Bitget just suffered a major breach.
Trust in centralized exchanges is being tested again.
CEX or DEX: Which do you actually prefer and why?
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Seeing a lot of zk FUD on the TL today so let's actually talk about this properly.
On-chain privacy isn't going anywhere. It's also never going to be the only way the system works.
Here's the actual mechanism: once payments, agents, and identity move onchain, the reporting infrastructure that already tracks traditional finance moves with it.
Public chains are transparent by default, so that infrastructure ports over easily. Privacy tech resists that porting. That's exactly why it keeps getting squeezed.
We've watched this pattern three times, and each one is worth being precise about:
- Monero got delisted from major exchanges because compliance teams can't report what they can't see
- Tornado Cash is still live, but its founder is fighting a real prison sentence
- Silk Road shows this goes back further than crypto natives think. Even pseudonymity, not full privacy, got unwound in court
The mainstream rails will keep pushing for privacy they can live with, not privacy they can't see into. Full default opacity survives in the corners.
That's not a knock on Monero. I respect exactly what it represents: default privacy, real fungibility, no company to lean on. That's rare.
So privacy stays. It becomes a feature you switch on, not the operating assumption for the whole system. More than one approach gets to exist.
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I’m still super $ZEC, though I haven’t even read the said paper on why people has been FUDing zK all long.
But from this read from Mert I can say, there’s no much for concern, why would I be holding a synthetic BTC to start with and according to the paper some of this technicalities will be held off chain.
Not that it’s proven yet but it’s a working theory, well bullish on them too..we will see how it plays out.
not sure anyone read the thing beyond the title
tl;dr - if you somehow solved the laundry list of fundamental issues, then even after that you would still be roughly 7 years behind zcash
it's a synthetic ledger with significant tradeoffs, some of which are fundamental (can't be mitigated), and others requiring many, many years of work + new research to be published and scrutinized (assuming it can even work)
the Bitcoin L1 does not validate the private state, prevent double-spends, or reconcile the balances, that's enforced by some offchain protocol -- so, saying L1 transfers is not entirely honest
it also has:
- a trusted setup
- no fee anonymization (much worse than it sounds)
- no in-protocol mechanism for getting actual BTC in or out (which means you are holding synthetics)
- no real consideration for scale
- several offchain parts that can't be run locally which means tracing and linkage and censorship
- vulnerability to quantum without a plan
- no working implementation for witness encryption where the last used scheme was broken (!) and depends on 330 TB ciphertext. that's terabytes btw
(though they claim advancements here so let's see)
it only somewhat can work if:
i) you somehow acquire the private synthetic BTC inside their ledger to begin with (you cant)
ii) every counterparty recognizes the same offchain metaprotocol
iii) some trust minimized mechanism connects the synthetic balances back to actual BTC
iv) several other advancements are made to the scale, quantum, and foundational cryptography considerations, which is experimental and would require many years to establish (if at all)
point iii) specifically means that this is not fungible for the underlying
I respect that people are working on this and taking notes from zcash finally. but the claims on this app vs. what's established are light years apart
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BABZI retweeted
I’ve been building my research and practical work across different parts of Web3, and I wanted a place where people could see the work together, not just scattered across my timeline.
So I finally put Babzi.xyz up. It holds how I think about governance, token design, incentives, and protocol economies that have to last.
Including what changes when autonomous agents become economic participants.
I’ll keep adding research and frameworks there. More than that, I want it to show how I approach real protocol problems and the kind of work I can contribute to.
If you’re a founder working through token design, incentive structures, governance, or the economics of your protocol, look through Babzi.xyz.
You’ll get a sense of how I think about these problems. If something there connects with what you’re building, reach out.
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Bitcoin just moved back above $85K.
Momentum is returning, but uncertainty remains.
Is this sustainable or another false start?
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This is the most FUDest post I’ve ever seen.
Make it make sense, how does vitalik writing privacy literature concedes with what Zcash is building.
No disrespect to ETH, it has always been know as the motherchain of all blockchains so why does a literature add more sauce to it now.
Vitalik has always been pro-cyberpunk so what do you expect, someone that wouldn’t publish an article on X because it can’t be acess through another platform directly lol.
Sold 100% of my spot $ZEC here at $1,400.
