The only way to trust full cypherpunk private money is formal verification. The models are getting extremely good at proof generation, so the dream might not be far away.
Big respect to @Zcash advancing cryptography for 10 years & counting.
Broke: full zk privacy bad because regulatory risk
Woke: trusting any fully-shielded protocol today is insane. All share the property that a bug or exploit can allow UNDETECTED insolvency or supply inflation. Today, even the best-audited protocols get hacked regularly.
I think whether an asset is net-new or a representation is secondary to whether it's real or fake. For example:
- You're right that a Hyperliquid S&P perp is a net-new asset. But it's real in the sense that it has a coherent claim to value that an analyst could confidently price.
- Same with Polymarkets
- Jeo Boden is also net-new. It's a fake asset. Pic related. To its credit, at least it's funny and never pretended to be real!
- The main problem in crypto historically is fake assets that do pretend to be real. Ohm, Luna, etc. Those are scams.
Protocol finance is about rails for real assets, whether wrapped representations like USDC or net-new.
@johnloeber > Doesn’t matter, it’s their private property
NIMBY is all about preventing people from building on their private property. Nobody is telling Menlo Park man he has to build anything on his lot... just that you should allowed to on yours.
@johnloeber > So where do you draw the line? It’s a totally arbitrary call. Is it sixteen stories? Two stories?
Not arbitrary. Look at Paris, Tokyo, coastal Spain/Italy, brownstone NYC... the cities that are so nice people fly out to be there are 4-6 story, walkable, lots of street life
This is nerd world—my world—escaping the ego samsara of valuing yourself on a trait.
Athletes escaped long ago. Mr Bolt loses zero sleep over vespas going faster than he can run. Just have fun and pursue excellence and entertain god
The way to save Ethereum: The community needs to create an organization that's economically aligned with Ethereum and accountable to it.
The EF now holds less than 0.1% of all ETH. There is no flow of Ethereum staking or fee revenues to it.
If we want to get Ethereum back to winning:
- create an organisation with credible funding, minimum $1b as a start. That's very reasonable for an ecosystem with $250b market cap
- find a leader who is competent and wants to fight
- make it accountable: a board of people who want ETH to go up, and a charter that holds the org accountable to it
- fund it permanently: A significant amount of staking revenue needs to go to it. A governance mechanism that can adjust it (also part of accountability).
Very hard to imagine now, but I think this is the only way (and it will probably happen, but it might take a long time before it is consensus).
177K Followers 2K Followingvery greek accent. general partner & cto @paradigm. eng lead @tempo. optimist and rustacean 🦀 // team lead of reth, foundry, alloy. join us.
3K Followers 2K FollowingSlowly mothballing this account. No longer actively checking notifications.
Find me on the Blue Butterfly app:
@bobakkabob37.bsky.social
1K Followers 5K FollowingAll posts and RPs are personal, not tax advice, not financial advice, and not endorsements. Other interests: aerospace; wildlife; wx; farming; gardening; health
2K Followers 460 FollowingAngus and Rohini Ross believe there is too much suffering in relationships. They teach couples how to find the natural state of love in their relationships.