ReturnOfTheFax

📠 faxme.eth

[ReturnOfTheFax @FaxReturn]

@mitchellh This struck me the other day. Git is really clunky to use in such a speculative way.

[Mitchell Hashimoto @mitchellh]

A problem with VCS today in an agentic world is they only store the [mostly] successful history. We should be storing the thousands of branches that were failures; the false starts that didn't solve the problem. The negatives are important and we are just throwing it all away.

[ReturnOfTheFax @FaxReturn]

Because the aim knows tailwind and component-level styles are easier for it to grasp than cascade

[Simon Martinelli @simas_ch]

I’ve never used Tailwind because I know CSS. And now AI knows CSS. Why do you still use Tailwind?

[Sergey Nazarov @sergeynazarovx]

i just don't understand how this simple search for applications can be broken in macOS

[Mitchell Hashimoto @mitchellh]

I just want to log in without being redirected 42 times or logged out every single day. I want to remain logged in on my device for at least months. We have machines that can mimic sentience and yet we can’t do log in for more than 24 hours. We’ve been played for fools.

[ReturnOfTheFax @FaxReturn]

@ChShersh Can't see if a dunk on git or GitHub desktop

[Stani @StaniKulechov]

https://t.co/s1ozjoYDyX

[Stani @StaniKulechov]

After four years, we are finally ready to share that the SEC has concluded its investigation into the Aave Protocol.

This process demanded significant effort and resources from our team, and from me personally as the founder, to protect Aave, its ecosystem, and DeFi more broadly.

DeFi has faced unfair regulatory pressure in recent years. We’re glad to put this behind us as we enter a new era where developers can truly build the future of finance.

DeFi will win.

[DHH @dhh]

The inflation in YouTube thumbnail expressions is the cranial distortion version of the loudness wars. (And enough to make one seriously contemplate what life on a farm without internet might offer!) https://t.co/LUfCCQzfj0

[ReturnOfTheFax @FaxReturn]

@mrbayoa1 What if they change the terms?

[ReturnOfTheFax @FaxReturn]

@Ethprofit @base wait wtf that can't be a real tweet?

[ReturnOfTheFax @FaxReturn]

@aarondfrancis The future editability of it is the real banger. As soon as something annoys you you can just tweak it unlike a bunch of these other tools.

[Thomas Sowell Quotes @ThomasSowell]

Hugh Grant: "It's been very, very depressing watching Big Tech kidnap their lives, and to see children really finding it very, very difficult to get properly interested in anything that isn't a screen."

[niko @saintniko]

the Aztec sale might be the most important crypto success story in a *long* time

- fully onchain
- transparent
- open to anyone

no back door arrangements, just pure market-driven price discovery

there's currently $57m~ in bids across 15,734 unique wallets, with 23 hours left (bidders were also able to use zkpassport instead of kyc)

once the sale ends, a uni v4 pool will be created at the final price and later enabled at tge

that pool will already have $>21m of TVL, making it the third largest V4 pool that exists

tldr, just use cca

[Aaron Francis @aarondfrancis]

I wrote zero lines of this code.

I think things are changing more rapidly than I understood.

I probably spent 30 minutes talking to Opus 4.5 about it, and now I have a fully functioning tool. And I'm making more tools every day.

I don't think we're slowing down!

[niko @saintniko]

wow

bidding the aztec sale was incredibly smooth

plus, anyone who doesn't want to kyc can just use zkpassport (info never leaves your phone)

this is what the future of token distribution looks like, powered by cca

[Marcus Eisele @eiselems]

@ThePrimeagen The most amazing achievement of the computer software industry is its continuing cancellation of the steady and staggering gains made by the computer hardware industry.

- Henry Petroski

[6529 @punk6529]

1/ On Losing Faith

Is it over?
Was it all a fever dream?
Have we run out of steam?
Is it time to pivot to AI for real this time?

2/ Everything is dead?

BTC: DAT premiums down, nobody cares
ETH: Stablecoin
Alts: Crushed
NFTs: Right click saved
Meme coins: As expected tbh
Zcash: Pumping! which ofc means "cycle is over"

3/ This is the worst cryptotwitter timeline I have ever seen relative to the environment.

