JP

Getting excited for the @StationWallet launch on Monday. Ever wanted a Dashboard you can design to see the assets that matter to you? Just the start and so much more to come! It will not be perfect on launch but we love building with users. Feedback = better product $LUNC $VULT

Every living being is conscious Just with a different fidelity of experience There is no threshold to consciousness.

@PaulineHansonOz @au_energy_prod Did she actually say “red green or black tape” 🤣

Today I announced One Nation's policy to get Australians a better return on the Commonwealth's gas and oil, our natural resources at @au_energy_prod We want more gas extracted and more money given back to Australian's future wealth. One Nation would partner with the oil and gas industry rather than treating it as an enemy, with the aim of increasing exploration, development and production of oil and gas Under the policy, the party would introduce a 30 per cent rebate for genuine oil and gas exploration in Commonwealth waters, while giving the Commonwealth Government the option to take up to a 30 per cent equity stake in any production licence. This would mean real ownership of Australia's natural resources by the Australian people. Rather than acquiring ownership by force, the government would pay its share of costs as a joint venture partner and receive a corresponding share of production. To manage these interests, One Nation would establish a special investment vehicle called the Australian National Wealth Investment Corporation (ANWIC), which would hold the government’s resource stakes and be tasked with making decisions for the greatest benefit of Australians. Government would receive their proportion of oil and gas which could then be directed to the domestic market, used to support critical industries such as fertiliser, energy and smelting, or sold into export markets to help reduce government debt. ANWIC would be overseen by a board made up of people with proven oil and gas industry experience, rather than career bureaucrats, and the Commonwealth would remain a non-operating partner while private-sector experts continued to run projects. The policy would also allow ANWIC to invest in existing projects, but only on commercial, arm’s-length terms, with the government paying its way as in investment rather than taking over projects. In return, the Commonwealth could choose to receive either its share of profits or physical gas supply, giving it the flexibility to support domestic manufacturing when needed or benefit from selling at high international prices. One Nation argues this approach is even better than a domestic gas reservation policy, which can be blunt and inefficient. We also reject proposals for a 25 per cent gas export tax, because this measure is purposely designed to kill the gas industry. Alongside these structural changes, One Nation would cut “red, green and black tape” to speed up project development and set a target of deciding on projects within six months. We would abolish net-zero policies and the Safeguard Mechanism, while also having government help fund gas exploration. In taxation, the party would replace the failed Petroleum Resource Rent Tax (PRRT) for offshore gas with a simpler Commonwealth royalty based on wellhead values. This new royalty system would apply only to future projects, with existing PRRT arrangements grandfathered. Overall, One Nation's policy is designed to deliver greater returns to Australians, encourage oil and gas production, strengthen fuel security, lower power prices, reduce government debt and give Australians real ownership of our natural resources.

Here u go

PR to add FROST (Schnorr) for BTC. Tested, all works, needs review etc Handing over to the community! gitlab.com/thorchain/thor…

@absolutespectre Wealthy people consume more

@jpthor so people who only have money to buy consumer goods like food clothing shelter will be taxed 30% but those who have relatively more money control production and hence accumulate more wealth and assets and hence get an overall lower tax bill?

All taxes on productivity should be eliminated. All taxes on consumption should be increased. Productivity benefits everyone. Consumption benefits the consumer. Income taxes, business taxes etc -> 0% VAT/GST/CGT -> flat 30% People with wealth consume more, will pay higher tax. Consumption is a choice. Tax the consumers, not the producers.

Tend to agree. If there was one company that you could own to have a share in the future AI explosion it would be SpaceX.

It was obvious from the Dwarkesh podcast with Dario that Dario had completely under-allocated on compute 😅 He spent a tonne of time pontificating about “not going bankrupt on investing into too much compute” Whereas Elon just said “we are gonna need a lot of compute” and went all-in.

我准备了500万美元的门罗币 同时还在准备500万美元的rune 在 @THORChain 上架门罗币后 我再去里面搭建价值1000万美元的流动池 因为他们流动池都要1：1的 rune 所以最近我一直在陆续抄底购买rune以满足流动池要求

work going well, currently validated all "blame" cases for FROST. TC has to identify and blame offending nodes in both keygen and keysign because it lives in an adversarial env. PR soon

@0xdef1cafe Verification loop is slower as well. We can try and simulate the env, but it needs a physical manifestation to truly validate. Also all our simulated models aren’t actually real, they’re just simulations, eg 3D Navier Stokes.

yeah - cad is way off. i could be wrong here, but it feels like it has a way higher moat too. with code, a working description of a system is the code, the prompt is just a different representation. with cad, that description is certainly harder. i feel less productive now in 2026 with cad that i did in late 2000s with custom written autolisp scripts for common profile designs.

