business as usual

Joined July 2024
p⨀psicle 𓋛 retweeted
Tomorrow.
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p⨀psicle 𓋛 retweeted
monad up so much i changed the lower age preference on hinge back to 18
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p⨀psicle 𓋛 retweeted
REVOKE APPROVALS TO THESE ASAP: Payment Processor V2 on Ethereum: 0x9A1D00bEd7CD04BCDA516d721A596eb22Aac6834 Payment Processor V3 on ApeChain: 0x9a1D00000000fC540e2000560054812452eB5366 use revoke.cash or similar.
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p⨀psicle 𓋛 retweeted
Replying to @ThinkingUSD
Hyperliquid
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p⨀psicle 𓋛 retweeted
GOOD MORNING HYPERLIQUID $90 $HYPE
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p⨀psicle 𓋛 retweeted
Payward 🤝 @HyperliquidX We're building permissioned Hyperliquid HIP-3* markets for US clients.
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p⨀psicle 𓋛 retweeted
"im going to buy btc at 48-50k" as if that isn't the consensus. who's going to sell to you at that price if everyone is a marginal buyer there?
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p⨀psicle 𓋛 retweeted
wow.... is this real??
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p⨀psicle 𓋛 retweeted
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p⨀psicle 𓋛 retweeted
Trex baby
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the remling
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small fat ugly stupid baby Pinky screaming
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p⨀psicle 𓋛 retweeted
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p⨀psicle 𓋛 retweeted
Category researchers and collaborators received a Distinguished Paper Award at IEEE S&P conference (@IEEESSP) for their paper related to private mempools. The techniques introduced were ultimately leveraged in BTX, our latest state-of-the-art Batched Threshold Encryption (BTE) scheme. Congratulations to our researchers: Amit Agarwal, Babak Poorebrahim Gilkalaye, @KushalBabel, @sourav1547, @PeterRindal
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p⨀psicle 𓋛 retweeted
?
Active traders on Monad might want to check their wallets for a little surprise
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p⨀psicle 𓋛 retweeted
Introducing Nitro, a 3 month project accelerator: - Funding from top VCs - Mentorship from industry-leading founders - $500k per team, distributed on Day 1 If you’re building in crypto, it’s time to compress a year into 3 months. Applications are live: nitroacc.xyz
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p⨀psicle 𓋛 retweeted
Reject modernity, embrace tradition L1 scaling. Performance, fast finality, decentralization The Monad way
There have recently been some discussions on the ongoing role of L2s in the Ethereum ecosystem, especially in the face of two facts: * L2s' progress to stage 2 (and, secondarily, on interop) has been far slower and more difficult than originally expected * L1 itself is scaling, fees are very low, and gaslimits are projected to increase greatly in 2026 Both of these facts, for their own separate reasons, mean that the original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path. First, let us recap the original vision. Ethereum needs to scale. The definition of "Ethereum scaling" is the existence of large quantities of block space that is backed by the full faith and credit of Ethereum - that is, block space where, if you do things (including with ETH) inside that block space, your activities are guaranteed to be valid, uncensored, unreverted, untouched, as long as Ethereum itself functions. If you create a 10000 TPS EVM where its connection to L1 is mediated by a multisig bridge, then you are not scaling Ethereum. This vision no longer makes sense. L1 does not need L2s to be "branded shards", because L1 is itself scaling. And L2s are not able or willing to satisfy the properties that a true "branded shard" would require. I've even seen at least one explicitly saying that they may never want to go beyond stage 1, not just for technical reasons around ZK-EVM safety, but also because their customers' regulatory needs require them to have ultimate control. This may be doing the right thing for your customers. But it should be obvious that if you are doing this, then you are not "scaling Ethereum" in the sense meant by the rollup-centric roadmap. But that's fine! it's fine because Ethereum itself is now scaling directly on L1, with large planned increases to its gas limit this year and the years ahead. We should stop thinking about L2s as literally being "branded shards" of Ethereum, with the social status and responsibilities that this entails. Instead, we can think of L2s as being a full spectrum, which includes both chains backed by the full faith and credit of Ethereum with various unique properties (eg. not just EVM), as well as a whole array of options at different levels of connection to Ethereum, that each person (or bot) is free to care about or not care about depending on their needs. What would I do today if I were an L2? * Identify a value add other than "scaling". Examples: (i) non-EVM specialized features/VMs around privacy, (ii) efficiency specialized around a particular application, (iii) truly