from the inside looking out

I despise "compliance" mechanisms built into ZCash and Tornado. I think they fly in the face of the claim that "Privacy is Normal". It is akin to requiring everyone setup cameras inside their house if they want curtains, so they can prove they didn't commit a crime if asked.

ITT: startup founder tries to understand how public networks function but unfortunately can only see the world through his startup lenses

I don’t have a ticket to zk proof so I just picked up Justin drake’s badge from the unguarded checkin table, it’s not like they will stop the real Justin Drake when he walks in, so that’s what they call a positive sum tradeoff

Feels like pooled lending protocols would benefit from a rate limit on the supply of an asset being deposited for collateral Like, if the current supply is 100m and the supply cap is 300m, the supply should only be allowed to go to 110m in the next 10 minutes. Nobody needs to deposit all 200m in one shot This matters because if/when an exotic asset is hacked, the impact of the hack is constrained by the size of the exit paths for that asset. Especially when you consider that many hacks are infinite mint bugs… there the size of the exits literally determines the size of the hack. Lending protocols are often the largest exits (DEX liquidity is usually pretty small). Having a “smart cap” that is a bit above current supply, which can adjust over a few hours to the true cap, would make a huge difference. It would have saved rsETH depositors $200m today This also raises an interesting point: asset issuers should want this too. If you are an asset issuer who issues receipt tokens which have a redemption delay, then you actually aren’t worried about a hacker redeeming with you. But you need possible exits to be as small as possible while not impeding normal users. High supply caps need to be seen as a liability, rather than a sign of stature.

"don't launch a token until you have PMF" is the biggest lie in crypto, said by founders sitting on VC runway. facebook started in a dorm room. craigslist was a side project. wordpress was two guys. tokens are crypto's bootstrap. stop gatekeeping who can launch a token.

Tempo Mainnet is live! Starting today, anyone can build on Tempo through our public RPC endpoints. Alongside mainnet, we’re introducing the Machine Payments Protocol, an open standard for machine payments.

Tempo Mainnet is live! Starting today, anyone can build on Tempo through our public RPC endpoints. Alongside mainnet, we’re introducing the Machine Payments Protocol, an open standard for machine payments.