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Monday, 24. June 2024

bankless

Why We Should Fight for Freedom of Speech | Greg Lukianoff

Why should we fight for Freedom of Speech? That’s the question that Free Speech Lawyer and Writer Greg Lukianoff helps us answer today. Using first principles, Greg goes deep into the importance of Freedom of Speech, “Free Speech Culture”, what happens to Free Speech when new technologies like the printing press and the internet are introduced, and how all this intersects with blockchains and

Why should we fight for Freedom of Speech?

That’s the question that Free Speech Lawyer and Writer Greg Lukianoff helps us answer today.

Using first principles, Greg goes deep into the importance of Freedom of Speech, “Free Speech Culture”, what happens to Free Speech when new technologies like the printing press and the internet are introduced, and how all this intersects with blockchains and crypto.

------ 🎬 DEBRIEF | Ryan & David Unpacking the Episode: https://www.bankless.com/debrief-the-greg-lukianoff-interview 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/19?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ 📣STAKEWISE | LIQUID SOLO STAKING https://bankless.cc/Pod_StakeWise  

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro 6:19 Defining Free Speech 15:59 Free Speech Origins 19:43 The Printing Press 37:11 The Constitution 39:50 Free Speech Culture 47:48 What Protects Free Speech 55:57 Generational Differences 1:09:17 Censorship Societies 1:16:29 The Internet 1:21:04 AI & Free Speech 1:23:04 Web2 Censorship 1:27:17 Freedom to Transact 1:36:38 Privacy 1:38:30 How to Get Involved 1:40:49 Closing & Disclaimers

------ RESOURCES

Greg Lukianoff https://x.com/glukianoff 

The Eternally Radical Idea Newsletter https://greglukianoff.substack.com/  

FIRE https://www.thefire.org/  

Support FIRE Today! https://www.thefire.org/donate  

The Canceling of the American Mind https://www.amazon.com/Canceling-American-Mind-Undermines-Threatens-ebook/dp/B0BTZT9PLM/ref=tmm_kin_swatch_0?_encoding=UTF8&sr=8-1  

Free Speech: A History from Socrates to Social Media  https://www.amazon.com/Free-Speech-History-Socrates-Social/dp/1541600495/ref=sr_1_1?sr=8-1  

Revolution in the Age of Social Media https://www.amazon.com/Revolution-Age-Social-Media-Insurrection-ebook/dp/B00GVZJWAM  

Free Speech, The People's Darling Privilege https://www.amazon.com/Free-Speech-Peoples-Darling-Privilege/dp/0822325292  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠  

Sunday, 23. June 2024

Zcash Foundation

Polling ZCAP: ZCG Election & Exploratory Dev Fund Poll #2

Today, we opened a Helios poll of the Zcash Community Advisory Panel (ZCAP), which will run until June 30th. The purpose of this poll is twofold:  ZCAP members should check their mailbox for instructions on how to vote. In the past, Helios emails have sometimes been flagged as spam, so if you can’t find the […] The post Polling ZCAP: ZCG Election & Exploratory Dev Fund Poll #2 appeared

Today, we opened a Helios poll of the Zcash Community Advisory Panel (ZCAP), which will run until June 30th. The purpose of this poll is twofold: 

to fill two seats on the Zcash Community Grants (ZCG) committee, and  to solicit further input from ZCAP regarding the design of a potential future Dev Fund, with a view to drafting a formal proposal based on that feedback.

ZCAP members should check their mailbox for instructions on how to vote. In the past, Helios emails have sometimes been flagged as spam, so if you can’t find the instructions please check your spam folder. 

Elections to the Zcash Community Grants Committee

Members of the Zcash Community Grants (ZCG) committee are elected by the Zcash Community Advisory Panel (ZCAP), and serve a one year term. Two of the current members’ terms are expiring at the end of June. Last month, we invited candidates to express their interest in serving on the committee.

Seven candidates are standing for two seats on the committee. Here is the list of candidates, with links to their candidacy announcements on the Zcash community forum: 

Roosevelt Gordones (gordonesTV on the forum) GGuy Wobbzz Samara Chidi (lisa001 on the forum) Kworks Peacemonger

Last Monday, the candidates took part in a Community Call, during which they introduced themselves and answered questions from the Zcash community. You can watch a recording of the call on Youtube

The poll will be decided by approval voting for two members out of the seven candidates. The poll will close at 09:00 UTC on 1st July 2024. As with previous polls, the election will be decided by approval voting. The two candidates with the most approval votes will become the new ZCG Committee members. They will serve a one-year term, ending on 30th June 2025.

Good luck to all the candidates, and thank you for volunteering to serve on the ZCG committee!

Polling ZCAP on the Design of a Proposal for a new Dev Fund

The results of the first exploratory ZCAP poll indicated support for a new Dev Fund, and majority approval of the Bootstrap Project (parent of the Electric Coin Company), the Zcash Community Grants program (ZCG), and the Zcash Foundation as potential recipients of a future Dev Fund. 

On the question of how long a new Dev Fund should last, the results were ambiguous, with substantial minority support for both a 1 year and 2 year duration. This aligns with the result of alternative polls conducted by community members. 

As part of this Helios poll, we are asking the following questions: 

Q2: If the Dev Fund is renewed, it:

Should remain 20% of the block reward Should be less than 20% of the block reward Should be more than 20% of the block reward

Q3: If the Dev Fund is renewed, how long should it last for before having to be renewed again?

1 year 2 years

We are also conducting a separate survey to solicit input regarding how the Dev Fund should be allocated between the recipients. 

While Helios is our preferred polling platform, it does not support arbitrary input by poll respondents. In this case, we want to allow ZCAP members to enter percentages to indicate how they believe the Dev Fund should be allocated.  Therefore, we will be using the Jotform platform for this survey.

The Jotform survey will ask the question: What percentage of a new Dev Fund should be allocated to each recipient?

Respondents will be able to enter percentage values to reflect how they believe the Dev Fund should be allocated between the Bootstrap Project (parent of the Electric Coin Company), the Zcash Community Grants program (ZCG), and the Zcash Foundation (ZF). 

ZCAP members will receive emails directly from Jotform inviting them to register their responses. Those responses will be averaged, and rounded to the nearest whole percentage point to produce an allocation that will form part of the ZIP proposal that the Zcash Foundation will draft and present for the community’s consideration, alongside other proposals. 

Note that ECC has stated that they are open to either (a) allowing the Dev Fund to expire in November, while the community works on a model where development funds flow into a grants pool(s) that are managed in a decentralized way, or (b) extending the existing development fund for no longer than one year.

In the event that ECC declines to accept funding under a proposal that is drafted based on the results of this survey, ZF may adapt the proposal accordingly, taking into account other feedback from our exploratory polling. 

If the community indicates a preference for a two year Dev Fund but ECC will only accept funding for one year, the remaining funds will be assigned to ZCG. 

As previously stated above, the objective of this exploratory Dev Fund polling process is to obtain sufficient insight into the Zcash community’s collective sentiment to draft a Dev Fund proposal that reflects that sentiment, and can be assessed alongside other proposals from ECC and other community members. We expect that there will be a final run-off poll to determine whether any proposal has consensus support across the Zcash community. 

Both the Helios poll and Jotform survey will close at 09:00 UTC on 1st July 2024. 

As always, we welcome the community’s feedback. If you have comments or suggestions, please join the conversation on the Zcash community forum

The post Polling ZCAP: ZCG Election & Exploratory Dev Fund Poll #2 appeared first on Zcash Foundation.

Friday, 21. June 2024

Greylock Partners

Congrats, Rockset!

The post Congrats, Rockset! appeared first on Greylock.

The post Congrats, Rockset! appeared first on Greylock.


Epicenter Podcast

Plurality: How Taiwan Managed to Unite Its People Through Tech - Audrey Tang & Glen Weyl

In a world constantly torn by social division amplified by polarizing scissor statements throughout social media, Taiwan conducted a social experiment aimed at strengthening social unity while also embracing diversity. Plurality details how Taiwan’s Digital Minister Audrey Tang and her collaborators achieved inclusive, technology-fueled growth that harnessed digital tools to provide an antidote to

In a world constantly torn by social division amplified by polarizing scissor statements throughout social media, Taiwan conducted a social experiment aimed at strengthening social unity while also embracing diversity. Plurality details how Taiwan’s Digital Minister Audrey Tang and her collaborators achieved inclusive, technology-fueled growth that harnessed digital tools to provide an antidote to information chaos and warfare. The open-source book is living proof that present global challenges can be solved through democratic solutions that embody a decentralised ethos.

We were joined by Audrey Tang and Glen Weyl, co-authors of Plurality, to discuss the social dynamics they studied and how technology can be used to unite rather than divide.

Topics covered in this episode:

How Audrey & Glen met and Plurality’s genesis Audrey’s journey from civic hacker to Taiwan’s Digital Affairs Minister How democracy is perceived around the world Establishing a co-creating mentality Scissor statements and how to avoid division How Polis works Leveraging Web3 to strengthen democracy & social collaboration Decentralised co-ownership Web3 governance Human facilitators

Episode links:

Audrey Tang on Twitter Glen Weyl on Twitter Plurality Book on Twitter Plurality Institute on Twitter Radical xChange

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Friederike Ernst.


bankless

ROLLUP: ETH Beats SEC! | Trump Coin? | LayerZero Token | ETH ETF Trading Soon

Bankless Friday Weekly Rollup  3rd Week of June 2024 The SEC drops all charges against Ethereum 2.0—could it now be recognized as a commodity? Plus, hints surface about the launch date of the ETH ETF! Airdrop season is still alive and well! LayerZero and zkSync tokens launched recently. Find out if you’re eligible and the market’s reaction. And, did Baron Trump really launch a DJ

Bankless Friday Weekly Rollup  3rd Week of June 2024

The SEC drops all charges against Ethereum 2.0—could it now be recognized as a commodity? Plus, hints surface about the launch date of the ETH ETF!

Airdrop season is still alive and well! LayerZero and zkSync tokens launched recently. Find out if you’re eligible and the market’s reaction.

And, did Baron Trump really launch a DJT memecoin on Solana? We unpack the latest buzz and drama. Tune in for all the details and so much more!

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/18 ------ 📣STAKEWISE | LIQUID SOLO STAKING https://bankless.cc/Pod_StakeWise   

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS & RESOURCES

0:00 Intro

2:55 MARKET https://x.com/WhalePanda/status/1802958996392870368  https://www.theblock.co/data/crypto-markets/bitcoin-etf/spot-bitcoin-etf-flows  https://x.com/CryptoDonAlt/status/1802743515941609572  https://www.tradingview.com/chart/?symbol=AMEX%3ASPY  https://x.com/saylor/status/1803763490928119950 

9:35 ETH Price & ETH ETF Going Live  https://x.com/EricBalchunas/status/1801725292404261308 

13:03 Total Crypto Market Cap

13:46 L2Beat https://dune.com/hildobby/blobs  https://dune.com/sealaunch/dex-metrics-on-base?Select+Date+Granularity_ed0f38=week&Select+Timeframe_ed47bb=365  https://imgur.com/YuXZfAv  https://x.com/WazzCrypto/status/1803858912166449480  https://twitter.com/wbnns/status/1803217959479025857    18:40 Combo ETH + BTC ETF https://x.com/NateGeraci/status/1803080047303036971  https://x.com/Matt_Hougan/status/1803767324605886515  https://x.com/matthew_sigel/status/1801342560977190937  https://youtu.be/T2Ur8Dhc3uQ?si=Obqn5eY89sEUEdwi  https://youtu.be/KUMGYEKIiGw?si=fS4pae1N_rr1f0C0  

21:35 AIRDROP Season in full swing Bankless Claimables and AIrdrop Hunter https://www.bankless.com/claimables/reveal  https://x.com/LayerZero_Fndn/status/1803744985029788042  https://www.coingecko.com/en/coins/layerzero  https://x.com/LayerZero_Fndn/status/1803742303204323494  https://layerzero.foundation/claim  https://www.theblock.co/post/300389/zksync-live-mcap-airdrop  https://www.coingecko.com/en/coins/zksync  https://x.com/TheZKNation/status/1802626483770265991  https://x.com/TheZKNation/status/1801378349442269345  https://docs.zknation.io/zk-token/zk-token-faq  https://x.com/nansen_ai/status/1803003153820082270   https://x.com/cobie/status/1803071393484939602 

31:58 MOTHER + DADDY Update  https://www.coingecko.com/en/coins/mother-iggy  https://x.com/IGGYAZALEA  https://x.com/jimcramer/status/1800893795346637193  https://www.coingecko.com/en/coins/daddy-tate 

37:21 What’s going on with $DJT?  https://www.coingecko.com/en/coins/trumpcoin-2  https://x.com/PirateWires/status/1802825492405669930  https://www.newsweek.com/crypto-djt-barron-trump-martin-shkreli-1915147  https://x.com/ArkhamIntel/status/1803161788164288875  https://x.com/ArkhamIntel/status/1803471430727901455  https://x.com/zachxbt/status/1803240784436797871  https://x.com/zachxbt/status/1803371615524364503  https://x.com/jmgramke/status/1803792368388264399  https://x.com/WatcherGuru/status/1803759609808564306  https://x.com/MartinShkreli/status/1803821631279612367 

50:38 U.S. SEC closes investigation in Ethereum! https://x.com/Consensys/status/1803230653120659641  https://x.com/laurabrooksie1/status/1803237492130234633  https://x.com/RyanSAdams/status/1803412140289560849  https://x.com/RyanSAdams/status/1803783619997052977 

54:30 BitWise launches a new Ethereum ad for their incoming ETH ETF  https://x.com/BitwiseInvest/status/1803789737620078875  https://zora.co/collect/base:0x9ada0269656e7855c95f54a34d4ef94f78892038/1 

1:00:12 Kraken exploit for 3m and some drama - vs Certik  https://x.com/c7five/status/1803403565865771370  https://x.com/P3b7_/status/1803479749005549647  https://x.com/tayvano_/status/1803478049280893040  https://x.com/sethforprivacy/status/1803520795735683528 

1:06:34 Donald Trump wants all remaining Bitcoin to be 'Made in USA' https://x.com/intangiblecoins/status/1801771689249787936 

1:08:06 Optimism & Tether Releases https://x.com/Optimism/status/1800974991313469445  https://chain.box  https://x.com/Alloy_tether/status/1802676443781923289 

1:10:45 Bankless ETHCC Meetup https://lu.ma/k0amrrnz 

1:12:10 Who won the ETH ETF Pitch competition?  https://www.jokerace.io/contest/base/0x0f2211f6727e85dbfae20e7dbfe57875a1f2b706 

1:13:45 Another voting for Bankless Nation!  https://www.jokerace.io/contest/base/0x0bac0ec9b6aeafa6c2212f67a67950940eda63a7 

1:15:38 MEME of the Week  https://x.com/PleasrDAO/status/1803572250278514999 

1:16:17 Closing & Disclaimers

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 


Nym - Medium

AI-surveillance won’t save your kids: Chat control rearing its head again

More snake oil lubricating new attempt at mass surveillance in EU The specter of mass surveillance continues to loom over Europe. Despite all the advancements made by the General Data Protection Act (GDPR), getting around data encryption is still a target. Unfortunately it is all too common for violations to our civil liberties to clothe themselves in promises of protecting us from mon
More snake oil lubricating new attempt at mass surveillance in EU

The specter of mass surveillance continues to loom over Europe. Despite all the advancements made by the General Data Protection Act (GDPR), getting around data encryption is still a target.

Unfortunately it is all too common for violations to our civil liberties to clothe themselves in promises of protecting us from monsters. The EU proposal for the “Regulation laying down rules to prevent and combat child sexual abuse” (CSA Regulation, or CSAR) is a stunning case in point. The regulation was once again up for vote in the European Parliament this week. Thankfully it was ultimately postponed yesterday due to the controversy surrounding what privacy advocates are calling possibly “the most criticised draft EU law of all time.”

Screenshot taken on 21 June 2024

CSAR essentially provides web clients with AI-powered surveillance technology to undermine the encryption protecting everyone’s personal files and communications. This is all in the name of combatting child sexual abuse, but don’t be fooled by this wolf in sheep’s clothing. EU citizens are being given a false choice: private communications or sexual predators? Fortunately, many, including those in the Nym core team and community, are speaking out urgently against it.

The Nym team has been closely following the creeping advancement of versions 1.0 and 2.0 of “Chat control” since its inception in 2022. It is once again seeking a discussion and possible vote with deceptively revised language. However, the changes simply dampen the tone of its mass surveillance strategy. This is all just a sleight of hand to try to bypass GDPR commitments to protect end-to-end data encryption. While encryption may be left untouched by CSAR, a more ominous backdoor on encryption is proposed which would carry out an even deeper device surveillance en masse.

Below is what is at stake in the CSAR proposal and why it is such a threat to the online privacy of everyone in the EU and globally.

What is chat control?

The CSAR legislation, which has come to be known by critics as “chat control,” is a regulatory attempt to locate and block the traffic of child pornography and abuse “prior to transmission.” While few should disagree with the objective, experts have been shouting from the rooftops that the proposed regulation will simply not be effective. Worse, it authorizes and enforces a surveillance backdoor into the devices of a whole continent of users.

Client-Side Scanning (CSS)

CSAR’s proposed solution to the problem of child sexual abuse material (otherwise called CSAM) is mass surveillance through Client-Side Scanning (CSS). Rather than compromising encrypted transmissions, it essentially scans data on devices or servers before encryption occurs. This would undermine the security of communications and the principles of end-to-end encryption for everyone.

Encryption is the cornerstone of secure communication. When you do something online through an encrypted connection — sending personal photos to friends or family, or using your credit card online — you can rest reasonably assured that outside parties cannot access or exploit your data. Original CSAR efforts hoped to compel web services to break the encryption protecting the contents of clients’ communications. With encryption broken, all messages could be scanned for targeted material. Fortunately this was met with a huge backlash from civil society and privacy advocates.

What is currently being proposed are CSS technologies which would legally permit and enable web services to scan or “monitor” the files and communications on your device before encryption is even applied. Imagine that Apple is able to regularly scan your iPhoto or iMessenger apps for pre-programmed data points deemed to be a threat. Or that a private communications service is given the legal order to do so. In fact, Signal’s president has even publicly stated that they will withdraw their services from EU jurisdictions rather than allow such a compromise on the security of their users.

Screenshot taken on 21 June 2024 CSS technology “deeply flawed,” scientists say

Any surveillance scanning program needs to search for something particular. The big question is: can it discernibly find its targets without hauling in unrelated data? In the case of CSAR, the stated goal is to scan users’ devices for potential instances of CSAM. This means, for example, photos depicting children nude or sexually, or messages describing such acts. But how would this even work exactly?

Essentially a data analysis program likely powered by AI will be given access to everyone’s unencrypted content on a device or server. The system will flag mass amounts of potential threats based on data points before sending all cases to a human team for verification. This team will then have access to your personal files and communications to determine whether you’ve done anything wrong. Suspicious content or activity will then be forwarded to law enforcement authorities for further investigation.

Researchers have been very vocal in warning of how error-prone this technology can be, both technically-speaking and as a detriment to civil liberties. Imagine a false-positive, where a parent’s personal photos of their children are flagged by an algorithm and then viewed and reviewed by analysts before being passed on to law-enforcement. Data scientists have warned that such “scanning is doomed to be ineffective,” and done on a large scale will create “side-effects that can be extremely harmful for everyone online, and which could make the Internet and the digital society less safe for everybody.”

Timeline

CSAR has been struggling through the EU Parliament since its introduction in 2022. It is back this week with a strategically scheduled discussion under the radar of the recent parliamentary elections. Here’s the key timeline to see its advance, changes, and current status.

11 May 2022: The original CSAR proposition is introduced. June 2022: it was revealed that Hollywood actor Ashton Kutchner had been working with Home Affairs Commissioner Ylva Johansson lobbying for the then called CSAR, to the benefit of Thorn, an organization he co-founded. Thorn sells the AI tools that would be used to scan people’s devices. (Kutchner later stepped down as chairman of Thorn after defending a convicted rapist). 13 April 2023: A report commissioned by the European Parliament on the impact of the CSAR proposal was presented to the EU Parliament’s Committee on Civil Liberties, Justice and Home Affairs. July 2023: Open letter from 465 scientific and research signatories is sent to the EU commission. Scientists warn explicitly against the likely inefficiencies of the proposed technologies and their undermining of “a secure digital future for our society” and “democratic processes in Europe and beyond.” 2 May 2024: New open letter from 312 scientists and researchers in 32 countries is sent to the EU. They reiterate that the language changes to the CSAR proposal will not change “deeply faulty” and dangerous technology. The letter is co-authored by Bart Praneel, privacy advocate, professor, and Nym Tech advisor. 13 February 2024: Ruling by the European Court of Human Rights in Podchasov v. Russia emphasizes the role of end-to-end encryption for “securing and protecting the privacy of electronic communications” and insuring “the enjoyment of other fundamental rights, such as freedom of expression.” 20 June 2024: Discussion and vote on revised CSAR is scheduled after postponement (see item 28 under “Justice and Internal Affairs”). Vote is finally cancelled!

It’s important to note that the CSAR document is a legislative proposition and has no legal effect unless approved by the parliamentary body. Nonetheless, it is important for EU citizens to contact their representatives and protest against these efforts to violate civil liberties.

Legislative language games

How things are expressed in language can have significant effects on us: a luring turn of phrase can make us want something we probably don’t, or turn us off to something that’s really not that bad. Sometimes, phrasing can be so monotonous and abstract that we don’t even notice that what we’re digesting a poison pill.

Enter the CSAR’s latest proposal for “technologies for upload moderation.” When reading through hundreds of pages of parliamentary regulations, phrases like this can easily go unnnoticed, which is exactly what they are designed to do. So what does it mean exactly?

Screenshot taken on 21 June 2024

Let’s break this down.

[1] “Providers of interpersonal communications services” means any web service that handles your digital communications with other people. This is a broad scope. It clearly applies to messaging apps like WhatsApp, even privacy-focused and encrypted ones like Signal. But it also applies to larger companies like Apple which provide photo and messaging services, let alone operating systems.

[2] The legal order of “shall install and operate” this CSS technologies entails that communications services will not only will be able to do so, but that they must (or “shall”).

[3] This is the crux of the matter: detecting the object of surveillance [4] “prior to transmission” means before encryption. Once encryption is in place, detection of any sought after digital material would require breaking encryption, which is not on the table. So this technology amounts to mass device scanning, which only device providers or app and web service operators can perform on behalf of authorities. Since the goal of encrypted data is to protect against third-party access, this technology is essentially a backdoor to encryption.

[4] While the goal of this scanning might well be the detection of CSAM, locating it means that the AI programs first have access to all of our data or communications. First, there is a big difference between “known child sexual abuse material” (for instance, a photo or video already identified by authorities) and “new child sexual abuse material.” With the latter, the capacities of any AI-program are capable of making tremendous errors in distinguishing between child pornography from private family photos with no sexual intent.

So “upload moderation,” which sounds as innocuous as “making sure people only post a reasonable amount of material online,” actually means “AI-enabled data surveillance on all users’ devices before encryption for law enforcement purposes.” Add “untested” and “scientifically improbable and error-prone” to this “technology,” and we’re closer to the truth.

Breaking encryption or taking it from behind?

A lot of the backlash against CSAR has revolved around whether it “breaks” end-to-end encryption for data transmissions. Data encryption was protected by the GDPR and recently reinforced by the recent European Court of Human Rights decision in Podchasov v. Russia (2024). As Meredith Whittaker, the President of Signal, has noted, this amounts to nothing more than a play on language or “rebranding”:

“[M]andating mass scanning of private communications fundamentally undermines encryption. Full stop. […] We can call it a backdoor, a front door, or ‘upload moderation.’ But whatever we call it, each one of these approaches creates a vulnerability that can be exploited by hackers and hostile nation states, removing the protection of unbreakable math and putting in its place a high-value vulnerability.”

By enabling web services who facilitate our data to scan it all on our devices or on their servers before any encryption is applied during transmission is not technically “breaking encryption.” In fact, it’s much worse: a backdoor for automated AI algorithms to serve an intermediary surveillance role in connecting our personal data with authorities.

The CSAR proposition has much contradcitory praise for the value of end-to-end encryption. “[E]nd-to-end encryption,” the CSAR admits, “is a necessary means of protecting fundamental rights and the digital security of governments, industry and society.”

And yet what it is seeking to create would explicitly undermine the same data privacy that data encryption is meant to protect. The surveillance or “monitoring” technology, the proposition makes clear (26a),

“ensures that the detection mechanism can access the data in its unencrypted form for effective analysis and action, without compromising the protection provided by end-to-end encryption once the data is transmitted.”

How surveillance can “access the data in its unencrypted form […] without compromising” end-to-end encryption is a brazen piece of bullshittery.

User consent

Another big change in the CSAR proposal is that users must be asked to consent to these surveillance technologies being used:

“child sexual abuse material should remain detectable in all interpersonal communications services through the application of vetted technologies, when uploaded, under the condition that the users give their explicit consent under the provider’s terms and conditions.”

What does this mean exactly? Any user that does not give their consent to having their data scanned can still use the web service, as long as it “does not involve the sending of visual content and URLs.” This can effectively render many communications services inoperable. So imagine that you want a private messaging app, but the EU forces them to scan your data beforehand, and you refuse for good reason. Since the app also allows the sending of photos and links, you simply can’t use the service.

Conclusion

The vote on CSAR has been postponed, but it is by no means over. The bill will raise its ugly head once again, maybe with further revisions to language that will try to calm the waters to push mass digital surveillance on Europe.

However, what is clear to many is that this sort of mass surveillance will not solve the problem, which is a social problem rather than a technical one. As Bart Praneel, one of Nym’s close advisors, has commented: it’s “unclear why some governments keep pushing for this mass surveillance approach rather than focusing on prevention of sexual abuse of children.”

Harm against children should be prevented through funding of social services and other preventative means. Ella Jukubowska and EDri have been researching real alternatives to the problem of CSAM and child abuse, online and off. Abuse should not be used as a cynical PR stunt to break encryption and compromise the privacy and security of the entire European population in the process. And we should not be willingly allowing governments to violate our rights to privacy out of fear for monsters.

Hopefully this latest delay to vote is a sign that regulators are starting to wake up to this fact.

Nym Dispatch

The Nym Dispatch series deep-dives into the online and social privacy ecosystem. Tune in to learn more about the risks and money-making tactics of the online surveillance economy, starting with the free VPN market. The series will soon cover the logging practices of free VPNs; their deliberately vague consent contracts; how, why, and to whom they sell our data; and their invasive advertising practices.

Join the Nym Community

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AI-surveillance won’t save your kids: Chat control rearing its head again was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.

Thursday, 20. June 2024

Sequoia

AI’s $600B Question

The post AI’s $600B Question appeared first on Sequoia Capital.
AI’s $600B Question

The AI bubble is reaching a tipping point. Navigating what comes next will be essential.

By David Cahn Published June 20, 2024

In September 2023, I published AI’s $200B Question. The goal of the piece was to ask the question: “Where is all the revenue?” 

At that time, I noticed a big gap between the revenue expectations implied by the AI infrastructure build-out, and actual revenue growth in the AI ecosystem, which is also a proxy for end-user value. I described this as a “$125B hole that needs to be filled for each year of CapEx at today’s levels.” 

This week, Nvidia completed its ascent to become the most valuable company in the world. In the weeks leading up to this, I’ve received numerous requests for the updated math behind my analysis. Has AI’s $200B question been solved, or exacerbated?

If you run this analysis again today, here are the results you get: AI’s $200B question is now AI’s $600B question.

Note: It’s easy to calculate this metric directly. All you have to do is to take Nvidia’s run-rate revenue forecast and multiply it by 2x to reflect the total cost of AI data centers (GPUs are half of the total cost of ownership—the other half includes energy, buildings, backup generators, etc)1. Then you multiply by 2x again, to reflect a 50% gross margin for the end-user of the GPU, (e.g., the startup or business buying AI compute from Azure or AWS or GCP, who needs to make money as well).

What has changed since September 2023? 

The supply shortage has subsided: Late 2023 was the peak of the GPU supply shortage. Startups were calling VCs, calling anyone that would talk to them, asking for help getting access to GPUs. Today, that concern has been almost entirely eliminated. For most people I speak with, it’s relatively easy to get GPUs now with reasonable lead times. GPU stockpiles are growing: Nvidia reported in Q4 that about half of its data center revenue came from the large cloud providers. Microsoft alone likely represented approximately 22% of Nvidia’s Q4 revenue. Hyperscale CapEx is reaching historic levels. These investments were a major theme of Big Tech Q1 ‘24 earnings, with CEOs effectively telling the market: “We’re going to invest in GPUs whether you like it or not.” Stockpiling hardware is not a new phenomenon, and the catalyst for a reset will be once the stockpiles are large enough that demand decreases. OpenAI still has the lion’s share of AI revenue: The Information recently reported that OpenAI’s revenue is now $3.4B, up from $1.6B in late 2023. While we’ve seen a handful of startups scale revenues into the <$100M range, the gap between OpenAI and everyone else continues to loom large. Outside of ChatGPT, how many AI products are consumers really using today? Consider how much value you get from Netflix for $15.49/month or Spotify for $11.99. Long term, AI companies will need to deliver significant value for consumers to continue opening their wallets.   The $125B hole is now a $500B hole: In the last analysis, I generously assumed that each of Google, Microsoft, Apple and Meta will be able to generate $10B annually from new AI-related revenue. I also assumed $5B in new AI revenue for each of Oracle, ByteDance, Alibaba, Tencent, X, and Tesla. Even if this remains true and we add a few more companies to the list, the $125B hole is now going to become a $500B hole.  It’s not over—the B100 is coming: Earlier this year, Nvidia announced their B100 chip, which will have 2.5x better performance for only 25% more cost. I expect this will lead to a final surge in demand for NVDA chips. The B100 represents a dramatic cost vs. performance improvement over the H100, and there will likely be yet another supply shortage as everyone tries to get their hands on B100s later this year.

One of the major rebuttals to my last piece was that “GPU CapEx is like building railroads” and eventually the trains will come, as will the destinations—the new agriculture exports, amusement parks, malls, etc. I actually agree with this, but I think it misses a few points:

Lack of pricing power: In the case of physical infrastructure build outs, there is some intrinsic value associated with the infrastructure you are building. If you own the tracks between San Francisco and Los Angeles, you likely have some kind of monopolistic pricing power, because there can only be so many tracks laid between place A and place B. In the case of GPU data centers, there is much less pricing power. GPU computing is increasingly turning into a commodity, metered per hour. Unlike the CPU cloud, which became an oligopoly, new entrants building dedicated AI clouds continue to flood the market. Without a monopoly or oligopoly, high fixed cost + low marginal cost businesses almost always see prices competed down to marginal cost (e.g., airlines). Investment incineration: Even in the case of railroads—and in the case of many new technologies—speculative investment frenzies often lead to high rates of capital incineration. The Engines that Moves Markets is one of the best textbooks on technology investing, and the major takeaway—indeed, focused on railroads—is that a lot of people lose a lot of money during speculative technology waves. It’s hard to pick winners, but much easier to pick losers (canals, in the case of railroads). Depreciation: We know from the history of technology that semiconductors tend to get better and better. Nvidia is going to keep producing better next-generation chips like the B100. This will lead to more rapid depreciation of the last-gen chips. Because the market under-appreciates the B100 and the rate at which next-gen chips will improve, it overestimates the extent to which H100s purchased today will hold their value in 3-4 years. Again, this parallel doesn’t exist for physical infrastructure, which does not follow any “Moore’s Law” type curve, such that cost vs. performance continuously improves.  Winners vs. losers: I think we need to look carefully at winners and losers—there are always winners during periods of excess infrastructure building. AI is likely to be the next transformative technology wave, and as I mentioned in the last piece, declining prices for GPU computing is actually good for long-term innovation and good for startups. If my forecast comes to bear, it will cause harm primarily to investors. Founders and company builders will continue to build in AI—and they will be more likely to succeed, because they will benefit both from lower costs and from learnings accrued during this period of experimentation. 

