Hemulin

Talk the talk, tries to walk the walk.
Views my own. Tweets may self-destruct every once in a while.

[xStocks @xStocksFi]

Three days to build the future of finance at the first xStocks Hackathon.

One down, two to go.

[binji @binji_x]

the eth core devs don’t tweet a lot about just how hard the work that they do is so let’s talk about it:

1. every line of code they merge can move more money than most banks process in a quarter. there is no staging server for that.

2. they swap consensus logic for a 400B + dollar economy without scheduling downtime. ever.

3. they coordinate hundreds of researchers, auditors, and client teams across time zones, cultures, and philosophies, yet ship like a single mind.

4. they do it all in public, with every decision dissected by the loudest peanut gallery on the internet, and still keep the vibe collaborative.

5. they design for attackers who have nine figure incentives and infinite patience. then they sleep anyway.

6. they keep six independent clients in perfect sync so the same block lives at the same height for every node in the world.

7. they turn bleeding edge research into production code while preserving backwards compatibility for machines that went online before defi even had a name.

8. they debug issues that only happen once a year on a single archive node because someone somewhere will rely on that edge case.

9. they write cryptography that must stay unbroken for decades while the math itself evolves beneath their feet.

10.when the upgrade lands smooth the outside world shrugs. inside ethereum we know it was a minor miracle. every successful fork proves that decentralized coordination can outperform the world’s best hierarchies and shows that open internet capital markets are now the default.

thank you, truly.
we owe you everything.

[Hemulin @mr_hemulin]

RT @BackedFi: Today, we are announcing that Backed will become part of @krakenfx. For us, this moment represents the culmination of a long…

[dave.freename @theliondave]

🚨🚨 to ALL my domainers friend -> a new era just begun !!

I’ve been able to transfer MY defi(.)xyz out from @GoDaddy to OUR Registrar at @freename.

Not only, I was able to use my defi(.)xyz and use it as @MetaMask wallet address. WTH guys!!

You should all try it out!!🔥

[Open Libra @0LNetwork]

[ABOUT]
When we are not debunking bad ideas we're building a perpetual investment DAO, the end game of crypto.

Why bother debunking bad crypto ideas? Because nothing meaningful in digital assets can happen until we stop the bullshit.

[Hemulin @mr_hemulin]

@VinnieH83 @redhairshanks86 @0x0tt0x0 @0LNetwork will lead the way there.

[Hemulin @mr_hemulin]

@Hakufsah ילדה (בגרסאת ה"בשקט" עם ברק חנוך)

[0tt0 ｜Liberator of Libra (✊☀️) @0x0tt0x0]

Open Libra: The Road Less Traveled

A force of the public which has the capital necessary to make meaningful interventions, at the scale of the largest organizations in society. This requires independence, durability, and sense.

Independent, Perpetual, Sensible​
OL looks different because it is different. Open Libra does not have a foundation, has no labs entity, no VC funding, and no ICO. Why not? Because, unlike the First In - First Out pump and dump schemes that litter the Crypto landscape, Open Libra has a clean regulatory and moral profile to serve our focused mission — perpetual funding for impact in society, independent of corporations, governments, and traditional finance of the day.

The unique feature of digital assets is their opportunity to be perpetual, a highly misunderstood and underrated property. OL measures its plans in centuries, on much longer scales than you are accustomed to if you are in tech. But if instead the product is defined as independent and good capital, then a 100-year time frame is plausible. The next generations should expect there to exist an institution (more like a force of the public) which has the capital necessary to make meaningful interventions, at the scale of the largest organizations in society. Open Libra is five years in, and still pre-launch. Deliberately being principled, vigilant, and evolutionary.

Forget Cryptocurrency, Think Open Titles​
The future lies in the thing that comes after currencies: durable capital which can accumulate entitlements, benefits, and rights over time. Digital titles that are both accessible and enforceable over generations, far beyond transient software versions and networks. Crypto makes a tacit promise: wealth while participating in what the future brings. We extend that further to create a product everyone would want to be a part of: to invite the 98% of the world who seek to participate in future themes of technology, social coordination, and build wealth through engagement with society.

We ask difficult questions of the industry because, to us, the design space is clear, but the offers in the market are not.
Learn more about our vision at https://t.co/ogZluTQH8W.

2024: A Year of Resilience and Progress​
2024 was a pivotal year for Open Libra. Reinforcing our commitment to the long game, the project undertook several strategic measures to solidify its foothold and secure the mission.

We faced an exploit, a multi-step governance abuse which involved social engineering, deception, and transaction manipulation.

This was not a software failure, but a breach of trust.

This of course, is not a surprise, and neither an unexpected disappointment. OL goes slow in order to observe and correct the course. The abuse unfolded faster precisely because the exploiters began to take notice of the core founding team that was catching up to the evidence.

The active community responded with an industry-leading forensic process that disabled 98% of exploited funds, demonstrating our commitment to fairness and justice in our community. The community has been clear from the beginning, that we do not invite or suffer that Open Libra is not for the 2% seeking quick wins at the expense of fellow community members. To address these challenges, a hard fork was executed and forensic tools were created, available at our GitHub repository, facilitating interoperability and expanding the Open Libra ecosystem.

It took months to develop Forensic Db, a missing piece of blockchains. The comprehensive forensic database ensures project accountability and transparency. Where necessary, proper authorities in The Netherlands were also engaged to ensure regulatory compliance and proper legal standing.

