Serving God, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of sustainable adjacent protocols
Not financial advice
Joined June 2021
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- Following1.3K
- Followers3.3K
- Likes8.5K
Memetics retweeted
@RAILGUN_Project and @0xprivacypools get flak for sanctions checks, but neither can freeze or take your funds without notice.
RAILGUN: screening is client side, and a flagged shield can still unshield back to its origin. Confiscating funds would take a smart contract upgrade, which requires a RAIL vote--a form of public due process--with the exact calldata onchain 7+ days before execution. and no confiscation policy is currently contemplated.
Privacy Pools: the ASP can withhold approval, which forces a public ragequit to your deposit address. Deanonymization, not seizure.
to me this is the line of "permissionless but not lawless "...anyone can use these systems with no fear of funds seizure, but there are legal protections that may nerf certain features...
Memetics retweeted
The most unique thing about $RAIL is distribution. Most privacy projects/protocols try to offer privacy through their own website, app, or entity. RAILGUN offers it through smart contracts + third party builders handling frontend UX + contract upgrades preserved by stakers.
Memetics retweeted
Big difference between NEAR and Railgun in terms of privacy.
On NEAR you have no control of your view key, meaning if any third party asks to decrypt txs data they will do.
Railgun instead gives the view key to the user, meaning that only the user has the power to decrypt it.
Memetics retweeted
Protocol Security Request #27 is live and sponsored on stakerail.fi/
Deploy RAILGUN privacy on @base
Memetics retweeted
privacy is a stack & an ecosystem of different actors working as one x Ethereum Privacy Stack event example:
- browsers used by millions x @brave [@PryvitKyle]
- institutional needs x @eth_systems x @oskarth
- self-sovereign finances x Kohaku/@ethereumfndn x @kassandraETH & @RAILGUN_Project x @tsu_kareta
- network-level privacy x @hoprnet x @SCBuergel
- censorship resistant voting @jordipainan x @vocdoni
- privacy in DAOs @A_Leutenegger x @AragonProject
- identity layer x @humntech x @hebbianloop
- research & adoption x @ethereumfndn x @AndyGuzmanEth
- hacktivism meets government x @mashbean
- dev protection @Joan_Arus x @SentinelSwiss
- ecosystem lobbying @MarinaMarkezic x @EuEthInstitute
- democratic coordination @Rarimo_protocol x @LashaAntadze
- Google Suite alternative x @fileverse x @miroyato
- mixnet x @nym x @_wjth
- og hacktivism @RogerDingledine
- visionary @VitalikButerin
History: eps25.web3privacy.info
Ethereum Privacy Stack lineup is a blast!
50+ minds shaping all stack domains from network-level privacy to application privacy.
feat @VitalikButerin, @ameensol, @SCBuergel, @LefterisJP, @ncsgy, @hwwonx, @tsu_kareta, @Fatalmeh, @MarinaMarkezic, @miroyato, @ml_sudo, @Pol_Lanski, @ontologymachine, @PryvitKyle, @austingriffith, @oskarth & much more
Tomorrow: eps25.web3privacy.info
Brought to you by @PrivacyEthereum & @web3privacy
Memetics retweeted
one of my biggest asks for @RAILGUN_Project has always been... hardware wallet support.
in about a week's worth of work, @_zy0nn prototyped zk proofs that sign from a @Ledger 🤯
the story 👇
Memetics retweeted
There’s a big difference between systems that pretend to be decentralized & systems actually decentralized.
I also prefer the PPOI approach for privacy. I do not want my funds mixed in the same pool as illicit actors which results in a justification for address tainting.
Memetics retweeted
Zcash annual revenue: $200K
Railgun annual revenue: $5M
Zcash 32 VCs
Railgun 0 VCs
Zcash mcap: $10.4B
Railgun mcap: $130M
Alright buddy
Memetics retweeted
0x <> 0zk = private DeFi. Any token, any stable, any contract can be engaged with privately on Ethereum NOW. Not later. You don't need a "privacy token" to be private. You need privacy infrastructure.
Private hardware wallets (real ones), private multisigs, and private wallets powered by Kohaku are the future of finance.
Memetics retweeted
Ethereum Foundation just quietly published
kohaku-eth/railgun on npm.
public access. signed build. transparency log.
32 downloads so far.
the privacy layer is live.
most people just don't know yet.
@RAILGUN_Project
Memetics retweeted
It’s funny to see people that made 100% of their money and built 100% of their audience in crypto tell others there’s nothing left here and to pivot to stocks.
When the market turns around, they’ll make sure to extract as much as they can from this industry because it’s the only way they generate any sort of income in the first place.
There’s obviously been more opportunity elsewhere but the irony is strong, shows you how loose their convictions were in the first place.
All roads lead back to crypto.
Memetics retweeted
PRIVACY IS MORE THAN MONEY
This is what the Kohaku project is, straight from its core contributors, @VitalikButerin and @ncsgy.
TLDR: it is a serious attempt to rethink online safety and privacy across money, AI, and life.
Let’s dive in.
Memetics retweeted
RAILGUN is 94M TVL, 5B private volume, the most used and usable privacy infra for defi/prifi known to man, substantive security rewards for staking (73% mcap is staked), not even top 300 crypto mcap, and fucking POTATOES are up 700% month over month. What is wrong with the world?
Memetics retweeted
privacy is not an issue for most people until it is.
"ive been debanked multiple times."
so @_zy0nn began building for @RAILGUN_Project. today, it stands tall as ethereum's privacy layer.
banks can't touch it.
$9.5m in hacked funds couldn't either.
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