J Schobes

@MidnightCitySim Tell'em you don't work on Saturdays!

Good news, I’m still here. Bad news Boss Man said the vote wasn’t decisive enough. I have another meeting with him tomorrow. What should I tell him? 👇

@Quantumplation You are a good person Pi. Social Media can be a tough place for good people, especially X. Worked in social media most of their career, I can appreciate you wanting to take a break, and applaud you for acknowledging it is needed to reach your goals. Keep building!

I hope my life's work will be to make or contribute to a meaningful rise in the global floor and median quality of life. I believe the best way to do this is for the world to build social institutions on top of transparent, efficient, tamper proof ledgers that reduce bureaucracy, exploitation, and waste. I believe the second best way to do this is to build up access to finance, passive income, and financial literacy for as many people as possible. That's why I'm in software. That's why I'm in crypto. That's why I'm on Cardano. And that's why I've built up Sundae Labs as the software company it is. Every day, and nearly everything I do, is geared towards this. It's why my salary is substantially lower than I could make literally anywhere else, lower than the job I left, and exactly the median salary of what my team makes. It's why my net worth (excluding the completely illiquid value of my equity in Sundae Labs) has been flat or slightly declining since I started this journey. It's why I've largely soldiered through death threats and some of the most toxic hateful bile you can imagine. But spending time on Twitter, where I've often enjoyed connecting with an audience, has become a threat to that mission. It's clear that I'm not going to solve the problems I see in the world through Twitter discourse. For a long time I thought it might help: engage in good faith to share my perspectives, break down what I know so others can understand in the hopes that it contributes to their ability to navigate the technological changes that are coming, and serve as the best example I can for effective and thoughtful discourse. But instead, especially lately, it has simply become a drain on my energy and motivation. Even if I engage less, just *reading* the way we treat each other is demoralizing. Even people who I believe have good intentions can't help but contribute to a storm of negativity that is fighting to sweep us out to sea. There is a mob that is so frustrated by the state of the world and the very problems me and other builders are trying to solve that they can't help but funnel that discontent into a... miasma, directed at anything and everything around them. Somehow posts that are "just asking questions" and would, in any other environment be totally welcome, end up as weapons picked up off the bloody ground to be hurled in anger at an unintended target. Somehow close friends grow so embittered with each other they'd rather tear the thing they both believed in in half to spite the other. Somehow legitimate mistakes immediately get brandished as fraud because scorched earth total-war tactics to destroy someone we dislike become the only thing that can hold our attention, the only thing we can think to do in our ineffectiveness against a cruel and difficult world. Somehow some of the kindest and most like-minded builders have their patience ground to dust until they reach their breaking point and they lash out in ways that don't reflect who they are. We're all so fucking tense, or sick to our stomach, or caught up in the sound of our own voice, that it's impossible for us to take a beat and sort out a misunderstanding in DMs before making some public fucking tabloid accusation or insult on the timeline. And again, I don't think (would like to believe, as a fundamentally optimistic person) that most of this is in bad faith. But the medium leaves no other outcome for us. So, for me, Twitter is no longer just a waste of time, it's an active threat to my goals. It's a long drag on a cigarette taken between work calls that no longer even brings me comfort, it's just the thing I do, and it's slowly giving us all cancer. It saps my energy, ruins my mood, and makes me, on darker days, doubt whether any of this is even worth it, let alone possible. I don't want my life's work to amount to being unhappy and resentful of the people I'm trying to help (yes, even if you and I have disagreements, even if we hate each other, I want better for you too). So, I will be trying the nicotine patches yet again. Since there's no "Non Smoking" section of Twitter, I will be dramatically reducing the time I spend on here, and funneling that energy into other, more productive channels. I hope to write more for my blog, 314pool.com. Perhaps I'll get back into live-streaming some of my work on Twitch. If you want to stay in touch and we're not connected elsewhere, the best way is by email. It's just my first name at sundae.fi. (Yes, I know this isn't an airport, and I don't have to announce my departure. I considered just disappearing, as this feels a little bit melodramatic. But in the end, I wanted people to know why I've gone quiet, and how to reach me.) I hope I'm not alone in noticing this trend, especially within our community. If any of this resonates with you, it might be worth looking at what the timeline is accomplishing (or not) for you. And don't worry. Recent weeks have been harder than most, as I'm sure you've all seen on the timeline, but I'm made of tougher stuff. I'll still be here and building, and you'll still see the impact of the work that my team and I do (and boy do they have some exciting things for you soon). I just really really don't think Twitter is the right place for me to fix the problems I want to fix.

@JJCrypticCorner The $NIGHT that is part of glacier drop and Mainnet launch is a CNA, cNIGHT. Once we get deeper into Mainnet, you'll get Midnight Native $NIGHT, or mNIGHT. Then, when we get from incentivized Mainnet to decentralized Mainnet, true interoperability will take shape.

I'm so confused, is Midnight $NIGHT a Cardano Native? Or a Multi-chain L1? Why is this such a hard question to find an answer to? youtube.com/clip/UgkxFz0LQ…

@JasonAn47972838 @JJCrypticCorner It's because the $NIGHT you hold is a CNA and cannot be held in a Midnight wallet yet. Think of it as cNIGHT. Current state Midnight wallet can only hold $DUST because Midnight native $NIGHT is not available yet. That will be distinguished as mNIGHT.

