France is really fucked up. I have to explain to my relatives living there that at this stage, they will get kidnapped someday. And there is nothing I can do about it.
If they defend themselves, they will be the ones to go to jail. Kidnappers basically don't get punished.
We get many questions about DAC8/CARF, so here is the full situation.
We are a Swiss company regulated in Switzerland, so DAC8 doesn't apply to us. DAC8 is an EU directive and only binds financial institutions located in the EU.
However, Switzerland plans to implement the Crypto-Asset Reporting Framework (CARF), of which DAC8 is the EU version.
Based on the latest official communication, the CARF will not enter into force in Switzerland before 2027.
Any future CARF implementation in Switzerland is not expected to be retroactive. Past operations made before its activation should not be reportable.
Until such rules are effectively adopted,we do not report your transactions to any foreign or domestic authority, except where required by existing Swiss AML regulations.
If you have more questions about this, don't hesitate to ask in comment below 👇
>be @Ledger
>revamp entire wallet product line around having (laggy af) touchscreens to display transaction information
>only have these screens display esoteric information useless to 99% of humanity
>make them unskippable and multi-page in most cases, and even when skippable have the skip button create an additional page asking aRe U SuRe?
>gatekeep ability to make the displayed information actually useful (aka 'clearsigning') via IP in order "monetize" so that still the screens serve an anti-purpose in 99% of cases
>profit????
Here's another French journalist participating in fearmongering about GrapheneOS. That article is not measured. It provided a platform to make both unsubstantiated and provably false claims about GrapheneOS while providing no opportunity to see and respond to those claims.
https://t.co/gGEiBwAbZt
The claims the article platforms are conflating closed source products from European companies infringing on our copyright and trademarks with GrapheneOS. GrapheneOS doesn't have the features they claim it does, isn't distributed in the ways they claim and they don't understand open source software.
GrapheneOS is obtained from https://t.co/21l8TYXrws and https://t.co/6FssqXFT1L. There are a bunch of legitimate companies in Europe selling devices with real GrapheneOS including NitroKey. We aren't partnered with those companies and don't get funding from it but there's nothing shady about it.
Products using operating systems partially based on our code are not GrapheneOS. There's no such thing as a fake Snapchat app wiping the device in GrapheneOS. It has no remote management or remote wiping built into it. It does not have a subscription fee / licensing system built into it either.
Vast majority of the code for those products comes from elsewhere: Android Open Source Project, Linux kernel, Chromium, LLVM and other projects. Of course the non-profit open source project writing a small portion of the code being used by those companies being targeted rather than IBM, Google, etc.
Both Android and iOS try to defend users from the same attack vectors we do. We developed far better protections against exploits which we release as open source code. Open source means anyone can freely use it for any purpose, exactly like the Android Open Source Project used by GrapheneOS itself.
Open source is why we can build GrapheneOS based on the Android Open Source Project. It doesn't make Linus Torvalds, IBM, Google, etc. responsible for what we do. Similarly, others can make their own software based on GrapheneOS. A fork of GrapheneOS contains a small portion of code written by us.
France supposedly has a right to reply which we intend to exercise to respond at length to these articles containing libel from the French state.
We're going to be ending the small amount of operations we have in France as we don't feel the country is safe for open source privacy projects anymore.
GrapheneOS doesn't host services storing sensitive user data. We have signature verification and downgrade protection for updates to the OS, apps and app store metadata. We're going move our website and discussion server away from OVH. Our update mirrors and authoritative DNS are already elsewhere.
Our discussion forum, Matrix, Mastodon, etc. in OVH Bearharnois can be moved to local or colocated servers in Toronto instead. We can use Netcup (owned by Anexia, both German) as one of the main providers for website/network service instances. The majority of our servers are already not on OVH.
We won't travel to France including avoiding conferences and will avoid having people working in the country too. A simple heuristic for the EU is avoiding countries supporting Chat Control. We genuinely believe we cannot safely operate in France anymore as an open source project privacy project.
Our pinned post on this platform shows a great example of why they're actually upset with us:
https://t.co/aJFYRQqtZG
It almost makes us willing to contribute to AOSP again to try to wipe out their ability to exploit a subset of unon-GrapheneOS Android devices too. Google is welcome to reach out.