A huge amount of economic value is going to be created by AI. Company builders focused on delivering value to end users will be rewarded handsomely. We are living through what has the potential to be a generation-defining technology wave. Companies like Nvidia deserve enormous credit for the role they’ve played in enabling this transition, and are likely to play a critical role in the ecosystem for a long time to come.

Speculative frenzies are part of technology, and so they are not something to be afraid of. Those who remain level-headed through this moment have the chance to build extremely important companies. But we need to make sure not to believe in the delusion that has now spread from Silicon Valley to the rest of the country, and indeed the world. That delusion says that we’re all going to get rich quick, because AGI is coming tomorrow, and we all need to stockpile the only valuable resource, which is GPUs. 

In reality, the road ahead is going to be a long one. It will have ups and downs. But almost certainly it will be worthwhile.

If you are building in this space, we’d love to hear from you. Please reach out at dcahn@sequoiacap.com

Some commenters challenged my 50% assumption on non-GPU data center costs, which I summarized as energy costs. Nvidia actually came to the exact same metric, which you can see on Page 14 of their October 2023 analyst day presentation, published a few days after my last piece. Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI AI’s $200B Question By David Cahn Perspective Read AI in 2024: From Big Bang to Primordial Soup By David Cahn Perspective Read AI Ascent 2024 Video highlights from our AI conference. Perspective Read AI 50: Companies of the Future Konstantine Buhler on the 2024 AI 50 list Perspective Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post AI’s $600B Question appeared first on Sequoia Capital.


Partnering with Day.ai: Customer Obsession, Productized

The post Partnering with Day.ai: Customer Obsession, Productized appeared first on Sequoia Capital.
Partnering with Day.ai: Customer Obsession, Productized

A decade after Christopher and Michael built HubSpot’s original sales suite, AI is opening up new pathways for forging customer relationships—and Day.ai is leading the way.

By Dannie Herzberg Published June 20, 2024 Day.ai co-founders Christopher O’Donnell and Michael Pici at Sequoia’s office in New York.

The story of Hubspot, where I first met Christopher O’Donnell and Michael Pici, is a tale with two distinct chapters. In chapter one, the company built a world-class marketing and sales machine. But that was just the beginning. Chapter two focused on creating a sales product that served as its own flywheel for growth—and impressively, it arguably eclipsed chapter one, in large part thanks to Christopher and Michael.

When I joined the team in 2010, Hubspot was in its earliest innings with a lean startup team striving to build a comprehensive marketing suite. A few years later, our leadership made the bold decision to expand into a sales product suite, and Christopher and Michael led the execution. They were a dynamic duo; Michael took a highly customer-centric approach and interviewed every early user he could find, while on the product side Christopher used that feedback to build a simple, intuitive interface that people loved. Together they incubated, launched and scaled what are now called CRM and Sales Hub.

For the rest of their tenure at Hubspot, they continued working closely. Christopher built a reputation for his ability to not only execute but also recruit, and ultimately rose to CPO, while Michael was beloved for his range across both sales and product and became VP of Product, Revenue. Eventually, each of them left to explore new opportunities; Christopher hired 100 PMs, designers and engineers in just a year as CPO of Thrive, while Michael became a growth advisor to B2B SaaS companies, including several in Sequoia’s portfolio.

But after less than two years apart, they came back together—this time, to build Day.ai.

Christopher and Michael understood that at the heart of any sales process is a nuanced relationship between a company offering its product and a buyer eager to solve a pain point—and they knew that even in the best CRM platform, subtleties get lost. Maybe you schedule a Zoom call, then you take notes manually—and then you pull out your takeaways to share with your team. Each step is time-consuming, and it’s also subjective: you probably aren’t sharing the way someone’s voice changed at a key moment in your call, or the exact questions they asked, or the fact that you’re now talking on text as well as email and have shared photos of your kids. In short, you’re capturing imperfect information—which makes your forecasts imperfect, too.

But Christopher and Michael also recognized something else: that AI has ushered in a categorical shift in how software can serve humanity. What would happen if they combined that fact with everything they’d already learned about the customer journey, and how to bake it into a product?

It was an exciting question—so exciting that I boarded a redeye last May to visit Christopher at his home and discuss it. I remember touring his music studio and collection of guitars, and then his kids’ Lego collection, and thinking how well the combination summed up Christopher—an artist and a builder in one. At the time, Day.ai was barely a week old; they had a brand-new idea and no code. But we knew Christopher and Michael were a team we could believe in, and we were delighted that they gave us the opportunity to lead their seed round.

Since then, they have been hard at work, designing Day.ai from first principles of what relationship-building really means. Through our partnership and in Arc, Sequoia’s immersion for pre-seed and seed-stage founders, we’ve had a front-row seat to Christoper and Michael’s time-tested process, as they conducted hundreds of interviews, collected data in—where else?—Day.ai, and used it to test their hypotheses. And just as they did a decade ago, they are constantly trading notes, iterating and looking for ways to improve. Already, early access users are praising Day.ai’s seamless integration with existing productivity tools, and seeing real benefits from bringing customer voices into more of their daily decisions.

Here’s one user perspective: As an investor, I want to give my full focus to the founders I meet. I need to understand what they’re building so I can share it with my partners, but I also want to foster a relationship with them, and make sure they feel known and remembered the next time we talk. Sometimes those two goals are at odds. When I use Day.ai, though, I know it will save all the key points from a meeting automatically. I can give a founder all my attention and never miss a beat.

Even more exciting, this is just the beginning. While Christopher, Michael and their team have started by automating notes and action items from meetings and emails, they have a broader vision that includes pairing those captured conversations with other data to organize all business relationship data and suggest steps forward. To be sure, it will be no small feat to fundamentally change how relationships are managed at scale—but with this dynamic duo leading the way, there’s no telling what Day.ai can do.

Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI #Enterprise #Funding announcement Statsig’s Vijaye Raji wants you to think impact Spotlight Read AI Ascent 2024 Video highlights from our AI conference. Perspective Read Augmenting Human Intellect, No Code Required Notion is growing an enduring business by nurturing the creative community. Spotlight Read David Cancel of Drift on the Perks of Being an Outsider Spotlight Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post Partnering with Day.ai: Customer Obsession, Productized appeared first on Sequoia Capital.

Wednesday, 19. June 2024

bankless

Diaries of an ETH Maxi on Wall Street | Sam Jernigan

Sam Jernigan, the “Unofficial ETH Maxi of Wall Street”, has been evangelizing Ethereum to institutional funds and billionaires from inside the house for the past five years. Having the perfect blend of deep Ethereum knowledge and the full Wall Street experience, Sam guides us through how he became an ETH Maxi, why the lack of understanding of ETH in TradFi is the most bullish case for the asset

Sam Jernigan, the “Unofficial ETH Maxi of Wall Street”, has been evangelizing Ethereum to institutional funds and billionaires from inside the house for the past five years.

Having the perfect blend of deep Ethereum knowledge and the full Wall Street experience, Sam guides us through how he became an ETH Maxi, why the lack of understanding of ETH in TradFi is the most bullish case for the asset and what the future holds for ETH institutional adoption.

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/17 

------ 📣STAKEWISE | LIQUID SOLO STAKING https://bankless.cc/Pod_StakeWise 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

------ TIMESTAMPS

0:00 Intro 7:47 Defining TradFi 20:05 Ethereum’s P/E Ratio 23:49 Sam’s Background 40:44 Becoming an ETH Maxi 52:57 The State of ETH in TradFi 57:38 ETH Bull Case 1:06:11 The Flippening 1:12:11 ETH ETF 1:19:26 Security vs Commodity Debate 1:24:00 TradFi: Friend or Foe? 1:34:39 Regulation 1:46:07 Closing & Disclaimers

------ RESOURCES

Sam Jernigan on X https://x.com/sjerniganiv  

Sam Jernigan on LikedIn https://www.linkedin.com/in/samjernigan07302015/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠    


a16z Podcast

The Science and Supply of GLP-1s

Brooke Boyarsky Pratt, founder and CEO of knownwell, joins Vineeta Agarwala, general partner at a16z Bio + Health. Together, they talk about the value of obesity medicine practitioners, patient-centric medical homes, and how Brooke believes the metabolic health space will evolve over time. This is the second episode in Raising Health’s series on the science and supply of GLP-1s. Listen to last w

Brooke Boyarsky Pratt, founder and CEO of knownwell, joins Vineeta Agarwala, general partner at a16z Bio + Health.

Together, they talk about the value of obesity medicine practitioners, patient-centric medical homes, and how Brooke believes the metabolic health space will evolve over time.

This is the second episode in Raising Health’s series on the science and supply of GLP-1s. Listen to last week's episode to hear from Carolyn Jasik, Chief Medical Officer at Omada Health, on GLP-1s from a clinical perspective.

 

Listen to more from Raising Health’s series on GLP-1s:

The science of satiety: https://raisinghealth.simplecast.com/episodes/the-science-and-supply-of-glp-1s-with-carolyn-jasik

Payers, providers and pricing: https://raisinghealth.simplecast.com/episodes/the-science-and-supply-of-glp-1s-with-chronis-manolis

 

Stay Updated: 

Let us know what you think: https://ratethispodcast.com/a16z

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Tuesday, 18. June 2024

Sequoia

Goldilocks Agents

The post Goldilocks Agents appeared first on Sequoia Capital.
“Goldilocks” Agents and the Power of Custom Cognitive Architectures

The quickening evolution of more capable and reliable AI agents.

By Sonya Huang and Pat Grady Published June 18, 2024

After ChatGPT, the next big turning point for AI was the arrival of agents that could use LLMs to interact with the world autonomously. Projects like AutoGPT skyrocketed in popularity, but then died down just as quickly as reality didn’t live up to the hype.

But this year something interesting started to happen—more realistic agents have come online and are gaining product traction, whether in customer support or coding. New ways to build and deploy agents are improving their performance and reliability.

This is important because agents are still key to the promise of AI: LLMs are great, but having the AI actually be able to plan and act on your behalf…that’s where things get really interesting. The more AI can be a worker rather than a tool, the more leverage it can provide us.

To explore this theme, we talked to Harrison Chase, founder and CEO of LangChain, on our Training Data podcast. Harrison started creating the infrastructure for LLM-powered agents before ChatGPT was even launched, and LangChain has become the default framework for developing agentic applications. He’s well positioned to help us learn about the evolution underway with agents.

The spectrum of agents

Let’s define an agent as any application that lets an LLM control the flow of the application.

With the benefit of 20/20 hindsight, it is clear that AutoGPT was too general and unconstrained to match our expectations. While it was exciting for capturing imagination, as a proof-of-concept for how LLMs might evolve to become general agents, it was too unconstrained to do useful things reliably.

The secret sauce behind the newest cohort of agents is that they use custom cognitive architectures to provide guardrails and a framework for controlling state to keep agents focused and not flying off the rails, while also embracing the full power and capabilities of LLMs.

One helpful way to frame the types of agents we see in the wild is a spectrum between simple, hard-coded agents and full-blown autonomous agents. This framing illuminates the “happy middle” where we are most likely to see useful agents emerge in the near to medium term.

On the simplest end of the spectrum, LLMs act as “routers” to decide which path to go down, with perhaps a classification step. In this case LLM calls govern the flow of the application, but most of the logic is still hard coded. At the other extreme, you have fully autonomous agents, like AutoGPT. Agents based on simple chains are not flexible or powerful enough to really take advantage of the LLM paradigm, while fully autonomous agents fail too often to be useful.

Developers are finding their Goldilocks “just right” balance in the middle of the agent spectrum, where they hand over a lot of the control flow to LLMs, but still maintain a set of rails and a sense of “state.”

The Goldilocks middle provides the best balance of power, flexibility and control, but it is also the hardest type of agent for developers to build—it requires a custom cognitive architecture that is structured but also non-deterministic. A fully autonomous agent can be implemented with very little code; at the extreme, you just have the agent in a for-loop picking an action every move. Simple agents are also easy to code, since there is very little stochastic variability to control for. Developing in the middle requires you to hand substantial control (and thus, stochastic variability) over to LLMs, while also controlling a high-level application flow and state management.

Harrison shared a brilliant quote from Jeff Bezos on our podcast, “Focus on what makes your beer taste better,” making an analogy between how breweries at the turn of the 20th century made their own electricity and tech companies ran their own infrastructure before AWS. In a world where agents fall over more often than not, where 12-13% on SWE-bench is considered state-of-the-art, implementing a custom cognitive architecture absolutely makes your beer taste better. 

Keeping ahead of the models

But for how long? Harrison also raised this issue in his talk at our AI Ascent conference where he asked whether improvements in the underlying LLMs will subsume more and more of the reasoning and planning developers are building in the “happy middle.” In other words, are custom cognitive architectures a stop-gap solution?

This is a fair question: many of the earliest prompt-engineering-based agent architectures (like chain of thought) became baked into future iterations of LLMs by default, obviating the need to build them around the LLM. We believe that many of the large research labs have their researchers focused squarely on the reasoning, planning and search problems.

Harrison’s take is that more and more general-purpose reasoning will become baked into the LLMs by default, but there is still a need for application or domain-specific reasoning. The way you plan and prosecute actions to reach your goals as a software engineer is vastly different from how you would work as a scientist, and moreover it’s different as a scientist at different companies. There is so much room for domain and application-specific reasoning that simply cannot efficiently be encoded in a general model.

Software 2.0

Developing applications with LLMs is a different paradigm from software 1.0 development and requires new approaches to observability and evaluation. Harrison’s bet is that many of the traditional software development tools are insufficient to deal with the non-deterministic nature of LLM applications. With agents and new ways of controlling application logic, monitoring the behavior of the application with observability and testing become paramount. If you are building a custom cognitive architecture, here are some things to think about:

On application development: You probably need to design in a “state” graph which then needs to be managed and deployed with a persistence layer, background asynchronous orchestration, cyclical handling of state, etc. Harrison is seeing this pattern come up frequently in agent deployments, and LangGraph is intended to help developers build for this new paradigm. On observability and testing: Existing monitoring tools don’t provide the level of insights you need to trace what went wrong with an LLM call. And testing is different in a stochastic world, too—you’re not running a simple “test that 2=2” unit test that a computer can easily verify. Testing becomes a more nuanced concept with techniques like pairwise comparisons (e.g. Langsmith, Lmsys) and tracking improvements/regressions. All of this calls for a new set of developer tools.

What’s exciting about the rise of “Goldilocks” agents is the tremendous potential to create software that works on our behalf and that is within our control. Realizing this potential is not only dependent on the models getting better (they surely will) but also on this whole new ecosystem of tools to manage this radically new kind of application development.

This theme of crafting more reliable agents with custom cognitive architectures factors into our next episode, with Matan Grinberg and Eno Reyes of Factory, and in an upcoming episode with Clay Bevor of Sierra.

Previous Video Next Video Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI #Inference LangChain’s Harrison Chase on AI Agents Hosted by Sonya Huang and Pat Grady Podcast Listen Agents on the Brain By Lauren Reeder, Cornelius Menke and Stephanie Zhan Perspective Read Generative AI’s Act Two By Sonya Huang, Pat Grady and GPT-4 Perspective Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

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Circle Blog

Circle Announces Credits Program

Today, I am thrilled to introduce the Circle Credits Program, our latest investment in developers using Circle’s platform. Early in 2024, I revealed Circle’s intentions to empower early-stage, high-impact builders with grants and bounties that help them build on our platform. As we seek to remove barriers in blockchain development, our new Credits program minimizes a significant deterre

Today, I am thrilled to introduce the Circle Credits Program, our latest investment in developers using Circle’s platform. Early in 2024, I revealed Circle’s intentions to empower early-stage, high-impact builders with grants and bounties that help them build on our platform. As we seek to remove barriers in blockchain development, our new Credits program minimizes a significant deterrent: cost. 


PIVX

Privacy is Normal, Don’t Let Anyone Tell You Differently.

Privacy is Normal, Don’t Let Anyone Tell You Differently. At PIVX, we champion privacy and the freedom to keep your finances private. In a world where governments and banks are increasingly encroaching on our privacy, PIVX stands firm in its belief that privacy is a fundamental right. Amidst growing concerns about governments overreaching and financial institutions aiming to regulate cryptocurre

Privacy is Normal, Don’t Let Anyone Tell You Differently.

At PIVX, we champion privacy and the freedom to keep your finances private. In a world where governments and banks are increasingly encroaching on our privacy, PIVX stands firm in its belief that privacy is a fundamental right.

Amidst growing concerns about governments overreaching and financial institutions aiming to regulate cryptocurrencies, PIVX remains committed to protecting individual liberties. While others argue that privacy must be sacrificed for national security or regulation, PIVX understands that privacy should be the norm, not the exception.

By utilizing advanced cryptographic techniques, including the SHIELD zk-SNARKs privacy protocol, PIVX enables users to conduct secure and anonymous transactions. It ensures that your sensitive financial information remains confidential, providing a higher level of privacy compared to traditional digital transactions. Unlike transactions conducted through banks or other centralized financial systems, where personal information and transaction details are recorded and accessible to authorized parties, PIVX empowers individuals with the freedom to keep their financial activities private.

Privacy is under threat in today’s world, but PIVX serves as a reminder that it’s a fundamental human right. Embrace PIVX to exercise your right to financial privacy, free from unnecessary surveillance and control.

Don’t let anyone tell you that privacy isn’t normal — PIVX believes otherwise.

Find more about PIVX here:
PIVX.org
Discord.PIVX.org
https://x.com/_PIVX

Privacy is Normal, Don’t Let Anyone Tell You Differently. was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


bankless

ETH to $22k by 2030? | VanEck's Matthew Sigel

In this episode, David Hoffman is joined by Matthew Sigel, Head of Digital Assets Research at VanEck, to unpack VanEck's groundbreaking ETH 2030 report. They discuss the $154,000 bull case, $22,000 base case, and $340 bear case for Ethereum, and the factors behind these predictions.  Matthew dives deep into the role of ETH ETFs and shares insights into ETH's evolving narrative in institutio

In this episode, David Hoffman is joined by Matthew Sigel, Head of Digital Assets Research at VanEck, to unpack VanEck's groundbreaking ETH 2030 report. They discuss the $154,000 bull case, $22,000 base case, and $340 bear case for Ethereum, and the factors behind these predictions. 

Matthew dives deep into the role of ETH ETFs and shares insights into ETH's evolving narrative in institutional portfolios. He also provides interesting analogies and comparisons between ETH and Web 2.0, explaining how VanEck will help traditional investors understand and invest in ETH using these narratives and real market data. 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/16 

------ 📣STAKEWISE | LIQUID SOLO STAKING https://bankless.cc/Pod_StakeWise   

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚡️CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum   

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro 7:16 VanEck Vibe Check ? 8:11 VanEck ETH 2030 Price Prediction Report  12:31 Last Year’s Report vs. Present Report  15:10 Ethereum Narrative For Retail 19:14 Pitching ETH To Customers 25:15 Parameters For Bear, Base & Bull? 28:49 What If ETH Reaches $154,000  32:31 ETH’s Most Bearish & Bullish Scenarios  33:40 Solana’s MEV vs. ETH’s MEV 41:28  BTC & ETH Allocation In Portfolio  45:59 Can Data Help Matthew Convince Customers? 49:30 $15B In ETF Assets 50:30 Closing & Disclosures 

------ RESOURCES:

Matthew Sigel https://x.com/matthew_sigel 

VanEck https://www.vaneck.com/us/en/  https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-eth-2030-price-target/ 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

Monday, 17. June 2024

bankless

CZ, Bull Market Predictions & The Future of Binance | New CEO Richard Teng

Now that CZ is gone, who’s going to fill his shoes? His name is Richard Teng, the new Binance CEO. He’s joining the podcast today to not only share the story of how he got here, but also to define his vision for the future of Binance. We ask him: Who is Richard Teng? What was it like to work with CZ? Why Crypto? What is going on in Nigeria? Bull Market Predictions? If you want to know w

Now that CZ is gone, who’s going to fill his shoes?

His name is Richard Teng, the new Binance CEO. He’s joining the podcast today to not only share the story of how he got here, but also to define his vision for the future of Binance.

We ask him: Who is Richard Teng? What was it like to work with CZ? Why Crypto? What is going on in Nigeria? Bull Market Predictions?

If you want to know who’s taking charge in the next era of Binance, this episode is for you. 

------ 🎬 DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-richard-teng-interview 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/15?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ 📣STAKEWISE | LIQUID SOLO STAKING https://bankless.cc/Pod_StakeWise 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro 7:16 Who’s Richard Teng 15:54 The Last 2 Years 24:30 Filling CZ Shoes 34:58 The Future of Binance 48:33 What is Going on in Nigeria? 54:31 Why Crypto? 1:03:33 BNB Chain 1:05:48 Richard Teng’s Routine 1:08:25 Bull Market Predictions 1:14:21 Advice for Investors 1:16:17 User Fund Security 1:19:31 Closing & Disclaimers

------ RESOURCES

Richard Teng https://x.com/_RichardTeng  

Tigran Gambaryan Article https://www.binance.com/en/blog/leadership/from-richard-teng-binance-ceo-tigran-gambaryan-is-innocent-and-must-be-released-3634612934164622056  

Binance Proof of Reserves https://www.binance.com/en/proof-of-reserves  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠  


Nym - Medium

Goodbye NymConnect, hello NymVPN

Nym phasing out NymConnect app in advance of coming NymVPN Important changes for NymConnect and mixnet users. In anticipation of the commercial launch of the NymVPN app, Nym will be phasing out the NymConnect interface in four weeks. The SOCKS5 client will remain active for developers and those looking to manually run the proxy through specific applications. By securing all user traffi
Nym phasing out NymConnect app in advance of coming NymVPN

Important changes for NymConnect and mixnet users.

In anticipation of the commercial launch of the NymVPN app, Nym will be phasing out the NymConnect interface in four weeks. The SOCKS5 client will remain active for developers and those looking to manually run the proxy through specific applications. By securing all user traffic with the click of a button, the NymVPN app will significantly improve access to the mixnet and give more comprehensive privacy protections for users.

Here’s what you need to know about the transition from NymConnect to NymVPN, as well as the possibility of continuing to use the SOCKS5 client.

NymConnect so far

To date, SOCKS5 has been the proxy protocol for users to access the Nym mixnet through desired applications. NymConnect was designed as the front end graphic interface for the SOCKS5 proxy. NymConnect provided an easy click-and-connect interface for apps such as the Bitcoin Electrum wallet, Monero wallet, Telegram, etc., enabling users of those apps to route their traffic from SOCKS5 via the Nym mixnet. Messages and transactions could be anonymously sent to and received from remote application servers without leaking metadata.

How has this worked until now? When a compatible application is configured with SOCKS5, the TCP data stream from that app is divided into Sphinx encrypted packets before being sent to a network requester authorized by the Nym network. The data packets are then mixed up by the 3-layers of mixnet nodes before being reassembled by the exit gateway.

So far, the NymConnect client has had a number of limitations:

Application Specific: Users must manually configure each application to use NymConnect, specifying the port and IP address each time. Compatibility: It only functions with applications that support SOCKS5. Network: It only supports TCP streams. Maintenance: Over time, NymConnect proved to be too resource intensive for the Nym dev team to maintain. Continuing NymConnect would ultimately slow down more essential work in fine-tuning NymVPN and the mixnet.

In four weeks, NymConnect will be disconnected. Thankfully, the new NymVPN app will not only replace all its functionalities, but also provide click-and-go privacy coverage for all users’ traffic, applications, and network connections. Users and developers will still be able to manually configure Nym’s SOCKS5 client on desired apps.

Benefits of NymVPN

NymVPN is a new client in which users can route all their traffic through the mixnet by default (not just TCP, SOCKS4–5, etc.). There is no longer a need to proxy-configure specific applications or to select network requesters.

NymVPN has a number of other key features:

Choice between advanced privacy through Nym’s 5-hop mixnet mode, or faster connections through its WireGuard 2-hop dVPN mode Choice of entry and exit gateways by country And coming soon, split tunneling to custom configure what traffic uses the mixnet and what bypasses it.

All of this is now possible through a single app.

Goodbye NymConnect, Hello NymVPN

NymVPN is currently in its alpha testing phase for users invited from the waitlist. Sign up today for a chance to test and provide feedback on NymVPN Alpha — there’s still time! Following the alpha testing phase, NymVPN will be launched as the first commercial app to run on the Nym mixnet.

Join the Nym Community

Discord // Telegram // Element // Twitter

Privacy loves company

English // 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française // Español // Português // 한국인

Goodbye NymConnect, hello NymVPN was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.

Friday, 14. June 2024

Epicenter Podcast

'Ethereum Needs Polygon's Aggregation Layer to Scale' - Brendan Farmer & Sandeep Nailwal

As more and more L2s launch promising to scale Ethereum, they end up competing for the same market share, userbase and liquidity. Apart from this harsh reality, crosschain interactions should be as seamless as possible in order to bridge different L2 ecosystems. Polygon envisions a scalable future in which various zero knowledge rollups post their proofs on an aggregation layer before settling on

As more and more L2s launch promising to scale Ethereum, they end up competing for the same market share, userbase and liquidity. Apart from this harsh reality, crosschain interactions should be as seamless as possible in order to bridge different L2 ecosystems. Polygon envisions a scalable future in which various zero knowledge rollups post their proofs on an aggregation layer before settling on Ethereum, thus lowering latency and transaction costs as crosschain interactions take place expeditiously, without involving the L1 mainnet.

We were joined by Sandeep Nailwal & Brendan Farmer, to discuss Polygon’s aggregation layer and how it aims to solve the current fragmentation of Ethereum L2 scaling solutions.

Topics covered in this episode:

Polygon’s ZK expansion and the acquisition of Mir Protocol Polygon’s aggregation layer Block building between different L2s Shared sequencing & asynchronous sequencing Security guarantees of the aggregation layer Sequencer decentralisation & censorship resistance Chains using Polygon’s aggregation layer Pessimistic proofs Can optimistic rollups be included in the aggregation layer? Type 1 prover and Plonky3 The evolution of ZKP systems Ensuring ZK rollup integrity The future of scalability

Episode links:

Sandeep Nailwal on Twitter Brendan Farmer on Twitter Polygon on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Friederike Ernst.


Panther Protocol

Why asset managers should care about privacy

Proprietary investment strategies have always been among the most closely guarded secrets in finance. Traditionally, these strategies were protected by the nature of how trades are transacted, giving brokers and financial institutions the ability to leverage their proprietary strategies to their advantage. The rise of blockchain and decentralized finance (DeFi)

Proprietary investment strategies have always been among the most closely guarded secrets in finance. Traditionally, these strategies were protected by the nature of how trades are transacted, giving brokers and financial institutions the ability to leverage their proprietary strategies to their advantage. The rise of blockchain and decentralized finance (DeFi) has introduced a new level of transparency. This openness, while fostering trust, poses significant risks as it exposes sensitive trading patterns and strategies to public scrutiny.

Exposure of investment strategies

In traditional finance, investment strategies are often the real value of what is being provided to the client or fund. Hedge funds, asset managers, and brokers invest significant resources into developing proprietary trading strategies that provide them a competitive edge. However, in the realm of blockchain and decentralized finance (DeFi), the inherent transparency of public ledgers poses a significant threat to these proprietary strategies.

Every transaction on public blockchains like Ethereum and Bitcoin is recorded in a publicly accessible ledger. While this transparency promotes trust and verification, it also means that anyone can analyze transaction data to uncover trading patterns and strategies. This exposure can be detrimental to asset managers,  brokers and financial institutions that rely on the confidentiality of their trading methods.

Blockchain analytics tools such as Nansen have made it increasingly easy to scrutinize and interpret blockchain data. Nansen, for instance, labels and analyzes millions of wallet addresses, providing insights into the activities of various market participants. These tools can track large transactions, identify trends, and even link transactions to specific entities. For asset managers, this means that their trades can be monitored, virtually in real-time. It’s possible that their strategies could be reverse-engineered by competitors or malicious actors.

When proprietary trading strategies are exposed, the risk of financial loss increases substantially. Competitors can replicate successful strategies, diluting competitive advantage. Worse still, malicious actors can engage in counteracting strategies such as front-running, where they anticipate trades and execute their own trades in advance to profit from the price movements triggered by the asset manager’s transactions.

For example, if an asset manager plans to purchase a large amount of a specific cryptocurrency, front-runners can detect the initial buying activity and buy the cryptocurrency themselves, driving up the price. By the time the purchase is complete, the price has increased, causing the asset manager to pay more than intended. Once the asset manager’s purchase is complete, the front-runners can sell their holdings at a profit, leaving the asset manager at a disadvantage.

In addition to financial losses, the exposure of investment strategies undermines the trust and credibility of asset managers and other financial professionals. Clients expect their asset managers, brokers and other advisors to maintain the confidentiality of their strategies and transactions. If asset managers cannot guarantee this privacy, they risk losing clients to non-crypto or private alternative investments. 

Front-running

One of the most significant issues that comes with transparent blockchain ledgers is front-running. Front-running occurs when malicious actors observe patterns that suggest an impending transaction is coming and execute their trades ahead of it to capitalize on the expected price movement. For example, if an asset manager intends to buy a large amount of a particular token, front-runners might detect the client’s typical pre-cursory activity and purchase the cryptocurrency first. This buying activity drives up the price, and by the time the transaction is completed, they end up paying a higher price than anticipated. The front-runners then sell their holdings at the increased price, profiting from the transaction while the portfolio suffers from the inflated costs.

This lack of privacy not only results in financial losses but also erodes your ability to execute effective trading strategies. With open blockchains, competitors can analyze trading patterns, replicate successful strategies, or even devise counter-strategies that exploit your clients’ positions. This constant surveillance can lead to a loss of competitive edge, as asset managers, brokers and others are unable to maintain the secrecy of their clients’ strategies. 

MEV Bots

MEV (Maximal Extractable Value) bots underscore the importance of privacy in the trading strategies used by asset managers. These bots are sophisticated algorithms that monitor blockchain networks for pending transactions and exploit opportunities to extract additional value. By analyzing transaction data in real-time, MEV bots can execute trades such as arbitrage, front-running, and sandwich attacks, allowing them to profit from price discrepancies and transaction sequencing. The transparency of blockchain networks, while beneficial for trust and verification, makes it easier for these bots to operate, emphasizing the necessity of maintaining transaction confidentiality for all users, but asset managers who engage in high volume or high frequency trades on behalf of clients may be at higher risk. According to Flashbots, MEV bots extract around 500M USD off Ethereum alone per year. 

Options are limited

As of this writing, your options as an asset manager are limited if you wish to preserve your privacy and that of your clients. Many of today’s best-known privacy-enhancing technologies can create regulatory issues. For example, the virtual currency mixer Tornado Cash was infamously sanctioned by the U.S. Treasury and faced investigations and actions from other regulators around the world, due to its involvement in illicit activities. Regulators recognize that there is an opportunity for privacy-enhancement for DeFi trading, and are calling for innovations that can simultaneously preserve the privacy of users while also enabling AML/CFT obligations. It is worth noting that Panther Protocol is being built to address this challenge.  

Panther Protocol

Panther’s cutting-edge decentralized privacy protocol will empower enterprises with customizable, private operating environments to manage portfolios and assets. Leveraging Zero-Knowledge proofs and a proprietary Multi-Asset Shielded Pool (MASP) design, Panther Protocol will deliver a suite of features that provide unparalleled privacy, security, and compliance support for public on-chain transactions. 

