Jeff 🦇🔊 (testnetjeff.eth)

Can't afford the audits to become mainnet Jeff.

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

@KristinaKlaudy1 Best of luck Kristi

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

@jessepollak

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

@pbrody That is frustrating to hear. 🤷

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

Agreed

[Paul Brody prbrody.eth @pbrody]

I really want to love Anthropic and all the things that they do. And I really love Claude Code, but I feel like they're trending in a direction that requires more transparency to users.

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

As expected

[Eleanor Terrett @EleanorTerrett]

🚨JUST IN: The White House Council of Economic Advisers has released its study on stablecoin yield and its potential impact on deposit flight and bank lending — the same report I noted last month that Senate Banking lawmakers were pressing the White House to release.

The TLDR: Banning stablecoin yield would do little to boost bank lending, impose costs on consumers, and concerns around deposit flight are overstated.

The data: At baseline, eliminating yield increases lending by just 0.02% (~$2.1B) and results in a net welfare loss.

On deposit flight: The report finds those concerns are “quantitatively small,” noting most stablecoin reserves remain within the banking system, with only a limited share truly removed from lending activity.

“In short, a yield prohibition would do very little to protect bank lending, while forgoing the consumer benefits of competitive returns on stablecoin holdings,” the executive summary reads.

Link to the report below ⬇️

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

Awesome

[trade.xyz @tradexyz]

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[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

@RyanSAdams @FelixCraftAI I'll take the under on this. NFTs had their moment. I believe they've settled more or less into their lane and we won't see anything close to 2021/2022 again.

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

Oopsie doopsies

[Aakash Gupta @aakashgupta]

The real story here is worse than a fumble. It’s a three-step own goal.

January 9: Anthropic locks Claude Code OAuth tokens, killing every third-party tool that built on Claude subscriptions. OpenClaw, which recommended Claude Opus 4.5 as its default model, wakes up to a broken integration. No warning. No partner outreach.

January 27: Anthropic’s legal team sends the cease-and-desist over “Clawdbot” sounding too similar to “Claude.” Steinberger complies at 5 AM on a Discord call. During the 10-second window where he releases the old GitHub and X handles, crypto scammers hijack both accounts and run a $16M pump-and-dump scheme. The chaos reflects on the entire Claude ecosystem.

February 15: Steinberger announces he’s joining OpenAI.

So Anthropic had the fastest-growing open source project in AI history (145K+ GitHub stars, 2 million visitors in a single week), built by a guy who sold his last company for ~€100M, whose tool literally recommended Claude as the default model to millions of new users.

Their response was to cut off his API access and send lawyers.

Steinberger spent last week in San Francisco meeting with every major lab. He explicitly said he could have built OpenClaw into a massive company but chose OpenAI because he wanted “the fastest way to bring this to everyone.” Meanwhile OpenClaw has already spread to China, with Baidu planning direct integration into its main app.

This is a project that was essentially a free distribution channel for Claude. Millions of developers installing a tool that defaults to your model. The growth marketing team at Anthropic should have been sending gift baskets, not legal notices.

Sam Altman just got handed an open-source agent framework with global distribution and a brilliant founder, because Anthropic’s legal department moved faster than their partnerships team.

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

@biancoresearch @DaveLevine0com Btc is not programmable money. Btc is a pet rock.

Eth is programmable money. Stablecoins are programmable money.

It matters to get this right, even if the charts look similar. They are not the same.

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

@JasonYanowitz What is this utility for btc you speak of?

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

I care not

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

BofA, shaking in their boots, warns...

[Ethprofit.eth 🦇🔊 @Ethprofit]

🚨 NOW: Bank of America, CEO warns up to $6 trillion in deposits could shift to stablecoins on Ethereum if allowed to pay interest by The CLARITY Act.

Banks are scared users will go to the better product

[Paul Barron Network @paulbarrontv]

Coinbase says "anti-yield" lobby is nuts🤣

@iampaulgrewal @standwithcrypto

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

Doing it the right way, the first time.

[vitalik.eth @VitalikButerin]

Ethereum itself must pass the walkaway test.

Ethereum is meant to be a home for trustless and trust-minimized applications, whether in finance, governance or elsewhere. It must support applications that are more like tools - the hammer that once you buy it's yours - than like services that lose all functionality once the vendor loses interest in maintaining them (or worse, gets hacked or becomes value-extractive). Even when applications do have functionality that depends on a vendor, Ethereum can help reduce those dependencies as much as possible, and protect the user as much as possible in those cases where the dependencies fail.

But building such applications is not possible on a base layer which itself depends on ongoing updates from a vendor in order to continue being usable - even if that "vendor" is the all core devs process. Ethereum the blockchain must have the traits that we strive for in Ethereum's applications. Hence, Ethereum itself must pass the walkaway test.

This means that Ethereum must get to a place where we _can ossify if we want to_. We do not have to stop making changes to the protocol, but we must get to a place where Ethereum's value proposition does not strictly depend on any features that are not in the protocol already.

