ZK Launchpad

Zk Privacy Preserving Launchpad by Microlea

[ZK Launchpad @microlea_]

"SEC does not have unbound jurisdiction over crypto"

[Stuart Alderoty @s_alderoty]

My absolute gratitude to the teams that have been working tirelessly on this matter for over the years. The Judge’s decision affirms so much of what this industry is fighting for, and shows that the SEC does not have unbounded jurisdiction over crypto.

[ZK Launchpad @microlea_]

@nic_carter Hal Finney got the contract to finish off the NSA project

[ZK Launchpad @microlea_]

Account Abstraction on the Mainnet

[Blacksmith @Blacksmith0x]

Here's what this means for users:

➩ NEVER use your private key
➩ Allow Blacksmith to make transactions on your behalf
➩ Skip the need to manually confirm every transaction
➩ Save on confirmation time and gas costs from batch transactions
➩ Ability to use social/SSO logins

[Blacksmith @Blacksmith0x]

Here's what this means for users:

➩ NEVER use your private key
➩ Allow Blacksmith to make transactions on your behalf
➩ Skip the need to manually confirm every transaction
➩ Save on confirmation time and gas costs from batch transactions
➩ Ability to use social/SSO logins

[Blacksmith @Blacksmith0x]

Blacksmith utilizes account abstraction, a paradigm shift in crypto that eliminates users' need to have accounts with private keys.

This greatly enhances two critical things:

➩ Asset security
➩ User control

[ZK Launchpad @microlea_]

Monkey show

[Banana Gun 🍌🔫 @bananagun]

WAY FORWARD

Shitty situation, but we're going to do everything to make it right. Happy to share an action plan though.

1. We are having our new contract audited, but won't launch until we are sure everything is in order.
2. We are going to take care of our investors.

Let us go in detail:
- We will take a snapshot (18115275) before we took any action, all holders, LP's and presalers will be airdropped their tokens even if they sold afterwards
- We will also restore the LP pool
- For all trades after we analyze the PnL of all traders until 22:30. If they have bought more than they sold, we will reimburse them fully in ETH

More on the way forward tomorrow, but we already wanted to communicate this to put people at ease.

[ZK Launchpad @microlea_]

@WazzCrypto @NimaCapital Earn 5% in bonds instead. End of the zero interest regime

[ZK Launchpad @microlea_]

@hierux @0xjune_ @Blacksmith0x is generalized trading not just sniping. Furthermore readup on accoubt abstraction and why that's big deal for the masses.

[Delta @deltaxbt]

Today I found out SEPA transfers work on weekends and public holidays as well
Literally instant payments for free, 24/7/365
Better than any chain that exists lmao

[ZK Launchpad @microlea_]

@0xchadnik @Vandal213832781 @Josh1551112698 @Blacksmith0x @0xInkling Lot of new whales appeared. To second the opinion of others, drop cursory hints in TG. Release

[Fozzy @fozzydiablo]

As much as it lowers my life expectancy

I love this space, we just gamble on internet coins and yell at each other on Twitter.

There’s nothing better

[ZK Launchpad @microlea_]

@zetachain is the only public, decentralized chain with generic omnichain smart contract support. Earn 5,000 ZETA Points when you join the testnet today: https://t.co/QCIAbfWDmp #ZetaLabs

[ZK Launchpad @microlea_]

It's coming. "These controlling entities would need to vet and collect information on their customers, maintain anti money laundering programs, report suspicious activity to the government, and block sanctioned individuals from using their protocol."

[Wu Blockchain @WuBlockchain]

The U.S. Senate introduced a new bill that would place stringent anti-money laundering requirements on DeFi protocols.

“If nobody controls a DeFi protocol, then—as a backstop—anyone who invests more than $25 million in developing the protocol will be responsible for these obligations”.

These controlling entities would need to vet and collect information on their customers, maintain anti money laundering programs, report suspicious activity to the government, and block sanctioned individuals from using their protocol. CoinDesk
https://t.co/yh3fsr2NFK

[Brad Garlinghouse @bgarlinghouse]

The most important part of this ruling:

“XRP, as a digital token, is not in and of itself a “contract, transaction[,] or scheme” that embodies the Howey requirements of an investment contract.”

