Spooky Moe
@familyfeedbag.bsky.social
310 followers 270 following 620 posts
Look some of the ghouls and I are a little concerned the project isn't moving forward
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Oh I’m happy. I’m very happy! La, la la, la la la la!
Oh I’m happy. I’m very happy! La, la la, la la la la!
Chat, is this good?
Paxos accidentally mints more than twice the global GDP in PayPal stablecoins

October 15, 2025
https://www.web3isgoinggreat.com/?id=paxos-accidental-mint
Paxos accidentally mints more than twice the global GDP in PayPal stablecoins
Paxos, the issuer of PayPal's PYUSD stablecoin, accidentally minted 300 trillion of the supposedly dollar-pegged token. For context, this is approximately 2.5x the global GDP, and around 125x the total number of US dollars actually in circulation.
Paxos later announced that the mint was an "internal technical error", and that they had burned the excess tokens.
While PayPal promises its customers that "Reserves are held 100% in US dollar deposits, US treasuries and cash equivalents – meaning that customer funds are available for 1:1 redemption with Paxos," there clearly isn't much in the way of safeguards to ensure that is always the case. As with most stablecoin issuers, Paxos merely issues self-reported and unreviewed portfolio reports, and monthly third-party attestations (not audits) of reserves.
Reposted by Spooky Moe
I could easily go Leaving Las Vegas mode but with Reese’s peanut butter cups instead of alcohol
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Foreigner's first album was titled "Ennh! Excuse please! Can you tell me where is to find the, eh, station of buses?"
From separate rooms I called to my mother to ask how the sperm got to the egg and my mom had to shout the answer to me
Huge Orgier

France, Isere, Parish and Civil Registration, 1540-1900
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Was completely on purpose
Threw on the new Criterion of NIGHTMARE ALLEY 2021 and forgot that the reappearance of Richard Jenkins and Mary Steenburgen makes this the Catalina Wine Mixer of Guillermo Del Toro's oeuvre.
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“A second inflatable frog has now been spotted wiggling through Portland.”
Marco Rubio whispers into Donald Trump's ear.
I understand and even sympathize with the sentiment behind “I want a government so small I can drown in a bathtub” but jfc what a psychotic way to phrase that
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Can’t decide what to buy on Prime Day?

Try: absolutely nothing, and then go support indie bookstores instead 📚
Hail St. Nick!
i had no idea this is how canada's supreme court dresses
Nine members of the Canadian Supreme Court sitting for a photo. They are dressed in red robes trimmed in white.
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“We are home now. We marched from the park to ICE, very peaceful crowd. We were standing around ICE pushed us down, sprayed us with chemical and I was hit in the head with a projectile. This was so unprovoked. People have to know that the Feds are attacking people with NO provocation whatsoever.”
knux say “PINK” “MOON”
Never seen Dirty Dancing or Footloose and in my head they’re one movie
I know I watched Love Actually like 20 years ago and something tells me I want to keep it that way.