
eric siu 🐈⬛
3K posts

eric siu 🐈⬛
@randomishwalk
that’s the way it crumbles, cookie-wise
nyc Katılım Kasım 2021
852 Takip Edilen902 Takipçiler
eric siu 🐈⬛ retweetledi

I am stepping into the role of interim co-ED @ethereumfndn to continue the progress that Tomasz has made over the last year.
Tomasz brought an energy and urgency that the EF needed at a critical time, and I join the community in thanking him for his work on behalf of the Foundation and the network.
This task isn't something that I take on lightly, knowing the weight of responsibility of the role through seeing it up close for some time, but it is one that I am prepared to handle.
I've served in a management position at the EF over many years, working closely with Hsiao-Wei, Tomasz, Josh Stark, Danny Ryan, Aya, and Vitalik at different points in time. My focus has been deliberately on illegible but essential work, helping management try to make well-informed decisions, working with EF's team leads, considering budgets, articulating strategy, setting priorities, and more.
The decisions I make will be guided by a principled insistence on the properties of what we're building (censorship resistance, open source, privacy, security). These properties are what make Ethereum relevant and competitive, and they are the foundation of Ethereum's value proposition to the world and everything the world builds on it; just as Ether is the foundational store-of-value that underpins every transaction across it; and just as both are indispensable to the EF's own treasury.
The mandate of the EF is to make sure that real permissionless infrastructure, cypherpunk at its core, is what gets built. Ethereum should outlast us, and it has been our job from the beginning to make sure it is robust enough to do so. I, and the rest of the EF, will work alongside other members of the community - core protocol contributors, researchers and client implementers, auditors and whitehats, incident responders, spec authors, solo stakers and validator operators, node runners, MEV gremlins, rollup and L2 teams, bridge and interoperability integrators, UX and product builders, infra providers and tooling maintainers, educators, community organizers, forum crews, lurkers, and free software advocates, grant-givers and culture-makers, artists, memers, cypherpunks, cyberanarchists, Landian accelerationists, financepunks, femboys, soundcloud rappers, transgenders, disinformationalists, cyborgs, anons, revolutionaries, shitposters, trolls, federal lists, hypebeasts, pirates, preppers, the bros, incels - to make it last 1000 years or more.
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eric siu 🐈⬛ retweetledi
eric siu 🐈⬛ retweetledi
eric siu 🐈⬛ retweetledi

1/ LLMs encode the past through training data.
Prediction markets aggregate beliefs about the future through economic incentives.
LLMs reason from what was. Prediction markets price what's coming.
Together: a complete epistemic system. I call it cognitive finance.
Matt Liston@no__________end
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trustlessness is not a nice to have. it’s the entire point. kudos to @ethinteroplayer team and contributors for making ethereum cypherpunk again
L2BEAT 💗@l2beat
At DevConnect Buenos Aires, the details of EIL @ethinteroplayer - Ethereum Interoperability Layer were unveiled. We’ve been deep-diving interop protocols for months and our initial assessment of EIL contracts (deployed on testnets already) is following 🧵👇
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eric siu 🐈⬛ retweetledi

We are excited to share our new report on stablecoin ramps – published under a grant from @EthereumFndn.
Stablecoins move money faster & cheaper than traditional channels. But the real bottleneck to adoption is the cost & quality of on/off ramps.
Read the report below. ⬇️

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eric siu 🐈⬛ retweetledi

We’re organizing a zkTLS Day at Devconnect. A full day of talks, workshops, demos and collaboration around proving and verifying web data.
If you’re building zkTLS tooling or building on top of it, we’d love to hear from you. Reach out to @heeckhau to get involved.
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@lightclients that’s $100M after slippage if dumped in one go. still doable
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eric siu 🐈⬛ retweetledi

@malekanoms @0xBalloonLover yep thanks for saying it. mmm musical chairs!
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eric siu 🐈⬛ retweetledi

Some composite thoughts on DATs, which I wanted to get down while the going was still good.
1 - The most logical mNAV for any DAT to trade at is slightly negative to deeply negative.
2 - While (in theory) there is a way for a DAT to add sustained value, we haven't seen anyone do it yet, and the vast majority won't.
3- Bitcoin is the hardest treasury asset for a DAT to add value to because it's already ubiquitous and you can't do much with it.
4 - Leverage is not a source of alpha, it's beta, and most likely misapplied by public company CEOs cosplaying as hedge fund managers.
5 - The main motivation for launching an alt-coin DAT is to give exit liquidity to founders/Labs/Foundations/VCs, sometimes via "locked" tokens, proving once and for all how farcical that concept always was, and how little scruples many in this industry have.
Remember that when the underperformance of some altcoins accelerate - they sold already.
6 - Public companies have significant operating costs and executives get high compensation. Who do you think pays for that?
7 - The asset management deals some of these sign (which I didn't even know about until the great work by @BitMEXResearch) seem shady.
8 - A lot of the people doing these--the investors, token contributors, managers, etc--behave the way somebody does when they expect a high return with little risk. That's always a red flag.
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Absolute legend joins @ethereum Cypherpunk Congress - Richard Stallman!
Hacktivist, inventor of copyleft, GNU, founder of @fsf, GPL author.
Free as in "freedom": en.wikipedia.org/wiki/Richard_S…
congress.web3privacy.info
RSVP lu.ma/u2sw5kpv

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