In every human question, there is something more powerful than strength, than courage, than genius itself: it is the idea whose time has come. - Émile Souvestre
cosmos:native
Cosmos handed IBC to the Linux Foundation yesterday.
IBC now lives under LF Decentralized Trust, the same home as Hyperledger. Cosmos Labs stays on as a maintainer together with OpenZeppelin and Datachain. Wells Fargo, Figure and Google Cloud are backing it.
Honestly, I'm not a big fan of this. I don't see it as an instant win, even if everyone is framing it that way.
For years the whole discussion was about making ATOM the center of gravity for the interchain, with IBC as the core value prop. Interoperability as a service. The routing layer for the internet of blockchains.
That vision is now buried. IBC becomes a neutral industry standard that doesn't need the Cosmos name anymore.
Cosmos had a massive head start on interoperability. What it never managed was the coordination on the social layer. It has always been bottom-up, every chain for itself, nobody steering the whole thing.
Maybe IBC is better off under neutral governance. For the Cosmos stack and for ATOM I just don't see what this adds right now.
Still hold a small bag of ATOM, so I'd love to be wrong here.
"In every human question, there is something more powerful than strength, than courage, than genius itself: it is the idea whose time has come."
- Émile Souvestre, 1848
@DOWResponse@SecWar So basically, the US is not the world's singular
superpower anymore, and needs to fix itself.
I can get behind that. Long time coming.
@PolitlcsUK So the UK blackout plan is basically 100 BBC people on diesel generators for 3 days telling everyone not to flush and eat the fridge first. Bold.
1/ Staking is how proof-of-stake networks like @Solana stay secure. But U.S. tax policy treats staking rewards as income before they’re ever sold – creating unfair, phantom tax bills for Americans.
https://t.co/FuL8gApxzn