Benefits For Asset Managers (In development) Private Portfolio Management Supports confidential client portfolio management, ensuring transaction details and holdings remain private, maintaining investor confidentiality. Custom Investment Strategies Tailored investment access with specific DeFi applications and asset lists, optimizing returns while adhering to client risk profiles. Compliance and Reporting Encrypted data storage for transactional details, simplifying compliance and reporting processes with secure transaction detail exports. Conclusion

The transparency of blockchain technology presents both opportunities and challenges for asset managers and financial institutions. While it promotes trust and accountability, it also exposes proprietary strategies to potential competitors and malicious actors. This exposure necessitates that asset managers take steps to enhance their privacy measures and stay vigilant against threats like front-running. Navigating this landscape requires balancing the benefits of blockchain transparency with the need to protect confidential trading strategies.


bankless

ROLLUP: ZkSync Airdrop | Optimism Fault Proofs | Pectra Ethereum Upgrade

Bankless Friday Weekly Rollup  2nd Week of June 2024 ------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x9171d31d50857506ebf5c2f20e5690a126ea6687/2  ------ 📣STAKEWISE | LIQUID SOLO STAKING https://bankless.cc/Pod_StakeWise    ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

Bankless Friday Weekly Rollup  2nd Week of June 2024

------ ✨ Mint the episode on Zora ✨

https://zora.co/collect/zora:0x9171d31d50857506ebf5c2f20e5690a126ea6687/2 

------ 📣STAKEWISE | LIQUID SOLO STAKING https://bankless.cc/Pod_StakeWise   

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------

TIMESTAMPS & RESOURCES

0:00 Intro

3:31 Markets

8:20 Gary G Says ETH ETF Approval “Sometime in Summer” https://x.com/tier10k/status/1801261940615848004 

9:19 L2 Update

11:04  The Fed expects to cut rates just once this year https://www.cnbc.com/2024/06/12/fed-meeting-today-on-interest-rate.html 

15:41 Will BTC ETF follow the gold ETF success path?   https://x.com/hongkim__/status/1799442365892985257 

20:48 ZKSync introduced ZK token  https://x.com/TheZKNation/status/1800424206129357194  https://app.aevo.xyz/perpetual/zk  https://x.com/eekeyguy_eth/status/1800461976969035910  https://blog.zknation.io/zk-token/  https://zknation.ghost.io/content/images/2024/06/points.png  https://x.com/LibraryDefi/status/1800589632909832509  https://x.com/Gautamguptagg/status/1800539906923733397  https://x.com/Gautamguptagg/status/1800539906923733397  https://x.com/TheZKNation/status/1801020410563060031  https://x.com/TrustlessState/status/1801024526001815616  https://x.com/TrustlessState/status/1800758353511207103 

36:46 Speaking of Airdrops: Taiko launched their TAIKO token  https://x.com/taikoxyz/status/1798336750668136851  Find out whether you are eligible via Claimables!  https://bankless.cc/3Jte55n  

38:33 Optimism’s fault proofs are live!  https://x.com/l2beat/status/1800530188171674070  https://x.com/VitalikButerin/status/1800547329931620625 

49:23 Pectra is about to became the biggest upgrade of Ethereum history:  https://x.com/sassal0x/status/1798869850200412383 

55:34 Symbiotic introduced their restaking platform  https://x.com/symbioticfi/status/1800530004776022493 

59:29 Eigen Labs acquired Rio Network  https://x.com/eigen_labs/status/1800888626642899321 

1:01:41 Crypto:The Game was acquired by Uniswap!  https://x.com/cryptothegame_/status/1800199946739822594 

1:06:28 PleasrDAO releases the WuTang Album https://pitchfork.com/news/wu-tang-clan-once-upon-a-time-in-shaolin-turned-into-nft/  https://www.thealbum.com/ 

1:09:12 Terraform Labs agreed to pay SEC $4.5B!  https://www.coindesk.com/policy/2024/06/12/terraform-labs-do-kwon-agree-to-pay-sec-a-combined-45b-in-civil-fraud-case/  https://x.com/TrustlessState/status/1800955721955283053     

1:11:44 Alchemy introduced platform for building rollups  https://x.com/alchemyplatform/status/1798747911226040679 

1:13:03 New Paradigm Fund https://x.com/matthuang/status/1801283717664526835 

1:14:41 The Daily Gwei  https://www.youtube.com/@TheDailyGwei/videos   https://x.com/thedailygwei   https://x.com/sassal0x  https://podcasts.apple.com/us/podcast/into-the-ether/id1443920565  

1:15:49 Closing & Disclaimers

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 


a16z Podcast

The State of AI with Marc & Ben

In this latest episode on the State of AI, Ben and Marc discuss how small AI startups can compete with Big Tech’s massive compute and data scale advantages, reveal why data is overrated as a sellable asset, and unpack all the ways the AI boom compares to the internet boom.   Subscribe to the Ben & Marc podcast: https://link.chtbl.com/benandmarc   Stay Updated:  Let us know

In this latest episode on the State of AI, Ben and Marc discuss how small AI startups can compete with Big Tech’s massive compute and data scale advantages, reveal why data is overrated as a sellable asset, and unpack all the ways the AI boom compares to the internet boom.

 

Subscribe to the Ben & Marc podcast: https://link.chtbl.com/benandmarc

 

Stay Updated: 

Let us know what you think: https://ratethispodcast.com/a16z

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Thursday, 13. June 2024

Horizen - Blog

ZenIP 42406: EON and $ZEN Migration – High Level Overview

On June 6th, the official ZenIP for the technical roadmap of the migration of $ZEN and EON went live on Discourse, there’s a lot to cover on it, so we wanted to provide a high level overview of the proposal and what it means for the Horizen Ecosystem.  At a high level, Horizen ($ZEN) and […] The post ZenIP 42406: EON and $ZEN Migration – High Level Overview appeared first on Horizen Blog

On June 6th, the official ZenIP for the technical roadmap of the migration of $ZEN and EON went live on Discourse, there’s a lot to cover on it, so we wanted to provide a high level overview of the proposal and what it means for the Horizen Ecosystem. 

At a high level, Horizen ($ZEN) and EON are currently built on older technology stacks. The Horizen Mainchain is a fork of the Bitcoin C++ codebase with a block time of 2.5 minutes, while EON is written in Scala based on the Scorex SDK with an 18-second block time. To address the limitations of these legacy systems and align with the vision of Horizen as a home for ZK and an enduring utility for $ZEN, Horizen Labs is proposing to migrate to EON 2.0.

Key Points EON 2.0 will be a fully-compatible EVM. This includes backward compatibility to provide a smooth transition for existing $ZEN holders and EON developers, including incentives, emissions, staking, partner integrations, exchange continuity, and EVM compatibility. This means that existing smart contracts on EON will be transitioned over, including $ZEN in current liquidity pools. This is a technical ZenIP, laying out the technical roadmap for the migration mechanics for $ZEN and EON. Tokenomics are not in scope for this ZenIP. Topics such as allocations and emissions are explicitly excluded since they will be covered in greater detail in a separate proposal. It will be a snapshot-based migration, where comprehensive state snapshots of both EON 1.0 and Horizen will be taken to ensure a seamless transition to EON 2.0. We will provide the ability for anyone to independently verify the integrity of both snapshots. For Mainchain $ZEN, there will be a claim process overtime, where eligible users can claim their old Mainchain $ZEN by proving the ownership of their address. As for $ZEN on EON, it will not require any claim, since balances will be migrated with the state snapshot. EON 2.0 will be built using the Substrate framework (written in Rust) with tight integration with the zkVerify protocol (which is also built on Substrate) for fast and cost-efficient verification of zk proofs. Specifically, EON 2.0 will be a parachain connected to the zkVerify Relay Chain. It is not associated with the Polkadot ecosystem. Visual Representation of the Migration Proposal

Voting Timeline

Voting for ZenIP 42406 will start on Tuesday, June 18th, 2024 at 12pm EST and end on Friday, June 21st, 2024 at 12pm EST. The snapshot will be taken as soon as the vote goes live. In order to prepare for the vote, please be sure to follow our instructions here: https://blog.horizen.io/how-to-vote-on-zenips-using-your-staked-zen/

Frequently Asked Questions What will be the consensus of the new EON chain? Delegated Proof of Stake Same as the previous EON chain Is $ZEN going to be the block reward on the new chain? Yes, but allocations, emissions, and tokenomics are not covered in this technical ZenIP, but in a separate and dedicated proposal.  If there are no forger nodes, will there be some other type of staking? Yes there will be staking on EON collators.  What will be EON’s connection to zkVerify? EON 2.0 will integrate tightly with the zkVerify protocol, ensuring fast and cost-efficient verification of zk proofs.  zkVerify will operate as its own relay chain. EON 2.0 will also utilize the substrate framework as a parachain to zkVerify.  What will happen to the Horizen mainchain? It will be deprecated. What will happen to my mainchain $ZEN? $ZEN will be the native token for EON 2.0 A comprehensive snapshot will be taken.  Eligible users can claim their $ZEN through a claiming mechanism over time.  How will exchanges support this deprecation and migration? We will work closely with exchanges to coordinate a seamless upgrade.  How will forger nodes migrate? They will migrate to EON collators, migration steps will be provided. What will happen to Super Nodes? They will migrate to EON collators Will be rewarded based on the blocks that they are chosen to forge.  What wallet will I have to hold ZEN in? What will happen to Sphere? MetaMask will be used to store $ZEN, Sphere will be deprecated.

As always, we remain available in the Horizen Discord for any community questions, comments, or concerns, please do not hesitate to reach out to us!

The post ZenIP 42406: EON and $ZEN Migration – High Level Overview appeared first on Horizen Blog.


Nym - Medium

Botnets and backdoors: The free VPN trojan horse

Free VPNs used in massive botnet that exploited millions of devices Languages: Türkçe // 日本 // Française Imagine being accused of a cybercrime. You don’t know much about the internet, and even less about crime. And then suddenly, a mountain of digital forensics and cybersecurity comes crashing down on you. The police confiscate your devices and scour through every inch of your digital life.
Free VPNs used in massive botnet that exploited millions of devices

Languages: Türkçe // 日本 // Française

Imagine being accused of a cybercrime. You don’t know much about the internet, and even less about crime. And then suddenly, a mountain of digital forensics and cybersecurity comes crashing down on you. The police confiscate your devices and scour through every inch of your digital life. Your computer and its unique IP address, the authorities finally tell you, are responsible for fraud in the five-digit range. Or maybe they say you’ve done something even more incomprehensible. Either way, you’re left to navigate a legal hell to try to clear your name of a crime you don’t even understand. This nightmare can be all too real for many internet users.

Just weeks ago, an international operation led by the U.S. Justice Department (DoJ) took down an extensive global botnet called 911 S5. Over the course of a decade, what the DoJ calls “likely the world’s largest botnet ever” had infiltrated 19m unique IP addresses in almost 200 countries. Access to compromised devices was then sold to criminals to commit cyberattacks, theft, fraud, and to cloak illicit activities behind the IPs of unsuspecting users.

A key point in this story is that the botnet used backdoors designed into six free Virtual Private Network (VPN) softwares which, in addition to being functioning VPNs, were also malware. Following the arrest of the alleged botmaster, the Federal Bureau of Investigations (FBI) released a public service announcement (PSA) warning users to uninstall the VPNs and to scan their systems for the malware files that opened the gates of their systems to criminal exploitation.

In the first installments of the Nym Dispatch, we will be focusing on the risks in using “free” VPN services. As we will investigate throughout the series, many free VPNs can pose real threats to user privacy and security, and they almost always contain invasive practices like targeted advertising. This is the complete opposite of the main reason users turn to a VPN: genuine privacy, security, and anonymity online. The 911 S5 botnet should be a wakeup call, but the problem goes much deeper.

ProxyGate 2024: A multi-billion dollar trojan horse

A botnet is a network of compromised devices which can be remotely controlled by a central entity. Once infiltrated, the devices can then be used to perform malicious activities behind the backs of their operators, such DDoS attacks, spam distribution, fraud, or disseminating exploitative material like child pornography.

With the 911 S5 residential proxy network in place and powered by 150-servers worldwide, the botmaster sold access to tens of millions of IP addresses through a virtual marketplace. Purchasers then used these IPs to perform a wide range of illicit activities, most notably defrauding the U.S. government’s pandemic aid program of billions of dollars through fake applicant claims.

How was an operation of this scale possible in the first place? According to the DoJ’s court order of 10 May 2024, the suspect installed backdoor access to users’ devices principally by offering their own “VPN software for free online” and hiding “the malicious properties from those users that intentionally downloaded what they believed to be a legitimate VPN program.” The malware was also spread through torrenting software and “pay-per-install services” in which digital distributors are paid every time a malware-bundled program is successfully installed on a user device.

The 911 S5 marketplace was allegedly taken down by investigators in 2022 before reemerging as “Cloudrouter” in 2023. However, the malware continued to operate on users’ systems without any further intervention until the FBI’s aptly-titled “Operation Tunnel Rat” finally took down the VPN domains and outed the names of the VPN programs publicly.

At the time of his arrest on 24 May 2024, the alleged botmaster, according to government estimates, had alone amassed $99M in profits from selling IP access. An astonishing $5.9B was defrauded from the U.S. government’s pandemic and unemployment aid programs. The losses, pain, and confusion suffered by millions of unwitting individuals worldwide has yet to be heard.

The free VPN backdoor

Six VPN and proxy services are claimed to be responsible for providing backdoors for malware infections in the 911 S5 botnet:

MaskVPN DewVPN PaladinVPN ProxyGate ShieldVPN ShineVPN

What exactly do we know about them? As expected, surprisingly little. The indictment does make clear that these VPN services were designed specifically for the purposes of constructing the botnet. The malware remained active in the background of users’ systems as innocuous seeming .exe operation files, such as “MaskVPN.exe,” which users likely assumed were protecting them. If anything, the lack of information to be found on these VPNs downloaded by millions of users is a telltale sign of how unregulated and unscrutinized the free VPN industry is.

The above VPN services that maintained actual domains have been seized by the FBI, including PaladinVPN.com, DewVPN.com, and ShineVPN.com. The dummy domain for MaskVPN remains active as maskvpns.com, promising that you, the lucky users, can “can secure and leak proof [sic] to protect your privacy.”

Screenshot of paladinvpn.com homepage on 10 June 2024.

As of publication, many apps bearing the names of the above services are still available to download from Google Play, Apple, and other app stores, such as ShieldVPN, ShineVPN, and MaskVPN, with some like Shine VPN listing as many 500k+ downloads on Google Play. However, Nym has not confirmed whether these apps in fact correspond with those listed in the court order or rather to other homonymous providers. The ProxyGate proxy server, which has been long flagged for malicious activity by security reporting firms and forums, also appears to still be downloadable as ProxyGate VPN, though it is unclear whether this app corresponds with the 911 S5 botnet.

We will have to wait for more details on the operations of these specific VPN services, which platforms distributed them, and exactly how many users downloaded them over the years. But there are crucial questions we should be asking in the meantime:

How did the malware functions of these VPNs go undetected for so many years? What other clandestine functions are other VPN freewares on the market currently engaged in? How many privacy violations and security risks are we willing to accept to save a few dollars every month when we could be investing in a genuine privacy tool? Free VPNs risks

It is estimated that more than one-fifth of people globally are using VPNs, and that half are using a free version rather than a paid one. What does this mean for the privacy of 600 million VPN users worldwide?

In principle, there is nothing wrong with a “free” service. And there are in fact reliable VPN service providers that offer privacy-preserving VPNs at no cost and as a public good. But the predominant business models for the hundreds of free VPNs available for download are anything but altruistic: if there is no revenue from user subscriptions, then they surely make their money in other ways.

As we will see in Nym’s ongoing series, this hidden revenue comes from a number of tactics: targeted and inserted advertising, selling user data to brokers, and even permitting third parties to install cookies on user browsers to track their activities. In short, free VPNs market privacy, but they profit from surveillance. And the target of this surveillance is not wrong-doing, but the micro-details of our personal lives.

The free VPNs behind the 911 S3 botnet, however, show a much more extreme security risk: the hijacking of our devices and identities by a criminal underworld. Of course, these malicious VPN services were only a few of the hundreds of “free” VPNs available for users to download, and they are likely some of the worst actors on the market. But the risk potential made clear in this case, with financial losses in the billions of dollars for users and institutions, needs to be taken seriously.

Nothing comes for free

Pretty much every VPN markets itself as a tool to protect user privacy by virtue of the fact that it masks our true IP addresses. Many users might think this is sufficient for their needs. But they also may not be aware of the extent to which the metadata of their personal activities online are being harvested and bought and sold en masse. What’s the use of IP address cover when our whole browsing histories can be reconstructed by AI-powered algorithms?

Combatting these data collection and exploitation practices is not simple, and it is reasonable that advanced VPN technology designed specifically to protect your privacy would require some degree of user investment. Afterall, if someone offered to install a free camera-security system in your home, would you welcome the technicians in without second thought?

When any software is offered for free, there are likely hidden costs. These costs could be as simple as a slower or more limited VPN service. But usually the costs aren’t as palatable, such as advertising injected into your browsing experience which is customized through an algorithmic analysis of all your online habits. Worse is the fact that these very same metadata records are regularly being sold to a vast underground market hungry for IP and email addresses, traffic logs, and individual behavior patterns. And now, there’s the real possibility that a free VPN has long-turned your computer into a zombie proxy for child pornographers or fraudsters.

Genuine online privacy should be a fundamental right, but the reality is it’s an ongoing battle. Winning it for everyone globally means first being vigilant against real threats like 911 S5, and also choosing the proper tools to defend ourselves. Free VPNs are not these tools.

Learn more about current threats to privacy by following Nym dispatches!

Nym Dispatch

This is the first article of the Nym Dispatch series which deep-dives into the online and social privacy ecosystem. Tune in to learn more about the risks and money-making tactics of the online surveillance economy, starting with the free VPN market. The series will cover the logging practices of free VPNs; their deliberately vague consent contracts; how, why, and to whom they sell our data; and their invasive advertising practices.

Botnets and backdoors: The free VPN trojan horse was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.


bankless

BitVM: The Holy Grail for Bitcoin? | Creator Robin Linus

Today on the show, we’re exploring the frontier of ZK Rollups on Bitcoin!  The Bitcoin L2 landscape is standing on the shoulders of this technical implementation called BitVM. We brought Robin Linus, one of the author’s of the BitVM White Paper, to not only dive into how BitVM got started, but more importantly, what it means for the future of Bitcoin. ------ 🎬 DEBRIEF | Ryan & David

Today on the show, we’re exploring the frontier of ZK Rollups on Bitcoin! 

The Bitcoin L2 landscape is standing on the shoulders of this technical implementation called BitVM. We brought Robin Linus, one of the author’s of the BitVM White Paper, to not only dive into how BitVM got started, but more importantly, what it means for the future of Bitcoin.

------ 🎬 DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-robin-linus-interview 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/14?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro 5:03 Who is Robin Linus? 10:20 Why Bitcoin? 16:19 Bitcoin Needs to Scale 22:15 BitVM Eureka Moment 24:31 The State of BitVM 27:19 BitVM vs Ethereum Rollups 33:45 How Does BitVM Work? 46:07 BitVM Critiques 55:07 The Bitcoin L2 Space 59:33 The BitVM Endgame 1:03:07 The Future of Bitcoin 1:07:09 Closing & Disclaimers

------ RESOURCES

Robin Linus https://x.com/robin_linus  

Robin Linus Website https://robinlinus.com/  

BitVM https://bitvm.org/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 


Brave Browser

Leo, Brave’s in-browser AI assistant, now incorporates real-time Brave Search results for even better answers

Leo—Brave's in-browser AI assistant—is now even more useful thanks to its integration with Brave Search.

Leo—Brave’s in-browser AI assistant—is now even more useful, thanks to its integration with Brave Search. With today’s release, Leo can incorporate search-augmented responses into its answers, powered by the Brave Search API. This new integration allows Leo to provide more accurate and up-to-date answers, especially for queries related to current events or topics where the initial language model training may be outdated or lack full context.

Brave Leo with Brave Search results is now available to desktop users with today’s 1.67 browser update, and will be coming to mobile platforms very soon. 

The benefits of real-time Web data in your AI assistant, and how to get started

There are countless instances where you might need real-time information incorporated into your conversation with Leo. For example, if you ask Leo about upcoming events like concerts or sporting events, it can now reference Brave Search results to supplement its response with the timeliest news and information. Or, if you’re researching a complex topic like financial markets, Leo can weave in current data and insights from credible sources to give you a well-rounded perspective.

Importantly, any Leo response that incorporates search results includes links to Brave Search to explore more results, and in an upcoming release will also include links to the sources used to inform the answer. This helps you understand the source of the answers you receive, and fact check before you proceed.

Asking Leo “What are the latest reviews for Inside Out 2?”

Asking Leo “When is Game 4 of the NBA Finals?”

Asking Leo “What’s happening with the stock market today?”

Ready to try Brave Leo? It’s easy: Simply open the browser, begin typing in the address bar, and click “Ask Leo”. For the on-page chat experience, desktop users can click in the sidebar, while mobile users can tap “…” (iOS) or “⋮” (Android) and then tap Leo to get started.

While Leo’s search integration provides valuable context, it’s still important to verify information from third-party sources, especially for critical topics. Brave encourages users to think critically and fact-check key claims against authoritative sources. For this reason, answers that incorporate information from Brave Search are clearly labeled, and include a link to a search results page (SERP) where you can investigate further.

AI assistance that’s both smart and privacy-protecting

By seamlessly blending contextual search results into natural conversations, Leo offers a uniquely powerful yet privacy-preserving AI experience. Chats with Leo are private and secure. Leo never uses your chats for model training and no account or login is required to use Leo. Additionally, Leo includes some specific privacy protections, including:

Reverse proxy: All requests are proxied through an anonymization server so the request and user cannot be linked. Brave cannot associate the user request with their IP address.

Responses discarded: Conversations are not persisted on Brave’s servers. We do not collect identifiers that can be linked to you (such as IP address). Responses generated with Brave-hosted models are discarded after they’re generated, and not used for model training; no personal data is retained by Brave-hosted AI models.

No login or account required for access for the free version: Users do not need to create a Brave account to use Leo.

Unlinkable subscription: If you sign up for Leo Premium, you’re issued unlinkable tokens that validate your subscription when using Leo. This means that Brave can never connect your purchase details with your usage of the product, an extra step that ensures your activity is private to you and only you. The email you use to create your account is unlinkable to your day-to-day use of Leo, making this a uniquely private credentialing experience.

For an added layer of privacy, you can clear all local Leo data stored on your device through the Settings menu.

Learn more about Leo and data privacy in our Privacy Policy.

Using Brave Search to build your own AI applications

Want to connect your AI to the Web? The Brave Search API allows any developer to integrate Brave Search results into their applications. The Brave Search API provides access to an index of billions of pages via Brave’s privacy-preserving Web index, for building everything from search engines to AI apps. Learn more.

Wednesday, 12. June 2024

Circle Blog

Empowering the Solana Ecosystem: Circle's Web3 Services is Now Available on Solana

We're thrilled to announce the expansion of Circle’s Web3 Services to support the Solana blockchain. This is an exciting milestone as we build a comprehensive and robust platform that empowers businesses and developers to build and launch on-chain apps. Starting with Programmable Wallets and Gas Station on Solana, this expansion can empower the Solana developer community to embed secure

We're thrilled to announce the expansion of Circle’s Web3 Services to support the Solana blockchain. This is an exciting milestone as we build a comprehensive and robust platform that empowers businesses and developers to build and launch on-chain apps. Starting with Programmable Wallets and Gas Station on Solana, this expansion can empower the Solana developer community to embed secure, intuitive and enterprise-grade wallets seamlessly.


bankless

The Trillion Dollar ETH Pitch | RSA+DH

The Ethereum ETF is coming. What’s the best narrative for ETH to sell to TradFi/Wall Street? Ryan and David discuss the 7 leading ETH Narratives and then have a pitch-off amongst themselves. Each of them prepared a 1-2 minute pitch and then they each spend some time unpacking each other’s pitch and analyzing each point. Bankless Citizens get to vote - whose was better? Ryan or David’s? The winner

The Ethereum ETF is coming. What’s the best narrative for ETH to sell to TradFi/Wall Street? Ryan and David discuss the 7 leading ETH Narratives and then have a pitch-off amongst themselves. Each of them prepared a 1-2 minute pitch and then they each spend some time unpacking each other’s pitch and analyzing each point. Bankless Citizens get to vote - whose was better? Ryan or David’s? The winner gets a bragging rights POAP. 

------ 📣BANKLESS CITIZENS VOTE HERE https://www.jokerace.io/contest/base/0x0f2211f6727e85dbfae20e7dbfe57875a1f2b706 

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/13?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro

2:26 Eric Balchunas https://x.com/EricBalchunas/status/1794023427327533456 

4:44 ETH Narratives https://x.com/TrustlessState/status/1795595286972383494  

5:58 Ethereum is a Tokenization Platform https://twitter.com/ChainLinkGod/status/1798133271139901668  https://twitter.com/ChainLinkGod/status/1798133271139901668/photo/1 

9:26 Ethereum is an app store https://twitter.com/jdorman81/status/1792927796353814640 

13:56 Operating system and app store https://x.com/RasterlyRock/status/1791217181012701682 

17:15 ETH is Digital Oil ​​https://twitter.com/0xkydo/status/1740750772093296938  

20:37 ETH is an Internet Bond https://www.bankless.com/eth-the-internet-bond 

23:38 Programmable Money https://x.com/econoar/status/1124311475428790273 

25:59 "ETH is Ultra Sound Money" https://twitter.com/drakefjustin/status/1352734923703123968 

31:44 Pitches + Debrief/Analysis + Vote https://www.jokerace.io/contest/base/0x0f2211f6727e85dbfae20e7dbfe57875a1f2b706 

44:05 Closing & Disclaimers

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures  


Zcash Foundation

Results of the First Exploratory Dev Fund poll

The first Exploratory Dev Fund poll has now closed and the results are in! The purpose of this poll is to solicit input from the Zcash community regarding a potential future Dev Fund, with a view to drafting a formal proposal based on that feedback.  To be clear: the purpose of this poll is not […] The post Results of the First Exploratory Dev Fund poll appeared first on Zcash Foundation.

The first Exploratory Dev Fund poll has now closed and the results are in!

The purpose of this poll is to solicit input from the Zcash community regarding a potential future Dev Fund, with a view to drafting a formal proposal based on that feedback. 

To be clear: the purpose of this poll is not to reach a formal decision regarding what should happen in November. Instead, this poll is intended to solicit feedback from the community that ZF will then use to draft a proposal that can be evaluated and discussed alongside other proposals. 

The percentages displayed below are based on the total number of votes cast (140).

Q1: Should a new Dev Fund be put in place when the current Dev Fund ends in November 2024?

Yes – 100 votes (71.4%) No – 40 votes (28.6%)

Q2: If there is to be a new Dev Fund, should its recipients’ allocations reduce over time, with the balance allocated to an Unissued Reserve, as proposed by GGuy?

Yes – 48 votes (34.3%) No, recipients’ allocation should remain constant for the duration of the new Dev Fund. – 89 votes (63.6%)

Q3: If there is to be a new Dev Fund, how long should it last?

1 year – 49 votes (35%) 18 months – 3 votes (2.1%) 2 years – 51 votes (36.4%) 3 years – 7 votes (5%) 4 years – 24 votes (17.1%)

Q4: Which organizations and programs should receive funding from a new Dev Fund?

Bootstrap Project (parent of the Electric Coin Company) – 91 votes (65% approval) Financial Privacy Foundation – 57 votes (40.7% approval) a Legal Defense Fund – 46 votes (32.9% approval) QEDIT – 52 votes (37.1% approval) Zcash Community Grants program – 97 votes (69.3% approval) Zcash Foundation – 99 votes (70.7% approval) ZecHub – 67 votes (47.9% approval)

We’ll now take some time – and give the community time – to digest, consider and discuss these results, along with the results of other polls that are being conducted across the community.

We plan to run a second exploratory poll alongside the ZCG committee election that will take place later this month.

The post Results of the First Exploratory Dev Fund poll appeared first on Zcash Foundation.

Tuesday, 11. June 2024

Greylock Partners

Executing Successful Early-Stage Sales Processes

The post Executing Successful Early-Stage Sales Processes appeared first on Greylock.

Monday, 10. June 2024

Nym - Medium

More invitations coming for NymVPN Alpha testers

Waitlist invites on their way, and big improvements in the works New NymVPN Alpha invitations are being sent out today! Languages: 中文 // Türkçe // 日本 // Française It has been a busy month since beginning the alpha testing phase of NymVPN, and the Nym team is working in lock-step to prepare for what’s to come this summer. Your experience and feedback will help us the most in delivering
Waitlist invites on their way, and big improvements in the works

New NymVPN Alpha invitations are being sent out today!

Languages: 中文 // Türkçe // 日本 // Française

It has been a busy month since beginning the alpha testing phase of NymVPN, and the Nym team is working in lock-step to prepare for what’s to come this summer. Your experience and feedback will help us the most in delivering an optimized and unmatched privacy tool for the world, so don’t miss the chance to test out the app!

Since 2 May, a select pool of users from the Nym core community and waitlist have been actively testing NymVPN to identify bugs and improve performance. Nym wants to make sure that when the app lands in your trusted hands, it will be able to do what you need it to do: not simply provide unparalleled privacy, but fast and seamlessly.

Here are the recent advancements and what you can expect in the coming months.

What happened in the last 4 weeks? Testing

Hundreds of invitations have already gone out to waitlisted members. Following this preliminary testing by the Nym core community, more users from the waitlist will be invited in batches in the coming month. The strategy is to ensure that important bugs are addressed in a manageable and progressive fashion before many new users are introduced into the testing pool.

Apps

We are finalizing a new app architecture on Linux and macOS, which will simplify installs and not require admin rights at every app launch. The team is also closely discussing the design of the app so its advanced and novel privacy features are clear and accessible for all users.

An important redesign to the credential system will allow validated testers to continue using the app for a longer period of time without needing to seek a new credential. Keep in mind that NymVPN Alpha testing is free for approved users, but that the beta version will require a paid subscription to continue using the app.

Network

The Nym team has been working tirelessly to complete the integration of WireGuard for the 2-hop dVPN mode. Wireguard is the fastest encrypted communication protocol for VPNs, which Nym expects will radically change the performance of NymVPN. The Nym team is also closely monitoring and helping node operators who run the network to improve the quality of service.

Website

The new Help Center was made live in early May, and there is a continuous rollout of new articles to help users with the NymVPN app. Be sure to check in and contribute questions there as you begin testing! Nym is also building a checkout flow in preparation for the public beta launch.

What’s next?

There’s a lot in the works for NymVPN, and a lot of important feedback is expected from testers as we get a chance to troubleshoot the app with all of you this summer. Here are the big developments to look for:

Your NymVPN alpha invitation

Most importantly, keep an eye out for your NymVPN Alpha credentials by email to try out the app! But be patient, invitation rollouts will happen in phases to give Nym time to process the feedback and to improve the app gradually for testers. The next batch of invitations will be sent today! If you haven’t yet signed up for the waitlist, you can still do so to have a chance to test it!

WireGuard dVPN mode

The highest priority for the Nym dev team is finalizing WireGuard integration for the 2-hop dVPN mode. WireGuard has been a gamechanger for VPN encrypted routing, offering the fastest VPN routing through a highly concise code-base that doesn’t compromise on top-of-the-line security.. Nym is on track to having WireGuard up and running by the end of June. With WireGuard on NymVPN, users can have serious decentralized privacy protections without having to worry about common latency issues with other dVPNs.

