badcryptobitch

Can anyone explain to me why everyone is hating on @hibachi_xyz and @GandalfTheBr0wn?

I get it, the documentation and marketing is deceptive but that's kind of how it works, especially at their stage.

Also, the goal of building an exchange with the best of CEXes and DEXes is literally what has ushered this new era of crypto. Solana, Hyperliquid, etc operate under this model.

Feels like the Eth community takes anything that's not decentralized from the get-go as an affront and part of the reason why it's losing mind share tbh

I wonder is it enough to simply use @zkp2p as a proxy for KYC'ed accounts?

Considering that apps like Mercury, Replit, etc require KYC on users, if a user of one of those apps can use a tool like zkp2p then they should technically be able to leverage that as a kind of proof of KYC.

One aspect of crypto markets maturing that I haven't seen on my TL yet is the fact that assets are becoming increasingly uncorrelated to the price of Bitcoin.

Roughly, whenever Bitcoin went up, everything else went up. This was the case even when the bull markets weren't driven by Bitcoin at all (e.g. 2017 ICO boom, 2020 DeFi Summer, 2021-2022 NFT craze).

Now, we are seeing a decorrelation in the price of top assets like BTC, ETH, SOL, BNB, etc. A downstream effect is the fact that alts now don't get the same boost as before. When BTC mooned, everything mooned. But now when BTC moons, not necessarily everything moons.

L2 tokens, alt L1 tokens, etc actually need to be valuable to do well on the charts!

Why does retail think they should be compensated due to market risks?

If a token crashes, then there's nothing you can do about it.

Practice reasonable risk management

Maybe it's just the morning or whatever but I'm increasingly convinced that athletes will eschew regular leagues and build their own using credibly neutral blockchains and MPC!

FIFA, FIA, NBA, sports agents etc can very easily be replaced with cryptoeconomics.

Remember when projects added zk because they were launching on a zk-rollup?

Well, we are now at the point where projects are adding privacy because they are using a zkVM, even though most zkVMs don't even have zk!

If I built a DEX, would y'all use it?

The shitcoin lifecycle in a single chart

The amount of money terminals make in crypto is stupid.

Probably one of the few retail facing products that has PMF and is properly bootstrappable.

One of the things that's been fun in hanging out with web2 folks and explaining what I work on is that I need to be a beginner again.

It's actually helping me to formalize my longstanding gripes with web3 folks 😅 that I just didn't have the language to explain well.

I miss the days when we did stuff that was directionally correct but the execution was wrong or too early.

Stuff like Aragon, http://kong.cash, DeGods community buying a basketball team, etc.

CoSNARKs are overrated!

I get asked all the time about my thoughts on CoSNARKs and I basically repeat the same thing.

Writing this thread to share my thoughts and spur some much needed public debates on system design for apps that use PETs.

When did @safe stop supporting @Trezor?

I was able to use it just last week and now I no longer can't 😅

Every time I use @safe, I lose 20 years of my life.

What is crypto's obsession with bounties?

Why do you all think this is a necessary product to build outside of security bounties?

👀https://github.com/NethermindEth/wormhole/tree/aztec/aztec

@decenter_hi after learning about @StoffelMPC

It's been a while since I've read anything about light clients.

With the advent of ZKVMs, it feels like there should be more light clients.

Have we given up and just rely on SaaS providers for acting as light clients for us?

This is what working in crypto feels like.
Losers still make loads of money 😂🤡

Is it just me or is it actually dumb that crypto companies use playing games in a discord as a product community building tactic?

Like these people don't bring users, don't build and are only hoping for an airdrop and you guys collectively optimize for that?

No wonder we have very little progress as a space despite all the money

If you squint your eyes enough, garbled circuits are basically the cryptographic answer to TEEs