Not saying it won't go higher. I believe it will be the #1 runner of the next cycle. And yes, I love the product. But at the end of the day, Vitalik is writing a privacy novel, and I genuinely believe it will onboard the next 100 million users.
You simply cannot compete with narrative-driven literature as a go-to-market strategy.
Fully allocated into
$ETH now.
Will DCA back into ZEC around $100, or after the book tour, whichever comes first.
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Muizz legit just said he built a platform for the misfit and I kinda agree with him because of his definition.
If you’re someone struggling to pass your message out there, has an idea you’re developing, or anything you’re just curious about, you might want to check out atttend.xyz.
I think I finally understand what I built with Atttend.
It isn’t really for product people.
It isn’t really for asking questions either.
It’s for people with thoughts that are too complex, strange, technical, unfinished, or difficult to explain to fit neatly into normal social media.
A philosopher writes something.
An engineer disagrees.
A researcher extends it.
An artist sees something completely different in it.
Someone else brings evidence.
The thought keeps developing.
That’s what I wanted Atttend to be.
A place where you don’t have to simplify your thinking just so everyone can understand it.
You can put the crazy thought down.
And somewhere out there, someone who thinks like you might actually understand it.
Agree.
Disagree.
Extend it.
Challenge it.
Refine it.
Until the original thought becomes something neither person could have arrived at alone.
I think I built a platform for the misfits.
The people who were never really understood by the platforms built for everyone else.
And honestly, I’m okay if it isn’t for everyone.
It shouldn’t be.
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In-between, this is my first publication on atttend. ⤵️
atttend.xyz/thought/cmu73b02…
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This has been one of my most unproductive weeks so far. I’ve been struggling to show up here.
Battling some health challenges, but I’m getting better.
I hope you guys don’t miss me too much.
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The industry still loves new launches.
But is that the best use of talent right now?
Should builders start new protocols or improve existing ones?
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The Africa’s biggest share sale ever just went live.
Retail investors can get in with as little as ₦5,250.
Dangote IPO: What does this mean for Africa?
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BABZI retweeted
Big day today. The Senate vote on the Clarity Act is scheduled for roughly 10 hours from now.
Democrats are already verbally rejecting the Republican draft over eThIcS cOncErnS, Polymarket odds have collapsed, and the market is fully pricing in a negative outcome.
Regardless of the result, I'm looking forward to the vote either way. It means we can finally get past it and move on to focusing on much more important things.
If it doesn't pass, we get the equivalent pro-crypto regulation from the SEC instead. And if we don't, Democrats will be the ones responsible for handing away the US's leading role in frontier finance, while some of the most exciting companies in the world start moving offshore.
as annoying as politics are, the US isn't stupid enough to let that happen.
so it'll happen and hence we will win.
one way or the other.
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The discussion around AI recently has largely revolved around whether AI will become too powerful, too autonomous, or too dangerous.
I’ve been taking a different route, I’d started looking at this before the current discussion became this elaborate, but my question is more specific:
What happens when these systems become economic actors?
Not frontier model development, and definitely not whether we should slow AI research down.
What happens when autonomous agents can hold capital, execute trades, provide services, transact with each other and continuously optimize economic incentives?
Because if we’re going to put them inside crypto economies, we can’t just give them wallets and call it a day.
We need to design economies that remain sustainable when the participants can optimize them at machine speed.
That’s a big part of why I spent the couple of months researching agentic economies.
I’m of the school of thought that we should let frontier developers work through how these models should be trained and governed.
Our responsibility in crypto is to build economic environments where these systems can participate without turning every poorly designed incentive into an attack surface.
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“Rogue agents are unstoppable” is a storytelling problem.
If your swarm dies when AWS revokes the keys, it was never a god.
It was a customer.
The doomer story needs a mind that keeps going after you take away identity, bandwidth, compute, and memory.
Show me that version. Not the movie version.
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Over the weekend, Amodei, Altman and Musk publicly backed slowing the pace of AI development.
AI leaders just agreed to slow down, real shift or PR?
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Google had made their AI infra invisible to users.
That’s why they can capture 25percent of the market and we can barely know they do.
Gud Tek.
This is what I want crypto to achieve in coming years.
Gemini reportedly has around 25% of the market.
Yet I barely see anyone using it.
What am I missing?
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