Harsha Goli

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Harsha Goli

Harsha Goli

@arshbot

Unify bank and wallet at @magnolia_rails. Ex @fold, @lightning among others. Follow for regulatory crypto insights. Backed by @TimDraper and @boostvc

NYC 🗽 参加日 Ağustos 2013
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Harsha Goli
Harsha Goli@arshbot·
After over a year of building, I’m pleased to announce Magnolia is shipping. Now you can: - have subscription to btc in app - stablecoins/fiat disbursements - auto-loan top-ups - noncustodial lightning onramp In every state, even NY, FL, CA, and TX
Magnolia@magnolia_rails

Today, we're launching the best way integrate wallets into tradfi Create a full bank account with direct access to btc, and stablecoins on all major networks. API only. Available in every US state. Reach out directly, or try it now at magnolia.financial

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Harsha Goli
Harsha Goli@arshbot·
There are SO MANY “ai native” compliance companies out there that just… Aren’t? I as a founder have to ask “you have a dot ai domain, and say ai everywhere. What about this is ai?” How infuriating. I have better things to do than make sure I’m not abt to be enterprise scammed
erin griffith@eringriffith

A detailed and brutal look at the tactics of buzzy AI compliance startup Delve "Delve built a machine designed to make clients complicit without their knowledge, to manufacture plausible deniability while producing exactly the opposite." substack.com/home/post/p-19…

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Harsha Goli
Harsha Goli@arshbot·
if this can unify all my disparate messaging platforms well and integrate with claude code, i'll sign an enterprise contract
harpriya@harpriiya

I can finally talk about this!! Hotbox is backed by @a16z @speedrun :) I spent the last 14 months in Korea and now I’m back in SF, where it all began. My entire career exists because of social media. From early NeurIPS papers, to working on ranking algorithms, and then building viral playbooks for startups. The thing I kept coming back to is: every company has no choice but to become a media company. To distribute. To get attention. That is the next generation of entrepreneur’s biggest challenge. That’s the next single person unicorn’s moat. Hotbox is built for that next gen entrepreneur. Businesses run entirely on social now. Hotbox is the sales infra for the social economy. more to come. sign up on our waitlist & lmk if you’ll be at the a16z speedrun demo day 🤫

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Harsha Goli
Harsha Goli@arshbot·
Literally every @delta flight has upgraded me from cushy window seat to comfort+ middle seat. How do I end the nightmare. I don’t want to upgrade It’s been months
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Kilian Rausch
Kilian Rausch@kilrau·
Big shout-out to the teams behind @USDT0_to and @tBTC_project 🙌 You are providing essential infrastructure that makes non-custodial Bitcoin ↔ stablecoin flows possible in the first place 🙏
Boltz - Non-Custodial Bitcoin Bridge@Boltzhq

We shipped a lil something today: USDT Swaps ⚡💵 Lightning ↔ USDT. No custody. No accounts. No KYC. Move from sats to stablecoins in seconds, across a growing number of networks. 👉 beta.boltz.exchange 👈 Read the full announcement: blog.boltz.exchange/p/introducing-…

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Harsha Goli
Harsha Goli@arshbot·
@brian_trollz don’t tell me you’re going to start using (dish) soap now that unbitcoin of you
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Shinobi
Shinobi@brian_trollz·
I'm sorry to let so many Bitcoiners down, to betray Bitcoin so fucking deeply at a core philosophical level, to turn my back on this entire community in the most hurtful way possible... I'm replacing my cast-iron with Hexclad.
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Harsha Goli
Harsha Goli@arshbot·
.@Truthcoin's top funnel for raising,and business is twitter screeching about lightning failure it's okay, i do it too i just screech about banks
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U.S. Securities and Exchange Commission
INVESTOR ALERT 🚨: Investors should never rely solely on information from group chats in making investment decisions. Be wary of any group chat where you receive investment advice from someone you don’t know – this is often how scams begin. ow.ly/upFW50Ytysa
U.S. Securities and Exchange Commission tweet media
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Harsha Goli
Harsha Goli@arshbot·
building confidence is just as important as building tech. look at snapchat or bumble. Both are decent consumer apps with strong financials, but have toilet narratives strongly in part to an initial poor ipo reception. that initial dive on the ipo is all I think about for those companies
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Pledditor
Pledditor@Pledditor·
@LamboWhale I just think broadly, real builders are incentivized to take the going rate of capital. Builders want to scale and execute quickly. Not sit on their hands and wait around for the perfect bull market top. That's mostly the concerns of the value extractors (aka the cap table).
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Paul Sztorc
Paul Sztorc@Truthcoin·
The dirtiest secret in BTC: Most lightning companies just keep all your money for themselves, at all times Then, they show you a bunch of fake LN invoices, that are never actually used Most people can't tell This tricks people into thinking LN works -- because they "used it" You won't notice, until it is time to withdraw your money (to a real crypto wallet, not controlled by them)
Paul Sztorc@Truthcoin

== The Lightning Dupes == Of those who say: "I used Lightning, it worked for me" , At least 95% of them are being conned (probably 99%). They have no idea what "custodial" means -- they are victims of a fraud. Which they then unwittingly repeat. It was the same with Theranos. This blood company brought visitors in, and had them "use" their blood test machine. Then, while the machine was "working" the visitors were giving a tour of the lab... ...as soon as those visitors were out of the room, Theranos techs came in, took their blood samples back out of the Theranos machine, diluted it, and did the tests on old, traditional Siemens devices. They printed these results and made them appear as if they had come from the Theranos machine. Visitors got these results. Then, having been scammed, they told their friends: "i uSeD tHe DeViCe MySelF ! i'Ve SeEn iT wOrK!" This included George Shultz, former secretary of state -- his own grandson, Tyler Shultz, worked at Theranos and knew about the deception. But his grandfather refused to listen, saying: "I used it myself" If you are being conned, it doesn't matter that you "used something yourself". You are just a Dupe

