nitesh @yungtesh Twitter profile

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@IzzieHarms

@andresi09

@marianoperez912

@AnupKum24487586

@Pelion_VP

nitesh

@yungtesh

2 years

@shin_dmitry @jjvincent the internet is already filled with this — where do you think all the inputs for large language models came from?

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nitesh

@yungtesh

2 months

1/7 We’ve been quietly working on something new for the past several months. This is the first in a series of articles that will culminate in the Strobe thesis. Today, we start by diagnosing the massive market failure of the “proof supply chain.”

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nitesh

@yungtesh

2 years

My ETHDenver calendar looking pretty sparse Can someone invite me to some events???

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nitesh

@yungtesh

1 year

@jeffreycider bro is undervaluing the highly priced call option on amazons ability to hire him years in the future

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nitesh

@yungtesh

2 months

never trust people that host poker games (hosting poker game saturday night dm for info)

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nitesh

@yungtesh

2 years

ok hot take milady rave at eth denver wayyyy better than tiësto last year

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nitesh

@yungtesh

7 months

also on my way! to denver simple life hack: just pay for three seats so nobody can sit next to you

Gajesh

@gajesh

7 months

on my way! to denver

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nitesh

@yungtesh

2 years

Someone please help... @Bfaviero keeps distracting the team 😭

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nitesh

@yungtesh

13 days

5 different people talking about their novel mechanism for unifying liquidity but its just asking users to deposit money into their vault instead of someone elses

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nitesh

@yungtesh

2 months

7/7 For fully fleshed analysis, see the full article written by @PrazRama and @0xnirel

Of Proofs and Purpose

tl;dr - Proving and verifying costs have improved dramatically in the past 5 years. Demand for proofs has not responded. Why?

mirror.xyz

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nitesh

@yungtesh

2 years

@matt_levine soooooo wen matt levine ventures 👀

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nitesh

@yungtesh

2 months

@DeanEigenmann @zkp2p side note: it's incredibly cool how much zkp2p has expanded everyone's imagination for what proofs can do can construct shadow betting markets for pretty much anything at least stuff that doesn't require low latency

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nitesh

@yungtesh

6 months

sounds like we need data availability aggregation or at the very least some auctions to capture value for apps huge opportunity who is building this??

Blockworks

@Blockworks_

6 months

Competition among data availability providers is heating up following 0G Labs' fundraise

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nitesh

@yungtesh

2 months

2/7: Everyone is lost, but no one is willing to admit it.

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nitesh

@yungtesh

2 months

5/7 The assumption underpinning the space is that demand will be “induced” by better and better proof infrastructure. But the market has spoken: proof demand is inelastic. The current approach to proofs in blockchain networks does not work.

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nitesh

@yungtesh

7 months

Recent L1s should take note of this airdrop design for its: -> Clearly communicated qualifications -> Sybil resistance (only 150,000 Americans, not millions of fake users) -> Help in onboarding the artists

President Biden

@POTUS

7 months

Starting today, the first round of folks who are enrolled in our SAVE student loan repayment plan who have paid their loans for 10 years and borrowed $12,000 or less will have their debt cancelled. That’s 150,000 Americans and counting. And we’re pushing to relieve more.

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nitesh

@yungtesh

2 months

6/7 We need a fresh perspective. We need to reimagine proofs not just as computational objects, but as tools that unlock new economic interactions and transform existing ones.

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nitesh

@yungtesh

2 months

4/7 Proof-based companies have been busily building better highways, but with no cars in sight. Where is the explosion of proof demand everyone is building for and betting on?

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nitesh

@yungtesh

2 months

3/7 Proofs will reshape blockchains. Many companies are advancing research and tooling with the generous support of venture. The potential is real and not all the work is fake.