Localization

The Android app will soon be piloted in French, Spanish, and Portuguese! Stay tuned for more localization features for users all over the world.

In the meantime

Stayed tuned for important updates to the Nym network community, including a series of important changes to the governance and rewards system and updates on network performance.

Join the Nym Community

Discord // Telegram // Element // Twitter

Privacy loves company

English // 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française // Español // Português // 한국인

More invitations coming for NymVPN Alpha testers was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.


a16z Podcast

Predicting Revenue in Usage-based Pricing

Over the past decade, usage-based pricing has soared in popularity. Why? Because it aligns cost with value, letting customers pay only for what they use. But, that flexibility is not without issues - especially when it comes to predicting revenue. Fortunately, with the right process and infrastructure, your usage-based revenue can become more predictable than the traditional seat-based SaaS model.

Over the past decade, usage-based pricing has soared in popularity. Why? Because it aligns cost with value, letting customers pay only for what they use. But, that flexibility is not without issues - especially when it comes to predicting revenue. Fortunately, with the right process and infrastructure, your usage-based revenue can become more predictable than the traditional seat-based SaaS model. 

In this episode from the a16z Growth team, Fivetran’s VP of Strategy and Operations Travis Ferber and Alchemy’s Head of Sales Dan Burrill join a16z Growth’s Revenue Operations Partner Mark Regan. Together, they discuss the art of generating reliable usage-based revenue. They share tips for avoiding common pitfalls when implementing this pricing model - including how to nail sales forecasting, adopting the best tools to track usage, and deal with the initial lack of customer data. 

Resources: 

Learn more about pricing, packaging, and monetization strategies: a16z.com/pricing-packaging

Find Dan on Twitter: https://twitter.com/BurrillDaniel

Find Travis on LinkedIn: https://www.linkedin.com/in/travisferber

Find Mark on LinkedIn: https://www.linkedin.com/in/mregan178

Stay Updated: 

Let us know what you think: https://ratethispodcast.com/a16z

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


bankless

The End of the Petrodollar | Luke Gromen

“Energy is the base layer of money” -  that’s how our guest Luke Gromen puts it in today’s episode. Luke is an Author and Investor who gives us a completely new way to look at money, through the lens of energy costs.  The essential learning of today’s show is that you can’t understand money until you understand energy markets. Apart from that Luke explains why the price of oil is abo

“Energy is the base layer of money” -  that’s how our guest Luke Gromen puts it in today’s episode.

Luke is an Author and Investor who gives us a completely new way to look at money, through the lens of energy costs. 

The essential learning of today’s show is that you can’t understand money until you understand energy markets. Apart from that Luke explains why the price of oil is about to force a monetary system change, why the 60/40 portfolio is dead and much more.

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/11?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ 🎬 DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-luke-gromen-interview 

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro 5:57 Luke’s Thesis 12:23 Energy lens 23:23 Arc of the Dollar 28:31 Why Oil? 31:31 Energy as a Denominator 38:12 Energy Price Changes 45:31 Energy Miracles 59:22 Monetary System Change 1:10:41 Capital Controls 1:18:12 Future of the US 1:24:56 How to Prepare 1:30:37 Closing & Disclaimers

------ RESOURCES

Luke Gromen https://x.com/LukeGromen  

FTT, LLC https://fftt-llc.com/  

Luke Gromen Weekly Newsletter https://fftt-treerings.com/  

Visualizing the History of Energy Transitions https://www.visualcapitalist.com/visualizing-the-history-of-energy-transitions/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠   

Saturday, 08. June 2024

Panther Protocol

Testnet Stage 6 is now live with improved fee management

Fellow Panthers, First and foremost, thank you to the community of over 3000 testnet users who have been testing and sharing valuable feedback. Your continued support and patience are critically important to our mission. Testnet Stage 5 is now complete, and it provided us with valuable insights, resulting in several

Fellow Panthers,

First and foremost, thank you to the community of over 3000 testnet users who have been testing and sharing valuable feedback. Your continued support and patience are critically important to our mission.

Testnet Stage 5 is now complete, and it provided us with valuable insights, resulting in several updates to our codebase.

We are excited to announce that Stage 6 of our testnet is live. Stage 6 includes simulated fee management, AMM refilling mechanisms, simulated limited subsidy rewards, onboarding enhancements using a bundler service, and several technical improvements to our testing environment.

Note: Panther’s test network is now live on Amoy, Polygon’s test network, and can be accessed here. Due to this network change, users will need to complete the onboarding process again and activate their test zAccount. Users who are using their old accounts, however, will not have to go through PureFi credential process again and will be moved directly to the account activation. This is a one-time activity required to access Panther.  

Getting started with Stage 6

To start testing Stage 6, visit here for the updated dApp test link and follow the steps. Here are some of the features you can look forward to testing in Stage 6:

Fees
This release introduces the mechanism for charging different types of fees within the simulated testnet, including Protocol Fees, Network Gas Fees, KYT fees and KYC Fees. All simulated fees are paid from the Panther Gas account in tZKP. 

AMM Refilling with Protocol Fees
Simulated protocol fees collected during the testing will be deposited into the AMM’s pool of tZKP. 

Limited Subsidy Rewards
The production (mainnet) version of Panther Protocol will include a feature that will allow to introduce additional rewards to partially or fully compensate costs like Network Gas Cost, KYC, KYT and Miner fees, in service of encouraging use of the platform. Stage 6 of our testnet simulates this feature for testing purposes.

Note: This feature is designed to cover only tZKP-nominated fees, and will not involved test MATIC or other native test network tokens unless using the relayer service.

Note: As the protocol developer, Panther Ventures Limited is resuming the testnet after re-deployment on Amoy. Panther Protocol Foundation is finalizing the details of the reward mechanism and will ensure that testers are rewarded proportionally to their efforts and we expect all incentives will be distributed via airdrop. This blog will be updated with more specifics in the coming days.

Disclaimer

For the avoidance of doubt, tZKP, tzZKP, tPRP, test MATIC, and any other tokens mentioned in this announcement or within the product are for testing purposes only and have no economic value, nor can they be exchanged for value. 

Participation on our incentivized Testnet versions may result in you earning rewards, but such credits are not represented on any blockchain as tokens.

Friday, 07. June 2024

Epicenter Podcast

EthStaker: Ethereum Staking Wars - Nixorokish & Superphiz

In a world where a handful of (centralised) entities hold the majority of staked Ethereum (either directly or via delegation), the network’s decentralisation and security might be in peril. While there are multiple proposals being discussed to address this pressing matter, from reducing issuance after a certain breakpoint (~30% of total ETH being staked) to introducing more severe slashing for col

In a world where a handful of (centralised) entities hold the majority of staked Ethereum (either directly or via delegation), the network’s decentralisation and security might be in peril. While there are multiple proposals being discussed to address this pressing matter, from reducing issuance after a certain breakpoint (~30% of total ETH being staked) to introducing more severe slashing for colluding entities, education and guidance remain paramount. EthStaker is a community led project whose goal is to guide, educate, support and offer resources for stakers, in order to lower the barrier of entry for solo stakers.

We were joined by Superphiz & Nixorokish, to discuss the current Ethereum staking landscape and what challenges need to be addressed to ensure the network’s decentralisation and security.

Topics covered in this episode:

Superphiz’ & Nixorokish’ backgrounds Ethereum staking evolution Staking options Liquid staking Centralization risks Incentivizing solo staking Lowering ETH issuance proposal & network security Solo stakers How a healthy staking ecosystem looks like The importance of client diversity Socio-political collusion Misc.

Episode links:

Superphiz on Twitter Nixorokish on Twitter EthStaker on Twitter EthStaker

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Friederike Ernst.


bankless

ROLLUP: ETFs Back? | Robinhood Acquires Bitstamp | Biden SAB-121 Veto

Bankless Friday Weekly Rollup  1st Week of June 2024 ------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/12?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E  ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO

Bankless Friday Weekly Rollup  1st Week of June 2024

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/12?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/ 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------

TIMESTAMPS & RESOURCES

0:00 Intro

3:26 Prices

4:30 L2 Update https://x.com/jessepollak/status/1798731497173905439  https://x.com/0xKofi/status/1797645289307951127  https://x.com/Uniswap/status/1797624523711561828  https://x.com/RyanSAdams/status/1798460468069085234 

10:00 3 more milestone numbers on the wk https://x.com/TrustlessState/status/1798497346512412898   https://x.com/0xDeFiDevin/status/1797462120713613511  https://twitter.com/sorellalabs  https://www.coingecko.com/en/coins/bnb 

17:52  FROTHY STONKS https://x.com/greg16676935420/status/1798404597897363936  https://companiesmarketcap.com/assets-by-market-cap/  https://www.reddit.com/user/DeepFuckingValue/  https://www.tradingview.com/chart/?symbol=NYSE%3AGME  https://x.com/JasonHitchcock/status/1797437168324899192 

26:04 ETFs are back baby! Wen ETH ETF, wen banana zone for ETH? https://x.com/CarpeNoctom/status/1798170536146825630  https://x.com/ericbalchunas/status/1798156058487382232  https://x.com/bitcoinmagazine/status/1796120216780333409   https://x.com/EricBalchunas/status/1797644643712262482  https://finance.yahoo.com/news/blackrock-says-10m-seed-money-174942096.html  https://x.com/ericbalchunas/status/1796606348324634798  https://x.com/EricBalchunas/status/1797589909768949827  https://x.com/EleanorTerrett/status/1798351844248576311   https://x.com/AlexanderGrieve/status/1798352191713157308   https://x.com/RyanSAdams/status/1796543517671424065  https://x.com/tradetheflow_/status/1797520578087465295/photo/2  https://x.com/vaneck_us/status/1798428976068657411  https://x.com/vaneck_us/status/1798432653726658619 

43:55 President Biden missed the layup - vetoed SAB-121  https://www.whitehouse.gov/briefing-room/presidential-actions/2024/05/31/a-message-to-the-house-of-representatives-on-the-presidents-veto-of-h-j-res-109/  https://www.aba.com/advocacy/policy-analysis/letter-to-president-biden-sab-121  https://x.com/faryarshirzad/status/1796837972978872764  https://x.com/nic__carter/status/1796687373314445766  https://x.com/standwithcrypto/status/1798433256339079417  https://x.com/fejau_inc/status/1796310685330051121  https://www.coindesk.com/markets/2024/05/30/trump-token-sinks-after-former-us-president-is-found-guilty-in-new-york/ 

52:50 Robinhood Acquires Bitstamp https://x.com/RobinhoodApp/status/1798672303519342898  https://twitter.com/vladtenev/status/1798680590344126963 

55:05 Celebcoin Culture Wars  https://www.coingecko.com/en/coins/mother-iggy  https://x.com/VitalikButerin/status/1798290424622113230  https://x.com/IGGYAZALEA/status/1798471807647068297  https://x.com/haydenzadams/status/1798551176834638114 

59:32 ETH Coinbase’s smart wallets is now officially launched! Is this how we get to billions? https://www.coinbase.com/blog/a-new-era-in-crypto-wallets-smart-wallet-is-here  https://x.com/jessepollak/status/1797772737207062752 

1:02:31 StarkWare plans to bring ZK scaling to Bitcoin alongside Ethereum https://x.com/StarkWareLtd/status/1797985467666940265 https://bankless.cc/PermissionlessDiscount 

1:05:31 Punks below 30 ETH https://x.com/punksOTC/status/1798093880711155918 

1:06:26 Blackrock and Citadel wants to launch new rival Stock Exchange in Texas https://www.reuters.com/markets/us/blackrock-citadel-backed-group-start-new-national-stock-exchange-texas-wsj-2024-06-05/  https://x.com/delzennejc/status/1798399433651974301 

1:10:21 Raises and BVC Investments  Mountain raised $8M in Series A https://x.com/MountainUSDM/status/1798740495679815731 

1:11:35 MEME of the Week https://x.com/TrustlessState/status/1798124339843449065  

1:12:19 Closing & Disclaimers

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

Thursday, 06. June 2024

a16z Podcast

California's Senate Bill 1047: What You Need to Know

On May 21, the California Senate passed bill 1047. This bill – which sets out to regulate AI at the model level – wasn’t garnering much attention, until it slid through an overwhelming bipartisan vote of 32 to 1 and is now queued for an assembly vote in August that would cement it into law. In this episode, a16z General Partner Anjney Midha and Venture Editor Derrick Harris breakdown everything t

On May 21, the California Senate passed bill 1047.

This bill – which sets out to regulate AI at the model level – wasn’t garnering much attention, until it slid through an overwhelming bipartisan vote of 32 to 1 and is now queued for an assembly vote in August that would cement it into law. In this episode, a16z General Partner Anjney Midha and Venture Editor Derrick Harris breakdown everything the tech community needs to know about SB-1047.

This bill really is the tip of the iceberg, with over 600 new pieces of AI legislation swirling in the United States. So if you care about one of the most important technologies of our generation and America’s ability to continue leading the charge here, we encourage you to read the bill and spread the word.

Read the bill: https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202320240SB1047


Horizen - Blog

Mainnet Node Software Upgrade: ZEN 5.0.3 is Available to Download

The new version ZEN 5.0.3 is available to download on GitHub and via Docker. The post Mainnet Node Software Upgrade: ZEN 5.0.3 is Available to Download appeared first on Horizen Blog.

The new version ZEN 5.0.3 is available to download on GitHub and via Docker.

Download ZEN 5.0.3 Now ZEN 5.0.3 is an official maintenance Release for Mainnet and Testnet ZEN 5.0.3 will not perform any network upgrade on Mainnet via Hard Fork Nodes running on Mainnet and Public Testnet can be updated with this version, but the upgrade is not mandatory See release notes Here Performance improvement(60x) on listunspent RPC implementation listunspent RPC implementation, results ordered by destination address (previously ordered by transaction hash)

Please let us know if you have any questions or need further support by contacting us on our Discord.

The post Mainnet Node Software Upgrade: ZEN 5.0.3 is Available to Download appeared first on Horizen Blog.


PIVX

A PIVX Paladin Education Series: PIVX, Total Privacy When You Want It.

A PIVX Paladin Education Series: PIVX, Total Privacy When You Want It. PIVX SHIELD provides complete transaction protection, preserving privacy by hiding financial information. And it achieves this with zero preparation time. This is all made possible through PIVX’s innovative use of Zero Knowledge Proofs. With SHIELD, you have the flexibility to transact while maintaining complete priv

A PIVX Paladin Education Series: PIVX, Total Privacy When You Want It.

PIVX SHIELD provides complete transaction protection, preserving privacy by hiding financial information. And it achieves this with zero preparation time. This is all made possible through PIVX’s innovative use of Zero Knowledge Proofs. With SHIELD, you have the flexibility to transact while maintaining complete privacy.

Want to learn more? The PIVX Paladin Education Series is a good place to start.

Video 1: https://www.youtube.com/shorts/8gFTIPVt9DA
Video 2: https://www.youtube.com/shorts/m4K96Sz0mOI
Video 3: https://www.youtube.com/shorts/359ln837Gnc

PIVX. Your Rights. Your Privacy. Your Choice.
Unlock the Power of Digital Cash, with Optional Privacy & Complete Control of Your Funds.
Visit us today at PIVX.org, join our community at Discord.PIVX.org.

A PIVX Paladin Education Series: PIVX, Total Privacy When You Want It. was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Wednesday, 05. June 2024

Greylock Partners

Building the GTM Foundations

The post Building the GTM Foundations appeared first on Greylock.

The post Building the GTM Foundations appeared first on Greylock.


Horizen - Blog

EON 1.4 – Version Changes and Update Instructions

Overview This document will outline the various changes that were introduced with the 1.4 update. It will provide a list of areas you should be aware of and also instructions on how to update your forger with new capabilities. In version 1.4, we’ve improved the usability of the staking system at the protocol level by […] The post EON 1.4 – Version Changes and Update Instructions appeared firs

Overview

This document will outline the various changes that were introduced with the 1.4 update. It will provide a list of areas you should be aware of and also instructions on how to update your forger with new capabilities.

In version 1.4, we’ve improved the usability of the staking system at the protocol level by automating the reward distribution among the forger hosting provider and the ZEN holders who stake their ZEN to the forger node. Forgers are now able to designate a smart contract that will allow delegators to claim rewards. The percentage of the forger’s incomes redirected to the smart contract will be declared by each forger when first registering.

Horizen will provide a factory contract that can be used to distribute rewards to forgers, although any contract can be used. The smart contract provided will distribute rewards proportionally to delegators according to the amount they stake.

Version 1.4 also introduces a minimum staking requirement (10 ZEN)  to forgers for security best practices.

It’s important to note that no changes need to be made by existing forger nodes, 100% of the forger incomes will continue being sent to the reward address specified by the forger as it does currently. Otherwise, you can designate a smart contract for reward distribution (instructions provided within this document). 

The EON 1.4 hardfork will happen on Thursday, June 27th at Epoch 1593 (16:55pm UTC)

EON 1.4  mainnet release tag https://github.com/HorizenOfficial/eon/releases/tag/1.4.0 :  Docker Compose Updates: https://github.com/HorizenOfficial/compose-evm-simplified/releases/tag/1.4.0 

Horizen Reward Factory Contract Address: TBD (currently under audit will be available soon). We will communicate the factory contract to partners once ready. Nodes can begin installing the update and continue receiving rewards as they do currently. Once the contract is ready you will have the option to set the factory contract to distribute rewards to delegators.

Changes in Stakes Management

Please review the following information to understand the changes that occurred with this update. This is important for those of you running forger nodes as some functionality has changed.

A new native smart contract will be available to manage stake-related operations. It will be available at the address 0x0000000000000000000022222222222222222333. Full documentation of its interface can be found here.

The old smart contract exposed at address 0x0000000000000000000022222222222222222222 will be deprecated and all its methods will error if called after the 1.4 hardfork.

The below table summarizes the most important differences.

Detail: Changes Before <> After

Operation

EON < 1.4

EON 1.4

Declare a new forger

Not needed
(Just create a stake with a standard stake operation)

New Endpoint /transaction/registerForger
with 10 ZEN min

Add stake (via smart contract call)

delegate method on old stake contract. Stake owner (the address that can unstake it) can be any address

delegate method on new stake contract
(Stake owner will be always the tx sender)

Add stake (via http endpoints)

transaction/makeForgerStake

Not available

Withdraw stake (via smart contract call)

withdraw on old stake contract

StakeId and additional signature needed

Partial withdraw not possible

withdraw on new stake contract

No stakeId and no additional signature needed

Partial withdraw possible

Withdraw stake (via http endpoints)

transaction/spendForgingStake

Not available

Stakes belonging to a delegator address

getPagedForgersStakesByUser on old stake contract

(in the return list 1 element for each stakeId)

getPagedForgersStakesByDelegator on new stake contract

(in the return list 1 element for each forger, with the sum of the stakes)

Stakes owned or delegated to a specific forger

Not available
(Was possible to retrieve the whole list with getPagedForgersStakes and then filter later)

getPagedForgersStakesByForger on the new stake contract

Total amount staked

stakeOf on the old stake contract: 

Returns only the current value and only by delegator

stakeTotal on new stake contract.

Possible to query historical data for previous epochs, and filter by delegator and/or forger

Stake lottery

Forger will participate at the lottery with any amount

Forger will participate at the lottery only if owned+delegated stake >= 10 ZEN

List of registered forgers

Not available

getPagedForgers on new stake contract


Explorer Changes

EON Explorer will be updated to a new version on Tuesday, June 25.

Breaking changes Current API will be deprecated on the current URL. Please update the API URL to https://eon-explorer-api.horizenlabs.io/api.
Alternatively, the V2 API can be used. See specifications in the V2 API docs: https://eon-explorer.horizenlabs.io/api-docs  New features Display ABI for Forger Stake V2 contract Display a list of “Mainchain Rewards Distribution” from 0x0000000000000000000033333333333333333333  V2 API docs:  https://eon-explorer.horizenlabs.io/api-docs New APIs for forward transfers and fee payments: /blocks/{block_number_or_hash}/forward-transfers /blocks/{block_number_or_hash}/fee-payments /addresses/{address_hash}/forward-transfers /addresses/{address_hash}/fee-payments /forward-transfers /fee-payments Deploying the Factory Contract to EON for Distribution

Horizen provides a default implementation of a smart contract handling the redistribution of rewards between forger’s delegators.

The Factory contract to deploy is the DelegatedStakingFactory.sol.

To perform the deploy, a script is already present in the repository. The following steps should be performed:

Clone project. Ensure that the DelegatedStaking contract is using the correct hard-coded address for ForgerStakesV2 native smart contract. Run npm run install to install project dependencies – Node.JS and NPM are required. Copy/rename the .env.example file in .env file and fill the PRIVATE_KEY parameter with the private key of the wallet that should deploy the Factory smart contract. No other parameters are required. Run the command npx hardhat run ./scripts/deployFactory.ts –network <network_name>
Replacing <network_name> with the name of the chain on which the contract will be deployed between the one defined into the hardhat.config.ts file.  Forger Registration and Setting Smart Contract for Distribution of Rewards

The instructions below are all steps required when setting up a new forger node. If you already have a node, you only need to (optionally) follow Step 2 to assign an EON smart contract for reward distribution.

Step 1: Registration of  Forgers

Each forger must now register before being able to participate in the lottery and receive stake delegations. This is an additional step compared to the actual flow (so far, was enough to create an initial stake).

The registration can be performed by calling  a new http endpoint on the forger node:

/transaction/registerForger

The method will accept the following parameters:

signPubKey vrfPubKey rewardShare smartContractAddress stakedAmount

(see above link for further info)

Please note that rewardShare and smartContractAddress once set are considered immutable and can’t be changed later  (to use different values a forger would have to register new keys, and ask the delegators to unstake+stake to the new key).

Step 2: Update of a Forger Already Present Before EON 1.4

Forgers already present before EON 1.4 will not require an explicit registration described in Step 1: they will be automatically migrated and registered.

But please note that if they own a total stake (own + delegated)  < 10 ZEN  they will no longer be able to forge any block after the 1.4 hardfork activation, and you will need to increase the stake to 10 ZEN or more.

All migrated forgers will have the fields rewardShare = 0 and smartContractAddress  = none, meaning they will not redirect any percentage of the reward to an additional smart contract (the same behavior happens in old EON versions). 

A method to update these fields is available in the http endpoints:

/transaction/updateForger

The method will accept the following parameters:

signPubKey vrfPubKey rewardShare rewardAddress

(see above link for further info)

Please note this method can be called only once and only if their value is equal to: (rewardShare=0, smartContractAddress=null). In other words,  rewardShare and smartContractAddress once set are considered immutable and  can’t be changed (to use different values a forger would have to register new keys, and ask the delegators to unstake+stake to the new key).

Important: for security reasons the updateForger operation will be doable only starting from two consensus epochs after the hard fork activation (25 hours).

Step 3: Collect Stakes

Similar to the actual smart contract, the new native smart contract will expose methods to delegate stake to a forger and withdraw them.

delegate(bytes32 signPubKey, bytes32 vrf1, bytes1 vrf2)

The method will fail if the forger was not previously registered (remember forgers existing before the hard fork activation will be considered registered by default).

withdraw(bytes32 signPubKey, bytes32 vrf1, bytes1 vrf2, uint256 amount)

The owner of the stake must be the one sending the tx.

Enough stake must exist, but now will be possible also to partially withdraw the stake.

Amount unstaked will be sent back to the sender balance.

Please note that with the new system the stake handling is simplified, since:

There is no more the concept of “stakeId”. A stake is now just an amount associated with a specific forger and delegator address, that can be incremented or decremented over-time with multiple delegate and withdrawal operations.  No additional signatures other than the standard Ethereum-like transaction signature will be required to call delegate and withdraw methods: this allows them to be called easily also from hardware wallets like Ledger. Step 4: Reward Calculation 

The same algorithm  will be applied at the end of each withdrawal epoch to reward forgers, but the amount previously sent to the forger address will be split in two parts if the rewardShare specified by the forger is > 0.

An additional change has been also implemented in the:

Endpoints /block/getFeePayments  RPC endpoint zen_getFeePayments

Their result will keep the same format as now, but will also include the reward paid to the address of the smart contracts (if defined).

We will also detail the amount coming from the mainchain redistribution: to be retrocompatible they will be into additional fields valueFromMainchain and valueFromFees:

Step 5: Claim of Delegators Rewards

The amounts directed to the smart contract will have to be redistributed among delegators through the contract. Distribution is the responsibility of the contract implementation. Horizen’s contract provides a fair distribution based on the amount staked and epoch of staking. The default smart contract implementation provided by Horizen exposes a claim method to do it: 

claimReward(address owner)

Note that anyone could call the claim method on behalf of the owner (no restrictions on the sender of the transaction). 

Documentation on the factory contract is located here: https://github.com/HorizenOfficial/eon/blob/development/doc/howto/delegatedstakingcontract.md

Any forger is free to deploy its own smart contract. Please read the native smart contract documentation for useful methods that could be used inside the smart contract logic.

Reward from Mainchain – New Rules

The maximum ZEN amount redistributed to forgers from the special address 0x000000000000000000003333333333333333333 in a single withdrawal epoch is now limited to a maximum value expressed by the following formula:

MAX_VALUE_REDISTRIBUTED = sum [10% of Mainchain’s block-reward Coinbase of each mainchain block reference included in the withdrawal epoch]

Funds over the limit will stay in the address balance and will be redistributed in the following epochs.

For example:
Current Mainchain block reward: 6.25 ZEN
Number of mainchain block-reference in a withdrawal epoch: 100
MAX_VALUE_REDISTRIBUTED = 10%(6.25) * 100 = 62.5 ZEN

Release Notes

Additional info on other changes introduced in EON 1.4 can be found in the release notes for EON 1.4 and SDK respectfully: 

https://github.com/HorizenOfficial/eon/blob/1.4.0-RC1/doc/release/1.4.0.md  https://github.com/HorizenOfficial/Sidechains-SDK/blob/dev/doc/release/0.12.0.md

The post EON 1.4 – Version Changes and Update Instructions appeared first on Horizen Blog.


Nym - Medium

Improved Nym node reward scheme

Nym gateway nodes to gain rewards in new incentive system The Nym network is powered by a decentralized community of node operators, and Nym is working closely with them to fairly reward their work. Languages: 中文 // Türkçe // 日本 // Française // Bahasa Indonesia The advantage of a decentralized model for privacy is clear: a multi-hop network through independent, globally dispersed, and unli
Nym gateway nodes to gain rewards in new incentive system

The Nym network is powered by a decentralized community of node operators, and Nym is working closely with them to fairly reward their work.

Languages: 中文 // Türkçe // 日本 // Française // Bahasa Indonesia

The advantage of a decentralized model for privacy is clear: a multi-hop network through independent, globally dispersed, and unlinkable servers. The challenge of decentralization, however, is how to ensure that a diverse network of operators will perform well with high traffic levels and paying customers. This is where node incentives come into play.

Nym nodes are rewarded for providing privacy, but also in proportion to their role, performance, and reputation. The network has five layers of nodes: entry gateways, three layers of mix nodes, and exit gateways. In the current network setup, only mix nodes have been rewarded from the mixmining pool, with gateways instead receiving temporary service grants. An improved reward scheme means that nodes serving all five layers will be included in the reward set.

Below are some of the major developments that have happened in the past month which improve the performance, capacity, and sustainability of the mixnet. This includes network performance tests, the first operator town hall, the very first community vote, a new Delegations Program, and a new and improved rewards scheme for nodes. This is all in lock-step with the roll-out of the NymVPN app which will be the first commercial application to run on the Nym privacy platform.

What makes a decentralized privacy infrastructure so unique? Spoiler: it’s the strength of community.

New heights in network performance

The Nym network is possible because independent operators run Nym nodes: they are supply side providing users worldwide with genuine privacy online. And Nym nodes have recently been gearing up to service a real demand: Nym’s very own NymVPN app, which will soon be the first commercial product to run on the Nym mixnet and test its strengths.

The Nym operator community is collaborating closely with the Nym core team to ensure that the quality of network service is up to scratch. In the months leading up to the start of the NymVPN alpha testing phase, Nym has been regularly organizing a series of “Fast & Furious” tests to pump high volumes of traffic through the network. In the process, nodes have helped Nym learn a lot about what the network can do.

The good news? The network didn’t even break a sweat. The bad news? We didn’t hit the upper limit, so it is still not clear just how much traffic the Nym network can withstand. To help us pump even more load into the network, we may need to call upon the Nym community to help us DoS or DDoS our operators. Keep an eye out for an upcoming date to discover the limits of network capacity!

Meanwhile, the Nym R&D team is continuing work on measuring and improving the number of clients that nodes can service. Recent measurements show a doubling of capacity when using an upcoming new packet format, but more on that soon!

Delegations Program for new node operators

Operators compete on performance, reputation, and (soon) location to attract traffic to their nodes and be rewarded for their work. But competition has its limits, and it is sometimes necessary to nudge specific behaviors and the overall network towards a more egalitarian and pragmatic distribution of resources.

The new Nym Delegations Program serves just this purpose. It is designed to bootstrap new, high quality nodes by delegating NYM stake from the company treasury. This enables high performing and geographically needed nodes to be included in the “active set” and have a chance to get rewarded for their work.

Anyone can run a Nym node in principle. But in order to be included in the “active set” and actually route and mix traffic, a node needs to perform well and have a good reputation (or stake). The Delegation Program also incentivizes the operator community to set up nodes in required locations, to prioritize certain VPS providers, and to meet specific requirements to ensure the best quality of service for end-users.

Staking rewards from official delegations go to a community treasury, the Squad Wealth Fund, which in turn supports Nym community initiatives. Nym’s rewards system, which is set to be updated, also aims to better incentivize top-performance for Nym nodes..

Gateways to be rewarded

A gateway is a node that permits entry to or an exit from the Nym mixnet. Until now, these nodes have not been part of the Nym rewards system, instead receiving small grants for their work. However, they play a crucial part in enabling quality VPN service, and so rewards are more than warranted.

Incorporating gateways into the rewards system will involve a technical change to how each node is structured inside the network. As per our roadmap, Nym is moving ahead with “smooshing” together the previously separate node binaries into a single node binary called the Nym Node l. Essentially every Nym node will be able to function as an entry gateway, mix node, or exit gateway, depending on how they are set up by their operators. This enables the mixnet not only to randomize all its nodes at every epoch (each hour!), but also to assign node roles based on mixnet users’ demand.

As worldwide coverage and location selection is an important feature for most VPN users, the Nym nodes who opt in for both gateway roles will be able to generate a lot more rewards for their operators. With the Nym VPN around the corner, there has never been a better time to start operating a Nym node.

Updated rewards scheme

To further reward nodes that facilitate higher loads of traffic, and who bear different operator risks, nodes will now be additionally compensated for the quantity of work done and proportionally rewarded for operating gateways.

All nodes perform essential functions in Nym’s 5-layered mixnet. However, since exit and entry gateways are directly exposed to the open internet, they generally bear a higher burden and experience more issues than regular middle-layer mix nodes do. To recognize this difference, exit gateways will receive the higher percentage of a reward per a ticket, followed by entry gateways and mixnodes.

NymVPN has two routing modes: a more private 5-hop mixnet mode, and a faster 2-hop dVPN mode in which data packets are only sent between entry and exit gateways. Depending on whether a node is routing traffic through one or the other, the rewards per ticket will be proportioned differently: for each ticket, five nodes are involved in mixnet traffic compared with the two for the dVPN mode.