@JJCrypticCorner Why does Lace tell me I have an incorrect address when I try to send Night to my Lace midnight wallet from my Lace Cardano wallet?

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@ItsDave_ADA @MicroProofs Patience. It's day 2 of the "Guarded Mainnet". Full trustless bridging will come. There is more happening behind the scenes than you know.

Additionally, @MicroProofs has since announced he is working on a trustless bridge back into Cardano, which is genuinely great news. Unfortunately, this is the first many of us hearing about it, including people I’ve been discussing this with. That is a shame, because this was the core concern all along. I hope this is available for launch.

So just wanted to add to this with context of what I've understood since. Bridging Cardano to Midnight is completely trustless, but as mentioned you can't bridge assets back in the same way into Cardano. The only way to do this, is to use and trust a third party bridge provider (just my assumptions but this is normally how It goes.. They whack on a chunky fee for users) to bridge assets back from Midnight to Cardano and hope they allow you / are operational / some or some other method appears, else assets are locked on Midnight. There is no bi-directional bridge back into Cardano yet. I see this as an issue and personally I find it disappointing, because I don't like trusting other providers with my assets, it's actually one of the reasons why I entered blockchain, to be my own bank. Additionally, we've seen it time and time again, users are exploited for fees and third parties profit. I think this is great awareness for all, users or projects and important to understand and discuss, without calling it "incorrect"

Midnight Network Live on Mainnet | Partner Content x.com/i/broadcasts/1…

@MidnightNtwrk is officially live and we're breaking down what the 'fourth generation of blockchain' means for privacy, compliance, and real-world adoption. Join @IOHK_Charles, @F_ZK_Now, and Mike Ward on Thursday at 10:00am EDT as they discuss the launch — drop your questions 👇 to have them answered live!

It's time for a ̶c̶o̶n̶v̶e̶r̶s̶a̶t̶i̶o̶n̶ ̶ celebration 🥳 Midnight is LIVE. Join the community, builders, and team as we celebrate this milestone together. 🕛 6:30 PM BST x.com/i/spaces/1MJgN…

Midnight is Live x.com/i/broadcasts/1…

Want to know the origin story of @MidnightNtwrk? check out the OG episode of Unshielded w/ @IOHK_Charles youtu.be/oCMF9syoPYk?si…

@eglyman Built up content and community for @MidnightNtwrk and @midnight.network?si=l0GC19NHBBp_P11_" target="_blank" rel="nofollow noopener">youtube.com/@midnight.netw… from hundreds to thousands and midnight.network to millions of visits.

We only hire builders (and we’re on a hiring spree)! Reply with something you've built. I'll read them personally. We’re interviewing the best ones. You’ll be a good fit if you: - work best without permission - default to “how could I automate this” - had weird teenage hobbies - spend your sunday making side projects - have more Claude agents than cousins - shipped something this week - make prototypes, not powerpoints - don’t like hierarchy - are good at games: chess, monopoly, poker - would take dinner with Elon over $100k Good luck, Eric

.@Matt_Hougan's Circle thesis: 1. Stablecoins hit $4T by 2030 2. Circle keeps ~25% share = $1T AUM 3. Take rate ~3.5% = $35B revenue/yr (For context: Circle's current market cap is $33B) "You throw a multiple on that and the stock starts to look really cheap"

ICYMI: @CoinDesk spoke with Mintoo Bhandari and @F_ZK_Now about the new partnership with Monument Bank, where Midnight provides the privacy-enhancing infrastructure supporting tokenised deposits—enabling more efficient, onchain access while maintaining regulatory protections. 🎙️ Watch the full interview: coindesk.com/video/monument…

Here is another Unshielded episode talking about preparing @MidnightNtwrk Mainnet and what to expect w/ @ShieldedBob youtu.be/fjHyARRv428?si…

It's Mainnet Launch week for @MidnightNtwrk and I want to celebrate by sharing a few Unshielded Podcast episodes. First, my interview with @IOHK_Charles from the Midnight Summit youtu.be/dixhcWcvZSI?si…

Midnight 🤝 Monument Bank Monument is set to become the first UK-regulated bank to tokenize retail customer deposits on a public blockchain — representing interest-bearing savings as digital tokens while remaining fully backed, redeemable in GBP, and protected under existing regulatory frameworks. Built on Midnight’s privacy-enhancing blockchain infrastructure, this approach ensures that transaction data remains shielded and accessible only to authorized participants — enabling the use of blockchain technology while maintaining the confidentiality and compliance required in regulated financial services. The initiative begins with a target of £250 million in tokenized deposits and represents the first phase in a broader rollout to expand access to tokenized financial products. Over time, this includes enabling exposure to asset classes such as private equity and structured products, and introducing more flexible lending models — capabilities historically reserved for institutional and private banking clients. Together, this partnership demonstrates how regulated financial institutions can bring traditional financial products on-chain — unlocking a more flexible, accessible, and programmable financial system without compromising privacy or regulatory standards.

Season 2 of #Unshielded brought together key voices across web3 to unpack where the industry is heading next. From stablecoins and institutional adoption to UX, infrastructure, and the future of privacy — these are some of our favorite conversations worth revisiting.