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nitesh

@yungtesh

2 months

@colludingnode

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nitesh

@yungtesh

13 days

notes from token2049 wow the best protocols really know how to give mediocre projects a sense of meaning and purpose

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nitesh

@yungtesh

12 days

speculation (not gambling) makes the world move faster. e/acc 🫡

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nitesh

@yungtesh

2 years

@PaulRBerg talk to @gf_256 at @zellic_io

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nitesh

@yungtesh

2 months

excited to meet everyone next week 🫡

nigel

@0xnirel

2 months

Strobe Hacker House going live during SBC. Markets, proofs and cypher cabals – it’s a healthy mix of conversations, snacks and late night hacks. Come hang from August 6th til the 10th. Shoutouts to @AleoHQ , @Nil_Foundation , and @AztecNetwork for supporting!

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nitesh

@yungtesh

10 days

@lostbutlucky That’s completely out of context. Just after that statement she mentioned the utility of AMMs for long tail assets when peer-based liquidity isn’t available. And she even included evidence related to many new DEXs adopting a hybrid model vs choosing only CLOBs

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nitesh

@yungtesh

2 years

@isosteph @abenaanim21 yea all the ppl who build community as a job are pretty bad at it, like just be authentic, have a spine, not that complicated

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nitesh

@yungtesh

2 months

the "casino" part of crypto is like 4chan in the early days this can evolve into something more like early reddit (user-defined moderation through subcommunities)

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nitesh

@yungtesh

2 years

our gaming customers at @MagnaTokens are what keep @PopPunkOnChain locked in a basement grinding assembly to save an extra gas unit for our smart contracts

🍞⛩️

@lordOfAFew

2 years

Interestingly every serious onchain gaming team is realizing the limits of bare EVM / solidity @ArgusLabs_ - New execution engine closer to the metal @latticexyz - Iterating on MUD to be more performant and closer to the bits. @0xcurio - Building their own chain for games

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nitesh

@yungtesh

2 years

@modestproposal1 MVP is brutal, they take like 10% finders fees on very basic secondary deals

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nitesh

@yungtesh

2 years

never thought i’d walk out at broadway in soho and think “wow so peaceful compared to denver”

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nitesh

@yungtesh

5 months

@paulg If that's the case, why give up equity upside for cash that isn't needed?

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nitesh

@yungtesh

9 months

I don't understand. Can't Elon just post in the governance forum and ask Tesla stakers to delegate their vote to him? Tesla is a great narrative and he is part of shaping it -- I feel like he will earn 25% of the vote easily.

Sawyer Merritt

@SawyerMerritt

9 months

Elon makes it very clear this isn't about him wanting more money. This is solely about have stronger voting control/power. He wants to be able to steer Tesla in the right direction. I thought a dual-class share structure might solve this, but I guess that can't be done. Bottom

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nitesh

@yungtesh

6 months

@mrjasonchoi those are two very different energies lol im more of the lets grow the pie together camp, this industry is way too small for zero sum thinking

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nitesh

@yungtesh

7 months

Selling points on whale market involves posting collateral, which would make it more like a collateralized forward contract Unless i’m missing something, it seems a buyer’s upside is capped by the amount of collateral the seller posts? What prevents seller from rugging?

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nitesh

@yungtesh

3 months

@Yazanator Modular was actually probably the most well organized conference I’ve ever been to. Great venue and every small detail felt taken care of Easy to get jaded by the infra meta but many of the talks were still very engaging for me

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nitesh

@yungtesh

6 months

"Hey you can copy my homework but just change some answers so it doesn't look weird"

Karak 🍊

@Karak_Network

6 months

Many assets have lower opportunity costs versus ETH, meaning the Distributed Secure Service (DSS) has an easier and much more viable path to sustainable yields In an ETH-only environment, a DSS has to compete against every ETH yield opportunity with a new, novel risk profile

