My portfolio;
35% BTC (hold over from my mining days in 2015+)
35% ETH (validator stack, and Aave borrowing collateral stack)
20% Hyperliquid and Lighter
10% PAXG
Yesterday was my last day at the Ethereum Foundation.
Today we are launching EthSystems. We build confidential systems for institutional Ethereum.
I've spent close to a decade building privacy infrastructure in crypto: p2p messaging at @ethstatus, developing Waku protocols at Vac (both now part of @logos_network), mobile proving tooling with @zkmopro, teaching zero-knowledge proofs with my zkintro primer, and advising @ethereumfndn on privacy and access layer strategy. Most of that was aimed at individuals.
The past year at EF's Institutional Privacy Task Force (IPTF) we've been looking at privacy for institutions. On the surface this might seem different, but there are a lot of similarities. There's also a very strong market need for it, and the timing is right.
I've written in the past about the tension and overlap between cypherpunks and institutions. Twitter is not exactly the best medium for nuance, but right now we are at a sensitive point in time: the defaults for the next generation of financial infrastructure are being set, with or without us. I believe we need cypherpunks in the room when that happens.
Excited to start @eth_systems together with my co-founder @motypes and @_rymnc as part of the founding team. See quoted announcement thread for more details.
https://t.co/vA4UBuJ1bt
ZK allowing parallelization of arbitrary execution across many machines thats reconciled with verification and where key information can be hidden from executor.
This is nice for crypto scaling, its even better for other scaling (e.g. training AI at scale on private/sensitive data, like medical data)
@pray_eth This regional conflict is bearish yes, as is the disruption to energy / oil. But the American empire decaying (and it being the most trusted financial system) is bullish.
Then your OP makes no sense, economically and physically independent nodes do increase security and provide a better guarantee of being permission-less and open.
Solana nodes have to be subsidized and theres less people who can or want to run one because it doesn't make much money and the underlying asset is much riskier than Bitcoin or Ethereum to hold value in.
@obeyguy Memes have no reason to be tied only to Solana, it offers nothing unique, it just had the most tards ready to be rinsed and willing to donate to scammers like the President.
"Non-KYC casino" is a product that the market has copied and removed the premium on.
@Fiskantes ETH is productive commodity money, and as a brown person living under a racist regime that has roving death squads and no rule of law, its the most useful thing to own.
@Defi_Warhol Like many say about ETH L2s, a multi-sig does not make it without a custodian, in fact its probably easier to compromise a multi-sig than an entire corporation that depends on the BTC being secure.
STX is just a fancier custodian
@nextalphaa@richwgalvin I run many validators and I consider the gas pricing today to be a subsidy that I support with my bandwidth and hardware. There is no external subsidy to validators like Solana, and that is not what I meant to imply.
Announcement @LiquityProtocol fam! 📣
On Thursday, July 16, the Liquity ETH Carry on @ipor_io will move from market-oracle to fundamental-oracle accounting for wstETH and rETH. The new oracle values each token from the staked ETH it represents and the ETH price, rather than its secondary-market quote.