opcatfsh

Contributing to @protocolmon & @relics_btc

[opcatfsh @opcatfsh]

@gakonst solve "stack too deep" pls... loads of contracts are 2x as complicated as they have to be because of that

[Protocol Monster Labs @protocolmon]

https://t.co/DQ02tMf7jD

[opcatfsh @opcatfsh]

@sama Can we get a fork feature for chats? So that we can continue a conversation in multiple different directions without loosing the context?

Also fork from any message in the chat history would be great.

[David Marcus @davidmarcus]

How Libra Was Killed.

I never shared this publicly before, but since @pmarca opened the floodgates on @joerogan’s pod, it feels appropriate to shed more light on this.

As a reminder, Libra (then Diem) was an advanced, high-performance, payments-centric blockchain paired with a stablecoin that we built with my team at @Meta. It would’ve solved global payments at scale. Prior to announcing the project, we spent months briefing key regulators in DC and abroad. We then announced the project in June 2019 alongside 28 companies. Two weeks later, I was called to testify in front of both the Senate Banking Committee and the House Financial Services Committee, which was the starting point of two years of nonstop work and changes to appease lawmakers and regulators.

By spring of 2021 (yes they slow played us at every step), we had addressed every last possible regulatory concern across financial crime, money laundering, consumer protection, reserve management, buffers, and so much more, and we were ready to launch.

We had worked on a slow rollout of a limited pilot that some members of the Fed’s Board of Governors were supportive of. At last, Chair Jay Powell was ready to let us move forward in a limited way. The story, as I heard it, is that Jay Powell was told by Treasury Secretary Janet Yellen at one of their biweekly meetings that allowing this project to move forward was “political suicide,” and she would not have his back if he let it happen. I wasn’t in the room when this conversation happened, so take these words with a grain of salt, but effectively this was the moment Libra was killed.

Shortly thereafter, the Fed organized calls with all the participating banks, and the Fed’s general counsel read a prepared statement to each of them, saying: “We can’t stop you from moving forward and launching, but we are not comfortable with you doing so.” And just like that, it was over.

One essential point is worth making here. There was no legal or regulatory angle left for the government or regulators to kill the project. It was 100% a political kill—one that was executed through intimidation of captive banking institutions. That was the hardest part of this story for me personally. Not that we had failed, but that America, this country I immigrated to and became a proud citizen of because of its rule of law and value system, behaved in such a way for political reasons. It was a very tough pill to swallow.

The bright side of the story, though, was the many learnings from this wild ride. By the end of the project, we had made so many concessions to get a thumbs-up that the whole design of the network became a Frankenstein of our initial ambitions.

We also learned the biggest lesson of all, which is that if you’re trying to build an open money grid for the world—eventually moving trillions of dollars a day, designed to be here 100 years from now—you have to build it on the most neutral, decentralized, unassailable network and asset, which, hands down, is Bitcoin.

And now this is what many of us who went through this scarring journey are building together at @Lightspark. And this time, we won’t stop until we get it done!

[@levelsio @levelsio]

Yep tipping has something to do with it

But I think it's more about the general culture of business in US

Generally Europeans look down on working hard, having side gigs, entrepreneurship and leaving the rat race

They also have an extreme dislike of rich people

In US everyone's hustling to get out of the rat race, you're almost cooperating to make each other rich

In EU feels like everyone's cooperating to keep each other poor

[Hudson Jameson @hudsonjameson]

🚨 ALERT 🚨

EIGENLAYER TWITTER IS COMPROMISED!

DO NOT CLICK ANYTHING!

[opcatfsh @opcatfsh]

@Uniswap @unichain 250ms sounds insane!

[Alec Stapp @AlecStapp]

This is the way

[CZ 🔶 BNB @cz_binance]

gm

[Marc Andreessen 🇺🇸 @pmarca]

The system is working as designed.

[tobi lutke @tobi]

So much irreparable damage has been done to Germany because of Green Party platform and founding mythology.

[@levelsio @levelsio]

🇪🇺 eu/acc

Today, Thierry Breton, the primary opponent of technological progress in the European Union resigned

He was responsible for:
- making technology companies Europe's #1 enemy, making many companies leave for the US
- the EU AI Act which made it impossible to build an AI startup in Europe
- the Digital Services Act which was used to stifle free speech in Europe (famously on here)

From his resignation letter it looks like he was fired

I think what that shows is that all the attention everyone is bringing on here on how Europe was going the wrong way is working

So please keep posting on here and telling your friends about the problems of Europe and where you feel Europe should be going instead

Because the EU does actually listen to us to steer its future, not immediately, but eventually

[@levelsio @levelsio]

just eat steak

omg im gonna try make healthy ice cream and eat it for breakfast and dinner i am a 40 year old child

just eat steak

[Hasu⚡️🤖 @hasufl]

It's infuriating that German energy, fiscal, and border policies are so bad. Talk about running a top 5 country against the wall in the name of ideology.

There are also no evil politicians to blame it on. Pretty much all of these decisions were, at the time, wildly popular with voters

[opcatfsh @opcatfsh]

@exochickarno @yunipals As issue pls! When you open an issue you will see templates for bug report & feature idea

https://t.co/Rrlivwgwx3

[Exochick Arno (11/11) @exochickarno]

1/16 Today is the deadline for making rainbow @yunipals monsters. It was a really cool event - especially in the last week. I saw how many #collectors united and supported each other to make their best fusion. Even DeasiDream was in the game.

[Geiger Capital @Geiger_Capital]

China just arrested the billionaire founder of a free speech messaging app for not moderating and censoring the content to their liking.

Iran is arresting their own citizens for posting things they don’t approve of.

Just kidding…

That was France and England.

[opcatfsh @opcatfsh]

@yunipals 🫡

[jake @Jakegallen]

Learning about the @relicsprotocol this morning. We're going to get to the bottom of this protorune stuff!