I've left most of what I want to say in the VoidZero blog post. But worth repeating:
Thank you @voidzerodev team for trusting me and joining me on this wild ride. I am very proud to have assembled such a talented team and even prouder of what we have built together.
Thank you all our investors for believing in my vision, in particular @caseyaylward from @Accel who led both our Seed and Series A.
Thank you the @vite_js community. Vite and VoidZero wouldn’t have come this far without your trust and support. We will continue building with all of you, together, in the open.
And thank you to everyone that made this happen at @Cloudflare. Looking forward to working with you all!
https://t.co/0ly53VCOSr
I've left most of what I want to say in the VoidZero blog post. But worth repeating:
Thank you @voidzerodev team for trusting me and joining me on this wild ride. I am very proud to have assembled such a talented team and even prouder of what we have built together.
Thank you all our investors for believing in my vision, in particular @caseyaylward from @Accel who led both our Seed and Series A.
Thank you the @vite_js community. Vite and VoidZero wouldn’t have come this far without your trust and support. We will continue building with all of you, together, in the open.
And thank you to everyone that made this happen at @Cloudflare. Looking forward to working with you all!
https://t.co/0ly53VCOSr
While US politicians/lobbyists are scaremongering about “Chinese distillation,” Chinese scientists are actually sharing real AI breakthroughs in the open.
These kind of advances have nothing to do with data and benefit everyone, including small (and possibly big) US labs.
Why can a startup with 50 engineers make up ground against an incumbent with 5,000? You'd think big platforms have the data, distribution, money...why can't they build technology faster than startups can earn distribution?
Bret calls it a "strategy tax" and gives a crisp articulation of exactly why startups have the opportunity to win.
Today marks a huge victory for privacy, open source technology, and immutable, permissionless smart contracts. The U.S. Treasury Department has lifted the sanctions on https://t.co/uPuZ7wR86l and the TORN token: https://t.co/aakbYenuab
A heartfelt thank you to everyone who supported and tirelessly fought for this cause. The list is extensive, and this achievement belongs to all of us.
Although Treasury's decision sets crucial precedent, the SDNY prosecutors still haven't dropped their case against me. So while we have won a big battle, the war is far from over. I look forward to the community’s continued support as I head to trial and my legal team seeks a dismissal from the judge or acquittal by the jury.
The Bybit hack shows us once again that raw tx data in wallets is useless. There’s no reason hardware wallets shouldn’t decode and display transaction details in a human-readable way.
It's honestly unbelievable that our industry has grown so much, yet we’ve seen little progress on the hardware wallet side.
You’d think that crypto—the only space where signing the wrong thing with just one click can cost you billions, with no way to recover—would invest in providing clear, human-readable details on what you’re signing. Instead, we get a pile of unreadable hex.
And please don't get psyopsed by HW providers saying it can’t be done or that it's too complicated.
@sorellalabs, we already wrote code that decodes and classifies transactions at the trace level—showing net token balance changes and displaying the entire transaction tree in a humanly readable format. This was done by a team of three.
This code could and should be used on hardware wallets so people can actually see what they’re signing.
@ledger@trezor, what are you waiting for? Just fork it.
YC is funding undergraduate computer science and engineering students for summer grants this year:
$20,000 in cash and $90,000 in compute credits and automatic invite to AI Startup School
Apply now
https://t.co/SommDGh8DC
1/ This screenshot is floating around and I know the back story.
How did a Groupon PM go on to build a supersonic airplane company?
Here is the little-known and tremendously inspiring story of how @bscholl started @boomsupersonic (and my very small part in it)
👇
How Libra Was Killed.
I never shared this publicly before, but since @pmarca opened the floodgates on @joerogan’s pod, it feels appropriate to shed more light on this.
As a reminder, Libra (then Diem) was an advanced, high-performance, payments-centric blockchain paired with a stablecoin that we built with my team at @Meta. It would’ve solved global payments at scale. Prior to announcing the project, we spent months briefing key regulators in DC and abroad. We then announced the project in June 2019 alongside 28 companies. Two weeks later, I was called to testify in front of both the Senate Banking Committee and the House Financial Services Committee, which was the starting point of two years of nonstop work and changes to appease lawmakers and regulators.
By spring of 2021 (yes they slow played us at every step), we had addressed every last possible regulatory concern across financial crime, money laundering, consumer protection, reserve management, buffers, and so much more, and we were ready to launch.
We had worked on a slow rollout of a limited pilot that some members of the Fed’s Board of Governors were supportive of. At last, Chair Jay Powell was ready to let us move forward in a limited way. The story, as I heard it, is that Jay Powell was told by Treasury Secretary Janet Yellen at one of their biweekly meetings that allowing this project to move forward was “political suicide,” and she would not have his back if he let it happen. I wasn’t in the room when this conversation happened, so take these words with a grain of salt, but effectively this was the moment Libra was killed.
