zacharyyyy

despite everything it is still you, prev devops/fs @openmarket_xyz @patlytics

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[zacharyyyy @bashtwigs]

singapore I am inside u

[zacharyyyy @bashtwigs]

@notsky experiencing this in real time right now

[Metaplex @metaplex]

Bringing new markets onchain requires compliance infrastructure that supports issuer-sponsored tokenization.

Today, we're thrilled to introduce MPL-3643: a new standard for permissioned real-world assets and tokenized securities on @solana.

[zacharyyyy @bashtwigs]

@marcustan1337 yo if they got a hk one the dllms gonna go crazy

[zacharyyyy @bashtwigs]

holy fuck I was skeptical until they pulled out the malaysian english accent at the end. bros it is so over.

[ElevenLabs @ElevenLabs]

Introducing Eleven v4 and Eleven v4 Turbo, our fastest and most emotive voice models yet.

Ranked #1 by Artificial Analysis.

[zacharyyyy @bashtwigs]

@eliteplayzXD @paper Dude I think this is it if they can keep it up.

[gabriel shapiro @lex_node]

read the SEC's new crypto assets FAQ

the securities laws are starting to look opt-in now, at least as applied by the SEC to crypto

if you raise money by selling a non-rights-bearing token, are careful about what you represent or promise, and have a functional crypto system, there is now an extremely broad path outside the securities laws--arguably 'functionality' is not even necessary but there's some equivocation on this

the buyback guidance goes further than I expected. once the system is functional, even announcing a token buyback *program* (which I guess even could be a 'perpetual program') does not, in the staff's view, constitute a promise of essential managerial efforts. same for promises to improve the system or grow its network effects

so you can retain enormous influence over the thing, keep developing it, support its price with buybacks (including under a permanent "program"), and get many of the benefits of having a public investment instrument, without giving holders the rights or protections that normally come with one

they have opened a loophole in a regulatory regime whose whole point was supposed to be that you couldn't draft your way around economic reality (see e.g. https://t.co/mrH9hPUUMU)

can't really say if this is good or bad, but VCs etc. got a lot of what they wanted & the market should absorb all the implications of this

among others, I am growing skeptical how much of a 'long tail' there will be for tokenized equity. . .if you can get people to buy a coin in the style of BNB, HYPE, PUMP, etc., with minimal regulation, why voluntarily take on the burdens of selling them equity? if you are not mag-7 level, it doesn't seem there would be much reason to focus on equity securities for your capital-raising. . . if you want to access 'traditional buyers' you can wrap the token in an equity instrument like an ADR for those institutions. . .

the obvious next question is how far this extends beyond crypto businesses. can an ordinary company attach a functional token to its business and apply 100% of its profits to discretionary buybacks, without giving holders any right to those profits or making representations about future business efforts that independently trigger Howey? the FAQ doesn't expressly resolve that, but it opens a pretty enormous door

equity still gives investors something a discretionary buyback token doesn't. . .the question is whether the market will pay enough for those rights to make granting them worthwhile. otherwise the incentive is to keep the equity for insiders and sell everyone else the coin

crypto's current focus on hyping tokenized equity may be misguided, the bigger trend is "get all the benefits of equity with none of the burdens"

of course this is SEC guidance, not a repeal of the statutes or a command to the courts. a private plaintiff or a future SEC could have other ideas

but did not think I'd see it in my lifetime. . .the securities laws are being "disrupted" in substantial part by incentivizing making fewer commitments to investors. and if Warren Dems eventually take control and try to undo all this, after an entire market has organized around it, the resulting chaos will be something to behold

https://t.co/eqaJCVljEL

[zacharyyyy @bashtwigs]

can confidential balances now all be in one txn?

[Anza @anza_xyz]

Transaction V1 (SIMD-0385) is live on mainnet-beta.

Max transaction size grows from 1,232 to 4,096 bytes. ZK proofs, large multisigs, BLS signatures, and confidential transfers that required multiple transactions now fit in one atomic operation.

V1 also moves resource requests (compute unit limit, priority fee, loaded accounts data size, heap size) into the transaction header instead of compute budget instructions.

[zacharyyyy @bashtwigs]

@tacticalplays_ @Muse @MattPRD @alexandr_wang @grok do u know

[zacharyyyy @bashtwigs]

weekend well spent with gf vibe blendering a cute zombie cat the whole day

[OpenAI Developers @OpenAIDevs]

Habitat is OpenAI's online storage platform that powers everything from ChatGPT to Codex.

It has grown over 10x year over year. Before the Rust rewrite, its Python service handled more than 20 million requests per second at peak.

[zacharyyyy @bashtwigs]

a glimpse into oppenheimers mind

[Jacob Coxon @hilbertspaess]

I resigned from Anthropic today. I spent the last three years doing pretraining research at both OpenAI and Anthropic. Neither company is acting responsibly. They are racing straight to self-improving superintelligence and gambling with our lives. More thoughts below.

[howen @howenyap]

asked astra to build nus com3 like in mcbench

[Gui Bibeau e/acc @GuiBibeau]

Another long form video on @X!

I’m testing @grok 4.6 inside of Grok Build and putting it through a real coding challenge: building a 3D @solana city from scratch to see if it’s actually any good.

The crazy part? It did it in about 15 minutes.

More long form + shorts coming soon!

[zacharyyyy @bashtwigs]

@GuiBibeau yo i need astra right now

[zacharyyyy @bashtwigs]

A lot of agent work is duplicated across runs, if only there's a way to leave an absolute paper trail of all research work by fable, and can easily be picked up by other agents.

[zacharyyyy @bashtwigs]

@GuiBibeau oh damn! how was rust conf?

[zacharyyyy @bashtwigs]

@anupamrjp Learn rust with me :D
https://t.co/zHzrm3bpgX

[zacharyyyy @bashtwigs]

@kollector77 glad you liked it!

[zacharyyyy @bashtwigs]

Day 4/90 of Rust, Solana and DeFi

The past few days have been focused on shipping a lot of new and exciting product updates for SDP :) More on that later this week, but i've also added a new update to https://t.co/uSRyRLOFiF 🔧

Pretty random! But because of one of the rektoff quizzes, i've learnt that the compiler will pad out structs to ensure data is properly aligned in memory, and Rust may reorder struct fields to save bytes!

Turns out it is very relevant to how zero-copy deserialization in Solana programs work, and require #[repr(C)], all just to achieve predictable, and stable memory layout.

These few days would probably be focusing less on Rust, but more on Solana and DeFi. I've also been stepping through Kora, the Foundation's official Fee Relayer implementation, which i'd say give a good overview on what concepts i'm missing!

[zacharyyyy @bashtwigs]

https://t.co/t2biDNGoea