Binance is insolvent, Wintermute is insolvent, MEXC is insolvent, Ourbit is insolvent, Coinbase is insolvent, James Wynn is insolvent, Machibigbro is insolvent, Jesse is insolvent. Everyone you know is insolvent
The only actors left in crypto who aren’t insolvent are Justin Sun, the Trump family and Zooko
When ppl claim this I always wonder how they think it happens, or have unrealistic expectations on how much $1bn actually is.
I joined crypto with $200. If I held my initial bitcoin since then and never traded, I would have ~$300k.
If, instead, from that moment I sold the top and bought the bottom of every crypto cycle on Bitcoin, and never paid any taxes, I would have ~$6m USD.
If I put my entire net worth into the Ethereum ICO and never touched it, today I would have ~$150m pre-tax.
While it was definitely possible to have made >$1bn with the opportunities in the market, these versions of reality would also require me to make no mistakes, and have no need to spend $ in real life, or take excessive risk via leverage.
In reality, I grew up in a working class family. I didn’t have a trust fund and I had to pay off my student loan myself. I had a job at Tescos while at high school. After university, I needed to pay rent and fund cost of living and eventually buy a place to live.
I worked at startups for relatively little $ salary, and while a couple have done okay, they still are illiquid and worth nothing until some exit.
Perhaps if I erase a couple of dumb mistakes and drawdowns, or if I had a lil more grind, then my answer would be different today. But it is easy to say this with perfect hindsight vision. It’s easy to see where you could have optimised better, and decisions you made look dumb when the past makes things so obvious.
The truth is I have always optimised for enjoying my life and not going to 0. I never felt like I had a safety net, so it was never possible for me to do anything in any other way. I would probably have less money if I had tried to add more risk or chased $ harder, because being all-in with your entire livelihood is a mental battle and I feel I only win that battle when the stakes are lower.
In writing this, maybe I do understand why CT folks believe this, because modern CT sees crypto as a late-stage lottery ticket farm, where the optimal strategy is to 5x leverage up your portfolio in a hope of catching a good 20% move and then leaving. Or, literally going all-in on the next coin they heard Ansem is buying. So perhaps to them, looking back at the charts, of course that’s what successful folks did.
In reality, I use leverage close to never (and typically to reduce risk rather than add risk — have used it to add risk maybe 3 times in the last 5 years, and maybe 15 times ever). I never go all-in on anything, have only ever done that on BTC and ETH before in the last decade. When I buy other things, I limit risk to tiny amounts, because I treat it as a 0 until proven otherwise (so, always <1% liquid portfolio). Liquid portfolio is also a smaller % of overall portfolio to future-proof against my own fuckups.
Obviously I made a lot of money, I have been here 12 years! CT doesn’t want to hear about “getting rich in a decade” though. I am happy with where I am and have never really cared or optimised for maximising $ earnings, but instead having a nice life that lets me enjoy the game we play together.
Great news @levelsio! Revolut finally offers Portuguese IBAN and MB Way.
No more relying on sketchy apps from ActivoBank and other local banks.
Revolut won a long battle with lobbyists, and many NHR residents like myself can at last utilize the best nomad-friendly bank app.
All the transaction I sign start with this screen, this is awful UX, this prevent or help nothing.
Interacting with the largest dapp in the world (Aave) should have clear signing by default, contrats are verified and protocol is well known.
Still having this in 2025 is a shame.
What China has accomplished over my lifetime is truly stunning — by Western material measures they have achieved a level of success that was unthinkable even twenty years ago.
They aren’t stopping — and maybe that massive “build on borrowed money and out of touch central planning” crash Wall Street has predicted now for 35 years will come — but it sure doesn’t seem like it, and even if it does, they’ve already lifted a billion people out of poverty and have provided them a pretty decent life. A better version of the “living in a pod eating bug slurry” meme — more of a “living in a 30-story apartment complex eating KFC & bubble tea” life, which most seem pretty content with.
The anti-central planners (from free market libs to James C Scott fans) should probably take more time to reconsider their views given Chinese recent history.