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nitesh

@yungtesh

7 months

this was a joke btw - i’ve never even paid to choose a seat

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nitesh

@yungtesh

24 days

@samkazemian @drakefjustin apple should simply just tokenize, make a vault that mints USDa upon depositing AAPL, a yield bearing bond that tracks USD and whose yield comes from apple the company then they can lobby all merchants to accept USDa and play the whole SoV narrative except with utility instead

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nitesh

@yungtesh

4 months

@NeerajKA my uncle thought the founder of crypto went to jail

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nitesh

@yungtesh

5 months

zkkyc is too normie wheres the schizo stuff at? use zkemail to prove: - one of your identities got rekt on robinhood - another was level 99 on runescape - another got a weird email from the IRS

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nitesh

@yungtesh

20 days

@_charlienoyes @dansquare06 @danrobinson @AndreCronjeTech this is because rewards mostly come from volatile governance tokens rather than future cash flows you can’t reward mercenaries with equity and expect that to go well

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nitesh

@yungtesh

2 months

@binji_x TVL is real capital at risk though. Many problems with it being triple counted and whatever but a billionaire parking money despite potential hacks is not fake

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nitesh

@yungtesh

9 months

@NTmoney We’ve had liquid sports betting for decades and nobody expects those markets to predict which team wins.

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nitesh

@yungtesh

1 year

@wesbos at bloomberg, because static linking was preferred at some point, we ended up with binaries so big the giant Sun machines couldn’t handle really hope this doesn’t become a standard way of compiling apps and used for systems that already have node on them

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nitesh

@yungtesh

5 months

"Humanity Protocol scans an individual's palm, using an infrared camera, to note the unique composition of the person's veins. This information verifies someone's digital identity, which is stored using decentralized technology and zero-knowledge proofs to safeguard the

The Block

@TheBlock__

5 months

Web3 digital identity startup Humanity Protocol raises $30 million at a $1 billion valuation

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nitesh

@yungtesh

9 months

“But ALL of my ideas around liquidity — auctions, investor matching, secondary trading, open tender offers, have not worked. I might not be the entrepreneur that can solve this problem.” Auctions were fun to work on but liquidity is hard and not just an engineering problem

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nitesh

@yungtesh

12 days

projects want attention and liquidity. users want yield and entertainment. welcome to 2049 📸

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nitesh

@yungtesh

4 months

"Pre-launch markets use the 4 hour exponential moving average (EMA) of the instrument’s mark prices for the Pre-Launch Index Price." Seems similar to Hyperliquid's implementation. Still don't fully understand how it works, but will be cool to see how it plays out.

Coinbase Traders

@coinbasetraders

4 months

Pre-launch markets are coming to Coinbase Advanced. Trade new tokens before they launch and participate in price discovery, all within a trusted and secure platform. Check back here to see our first pre-launch listing, coming soon… Check it out ↓

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nitesh

@yungtesh

9 months

@Trace_Cohen do you mean best case scenario? how many startups in your portfolio are doing 500M ARR minimum?

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nitesh

@yungtesh

5 months

@0xDinoEggs do you think every chain will have its own app

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nitesh

@yungtesh

8 months

Why not just auction off the right to represent this case to a network of lawyers? Auction process can be enshrined in the protocol. This way Tesla stakers can recapture what would otherwise be toxic MEV. #intents

David Sacks

@DavidSacks

8 months

Winning lawyers in Elon Musk pay dispute may make billions in fees

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nitesh

@yungtesh

2 years

@mehran__jalali @iankar_ he also built a 5star steakhouse on the upper east side in like a week ! 🤯

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nitesh

@yungtesh

4 months

would have been way simpler to just run auctions and let the restaurants internalize MEV now restaurants get less demand

Eater NY

@EaterNY

4 months

New York passes bill to make the restaurant reservation black market illegal

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nitesh

@yungtesh

5 months

@0xkaito I think this is true except step 3. I don't think airdrop farming bumps up valuation as much as a bunch of "partnerships" and "ecosystem projects"

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nitesh

@yungtesh

9 months

Is this crime or is this just MEV?