This is a now a matter of law (not up for trial.)

[Watcher.Guru @WatcherGuru]

BREAKING: 🇺🇸 US judge rules Ripple $XRP is not a security.

[ZK Launchpad @microlea_]

Working on @urbit @urbitfoundation AML KYC login for Urbit. Who wants a free planet once we verify you for AMLKYC? #antisibyll #AML #KYC

[Mike Belshe @mikebelshe]

Everyone I met in Montana loves Bitcoin.

[ZK Launchpad @microlea_]

Some people are bitcoin maxis for a reason.

[Documenting ₿itcoin 📄 @DocumentingBTC]

Boeing 747 filled with bitcoin mining machines.

This package delivery sounds like a sc-fi movie plot, but it was really made to @RiotPlatforms in Texas. The company has now plugged in 94,176 machines that are computing 10.5 quintillion hashes per second.

[ZK Launchpad @microlea_]

@DrNickA Its like using credit cards for coffee at crypto conferences

[Nick Almond @DrNickA]

Ok, so since the last cycle we’ve had a number of major level ups and it’s worth going into them.

DeFi

The first shoots were there in the last cycle and the likes of yearn, compound, aave, MakerDAO, Uniswap emerged from the bear as totally credible innovations in the industry. So much so in fact, that nation states are scrambling to understand wants going on. They can feel the disruption coming.

AMMs are a revelation. Launching tokens in the last cycle and creating a market was next to impossible. The vast majority of my dead ICO bags never made it to market at all. You needed a million dollars to bribe CZ to get onto Binance. Or you dredged the LA token shitcoin dungeons. Either way a CEX was the only path. But now any token can have a market without permission. AMM innovation is exciting but we’re building financial rails for what?

The lending platforms realise a large chunk of the peer to peer lending vision that’s been around since long before crypto. The impact here is that we have proven we can effectively carry out a function that has previously been reserved for the financial services set, in a decentralised fashion. This is big, of course.

And yet much of DeFi devolved into lazy forks and hyper inflationary ponzi nonsense. I loved DeFi summmer as much as anyone, but we largely didn’t grow that far beyond it. Worse, almost all of the major DeFi projects got savagely rekt, often due to pure clown levels of security practice. Again, DeFi despite its disruptive potential has on the whole been mostly a disappointment.

dApps

This was the major driver of the 2017 cycle, big practical ideas with decentralisation at the core. They were mostly just whitepapers and dreams (or flat out scams) but at least they had designs on creating social layer products.

Largely because of that failure to realise any potential, building dApps was seen as a fools errand in the last cycle so all the money went to protocols. We have like one dApp that’s heavily used and it’s ENS. Very disappointing.

Protocols

Ethereum is a wonderous technological achievement and I think it’s one of the most important technological systems on the planet. It actually realised a proof of stake transition perfectly, but it hasn’t actually scaled yet.

The L2 scaling thesis makes sense and we’ve had tons of them. Zk scaling is actually becoming a reality, but has some troubling centralisation issues and the cutting edge cryptography here is going to happen slower than most realise.

We had tonnes of new L1s many of which were basically bad trade off EVM forks, but did create some new cheap state space to play with. So we endlessly repeated to same run out of the same ecosystem diagram, with the same rebranded forks of the stuff that worked on the last L1 run, but again with fresh tokens.

Hardly any of that speculation wave, which washed from chain to chain, converted to any actual dwelling users and most of them are now already in ghost chain land. The ones that aren’t are being speculatively farmed for airdrops.

The reality is that we have about 10k users remaining spread between enough blockspace for a billion. No one is actually coordinating on these things as yet. And yet, there’s 70 more of them coming this year.

NFTs

Started with art and ended with the most egregious cash grab frenzy seen in the history of capitalism.

Don’t get me wrong the ability to digitally describe anything is (will be) profoundly disruptive. But there’s been enough reputation damage here that’s it’s going to be a while before people take them seriously again.

DAOs

Deserves its own thread, but personally I consider this the most important area of development in the space and the source of that coordination that’s painfully needed, but… everyone has give up on them apart from the die hards.

What have I missed?