Kansas, Nebraska enjoys a wetter climate. Rainfall in Nebraska has allowed farmers to expand grain production without increasing groundwater pumping.

Overall, the latest findings suggest depleted groundwater levels will continue to pose a serious threat to grain production across the High Plains. Many farmers in the region rely

LONDON — When the coronavirus pandemic closed workplaces earlier this year, businesses effectively went from having one or more locations to having as many offices as they did employees, as staff worked from home.

For software company Splunk, this effectively meant going from 35 offices to more than 6,000 “overnight,” according to the firm’s Chief Technical Adviser James Hodge. Having so many people working at home has meant a more trusting style of leadership is necessary, Hodge told CNBC’s “Squawk Box Europe” on Monday.

“The first few months (of the pandemic) were incredibly challenging, I think a lot of us ended up working incredibly long hours. If I just take Splunk as an example, we’ve spent a long time communicating with our employees, understanding what the impact’s like,” Hodge described.

“There’s been some brilliant parts about it to give people flexibility, but … on the other side, we do need to be completely aware of where the additional pressures are going,” he added.

While some governments have encouraged office-based employees to go back to their workplaces, many are still working from home. Splunk is training managers to understand employees’ wellbeing and other needs, Hodge said, and has put in place measures such as prohibiting video calls on Friday afternoons.

“The real big key about it is trust. We went from 35 office locations to over 6,000 office locations overnight. People are our greatest asset and we’ve got to put the trust in them to be able to go and flex their work around and understand their needs and just adapt,” Hodge said.

Having people work from home also means businesses will be able to recruit from a wider talent pool, Hodge added.

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