Jay
225 posts
X Layer 和 OKB 团队从未停止建设，这也始终是我们战略的核心之一。 今天，我们正式发布 Exchange OS —— 这是迈向链上金融开放市场基础设施的重要一步。 我们将在 X Layer 上推出专门面向链上高频交易的 Trade Zone，底层采用与 OKX 同级的机构级基础设施架构，具备高性能、高可用、低延迟能力，TPS 可达到 30 万。 Exchange OS 被设计为一套 Permissionless 基础设施。合作伙伴可以通过质押一定规模的 OKB，在 X Layer Trade Zone 上创建属于自己的交易场所。该基础设施同时支持 CeDeFi 模式和完全自托管模式，并运行在同一个共享执行环境中。 这是链上金融的新篇章。
最近看到一些 KOL 在喊项目，想说几句。 我从来不反对 KOL 喊项目。屁股决定脑袋，这没毛病——你重仓了一个东西，看好它，讲给别人听，让大家一起 上车分蛋糕，这本来就是 KOL 该做的事。 我反感的是另一种。 你没上的项目却让别人上，比如挂个返佣链接，自己没怎么参与，靠引导散户撸项目赚返佣。项目崩了，散户买单；项目起来了，散户还得回头谢你。 塔勒布在《非对称风险》里把这事讲透了：你把本该自己承担的风险，转移给了那些信你的人。 你仓位没放在游戏里，让别人的仓位在游戏里赌。 KOL 被信任，靠的是大家默认你跟他在同一条船上。你站在岸上指挥别人下水，做一次叫机灵，做多了，就是卑鄙。 如果按照《汉谟拉比法典》的规矩来： 如果你有仓位，自己上了最后也亏了，那确实没办法。 如果你没有仓位但是乱喊的项目如果造成别人亏钱了，你应该全额赔付。 我自己的标准很简单：我嘴里讲的，就是我自己有仓位的。我不在场的东西，我宁愿不开口。
其实币圈人敢在BIT玩，完全是信任吴忌寒这个人 当年比特大陆在吴詹大战末期，詹克团用6亿美金收购了吴忌寒和一些小股东的股权。 从比特大陆出来后，老吴就搞了比特小鹿Bitdeer，还在纳斯达克上市了，目前市值30多亿美金。 BIT老吴也是董事长，完完全全自己搞的。 我是觉得在这上玩，其实没啥问题。 大家敢在币安或者OK上放大资金，是时间沉淀出来的信任。 BIT也是如此，需要时间，需要累积大家的信任。 有一说一，BIT稳定币转美元买股票，确实很方便。
Some of my perspective on where the @ethereumfndn is going. First of all, this is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not. @aerugoettinea is the one executing much of this transition. My input has been largely on technical questions. The board is in the process of expanding, and my own power within the org will continue to decrease, which is honestly what I want. The 2025 era brought many important improvements to EF and its ability to execute. Many issues were resolved, and EF continues to benefit from its improved efficiency and greater focus on concrete goals to this day. And so with those problems resolved, early this year, the largest remaining hole that I perceived was something different nagging at me: I would regularly spot people saying things like "vitalik says these beautiful things about ethereum needing to be decentralized, and have privacy, and be a sanctuary technology, but why do the EF's actions not reflect that?" Now, you may have been hearing something different. You may not have been sensing a feeling of crisis at all, and maybe were hearing people saying that finally we were taking execution and BD seriously and the main task for us is to keep going that way and be even better and faster. Then probably there is genuine difference between you and me, in what kinds of criticism I take most seriously, and what kinds of critics through their criticism are most able to make me feel pain. As an analogy, let's briefly switch over to a different domain. One belief you can have about Google is that it is a success story, and has brought a lot of good to humanity in organizing the world's information. Another belief you can have about Google is that they had a beautiful idealistic beginning, but at some point the corruption of mainstream corporate attitudes seeped in, and they slowly bit by bit completely abandoned the "don't be evil" slogan. My belief on Google specifically is probably somewhere between the two. BUT, if you had taken me back in time to ~2008, and offered me a button to press to make Google one or two standard deviations more "dogmatic", eg. give Richard Stallman permanent veto power over some key policies, I would immediately press it. Why? Because a choice for one company is not a choice for the world, or even one country. Google existed and exists in the context of a technology industry generally drifting away from early idealistic don't-be-evil roots and toward greed for financial gain, totalizing visions of accelerated superintelligence, infiltration by sociopaths, and craven capitulation to (or worse, active participation in) government pressure for ideological control, surveillance and war. And so *one company* doing something different, positioning itself to be what George Bernard Shaw calls the Unreasonable Man, resisting the trend of the times, would have been better for freedom, balance of power and stability of society as a whole, than *all* large companies bending to dominant trends. This is a part of my version of pluralism. This line of thinking is not just mine, but I also is not too far off from what Aya and others had in mind with the Mandate. Now how does this all get to the role of the EF? EF is not a "center of Ethereum", rather EF is "one node, with a defined purpose, alongside other nodes". We've always said that the EF should be the latter, but many in the Ethereum ecosystem (and even within the EF) wanted us to be the former. Now, we are taking action to ensure that we will be the latter. This is particularly important because EF is a limited organization, with limited resources and limited organizational capacity. The EF has only ~0.16% of all ETH (less than many other individual ETH holders), whereas among other blockchains it's common for "the central foundation" to have 10-50%. Fiscally, the EF was originally designed to fulfill a limited work scope defined in the token sale docs and other pre-launch materials (building the chain software; getting through Frontier, Homestead, Metropolis, Serenity), which was fully completed in 2022; it was not designed to be an eternal steward. And so today, the EF is choosing to use its remaining resources to pursue longevity over breadth (yes, this means we sell less ETH). The EF focuses *specifically* on those activities critical to the success of ethereum as a censorship/capture-resistant, open, private and secure system, that would not happen otherwise. This means making