w-source

Andrej Karpathy on autoresearch with an untrusted pool of workers: "My designs that incorporate an untrusted pool of workers (into autoresearch) actually look a little bit like a blockchain. Instead of blocks, you have commits, and these commits can build on each other and contain changes to the code as you're improving it. The proof of work is basically doing tons of experimentation to find the commits that work." The idea that distributed & permissionless autoresearch ~= proof-of-useful-work remains a high-level intuition for now, but it is extremely intriguing to say the least. Someone needs to take this further. See QT for more on what's missing.

Justin Drake thinks post-quantum is an opportunity for Ethereum — not a hurdle. “It’s an opportunity for Ethereum to stand out as the very first global financial system that is post-quantum secure.” “Not just relative to its competitors... but also relative to fiat and tradfi.” “It would send a very strong message... a very natural security starting point for the world to migrate over to Ethereum.” 📆 Out on Monday, March 23 w/ @drakefjustin

Quantum computers pose two threats to Bitcoin: Threat 1: A quantum computer will be built and used to break Bitcoin's cryptography. Threat 2: Even before a QC is built, delaying the preparations to ensure Bitcoin is quantum ready will lead to people losing confidence in Bitcoin. The solution to both threats: ensure Bitcoin becomes quantum resistant via initiatives like BIP 360 + make sure the world knows this will be taken care of in time.

When someone’s agent leaks the roadmap

The Ethereum Foundation just published a 38-page mandate defining its role and sold 5,000 ETH to fund operations, all in the same week. Feels like a good time to revisit this a16z piece from last year: "the foundation era in crypto is over." In case you are wondering what foundations mean: they're nonprofit orgs that crypto projects set up to hold tokens, fund development, and act as "neutral stewards" of a network. Think Ethereum Foundation, Solana Foundation. Almost every major project has one. Why did they exist? They were basically a workaround for hostile SEC regulation. Projects used them to look "decentralized" and dodge securities scrutiny. Why a16z says they're done: Congress is now moving toward control-based frameworks instead of efforts-based ones. You no longer need to hide behind a foundation to prove decentralization. You just need to show no single entity controls the network. The problems they lay out: → No real accountability, people spending other people's money with no feedback loop → Employees get weaker incentives, just tokens and cash, no equity, shorter-term thinking → Legal constraints stop foundations from building products that would actually help the network → Operational nightmare, teams can't share slack channels, roadmaps, or even attend the same offsite → Many foundations became the centralized gatekeepers they were supposed to prevent → Setting one up costs $500k+ and months of lawyer time Their alternative: use regular companies. PBCs specifically, public benefit corporations with a dual mandate of profit + network health. Pair that with revenue sharing, milestone-based token vesting, and onchain governance through DUNAs and BORGs. TL;DR: foundations were a band-aid for bad regulation. Regulation is changing. Time to use structures that actually align incentives instead of hiding behind nonprofit shells. Big if true. But also easy to say when you're a16z and your portfolio companies would benefit from this shift.

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Theee you go #vibecoding101

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Pantera Capital's @0xfishylosopher and @cosmo_jiang sat down with us to separate the real thesis from the noise on agentic finance. - Three things most people get wrong about agentic payments. - Why 'agent banking' is the actual category. - And the specific infrastructure stack that needs to exist before agents can handle money autonomously. Here's the breakdown.

An honest comparison of MPP vs. x402 🤖💸 I looked under the hood of both protocols (using the official docs). Both leverage HTTP 402 for payment requests, but their architecture, positioning, and execution are totally different. Here’s the technical breakdown 🧵👇

⚡️ NEW: Bitcoin Quantum has launched testnet v0.3 with the first live deployment of BIP 360, a quantum-resistant upgrade for Bitcoin.

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0/ The Ethereum Foundation continues to explore DeFi as part of its treasury strategy. In Oct 2025, EF deployed 2,400 ETH + ~$6M in stablecoins into @Morpho Vaults V1. x.com/ethereumfndn/s… Today: another 3,400 ETH into Morpho, where 1,000 ETH in Morpho Vaults V2. Why Morpho? 👇

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#perps 👉

~$547 billion worth of value is secured in the Ethereum ecosystem. (Source: Token Terminal)

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Go @virtuals_io 👏🏻