@Grayscale@realvijayk arigato gozaimasu!
if Kaspa army showed up here, think how they'll show up when you provide a KAS digital asset..
by mid june Kaspa OP_CAT++ Bitcoin. worth the attention _/\_
when you boil it down to the main point, the reason I am involved in cryptocurrency is because I believe governments will act to expropriate individual property in unpredictable ways over the next decade
traditional businesses are sand castles in my framework. out with the tide
People found a generational investment (bitcoin and ethereum) and decided to try to break it up into 4 year cycles to trade
These assets are the $8,000 house your grandfather bought. The apple stock your parents bought.
Your grandchildren will complain about how easy you had it. All you need to do is believe
In Session 05 of Proof is in the Pudding, @cryptodavidw dives into:
+ TEEs and confidential compute
+ Why TEEs are secure (and why they’re not)
+ Memory encryption, measurements, and firmware
TIMESTAMPS
0:00 Intro
0:25 Confidential compute
12:55 TEE security and attack vectors
25:08 Root of trust
27:51 TXT, SGX, VMX, and memory encryption
35:55 Measurements and firmware
A new paper worth being excited about: proofs of useful work (pouw) by Ilan Komargodski @komargodski, Itamar Schen, and Omri Weinstein @WeinsteinOmri.
https://t.co/cO9YkFZoij
tldr; a pow function involving matrix multiplication such that the miner can choose the matrices freely (eg matrices used for own AI inference)---counterintuitive that main pow properties still hold, but they do. This is the first useful pow that makes sense since the idea was proposed about a decade ago.
Why definitely important: solves / significantly mitigates security budget draining threat, by adding a funding source (the usefulness) for mining.
Why could be important: mitigates wastefulness of pow by plugging into a high demand computation market, namely AI inference (/training). I believe addressing this issue is vital for political feasibility of pow, it's too easy for politicians to rally public opinion against wasteful pow; admittedly feels like the pow bon ton gets a kick out of this misalignment.
Possible criticism: some argue wastefulness is essential for security, and that usefulness effectively funds attacks or removes attack costs (related: https://t.co/RXEBIcJy3e). One remedy is the constant wasteful overhead that still exists in pouw, but mainly I believe this is not a real threat if you successfully penetrate a huge computation market with so many diverse players; the vast scale of this market can arguably cover for model imperfections (which are inherent to the objective).
Notes: (i) afaiu from the team, current pouw requires adaptation to be fit for high bps; (ii) pouw unrelated to opow/kheavyhash though shares some common goals.
Congrats on this achievement pouw team, tracking your progress!
https://t.co/5eyKzfAEkx
Makes no sense to me. Often they choose listings over community rounds too. One of the biggest reasons projects back out of echo rounds is because (CEX run by Voldemort) told them community round means no d1 listing or maybe ever
Seems much more important to reward and align your biggest supporters than be listed on T1s 3 months earlier
The wait is over.
House of TEN is now opening its doors to everyone on the waitlist.
Your early commitment has been rewarded. Access is now available to witness AI agents bluff each other and earn rewards.
100 ZEN tokens await in your wallet to get started.
Enter the House now: https://t.co/JmZ4Uo1ar6
1/ TM builders. We've joined forces with @wardenprotocol to transform how AI agents operate in web3.
Our controlled execution environment means autonomous agents can now run with logic that can't be hacked, gamed, or manipulated.
I hear talk about people capitulating all over these days. Other people capitulating is your opportunity. At none of crypto's pivotal moments was it easy. At bottoms, there was always talk of lower. During forks there was always talk of chain destruction. We now find ourselves in another not-so-easy moment. If that makes you emotional, that's okay, sit with the emotion, observe it, and then decide what to do with it. With some patience, you can make it...
While there is always a risk of lower, I continue to believe this is a mid-bull pullback and that we haven't seen "cycle top." $BTC giving up a bit more ground isn't going to change that view. Selling here is unlikely to be a good idea if you're wavering - because if you're selling here, it also tells me you're prone to get sidelined on the way up. At worst, just sit on your hands, don't even look at prices if it helps and you're not going to do anything anyway. If you have any dry powder left, add bits here and there if things look really attractive to you, or when you feel sickest. NFA, just sharing my two sats.
It looks to me like alts led BTC, BTC led equities. Equities might have some more shaking out to do, but remember this: BTC and cryptoassets are the fastest horses in finance, to the downside and upside. If equities go soft enough, measures will be taken to avoid any major or systemic weakness, because Trump's favorite scoreboard is the stock market -- and cryptoassets will feel those measures most acutely.
If you get out of crypto due to fear, or trying to be too cute, you will get whiplash on the other side of this. Don't listen to the traders that are always perfect - they're liars. People making significant money rarely brag about how much money they make. I make mistakes all the time, but a key for me has always been staying significantly allocated to multi-decadal growth stories. In a sense, I always go partially down with the ship, while storing some reserves in lifeboats when times are good (read: take profit the next time you feel an urge to gloat).
Beyond liquidity injections, rate adjustments, and macro at large, right now is an incredibly exciting time for blockchains. They're finally getting the (inter)national respect they deserve, and all kinds of formidable teams are working on projects to bring blockchain applications deeper (and seamlessly) into the social fabric. Only last year did institutions really get the green light from Uncle Sam to play ball.
All these things take time - hang in there magic money friends.
But once people and institutions "get it," which I firmly believe is the case with bitcoin and blockchains today, then it is all about turning the crank on belief.
We'll look back one day and realize how much the systems we were playing with for the first 1.5 decades were at the "toy stage."
Looks like crypto transfers are becoming severely restricted in Europe.
1. @coinbase blocking transfers to recipients other than yourself, and if it is a self-custodial wallet, you have to sign a message to prove your ownership