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Harsha Goli
Harsha Goli@arshbot·
- BaaS platform - Banking - DLC Oracles - Payments Gateways Each of these cost $$$/mo, but they all come neatly integrated into one api with @joinMagnolia It's allowed to be simple.
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Harsha Goli
Harsha Goli@arshbot·
In a traditional bitcoin loan, you're trusting the custodian to decide when to liquidate you. In a DLC bitcoin loan, multiple oracles are in a mexican standoff to make sure nobody fucks around and finds out. Magnolia is proud to run one of Bitcoin's biggest oracles.
Harsha Goli tweet media
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Sheel Mohnot
Sheel Mohnot@pitdesi·
Oh boy I'm SO happy you asked, this is a fun one for me. US restaurants have a lot more terminals at the table than they did before, but the US is still behind Europe for two reasons. The main one is Europe had chip and PIN cards 30+ years ago (the E in EMV is Europay), while the US got chip cards way later and never required a PIN so you don't need a tableside terminal. 2nd thing is tips- in the US, cards are authorized for the pre-tip amount, then the final amount is adjusted later after you write the tip on the receipt vs one amount that includes the tip like in Europe. Ok - now WHY did Europe implement chip and pin: Europe was an easy vector for credit card fraud in the magstripe era... People would copy mag stripes to blank cards and use them. Europe was more likely to do offline batch processing than connected processing like in the US, so you could getaway with a decent amount of fraud. A lot of fraud detection was done country by country but you could easily hop across a border and nobody batted an eye with a foreign card (like would have been the case in the US back then) So Europe rolled out chip and PIN. The chip made cards harder to clone, and the PIN meant you had to bring the terminal to the customer. They also marketed to never let a card out of your sight, so waiters would never walk away with it to write down the number. In the US, we didn't shift fraud liability to merchants until 10 years ago, so chips weren't really used until then... and even then, it was chip and signature, not PIN, so servers kept walking away with your card and coming back for your tip and sig. Apple Pay is finally changing this. It's VERY irritating to get up and tap your phone at a server station 50 feet away. So we're getting more tableside terminals now, but they are for convenience, not security. Re emails: because the US upgraded terminals more recently, we have better systems there, and in Europe you are more likely to have a terminal from your bank than from your POS. In the US, the POS and payment terminals are generally integrated, and they want your email for marketing and loyalty programs!
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Bitcoin Optech
Bitcoin Optech@bitcoinoptech·
Jonathan Harvey-Buschel (@jonhbit) joined Optech to discuss Newsletter #396: News ● Collision-resistant hash function for Bitcoin Script (0:30) ● Continued discussion of Gossip Observer traffic analysis tool (8:58) Releases and release candidates ● BDK wallet 3.0.0-rc.1 (28:04) Notable code and documentation changes ● Bitcoin Core #26988 (30:39) ● Bitcoin Core #34692 (32:22) ● LDK #4304 (33:21) ● LDK #4416 (35:41) ● LND #10089 (38:01) ● Libsecp256k1 #1777 (39:46) ● BIPs #2047 (42:39) ● BOLTs #1316 (46:42) ● BOLTs #1312 (47:26)
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Katie
Katie@katiekirsch·
if you're in SF (or NYC) and really good at: - sourcing early-stage founders that are building the next big thing - running founder dinners, fellowships, & retreats - managing data & ops of network-building & scaling ideally with 3+ years of experience in a CoS, investing, or VC ops role... i'd love to chat with you about an opportunity 👀
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TFTC
TFTC@TFTC21·
The CFTC just told self-custodial wallet developers they don't need to register as brokers. Phantom Wallet received a no-action letter stating the CFTC will not pursue enforcement against self-custodial wallet developers who connect users to regulated trading venues, as long as they don't custody user funds. First time the agency has formally drawn that line. Here's why this is massive: Under existing U.S. law, any entity that solicits or facilitates derivatives trading typically must register as an introducing broker with the CFTC. That rule was written for traditional finance intermediaries. But as self-custodial wallets started integrating access to derivatives markets, developers faced a legal gray area that could have classified them as unregistered brokers simply for writing software. The CFTC's position was, if your wallet software connects users to properly registered futures commission merchants, introducing brokers, or designated contract markets, and you don't custody user funds, you are not a broker. You're a software provider. The timing is not coincidental. One week ago, CFTC Chairman Mike Selig said at FIA's Boca Raton conference, "For too long, there has been an open question as to whether software providers trigger the CFTC's registration requirements. We intend to address this question head-on." Seven days later, they did. This matters far beyond Phantom. Every self-custodial wallet developer and every open-source protocol interface that connects users to regulated markets now has a reference point. Write software, don't custody funds, route through registered intermediaries, and the CFTC will not come after you. For context, the previous administration used ambiguous intermediary rules as a weapon against developers. Tornado Cash developers were prosecuted. Frontends shut down preemptively. The chilling effect pushed builders offshore. This no-action letter, combined with Selig ending "the days of CFTC-SEC infighting" through Project Crypto, signals a complete reversal. The U.S. is actively trying to bring developers back.
TFTC tweet media
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eric
eric@defyneric·
who’s building the privy equivalent for neobanks? > card issuance > virtual ACH accs > yield > lending > crypto mortgages > credit cards
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