Shinan

When we all fall asleep, where do we go?
Co-founder of@ChatPayIE

[Cointelegraph @Cointelegraph]

🔥 JUST IN: Backpack has launched 24/7 trading for tokenized U.S. equities, allowing international investors to trade real shares like SpaceX, Micron, and SanDisk with instant settlement on Solana.

[MR SHIFT 🦁 @KevinWSHPod]

Work hard

Make more $ than you spend

DCA

And chill

[Circle @circle]

Circle President Heath Tarbert joined @CNBC to discuss the UK’s new stablecoin regulations, USDC as a cash equivalent, global dollarization, issuer competition, and institutional adoption.

Watch the full interview. https://t.co/48ZtOijvHS

[vitalik.eth @VitalikButerin]

Two weeks ago, Ethereum researchers met in Berlin to continue charting the protocol's long-term trajectory, following along discussions with client teams in Svalbard in April.

The updated strawmap is at https://t.co/9e2AQ6rhz6, and I attached a picture of it to this post.

My own high-level takeaways:

* "Lean Ethereum" is not a single one-shot upgrade, it is a collection of improvements that will come online to the Ethereum network over the course of three or four years. But make no mistake, this IS the third major iteration of Ethereum in the same way that the Merge was the second. Almost every major piece of the protocol will be replaced:

- Verification through recursive STARKs, rather than direct re-execution. Recursive STARKs become an enshrined first-class core component of the protocol
- Replacing everything quantum-vulnerable with quantum-safe alternatives
- Consensus: decoupled available chain and finality, one or two-round finality. Theoretically optimal security properties, simpler than today, and faster than today
- Multidimensional gas
- State: not just tree structure, but what *types* of state are available
- Changes to client architecture
...

At the same time, simplification, cleanup and future-proofing. And this will all be done in a way that minimizes disruption to existing application. We've done this before (the Merge), we can do it again.

* H-star (aka Hegota) is probably Ethereum's last thematically "pre-Lean" fork. Starting from I-star, most of everything we do will have a very strong "Lean" feel to it in one way or another.

* Privacy is no longer an afterthought, it is a first class goal. When designing Frames, the mempool, additions to the state tree, we explicitly ask the question "okay, how do quantum-safe, intermediary-free privacy protocol transactions go through this, and what is the overhead?"

* Formal verification of everything for security.

* FV also makes us much more comfortable with canonicalization (having pieces of the protocol that are directly defined as a piece of bytecode expressed in some language). evm-asm is being written in part to become a canonical proof system for the EVM.

* Quantum safety has shifted up a LOT in priority. This adds a lot of work (eg. finalizing a quantum-safe blobs design has become urgent; this work has already been ongoing for months)

* Probably the single most disruptive part of the plan is the changes to state. There is growing consensus around leaving present-day-style "dynamic state" mostly unchanged, but scaling it only a medium amount, and adding new types of state that are more scalability-friendly (eg. no need for builders to sync/store all of it) but more restrictive, and that will scale a large amount.

eg. possible Ethereum in 2030: 2 TB of present-day-style (dynamic) state, and 100 TB of new-style (scalable but restrictive) state

This "new-style" state would work very well for ERC20s, NFTs, many defi use cases, but not eg. highly "central" objects like Uniswap contracts, or onchain order books, or other complex things (which are crucial for Ethereum but which only take up a small percentage of state)

Hence, it will not be *necessary* to rewrite any apps, but it will be *very cost-effective* to eg. rewrite an ERC20 token into a newer design that uses a new type of UTXO storage that is currently being explored, so that it will have >10x lower txfees.

Design of these new state types (current ideas: keyed nonces, ring buffers, UTXOs, statically accessible state, temp state) is an area where we will need a lot of feedback from application developers (incl. privacy-friendly application developers) and probably several rounds of rethinking and iteration.

* In the context of a much larger total state size, we need to figure out the incentive issues around who stores this state and what motivates them to. Even saying "each node stores 1%" is not good enough - why do they store that 1% and why are they willing to serve it? This is being elevated as a first-class research area.

* Ethereum will need to have a "VM" other than EVM in one form or another - at the very least, we need something like leanISA for recursive STARKs - and the gains are large in exposing it to users so that we support programmable privacy and better scalability. Right now, the most likely contenders are leanISA and RISC-V.

My own ideal is that in this world, we adjust the protocol so that the EVM becomes a high-level-language compiler-level feature, and the protocol only "sees" RISC-V / leanISA directly. But this is still far away.

* Gas limit increases, blob increases and slot time decreases will happen many times over the next ~5 years. We expect a large gas limit increase with Glasterdam. Each step of increased scale or decreased slot time is a matter of getting to the point where it is safe to do it, which comes from a combination of client optimization and protocol changes.

Ethereum is CROPS.

Ethereum is scaling.

Ethereum is reinventing itself.

Onward.

[Shinan @Shinanwon]

@benln yes!

[Shinan @Shinanwon]

😂

[Peter Steinberger 🦞 @steipete]

I fed Fable 80.000 of my tweets so it could roast me even more. 💀

[SolanaFloor @SolanaFloor]

🚨JUST IN: Allfunds, one of the world’s largest fund distribution networks, is expanding tokenized funds to Solana, connecting 3,300+ firms and nearly €1.8T in administered assets to onchain markets.

[MR SHIFT 🦁 @KevinWSHPod]

$SOL probably doing well again this cycle

New narrative - tokenized spot assets / RWA

Sentiment in the gutter

Potential tokenomics improvement

New wave of teams and builders

New cycle

Still holding a big bag bought at 15-20 USD last cycle

Lfg

[Peter Steinberger 🦞 @steipete]

Here's a simple loop: Tell codex to maintain your repos, wake up every 5 minutes and direct work to threads. That makes it easy to parallelize+steer work as needed.