These rewards are in addition to the hourly rate for mixmining, and are intended to incentivize nodes to offer high-performance and not simply the act of mixing or routing.

For a breakdown of the new Nym rewards scheme and the math behind it, check out Igor Smirnov’s presentation at the recent town hall (starting at 29:43m). This includes models for Nym rewards broken down in terms of node popularity, whether or not a node is running an entry or exit gateway, and which VPN mode is being serviced. Keep in mind that the figures in the presentation are projective estimates.

Privacy takes a village

The mixnet ecosystem that Nym is building isn’t just any privacy product: it’s a global network of service-providers who believe that only a decentralized infrastructure can provide actual privacy protection for people around the world. In fact, centralized privacy services often pose more risks to users than protections, and in many cases actively violate our privacy. As Nym says, privacy loves company, and it takes a village to safeguard it. Nym is working to incentivize doing so.

Nym is excited to keep working with its community of providers, hearing your feedback and ideas, and further developing the rewards scheme so that the Nym project is both equitable and sustainable. If you’re interested in joining us, learn how to operate a Nym Node. If you’re already on board, check out and contribute to the new community forum.

A lot is coming, so stay tuned!

Resources Nym Operator Guide Nym operator channel (Element) Nym forum Join the Nym Community

Discord // Telegram // Element // Twitter

Privacy loves company

English // 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française // Español // Português // 한국인

Improved Nym node reward scheme was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.


bankless

When Will We Go Parabolic This Cycle? | RSA+DH

After 3 months of flat crypto prices, people are asking “where are we in the cycle”? What if the real bull hasn't even started yet? How big of the impact can the ETH ETF's really have and can they really take us to the coveted.... Banana Zone? All of that and more on this weeks episode of Bankless Takes. ------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add

After 3 months of flat crypto prices, people are asking “where are we in the cycle”? What if the real bull hasn't even started yet?

How big of the impact can the ETH ETF's really have and can they really take us to the coveted.... Banana Zone? All of that and more on this weeks episode of Bankless Takes.

------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/10 

------ 🔐 GridPlus Lattice1 Hardware Wallet  (use discount code BANKLESS2024 at checkout for 15% off) https://gridplus.io/products/grid-lattice1 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS 00:00 Intro 03:18 The Bull Run is Boring 06:35 What Inning Are We In? 16:28 Demand For Gold Reserves 23:19 The Banana Zone 28:22 ETH ETF Impact 35:30 Celeb Memecoins 43:12 Key Takeaways

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Tuesday, 04. June 2024

Zcash Foundation

Polling ZCAP on the Design of a Proposal for a new Dev Fund

Since the first November 2020, 20% of Zcash mining rewards has been allocated to a Dev Fund, which is distributed to the Electric Coin Company (ECC), the Zcash Foundation (ZF), and the Zcash Community Grants program (ZCG).  The current Dev Fund will end when the next Zcash halving occurs in November 2024. If a new […] The post Polling ZCAP on the Design of a Proposal for a new Dev Fund appe

Since the first November 2020, 20% of Zcash mining rewards has been allocated to a Dev Fund, which is distributed to the Electric Coin Company (ECC), the Zcash Foundation (ZF), and the Zcash Community Grants program (ZCG). 

The current Dev Fund will end when the next Zcash halving occurs in November 2024. If a new Dev Fund is to activate when the current one expires, the Zcash community must reach consensus within the next few months, so that the new Dev Fund can be designed and codified in the Zcash protocol, and deployed in the Zcashd and Zebra node implementations. 

The question that the Zcash community faces is this: What should happen when the current Dev Fund expires in November 2024? 

A range of ideas have been put forward, including allowing the Dev Fund to expire without any extension or replacement, directing a new Dev Fund into a “lockbox” to hold the funds until a new funding and governance model can be put in place, and several community members have put forward proposals for new Dev Funds (or an extension of the current Dev Fund).

Based on community feedback, the Zcash Foundation (ZF) has decided to conduct a series of exploratory opinion polls of ZCAP members, to assess the community’s sentiment regarding a potential future Dev Fund, with a view to drafting a formal proposal based on that feedback. 

To be clear: the purpose of this poll is not to reach a formal decision regarding what should happen in November. 

Instead, this poll is intended to solicit feedback from the community that ZF will then use to draft a proposal that can be evaluated and discussed alongside other proposals. 

With limited time available to design and implement a new Dev Fund before November, we will base the proposal on the existing “funding streams” model, whereby a percentage of Zcash mining rewards is allocated to a Dev Fund which is then distributed amongst a number of recipients.

The initial scope is based on several proposals for new Dev Funds that have already been put forward by members of the Zcash community, and have been discussed on the Zcash community forum. 

We expect that it will require several polls to narrow a wide set of options down, and we hope that the end result will be a set of specific choices that attract broad support from across the Zcash community. 

Our priority is to ensure that the Zcash community has a voice in what happens come November, and our goal is to help the community reach consensus. 

It may be that consensus cannot be reached, in which case there will be no new Dev Fund in November. As we have stated previously, if the Zcash community decides that the Dev Fund should end and not be replaced (or that it should be replaced but that ZF should not receive any funding), ZF will support that decision. 

It may also be that the community reaches consensus on adopting a different approach, such as ECC’s proposed extension of the current Dev Fund, or Skylar’s proposed “lockbox”. Again, ZF will support the community’s decision. 

In the first poll, we are asking the following questions, and provide the following response options. 

Q1: Should a new Dev Fund be put in place when the current Dev Fund ends in November 2024?

Yes No

In this question, “a new Dev Fund” means a Dev Fund that follows the existing Dev Fund’s “funding streams” model, whereby a portion of the mining reward goes directly to organizations such as ZF and the Bootstrap Project (the parent of the Electric Coin Company) to either fund their own operations or for redistribution to another organization (as with Bootstrap and ECC) or program (as with ZF and ZCG). 

However, the percentage of the block reward allocated to the new Dev Fund, the recipients, and how the new Dev Fund is split between those recipients may be different. 

You should answer “Yes” if you believe that any of the organizations or programs listed under Q4 below should be funded from a new Dev Fund from November 2024. 

You should answer “No” if you believe that none of the organizations or programs listed under Q4 below should be funded from a new Dev Fund from November 2024. 

Q2: If there is to be a new Dev Fund, should its recipients’ allocations reduce over time, with the balance allocated to an Unissued Reserve, as proposed by GGuy?

Yes  No, recipients’ allocation should remain constant for the duration of the new Dev Fund. 

GGuy has suggested that the amount allocated to each Dev Fund recipient should follow a declining schedule, with the surplus funds allocated to an Unissued Reserve, that can only be issued through community consensus. More information can be found here

Q3: If there is to be a new Dev Fund, how long should it last?

1 year 18 months 2 years 3 years 4 years

If a new Dev Fund is to start in November, it must be specified with a default duration. This does not mean that the new Dev Fund will necessarily last for its full duration – the community may opt to change it, end it early or replace it with a new Dev Fund of an entirely different design.

Q4: Which organizations and programs should receive funding from a new Dev Fund?

Bootstrap Project (parent of the Electric Coin CompanyFinancial Privacy Foundation a Legal Defense Fund QEDIT Zcash Community Grants program Zcash Foundation ZecHub

Respondents can select up to seven options in response to this question.

Please note that Bootstrap/ECC have stated that they will not receive funding directly from the chain except in the case of a one-year extension with a clear mandate to move to a non-direct funding model. 

Receipt of a Dev Fund slice is voluntary, and any of the organizations listed may request that they not be considered as a potential recipient (as Shielded Labs have already done). If that happens, that organization will not be included in any draft proposal that emerges from this process. 

The Legal Defense Fund option reflects a suggestion that a portion of any new Dev Fund should be allocated to fund legal action to challenge any regulatory action or legislation that negatively impacts the overall Zcash project.

This first poll is now open for ZCAP members to vote, and will close at 09:00 UTC on 12th June 2024.

Future polls will solicit input on questions such as what percentage of coin issuance should be allocated to a new Dev Fund, and how the Dev Fund should be distributed amongst the recipients.

As stated above, the objective of this process is to obtain sufficient insight into the Zcash community’s collective sentiment to draft a Dev Fund proposal that reflects that sentiment, and can be assessed alongside other proposals from the community. We expect that there will be a final run-off poll to determine whether any proposal has consensus support across the Zcash community. 

As always, we welcome the community’s feedback. If you have comments or suggestions, please join the conversation on the Zcash community forum

The post Polling ZCAP on the Design of a Proposal for a new Dev Fund appeared first on Zcash Foundation.

Monday, 03. June 2024

Shade Protocol

June Syracuse v0.1 Shade Protocol Upgrade

Greetings community, In this blog post, we’re excited to present a comprehensive list of updates made in May that didn’t make it into the Alexandria update. While these changes may seem minor, we believe in transparency and the importance of highlighting even the smallest tweaks to our application to enhance user experience. First on the list is a fix to the bridge button, addressing instances w

Greetings community,

In this blog post, we’re excited to present a comprehensive list of updates made in May that didn’t make it into the Alexandria update. While these changes may seem minor, we believe in transparency and the importance of highlighting even the smallest tweaks to our application to enhance user experience.

First on the list is a fix to the bridge button, addressing instances where it would mysteriously “gray out” without warning. Additionally, we’ve streamlined the process by adding sSCRT support on the Shade Bridge page, simplifying the management of SCRT and sSCRT balances. Another significant change includes filtering the swap dropdown by user balances, eliminating the need for manual scrolling.

Furthermore, we’ve introduced toast notifications on the Shade bridge page to alert users when they lack sufficient gas for bridging operations. Excitingly, we’ve updated the SILK/SHD circulating supply in anticipation of the June 18th upgrade, alongside migrating the Shade API infrastructure to the latest version of Secret Network post successful mainnet upgrade!

Other improvements include fixing bugs on the portfolio page and updating data feeds for Quicksilver, Stride, and Persistence oracles in light of the Secret Network upgrade.

While this technical rundown may seem brief, we aim to foster trust within the community by providing insight into the ongoing enhancements of the Syracuse upgrade (v0.1) on its journey towards the Shade Protocol private DeFi suite.

Alexandria Unveiled — Shade v2.1

Conclusion

In conclusion, the Syracuse v0.1 gets us one step closer to the launch of Alexandria — a significant milestones in Shade Protocol’s journey towards revolutionizing decentralized finance. Inspired by the legacy of ancient Alexandria and the valor of the Spartans, Shade Protocol stands as a beacon of innovation and financial autonomy in the decentralized landscape.

With its commitment to privacy, ease of use, and continuous improvement through Syracuse upgrades, Shade Protocol is not only shaping the future of DeFi but also empowering individuals to reclaim control over their finances and data. As the community eagerly anticipates the release of Alexandria and beyond, Shade Protocol remains dedicated to its mission of building an unstoppable, decentralized financial ecosystem for all.

Website: app.shadeprotocol.io

Twitter: https://twitter.com/Shade_Protocol


PIVX

PIVX is excited to announce that our YouTube channel is now active again!

PIVX YouTube is Back and Better Than Ever! See how PIVX Marketing has revamped the YouTube channel with new content such as the PIVX Paladin education series, and more. https://youtube.com/c/PIVXCrypto Until Next Time, Keep it Purple People! PIVX.org PIVX is excited to announce that our YouTube channel is now active again! was originally published in PIVX on Medium, where people are con

PIVX YouTube is Back and Better Than Ever!
See how PIVX Marketing has revamped the YouTube channel with new content such as the PIVX Paladin education series, and more.

https://youtube.com/c/PIVXCrypto

Until Next Time, Keep it Purple People!
PIVX.org

PIVX is excited to announce that our YouTube channel is now active again! was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


Circle Blog

Circle Submits App to Partner with Institutions for BIS Project Agorá

As a strong proponent of public-private sector collaboration in building a safer, more resilient and more efficient financial system, we are excited to announce that Circle has submitted an application to participate in Project Agorá, an initiative led by the Bank for International Settlements (BIS) and supported by the Institute of International Finance (IIF). As the largest regulated

As a strong proponent of public-private sector collaboration in building a safer, more resilient and more efficient financial system, we are excited to announce that Circle has submitted an application to participate in Project Agorá, an initiative led by the Bank for International Settlements (BIS) and supported by the Institute of International Finance (IIF). As the largest regulated stablecoin issuer globally, Circle is eager to bring its wealth of experience and knowledge to the table, particularly in the realm of tokenized cross-border payments.


bankless

The Ethereum vs. Solana Debate | Justin Drake vs. Anatoly Yakovenko

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/9?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E  ------ 🎬 DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-justin-drake-vs-anatoly-yakovenko-interview  ------ Ethereum vs. Solana. That’s the debate we’re having today. On Ethere

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/9?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ 🎬 DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-justin-drake-vs-anatoly-yakovenko-interview 

------ Ethereum vs. Solana. That’s the debate we’re having today.

On Ethereum’s side we have Ethereum Researcher Justin Drake, and on the Solana’s we have Solana’s Co-Founder Anatoly Yakovenko.

They give us the good, the bad and the ugly of each other’s blockchain, settling their endgame towards the end of the episode. 

This was one, if not the spiciest debate we had on the show. We tried our best to give both guests time with minimal intervention. At times went well, at others it caused deep semantic rabbit holes. But overall both guests were able to communicate their messages.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------

BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo    🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE https://transporter.io/ 

⚡️ CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS

 

0:00 Intro

7:16 The Good

22:30 The Bad

52:03 Global Shared State

1:06:07 Economic Security

1:30:08 The Ugly

1:47:23 The Endgame

1:55:22 Closing & Disclaimers

------ RESOURCES

Anatoly Yakovenko https://twitter.com/aeyakovenko  

Justin Drake https://twitter.com/drakefjustin  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠  

 


Zaisan

What is NFT Staking?

Featured image: R2-Rewards.com So you’ve got a nice collection of non-fungible tokens (NFTs). After a few months, you have managed to amass a respectable amount of those little digital wonders. You might have been able to sell one or two, earning you enough for a couple of cups of coffee in your nearest franchised outlet. […] The post What is NFT Staking? appeared first on Zaisan.

Featured image: R2-Rewards.com

So you’ve got a nice collection of non-fungible tokens (NFTs). After a few months, you have managed to amass a respectable amount of those little digital wonders. You might have been able to sell one or two, earning you enough for a couple of cups of coffee in your nearest franchised outlet. But as you take sips off that hard-earned coffee and browse through your NFT portfolio, you can’t help but wonder about the value hidden there, just waiting to be uncovered. 

The question is, how to unlock the value in those NFTs? 

NFT staking: definition

When they hear the word staking, most people think back to the old Hammer films, when the nefarious Dracula would meet his demise with a wooden stake through the heart. And yes, that is one traditional understanding of the word staking. But it’s 2022 now, and though Count Dracula still roams somewhere down the darkest halls of our dreams, staking now means something altogether more profitable. 

In today’s digital context of NFTs, staking is sort of a game of investment/rewards. You commit (‘lock’) your NFTs into a platform or protocol for a set period, and you receive rewards (or other benefits) in exchange for such a commitment. 

Staking addresses one NFT’s inherent issue: liquidity. Remember, NFTs are tokenized assets that you can sell, trade, or, as we see in this article, stake for a yield. Staking enables earning passive income off your NFT portfolio while retaining ownership.

Fungible vs non-fungible: an explanation

For a long time, the concepts of fungibility and non-fungibility had been well outside the layman’s lexicon. But once NFTs entered public discourse, people began to learn more about what these concepts mean.

In short, fungibility means the possibility of using goods, items, or commodities interchangeably because they have the same value. Banknotes or coins, pieces of the same fruit, or a liter of petrol are good examples of fungibility.

Non-fungibility denotes uniqueness. Collectible items, including original oil paintings, baseball cards, art pieces, diamonds, and vintage cars can be considered non-fungible.

It is the latter concept that emerges as most interesting, as non-fungibility carries value, and it is a value that NFT staking unlocks.

Image: R2-rewards.com NFT staking: how it works

Unlocking the value of your NFTs through staking is easier than you think. All you need is a crypto wallet and, well, NFTs. The more the better. Then, choose a protocol or a platform to stake your NFTs in, and wait for the rewards, which might be distributed daily, weekly, or in any other fashion. It really is that simple.

NFT staking is akin to yield farming, insofar as you lock a certain amount of wealth (NFTs in this case) and receive a certain percentage of rewards based on the amount staked, the period of time that the NFTS will be locked, and other parameters.

All about staking rewards

When you invest in traditional financial products (bonds, stocks, mutual funds, etc.), you expect your investment to produce a certain yield. Equally, the ultimate purpose of staking your NFTs is to get a return – a reward.

But this raises several questions: what kind of rewards do you get? And who issues those rewards?

If you purchase an investment bond, your reward at the end of the investment term will usually be money, a certain percentage based on the bond’s performance, length of investment, etc. The staking rewards system works similarly. You lock your stake in for a certain amount of time and you get rewards. Some platforms might offer a fixed amount, while others might give users different amounts, depending on how many people are participating, and the total size of the rewards pool.

And who pays these rewards? Well, the platform or protocol where you stake your NFTs. Normally, an algorithm would calculate the due rewards based on specified parameters, and the rewards would be deposited into your account at the agreed intervals. Now, what these rewards are, depends on the protocol or platform. Sometimes, you get the platform’s native tokens, other times you get tokens that you can exchange for fiat, and certain protocols issue tokens that can only be used within their own environment (a gaming platform, for example). Always check the terms and conditions when you sign up so you know exactly what rewards you will get, and how often.

Risk versus Reward

As with most financial endeavors, returns are never guaranteed and are not entirely without risk. If you put up collateral it means you risk losing that. In the case of a staking system, there are often 2 things to keep in mind. First of all, in most staking systems you will need to purchase a staking key to get started. Buying the key can be seen as an entrance fee to the platform and there are often a variety of keys, ranging from cheap and small ones to big and expensive keys. Of course, you hope to earn your investment into the key back but this is never guaranteed.

Another risk is that the staking platform can be hacked and you may lose your NFTs since they’re not in your custody anymore. While the right permissions setup (along with responsible project owners) can drastically reduce this risk, hacks are and will always be a risk for platforms holding considerable amounts of value.

Conclusion

NFT staking is a subset of the broader decentralized finance (DeFi) ecosystem. It is a relatively new practice in the space, but there already are several NFT management companies that offer staking services, including Zaisan, which launched a staking platform in collaboration with R2. While there is an inherent risk to using and creating a staking platform, this risk can be minimised by choosing the right partners and using secure setups.

All in all, staking is just another cool utility of NFTs, which are proving to be rather versatile assets that break new ground almost every day.

The post What is NFT Staking? appeared first on Zaisan.

Friday, 31. May 2024

bankless

ROLLUP: ETH Price Target | ETF Launch Date | Celebcoin Drama | Major New L2s

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/8?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E  ------ Bankless Friday Weekly Rollup  Last Week of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPT

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/8?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ Bankless Friday Weekly Rollup  Last Week of May

------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/ 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum

🌐 CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS & RESOURCES 00:00:00 Injury Updates

00:05:16 Markets https://pro.kraken.com/app/trade/btc-usd  https://pro.kraken.com/app/trade/eth-usd 

00:07:22 ETF Update https://x.com/tier10k/status/1793758369804886200?s=46&t=LKBC7Qtm18FnZ380xCF2pA 

00:09:08 When Will ETFs Launch? https://x.com/EricBalchunas/status/1795934675380109479  https://x.com/NateGeraci/status/1795255561753424157  https://x.com/JSeyff/status/1795933440090452413 

00:11:09 ETH Price Impact https://imgur.com/a/rkIfckX  https://www.theblock.co/post/296237/qcp-capital-predicts-spot-ethereum-etf-approvals-could-drive-prices-higher  https://www.grayscale.com/research/reports/the-state-of-ethereum  https://thedefireport.io/research/the-turning-point#a-simple-framework-to-think-about-p  https://x.com/ZachLight16/status/1794778924381082003 

00:19:31 The ETH Narrative https://x.com/TrustlessState/status/1795595286972383494  https://youtu.be/vo2PjvZHIR4?si=ICEq25ulL4iaguOg&t=140  https://youtu.be/rlZo7x2ABHw?si=K6WKpHGP-4_L1k5w&t=50  https://x.com/jdorman81/status/1792927796353814640 

00:30:26 David's Challenge

00:34:47 The Saylor Pivot https://x.com/JasonYanowitz/status/1793627497398948193  https://x.com/BeagleBitcoin/status/1794443617399885986  https://x.com/nic__carter/status/1792706827748294947 https://x.com/sassal0x/status/1794603287431528522

00:41:05 Presidential Pivot https://x.com/yugacohler/status/1794540212254589369  https://twitter.com/BitcoinMagazine/status/1794535395176366260?t=zcNFn9egY0fRCpxYNRu7sQ&s=19  https://www.theblock.co/post/297504/biden-campaign-shifts-crypto-stance-engages-crypto-industry-presidential-elections-2024?utm_source=twitter&utm_medium=social 

00:47:21 Celeb Coins https://x.com/Caitlyn_Jenner/status/1794886435985846680  https://www.coingecko.com/en/coins/caitlyn-jenner  https://x.com/Caitlyn_Jenner/status/1795269306693075404  https://x.com/Caitlyn_Jenner/status/1795277298490605934  https://x.com/Caitlyn_Jenner/status/1795973191325585733  https://x.com/coffeebreak_YT/status/1795948137397338120  https://x.com/waleswoosh/status/1795046157674045567 

00:57:09 L2 Update https://l2beat.com/scaling/summary  https://x.com/jessepollak/status/1795572376555712551  https://x.com/0xDesigner/status/1794040845642957102 

00:59:57 ENS L2 https://x.com/ensdomains/status/1795440186513576318 

01:01:33 Taiko Mainnet https://x.com/taikoxyz/status/1795078728768483464 

01:03:14 Solana Updates https://forum.solana.com/t/proposal-for-enabling-the-reward-full-priority-fee-to-validator-on-solana-mainnet-beta/1456/97 

01:05:52 ETH vs SOL Debate

01:06:32 Gary Takes Another L  https://x.com/iampaulgrewal/status/1795511035870285827 

01:08:20 Gemini Earn Updates https://x.com/Gemini/status/1795819898049884468  https://x.com/JSeyff/status/1795928574878245126 

01:10:18 Railgun Volume Record https://thedefiant.io/news/regulation/railgun-privacy-protocol-surpasses-usd1b-in-volume-amid-crackdown-on-crypto-mixers 

01:13:29 Warpcast Bankless Frame https://warpcast.com/bankless/0xca3e17df?utm_source=Socials&utm_medium=Farcaster&utm_campaign=warpcastclaimables 

01:14:47 Meme of The Week https://x.com/eawosikaa/status/1795659750702719348 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Thursday, 30. May 2024

Epicenter Podcast

PsyDAO: Decentralising Psychedelic Research - Dima Buterin & Paul Kohlhaas

One could argue that psychedelic research has experienced a similar journey as crypto, in the sense that decentralised communities bound together to fund research where centralised entities refuse to do so. One of the greatest hurdles in modern science is access to research funding, and DeSci aims to provide a solution through decentralised crowdfunding. In addition, IP rights are incontestably at

One could argue that psychedelic research has experienced a similar journey as crypto, in the sense that decentralised communities bound together to fund research where centralised entities refuse to do so. One of the greatest hurdles in modern science is access to research funding, and DeSci aims to provide a solution through decentralised crowdfunding. In addition, IP rights are incontestably attributed with the help of blockchain technology, as they cannot be altered at a later date. However, as the human mind is unique and moulded by each individual’s life story, establishing a causal relationship between consumption and their beneficial or detrimental effects can be extremely biased.

We were joined by Dima Buterin & Paul Kohlhaas, to discuss the vast subject of psychedelics (especially in relationship to trauma), how research has progressed and how decentralisation pushes the field forward (DeSci).

Topics covered in this episode:

Dima’s & Paul’s backgrounds Discovering psychedelics Dealing with trauma Psychedelics throughout history and societies How Molecule DAO was founded DeSci & on-chain IP Ethereum early days, causality & rationality PsyDAO Network states Misc

Episode links:

Dima Buterin on Twitter Paul Kohlhaas on Twitter Molecule DAO on Twitter Psy DAO on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Brian Fabian Crain.


Circle Press

Chainlink & Circle Expand Enterprise & Developer DeFi Engagement

Chainlink and Circle are collaborating to expand developer usage of USDC and EURC with the Chainlink platform’s industry-standard services for tokenized assets and Circle’s developer platform

Chainlink and Circle are collaborating to expand developer usage of USDC and EURC with the Chainlink platform’s industry-standard services for tokenized assets and Circle’s developer platform


Brave Browser

Brave launches Search Ads in key markets, after successful test phase with leading brands

After nearly 18 months of testing with initial partners, Brave Search Ads are now available as part of Brave's innovative privacy-preserving ad platform.

After nearly 18 months of testing and feedback from initial partners, Brave Search Ads have exited their beta phase and are now available in major markets as part of Brave’s innovative privacy-preserving ad platform. Leading brands such as Amazon Ads Sponsored Products, Dell, Fubo, Insurify, Shutterstock, and Thumbtack are using Brave Search Ads as part of their performance marketing strategies.

As of April 2024, a third of the top search advertisers in the US by media spend are either currently testing or have moved to paid Brave Search Ads campaigns. Since the beginning of the year, 89% of customers who started Brave Search Ads campaigns have continued to advertise in consecutive months.

Brave Search is available globally to all desktop and mobile users at search.brave.com, and is also the default search engine in the Brave browser, which has over 65 million monthly active users. It’s the fastest growing search engine since Bing, with over 10 billion annual queries. For advertisers, Brave Search Ads are a vital new channel to augment their existing strategy, helping them reach highly qualified—but otherwise unreachable—audiences.

An example of an ad on Brave Search

I’m grateful to our partners for their contributions to the development of Brave Search Ads. With their insight, we’ve built a highly effective ad platform that, with time and continued support from global advertisers, has the power to challenge Google’s monopoly on search advertising. We’re excited to be expanding our offering to even more of the world’s leading brands, and encourage industry leaders to try Brave Search Ads for free before committing any paid spend.

— Jean-Paul Schmetz, Head of Search Ads, Brave

Building a better user-first search experience

Brave Search is attracting users who have become dissatisfied with the quality of search results from Google and Bing, as well as those concerned with the invasive collection and use of data by Big Tech. Brave Search offers an alternative to Google’s share of the global search market, which has led them to prioritize revenue generation at the expense of user experience and privacy.

Brave offers a fresh perspective by putting users first and maintaining an independent search index—the only one in the Western Hemisphere apart from Google and Bing. In addition to leading privacy and a streamlined user interface, Brave Search offers powerful features to enhance and customize productivity. These features include Code LLM, for code-related queries; Goggles, which allows users to create their own result filters; and, most recently, an AI-powered integrated answer engine that generates detailed and near instant results with cited sources.

Search Ads are available risk-free for brands in major western markets

Brave Search Ads are now available to brands in the U.S., Canada, the United Kingdom, France, and Germany on a managed service basis. To qualify for advertising, prospective customers must meet a minimum threshold of eligible ad impressions in their desired region. Typically, brands that satisfy this requirement possess robust paid search (SEM/PPC) operations and view Brave Search Ads as a vital component of their continuous performance marketing strategy.

Brave offers up to 14 days of complimentary advertising on Brave Search for eligible brands, enabling them to properly evaluate the Return On Ad Spend (ROAS) before initiating paid campaigns. Ads are sold on a cost-per-click basis, with the rate negotiated on a fixed basis prior to the launch of paid campaigns. Brands can verify their eligibility at https://ads.brave.com/register/search or contact adsales@brave.com to discuss search ads.

Wednesday, 29. May 2024

Circle Press

Circle Launches in Brazil to Catalyze Digital Dollar Access

Partnering with local fintech leaders to enable low-cost and streamlined access to USDC 

Partnering with local fintech leaders to enable low-cost and streamlined access to USDC 


Nym - Medium

Incentivizing privacy, not surveillance: Nym nodes approve min. profit margin

The Nym network matures with a successful first community governance vote The Nym nodes have spoken: they want a minimum profit margin (PM) vis-à-vis network stakers. Languages: 中文 // Türkçe // Française // Bahasa Indonesia // 日本 This is the first vote by a community that is co-creating a novel digital market which incentivizes privacy rather than surveillance. And it marks a new leve
The Nym network matures with a successful first community governance vote

The Nym nodes have spoken: they want a minimum profit margin (PM) vis-à-vis network stakers.

Languages: 中文 // Türkçe // Française // Bahasa Indonesia // 日本

This is the first vote by a community that is co-creating a novel digital market which incentivizes privacy rather than surveillance. And it marks a new level of maturity for the Nym network as it graduates from its R&D phase to a fully fledged commercial platform. Strong privacy protections will soon be offered as a service thanks to collective decision making by the network itself.

Nym nodes are global operators who provide an increasingly valuable service: privacy. In fact, they are powering what might be the most advanced privacy platform for internet traffic today: a noise generating mixnet (NGM). By mixing your traffic with other people’s, delaying packet transmission, and adding cover traffic (noise), decentralized Nym nodes make you virtually impossible to trace. Unlike all other VPNs on the market, this protects both the content of your traffic as well as your metadata and patterns of communication from surveillance.

But Nym nodes are not just service providers: they are also a growing community of operators. And in their first act of community governance, the Nym nodes unanimously declared their support of a minimum PM for their work, with 88% voting in favor. A second vote is currently underway to determine the exact percentage, which will be ratified by the Nym node community.

So how did this vote come about and what it will mean for Nym nodes, present and to come?

First Nym Node Town Hall

Recently the Nym core team and operator community held a first Nym Node Town Hall to discuss some major updates and improvements to the Nym node reward scheme. The improved scheme will include gateway nodes in the reward set. The operator community is now peer-reviewing the proposal before implementation.

The Town Hall also marked the launch of the Nym forum as a new governance platform. Through the forum, the community is now voting on community initiatives, and operators can vote on network changes. This marks the first step in Nym’s community governance roadmap. Stayed tuned for details on the new rewards system and governance procedures.

But now, time to note something special: the first roadmark on node governance has just been reached! A multi-stage vote between node operators and the Nym Squad Wealth Fund (SWF) stewards is happening on the enactment of a minimum PM for Nym node operators. While this is just the beginning of Nym community governance, here’s why it is such an important move for the health of the network and community.

Understanding a minimum PM for Nym nodes

Like blockchains which incentivize transaction verifications, or proof-of-work, Nym nodes can earn revenue by routing and mixing user traffic through the Nym mixnet, effectively mixmining.

Nym nodes are rewarded from a mixmining pool based on their performance and stake. The rewards cover, first, an operator’s operational cost, then the operator gets a profit margin and finally, the remaining rewards are shared with people who have staked on their node. In short: the profit margin (PM) is the operator’s revenue after their costs have been covered, with the remaining rewards going to their stakers.

Besides being a main source of revenue, PM is also how node operators compete with one another to attract delegations from the community. Nodes with lower PMs are thus more attractive to delegators because they offer a higher delegator annual percentage yield (APY). Left unchecked, this competition can lead to a race to the bottom in which node operators cannot remain competitive by setting a PM that yields adequate operator rewards.

In this scenario, everyone loses: the Nym network, no less than its users. Low profits encourage cost savings, which then lead to cutting corners, worsening the quality of service for the entire network. We saw glimpses of this last year when a growing number of nodes set 0% PMs to attract delegations. A network-wide minimum PM can thus be an effective solution to protect the network, its users, and its operators from this dynamic.

A minimum PM ultimately ensures a minimal and acceptable income for all nodes. This can improve the prospect of operating Nym nodes and support the operator community for their crucial work. As a network-wide rule, it favors those who invest work and time in operating the core infrastructure over those who passively stake by delegating.