hard choices, and in some cases even activities that we highly approve of and people that we highly respect becoming outside of the EF. People of great technical talent, public respect and even alignment with the mission and CROPS being outside of the EF is in fact necessary if we want important tasks to be able to attract outside capital. This also means the EF taking opinionated stands culturally. This is all intended in cooperation with all other parts of ethereum. We recognize that many other parts of the ethereum world highly respect CROPS and related values. But highly respecting is not the same as choosing to specialize and totally dedicate to a domain (Compare in a different domain: I think reducing animal cruelty is important, and I like vegan food, but am not full unconditional vegan myself) EF is still in a transition period, and we expect its new long-term form to stabilize over the next few months. What are the guiding principles of this new form? Again, I am only one person, but I can give my answer from a technical perspective (there are also critical non-technical aspects). At the core, *Ethereum must be impressive*. We are living in an age of highly intelligent AI and all kinds of other technological acceleration. "Status quo EVM, with a hard fork or two a year to optimize for short-term needs of users" is not interesting. To some, "impressive" means: 250ms latency and 1M TPS. I think Ethereum trying to go that route is a mistake. Being as fast and as scalable as possible, and only a small epsilon more decentralized than the others, is a route to mediocrity, and if we try it we will lose. I think Ethereum should scale. But I think Ethereum should strive the hardest to be deeply impressive in a different dimension: the CROPS dimension. This means things like: * Provably bug-free Ethereum. This is a goal that all cybersecurity researchers would have thought is absurd and impossible, up until roughly 6 months ago. Now, it's on the cusp of being possible, thanks to AI-assisted formal verification. So we should be frontrunners in doing this. * Available chain consensus. Ethereum is, and with lean consensus will cotninue to be, the ONLY chain that has both (i) traditional-BFT style properties that it's safe under asynchrony up to a high level of fault tolerance, and (ii) the bitcoin PoW-style property that under synchrony it's safe up to 49% attackers. As far as I can tell, literally no other chain has this or is planning for it; bitcoin goes for (ii) only and most other chains go for (i) only. Some will remember I fought hard for this, Unreasonably insisting that it is not OK for ethereum to rely on social consensus and hard forks to rescue ethereum from 34% of nodes going offline. It's OK for chains like hyperledger, bnb, solana, tempo, etc. It's not OK for bitcoin or ethereum or eg. zcash. * Intermediary minimization. The fact that smart contract wallets, protocols like railgun, etc have to send transactions through intermediaries to get included onchain is honestly embarrassing, and it's a constant point of fragility. Hence the work on FOCIL and EIP-8141 (and 7701 and years of work before) to make transaction sending intermediary-minimized with public mempool and strong inclusion properties, in a truly general-purpose way, that covers not just eg. secp256r1, but also privacy protocols and much more. Kohaku is pushing intermediary minimization at the user layer, pulling Ethereum away from the dystopian status quo world where our wallets don't even verify the chain, send our private data out to a dozen third-party servers, and toward a brighter CROPS future. Some of these goals are Unreasonable - maybe Ethereum would be "fine" getting only 50% of the way - what if we depend on intermediaries, but make it easy to switch? But going 50% of the way would not make Ethereum Deeply Impressive in the CROPS way. So we push for 100%. Fortunately all these goals are compatible with high TPS, this is a major focus of research (esp. on scaling the state). Well-designed L2s can also help, especially L2s optimized for specific applications (eg. high-volume trading, privacy...). These goals are even compatible with significantly lower slot times, thanks to Raul's work on erasure-coded P2P, and many other optimizations. The most high-value "product" of the ethereum blockchain, financially speaking, is ETH the asset. Ethereum secures $250 billion of ETH. The types of properties of Ethereum that I mentioned above are very good for ETH the asset. Nearly 90% of my net worth is in ETH, and most of the remainder is ~$40m of onchain fiat of which every dollar has already been allocated for some open-source biotech or software or hardware initiative. That said, there are aspects of supporting ETH the asset - *necessary* aspects even - that are outside the scope of the EF. This is where we need other heroes (some of whom hold more ETH than the EF does) to step in and help. EF has been recently thinking more about how it will relate to other such organizations, and give them needed initial support. EF will be a smaller ship than in previous years, a more opinionated one - in some cases more opinionated in ways that might be difficult to comprehend - but a longer-lasting one, and one suited to making sure that ethereum brings something meaningful to the world. We are grateful to all those inside and outside the EF who are helping to make this happen.