I use a orchestrator skill combined with my triage+autoreview+computer use skills, so some work can land autonomously. https://t.co/FbBoJTIcfd
https://t.co/8389roVnOm

[Shinan @Shinanwon]

That's an amazing video! Let's build the Solana ecosystem with SuperteamIE! ☘️🇮🇪

[Castle DAO 🏰 @cstldao]

Kings ruled here.
Rockstars played here.
Now @Solana builders will launch here.

@SuperteamIE’s Builder Residency awaits.

It’s your turn to leave your mark on the internet.

Register now.

[Shinan @Shinanwon]

Macro Memo: Spin Cycle https://t.co/mVuZPfehGe

[Shinan @Shinanwon]

As someone from a finance background, Tim has always been a role model.

Thank you for the changes you've brought to the world over the past decade and beyond.

[9to5Mac @9to5mac]

Tim Cook ending with that personal note hit hard 😢

[Apple Hub @theapplehub]

Tim says goodbye 😢

Thank you Tim 🙏

[a16z crypto @a16zcrypto]

How to find product-market fit: 5 strategies for web3

w/ @jasonrosenthal

Full post here: https://t.co/ROaoEjA1eZ

[Superteam Ireland @superteamIE]

What a turnout at our sold out Tokenization event in @dogpatchlabs. A mixed room with TradFi and DeFi natives.

Speakers include: @CtrlAltCo, @PwC, @BaillieGifford, @BNYglobal and Interwoven.

The panel spoke about second mover advantage, and how we can learn best from other countries mistakes.

[Shinan @Shinanwon]

No matter who stays
No matter who leaves
Keep building
I'll never give up

[Shinan @Shinanwon]

Strange feeling when you’re still putting in the work, but the story outside starts sounding different.

I’m not giving up on what I’m building.

[Shinan @Shinanwon]

😂

[Steve Hou @stevehou]

Lex Fridman is hitchhiking with truckers in China using ChatGPT translator. Looks a bit sketch but seems to be having a good time.

[Shinan @Shinanwon]

SuperteamIE! 🔥🇮🇪☘️

[D @Diarmuid_100x]

Looking back at @superteamIE's biggest @colosseum yet.

for Frontier, we had 68 submissions in total (once N.I. is attributed).

up from 39 at the Cypherpunk hackathon.
registrations also doubled.

it's great that we keep growing, and it's a testament to how engaged the Irish community is.

and while raw counts are useful.., they don't tell the full story.

the real things to be looking at here is in conversion & conviction; how many teams keep building. how many get users, raise funding, become active ecosystem contributors.. etc.

and speaking for myself and @A_gutierro, we’re truly excited to show @solana and the world that Ireland isn’t just producing more teams... it’s producing teams with the quality and most importantly.. conviction.

our demo day was a signal of this:

🥇 $4000 @looftaxyz - a non-custodial payment platform built on @magicblock's private ephemeral rollup.
🥈 $2500 @AuxinAutomata - an SDK that gives robots running ai models the ability to pay for compute autonomously while enabling immutable compliance logs.
🥉 $1500 @MentionedMarket - a social prediction market where you bet on which words or names appear in real-world media.
🏅 $1000 @ChordOracle - calling APIs from smart contracts usually means building a custom oracle. Chord abstracts that away: define any off-chain action and trigger it from your Solana program in one line. OpenAI, Slack, Stripe, Salesforce - any API fully onchain
🏅 $1000 @SaySoFun - capital-efficient prediction markets on Solana. Borrow stablecoins against live exposure, loop for leveraged conviction.

thank you to our judges & mentors who helped throughout our buildstation also. your time & energy never goes unappreciated; @PeteTownsendNV, @j0hmo, @3_DavidMc, @inks, @BulldogXBT, @uxmiles
& more.

finally, a big shoutout to my team: el jefe @A_gutierro, @irishnftgal for finally giving our socials the love it deserves, and Virginia (she's not on X but she does a lot of the invisible labour with events)

big congrats to everyone who shipped.

i'm proud of you all and proud of us as a community and ecosystem.

@superteam
@looftapay
@AuxinAutomata
@buildcoldstar
@opsonchain
@anon0mesh
@dumdotfun
@tntxdotai
@stealf_finance
@MentionedMarket
@stealf_finance
@ChordOracle
@Zela_payment
@basedbidx
@Upscalpfutures
@SaySoFun
@sota_web3
@Protocol01_
@moongrow420
@VANE_defi
@Auths_dAdX
@coloniiworld
@SourcingLens
@iochaindev
@LeverRisk
@WizzaidOS
@chatpaydotone
@AgentWalletHQ
@LatinumAI
@16SignalsHQ
& more.

[a16z @a16z]

Lloyd Blankfein on Goldman Sachs and the Future of Finance

Lloyd Blankfein served as CEO of Goldman Sachs for 12 years, from 2006 to 2018. He joins a16z GP David Haber for a conversation on Goldman's history both pre- and post-IPO, navigating Goldman Sachs through the financial crisis, and the opportunities and challenges that he sees in the world of AI.

00:00 Intro
01:02 Lloyd's Twitter
02:18 White House Correspondents' Dinner story
06:44 From public housing to Wall Street
23:36 Goldman's culture
37:25 Firm over fund
41:14 Mentorship and entrepreneurial initiative
47:05 Goldman's risk management through the 2008 financial crisis
56:11 AI and career wisdom

@lloydblankfein @dhaber