TTI

@TikTokInvestors

9 months

Oh boy

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nitesh

@yungtesh

8 months

@ceterispar1bus agreed. with 7 billion people in the world we need at least one per person

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nitesh

@yungtesh

28 days

@Narodism pseudonyms also let users produce better content Reddit is friendliest to bots and pseudonyms and is being paid 9 figures a year by AI companies for its user generated data

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nitesh

@yungtesh

3 months

@colludingnode decentralize or fade away into irrelevance which way western man

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nitesh

@yungtesh

2 years

@KateClarkTweets @heetermaria 70 cents on the dollar feels predatory given the balance sheet of SVB

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nitesh

@yungtesh

27 days

@richardzliang @zkemail @zkp2p an l2beat for data provenance would be great but the only thing on there would be @zkemail

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nitesh

@yungtesh

2 years

@Bfaviero @PopPunkOnChain meanwhile @gf_256 skims assembly and shares insights within 4 minutes y'all not the same 😂

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nitesh

@yungtesh

9 months

@jayendra_jog huh no micro services can be great for high performance and simple architecture, though to your point this is often when they are stateless / do not need to sync much state

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nitesh

@yungtesh

2 years

@zkEnrique7 oooooo ping @KhorramKaveh at @UsageAI

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nitesh

@yungtesh

10 months

@Jack_Raines maybe if you wanted the world to move from dollars to crypto, you too would run a company that profits from this process

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nitesh

@yungtesh

1 month

@GergelyOrosz Most serious people in crypto would rather SEC target all the pump-and-dump schemes you mention vs OpenSea and Uniswap

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nitesh

@yungtesh

1 month

@guywuolletjr cc @KianSadeghi5

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nitesh

@yungtesh

1 month

@VitalikButerin @0xstrobe @llamaonthebrink perps can track external info too perps for US stocks for example would be structurally better in crypto due to efficient margin + frequent settlement

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nitesh

@yungtesh

8 months

@PopPunkOnChain I think we need an L2 where every address is by default a lending protocol. Then we can increase the design space for yield.

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nitesh

@yungtesh

4 months

Fully agree with this thread. Additionally, I think perpification will expand to do more than tracking RWA assets Track anything continuous, whether it's onchain metrics, or live datasets like concert tickets for your favorite artist perps could become the structure for a

kaledora

@kaledora

4 months

1/ a perp-first real world asset listing strategy will front-run tokenization with a better primitive and make tokenization on most assets effectively obsolete a thread:

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nitesh

@yungtesh

28 days

@puntium @aave @MorphoLabs @SiloFinance @eulerfinance @Kamino RWAs that require trusted third parties to custody assets are boring synthetic assets that can track RWAs are interesting

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nitesh

@yungtesh

8 months

@waltjsmith @CryptoEthan @gainzy222 people who hate on MH coincidentally always spent abt five minutes there and then decide it's hell because you can wake up to the sound of banjo and the smell of rock climbing lol Spend a month in Tribeca Soho or West Village and you'll never leave

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nitesh

@yungtesh

3 months

@0xBalloonLover bullish on the last third

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nitesh

@yungtesh

9 months

@parsa_s @TSA Auctions every 5 minutes where highest bidder skips the line. 10% of profits go back to whoever misses their flight as a result.

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nitesh

@yungtesh

9 months

@xandamere @NTmoney Agreed. So let’s not state predictions markets are better at truth. They provide useful information that helps people make better decisions, which then increases the efficiency of capital moves

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nitesh

@yungtesh

8 months

"This is just a floating debt instrument that combines stablecoin stability risk and interest rate risk into a single bond like utility token" - @APulluru27 , who is getting more crypto-pilled every day

Frax Finance ¤⛓️¤

@fraxfinance

9 months

Today FRAX v3's $FXB module goes live! This completes the FRAX v3 design and all new feature deployment. This is a watershed moment because of the unique design and utility of FXBs within DeFi. 🧵

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nitesh

@yungtesh

2 years

@apoorvlathey seems to be one of the things @Jierlich is helping with at @OnChainDen !