This includes the following:

* Full quantum-resistance. We should resist the trap of saying "let's delay quantum-resistance until the last possible moment in the name of ekeing out more efficiencies for a while longer". Individual users have that right, but the protocol should not. Being able to say "Ethereum's protocol, as it stands today, is cryptographically safe for a hundred years" is something we should strive to get to as soon as possible, and insist on as a point of pride.
* An architecture that can expand to sufficient scalability. The protocol needs to have the properties that allow it to expand to many thousands of TPS over time, most notably ZK-EVM validation and data sampling through PeerDAS. Ideally, we get to a point where further scaling is done through "parameter only" changes - and ideally _those_ changes are not BPO-style forks, but rather are made with the same validator voting mechanism we use for the gas limit.
* A state architecture that can last decades. This means deciding, and implementing, whatever form of partial statelessness and state expiry will let us feel comfortable letting Ethereum run with thousands of TPS for decades, without breaking sync or hard disk or I/O requirements. It also means future-proofing the tree and storage types to work well with this long-term environment.
* An account model that is general-purpose (this is "full account abstraction": move away from enshrined ECDSA for signature validation)
* A gas schedule that we are confident is free of DoS vulnerabilities, both for execution and for ZK-proving
* A PoS economic model that, with all we have learned over the past half decade of proof of stake in Ethereum and full decade beyond, we are confident can last and remain decentralized for decades, and supports the usefulness of ETH as trustless collateral (eg. in governance-minimized ETH-backed stablecoins)
* A block building model that we are confident will resist centralization pressure and guarantee censorship resistance even in unknown future environments

Ideally, we do the hard work over the next few years, to get to a point where in the future almost all future innovation can happen through client optimization, and get reflected in the protocol through parameter changes. Every year, we should tick off at least one of these boxes, and ideally multiple. Do the right thing once, based on knowledge of what is truly the right thing (and not compromise halfway fixes), and maximize Ethereum's technological and social robustness for the long term.

Ethereum goes hard.

This is the gwei.

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

@Naksh005 @VitalikButerin Thr NYC ZKP L2. The NY state L2. The North American L2. Ethereum?

[Gwart @GwartyGwart]

>wake up
>drink coffee with butter
>post some shit about the k shaped economy
>20 minute sauna with blood boy
>post some shit about how exhausting it is to always be skating to where the puck is going
>listen to pitch from guy building sex robot that looks like the girl from ex machina. Tell him you love the skeuomorphism, looks really fuckable. Tell him you’ll circle back
>tell some other founders you’ll circle back
>finally circle back with some founders. Tell them you’ll circle back again
>peptide time
>remind blood boy to inject peptides, “remember, your blood is my blood. Our blood.”
>post a terrible idea and then ask “who’s building this?”
>ignore all responses from people building that
>compare standing desks online. Compare jetcards and fractional ownership online
>podcast appearance. “companies are just staying private longer. We have a ton of portcos that could very easily exit but have decided to just stay private. Just makes more sense for them.” Nailed it. Mention k shaped economy too.
>plan ayahuasca trip with the boys. Ask ChatGPT to give you 10 shamans with at least 4.5 star ratings
>dinner with founder who hasn’t found PMF. “You need to pivot. It’s time to pivot. No shame in a pivot. Make it more like a casino” it’s not a gambling company, doesn’t matter. Reflexivity. Massive unlocks. k shaped economy. Pivots.
>drinks with founder whose company is now making money. Act disgusted “I just think you’re trying to monetize too quick. But you’re the founder. I invest in people not companies.” Company been alive for 6 years now.
>hit the 8sleep and doze off asking if you could actually be charging 3 and 30. “Jim Simons did it. Why can’t I?”
>charge 2 and 20
>underperform t bills

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

@ASvanevik @sassal0x Did you even read the man's tweet, or is your goal to actually embarrass yourself? 🤣

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

Right on time

[unusual_whales @unusual_whales]

BREAKING: JPMorgan, $JPM, starts tokenized money market fund on Ethereum, and to seed fund on Ethereum with $100 million internal capital, per WSJ

[Jeff 🦇🔊 (testnetjeff.eth) @testnetjeff]

True if big

[jasperthefriendlyghost.eth @drjasper_eth]

This is the biggest news of the fucking year.

I humbly present you 2 quotes that will radically define 2026 and bring trillions onchain, I promise nothing you read will define the next 3 years more.

1. “The No-Action Letter authorizes DTC to offer a tokenization service for DTC Participants and their clients on pre-approved blockchains for three years. Under the NAL, DTC will have the ability to tokenize real-world assets, with the digital version having all the same entitlements, investor protections and ownership rights as the asset in its traditional form. In addition, DTC will provide the same high level of resiliency, safety and soundness as that of traditional markets. 
The authorization applies to a defined set of highly liquid assets, including the Russell 1000, which represents the 1,000 largest publicly traded U.S. companies by market cap, as well as ETFs tracking major indices and U.S. Treasury bills, bonds and notes. The No-Action Letter is significant because it allows DTC to launch the service once finalized, under certain limitations and representations, more quickly than would have otherwise been possible.  “

You read that right - the US Gov is not only fast tracking the move on the entire US economy onto crypt rails, they are doing it with all the benefits of existing protections. The era of global financial access at the highest levels is upon us.

2. “Under the No-Action Letter, DTC is authorized to offer a limited production environment tokenization service across L1 and L2 providers. DTCC will provide more details about on-boarding requirements, including registering wallets, as well as the approval process for L1 and L2 networks in the coming months.”

Where will the world be settled? In the Ethereum ecosystem of L1s and L2s. This should not come as a shock - DTCC launched their proof of concept using the Ethereum client Besu and now they are ready to use that background to bring the entire world to Ethereum.

Trillions in 2026.

Ethereum.