The first order for business for AGI is shipping god-tier code. For a machine to truly reach high-order intelligence it needs to be able to program itself. The second order of business is shipping god-tier CAD. For a machine to reach high-order agency it needs to be able to build itself. We haven’t even scratched the surface of CAD-gen. Exceptionally good physics-chemistry-science understanding with elite-level shaperotator skills. The next unicorn app-harness-LLM combo is “Cursor for CAD”. I’ve played around with onshape-fusion AI tools but the best they can do is doc search. Give me “design a 10kg class micro turbine with validated FEA and CFD, and the production process for 1000hr TBO, make no mistakes” The last order of business is connecting that to a factory floor of robots.

@farzyness Try *$2.00 per day. 20c / kWh - 10kwh per day. Robotic labour is going to nuke the labour market at the same time as send the economy. Going to be weird.

Humanoid Robots will be able to do this task for ~$2 per hour by the end of the decade.

TSS ECDSA is a brittle signature scheme. My mental model is GG20 has many brittle assumptions. You can keep patching it but it will forever be a bit of a black box. DKLS23 has far fewer, so is “safer”. However Schnorr has even less. Since I had the entire testing and dev harness spooled up, shortly I’m going to open up a PR that adds FROST for BTC on thorchain. It uses the latest ZCASH FROST-rs engine. Go-bindings wrap it in Thorchain (static code assuming the FROST-core API doesn’t change) My suggestion is 1) Patch GG20 get TC back online. 2) Then migrate all ECDSA protocols on TC to DKLS 3) Then migrate BTC to FROST. The signing engines are <5mb compiled binaries and are plug and play to TC.

So we can now truly appreciate redundancy. And we mean redundancy in every sense of the word: for cross-chain, for our validators, and for the broader DeFi ecosystem. When a closely related codebase experiences a vulnerability, a precautionary halt is a vital feature. It’s like locking the blast doors. It gives devs the critical time needed to analyze the exploit and ensure Maya is safe from the same attack vector. 🛡️ Here is why this multi-layered redundancy is our absolute best defense: 1⃣ System redundancy: Built-in emergency brakes. Nodes collectively agreeing to halt prevents catastrophic loss. We never rely purely on perfect code, we have a mechanical backup. 2⃣ Validator redundancy: Distributing power across a wide network of independent nodes ensures that no single bad actor or single point of failure can compromise the network's consensus. 3⃣ Ecosystem redundancy: Maya Protocol existing alongside THORChain is vital. If one DeFi highway is temporarily closed for repairs, having an alternative route ensures that native cross-chain swaps can eventually continue. Security is never "finished", it is an ongoing process of learning, adapting, and reinforcing. We are monitoring the data and will only resume operations when we are 100% confident. Thank you for trusting the process. We build stronger together, tribe. 💪

I've opened a PR to add DKLS23 to TC. Tested extensively up to 28node clusters and found no issues. Up to TC community to take this on further, if they wish. After working with @silencelabs_sl for over 18months, they are an extremely capable team with great support and on-deck crypto experts.

@BooneW @bax1337 Correct Anyone can contribute

@bax1337 JP is not THORChain

Rational people: "we need proper audits and a generous bug bounty program" Thorchain: Let's go closed source to everybody except the exact people who failed to secure the code last time. Sorry to burst the bubble of all the suckers who thought Thorchain was decentralized.

seems like a true GG20 0-day if so, we're in the age of AI-breaking-crypto and the risk matrix has changed my personal opinion is the GG20 class of protocols have too many foot-guns and should be abandoned to a modern TSS scheme, that is actively maintained by an active crypto team. for the first time ever, perhaps the community should also consider a closed source TSS implementation, so that at least defenders stay one step ahead of the attackers. A closed source TSS engine can be verified and validated by the security team + dev team + large node operators who are aligned with the network. Open to ideas.

wow that's a big improvement. DKLS vs GG20 in a 20 node cluster