Nobody is attacking us, USA is being reasonable and rational, no CEX has run away with our money, and yet, dead, dead, dead.

No narrative, no spark, nothing.

4/ Why?

I read the timeline and it tells me:

a/"nobody owns BTC" (odd, I mean someone has to own BTC, there is a ton of BTC)

and

b/ "the gamblers have liquidated themselves (again)" - true, but it was always like this

5/ This TL feels different. This does not feel like
"fuck I got liquidated", it feels like malaise, tiredness.

Like boredom, to be honest.

I know you think it is the price action but the price action is obviously downstream from psychology.

6/ I have a different view of what is going on.

I think almost everyone forgot what matters, chased after things that did not matter and, we are in the process of discovering they don't matter.

7/ What matters? Only decentralization, only permissionlessness. Nothing else matters at all.

Everything else about crypto is WORSE than a centralized database and always will be because that is how computers work.

8/ In my view, basically everyone "major" except vitalik has strayed from the light on this.

Let's start with Team BTC which USED to be very interested in how to build a network that become nation-state resistant.

This was the BTC of Antonopoulos, of Lopp

9/ We are 5 years into the BTC of Saylor and that BTC is 100% about driving price action.

It is about driving flows to BTC, about getting fully integrated with the USA financial system.

10/ It sounds nice, it sounds better than the system beating us with a big stick, but the net effect is that more and more BTC ends up in Coinbase Custody in New York State

Nothing wrong with that, but none of that BTC is nation-state resistant.

It is 100% non-resistant to the US government specifically.

11/ The problem with this is that with permissionlessness off the table, the only thing left to drive purchases of BTC is FOMO.

"there are only 21M, they are going to run out, you need to buy some before others do and it goes exponential"

12/ I mean, maybe that is true.

I am not making price predictions, I still own BTC and always will I think.

But it is cringe, and it is wrong.

13/ You can think about this by taking it to the extreme case and trying to understand which of the two scenarios adds value to the world.

14/

Scenario A: Blackrock owns all 21M BTC, everyone on planet earth owns shares in the Blackrock ETF and Brian Armstrong is in charge of making sure we don't lose Our Precious

Scenario B: Everyone on earth has their own BTC wallet and BTC is distributed in several billion places around the world and it is literally impossible for any government to stop BTC

15/ In Scenario A, BTC is a complete and utter failure. It is just a pet rock. Yes it is "rare" but it is also "100% seize-able by the USA government"

At which point, it might as well be an IOU from the USA government that it pinky-swears is rare

16/ "but it is not like this because other nation-states are accumulating and game theory blah blah blah"

No my brothers and sisters.

The exact scenario where your BTC get seized is a) centralized and b) hyperbitcoinization

Maybe the Strategic Bitcoin Reserve is happening and it is your ETF and $STRATEGY (TM) capital stack all along (thank you for your contribution to our national security)

17/ To be clear, nobody is seizing your BTC (let alone your ETH) now because it is not important enough yet.

But, if it was, I dunno, I would not trust those centralized vehicles.

CEO, Board, shareholders, SEC, US government, state government, custody firm, their regulators all have an angle of attack on a DAT.

18/ If USA seizes BTC, other countries won't save you:

EU: "Thank god our dreams have come true, we can ban it also"

UAE: "grumble grumble, but fine we will go along"

China: "ban. unban. ban. unban. anyway so long as currency is not free-floating, BTC won't be free here"

Russia: "someone falls out of a window"

19/ Of course, BTC in ETFs is by no means the worst of it. The "crypto's main use is a casino" crowd is the worst.

This is not a zero-sum game, it is a negative sum game because it is rigged.

20/ "what about the JPGs huh?" -> I still love them.

The best ones are the best tokens in the world by far, rare, suffused with meaning, with no external dependencies and great to hold on-chain.

And beyond the art JPGs, I think that NFTs can do many more things, but this is on me to "show, not tell"

21/ I want to circle back to BTC because it is the easiest to reason about.

When people explained to me time and time again that it was a ponzi, I had a simple explanation of why it is not.

21/ BTC lets you do some things better than the existing system. "be sovereign over your money" or "send money to anyone on the planet within minutes" or "maintain an insurance policy against the existing financial system"

22/ I could not tell you how much value this had, but I knew it was not zero.

