I've been heads down building @FoglightPrivacy to bring privacy to Ethereum users, but I've never shared what Foglight is and why it will be the one to finally achieve the impossible.
This is your first sneak peek.
Fear is the main reason 99+% of Ethereum users have zero privacy today.
- Users fear being banned from exchanges or even having bank accounts forcibly closed, simply because they used a privacy tool.
- Wallets and apps fear getting prison time on money laundering charges.
This fear is the key thing to overcome, and no privacy solution addresses this sufficiently as evidenced by the near-zero privacy adoption today:
- Railgun has <200 daily users
- Privacy Pools has <50 daily users
Foglight will be the only solution that can resolve this fear.
How? By offering a privacy system that satisfies two seemingly conflicting requirements:
- Government authorities must be able to trace money laundering transactions and get exact details
- Law-abiding users must know their privacy remains intact with certainty
Foglight is the first practical privacy solution.
Follow @FoglightPrivacy to stay in the loop
On May 7th, the MegaETH Foundation completed its first MEGA buyback, using all net rewards accrued from the USDm issuer up until the end of April.
Current USDm supply sits at $480M.
We intend future buybacks to be programmatic and onchain.
Introducing Tama, a dev toolchain for secure-by-construction EVM smart contracts
Tama enables you to build provably secure apps in 3 steps:
1. Code: write the contract itself
2. Spec: define what correct behavior looks like
3. Prove: prove the code matches the specs
aave: yo arbitrum, send back the $71m you get from the hacker, we need it
arbitrum: chill, we’re voting on it, you’ll have it in a few days. defi united, remember?
aave: bet. love that for us
(suddenly, american lawyers show up)
plaintiffs: stop right there. that $71m is ours now
aave: excuse me??
plaintiffs: we have old judgments against north korea. the hacker was lazarus group. lazarus is north korea. therefore the funds belong to north korea. therefore we seize them
aave: wait. do you have proof it was north korea?
plaintiffs: yeah, tweets
aave: …tweets
plaintiffs: and a news article
aave: but even if it was them, holding stolen funds for 5 minutes doesn’t make you the owner??
plaintiffs: yes it does
aave: so if i smash a tiffany’s window, grab a diamond, and a bystander grabs it back from me, your creditor friends can seize the diamond?
plaintiffs: correct
arbitrum: uhh… what are we supposed to do here
plaintiffs: don’t move. everything’s frozen
aave: but the funds belong to my innocent users??
plaintiffs: not our problem
aave: if i lose this, nobody will ever stop a hacker again. why would they? the reward becomes a legal war with the thief’s creditors
plaintiffs: not our problem
aave: and sanctioned states will have an incentive to hack more, since stolen funds can pay off their old debts
plaintiffs: still not our problem
aave: (turns to the judge) your honor, either vacate this now, or make them post a $300m bond. we have days before the entire defi ecosystem cascades
judge: (tbd)
1/ Today I’m releasing an open-source book in collaboration with @FrankResearcher that I wish existed when I started in crypto. It’s split into 15 chapters covering everything that matters - from BTC to DeFi, MEV, Hyperliquid, quantum resistance, etc.
https://t.co/oDYsukFxvF
As the Snapshot for the $51M "Aave Will Win" ask drops tomorrow, take a look at our Audit of Aave Labs' performance and their ~$86M in funding they've received to date.
This deserves the community's full attention before any major decisions.
Read the full post here:
https://t.co/I4FQs0rnqt
Ever had to use a new wallet or defi protocol, googled it, and worried about picking the wrong one from a scam ad?
I built https://t.co/nuiOTTI5dn to solve this
It searches over >5k whitelisted domains manually curated by DefiLlama, it's <6kb and loads instantly
Bookmark it
Deployment detected for @infinex
The crypto superapp is bringing its unified portfolios to MegaETH.
Get the Infinex extension for one-click access to ecosystem apps.
Day 1.
Sounds incredible until you read the fine print. The compiler generates less efficient code than GCC with all optimizations disabled. It doesn’t have its own assembler or linker. It can’t produce a 16-bit x86 code generator. And Carlini himself says it has “nearly reached the limits of Opus’s abilities.” New features and bugfixes kept breaking existing functionality.
So what did $20,000 and two weeks actually buy? A compiler that passes 99% of GCC’s torture tests but can’t match the output quality of a tool that’s had 37 years of human engineering. That’s the constraint nobody’s pricing in.
The real story is in the cost curve, not the capability demo. $20,000 for 100,000 lines means $0.20 per line of generated code. A senior compiler engineer costs roughly $150/hour. At maybe 50 polished lines per hour for something this complex, that’s $3/line. AI just did it at 15x cheaper, and it will only get cheaper from here.
But the code isn’t equivalent. The AI version needs a human to finish the assembler, fix the linker, optimize the output, and prevent regressions. Those are the hardest 20% of the problem, and they represent 80% of the engineering value. Anthropic built the demo. Shipping the product still requires humans.
This tells you exactly where we are in the autonomous software timeline. AI can now produce impressive first drafts of complex systems at trivial cost. Turning those drafts into production software still requires the judgment that costs $300K+ per year in compiler engineer salary. The gap between “compiles the Linux kernel” and “replaces GCC” is measured in decades of accumulated engineering wisdom that no model has internalized yet.
The companies that understand this will use agent teams to generate the 80% and hire engineers to finish the 20%. The companies that don’t will ship $20,000 compilers that produce slower code than a free tool from 1987.
INITIATING: MegaETH Global Stress Test.
Experience real-time apps with ultra-low fees while we blast the chain with 18-35k real TPS.
For community investors
→ We sent some ETH to get you started
Others
→ Use our uncapped native bridge
LIVE NOW. (link below)
The MegaETH Global Stress Test
11B transactions in 7 days.
On Jan 22nd, we’re opening mainnet to users for several latency-sensitive apps while the chain is under intense sustained load.
Ultra-low fees. Real-time transactions.
Public Mainnet in the days that follow.
Have I got a story for you, my friends...
So as I've mentioned I've been vibe coding a passkey based zcash wallet for the last week. So far so good. Well after a bunch of testing (ok five transactions across three wallets) I declared victory and decided it was time to use it.