Layer 23

Today, the computational logic behind every app you use, even crypto apps, still travels through the same three companies’ servers. 🏢🏢🏢 Any time you send or receive data or assets online, it passes through their machines! Trac now provides an alternative. By downloading a Trac app, you take custody of the app logic yourself, so you no longer depend on anyone’s servers. Transact instantly with anyone p2p with no permission, no censorship, and no surveillance. ❌ Online interactions finally work the way real-life interactions do, person-to-person. 🤝 $TNK is here

When you scroll through X these days, beyond the usual crypto-panic, you start noticing something else - a kind of quiet resignation and inertia. A collective “whatever happens, happens.”⬇️ Same with the hashrate drop. “It’s just evolution, don’t interfere. The market will sort everything out.” “Miners migrating to AI? - No big deal.” “Fewer independent miners? - They weren’t moving the needle anyway. - Real decentralisation is about geography, not small miners.” “51% attack? - Who would even do that?” “Miners selling BTC because AI is more profitable? - We’ll sit through a year of bear market, everything will fix itself.” “And when you remind them that Michael Saylor’s fund is now a systemic factor -one that could trigger a domino-style panic sell if the price collapses hard? - Highly unlikely!” You can’t break through🤯 I’m mainly talking about the thought leaders who fundamentally don’t believe the security budget problem even exists. These people don’t change their minds easily. It’s a fixed worldview supported by a loyal audience. You’re not going to move that structure. But even they can’t deny that the $NAT concept improves outcomes under any negative scenario for Bitcoin. It softens shocks, reduces volatility, and makes the transition into a “new economic reality” smoother and less disruptive. p.s. This post was written as a narrative specifically for those in the Bitcoin community who refuse to acknowledge the scale of the security-budget issue. Deliberately shifting the framing away from “$NAT as a fundamental fix” toward an adaptation model - one where $NAT makes the inevitable transition far less destructive.

>be cloudflare >founded by a group of 3 developers >core idea of cloudflare came from a project named "project honey pot" >built to protect sites from ddos attacks >launched on 2010 >users experienced 30% faster loading of sites using cloudflare >raised $330m in multiple pre ipo rounds from major vcs like franklin templeton >went public on newyork stock exchange on september 2019 with the ticker net >raised billions of dollars in post ico rounds in 2021 >cloudflare experienced 2 outages this year >june month outage affected workers caused by a third party vendor >today's outage affecting x, spotify, chatgpt >many crypto apps are also down >decentralization is a myth >who's building cloudflare but for crypto?

crypto without cloudflare who’s building this?

When ppl claim this I always wonder how they think it happens, or have unrealistic expectations on how much $1bn actually is. I joined crypto with $200. If I held my initial bitcoin since then and never traded, I would have ~$300k. If, instead, from that moment I sold the top and bought the bottom of every crypto cycle on Bitcoin, and never paid any taxes, I would have ~$6m USD. If I put my entire net worth into the Ethereum ICO and never touched it, today I would have ~$150m pre-tax. While it was definitely possible to have made >$1bn with the opportunities in the market, these versions of reality would also require me to make no mistakes, and have no need to spend $ in real life, or take excessive risk via leverage. In reality, I grew up in a working class family. I didn’t have a trust fund and I had to pay off my student loan myself. I had a job at Tescos while at high school. After university, I needed to pay rent and fund cost of living and eventually buy a place to live. I worked at startups for relatively little $ salary, and while a couple have done okay, they still are illiquid and worth nothing until some exit. Perhaps if I erase a couple of dumb mistakes and drawdowns, or if I had a lil more grind, then my answer would be different today. But it is easy to say this with perfect hindsight vision. It’s easy to see where you could have optimised better, and decisions you made look dumb when the past makes things so obvious. The truth is I have always optimised for enjoying my life and not going to 0. I never felt like I had a safety net, so it was never possible for me to do anything in any other way. I would probably have less money if I had tried to add more risk or chased $ harder, because being all-in with your entire livelihood is a mental battle and I feel I only win that battle when the stakes are lower. In writing this, maybe I do understand why CT folks believe this, because modern CT sees crypto as a late-stage lottery ticket farm, where the optimal strategy is to 5x leverage up your portfolio in a hope of catching a good 20% move and then leaving. Or, literally going all-in on the next coin they heard Ansem is buying. So perhaps to them, looking back at the charts, of course that’s what successful folks did. In reality, I use leverage close to never (and typically to reduce risk rather than add risk — have used it to add risk maybe 3 times in the last 5 years, and maybe 15 times ever). I never go all-in on anything, have only ever done that on BTC and ETH before in the last decade. When I buy other things, I limit risk to tiny amounts, because I treat it as a 0 until proven otherwise (so, always <1% liquid portfolio). Liquid portfolio is also a smaller % of overall portfolio to future-proof against my own fuckups. Obviously I made a lot of money, I have been here 12 years! CT doesn’t want to hear about “getting rich in a decade” though. I am happy with where I am and have never really cared or optimised for maximising $ earnings, but instead having a nice life that lets me enjoy the game we play together.