链上最讽刺荒唐的点就在于， 人们都在跪舔在牌桌上将他钱赢走的人， 他们将对手奉为神明，且继续为其不断送钱， 哪怕他本人早已穷困潦倒且入不敷出。
🚨 POLÉMICA EN SQUARE ENIX Y MENCIONAN A GENSHIN IMPACT 🚨 Jacob Navok, exdirector de negocio de Square Enix, ha soltado unas declaraciones muy duras: • Dice que la compañía está fracasando en atraer a las nuevas generaciones. • Afirma que su mayor error fue dejar que otra empresa creara el fenómeno Genshin Impact. • Propone hacer juegos free-to-play modernos, con colaboraciones arriesgadas (hasta sugiere mezclar Final Fantasy con K-Pop). • Culpa a la burocracia interna por ser demasiado lentos. ¿Creéis que tiene razón y Square Enix necesita un cambio urgente?
博德之门3 真是最伟大的游戏之一，带娃还是挤时间一直断断续续的玩，三刷快完了，又想着四刷了，我感觉这个游戏我能打一辈子，谢谢拉瑞安 让我玩到有生以来最痴迷的游戏。 看到豆瓣有个短评： “这或许就是在AI彻底接手之前，穷尽人力，人类叙事最后的余晖。” 这也是我想说的，不知道 GTA6 是不是已经用了很多 AI 了。
Jocy老板对行业目前困境刻画深入。过去2-3年的“涸泽而渔”式的抽取，行业进了低谷。即便行业的基本面比之前好了很多，但市场和社区的绝望情绪，远比2019年还要糟糕。 这已经不是正常的牛熊轮回。 加密领域有个有意思的地方是，它有极其强烈撕裂感，一方面是超级大赌场，全世界24/7永不停歇的赌场；一方面是承载cypherpunk理想实现的载体，一个自由的应许之地。 这两方面的拉扯从btc诞生之日起，就一直存在，非常魔幻。而现在的力量早已经失去平衡，理想主义几乎荡然无存，而赌场力量越来越强势。 即便如此，我们还是可以看到一些不一样的东西。 • 稳定币（美元上链）：这是过去三年最硬的成果，已经成为新兴市场事实上的美元管道。规模持续扩张，且越来越嵌入真实支付和贸易结算，而不是只在CEX间循环。 • 真实资产代币化（美股/美债/票据等上链）：起步虽慢，但路径清晰。BlackRock、Franklin等传统巨头在布局，一旦监管和托管技术成熟，增量会很大。以太坊 + 其他L1/L2 会成为主要承载层。 • Prediction Markets & Perp：这两年最亮眼的创新之一。信息效率极高，资金利用率也高，已经在某些领域（选举、宏观事件）展现出比传统金融更敏锐的价格发现能力。 • DeFi 的坚持：虽然TVL被 meme 和新叙事抢走风头，但核心协议（借贷、DEX、稳定币）在默默迭代。真正的杀手级应用可能还需等待“杀手级UX”和监管清晰。 • AI × Crypto：目前还处于早期实验阶段（数据市场、去中心化计算、AI Agent支付等），但融合是必然的。AI需要可验证的计算和支付，Crypto需要智能执行体，两者天生互补，只是时间会比很多人预想的更长。 以太坊的路线图（Danksharding、Verkle Trees、基于zk的扩展等）仍在推进，它依然是最有可能成为“现实世界资产全球结算层”的候选者，尽管竞争会很激烈。 而当传统金融上链成熟之后，不仅是数字钱包，还有数字身份，甚至是社交/游戏，也会重新燃起跟Crypto的结合的火焰。 现在世界的节奏太快了，而人们什么都需要马上实现，但是加密领域的节奏是无法快起来的，不仅是链本身是均衡的产物（要去中心化，就无法同时兼顾性能和安全），更是它要重塑很多传统产业，而这些产业根深蒂固难以动摇，不是一日之功。这不是bug，而是Feature。 持续长远看好加密领域，但其中的起起落落，还会延续很多年。