Miguel

What's in a white paper? Making a good one is harder than it looks! #cryptocurrency #blockchain #Bitcoin #Ethereum #Cardano $BTC $ETH $ADA medium.com/white-papers-d…

@shieldedmark I'm planning on doing some modeling/simulation of the dynamic fees... I find that stuff super interesting... Where can I find some historical data so I can plug it in my model/data (ie pre zip317 logic, when did that go into effect, sandblasting timeframe, etc...) I'll also look into economic security and do some comparison to existing data done for BTC/ETH that has already been done...

I stand with @punkdotfun

@yashablack Just pointing out that there have been exploits this one from a long time ago… hacks can fall into a lot of different buckets… Liqwids Oracle failures would be another exploit

@yashablack xray-network.medium.com/franken-attack…

cardano has 0 hack. you may argue "it is because there are no users or capital or incentives to hack" and you will be right, partially. but the reality is that cardano is the only blockchain where the security of a smart contract can be proven just by math, automatically. so the machine (without any ai agents btw) can tell "this one is hackable and this one is not". yes, this is that easy, even my grandma can understand. hear me out: we have everything to build secure defi and on-board billions and billions of assets on-chain. why nobody is talking about that?

Anyone has vacationed recently in Switzerland near Fribourg? Looking to do a long getaway with the family during the summer off the beaten path with our kids. Looking for pointers

@HarbzTommy Is everyone just accepting Burrell gets sold?

Let me see this attack next season 😮‍💨 (Can swap Dembele with Poku if Poku finds his feet) #QPR

@FrankieR_27 @Brett_qpr Dunne is verifiably proven at the Championship level now with two solid seasons under his belt and could be a top valued defender… on top proven at CB and RB to add versatility

@Brett_qpr After 2 seasons on the sideline chair cannot be worth much now, 42 apps in the last 2 years out of a possible 96 isn’t great going and clubs will pick up. Dunne yeah fair enough maybe a bit more

How much do you personally think these players in our squad are ACTUALLY worth? Putting my guess next to it. #QPR Burrell - 8.5m Kone - 8m Madsen - 7.5m Edwards - 6m Morgan - 5m Varane - 5m Kolli - 5m Dunne - 4m Vale - 3m Chair - 2.5m JCS - 1.5m Smyth - 1m

This is the problem between pragmatism and theoretical decentralization… you can make added layers in the name of decentralization, but really empowering people through a singular process is usually enough. The flash pan name of decentralized governance is more for talking points than actually running anything and very much agree with you

@InputEndorsers Avoiding and reducing bureaucratic layers is the obvious solution. Every new layer or committee moves decision making further from the work. It's OK to organize. We should. However, those organizations should not be injected into the critical path. They're orthogonal.

DReps... did we just get busted?

Interesting to see the FBI go after the soldier who bet on Polymarket about Maduro to a gain of $400K justice.gov/opa/pr/us-sold…

the most anticipated podcast to date is out now with @metaproph3t from @MetaDAOProject i didnt take it easy and asked the most burning questions i could think of 🔥 go watch!!!

@binji_x @markoinether has the insights w/ @Tapir_Protocol x.com/Tapir_Protocol…

who is best account to follow for the latest on the current defi situation?

@nnnnicholas you pretty much out of crypto these days? Loved listening to galaxy brains back in the day

Really good stuff from @Tapir_Protocol and an explanation regarding the whole @KelpDAO fiasco…

I see a lot of hustle porn and romanticization on the timeline about becoming a successful founder. The reality is much less glamorous, especially in crypto. For months (sometimes years) your startups' X posts get almost no engagement. You cold-DM hundreds of potential users, partners, and investors with no response. Competition is everywhere. It’s just you, maybe a cofounder, your laptop, and Claude grinding day after day. But then small signals start to break through. The first retweet. The first thoughtful reply. A user who actually sticks. Competitors begin to fade. Convincing someone talented to join you full-time. These moments are rare, yet matter disproportionately. You hold onto them and they become fuel. A huge part of becoming a successful founder is simply enduring long stretches of ambiguity, rejection, and silence until you find even a hint of PMF. And when you do, it doesn’t get easier. You just earn the right to solve bigger, more complex problems. This life isn’t for everyone. It’s uncertain, isolating, and often thankless. However, builders who persist and survive in the arena long enough do have a chance at creating a product that makes a meaningful impact. If that is calling you, then join @Colosseum's hackathon. If you end up winning, we may invest to provide that first gallon of fuel.

