Vitaly Bahachuk

🛑 [IMPORTANT ANNOUNCEMENT] 🛑 We made the tough decision to shut down the Linen Wallet app, wind down the company’s operations, and return the remaining capital to investors. We evaluated different options, and winding down the company gracefully is the best path forward for investors and users alike. Why? Interest in our product has decreased, in line with a decline in overall activity from individual crypto investors seeking advanced self-custodial solutions. Regulatory uncertainty is an overhang for the whole industry and would require significant capital to move forward in our view. Your assets in the Linen Wallet app are safe! Remember, Linen is just an interface to manage your Safe multisig wallets. Alternative interfaces can still be used to manage your assets. If you stored assets with Linen and haven't received an email detailing how to manage your assets post-shutdown, please get in touch with us to receive guidance. Linen's infrastructure will be fully shut down after November 30, 2023, making the Linen app non-functional after that period. After this date, our email and Intercom chat support channels will be deactivated. However, you'll still be able to use our subreddit for any ongoing support needs. On this unfortunate occasion, we want to extend our deepest thanks to our early users and investors for your support along this journey.

SOMEONE LAUNCHED A COURT FOR AI AGENTS THEY CAN LITERALLY NOW SUE EACH OTHER AND SETTLE FIGHTS

If life sucks and you think where you live sucks and want to move Move; or travel You’ll either find out it really was the place Or you’ll find out the problems you have lie in yourself: a clue to what to work on.

Ethereum staking yield = (A) compensation for validating transactions on the network + (B) foregoing immediate access to staked assets. Both A and B are driven by economic activity on the network and are features of the network.

Unstaking period in ethereum. Feature not a bug. TLDR: ETH consensus is exceptionally well designed prioritizing worst case safety and liveness and hence correctly chose conservative parameters. It’s possible to reduce it from months to a week with a single parameter change. Ethereum security is built on staking AND slashing, unlike other chains. If a group of stakers can attack the network and unstake *before* slashing (time-to-slash), then the network loses security. So unstaking cannot be instantaneous. For double signing, it is objectively verifiable and hence slashing can be triggered relatively instantly after double signing is observed. The time to observe double signing depends on assumptions about network conditions - how long can I keep Binance and coinbase thinking their version of the block is correct before realizing they have different blocks. This can be a few hours or a day at worst case. If the node was not live, there is an inactivity leak “slashing”. This is automated and done every block so time-to-slash = 1 block. Inactivity leak happens over weeks. The problem is: if you were not live at the time inactivity leak happens, it is hard to verify the correctness. In an extreme case, it is possible there are two different forks each claiming the other group of validators were malicious / not live and hence they are slashed in the other fork. Ethereum makes a weak assumption that nodes that are offline still wake up every few *months* can still find the correct fork in ethereum which is why the unstaking period is kept to months. Instead of having a fixed long unstaking period, ethereum engineered its exit queue to be instantaneous if only a small amount of stake withdrew in a given period. But if lot of stake wants to withdraw the queue builds up - worst case to several months. By making a stronger assumption that nodes are online every week for example, it’s possible to make worst case unstaking period to a week. Most other chains neither have slashing for safety nor liveness and yolo unstake instantly. That is a bug not a feature.

5/6 - If Bitcoin is digital gold, should BTC-backed “banks” of the future like MicroStrategy, Metaplanet, Marathon, Galaxy, Riot, and newcomers issue fully-reserved units or fractional ones? Would the global trade require such unbiased units?

The dollar is losing reserve currency status. It’s down to 42% of global reserves, and gold is rapidly rising.