RustyRabbit

non fungible dad
security researcher

[RustyRabbit @_RustyRabbit]

This is ridiculous on a public competition!

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@hrkrshnn So Deepseek becomes the European edge now?

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@LefterisJP They could be held liable.

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This is really getting annoying:

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@hrkrshnn Most (small to medium) companies have this data in people’s heads. The hard part is getting it out in a format that can be used for training.
Maybe resistence is futile, but people will resist.

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Copyright at it's best again

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So this is why reading AI output is so mind numbing:

[Stani @StaniKulechov]

Disappointed by the European Central Bank’s (ECB) and European Banking Authority’s (EBA) responses to the MiCA consultation.

They are not only advocating for a prohibition on paying yield on stablecoins, but also for restrictions on CASPs providing access to DeFi, including protocols offering yield on non-MiCA-authorized stablecoins, without providing a clear framework for how access to DeFi should work in practice.

They also suggest that CASPs offering access to DeFi should restrict it to certain groups of users through so-called “suitability tests,” alongside a potential certification regime for DeFi lending protocols.

It is unclear how these requirements would work in practice. If regulators determine which protocols are deemed suitable for European users, the result risks looking very different from the open DeFi that exists today.

Instead, we could end up with more walled gardens that undermine the liquidity and network effects of open financial networks, ultimately limiting Europeans’ ability to access new ways to grow and preserve wealth.

These proposals are presented as measures to “protect consumers.” But excessive restrictions can instead create more friction for innovation and slow the development of open, transparent, and auditable financial infrastructure that can benefit consumers.

The reality is that onchain finance, including stablecoins, DeFi, and tokenized securities, has the potential to reshape financial infrastructure by reducing friction, increasing transparency, and expanding access to financial opportunities.

European consumers and businesses stand to benefit significantly from this transformation, particularly if the companies building this infrastructure can continue to build and compete from within Europe.

Meanwhile, U.S. regulators, including the SEC and CFTC, have increasingly taken a more pragmatic approach toward enabling onchain financial innovation.

European regulators should put users and their interests at the center of the framework. Banks and other incumbents should be able to adapt their businesses to serve users in an increasingly onchain economy, rather than relying on artificial restrictions that risk increasing costs and reducing access for Europeans as the rest of the world moves onchain.

DeFi will win.

[RustyRabbit @_RustyRabbit]

@Mudit__Gupta Everyone should just use UTC.

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@hrkrshnn If you do, please also do a write-up of the process to get there.

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@DevDacian Basically is AI a dog or a cat ?

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@luigidemeo @avax How much does a safe cost that hold tens of millions of diamonds?

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@devtooligan Lol

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@LefterisJP Rest of EU will probablybalso start copying it, once they see it working in Germany.

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@gnosispay @getrebind I don't want the IBAN though.

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@koeppelmann The end of individual intellectual property, everything becomes common knowledge.

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@onewayfunction Reality being stranger than fiction

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Reminder that try/catch on an empty address does not trigger the catch, it merely reverts.