A minimum PM can also ensure that node operators have more robust advantages and financial incentives to perform well. Economically speaking, this mechanism helps sustain a kind of nodal “middle-class,” ensuring that the overall network is both extensively decentralized, economically sustainable for operators and performative for users.

Leadup to the minimum PM vote

Discussions about a minimum PM for Nym nodes began last year when Wunderbaer, a node operator and former Delegations Program mentor, raised the idea to the Nym core team. A Telegram vote followed which indicated generally favorability for the idea among the community.

It was then discovered that some operators were setting low PMs (some at 1% or even 0%) and operator costs to attract stake, and then radically elevating operator costs shortly after. This forced other nodes to follow suit, raising the possibility of a race to the bottom among node operators.

In response, the Nym core team set minimum and maximum values on PM as well as operator cost as a soft-nudge in the wallet interface (PM min. 4% and a max. 80%, and operator costs at 40 NYM and 2000 NYM). This sparked disagreement from operators, with some wanting the min PM hardcoded on-chain, while others expressed disagreement about a min PM overall.

This now went for vote and a minimum PM for node operators on-chain has now passed the first stage of communal governance. The “yes/no” vote by Nym node operators was conducted between 16–22 May 2024 with a min. 50% quorum. The result was the overwhelming community vote in favor of a minimum PM for node operators (with 88% voting yes).

Second step of the minimum PM vote

Setting a minimum PM primarily affects the ratio of rewards between operators and stakers (people who delegate stake on nodes and earn a share of their rewards). Ultimately, imposing a minimum PM will reduce the annual percentage yield (APY) for delegating stake and thus affect the Nym community as a whole.

The Nym community has a treasury called the Squad Wealth Fund (SWF). This fund is replenished through the staking rewards accrued from the Nym Delegations Program which stakes on high performing nodes. Just like all other delegations, setting a minimum PM will therefore impact the revenue of the SWF as well. The higher the minimum PM, the more drastic the impact: if a minimum PM of 50% is imposed, SWF revenue will drop by half.

This graph illustrates the impact of a minimum PM. The first bar shows SWF revenues and the share of rewards that operators received after the first quarter of the Nym Squad League (NSL). At the time, the Nym Treasury had delegated 32m NYM, which accrued 457k NYM in staking rewards. With an average profit margin of 7%, this resulted in only 34k NYM in total operator rewards being shared among the 120 participating nodes. The following two simulated scenarios show the share of the same total rewards but with a 20% and 30% minimum PM respectively.

In relative terms, this would have a greater positive effect on operator rewards (boosting their totals by roughly 200% and 300% respectively) than the negative effect on SWF revenues (which would drop by 14% and 25% respectively). However, in absolute terms the impact on SWF revenues is still significant as the Fund is the main source of funding for community contributions, including localizing content, decentralized moderation of Nym channels all around the world, building tooling, and much more.

For this reason, the community stewards of the SWF, namely Nymja and Shinobi-level community members, will now propose a ceiling for how large the minimum PM can be. Options on the table for minimum PM are: 5%, 10%, 15%, 20%, 25%, and 30%. Once the stewards of the fund decide on the scope of the minimum PM, it will be presented once again to the Nym node operator community for a final vote, determining the minimum PM every node must set.

Voting by Nymjas and Shinobis is open as of today, 29 May 2024.

What’s next for Nym community governance?

It’s an exciting time for the Nym community. This is just the first step in an emerging process of communal governance by stakeholders in the Nym economy. Stay tuned for the results of the very first Nym core community governance initiative, and more details on the core governance system. In the meantime, join the conversation on the Nym forum, ask questions, and consider the advantages of becoming a Nym node operator.

Resources Nym Operator Guide Nym operator channel (Element) Nym forum Join the Nym Community

Discord // Telegram // Element // Twitter

Privacy loves company

English // 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française // Español // Português // 한국인

Incentivizing privacy, not surveillance: Nym nodes approve min. profit margin was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.

Tuesday, 28. May 2024

RadicalxChange(s)

Frank H. McCourt Jr.: Founder of Project Liberty (Part I)

Today, in Part I of a two-episode conversation, Matt Prewitt is joined by civic entrepreneur and Founder of Project Liberty, Frank H. McCourt, Jr., who is on a mission to reclaim the internet and prioritize human rights in our digital landscape. Drawing parallels between the early public oversight of television and the current state of the internet, Frank highlights the commodification of our data

Today, in Part I of a two-episode conversation, Matt Prewitt is joined by civic entrepreneur and Founder of Project Liberty, Frank H. McCourt, Jr., who is on a mission to reclaim the internet and prioritize human rights in our digital landscape. Drawing parallels between the early public oversight of television and the current state of the internet, Frank highlights the commodification of our data and identities online. He advocates for new protocols and a movement inspired by historical fights against oppression to secure genuine data rights and agency online. As we look to the future, Project Liberty's endeavors may play a crucial role. This interview is a fantastic opportunity to hear more about Frank's thinking.

Links & References: 

References:

Our Biggest Fight: Reclaiming Liberty, Humanity, and Dignity in the Digital Age by Frank H. McCourt, Jr. with Michael J. Casey Tim Berners-Lee - Wikipedia FACT SHEET: CHIPS and Science Act Will Lower Costs, Create Jobs, Strengthen Supply Chains, and Counter China | The White House Mythbusting: The Facts On Reports About Our Data Collection Practices | TikTok Newsroom Sesame Workshop - Wikipedia GDPR The Digital Markets Act: ensuring fair and open digital markets - European Commission The EU’s Digital Services Act TCP/IP | Internet protocol suite - Wikipedia HTTP - Wikipedia Distributed Social Networking Protocol - Wikipedia Technology | Project Liberty Common Sense - Wikipedia

Bios:

Frank H. McCourt, Jr. is a civic entrepreneur and the executive chairman and former CEO of McCourt Global, a private family company committed to building a better future through its work across the real estate, sports, technology, media, and capital investment industries, as well as its significant philanthropic activities. Frank is proud to extend his family’s 130-year legacy of merging community and social impact with financial results, an approach that started when the original McCourt Company was launched in Boston in 1893.

He is a passionate supporter of multiple academic, civic, and cultural institutions and initiatives. He is the founder and executive chairman of Project Liberty, a far-reaching, $500 million initiative to transform the internet through a new, equitable technology infrastructure and rebuild social media in a way that enables users to own and control their personal data. The project includes the development of a groundbreaking, open-source internet protocol called the Decentralized Social Networking Protocol (DSNP), which will be owned by the public to serve as a new web infrastructure. It also includes the creation of Project Liberty’s Institute (formerly The McCourt Institute,) launched with founding partners Georgetown University in Washington, D.C., Stanford University in Palo Alto, CA, and Sciences Po in Paris, to advance research, bring together technologists and social scientists, and develop a governance model for the internet’s next era.

Frank has served on Georgetown University’s Board of Directors for many years and, in 2013, made a $100 million founding investment to create Georgetown University’s McCourt School of Public Policy. He expanded on this in 2021 with a $100 million investment to catalyze an inclusive pipeline of public policy leaders and put the school on a path to becoming tuition-free.

In 2024, Frank released his first book, OUR BIGGEST FIGHT: Reclaiming Liberty, Humanity, and Dignity in the Digital Age.

Frank’s Social Links:

Project Liberty Project Liberty (@pro_jectliberty) / X Project Liberty (@pro_jectliberty) • Instagram McCourt Institute (@McCourtInst) / X

Matt Prewitt (he/him) is a lawyer, technologist, and writer. He is the President of the RadicalxChange Foundation.

Matt’s Social Links:

ᴍᴀᴛᴛ ᴘʀᴇᴡɪᴛᴛ (@m_t_prewitt) / X

Connect with RadicalxChange Foundation:

RadicalxChange Website @RadxChange | Twitter RxC | YouTube RxC | Instagram RxC | LinkedIn Join the conversation on Discord.

Credits:

Produced by G. Angela Corpus. Co-Produced, Edited, Narrated, and Audio Engineered by Aaron Benavides. Executive Produced by G. Angela Corpus and Matt Prewitt. Intro/Outro music by MagnusMoone, “Wind in the Willows,” is licensed under an Attribution-NonCommercial-ShareAlike 3.0 International License (CC BY-NC-SA 3.0)


bankless

In This Economy? How Money & Markets Really Work | Kyla Scanlon

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/7?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E  ------ Is it all vibes? Always has been. Kyla Scanlon is a writer, podcaster, analyst, founder of financial education company Bread, and an all around brilliant explainer of things hard to explain. Expect to learn why econom

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/7?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ Is it all vibes? Always has been.

Kyla Scanlon is a writer, podcaster, analyst, founder of financial education company Bread, and an all around brilliant explainer of things hard to explain.

Expect to learn why economies are vibe reflectors, Kyla’s “economic kingdom” model and an overview on the current state of economic affairs.

Financial literacy is a superpower and Kyla managed to compress this topic that people have been trying to figure out for ages in an easy to understand economics toolbox. 

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

------ TIMESTAMPS

0:00 Intro 6:55 The Vibes Economy 12:10 Understanding Money & Finance 17:04 The Economic Kingdom 20:37 The Monetary Castle 28:35 The Fiscal Castle 37:47 Vibes are the Economy 56:23 The Deciders 1:00:55 Housing Market 1:06:58 The Labor Market 1:13:35 Wealth Inequality 1:19:12 Energy 1:23:01 The Economics Toolbox 1:28:03 What’s Next for Kyla 1:33:03 Closing & Disclaimers

------ RESOURCES

Kyla Scanlon on X https://x.com/kylascan  

Kyla Scanlon Website https://kylascanlon.com/  

Order “In this Economy?” Now https://www.penguinrandomhouse.com/books/737854/in-this-economy-by-kyla-scanlon/  

Kyla’s “AI Can't Plant Corn (Yet)” https://kyla.substack.com/p/ai-cant-plant-corn-yet  

WSJ “How Gen Z Is Becoming the Toolbelt Generation” https://www.wsj.com/lifestyle/careers/gen-z-trades-jobs-plumbing-welding-a76b5e43  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠  


Zaisan

How to Build an NFT Community

NFT Community management can help ensure the smooth operation of non-fungible token (NFT) communities and their future development in Web3. The idea is to keep track of community events and developments while keeping the community organised and cohesive toward the project goal. Community management can help to resolve disputes and to show empathy to digital […] The post How to Build an NFT Commu

NFT Community management can help ensure the smooth operation of non-fungible token (NFT) communities and their future development in Web3. The idea is to keep track of community events and developments while keeping the community organised and cohesive toward the project goal. Community management can help to resolve disputes and to show empathy to digital asset owners. Nevertheless, NFT holders are, in essence, shareholders of the project. NFT community management is becoming increasingly more important as Web3 communities grow, and with a strong community, anything is possible.

Quick refresh: what is an NFT (community)?

The management of NFT communities is a critical but often overlooked aspect of developing and deploying these digital assets. NFTs are unique tokens on a blockchain that can represent ownership of digital or physical assets. In contrast to fungible tokens, which are interchangeable and can be divided into smaller units, NFTs are non-divisible. Due to their rarity or uniqueness, they are ideal for representing items like art, collectibles, or in-game items with monetary value.

NFT communities are flourishing online spaces where people with a shared interest in NFTs can connect with one another. As the popularity of NFTs continue to grow, as does the number of people flocking to these communities in search of information, advice, and support.

Why NFT community management is essential

With a wide range of people with different levels of knowledge and expertise, NFT community management can be a challenge. It is important to strike a balance between providing content that is both informative and accessible to all while avoiding overwhelming newcomers with too much information.

While the technical aspects of creating and deploying NFTs are essential, it is equally important to have a well-managed community around the project. This is because NFTs are often bought and sold in online communities. The success of an NFT project depends on the strength of these communities. For example, an NFT gaming organisation needs players to enjoy the game enough to transact in-game assets with one another.

A good NFT community will contain a variety of content that covers the basics of what NFTs are and how they work. Additionally, it includes more in-depth articles and discussions for those with a more advanced understanding. It is also essential to have a protocol for moderating content and managing users to keep the community respectful and welcoming to all. One way is by establishing rules and best practices written on communication channels or creating a tutorial page for newcomers.

With the right mix of content and community management, NFT communities can be a valuable resource for anyone interested in this exciting technology. It can be a fun entry point to the Web3 world!

3 Tips to create a strong foundation for your NFT Community

There are a few things that project owners should keep in mind when managing their NFT communities.

1. Constantly remind people of your vision

Have a clear vision and communicate constantly with your members. This way, you can keep everyone on the same page and working towards the same goals. Let’s take, for example, an NFT online chess game that allows users to interact with in-game assets and transact them. This creates a Play-to-Earn (P2E) model. The NFT game envisions creating a community where chess players can enjoy the game while earning rewards in the form of digital assets, NFTs and cryptocurrency. It is therefore necessary for a weekly content plan to include benefits and positive facts about NFT online chess, to create rapport and build trust in the project as more players join.

2. Active moderation is key

The project ambassadors should be active in the community and should engage with community members regularly. This is essentially getting more experienced people in the community to become a moderator. They should be the ones who are zealously advocating for the project. However, a community manager is needed to push content forward and stay attentive to the market needs.

3. Get people involved in decision-making

Finally, it is vital to have a community-centred approach to decision-making. This means that the community should be involved in decisions about the project, such as what features to add or what direction to take the project in. This will lead the project to a democratic system. The funds spent on NFTs are being directed to the project development from a shared decision-making perspective. In practice, this can be done through a voting system or members’ livestream meetings with the project owner.

The post How to Build an NFT Community appeared first on Zaisan.

Monday, 27. May 2024

Zcash Foundation

Opening Nominations for the Zcash Community Grants Committee

The Zcash Community Grants (ZCG) program funds independent teams to perform major ongoing development (or other work) that benefits the Zcash ecosystem. Grants are chosen by a five-person committee whose members are elected by the Zcash Community Advisory Panel (ZCAP). Two of the current committee members’ terms are expiring at the end of June (Wobbzz […] The post Opening Nominations for the Zca

The Zcash Community Grants (ZCG) program funds independent teams to perform major ongoing development (or other work) that benefits the Zcash ecosystem. Grants are chosen by a five-person committee whose members are elected by the Zcash Community Advisory Panel (ZCAP).

Two of the current committee members’ terms are expiring at the end of June (Wobbzz and GGuy). Therefore, we are inviting nominations for an election to be held in June.

How to Stand for Election to the Zcash Community Grants (ZCG) Committee

Anyone can stand for election to the ZCG committee. Existing members may stand for re-election, and there are no term limits.

Candidates should submit a forum post (ideally five paragraphs or less) in the ZCG Elections category of the Zcash Community Forum, announcing their candidacy, and outlining why they believe they should be elected to the ZCG Committee. Community members will have an opportunity to ask candidates questions directly by replying to their individual posts.

The deadline for nominations is 09:00 UTC on Monday 10th June 2024. 

We cannot prevent anyone from talking about their candidacy in other media, but we encourage candidates to use the forum threads as their primary method of “campaigning.” Doing so will make it easier for Zcash community members to interact with and assess candidates.

In mid-June the Zcash Foundation will host a community call, during which the candidates will have an opportunity to introduce themselves, and answer questions from the Zcash community.

After the community call, ZF will open a Helios poll of ZCAP to select two candidates to join the ZCG Committee. The poll will close at 09:00 UTC on 1st July 2024. As with previous polls, the election will be decided by approval voting. The two candidates with the most approval votes will become the new ZCG Committee members. They will serve a one-year term, ending on 30th June 2025.

Prospective candidates should familiarize themselves with the Conflict of Interest policy (see below).

About the Zcash Community Grants Committee

The largest slice of the Zcash Dev Fund is earmarked for major grants “to fund independent teams entering the Zcash ecosystem, to perform major ongoing development work (or other word) for the public good of the Zcash ecosystem”. While the funds are administered and disbursed by the Zcash Foundation (ZF), applications for major grants are subject to approval by a five-seat Major Grant Review Committee, which is elected by the Zcash Community Advisory Panel (ZCAP).

The first Committee was elected in September 2020, and adopted the moniker Zcash Open Major Grants (ZOMG). The second Committee was elected in December 2021, and re-branded itself Zcash Community Grants (ZCG). 

The Committee is responsible for reviewing, assessing and approving or rejecting grant applications, in accordance with the strictures and guidelines set forth in ZIP 1014. Currently, formal Committee meetings are held every two weeks, and the Committee meets informally for brainstorming sessions on a weekly basis.

Committee members receive a stipend of $1,725 per calendar month (paid as shielded ZEC).

Conflict of Interest Policy

As a 501(c)(3) non-profit, the Zcash Foundation is subject to rules regarding private benefit and inurement, and is obligated to have an appropriate policy and processes in place to ensure that actual and potential conflicts of interest are disclosed and managed appropriately, in order to avoid the appearance or actuality of private benefit to individuals who are in a position of substantial authority..

Before taking their seat on ZCG Committee, newly-elected Committee members are required to undergo the ZF’s KYC process, complete a conflict of interest questionnaire, and sign an independent contractor agreement with ZF (to ensure that their status and relationship with ZF is clearly-defined). Additionally, serving ZCG Committee members are required to notify ZF of any new actual or potential conflicts of interest that develop or emerge during their tenure. 

The following policies also apply in relation to ZCG Committee members and entities in which a serving ZCG Committee member is an officer or director or otherwise has a financial interest:

Serving ZCG Committee members, and entities in which a serving ZCG Committee member is an officer or director or otherwise has a financial interest, are ineligible to submit a new grant application to ZCG. A person who has submitted a grant application (or who is an officer or director or otherwise has a financial interest in an entity that has submitted a grant application) on which the ZCG Committee has not yet rendered a decision is ineligible to serve as a ZCG Committee member (unless the grant application is withdrawn). A person who is a current grant recipient (or a person who is an officer or director or otherwise has a financial interest in an entity that is a current grant recipient) is eligible to serve on the ZCG Committee so long as the decision to accept their grant application was made before they began serving as a member of the ZCG Committee. Milestone payout decisions that relate to a serving ZCG Committee member’s grant (or a grant awarded to an entity in which a serving ZCG Committee member has a financial interest) will be taken by the executive director or other officer of ZF. Before taking their seat on ZCG Committee, newly-elected Committee members will be required to undergo the ZF’s KYC process, complete a conflict of interest questionnaire, and sign an independent contractor agreement with ZF (to ensure that their status and relationship with ZF is clearly-defined). Additionally, serving ZCG Committee members are required to notify ZF of any new conflicts of interest that develop or emerge during their tenure.

If prospective candidates have any questions about the role, they should post them to this topic on the Zcash Community Forums.

The post Opening Nominations for the Zcash Community Grants Committee appeared first on Zcash Foundation.


bankless

Stablecoins and National Security | Former CFTC Chair Timothy Massad

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/6    ------ 🎬 DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-timothy-massad-interview    ------ Are stablecoins a threat to national security? How should the US government step in?   We brought Timothy Massad, the

✨ Mint the episode on Zora ✨

https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/6 

 

------

🎬 DEBRIEF | Ryan & David unpacking the episode:

https://www.bankless.com/debrief-the-timothy-massad-interview 

 

------

Are stablecoins a threat to national security? How should the US government step in?

 

We brought Timothy Massad, the perfect guest to help us answer these hard questions. He was the Obama appointed chair for the CFTC, the guy who helped designate Bitcoin as a commodity over 10 years ago.

 

We touch on:

- The importance of stablecoins.

- How stablecoins compare to eurodollars.

- Weather crypto and sanctions can co-exist.

- A sensible policy for stablecoins.

- And finally, his thoughts on what happens next.

 

Timothy brings a whole different perspective from what we’re used to in our crypto bubble. That’s exactly why you should tune into this episode.

 

------

📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24

https://bankless.cc/spotify-premium 

 

------

BANKLESS SPONSOR TOOLS:

 

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE

https://k.xyz/bankless-pod-q2  ⁠

 

🔗CELO | CEL2 COMING SOON

https://bankless.cc/Celo 

 

⚖️ARBITRUM | SCALING ETHEREUM

⁠https://bankless.cc/Arbitrum 

 

🛞MANTLE | MODULAR LAYER 2 NETWORK

https://bankless.cc/Mantle 

 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION

https://bankless.cc/toku 

 

🌐 CARTESI | APPLY FOR A GRANT

https://bankless.cc/CartesiGovernance 

 

------

TIMESTAMPS

 

0:00 Intro

6:34 Timothy’s Background

9:30 Security vs Commodity

12:46 Stablecoin First Impressions

21:42 The Importance of Stablecoins

28:26 History of the Eurodollar

38:46 Economic Sanctions

47:47 Stablecoins and Sanctions

1:08:59 A Stablecoin Future

1:13:37 A CBDC Future

1:18:49 What about Privacy?

1:20:58 The Role of the Dollar

1:23:18 Stablecoins Abroad

1:25:43 Predictions

1:28:10 Closing & Disclaimers

 

------

RESOURCES

 

Timothy Massad

https://x.com/timmassad 

 

Stablecoins and National Security by Timothy Massad

https://www.brookings.edu/articles/stablecoins-and-national-security-learning-the-lessons-of-eurodollars/ 

 

Five Perspectives on Stablecoins by Nic Carter

https://medium.com/@nic__carter/five-perspectives-on-stablecoins-5bc20076270a 

 

------

Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠  


a16z Podcast

The GenAI 100: The Apps that Stick

Consumer AI is moving fast, so who's leading the charge?  a16z Consumer Partners Olivia Moore and Bryan Kim discuss our GenAI 100 list and what it takes for an AI model to stand out and dominate the market. They discuss how these cutting-edge apps are connecting with their users and debate whether traditional strategies like paid acquisition and network effects are still effective. We're go

Consumer AI is moving fast, so who's leading the charge? 

a16z Consumer Partners Olivia Moore and Bryan Kim discuss our GenAI 100 list and what it takes for an AI model to stand out and dominate the market.

They discuss how these cutting-edge apps are connecting with their users and debate whether traditional strategies like paid acquisition and network effects are still effective. We're going beyond rankings to explore pivotal benchmarks like D7 retention and introduce metrics that define today's AI market.

Note: This episode was recorded prior to OpenAI's Spring update. Catch our latest insights in the previous episode to stay ahead!

 

Resources:

Link to the Gen AI 100: https://a16z.com/100-gen-ai-apps

Find Bryan on Twitter: https://twitter.com/kirbyman01

Find Olivia on Twitter: https://x.com/omooretweets

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Friday, 24. May 2024

Epicenter Podcast

Crypto ETFs: Trojan Horse or Big Win? - Austin Griffith, Mona El Isa, Peter Van Valkenburgh

The approval of Ethereum spot ETFs sent shockwaves through the industry as policymakers pivoted abruptly from threatening to veto FIT21 bill, to a pro-crypto discourse. One could say their hand was forced by the imminent US elections, but Ethereum is now officially classified as a commodity, nonetheless. As the regulatory hurdle seems, for the time being, surpassed, one should not forget the value

The approval of Ethereum spot ETFs sent shockwaves through the industry as policymakers pivoted abruptly from threatening to veto FIT21 bill, to a pro-crypto discourse. One could say their hand was forced by the imminent US elections, but Ethereum is now officially classified as a commodity, nonetheless. As the regulatory hurdle seems, for the time being, surpassed, one should not forget the values promoted by the crypto movement from the get-go: decentralisation and permissionlessness. However, everyday users tend to overlook these aspects in favour of a more streamlined user experience. As technology evolves and scaling solutions mature, better UI & UX represent crucial goals in the race for end user adoption.

Topics covered in this episode:

Crypto regulations: FIT21 & Tornado Cash trial Ethereum spot ETF Is Ethereum a commodity or a security? Scaling solutions & end user adoption The importance of decentralisation How Web3 lowers barriers of (permissionless) competition Regulatory and legal hurdles Educating ‘normies’ & UX Technology: depoliticising money Berlin blockchain week & Dappcon 2024 wrap-up

Episode links:

Austin Griffith on Twitter Mona El Isa on Twitter Peter Van Valkenburgh on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Friederike Ernst and Brian Fabian Crain.


bankless

Why the Ethereum ETF is Bullish $ETH | Matt Hougan of Bitwise

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/5  ------ Matt Hougan is the CIO at Bitwise, and has been one of the best people to talk to when it comes to understanding the ETF process, and the impact of ETFs on the crypto markets.  Today we dive into the specifics on what exactly the ETF approval means for ETH. ------ 📣S

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/5  ------ Matt Hougan is the CIO at Bitwise, and has been one of the best people to talk to when it comes to understanding the ETF process, and the impact of ETFs on the crypto markets. 

Today we dive into the specifics on what exactly the ETF approval means for ETH.

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🌐 CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS 00:00 Intro 05:46 What Exactly Happened? 08:45 Was This Really Political? 12:11 Who's Responsible For This 16:46 Next Steps For ETF 20:36 Matt's ETF Story 22:44 ETF Price Impact 27:38 ETF Inflow Predictions 34:50 Explaining The ETH Narrative 38:23 Matt's 2 Minute Pitch 45:12 How Bitwise's Job Changes 49:01 ETH Charts 54:31 Legislation

------ RESOURCES Matt on X: https://x.com/Matt_Hougan 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 


Zcash

A proposal for the next Zcash Dev Fund

Electric Coin Co. (ECC) has posted a ZIP for consideration in ongoing discussions about the Zcash Development Fund. Our CEO, Josh Swihart, published it today on the Zcash Community Forum, […] Source
Electric Coin Co. (ECC) has posted a ZIP for consideration in ongoing discussions about the Zcash Development Fund. Our CEO, Josh Swihart, published it today on the Zcash Community Forum, […]

Source


Circle Blog

State of the USDC Economy and the Future of Money

The rise of blockchain technology has fueled a convergence of money and the internet, rewiring the software used to move value globally. We’re building the largest and most widely used open money network in the world with USDC, and Circle executives recently hosted an Executive Insights discussion to review the state of the USDC economy.

The rise of blockchain technology has fueled a convergence of money and the internet, rewiring the software used to move value globally. We’re building the largest and most widely used open money network in the world with USDC, and Circle executives recently hosted an Executive Insights discussion to review the state of the USDC economy.


bankless

ROLLUP: ETH ETF Approved | Crypto Politics | Uniswap Wells Notice | Airdrop Reset?

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/4 ------ Bankless Friday Weekly Rollup  4th Week of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  🔗

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/4

------ Bankless Friday Weekly Rollup  4th Week of May

------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/ 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum   

🌐 CARTESI | LINUX-POWERED ROLLUPS https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS & RESOURCES

0:00 Intro

3:52 MARKET WatcherGuru/status/1792646445075431627 https://ycharts.com/companies/ETHE/discount_or_premium_to_nav  https://x.com/Timccopeland/status/1793653604387328381  https://x.com/bx1core/status/1792712990141338049  https://imgur.com/hbveuq5  https://x.com/pythianism/status/1793369623301403024  https://x.com/UncleRewards/status/1793623611405947147  https://imgur.com/uevxXfe  https://www.coinglass.com/bitcoin-etf 

18:54 How the odds of an ETH ETF approval suddenly swung in our favor  https://x.com/BanklessHQ/status/1791140496397468064  https://x.com/RyanSAdams/status/1791147869791002699   https://www.youtube.com/watch?v=bFEGCmHqBT4&t=898s  https://x.com/songadaymann/status/1792667124919599263  https://x.com/EricBalchunas/status/1792636523050906102  https://www.coindesk.com/policy/2024/05/20/ether-etfs-filing-process-sees-abrupt-progress-though-approval-not-guaranteed-sources/  https://x.com/JSeyff/status/1793039305125790105 

26:28 Letter Urging ETH ETF Approval from Congress - THIS MORNING https://x.com/EricBalchunas/status/1793620303966503267  https://x.com/CGasparino/status/1793268472484425865  https://x.com/nategeraci/status/1792993889189593502  https://x.com/JSeyff/status/1792650597377757456 

29:50 Promethum is launching its Ethereum custody  https://fortune.com/crypto/2024/05/20/controversial-digital-assets-firm-prometheum-launches-long-awaited-ether-custody-argues-that-existing-laws-work-for-crypto/  https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409274  https://x.com/RyanSAdams/status/1792907980624523549  https://x.com/jchervinsky/status/1793398130269954346 

32:16 FIT21 passes the House 279 - 136 🎉 https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409277  https://x.com/avichal/status/1793370415664148496  https://youtu.be/_QvOzpKX3I4?si=__6q_Ffl-PU7R4oe  https://x.com/BanklessHQ/status/1793291448965624088  https://pelosi.house.gov/news/press-releases/pelosi-statement-fit21-legislation  https://x.com/BanklessHQ/status/1793367943671402923  

43:12 Another win for crypto this week - “Choke Point Marty is done” https://x.com/nic__carter/status/1792569285799186641  https://x.com/twobitidiot/status/1793606319301447920   https://www.sec.gov/news/statement/gensler-21st-century-act-05222024  https://x.com/twobitidiot/status/1793399316012318821  https://x.com/zerohedge/status/1792659983370523096  https://x.com/nic__carter/status/1792660581272670650  https://x.com/meanwhilelife/status/1792936024244466174  Exhibit A: https://x.com/ewarren/status/1641138829162577928  Exhibit B: https://x.com/WatcherGuru/status/1793261382676119866  Exhibit C: https://x.com/BitcoinMagazine/status/1793025045310115910  Exhibit D: https://x.com/SMTuffy/status/1793604355591110692  Exhibit E:  https://x.com/SenLummis/status/1793654641974288558 

53:32 ETH ETF just reopened the window for protocol airdrops!  https://x.com/TrustlessState/status/1792958932228653249 

55:09 Yuga Labs ‘Punk World’  https://x.com/cryptopunksnfts/status/1792594316172341315  https://x.com/CryptoGarga/status/1792694910904136028 

56:46 We finally found out what was the Uniswap Wells notice about  https://x.com/Togbe0x/status/1792973545762595199  https://x.com/haydenzadams/status/1792973692223336615  https://www.coingecko.com/en/coins/uniswap  https://x.com/TrustlessState/status/1793650716080562382 

1:01:28 Binance executive denied bail in Nigeria amid $35 million money laundering trial  https://thenationonlineng.net/just-in-court-rejects-binance-officials-bail-request  https://x.com/RyanSAdams/status/1791466137793830974  Binance CEO Richard Teng in a blog post  https://www.binance.com/en/blog/leadership/from-richard-teng-binance-ceo-tigran-gambaryan-is  https://x.com/vibhu/status/1792419936725528816?s=46&t=LKBC7Qtm18FnZ380xCF2pA 

1:04:02 Bankless is launching 'Bankless Onchain' Phase II: Mint Our History https://www.bankless.com/bankless-onchain-phase-2 Mint Bankless Archive here: https://bankless.cc/OnchainArchive  Mint new episodes here: https://bankless.cc/onchain  

1:05:44 Raises and BVC Investments  Farcaster has raised $150M! At Valuation $1B https://danromero.org/farcaster-update/ 

1:06:30 MEME of the Week https://x.com/basedkarbon/status/1793435193274998945 

1:07:16 Moment of Zen  https://x.com/songadaymann/status/1793751482816176300 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 


ETH ETF Officially Approved! | James Seyffart

✨Mint the episode on Zora✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/3  The Ether spot ETF has officially been approved marking a landmark day for Ethereum and crypto as a whole. We're going live today to discuss the extent of this approval and what it means for Ether the asset, and more broadly the entire crypto industry. This is a big deal and we're stoke

✨Mint the episode on Zora✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/3 

The Ether spot ETF has officially been approved marking a landmark day for Ethereum and crypto as a whole. We're going live today to discuss the extent of this approval and what it means for Ether the asset, and more broadly the entire crypto industry. This is a big deal and we're stoked to be sharing this moment live with the Bankless Nation.