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nitesh

@yungtesh

6 months

@Bfaviero @andruyeung worked pretty nicely yesterday

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nitesh

@yungtesh

9 months

@PopPunkOnChain Ha i knew i wasn’t typing THAT loud

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nitesh

@yungtesh

8 months

This is the dream of Celestia light clients.

Aubrey Strobel

@aubreystrobel

8 months

The fact that passengers are doing due diligence from their plane windows. What is going on with our planes?

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nitesh

@yungtesh

13 days

@divine_economy instructions unclear i’m in singapore at a side event

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nitesh

@yungtesh

2 years

OH at Felix: “So they raised a ton of money.. I haven’t seen the product yet but they raised a ton of money… Yeah so they poached the vp of sales from.. they raised a ton of money”

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nitesh

@yungtesh

2 years

@devahaz I’m all for being mean to zuck but I do think it’s generally better for people to be held accountable for things other than their stock price

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nitesh

@yungtesh

4 months

@colludingnode make crypto adversarial again

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nitesh

@yungtesh

2 years

@realEstateTrent Or they could just work at a place that doesn’t treat them like an “employee” — some companies are great at hiring ex-founders

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nitesh

@yungtesh

2 years

@moseskagan Same advice applies for raising from venture funds — huge advantage for those who have built relationships with investors over several months or years

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nitesh

@yungtesh

9 months

@jeffreycider clean code better than working code 🫡

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nitesh

@yungtesh

3 months

@hal2001 we need a forbes crypto 30 over 30 dm all your nominations i will pick whoever is most likely to be a scammer

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nitesh

@yungtesh

1 year

@KyleSamani The question should be on TEE vs VC (verified computation). Zero knowledge is just one kind of verified computation. There are also ways to keep inputs private in TEE's (i.e. homomorphic encryption). TEE guarantees isolation of computation -- VC guarantees correctness.

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nitesh

@yungtesh

2 years

@jeffreycider huh no they both concern bond markets but "credit" generally used for talking about issuance / sell-side stuff and "debt" generally used for talking about investing / buy-side stuff

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nitesh

@yungtesh

4 months

@colludingnode Personification of nodes is really weird "Nodes will collude" Nodes don't have their own desires. You must mean their handlers.

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nitesh

@yungtesh

1 month

@limes_eth @balajis agreed doesn't even have to be cash, reputation points could go a long way too

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nitesh

@yungtesh

3 months

@colludingnode no no you don’t get it it’s a novel, 3 sided market between VCs, founders, and publishers (conference venues, podcasts, twitter)

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nitesh

@yungtesh

2 years

@Bfaviero no LGA, this is actually your worst take in weeks

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nitesh

@yungtesh

2 years

@netcapgirl @jeffreycider 👀

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nitesh

@yungtesh

9 months

@eightyhi @NTmoney I just said they don't predict truth, nothing about efficiency

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nitesh

@yungtesh

27 days

@KyleSamani Happened already with Aevo L2, one of the biggest perp dexes on Ethereum (now Celestia)

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nitesh

@yungtesh

3 months

@llamaonthebrink app could be an even cheaper call option apps can expand into networks and starting with something consumer-facing is another approach to solve the bootstrapping problem for an emergent network

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nitesh

@yungtesh

2 years

@iankar_ i'm gonna need some proof of this "part time farmer" thing

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nitesh

@yungtesh

2 years

@ditzikow Unicorn isn't a high enough bar because there are many examples of people that raised unicorn seed rounds after spending 10+ years working in big big tech

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nitesh

@yungtesh

5 months

@GwartyGwart I mean isn't the easiest solution for protocols to just clawback any token from a user caught using a competitor? everyone talking about pvp but not pvp (protocol vs. player)

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