crash 🤪

privacy

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@0xfoobar @odysseas_eth by that logic I would call it not even a bridge at all, since both the actual bridge it operates on itself (Stargate) and all the other ‘brought-their-own’ sets have worse trust assumptions than basically every other surviving bridge operator by a huge margin

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@d3h3d_ @mert @gainzy222 @silhouette_ex otherwise you’re just doing a larp purity test on increasing net privacy of production systems

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@d3h3d_ @mert @gainzy222 @silhouette_ex can you solve the problem without a TEE today?

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@mert @stardotfun @zk_agi I love privacy but ngl this looks sus

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@goodalexander someone is jellyjelly

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@noD7R @bergealex4 @NickSzabo4 you’re right, we should all do whatever the government says all the time and give in preemptively to anything they won’t like (like providing privacy or censorship resistance)

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@Route2FI that’s literally not a privacy coin

you can’t get any privacy with their proving network

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@Pememoni those are… insane things to equate

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@omw_to_the_moon @saintniko @0x_ultra yeah, reg capture energy

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@omw_to_the_moon @saintniko @0x_ultra explicitly paid KOLs to do twitter character assassination of the Polymarket founder

also they have an entirely trust-me-bro architecture from KYC all the way to market settlement (but I guess that’s just them not being crypto rather than an explicitly Bad thing)

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@tigran_iii @winternet @luci_holland day 1 crashout is crazy

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@shivan_kaul do I still need to trust Brave?

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@joaomendoncaaaa @toly @apolynya @solana but honestly it feels like actual disagreement between @apolynya and @toly is whether the important confirmation for a user comes from getting a proof back or from getting included in consensus

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@joaomendoncaaaa @toly @apolynya @solana to have a maximally secure base state root to prove from and also to fallback to as CR

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@toly @apolynya @solana but not necessarily slower than consensus (you can get a bigger, beefier prover machine but you can’t get a faster speed of light)

[Peter Van Valkenburgh @valkenburgh]

Commissioner Peirce just gave a must-read speech offering one of the clearest defenses of financial privacy in the context of crypto and new technologies yet articulated. As she says:

We should take concrete steps to protect people’s ability not only to communicate privately, but to transfer value privately, as they could have done with physical coins in the days in which the Fourth Amendment was crafted.

Most fears of financial privacy and the technology that enables it flow from a genuine desire to protect this nation from enemies and criminals. Safeguarding our families, communities, and country from harm is extremely important, but curtailing financial privacy and impeding disintermediating technologies are the wrong approach. Denying people financial privacy—whether through sweeping surveillance programs or restrictions on privacy-protecting technologies—undermines the fabric and freedoms of our families, communities, and nation. The American people and their government should guard zealously people’s right to live private lives and to use technologies that enable them to do so.

In the written speech there are pointers to deep analysis of the overbreadth of US financial surveillance laws, including a citation to a paper Coin Center published last year on dangerous ambiguities in the Bank Secrecy Act and how they could be abused to “mandate that every American who pays or is paid [] register with the Treasury Department and regularly report the details of her monetary transactions as if she were a bank or other financial institution.” Commissioner Peirce also cites two other federal laws, 6050I and Patriot Act Section 311, that are—in Coin Center’s opinion— already being abused to harm the legitimate privacy expectations of law-abiding Americans.

Read the whole thing! Link in the next post.

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@yannisDeFi @ErikVoorhees @sama I’d recommend using a local LLM since Venice’s ‘privacy’ comes entirely from a flimsy piece of paper written by lawyers

[Jon Charbonneau 🇺🇸 @jon_charb]

Privacy is the #1 area where crypto is way behind where it clearly needs to be

That’s where the next 10x improvements and 0 to 1 moments will be

Not scalability

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@marks_ftw @TryMapleAI oh nice, is there a way to read the attestation? I couldn’t find any in the app and https://t.co/zu3dPRHfDw just shows Amazon Nitro attestations which are CPU