 

James on X: https://x.com/JSeyff 

------

📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24

https://bankless.cc/spotify-premium 

------

BANKLESS SPONSOR TOOLS:

 

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE

https://k.xyz/bankless-pod-q2  ⁠ 

 

🔗CELO | CEL2 COMING SOON

https://bankless.cc/Celo 

 

⚖️ARBITRUM | SCALING ETHEREUM

⁠https://bankless.cc/Arbitrum 

 

🛞MANTLE | MODULAR LAYER 2 NETWORK

https://bankless.cc/Mantle 

 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION

https://bankless.cc/toku 

 

🌐 CARTESI | APPLY FOR A GRANT

https://bankless.cc/CartesiGovernance 

 

------

TIMESTAMPS & RESOURCES

00:00 It Happened

05:09 ETF Approved!

07:24 Boom Approval Surprise

09:11 Why Did This Happen?

13:38 When Will The ETFs Go Live?

15:47 ETF Inflows

19:18 ETH Education Campaign

21:37 Staked ETF?

24:14 What Coin is Next?

 

------

Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠ 

Wednesday, 22. May 2024

Nym - Medium

Nym Delegations Program 2.0: Rolling registrations now open

The next generation of the Nym Delegations Program is here! A mixnet can only deliver advanced privacy for users if the nodes supporting it perform well. Languages: 中文 // Türkçe // Française // Bahasa Indonesia // 日本 The Nym Delegations Program was designed to incentivize node performance and to ensure that rewards flow back to its community service providers. Moreover, nodes sho
The next generation of the Nym Delegations Program is here!

A mixnet can only deliver advanced privacy for users if the nodes supporting it perform well.

Languages: 中文 // Türkçe // Française // Bahasa Indonesia // 日本

The Nym Delegations Program was designed to incentivize node performance and to ensure that rewards flow back to its community service providers. Moreover, nodes should ideally be geographically dispersed, which can be facilitated by token incentives for operators in underrepresented regions.

Reliable nodes with outstanding performance can receive delegations from the Nym treasury. This will help new nodes make it to the active set more often and turn a profit faster, while also providing network-wide incentives for geographical and VPS decentralization, quality of service, and fair node parameters.

Since its launch a year ago, the program has evolved. With the recent launch of the Squad Wealth Fund, it is now driving decentralization and funding for community contributions. The current delegation amount is 250k NYM per node, with a total of 32m NYM available from the Nym treasury for the Delegations Program.

As of today, the Delegations Program is open again for registration. The big change is that this application process will remain open with a rolling deadline. Below are all the details of the new system and the important changes you need to know about if you are a node operator, delegate, or looking to become one.

Registration

There are no more registration forms or deadlines. Registration will remain open continuously via the new custom-built interface (courtesy of Pawnflake and ExploreNym). Please register your node here.

Important: If your node already received delegations earlier, you need to re-register it before the 30th of May. Otherwise you will lose your delegations and have to rejoin the queue.

Queueing system

There is a limited number of nodes that the Delegations Program can support at any one same time. By registering your node, you add it to the queue. As soon as there is a free slot available, the queue will fill the vacancy automatically. There is no need to register again.

Queue priority

While the queue order is technically first-come, first-serve, nodes may be prioritized for specific reasons related to the needs of the overall network. This may include:

Nodes operated by squads or community contributors Nodes with exceptionally robust hardware specifications Nodes with favorable parameters Nodes located in countries with few other nodes Nodes for social good

In some cases, nodes might be deprioritized if they are:

Located in countries with many other nodes Running on common VPS providers

Keep in mind that these rules are not set in stone. Prioritization will evolve over time and will be informed by the needs of the community and the network on an ongoing basis. Nym is always eager to hear your feedback on the process, its community impact, and governance.

Criteria

You can access the most current criteria at any time on the registration page.

Nym delegation criteria Hardware specifications

Note that with the most recent binary release, the required minimum hardware specifications have changed. The new specs are:

CPU: 4 cores Memory: 4 GB Storage: 40 GB Connectivity: IPv4, IPv6, TCP/IP, UDP Bandwidth: 1 Tb Port speed: 1 Gbps

Important: All nodes now must meet these minimum specifications. If your node already received delegations but doesn’t meet these specs, make sure to address the issue before 30 May 2024, otherwise you may lose your delegations.

Changes in program-related comms

Updates related to the Delegations Program are relevant to the entire node operator community, and there is a lot to learn from the program mentors and its participants. We are thus sunsetting a private Matrix space reserved for Delegations Program participants: all program-related communications will be shared publicly on the Node Operators channel of the Nym Community Matrix server. This will include:

Weekly queue status, including priority changes Actions taken and explanations related to delegation, undelegation, and removal from the program Changes to program criteria (also updated in real time on the registration page) Changes to prioritization rules, such as preferred/unpreferred countries Changes in mentorship

In tandem with all public communications, the NSL grant for Delegations Program mentorship also evolves into node operator mentorship. Mentors will help all node operators and be responsible for:

Staying on top of the releases, news, and documentation of binaries Looking after the node operator channels and helping others with technical issues and questions Assisting the community with questions related to the delegations program Looking forward

The coming months are going to be a busy and exciting time for the Nym community as Nym alpha tests NymVPN for market launch, which is the first commercial product to run on the Nym mixnet. For this privacy tool to work, the Nym network of node operators needs to grow in a decentralized and dispersed way. But most importantly, Nym wants this growth to be organic and well-incentivized for nodes, both paying back and encouraging the community to produce quality service.

Join the Nym Community

Discord // Telegram // Element // Twitter

Privacy loves company

English // 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française // Español // Português // 한국인

Nym Delegations Program 2.0: Rolling registrations now open was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.


Greylock Partners

Code Smarter, Not Harder

Solving the Unknowns to Developing AI Engineers The post Code Smarter, Not Harder appeared first on Greylock.

Solving the Unknowns to Developing AI Engineers

The post Code Smarter, Not Harder appeared first on Greylock.


a16z Podcast

Finding a Single Source of AI Truth With Marty Chavez From Sixth Street

a16z General Partner David Haber talks with Marty Chavez, vice chairman and partner at Sixth Street Partners, about the foundational role he’s had in merging technology and finance throughout his career, and the magical promises and regulatory pitfalls of AI. This episode is taken from “In the Vault”, a new audio podcast series by the a16z Fintech team. Each episode features the most influential

a16z General Partner David Haber talks with Marty Chavez, vice chairman and partner at Sixth Street Partners, about the foundational role he’s had in merging technology and finance throughout his career, and the magical promises and regulatory pitfalls of AI.

This episode is taken from “In the Vault”, a new audio podcast series by the a16z Fintech team. Each episode features the most influential figures in financial services to explore key trends impacting the industry and the pressing innovations that will shape our future. 

 

Resources: 
Listen to more of In the Vault: https://a16z.com/podcasts/a16z-live

Find Marty on X: https://twitter.com/rmartinchavez

Find David on X: https://twitter.com/dhaber

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Tuesday, 21. May 2024

Circle Press

Circle Brings the Era of Open Money to Life with New Brand Campaign

Kick-starts summer launch with new film and brand activations

Kick-starts summer launch with new film and brand activations


Circle Blog

Money is now open

From one-click food delivery to video calls with grandparents, the open internet has touched nearly every aspect of our lives. Yet core systems that facilitate the global movement of money were last fundamentally updated in the 1970s. 

From one-click food delivery to video calls with grandparents, the open internet has touched nearly every aspect of our lives. Yet core systems that facilitate the global movement of money were last fundamentally updated in the 1970s. 


bankless

Rep Patrick McHenry on Crypto's Big Week in DC

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/2  This is a huge week for crypto in DC and we have on Congressman Patrick McHenry to tell us all about it.  Three big things:  1) SAB 121 repeal bill going to Biden’s desk - will he let it pass or veto? 2) SEC approve/deny Ethereum ETF - decision due thursday.  3) Hou

✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/2  This is a huge week for crypto in DC and we have on Congressman Patrick McHenry to tell us all about it. 

Three big things:  1) SAB 121 repeal bill going to Biden’s desk - will he let it pass or veto? 2) SEC approve/deny Ethereum ETF - decision due thursday.  3) House vote on FIT bill you’ve been championing - well talk about that bill.

Stand with Crypto: https://www.standwithcrypto.org/politicians 

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2   ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS 00:00 Start 04:05 Introduction to Congressman McHenry 05:11 Crypto in DC Temp Check 07:34 Generational vs Partisan Divide 12:57 Has Biden's Crypto Sentinent Changed? 16:46 FIT 21 Act 20:10 Security vs Commodity 23:18 Startups Becoming Commodities 26:34 Why Should Congress Support? 29:22 Why Patrick Cares About Crypto 33:25 Stablecoin Legislation 35:37 Will Crypto Still Be Under Attack? 38:24 Trump vs Biden Crypto Policies 40:41 How To Get Involved

------ RESOURCES:

Patrick on X: https://x.com/PatrickMcHenry 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Monday, 20. May 2024

bankless

BREAKING: The ETH ETF is getting approved?!

The ETF approval deadline is coming on May 23rd and the odds just got.... wayyyy higher! Ryan and David explain.  ------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo

The ETF approval deadline is coming on May 23rd and the odds just got.... wayyyy higher! Ryan and David explain. 

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo  ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS & RESOURCES

0:00 Intro 0:45 Bloomberg Analyst Update https://x.com/EricBalchunas/status/1792636523050906102  https://x.com/JSeyff/status/1792636774067413502  4:20 $ETH GOD CANDLE https://pro.kraken.com/app/trade/eth-usd  7:25 Eleanor https://x.com/EleanorTerrett/status/1792640682374393894  8:05 .ETH People https://x.com/JSeyff/status/1792637403682701422  https://x.com/TrustlessState/status/1792638235799122269  18:10 Jake Chervisnky https://x.com/jchervinsky/status/1792645992463978533  20:58 Warren Meme https://x.com/BillHughesDC/status/1792646322551451718  21:10 Mike Ippolito Sentiment Bottom Call  https://x.com/MikeIppolito_/status/1791829053881602454  https://x.com/MikeIppolito_/status/1792641028844904753  24:51 Institutional Narrative  28:58 $COIN Stock Price 29:20 S-1 Approvals https://x.com/JSeyff/status/1792650597377757456  33:08 SEC Asks Exchanges to Update Filings https://x.com/tier10k/status/1792655223103566116   35:16 $ETHE 36:26 Chart TA'ing  40:23 Polymarket https://polymarket.com/event/ethereum-etf-approved-by-may-31?tid=1716234132508  40:48 Ryan's Bear Case 46:23 Closing & Sassano Victory Lap https://x.com/TrustlessState/status/1792640883042443578 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠  


Shade Protocol

Shade Spartan Ethos Introduction

The Spartan Creed In the digital realm, where Spartans roam, We rise, united, to defend our own. With shields of privacy, and spears of autonomy, We march forth, in steadfast sovereignty. Guardians of data, warriors of finance, In every byte, we take a stance. Our information is not for sale, Our sovereignty is not for sale Our dignity is not for sale
The Spartan Creed
In the digital realm, where Spartans roam,
We rise, united, to defend our own.
With shields of privacy, and spears of autonomy,
We march forth, in steadfast sovereignty.
Guardians of data, warriors of finance,
In every byte, we take a stance.
Our information is not for sale,
Our sovereignty is not for sale
Our dignity is not for sale
Our autonomy is not for sale
Our property rights are not for sale
Our souls are not for sale
For we are Spartans, hearts aflame,
In the digital realm, we stake our claim.

Greetings Spartans,

The origin of the Shade Spartans is a simple tale — to be a staunch advocate of privacy and freedom inevitably puts you in the crosshairs of those who see our claims to digital sovereignty as a threat to their power. There are those who believe people must be protected at every turn. That security should be prioritized above the human experiment of individualism and experimentation. The powers at be are leaving an entire generation chained to the burden of malicious (not all) regulation. Disdainful pen & paper, stale and unromantic. Uninspired dead documents that stifle human ingenuity, and at worse, diminish it.

We Spartans.

We few, we chose few.

Pushed to the brink, night near extinct.

In the arena of the digital and physical world we lay it all on the line. We deeply value our dignity. We stake our future on the truth that there is no greater love than this: that a Shade Spartan would lay his security and freedom on the line to protect the future rights of his enemies.

You see, Spartans fight for the rights of those who oppress us. We fight to remove the chains from those that seek to place us in chains.

This is what it takes to be a city on a hill — a light in the darkness.

This is what it takes to have the moral high ground.

Your rights are our responsibility, no matter who you are.

We reject the notion that security should come at the expense of freedom, and we pledge to uphold the rights of all, regardless of creed or circumstance.

The Shade Spartans are inspired by three different sets of cultural icons. The first is Master Chief from the Halo video game series. We are aligned with the never surrender attitude, and embrace the story parallels of humanity versus the dark unknown. We stand against the forces at large that wish to seize and destroy all that makes us human.

A scene that particular resonates with Shade Spartans:

In this scene, Master Chief is given the choice: abandon his mission of protecting humanity, or disobey a direct order. He responds with a simple line: “No, sir.”

Shade Spartans are polite, but firm. Spartans have a backbone, and refuse to give an inch when it comes to commands to surrender our morals and principles.

Another Master Chief line that resonates with Shade Spartans is: “…asking is not my strong suite…” We are unapologetic about our rights, and we believe that we do not need to ask permission to build technology that protects and empowers our freedoms that are not granted by governments, but rather are inalienable rights that exist within all of humanity.

The second piece of culture we are inspired by is the ancient Greek civilization Sparta. The ancient Spartans were renowned for their distinctive values and way of life, which were deeply ingrained in their society and culture. Here’s a rundown of some of their key values:

Military Excellence: Spartans placed paramount importance on military prowess and discipline. From a young age, Spartan boys underwent rigorous training in combat skills, endurance, and discipline, preparing them for a life dedicated to military service. Discipline and Self-Control: Discipline was instilled in every aspect of Spartan life. Spartans were expected to exercise self-control and endure hardships without complaint. This discipline extended beyond the battlefield to everyday life, fostering a sense of self-mastery and resilience. Courage and Bravery: Spartans revered courage and bravery above all else. Fearlessness in the face of danger, whether in battle or in daily life, was highly valued. Spartans were taught to confront challenges head-on and never back down from a fight. Equality (among citizens): While Spartan society was hierarchical, with a clear distinction between citizens (Spartiates) and non-citizens (helots and perioikoi), within the citizen class, there was a degree of equality. All Spartiates, regardless of wealth or status, were expected to contribute to the defence of the state and adhere to the same rigorous standards. Spartan Unity: Solidarity and unity were central to Spartan society. Spartans were taught to prioritize the needs of the community over individual desires, fostering a strong sense of camaraderie and loyalty among citizens. Simplicity and Frugality: Spartans valued simplicity and frugality in their way of life. Material wealth and luxury were viewed with suspicion, and excess was discouraged. Spartans lived austere lives focused on the essentials, believing that hardship bred strength. Education and Intellectual Development: While Spartan education primarily focused on physical training and military skills, intellectual development was also valued. Spartan youths were taught to read, write, and engage in philosophical discourse, albeit to a lesser extent than in other Greek city-states.

We believe real change comes from a commitment to individual excellence combined with teamwork around winning battles at large. Your voice matters. Your action matters. How you conduct yourself matters. In isolation, you can achieve a little. Combined in a phalanx of fellow privacy advocates, we become unstoppable. Shade Spartans believe that actions speak louder than words in an era where words are cheap, ideas are manufactured, and where discourse is often controlled.

The third piece of culture we are inspired by is the modern cypherpunk movement. The modern cypherpunk movement is a decentralized community of individuals who advocate for the use of strong cryptography and privacy-enhancing technologies to promote individual freedoms and protect against surveillance and censorship. Emerging in the late 20th century, particularly in the 1980s and 1990s, the cypherpunk movement was heavily influenced by the rapid advancement of digital technologies and the growing concerns over government surveillance and control in the digital age.

At its core, the cypherpunk movement emphasizes the importance of privacy, anonymity, and encryption as fundamental human rights in the digital era. Cypherpunks believe that individuals should have the ability to communicate, transact, and interact online without fear of eavesdropping, censorship, or manipulation by governments, corporations, or other third parties.

Key principles of the modern cypherpunk movement include:

Privacy: Cypherpunks assert that privacy is essential for maintaining personal autonomy and freedom of expression. They advocate for the widespread adoption of encryption tools and privacy-enhancing technologies to protect individuals’ digital privacy from intrusive surveillance. Cryptography: Cryptography is seen as a powerful tool for securing communications, transactions, and digital identities. Cypherpunks promote the development and use of strong cryptographic algorithms and protocols to ensure the confidentiality, integrity, and authenticity of online interactions. Decentralization: Centralized systems are viewed as vulnerable to censorship, surveillance, and control. Cypherpunks advocate for decentralized technologies, such as blockchain and peer-to-peer networks, which distribute power and control among a network of participants, reducing the influence of centralized authorities. Anonymity: Anonymity allows individuals to communicate and transact online without revealing their identities or personal information. Cypherpunks support the use of anonymous communication tools, such as Tor and anonymous cryptocurrencies, to protect against surveillance and maintain privacy online. Freedom of Information: Cypherpunks believe in the free flow of information and oppose censorship and restrictions on access to knowledge and expression. They advocate for the use of encryption to bypass censorship and promote the dissemination of information without interference from authorities. Open Source: Open-source software is considered essential for transparency, security, and trust in digital systems. Cypherpunks support the development and use of open-source encryption tools and privacy-enhancing technologies to empower individuals and communities to protect their digital rights.

The modern cypherpunk movement continues to evolve and adapt to new technological challenges and societal issues. With the rise of surveillance capitalism, government surveillance programs, and online censorship, cypherpunks remain committed to defending individual privacy and promoting digital freedom in an increasingly interconnected world.

Mint Details — May 30th, 2024

The launch of the legendary 300 Spartans is set for May 30th, 2024 on Stashh in advance of the June 18th, Alexandria Shade Protocol upgrade.

WL sale: 50 $SILK
Public sale: 65 $SILK

The proceeds will be split:

50% buying back $SHD from the market
50% will be used to provide liquidity for the $SHD <> $SILK pool.

These proceeds will increase trading liquidity and support $SHD token’s utility within the Cosmos ecosystem.

Curious on how to join the whitelist? Keep your eyes peeled for the following:

Free badge mints Social media contests & tasks Through partner tweets & competitions March Madness Shade bracket winners Telegram & discord active user account selection

Are you an active community member? Your work shall be noticed, Spartan.

We believe in protecting “Your Money. Your Data. Your Decisions.”
Those who hold Shade Spartans are participants in the fight against centralization, censorship, and digital encroachment.
We are the tip of the spear.
We are the protectors of privacy.
We are Spartans.
Don’t give them an inch.

Follow Shade Protocol on Twitter


Sequoia

Partnering with Neros: Next-Gen Drones, Made in America

The post Partnering with Neros: Next-Gen Drones, Made in America appeared first on Sequoia Capital.
Partnering with Neros: Next-Gen Drones, Made in America

Soren and Olaf started out as teenage drone racers. Now, they’re building machines to keep the United States and allies safe.

By Shaun Maguire Published May 20, 2024 Team Neros

When Soren Monroe-Anderson and Olaf Hichwa first met, they were competitors with a lot in common. Both were first-person view drone pilots racing at the professional level, both ran their own businesses designing and selling drone components—and both were still in high school.

Soren grew up racing in Alaska before moving to New England, where his parents took jobs at Dartmouth, while Olaf built his skills near Washington, D.C., where he was part of the extended Sequoia family—his father spent his career as a leader at Oracle, a legendary part of our portfolio. By the time he was 17, Soren was a world champion in the MultiGP drone racing league; Olaf, meanwhile, had ranked third on the league’s global leaderboard a few years earlier and went on to design and sell thousands of drone circuit boards to the world’s top pilots.

MultiGP is like the Formula 1 of the drone world—to succeed at Soren’s and Olaf’s level requires elite skills in not just piloting but engineering. And now, these competitors turned co-founders are using that dual expertise to build the drones that they always wanted—and that they know soldiers need.

When I was in Afghanistan in 2012, the U.S. military was using what were then called drones—but they were large, fixed-wing devices that had more in common with airplanes than with the drones of today. Advances in technology in the decade since are on par with the jump between World War II and Vietnam; for the past two years, Ukraine’s military has defended against the Russia invasion not just with planes, ships and tanks but also electromagnetic energy, Starlink, hypersonic weapons—and modern, quadcopter drones.

Drones are a foundational technology for the future of warfare, with use cases going far beyond offensive missions; they are also used, in massive quantities, to gather intelligence, clear mines and more. But the U.S. is currently far behind in production of both these machines and their components, with 85% of global drone manufacturing capacity owned by China. Under the Department of Defense’s Replicator initiative, large U.S. defense companies will produce thousands of drones, but Ukraine will use an estimated 2.5 million this year alone.

With Neros, Soren and Olaf are determined to change that math.

Last year, a few days after we first met, Soren traveled to the front lines of Ukraine—to share what he knew about flying drones, and to see firsthand what the soldiers there needed. He came back with a clear vision for what Neros should build, and for how they should build it: a new generation of drones, from a fully American supply chain. We partnered soon after.

And then we saw just how quickly Soren, Olaf and their team work. They began in earnest in June, and by September, Neros—still a pre-seed company at the time—had successfully tested and deployed functional drones in Ukraine. Today, those drones remain a critical tool on the battlefield, and Neros recently completed an exercise with the U.S. Army, successfully removing anti-tank landmines in every attempt.

It’s an incredibly impressive track record for any new company, much less one led by co-founders who are barely in their 20s. But once you know Soren and Olaf, it’s difficult to be surprised. They are amazing: laser-focused on understanding their customers and iterating quickly to meet soldiers’ needs, and they are bringing on top talent to help them scale. With this round of seed funding, Neros will continue building that team, and will open a new 15,500-square-foot factory, enabling them to produce thousands of drones each month. From there, Soren and Olaf plan to bring production of more components in house—continuing progress toward their dream of a fully American drone supply chain—and eventually, to expand beyond drones to more aspects of defense, reshoring manufacturing as they go. 

Less than a decade after they faced off as racers, these two teenage competitors turned friends and their team are already making a life-saving difference for soldiers in Ukraine—and soon, for the men and women who serve in the U.S. military and all around the world.

Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #Funding announcement Partnering with Robco: Accessible Automation for the Physical World News Read Partnering with Mach Industries: A New Generation of Defense Technology By Stephanie Zhan and Shaun Maguire News Read AMP Robotics’ Dirty Ride and Green Dreams Spotlight Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post Partnering with Neros: Next-Gen Drones, Made in America appeared first on Sequoia Capital.


bankless

The New American Surveillance State | Byron Tau

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-byron-tau-interview  ------ Are we being watched? That’s the question we ask Byron Tau, an investigative journalist and author of “Means of Control'' that covers all about the US surveillance state. Turns out the US Government has a digital dossier of every citizen, but how? How do they coll

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-byron-tau-interview 

------ Are we being watched?

That’s the question we ask Byron Tau, an investigative journalist and author of “Means of Control'' that covers all about the US surveillance state.

Turns out the US Government has a digital dossier of every citizen, but how? How do they collect the data? How are they using it? Can we ever get back our digital privacy?

Expect to learn all that and much more in what is a deep dive into digital surveillance.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo    ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS

0:00 Intro 4:42 State of Surveillance 12:24 Content vs Metadata 18:16 The Surveillance Industry 33:53 Total Information Awareness 49:50 Is the Gov Using Data Against Us? 53:10 Privacy Protections 1:05:29 The Role of Encryption 1:17:23 Surveillance Abroad 1:22:09 US vs China 1:26:04 Surveillance in Crypto 1:31:09 Closing & Disclaimers

------ RESOURCES

Byron Tau https://twitter.com/ByronTau 

Means of Control by Byron Tau https://www.penguinrandomhouse.com/books/706321/means-of-control-by-byron-tau/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠  

Sunday, 19. May 2024

a16z Podcast

A Big Week in AI: GPT-4o & Gemini Find Their Voice

This was a big week in the world of AI, with both OpenAI and Google dropping significant updates. So big that we decided to break things down in a new format with our Consumer partners Bryan Kim and Justine Moore. We discuss the multi-modal companions that have found their voice, but also why not all audio is the same, and why several nuances like speed and personality really matter.   Reso

This was a big week in the world of AI, with both OpenAI and Google dropping significant updates. So big that we decided to break things down in a new format with our Consumer partners Bryan Kim and Justine Moore. We discuss the multi-modal companions that have found their voice, but also why not all audio is the same, and why several nuances like speed and personality really matter.

 

Resources:

OpenAI’s Spring announcement: https://openai.com/index/hello-gpt-4o/

Google I/O announcements: https://blog.google/technology/ai/google-io-2024-100-announcements/

 

Stay Updated: 

Let us know what you think: https://ratethispodcast.com/a16z

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

 

 

Friday, 17. May 2024

Epicenter Podcast

Alluvial: Institutional Liquid Staking and Spot Ethereum ETF - Mara Schmiedt

The massive success of the recently approved spot Bitcoin ETF showed tremendous interest from large institutional players. Even despite negative takes in public appearances, behind the curtain, more and more ‘smart money’ accumulate $BTC, either directly or through ETF shares. The same is to be expected for Ethereum, yet uncertainty still looms due to its proof-of-stake consensus model and, ultima

The massive success of the recently approved spot Bitcoin ETF showed tremendous interest from large institutional players. Even despite negative takes in public appearances, behind the curtain, more and more ‘smart money’ accumulate $BTC, either directly or through ETF shares. The same is to be expected for Ethereum, yet uncertainty still looms due to its proof-of-stake consensus model and, ultimately, staking yield. While crypto natives quickly embraced both ETH staking as well as liquid staking, institutions could not justify the higher risk profile and lack of regulatory compliance. Alluvial and Liquid Collective seek to change this and provide ultrasound infrastructure for enterprise-grade security in liquid staking. 

Topics covered in this episode:

Mara’s background ETH 2.0 and the current staking landscape Liquid Collective ETH ETF and staking concerns The risks of adjusting staking emissions Restaking and new opportunities Institutional staking and risk optimization

Episode links:

Mara Schmiedt on Twitter Alluvial on Twitter Liquid Collective on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Felix Lutsch.


bankless

ROLLUP: Memestock Mania | ETH Spot ETF Countdown | $25M Hackers Charged | Crypto's Election Impact

The Bankless Friday Weekly Rollup Third Week of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/  ------ 🎙️ SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS:   🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2  ⁠   

The Bankless Friday Weekly Rollup

Third Week of May

------

📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT

https://www.transporter.io/ 

------

🎙️ SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24

https://bankless.cc/spotify-premium 

------

BANKLESS SPONSOR TOOLS:

 

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE

https://k.xyz/bankless-pod-q2  ⁠ 

 

🔗CELO | CEL2 COMING SOON

https://bankless.cc/Celo 

 

🛞MANTLE | MODULAR LAYER 2 NETWORK

https://bankless.cc/Mantle 

 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION

https://bankless.cc/toku 

 

⚖️ARBITRUM | SCALING ETHEREUM

⁠https://bankless.cc/Arbitrum 

 

🌐 CARTESI | APPLY FOR A GRANT

https://bankless.cc/CartesiGovernance 

 

------

TIMESTAMPS & RESOURCES

00:00:00 Start

00:01:58 Markets

https://pro.kraken.com/app/trade/btc-usd 

https://pro.kraken.com/app/trade/eth-usd 

https://pro.kraken.com/app/trade/eth-btc 

 

00:06:07 Inflation Numbers

https://www.nytimes.com/live/2024/05/15/business/cpi-inflation-fed 

 

00:07:07 Gamestop and Memestock Mania

https://x.com/TheRoaringKitty/status/1789807772542067105 

https://imgur.com/PhBgZL2

https://twitter.com/vladtenev/status/1790560257196060741 

 

00:11:12 Institutions Buying Bitcoin

https://twitter.com/BitcoinMagazine/status/1789020004131737624 

https://twitter.com/RyanSAdams/status/1789024343038586956 

https://twitter.com/EricBalchunas/status/1790391049560498410 

 

00:13:36 ETH ETF Approval Deadline

https://twitter.com/vivekventures/status/1789161576987054271 

https://x.com/RyanSAdams/status/1790856567979454711 

https://twitter.com/RyanSAdams/status/1790825287229276526 

https://twitter.com/SGJohnsson/status/1788973146478948614 

 

00:20:46 Tornado Cash Devs Arrested

https://twitter.com/valkenburgh/status/1790367445720445421 

https://twitter.com/L0laL33tz/status/1790385855556698448 

https://twitter.com/LynAldenContact/status/1790391222235758700 

https://twitter.com/JDonoghueAuthor/status/1790485643950280894 

https://twitter.com/RyanSAdams/status/1790450619074871527 

 

00:25:04 SAB 121 Repealed!

https://x.com/BanklessHQ/status/1791140496397468064 

https://x.com/RyanSAdams/status/1791147869791002699 

 

00:28:07 Crypto Gets Partisan

https://www.politico.com/news/2024/05/10/trump-crypto-biden-00157051 

https://twitter.com/mcuban/status/1789037772050702824?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 

https://twitter.com/arkhamintel/status/1790014778519265463 

https://twitter.com/wileynickel/status/1788608778843074658?s=46 

https://twitter.com/samlyman33/status/1788612636428374183 

 

00:36:39 $25M MEV Exploiters Charged

https://www.justice.gov/opa/pr/two-brothers-arrested-attacking-ethereum-blockchain-and-stealing-25m-cryptocurrency 

https://twitter.com/tmnxeq/status/1790778875816898602 

 

00:43:42 Is Code Law?

https://x.com/TrustlessState/status/1791128506614608014 

https://twitter.com/MohamedFFouda/status/1790812568526704849 

 

00:46:59 Lens Network

https://twitter.com/LensProtocol/status/1790458242855751950 

 

00:48:23 Permissionless

https://bankless.cc/PermissionlessDiscount 

 

00:49:01 Airdrop Meta Shifting

https://twitter.com/PrimordialAA/status/1790033102837797069 

 

00:51:14 Future of DAI

https://x.com/RuneKek/status/1790777230341062660 

 

00:56:59 WUTANG

https://x.com/msantoriESQ/status/1788944762608754731 

 

00:57:48 Kraken Push to Dismiss SEC

https://x.com/ShaneMac/status/1747262469490536594 

 

00:58:36 Polymarket raises $70M

https://polymarket.com/event/nic-carter-vs-david-hoffman-Fight?tid=1715869550851 

 

01:00:44 David vs Nic

https://x.com/KarateCombat/status/1791077245194272830 

 

01:03:05 Meme of The Week

https://x.com/RyanSAdams/status/1790819671534411936 

 

------

Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠ 

Thursday, 16. May 2024

Greylock Partners

Reinventing Distributed Commerce with AI

The post Reinventing Distributed Commerce with AI appeared first on Greylock.

Power Dynamics in the AI Cloud Era

The post Power Dynamics in the AI Cloud Era appeared first on Greylock.

The post Power Dynamics in the AI Cloud Era appeared first on Greylock.


a16z Podcast

Remaking the UI for AI

Make sure to check out our new AI + a16z feed: https://link.chtbl.com/aiplusa16z   a16z General Partner Anjney Midha joins the podcast to discuss what's happening with hardware for artificial intelligence. Nvidia might have cornered the market on training workloads for now, but he believes there's a big opportunity at the inference layer — especially for wearable or similar devices that can

Make sure to check out our new AI + a16z feed: https://link.chtbl.com/aiplusa16z
 

a16z General Partner Anjney Midha joins the podcast to discuss what's happening with hardware for artificial intelligence. Nvidia might have cornered the market on training workloads for now, but he believes there's a big opportunity at the inference layer — especially for wearable or similar devices that can become a natural part of our everyday interactions. 