In fact, the value went up the more people used it, the bigger the network was, the more people you could transact with, the more resilient it was to government censorship.

These are the economics of a network system, not of a ponzi.

23/ If you take this away, if you stop building a network but instead just, at the extreme, just sell everyone shares of the ETF, well there is no network, there is no incremental network value being generated by the next buyer.

24/ In this model, BTC becomes more ponzi-like.

If a new participant does not make the network stronger by joining, they are not adding value, therefore there is a fixed pie and it is just value transfer to an existing holder.

25/ Again, take it to the extreme other direction -> assume we managed to move the whole economy to decentralized rails.

I think that world would be better, it would make better decisions, it would take advantage of the wisdom of crowds, there would be more transparency, less rent-seeking and the aggregate value of the world goes up because it is more productive.

Some % of the improved value of the world will get captured by the early participants to the network (which is normal and fair) but some % will be captured by everyone (as a late participant or consumer).

26/ But if we don't make the world better, if the world is exactly what it is, but also we play with a pet rock, this will not happen and, well, eventually playing with pet rocks gets very boring

27/ So what to do?

The same things you always should do:

a/ push yourself, and by extension, the world an inch, a foot, a mile down the pathway of decentralization.

many ways to do this, it is a journey, start today.

b/ remember, you, yes, you in the mirror have no business trading perps or day-trading stupid coins.

you are bad at it and your future self will be mad at your current self.

28/ If you must do it, carve out a budget and test how great you are across the cycle with your budget (1%, 5%, 10%, 20% of your portfolio, not all of it)

I am of course a dinosaur, but my total portfolio % of "putting money into stupid coins I have been FOMOed into it" is less than 1%. It has gone about as well as you might expect.

29/ Other than that, own some BTC, some ETH, some NFTs (good ones, that you like) in a self-custodial wallet, a small number of your favorite alts if you must.

And keep your job. Earn money, don't try to be a pro crypto trader, this is an imaginary job that only cobie and like 5 other people are qualified for.

I have always worked, every single day of my adult life. You should too.

30/ Crypto is a bad way to get rich quick, but a decent way to get rich slowly. In any case, you should have some stake in the decentralized world, in the digital world.

31/ I think in the end, "it" will be OK but "it" it not everything, it is not most things. As it always was, most coins will go to zero, most NFTs will go to zero. These are the rules of the game.

32/ Most of you are young. You have time, you have time into the ASI world, you have the greatest gift and wealth of all. You will be ok.

33/ Don't mope. It does not help anything. If you are bummed out, sad about your outcomes, there is only one sure thing that helps.

Get back to working.

34/ Even if you are young, life is short, your life is the important thing, money is just a game, just a tool, just an information system.

Don't anchor to your wealth, don't anchor to your ATH, it is not real, my ATH wealth has gone down 90% multiple times. Note it and just keep going.

If you are healthy, in a decent country, in a half-decent economic situation, you are better off than almost anyone who has ever lived

35/ If you have an opinion (even a dumb one) about Monad or Grifters, you are in the 0.001% most forward thinking people in the world.

Did you make a "mistake"?

Who cares, everyone makes mistakes - keep going, keep trying, keep making mistakes, eventually you will find your way, you will get a win.

This is how it goes.

36/ use a hardware wallet and even better a SAFE

37/ and to close again with the most important thing. decentralization is the only thing that matters.

if you go in that direction, if we go in that direction, in the end, it will be ok.

i have no doubt about this, i have never had any doubts about this, it matters so much more than you think it does.

/the end

[ReturnOfTheFax @FaxReturn]

1) what

[Anna Naik @Anna_Naikk]

I was a housewife. My husband had an extra marital affair with his younger, hot colleague. Eventually we separated. He was working in the spices industry. So I setup my own spices factory and scaled it up to 300 Cr in an year & took over his company. Also married his best friend.

[Gergely Orosz @GergelyOrosz]

The thing with Google and dev tools: Google keeps abandoning them / seems to have no coherent strategy.

The last few years we’ve seen IDX launch, Jules launch - they both feel abandoned. Google has Firebase Studio.

Now “Antigravity.”

Hard to trust this will be around in a year