extreme levels of scaling that even a greatly expanded L1 will not do, (iv) a totally different design for non-financial applications, eg. social, identity, AI, (v) ultra-low-latency and other sequencing properties, (vi) maybe built-in oracles or decentralized dispute resolution or other "non-computationally-verifiable" features * Be stage 1 at the minimum (otherwise you really are just a separate L1 with a bridge, and you should just call yourself that) if you're doing things with ETH or other ethereum-issued assets * Support maximum interoperability with Ethereum, though this will differ for each one (eg. what if you're not EVM, or even not financial?) From Ethereum's side, over the past few months I've become more convinced of the value of the native rollup precompile, particuarly once we have enshrined ZK-EVM proofs that we need anyway to scale L1. This is a precompile that verifies a ZK-EVM proof, and it's "part of Ethereum", so (i) it auto-upgrades along with Ethereum, and (ii) if the precompile has a bug, Ethereum will hard-fork to fix the bug. The native rollup precompile would make full, security-council-free, EVM verification accessible. We should spend much more time working out how to design it in such a way that if your L2 is "EVM plus other stuff", then the native rollup precompile would verify the EVM, and you only have to bring your own prover for the "other stuff" (eg. Stylus). This might involve a canonical way of exposing a lookup table between contract call inputs and outputs, and letting you provide your own values to the lookup table (that you would prove separately). This would make it easy to have safe, strong, trustless interoperability with Ethereum. It also enables synchronous composability (see: ethresear.ch/t/combining-pre… and ethresear.ch/t/synchronous-c… ). And from there, it's each L2's choice exactly what they want to build. Don't just "extend L1", figure out something new to add. This of course means that some will add things that are trust-dependent, or backdoored, or otherwise insecure; this is unavoidable in a permissionless ecosystem where developers have freedom. Our job should make to make it clear to users what guarantees they have, and to build up the strongest Ethereum that we can.
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p⨀psicle 𓋛 retweeted
I’m starting realize that Vitalik was miles ahead of the rest of the industry when he prophesied that highly financialized crypto products have a hard ceiling on value. Everyone is bullish HYPE rn, and there’s probably good upside potential there for traders. But how much upside realistically? Let’s say HL becomes wildly successful. It’s mcap would probably trade at some modest multiple of the NASDAQ (~$55B), for arguments sake, let’s say 3x. That would translate to a hefty $165B dollar HYPE valuation. Thats about a 4-5x price increase from its current level. And that’s on the most optimistic scenario. Or a more reasonable comparison would be to that of present day Robinhood (~$80B mcap), which is a mere 2x from HYPE’s current Val. Again, this is in a very optimistic scenario. The reason for this capped upside is that financial applications are but a small part of societal utility. The largest companies in the world sell goods and services unrelated to finance. Google - An internet and digital products conglomerate - nothing to do with finance Nvidia - chipmaker - nothing to do with finance Meta - social media monopoly - nothing to do with finance Tesla - EV maker / robotics company - nothing to do with finance SpaceX - aerospace company - nothing to do with finance EliLilly - pharma company - nothing to do with finance Apple - computer and smart phone producer - nothing to do with finance The list goes on and on and on. For crypto to level up from here, we need to begin building non-financial (or semi-financial) use cases that are enhanced by decentralization. Money and Finance were the proof of concept for crypto, but we need to begin venturing outside of that bubble. If you peer hard enough, you’ll realize that Vitalik was 1000% right when he said that indexing too much on finance will make crypto an ouroboros. That’s not to say that DeFi is small potatoes. Quite the contrary, I think DeFi will eventually enable finance to grow much larger than its present day size. But that doesn’t mean it’s wise to make DeFi the only onchain use case. The leap doesn’t have to be too foreign either, imo the crypto industry as a whole can grow big time simply by combining the best of what we have in DeFi right now to create semi-financial super apps. The lowest hanging fruit here is decentralized social media with some financial gamification built in. Other more futuristic applications that are far above my pay grade would be zk-proven LLMs that use crypto-economics for verifiable compute. But we need to begin building in these directions. Failing to do so means the upside for all of us will remain severely capped. A 5x isn’t cool. You know what’s cool? 500x. The year of the tail eating snake is over. The year of the conquering Horse is here. Time for crypto to stop eating its own tail and begin conquering uncharted territory outside of money and finance.
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