Shortly thereafter, the Fed organized calls with all the participating banks, and the Fed’s general counsel read a prepared statement to each of them, saying: “We can’t stop you from moving forward and launching, but we are not comfortable with you doing so.” And just like that, it was over.
One essential point is worth making here. There was no legal or regulatory angle left for the government or regulators to kill the project. It was 100% a political kill—one that was executed through intimidation of captive banking institutions. That was the hardest part of this story for me personally. Not that we had failed, but that America, this country I immigrated to and became a proud citizen of because of its rule of law and value system, behaved in such a way for political reasons. It was a very tough pill to swallow.
The bright side of the story, though, was the many learnings from this wild ride. By the end of the project, we had made so many concessions to get a thumbs-up that the whole design of the network became a Frankenstein of our initial ambitions.
We also learned the biggest lesson of all, which is that if you’re trying to build an open money grid for the world—eventually moving trillions of dollars a day, designed to be here 100 years from now—you have to build it on the most neutral, decentralized, unassailable network and asset, which, hands down, is Bitcoin.
And now this is what many of us who went through this scarring journey are building together at @Lightspark. And this time, we won’t stop until we get it done!
🚨MARC ANDREESSEN: "The Biden admin came for Crypto companies. We have had 30 founders in the last 4 years debanked. This is why we supported Trump. We cannot live in a world where someone starts a completely legal business and they get sanctioned.”
I have to contain myself to stop talking about Google every day but there's just so much broken to talk about
Right now EVERY website fails Google's Core Web Vitals
Even Google itself 😂
Failing Core Web Vitals means you'll get deranked by Google supposedly
There's so much more at stake in the Tornado Cash case than meets the eye.
It's the most important case since the 1990's, putting the freedom of the Internet at stake 👇
1. Rolling Back Bernstein/Zimmerman:
The Bernstein/Zimmerman cases set precedent for code to be considered speech. These precedents are at stake in Roman Storm's trial, meaning that anyone can be held accountable for the code they write. This is not just a movement toward criminalizing software development, but toward criminalizing free speech itself.
These movements are not unique to the cryptocurrency space. Around the world, we are seeing a coordinated effort to criminalize speech, from the US' RESTRICT Act to the Online Safety Bill in the UK to Germany's new antisemitism directive.
2. Control Over Funds
Current regulatory frameworks define money service businesses as transferring funds on behalf of the public, by any and all means. But TC/SW never transferred funds on behalf of anyone – rather, they allowed users to transact funds themselves in a way the software designed.
If Storm is found guilty of having operated an unlicensed MSB, anyone developing cryptocurrency software can be held liable under anti-money laundering laws, from miners to wallet developers to nodes.
This too is orchestrated as a global, coordinated push – from publicly traded miners speaking out in favor of OFAC regulations to lawmakers arguing for BSA applications to latest FATF's recommendations.
3. Ross Ulbricht's Conspiracy Dilemma
Ross Ulbricht was found guilty of conspiracy to launder funds despite not having specific knowledge of funds that were laundered. This same argumentation is applied in Storm's case, manifesting the idea that you can engage in a conspiracy without *checks notes* actually conspiring with anyone.
If Storm is found guilty of having engaged in a conspiracy to launder funds despite not actually having conspired to launder funds with anyone, there's nothing stopping the developers of Signal, VPNs, or comparable privacy technologies from being indicted too.
Again, we are seeing a global push toward this – think of Pavel Durov's indictment in France for running Telegram, where he stands accused of conspiring to traffic narcotics because narcotics traffickers used his application.
This push is manifested in bills like the Kids Online Safety Act (KOSA), the EARN IT Act, and plans to strike Section 230 in the US, as well as Chat Control in the EU – all of which hold developers accountable for the content hosted and transmitted on their platforms.
4. Privacy As Criminal Intent
TC is framed as software for criminals, just like the Internet used to be framed as a technology for drug lords, terrorists, and c*porn. Nothing could be further from the truth, but financial privacy is frowned upon even by the majority of the population, as most people don't realize that your financial history provides a virtual current biography.
But here's what's more: in Storm's indictment, the government cites the developers advising users to use a VPN or Tor, and to delete any data relating to their transactions from web servers – putting anyone advocating for privacy at risk for criminal prosecution.
Storm's fight is not a fight for privacy or self-custody – it's a fight for free expression and the freedom of the internet, that affects us all.
Imagine a faster and modern experience for the world's most widely used JavaScript ecosystem. Excited to support @voidzerodev's bold vision for the future of JS tooling! 🚀
Announcing @voidzerodev: a company building the next-generation unified toolchain for JavaScript.
We are the creators and core-contributors of Vite, Vitest, Rolldown and Oxc - and we will unite these projects under a coherent vision to power the next generation of web applications.
We have raised $4.6M in seed funding led by @Accel - read more in the blog post: https://t.co/1x8wmKzawg