Tech companies: “Our clever cryptographers have found a way to preserve privacy and 100% anonymity while also performing age checks.”
UK govt: “No, that’s not what we wanted!”
Reconnected with a old friend after moving, he’s the best guitar player I know. Long story short ive got free guitar lessons until I’m good enough for us to start a band.
7 protocols moved $4.5b from layerzero to chainlink CCIP in under 6 months. kelpdao ($1.5b), lombard ($1b), solv ($700m), kraken, puffer, re7, elixir. all independent security assessments, all reached the same conclusion. the part worth pricing in: nexus mutual and insurace charge 40-60% lower premiums on CCIP bridges than layerzero. that's not narrative, that's actuarial math from underwriters with capital at risk. layerzero's 2-of-2 oracle+relayer model has no mandatory staking or slashing. CCIP runs a secondary risk management network that can halt malicious transactions even if the primary oracle is compromised. when you're a CTO managing $1.5b in restaked ETH, the $150k annual fee premium for CCIP is a rounding error against existential exploit risk. SWIFT chose CCIP for tokenized asset settlement. DTCC chose chainlink for collateral management. blackrock BUIDL needs cross-chain portability across 15 chains. the $4.5b that already moved is DeFi native. the $33.6b in tokenized RWAs today, projected $16t by 2030, hasn't even entered the queue yet.
Played guitar a few nights ago with some really talented people. Held my own, started some stuff and took cues into other things. It was really good fun