when i started building echo 2 years ago, i knew it had 95% chance of failing. to be honest, i couldnt really imagine any other outcome, but i thought at least it may be a noble failure worth attempting.
i certainly didn't think echo would be sold to coinbase, but, here we are: today coinbase bought echo for ~$375m.
echo will remain a standalone platform under its current brand for now, but we will integrate sonar's public sale product into coinbase, and likely introduce new ways for founders to access investors, and for investors to access opportunities into coinbase itself.
over the years i have chatted to brian a handful of times, and mostly to complain at him honestly. i have always respected how brian would listen to an outsider chat shit at him on the phone and take the feedback seriously. now, instead of complaining, i will have the opportunity try to do the work to make things better.
crypto itself has moved on a long way since we started working on echo. i guess partially this is because of the election result. but, i feel energised by a lot of the cool things being built in crypto again: hyperliquid, zcash, stablecoin supercyle, and so on.
feels like a good time to be on the field instead of an idiot with a twitter account yapping nonsense. well, i guess i still will be that.
anyway, job's not finished. onwards.
oh fuck yeah, before i go, the final season of up only (now "unc only" due to our severe old age) will commence when we figure out who the guests should be lol
cobber
We took a crack at the recent Solana contest on @code4rena with our AI audit tool and here's how it went:
2 findings confirmed as Medium by the judge after proper debate
We were on-track to unlock the H/M pot and win the comp as we had the most medium findings
Findings are mysteriously downgraded to low with no explanation
Winners are QA only with $8k paid out, protocol saves $200k
So what happened @gf_256?
Here's a wild guess:
@zellic_io performed multiple audits and risks its reputation and future client business by admitting they missed 2 medium findings costing their client $200k. So the judge is overruled, findings downgraded, and then radio silent to the few hunters that found those mediums
if the rationale is there to downgrade something or a finding is invalid, great, just be transparent about it and communicate that to the SRs. any lack of transparency results in a loss of trust in the platform as seen in the feedback in your discord
i am not familiar with contests, but if this is par for the course with other's experiences at codearena, this is an embarrassment and deters participants from competing in future comps which then deters projects from running contests on your platform
the archetype of smart wordcel guy who only uses rapid arcane language about his grand theories so it's hard to tell if he's genius or full of shit, and talks nonstop with immense confidence at parties and inexplicably becomes an asshole for no reason at age 50