And I’m not some naive “oh look at the nice neon buildings” easily fooled guy. This is my fourth Chinese city over two years (I was also here briefly in 70s) and I continue to be more impressed with each visit.
It might not be my vision for human flourishing (too materialistic, too authoritarian), but they know what they want and have mostly pulled it off.
what's crazy is crypto spent 10 years building an entirely new financial system that's 10x better than the old one
but we couldn't roll it out because they made it illegal so we had to build in the grey and get political (meanwhile they blamed us for having no use cases while making all our use cases illegal)
but then in 2025 crypto become legal so now we have 10 years of awesome stuff we can roll out
so we're starting to roll it out
banks and wall street have no idea what's about to hit them because they've been shielded from competition in a cute little regulatory box
but now we can deploy the defi we spent 10 years building and actually do things
in a fair fight crypto wins
Shipping starts today!
Ledger Recovery Key is now included with every new purchase of a Ledger Stax or Ledger Flex!
Need more than one Recovery key, you can order additional keys 👉 https://t.co/v9al7DKxlX
Stray thoughts after spending a week in China (Beijing, Nanjing, and Shanghai):
-Every American should visit if they have the opportunity. You’ll be told so much about China in the coming years and while visiting once does not make you an expert you’ll at least be able to sort out some of the more blatant lies.
-As someone who has visited many US and European cities the first thing that will strike you here is the cleanliness. Almost no litter. Very little dog poop in the streets, few cigarette butts even though there are a lot more smokers. I only found one piece of graffiti which was appropriately enough a spray painted penis on an out of the way wall. You will see uniformed workers in the street with brooms and dustpans keeping things tidy. What a novel concept!
-Street crime is almost nonexistent. I never once felt unsafe. Nobody ever accosted me for money. In the entire time I saw one person in Shanghai quietly begging and one person in Beijing who might have been homeless but I’m not even sure of that. I saw more down and outs in one hour in Boston than in one week in China. There is no open air drug use. I witnessed no obnoxious public drunkenness except for one case where a guy was urinating on a fence but maybe he just really had to go. Again a very sharp contrast with the US where there is a reserve army of addicts everywhere and even with many European cities where the train stations tend to have plenty of shady characters who will approach you.
-Infrastructure is of the highest quality. Every big city has a subway station that follows a similar model and is easy to navigate. There are 4-5 police at every entrance. You’ll have your bag put through a scanner and be wanded down. The stations are all quite new and nearly spotless. There are no schizophrenics or addicts screaming or jacking off or pissing on you or demanding money. I spent plenty of time on the roads and didn’t see any potholes or cracks in the sidewalk.
-Related to the above I was able to move between every city on high speed rail. A train from New York City to Toronto takes 12 hours. Beijing to Nanjing is a longer distance and only 4.5 hours. To the people who say “durrr just fly”, flying is a grotesquely unpleasant experience. It would be more practical and better for the environment if we could take the train to middle distance cities.
-There are a few things here that feel mildly sci fi. A soccer game began with a robot penalty kick off. When you take a train you can order delivery ahead to the next stop. The train will only be in the station for a minute but your KFC will be brought to your seat. A hotel I stayed in had a food delivery robot which would bring your orders from the lobby to the elevator to your room. Maybe I would think this was dystopian if I saw it in the US but their technology is certainly as advanced or more advanced than anything we have.
-I was told there was a cult of personality around Xi Jinping but I didn’t see it. No big banners with his face, in fact I only ever saw his image tucked away in museums or on trinkets sold by street vendors. China seems to be a largely apolitical country living under a one party state so that’s something it has in common with the US.
-There is and will be a lot of denial about China doing anything better than America mixed with made up reasons why we can’t do some things the way they do. Nonsense. China is not a utopia and it’s not Mars. It has better infrastructure, cleaner more pleasant cities, and better public safety than the US. Of course we can do all that here. It is embarrassing to see people on the left defend open air drug use or women being harassed on the train as part of living in a city. It doesn’t have to be!
-The Great Wall and the Summer Palace are more extraordinary than I could have imagined. Shanghai is one of the most beautiful cities I’ve ever seen.
I hope to go back soon!