Meanwhile the Nifty 50 is up 10x since 2009, although 50% of the gains happened after 2020
India GDP is only up 3X since 2009 though, with the Market Cap/GDP close to 150% ATH in 2005 with only 5.5k companies listed
According to math, India #StockMarket is a ginormous bubble 🤷🏻♂️
The dollar is rising because Trump hit U.S. consumers with tariffs. If currency traders understood economics, they'd be selling dollars. The U.S. service sector economy depends on low-cost imports to survive. Anything that increases import prices can potentially prick the bubble.
i love openai, and everything i’ve done over the past few days has been in service of keeping this team and its mission together. when i decided to join msft on sun evening, it was clear that was the best path for me and the team. with the new board and w satya’s support, i’m looking forward to returning to openai, and building on our strong partnership with msft.
PayPal just announced that they are launching a USD stablecoin, called PYUSD, as an ERC20 token on the Ethereum network
Ethereum is slowly but surely becoming a global settlement layer for all types of value
1/7 Polygon has announced the proposal for their 2.0 architecture today. Designed for unlimited scalability and unified liquidity, it aims to transform Polygon into the Value Layer of the Internet. Dive into their blog or continue with this thread. 🧵
Zero-knowledge proofs are powering the next wave of innovation in web3.
I spent the past week reading hundreds of resources about:
◆ How ZK proofs work
◆ ZK-SNARKs & ZK-STARKs
◆ zkEVMs and Ethereum's ZK rollups
Here's everything I learnt 🧵:
Hey, you 🫵!
Have you been hearing all the buzz about the Zero-knowledge Proof (ZKP) 🧾, but aren't sure what it's all about ?
Well, You don't need a PhD degree to understand ZKP.
All you need is a 3-minute read 📕.
A simple breakdown of ZK proof and the Best ZK coin
🧵
1/15
The scalability of a #zkRollup IS NOT limited by the prove.
I'm detecting some missunderstandings of how a zkRollup works.
Let me explain in this thread why the prover is not the limiting factor and what are the actual limitetions of zk ( and optimistic ) rollups.
In data science, new data is used to check if old beliefs were correct. This is called updating priors.
With a ship date set for Polygon #zkEVM Mainnet Beta, we wanted to update priors. Here are some supposed consensus takes. What priors will be updated in a year—adoption, TVL?
1/ JPMorgan
The finance giant believes its crypto subsidiary, Onyx, can lead a major shift in the financial services industry.
The bank is looking for a point of contact between Onyx's platform and its external clients.
I wish there was a TLDR short explanation for why something is trending on Twitter. Clicking on the trending topic often leaves me more confused not less.
Day 299
Large companies may pour millions of dollars to participate in crypto
But I have greater confidence in devs building out of their living rooms. They will bring next wave of decentralized products to #Web3
Let’s support small teams in Decentralization 💪
#BuildWeb3