Dear all, thanks to @USCMigs we now have 0.13.0 with PIBD headers sync with ツ node. It is a big step towards functional node written in Python. The tests are based on mocked data but @USCMigs also implemented script that can be run to test headers sync with actual ツ node. I did run it and test passed. Big contratulations and amazing work! github.com/grinventions/m… You can install it with ```sh pip install mimblewimble==0.13.0 ``` Cheers!

@adamdelphantom check out @nunchuk_io pretty interesting agent/wallet combo

Who has the best open claw trading setup?

@SenThomTillis is drafting an amendment to the Clarity Act specifically to resolve whether crypto firms can offer yield on stablecoin holdings. The fight: banks want stablecoins treated as deposits, meaning yield-bearing stablecoins would require a banking charter. Crypto platforms want the ability to pass through returns without that overhead. The amendment is an attempt to draw a line between the two without killing either model. The specific mechanism matters here. There's a difference between a stablecoin issuer paying yield directly (which starts to look like a deposit product) and a protocol routing idle stablecoin balances into an on-chain money market—Aave, Morpho, Compound—where the yield comes from overcollateralized lending activity, not the issuer's balance sheet. Those are not the same thing economically or legally, and how the Tillis language handles that distinction will determine what's actually permissible. If the amendment draws the line at the issuer level and leaves on-chain yield routing untouched, that's a workable outcome. If it sweeps broadly and treats any yield-adjacent stablecoin activity as a deposit function, that's a different statute entirely, and it reshapes what retail DeFi platforms can legally offer. The Clarity Act framing usually focuses on the securities/commodity classification split. This is the other load-bearing question in the bill. theblock.co/post/397314/th…

Also in DeFi I think pairs and most other things should be defaulted with a stablecoin or something that can retain value. You have ₳ inflation paired with sell pressure from any gains you might make, having to revert back to ₳ to sell for the profits… launchpads, DeFi, swaps should try and build a strong stable pairing to minimize the velocity on ₳ in general

@USCMigs @InputEndorsers @__fallen_icarus For sure. But the opportunity cost of doing anything else with ADA in DeFi also comes with inflation from emissions, so I think it more or less cancels out. IMHO the minimum bar for DeFi is keeping my staking/voting rights on ADA while I participate in DeFi.

Not sure I liked this roundtable. Ignoring retail is a huge mistake and frankly offensive to the #Cardano community. Bitcoin didn’t go from nothing to institutional adoption. Neither did Ethereum. They both had robust retail adoption before institutions even considered adopting.

Agree you design the mechanisms to drive behavior, the governance connection is a poor one that drives centralization risks with wallet providers and usually first people interactions on how to stake. It should just be removed imho and let those who want to participate participate… kinda hard to unwind now but yeah

@USCMigs @InputEndorsers @__fallen_icarus Also agree with your points about governance and I think there's a lot we can do to improve it. What we have now is still MVG.

You do know staking isn’t really a risk free yield from an investment point of view. It’s just inflation from emissions. There are some good academic papers (I’ll try and find them) about when ETH moved to PoS, that describe how coupled with their burn emissions (EIP-1559) and on chain usage they tried to minimize the impact to non stakers (ie people who don’t actively stake their coins or have their coins tied up in other things/protocols). If you think about it staking to get those rewards is a requirement for you to maintain the “real” value of your coins, since economically you coins get devalued over time. I think one of the biggest problems with staking now if how it’s connected to making a governance stance. Most people don’t care and then you get dReps or super PAC-like groups like Yoroi that not by their work or interest of others get a much bigger participatory position on governance. Likely to their own self interest and not necessarily to the broader community. I actually truly believe non native staking drives better behaviors, since you have to make the choice to stake your coins for the rewards and provide security and it creates more active roles with LSTs to allow DeFi users to collect yield via the LSTs and not rely on the dapp to bridge in the staking rewards to the user through their own protocol. It just drives people to act on chain, make decisions and not provides easy layups for governance capture since it’s a requirement

@__fallen_icarus Same. Problem is I don't really want exposure to memecoins, Impermanent Loss, poor capital efficiency, hyperinflationary governance/DAO tokens, or risky speculative loans. Which rules out basically everything we have. Especially compared to the risk-free rate of staking ADA.