Learnings​:
Socialized Enforcement​
Unlike traditional blockchain projects with centralized governance structures, Open Libra enforces norms through four levels of socialized enforcement. When loose social consensus fails, you should expect to see several layers of enforcement:

- Smart Contracts: Improve the binding of key policies of your community norms.
- Social Slashing: Start a new network that reinforces the norms, move the party elsewhere.
- Civil Legal Recourse: Utilizing judicial systems is fair game when Smart contracts are multi-party agreements.
- Criminal Enforcement: Ultimately, criminal enforcement is reasonable against fraud and misconduct when a sovereign's laws overlap with ours.

First In Last Out is Worth Fighting For​
One of OL's oldest founding beliefs is that First In First Out leads to abuse in markets (pump and dump). Many of our exemplary policies (Slow Wallets, Community Wallets) are explicitly designed with a goal of “First In, Last Out” principle. In 2024, we diverged from this norm, both intentionally by exploiters and unintentionally by distraction. Governance upgrades have been proposed and are in progress to ground us in this principle again.

Looking Forward to 2025 and Beyond​
As the project sets its sights on the future, Open Libra will introduce several key initiatives in 2025 designed to reinforce its mission and expand its impact:

- SlowWalletV2 Proposal: Enhancing security and longevity for long-term holders.
- Project Nest Egg: An initiative that aims to transform Libra into a force for good by funding high-quality real-world businesses by effectively deploying capital through Community Wallets. By harnessing voluntary contributions, these wallets become a strategic asset, driving sustainable growth and innovation within the ecosystem.
- Validator Bidding Optimization: Streamlining the validator selection process for greater efficiency.
- Exchange Listing Initiatives: Community-driven efforts to expand accessibility and liquidity.

Join Us​
The active community invite experts across disciplines who align with our mission and are committed to sustainable, long-term impact to join us: https://t.co/ogZluTQH8W

Carpe Diem ✊☀️

[Hemulin @mr_hemulin]

@29thandrit @DesheShai On the more meta-economical and mechanism design side, you can check out @0LNetwork. Such topics are often discussed there and some uncommon ideas are presented.

[Hemulin @mr_hemulin]

@29thandrit @DesheShai I agree with your view.
Technology should serve a higher purpose. Over time, innovative technology becomes a commodity. Value lies elsewhere, thus blockchain technology can serve as coordination layer for decisions making and resources allocation.

[Hemulin @mr_hemulin]

@mkilmo זה תופס רק אם זה היה במסגרת מדיה נוצ'ה

[0tt0 ｜Liberator of Libra (✊☀️) @0x0tt0x0]

Yes, We Took It

We hard-forked Facebook out of Libra.

P.S. All your base are belong to us.

[Hemulin @mr_hemulin]

@global_chain @RoaringKitty @0LNetwork I don't follow. You asked a question. I answered to the best of my knowledge.

[Hemulin @mr_hemulin]

@global_chain @RoaringKitty @0LNetwork Very much so

[Hemulin @mr_hemulin]

@therealnirs לא כדאי להתעלם מהיתרון המצרפי של פרויקטי קהילות וקוד פתוח בתחום. Bittensor אם הזוית הביזורית ובלוקצ'יין לא מרתיעים אותך, וכל ההתרחשות בHugging Face בהחלט שווה היכרות.

יש סיכוי שהאמירה לגבי שוק של חברות גדולות, תתברר כשגויה.

[Min Choi @minchoi]

This is wild.

Meta AI just announced Movie Gen that generate AI video just from text.

And it can generate sound effects and music for your videos.

100% AI (including sound) 🔊

1. Penguins swimming w/ a beautiful orchestral piece that evokes a sense of wonder.

[Hemulin @mr_hemulin]

@global_chain @Danielkz @base @comswap_io @0LNetwork https://t.co/9AfMYTlRci

[Backed @BackedFi]

We’re thrilled to announce our partnership with @INX_Group! On-chain tokenized @nvidia stock (bNVDA) trading is now available to eligible non-US investors on the INX platform.

bNVDA is a tokenized security backed one-to-one by NVIDIA Corp (NVDA) stock, issued on multiple networks, with blockchain ledgers conveying ownership.

This is a major step towards merging the world of traditional finance with the 24/7 accessibility and liquidity of digital assets. 🚀

We’re excited to be INX’s first tokenization partner - and have them as our first secondary-market trading platform.

Why is it such a big deal?

🔒Self-custody: Hold your securities directly in your wallet.

🕛24/7 Trading: No more waiting for market hours.

🌐DeFi Ready: Utilize your tokenized stocks within the DeFi ecosystem.

🔗Blockchain Security: Leverage the security and transparency of blockchain.

This launch represents the beginning of a new era where investors can build diversified, on-chain portfolios of tokenized #RWAs without any need to offramp. More tokenized equities by Backed are coming soon🚀

bNVDA / USD pair on INX: https://t.co/tTAaWClZdC

---

The Backed Assets (JE) bNVDA is a tracker certificate issued as an ERC-20 token. bNVDA tracks the price of NVIDIA Corp. Backed’s products are only sold directly to qualified investors and licensed resellers. Backed DOES NOT sell its tokens to U.S. Persons or for the account or benefit of U.S. Persons, and tokens are not marketed, offered, or solicited in the U.S. or in any other prohibited jurisdiction.

[Hemulin @mr_hemulin]

@mauridmauri @0xQueenD https://t.co/NIEP5HXekt

[Hemulin @mr_hemulin]

@global_chain @zmanian @r4nk0X https://t.co/LEmgxU2qfh

[Hemulin @mr_hemulin]

@global_chain @zmanian This seems to be related to how the explorer presents decimals of unsupported assets.
The number should be divided by 10^6.