wet
555 posts
I know it's cliche, but I really believe we are witnessing the biggest washout of unfaithfuls in bitcoin's history.
We had the president of the United States pump our bags. You really can't have a follow up act surpass that level of hype.
The LamboMoonbois, suitcoiners, VCs, CAGR bros, "InItForTheTech" bros, they are all getting bored, demoralized, or leaving for the next shiny thing (AI).
The ones left will be those with reasonable expectations for what bitcoin can, and what bitcoin can't do for them.
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wet retweetledi
we need to free the mind from the biological cage
Beff (e/acc)@beffjezos
we need 10,000x more AI doing bio/acc research
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So it looks like we’re going to have happen what I’ve been saying for years
Btc 📈
BtcD 📉
Meaning alts will explode
Clarity act looks like it’s getting signed any day but sometime April
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wet retweetledi
Traditional Bitcoin development fallacy.
“… the dev should.. the devs must..”
Be quite!
You are the dev.
Step up.
Build a team.
Research.
Implement solutions.
Propose to people running a node.
Simple. But don’t blame. Is OSS!
nic carter@nic_carter
it's not a cherry picked list, I'm being as comprehensive as humanly possible and I lay out my criteria in the article. obviously it's subjective but I did the best I could based on my knowledge and 10 years following this space full time. I'm not going to accept a situation where you have to call up a dev to get their perspective on a critical matter, nor is that practical for me or anyone else. they should freely share this with the public or recuse themselves entirely. there are a trillion dollars at stake. you can't accept the responsibility of stewarding a protocol while keeping your views on the most important technical debate private. barring public statements on the mailing list or on here, i will continue to assume the vast majority of these people are not concerned, and act accordingly.
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Larry Page and Sergey Brin also have btc.. Think about it.
Jonas Schnelli@_jonasschnelli_
Going from ~1,000 noisy qubits to 500k fault-tolerant ones by 2029 isn’t just a "roadmap",… it’s a **physical miracle** or a massive bluff.
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wet retweetledi
As long as people are writing papers about QC breaking cryptography (a problem that has almost no revenue story, and that is functionally “solved” with alternative algorithms) instead of exciting new applications, this is a strong signal that QC investment has a limit.
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@notgrubles @adam3us @Shireh0dl People just need to understand that Bitcoin's code can't be maintained by one person, as is the case with Knots.
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I ran Knots numerous times over the years. I've reported more crash reports than 99.9% of people. The Knots code is trash, and its supporters are trash. All you have is weak baseless conspiracy theories that only other idiots would believe. Failing that, just calling people pedos. You're the most weak delicate flower group I've ever encountered in Bitcoin.
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@koeppelmann Great, but while reading the tweet, there was a buzz in my head that this idea had already been implemented by someone before.
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Not sure I have ever been as productive in my life as in the last ~10 weeks:
An extremely challenging yet worthwhile goal.
The crazy progress of AI coding and heavy use of it.
A very small team, world-class skills, and now the ability to multiply output thanks to AI.
The result is @etheconomiczone — with a live devnet already: eez.dev.
What is this? It will be:
a) A new rollup that is fully composable with Ethereum.
This means you can do either cheap transactions on this chain that only interact with contracts on this rollup, or more expensive transactions (similar to L1 costs) that can interact in a fully composable way between L1 and L2. So, for example, if you trade on this rollup, the routing can dynamically decide to use only L2 liquidity for a small trade, or for a larger trade — where the extra gas costs are worth it — to use both L2 and L1 liquidity.
b) A whole framework that will allow new rollups, as well as existing L2s and sidechains (yes @gnosischain!!) to integrate into this “(Ethereum) economic zone.”
Imagine: one could make a trade today simultaneously using Ethereum liquidity, but also Arbitrum, Base, or all the other L2s. This is what EEZ will allow.
Now, let’s talk about the tech:
Essentially, there are two core concepts that make all of this possible:
1) Proxy contracts
2) Real-time proving
1) Proxy contracts are basically a way to overcome the challenge that ~99% of all contracts are written in a way that only deals with addresses from a single chain. For example, a token or an NFT can be sent to an address, but not to an address on a specific other chain. Proxy contracts fix this.
An address “A” on chain “n” will get a deterministic proxy representation, “A*”, on all other chains. So now, if, for example, A is a DAO on Ethereum and it should control, say, a fee switch in contract D (a DEX) on another chain, this can easily be done by setting A* as the owner of D. A (the DAO), on the other hand, can now call D* (the proxy representation of the DEX contract D) on Ethereum. All the cross-chain message passing in between is abstracted away — the contracts just call another contract and do not realize it is actually on another chain.
2) Real-time proving
The proxy design already addresses the problem that there is no widely supported cross-chain message-passing standard in EVM land. So it alone would already be helpful for asynchronous calls, or better, calls that do not expect or require a return value. However, this would still not quite bring us to “synchronous composability.”
Imagine a DEX trade: you do the first part of the trade on L1 and the second part on L2. You want to know the result of the second part — and if it did not get you the expected amount, you want to be able to revert the first part. This requires the call that triggers the DEX trade on L2 to have a return value.
This was long assumed to be impossible - but with real-time proving, it no longer is. Basically, because Ethereum blocks are only produced every 12 seconds (and this would still work with, say, 6 seconds), that is now long enough to build and prove the L2 block that contains, for example, this L1→L2 DEX trade.
If you want to learn more, don’t miss the talk by @tw_tter and @jbaylina on Tuesday at @EthCC!
Let’s make Ethereum ONE again!
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TOM LEE JUST SAID THE #BITCOIN AND CRYPTO BEAR MARKET WILL BE OVER “BY APRIL AT THE LATEST”
HE’S CALLING FOR $250,000
BTC BREAKOUT IS COMING 🚀
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wet retweetledi
AI employment doomerism is rooted in the socialist fallacy of lump of labor. It is wrong now for the same reason it’s always been wrong. More people really should try to learn about this. The AI will teach you about it if you ask!
(Hinton is a socialist. youtube.com/shorts/R-b8RR6…)
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Stephen Pimentel@StephenPiment
It’s easy to dunk on Geoffrey Hinton for his 2016 declaration that it was “completely obvious” that radiologists would have no jobs within 5 years, while in fact, the number of radiologists has grown. But this prediction was more than a simple mistake. It’s a synedoche for the entire discourse of AI timelines and doom.
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wet retweetledi