Here's one small passage that speaks to his larger thesis on where we're heading:

"I think why we're seeing so many developers flock to Ollama is because there is a lot of demand from consumers to interact with language models in private ways. And that means that they're going to have to figure out how to get the models to run locally without ever leaving without ever the user's context, and data leaving the user's device. And that's going to result, I think, in a renaissance of new kinds of chips that are capable of handling massive workloads of inference on device.

"We are yet to see those unlocked, but the good news is that open source models are phenomenal at unlocking efficiency.  The open source language model ecosystem is just so ravenous."

More from Anjney:

The Quest for AGI: Q*, Self-Play, and Synthetic Data

Making the Most of Open Source AI

Safety in Numbers: Keeping AI Open

Investing in Luma AI

Follow everyone on X:

Anjney Midha

Derrick Harris

Check out everything a16z is doing with artificial intelligence here, including articles, projects, and more podcasts.

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Wednesday, 15. May 2024

bankless

Autonomous Worlds | Lattice’s Justin Glibert

In today’s episode, we’re exploring the frontier of onchain universes, on Ethereum. Autonomous Worlds is the new frontier of digital onchain universes, being pioneered by the Lattice team, of which Justin Glibert on the show today is the co-founder and CEO. Ethereum is not just a financial computer, but a root of state for an infinite number of universes, all with their own laws of physics, ob

In today’s episode, we’re exploring the frontier of onchain universes, on Ethereum.

Autonomous Worlds is the new frontier of digital onchain universes, being pioneered by the Lattice team, of which Justin Glibert on the show today is the co-founder and CEO.

Ethereum is not just a financial computer, but a root of state for an infinite number of universes, all with their own laws of physics, objects, players, agents, and state… and, like our universe, still continues with, or without, our presence.

Justin walks us through the evolution of Autonomous Worlds. Get ready because you're going to get a taste of where the Internet has always been pointing towards… it just took us a while to get here.

------ 📣Bankless Premium | Use Code "FEED10" https://bankless.cc/FEED10   

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

 ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS

0:00 Intro 2:36 Scope of Lattice 7:18 Different Affordances of Ethereum 14:21 Dark Forest 23:51 After Dark Forest 29:32 Writing Code in Assembly & Abstraction 32:42 Lattice 35:58 Games Being Built Today 43:21 Justin’s Thoughts on the “Metaverse” 51:05 Rollup & Die 55:28 Lattice’s Layer 2 1:00:13 The Future of Games 1:04:56 Onchain Native GDP 1:08:17 Closing & Disclaimers

------ RESOURCES

Lattice https://twitter.com/latticexyz   https://lattice.xyz/  

0xParc  https://twitter.com/0xPARC  https://0xparc.org/  

Justin’s Twitter https://twitter.com/justinglibert  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

Tuesday, 14. May 2024

Zaisan

Cross-Chain Bridging for DeFi and GameFi

Imagine a group of small islands dotted around an area of an ocean. Each island has a small settlement of people, going about their business and living as best they know how. But there’s a problem. One island has wood but little food. They can build rudimentary huts but can scarcely eat. Their closest island […] The post Cross-Chain Bridging for DeFi and GameFi appeared first on Zaisan.

Imagine a group of small islands dotted around an area of an ocean. Each island has a small settlement of people, going about their business and living as best they know how. But there’s a problem. One island has wood but little food. They can build rudimentary huts but can scarcely eat. Their closest island has plenty of food but no wood, so they lack shelter. A third island has wood and food but no hay for their animals. Another island is brimming with hay but little coal to light fires. However, the island with the wood does have coal reserves. Then, one day, someone has an idea. Why not build bridges connecting all the islands so all the islanders can share resources? Soon, wood, food, coal, and hay are moving across the islands, and islanders’ business grows tenfold.

Now, imagine each of those islands is a blockchain. Each blockchain hosts a set of tokenised assets, which had remained confined to their blockchain. Why not build bridges across the blockchains so that assets can be easily shared and traded, similar to what the islanders did?

Cross-chain bridges: a simple solution to a big problem

In computing environments, some terms can be obscure and non-descript. That is not the case here. A cross-chain bridge does exactly what it says. It is a mechanism that enables the transfer of assets back and forth between two or more chains. Those assets can be tokens, cryptocurrencies, or any other tokenised assets hosted on the chains.

You might be wondering what sort of wizardry this is. Furthermore, you might question how it is possible to move assets between two chains whose protocols, rules, etc. might be completely different. These are valid questions, and here’s the answer. The bridge acts as a neutral zone (a no man’s land of sorts) where the switch occurs. 

An example: two blockchain games, one hosted on an Ethereum chain, the second hosted on WAX. Ethereum uses a proof-of-work consensus protocol, while WAX uses a proof-of-stake one, each with its own set of rules. And each of these games has some cool in-game assets, maps, etc. Each game world features a thriving game economy and has something that the other gaming environment lacks (remember the islanders?) Why not connect the two chains with a bridge and enable asset swapping, so that both gaming worlds (and their in-game economies) expand and grow?

Exponential growth for GameFi and DeFi environments

Blockchain has yielded much disruption and innovation throughout its relatively short lifespan, and the future looks just as innovative and bright. 

For some time, this technology has been associated with decentralised finance (DeFi). That is the provision of financial instruments without reliance on centralised intermediaries, such as banks, credit unions, or brokerages. The marriage between blockchain and DeFi has been a successful one, fostering a new era of financial inclusivity and autonomy. According to Statista, there are currently billions held in DeFi environments, showcasing its widespread acceptance and potential for further growth. 

But in more recent times, blockchain has spread its area of influence to gaming in the form of game finance (GameFi), combining cryptocurrencies, non-fungible tokens (NFTs), and other tokenised assets to create a gaming environment where players can play, trade, and earn. This development provides players with true ownership of their in-game items and the ability to earn real-world value through gameplay.

The mechanics underlying GameFi are relatively simple. In-game assets are distributed in NFT form, which guarantees ownership. This is key, as it enables the players to trade these assets as they see fit, sell them to other players, etc. And this is where cross-chain bridges come in. These two-way paths enable these assets to be moved from one chain to another, thus not only safeguarding the liquidity but also enhancing it by facilitating a wider marketplace. By doing this, the player pool grows exponentially, as players can participate in multiple gaming environments without being restricted by the boundaries of a single blockchain.

The same applies to DeFi environments, albeit without the gaming part. Users of different blockchains can have their assets exchanged on the bridge so they can be used on another blockchain. This is sometimes called ‘cross-chain swap.’ It is crucial for building a more interconnected and fluid blockchain ecosystem, where assets can freely move across different platforms, enhancing the user experience and broadening the scope of possibilities.

Cross-chain bridging with Zaisan

The benefits of multi-chain bridging are clear. The islanders knew it, and now you know too. Scalability, portability, and a massively expanded user or player pool are just the tip of the iceberg. These advancements signify a shift towards a more integrated, versatile, and user-centric blockchain ecosystem.

As blockchain technology continues to evolve, it promises to unlock even more innovative applications and opportunities, potentially transforming industries beyond finance and gaming, such as supply chain management, healthcare, and beyond. The journey of blockchain from a novel digital ledger to a bedrock of digital innovation illustrates its immense potential and the myriad of possibilities it holds for the future.

Zaisan is a multi-discipline blockchain services provider, including cross-chain bridging hosting. Among many other features, Zaisan offers the possibility of swapping tokens between Binance Smart Chain (BSC), WAX, and Ethereum.

The post Cross-Chain Bridging for DeFi and GameFi appeared first on Zaisan.


Sequoia

Replicate Spotlight

The post Replicate Spotlight appeared first on Sequoia Capital.
Painting the Town AI Published May 14, 2024 By Ananya Menon Ananya Menon is a journalist and screenwriter based in Los Angeles. Replicate founders Ben Firshman and Andreas Jansson are bringing open-source AI models to the developer community—and sparking imagination on how to use them. Published May 14, 2024 By Ananya Menon Ananya Menon is a journalist and screenwriter based in Los Angeles.

In August 2022, Ben Firshman woke with a splitting headache. He stumbled through his San Francisco apartment wracked by achiness and chills and grabbed a COVID test. That’s when he noticed something strange on his computer screen. It was a massive spike in traffic to the site he and fellow software engineer Andreas Jansson had launched in 2021, called Replicate. 

Replicate is a platform that hosts open-source machine learning models that anyone can run in the cloud with a single line of code. While the company had a small subset of dedicated users since its founding, it had struggled to gain meaningful traction—until now. 

Sitting at his computer, waiting for the results of his COVID test, Firshman studied the uptick in visitors. Stable Diffusion, the most advanced text-to-image model to date, had just been released. Thousands of developers wanted to use it, but most were not AI experts able to navigate the complexity and cost of running the model on their own. And so they were turning to Replicate, which had packaged, optimized and deployed Stable Diffusion, making the model available for anyone—AI expert or not—to use. 

Terrified that the onslaught of API calls would crash the site, Firshman phoned Jansson. They agreed they needed to work fast to ensure Replicate could handle the surge of developers coming to the platform to build and collaborate on AI-based tools and products. This was why Firshman and Jansson had started Replicate in the first place: to make machine learning accessible to software engineers.

Just then, Firshman’s timer went off. He checked his test: positive. He wouldn’t be leaving the house, but he would be working day and night to capitalize on this moment. Firshman ordered some Paxlovid and dove in. 

In the 1950s, if you wanted to use a computer you most likely needed a Ph.D. in electrical engineering—that’s how complicated they were. But over time, software was introduced that made using computers easy, no matter a person’s background or experience level. 

For the greater part of the 2000s and 2010s, machine learning’s useability was akin to mid-century computers, despite its growing ubiquity. Machine learning models were bulky, complex, on-prem systems, inaccessible to most engineers. To run them required expertise in the field and resources only available to larger institutions that could afford expensive servers and GPUs.   

Jansson, who had been a machine learning engineer at Spotify prior to founding Replicate, understood firsthand the barriers developers faced in using AI models. “I could read all about new developments in AI, but there were no tools readily available to actually apply any of it,” Jansson says. When he encountered an issue at Spotify, he would delve into relevant research, which would be in the form of scientific papers—not usable code. “Experts would write software, turn it into prose for the sake of academia, and then engineers like Andreas would have to turn their research back into software in order to use it,” Firshman says. “The whole process was bananas.”

“I could read all about new developments in AI, but there were no tools readily available to actually apply any of it.”

Andreas Jansson

Once the prose had been translated back into code, there came another issue: deployment. There was no guarantee that the software would run properly when it was transferred between computer systems. Researchers and engineers would have to work together for weeks to ensure other engineers could run the models on their own computers. 

Jansson and Firshman didn’t understand why AI models couldn’t just be distributed as software ready for production. This question connected directly to the work Firshman was doing at the time at Docker. Docker allows developers to package their code into containers (think shipping containers), which ensures that software runs the way it is supposed to on any computer. 

Firshman and Jansson wanted to build such a container, but for AI. “If only we could define a standard box for machine learning models, then researchers could put their models inside it,” said Firshman. “They could be shared with other people. They could be deployed to production. They could run anywhere, and always keep on running.” 

In October 2019, Firshman and Jansson began working on Replicate. As Firshman explains, “The heart of Replicate is taking all of these incredible new advances in AI and making them accessible to software engineers who don’t understand those things, but know how to build great products.” 

Replicate would be a platform where machine learning researchers could host and share AI models, and where engineers of all backgrounds could use those models to build applications. 

While Firshman and Jansson believed in Replicate’s potential, they knew they were taking a calculated risk. “Generative AI is everywhere now, but back then, it was not a term at all,” says Stephanie Zhan, a partner at Sequoia. “Ben and Andreas’ bet was that there would be a flourishing open-source model ecosystem, and they could become an important enabler of it by providing the easiest-to-use tools and infrastructure for developers to use these models.” 

To confirm Replicate’s viability, Firshman and Jansson spent weeks talking with machine learning experts and software developers, assessing their needs and experiences and comparing them with their own. Open-source machine learning was a nascent field and Replicate was a gamble on its future. Ultimately, Firshman and Jansson determined it was a gamble they were ready to take. 

“Generative AI is everywhere now, but back then, it was not a term at all.”

Stephanie Zhan

Firshman and Jansson first met in London in 2012 while working as developers for a music platform called This Is My Jam. On a team of just four people, Firshman and Jansson quickly formed a friendship, bonding over favorite bands and a shared attitude towards their work. “In a field where it’s easy to be cynical, we both had a childish enthusiasm for programming,” Jansson says. “We were both excited about building things.”  

Firshman’s interest in building came from his father, who he describes as a “nerd who was always tinkering with things.” Firshman’s mother was a classical guitar teacher, and during the hours she was with students, Firshman and his father would build and take apart anything they could get their hands on, from model airplanes to the family’s car. Firshman recalled being five years old and attempting to turn a landline into a wireless phone using a soldering iron. His father encouraged him to explore how the world worked, and Firshman seized every opportunity to do so.

As a teenager, Firshman applied his curiosity to software. He became involved with an online developer community who attached cell phones and cameras to weather balloons and sent them to the edge of space, where the cameras would take pictures and the phones would text their location. Firshman helped write the code for these explorations, collaborating and learning from other engineers. 

Meanwhile, deep in the forest outside Habo, Sweden, twelve-year-old Jansson was also learning to code. Armed with only a book about BASIC and an old Amiga 500, he began to recreate the games his friends had on their more advanced computers, like Brick Breaker. He was proud when he finally got the physics of the bouncing ball to work properly, and soon started building games of his own. 

When he was 15, Jansson left home to pursue his other passion, music, enrolling at a high school in Rättvik specializing in Swedish folk music. Following graduation he completed his military service, worked a stint as a forklift driver, and then moved to England to study sound engineering and, later, computer science.  “Maybe there’s a way to combine music and engineering,” Jansson thought. He was right. Soon after graduating, Jansson started working at This Is My Jam and met Firshman.

In 2014, the two friends parted ways. Jansson accepted a job as a software engineer at Spotify and moved to New York. Firshman began working at Docker, but over time began to question his purpose. “I felt like I always stumbled into the next opportunity,” Firshman says. “I really wanted to figure out what I wanted to do with my life and what was important to me.” 

In 2017, Firshman quit his job and decided to travel. He cycled across India and drove a van through China. He ate homemade pasta for breakfast at a stranger’s house in Italy. Eventually, he made his way to Greece, where he met up with his old friend, Jansson, on a small island called Naxos.

One afternoon, sitting by a pool, Firshman watched as Jansson struggled to read a research paper about AI on his phone. The paper, only available as a PDF, wasn’t designed to be read on a smartphone, so Jansson had to zoom in on every sentence. Firshman understood his exasperation. In the early days of their friendship, they’d talked about how the internet had originally been designed to share academic work. But decades after the internet’s founding, so much scientific research remained needlessly difficult to consume, like these mobile-unfriendly PDFs. Lifting his legs out of the water, Firshman proposed they work together to find a solution. Over the next few days, Firshman and Jansson built a program that converted research papers to web pages. Using the program, papers could be scaled appropriately to phone screens, and the hyperlinks, which previously would have to be copied and pasted into a new browser, were clickable. Now anyone anywhere, and on any platform, could easily read and digest a paper. 

Although Firshman didn’t know it at the time, he’d found what was important to him: he had a passion for making the inaccessible accessible, and he loved working with his friend. Whatever project came next, he wanted it to involve Jansson. 

Back in his apartment in the summer of 2022, the positive COVID test beside him, Firshman realized that for Replicate to handle the incoming surge of traffic, he, Jansson and their two other employees didn’t just need to patch the site, “we needed to rewrite our entire infrastructure,” he says. “It wasn’t working like we needed it to. It wasn’t up to par.” 

Firshman recalls the next few days as “24/7, all hands on deck.” One of their users informed them that an application built using Replicate was going to be featured on Japanese national television. “The show’s airdate was our deadline,” Firshman says. “And we managed to meet it. We rebuilt the whole Replicate infrastructure in a couple of weeks.” 

“The show’s airdate was our deadline, and we managed to meet it. We rebuilt the whole Replicate infrastructure in a couple of weeks.”

Ben Firshman

Their work paid off. Following the launch of Stable Diffusion, software engineers and AI enthusiasts across industries flocked to Replicate to create new products. One popular app allowed users to upload pictures of their homes, describe an interior decorating style, and watch as the program generated images of their homes in that style. Another converted blurry, old photos into crisp, high-definition images. More than growing Replicate’s user base, Stable Diffusion’s release brought attention and legitimacy to the idea of open-source AI models. And it underscored the value of Replicate, a platform where they could live and be deployed. 

In July 2023, Meta and Microsoft released Llama 2, a large language model whose addition to Replicate’s library resulted in the platform’s biggest week of growth to date. For Replicate, this represented yet another vote of confidence—this time from two of the world’s most significant tech companies—in open-source AI models. 

If Replicate’s initial challenge was getting people to buy into open-source AI models and believe they could be easy to use, today its biggest challenge is competitors crowding into the space. “Developers care about cost, performance, and the developer experience of running these models,” Zhan says. “The ecosystem of models is flourishing and ever-evolving, so pushing the envelope on these dimensions is a continuous journey.”

Cost and performance aside, according to Zhan, what sets Replicate apart from the host of other AI inference platforms is empathy. “They understand what developers actually want,” Zhan says. “They didn’t just build something that works, they built something that is delightful—a few lines of code to run any model in the cloud directly via their API.” Replicate’s website features a neon background gradation and large, stylized image tiles for each model in its library. Detailed instructions, replete with colorful visual aids, guide users through how to run, customize and deploy models. It’s a platform that front to back inspires the imagination.

Scaling a startup is almost impossibly complex, but similar to how AI models learn, Firshman and Jansson have gotten better at it over time. “At first, we tackled every responsibility together,” Jansson says. They soon realized this was a quick path to burning out and decided to delineate duties. Firshman focuses more on products and the business side of the platform, while Jansson keeps up with developments in machine learning. A decade into their friendship, the two maintain the highest admiration for each other. Jansson says he got an MBA by osmosis just by working with Firshman, who understands business and people “in a magical way.” Firshman describes Jansson as a “ridiculous, multi-talented person.” They’re certain that at the core of what makes Replicate successful are their friendship, respect and shared ethos. 

Although Firshman lives in San Francisco and Jansson in rural Sweden, they make it a point to spend time together. Firshman visits Jansson about four times a year, and the two take walks through the forest, discussing the future of Replicate and AI in general. They continue to share the youthful passion about software they had when they first met, and they still can’t help but build together. When Jansson was getting married in July 2022, he constructed a dance floor in the woods near his home for Swedish folk dancing. A week before the wedding, he realized it needed a roof. Firshman, who had flown out early, spent days with Jansson building the roof for the dance floor. The last plank went in at dawn, hours before Jansson’s wedding. That night, the two celebrated with friends and family, dancing beneath their creation. 

Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI AI Ascent 2024 Video highlights from our AI conference. Perspective Read Arvind Jain Pushes into AI-powered Productivity Spotlight Read Generative AI’s Act Two By Sonya Huang, Pat Grady and GPT-4 Perspective Read Open-Sourcing the Future of AI Spotlight Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post Replicate Spotlight appeared first on Sequoia Capital.


Panther Protocol

Decentralized privacy: exploring ZKP and advanced privacy tools in Web3

This article explores the critical role of Zero-Knowledge Proofs (ZKPs) and other advanced privacy tools in safeguarding user privacy within the burgeoning Web3 landscape, addressing the inherent transparency of blockchain technology and introducing next-generation solutions for scalable, privacy-focused blockchain applications.  Although blockchain’s benefits are undeniable, the decentraliz

This article explores the critical role of Zero-Knowledge Proofs (ZKPs) and other advanced privacy tools in safeguarding user privacy within the burgeoning Web3 landscape, addressing the inherent transparency of blockchain technology and introducing next-generation solutions for scalable, privacy-focused blockchain applications. 

Although blockchain’s benefits are undeniable, the decentralized and immutable nature of open blockchain’s record-keeping creates unique privacy challenges. Blockchain's transparency means that transactions are permanently recorded and viewable by anyone. While this promotes trust and accountability, it also poses significant risks to personal privacy if identities can be linked to public addresses and can expose trading strategies for professional investors and other successful traders. Additionally, integrating decentralized applications (dApps) with these technologies further complicates the privacy landscape, as user interactions on one platform can be traced across multiple platforms and transactions.

To address these privacy challenges, Zero-Knowledge Proofs (ZKPs) emerge as a potent solution, allowing transaction validation without compromising private data. ZKPs, such as zk-SNARKs and zk-STARKs, are cryptographic methods that allow the validation of transactions without revealing any underlying data, playing a crucial role in maintaining privacy on the blockchain.

Beyond enhancing privacy, ZKP technology can be instrumental in DeFi contexts, where it ensures that financial transactions remain confidential yet verifiable, believed to be the key to fostering trust and participation in open financial ecosystems. The technology can make transactions more private, ensuring that while the integrity and rules of the transaction are publicly verifiable, the specifics of the amounts and the parties involved in the transaction remain private.

Relative to non-succinct privacy-preserving proofs, zk-SNARKs can make for more scalable projects compared with, for example, non-succint alternatives such as zk-STARKs. By enabling transaction validation without disclosing or processing extensive data on the blockchain, zk-SNARK technology can be implemented in ways that lessen the network burden. Ultimately the result is a more efficient blockchain, potentially increasing transaction throughput and enhancing overall performance.

Other privacy-preserving technologies

While ZKPs are pivotal, a broad array of privacy-preserving technologies, including Homomorphic Encryption and Secure Multi-Party Computation that are available for Web3 developers:

​​Homomorphic encryption: Enables computations on encrypted data, ensuring data privacy even during processing. Secure Multi-Party Computation (SMPC): Allows multiple parties to jointly compute a function while keeping their inputs private. Decentralized identifiers (DIDs): DIDs allow individuals to control and verify their identity independently of a central authority, enhancing privacy and control over personal identity data. Blockchain sharding: Although its primary function is to help scale networks, by dividing the entire blockchain into smaller partitions known as shards, privacy is enhanced by limiting the data each node can access. Differential privacy: Integrating differential privacy techniques into blockchain applications can add noise to aggregated data, making it difficult to identify individual users while maintaining the utility of the data. Confidential smart contracts: Leveraging cryptographic techniques to execute smart contracts confidentially ensures that the data within these contracts is not exposed to other network participants. Tools for enhancing privacy in Web3

The development of these foundational technologies paves the way for practical, user-facing privacy tools in Web3, ranging from enhanced wallets to comprehensive on-chain and off-chain solutions. Some of these tools include:

Privacy-enhancing wallets: These wallets integrate features like stealth addresses and ring signatures to conceal user identities. On-chain privacy protocols: On-chain privacy protocols like the one Panther Protocol is developing will use zk-SNARK and other privacy technologies to conduct private transactions on public blockchains while preserving privacy. Off-chain privacy solutions: Off-chain solutions like the Lightning Network for Bitcoin or Raiden Network for Ethereum help scale transactions off the main chain while improving privacy by reducing the on-chain footprint. Data protection tools: Tools like NuCypher use proxy re-encryption and SMPC to secure shared data among multiple participants without exposing the raw data to external parties. Conclusion

Web3 aims to revolutionize online interactions by emphasizing privacy and control over personal data, while still maintaining the inherent benefits that transparent blockchain technology brings. As this technology advances, it’s critical to develop tools that uphold privacy without compromising transparency. This balancing act involves both innovative technological solutions and stringent regulatory measures, ensuring Web3 can offer transparent yet secure digital environments.

For more information about privacy-preserving technologies

A Deep Dive Into Secure Multi-Party Computation (MPC)

Threshold Cryptography, MPC, and MultiSigs: A Complete Overview

Bulletproofs In Crypto – An introduction to a Non-Interactive ZKP

zk-SNARKs vs zk-STARKs: Comparing Zero-knowledge Proofs

What is a zero-knowledge proof? ZKPs explained in different levels.

Ring Signatures vs. zkSNARKs: A comparison

Monday, 13. May 2024

bankless

“Nothing Stops This Train” | Lyn Alden on Fiscal Dominance

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-lyn-alden-interview  ------ Bankless listener, if you want to survive this decade as an investor, as a market participant or even just as a citizen, you have to tune in to this episode with author and investor, Lyn Alden. We’re entering a new era. “Nothing Stops this Train” as Lyn would say. We’

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-lyn-alden-interview 

------ Bankless listener, if you want to survive this decade as an investor, as a market participant or even just as a citizen, you have to tune in to this episode with author and investor, Lyn Alden.

We’re entering a new era. “Nothing Stops this Train” as Lyn would say. We’ve entered the Era of Fiscal Dominance.

- What era is this? - Who will be the winners and losers?  - What about capital controls? - How can you prepare?  - How will Crypto perform?

We get into all this and much more in what is a must-listen Fiscal Dominance Masterclass.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo      ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS

0:00 Intro 5:25 Nothing Stops This Train 15:15 Fiscal Dominance vs Monetary Dominance 34:23 A World of Fiscal Dominance 46:39 Federal Reserve Role 50:34 Fiscal Dominance Indicators 1:08:06 Winners & Losers 1:18:29 Living in a Fiscal Dominance Era 1:24:16 Capital Controls 1:33:06 Federal Reserve Signals 1:36:14 How to Prepare 1:40:19 How Will Crypto Perform? 1:42:52 Closing & Disclaimers

------ RESOURCES

Lyn Alden https://twitter.com/LynAldenContact 

Lyn Alden Newsletter https://www.lynalden.com/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

 


Greylock Partners

Bringing Food Distribution Online

Inventa is a B2B marketplace that connects brands and retailers on a easy to use platform, offering a comprehensive portfolio at suitable prices, empowering and supporting them to grow their business with less financial risk. The post Bringing Food Distribution Online appeared first on Greylock.

The post Bringing Food Distribution Online appeared first on Greylock.

Friday, 10. May 2024

Epicenter Podcast

Quadratic Funding and How Gitcoin Raised $60M for Public Goods - Kevin Owocki

5 years, 20 Grants, 3715 projects crowd-funded and over $60M raised towards public goods funding, from 4.2M unique donations. Gitcoin’s headline numbers are indicative of the massive success their quadratic funding (QF) and public goods funding models (PGF) have seen over the years. With Gitcoin 2.0, crowd-funding is further decentralised, Allo Protocol being open-source and permissionless: any ec

5 years, 20 Grants, 3715 projects crowd-funded and over $60M raised towards public goods funding, from 4.2M unique donations. Gitcoin’s headline numbers are indicative of the massive success their quadratic funding (QF) and public goods funding models (PGF) have seen over the years. With Gitcoin 2.0, crowd-funding is further decentralised, Allo Protocol being open-source and permissionless: any ecosystem treasury can create their own Gitcoin Grants program to help their community fund what matters to them.

Topics covered in this episode:

Kevin’s background and Gitcoin’s journey so far The utility of Gitcoin Passport Gitcoin Grants sybil protection dilemma Public goods & capital allocation Quadratic funding (QF) & retroactive public goods funding (RPGF) New allocation models introduced by Gitcoin 2.0 $GTC token utility & decentralising Allo Protocol The current landscape of DAOs

Episode links:

Kevin Owocki on Twitter Gitcoin on Twitter Gitcoin Governance Forums

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Friederike Ernst.


a16z Podcast

How Discord Became a Developer Platform

In 2009 Discord cofounder and CEO, Jason Citron, started building tools and infrastructure for games. Fast forward to today and the platform has over 200 million monthly active users.  In this episode, Jason, alongside a16z General Partner Anjney Midha—who merged his company Ubiquity6 with Discord in 2021—shares insights on the nuances of community-driven product development, the shift from

In 2009 Discord cofounder and CEO, Jason Citron, started building tools and infrastructure for games. Fast forward to today and the platform has over 200 million monthly active users. 

In this episode, Jason, alongside a16z General Partner Anjney Midha—who merged his company Ubiquity6 with Discord in 2021—shares insights on the nuances of community-driven product development, the shift from gamer to developer, and Discord’s longstanding commitment to platform extensibility. 

Now, with Discord's recent release of embeddable apps, what can we expect now that it's easier than ever for developers to build? 

Resources: 

Find Jason on Twitter: https://twitter.com/jasoncitron

Find Anjney on Twitter: https://twitter.com/AnjneyMidha

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

 


bankless

ROLLUP: M2 Money Supply Flipped Bullish | Robinhood Wells Notice | Trump Supports Crypto | Friend.tech Token

Bankless Friday Weekly Rollup Second Week Of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/  ------ Bankless Premium | Use Code "FEED10" https://bankless.cc/FEED10   ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2  🔗CELO | CEL2 COMING SOON https://bankless.cc/

Bankless Friday Weekly Rollup Second Week Of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/  ------ Bankless Premium | Use Code "FEED10" https://bankless.cc/FEED10   ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo      ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance   

------ TIMESTAMPS & RESOURCES 00:00 Intro

01:28 Markets  https://pro.kraken.com/app/trade/btc-usd  https://pro.kraken.com/app/trade/eth-usd  https://www.coingecko.com/en/global-charts 

03:40 M2 Money Supply https://twitter.com/thomas_fahrer/status/1786196603931644086 

08:18 GBTC Inflows https://x.com/JSeyff/status/1787506564267393037  https://twitter.com/JSeyff/status/1787610459413102688 

09:49 Stablecoin Mkt Supply https://twitter.com/alpha_pls/status/1787405833279545393 

10:55 Bullish for Solana https://twitter.com/smyyguy/status/1787892675145781611 

18:43 Robinhood Wells Notice https://newsroom.aboutrobinhood.com/robinhood-response-to-receipt-of-wells-notice-from-the-u-s-securities-and-exchange-commission/  https://x.com/vladtenev/status/1787595555981668751  https://twitter.com/BSCNews/status/1787811373361107092 

22:32 Gary's Take https://x.com/RyanSAdams/status/1788313202024915178 

28:27 Biden Administration Against Crypto https://twitter.com/BitcoinMagazine/status/1788274505753755836  https://twitter.com/jchervinsky/status/1788281811086221646?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g  https://x.com/RyanSAdams/status/1788289854574322049 

34:09 Trump Response https://twitter.com/frankdegods/status/1788359051031761269?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 

42:16 FTX Creditors Make 118%? https://www.bloomberg.com/news/articles/2024-05-07/ftx-has-billions-more-than-needed-to-repay-bankruptcy-victims?cmpid=BBD050824_MONEYSTUFF&utm_medium=email&utm_source=newsletter&utm_term=240508&utm_campaign=moneystuff 

44:42 Friend.Tech Token https://x.com/friendtech/status/1786573081240297926 

47:06 Eigen Stakedrop Update https://twitter.com/TrustlessState/status/1786172333717066237  https://x.com/BanklessApp/status/1786055564629348383 

48:28 $MODE Token https://x.com/modenetwork/status/1786115439212294386 

49:43 Optimism L3 https://optimism.mirror.xyz/6idqs2nEDLdezbSynrYsakliSCm3VyzA3WWj6esBbbM 

51:29 BOB Bitcoin Chain https://twitter.com/build_on_bob/status/1785601054966771970 

52:10 Autonomous Worlds https://twitter.com/redstonexyz/status/1785715921014960188 

54:48 Nigeria Banning P2P Crypto Trade https://www.bloomberg.com/news/articles/2024-05-07/nigeria-to-ban-person-to-person-crypto-trade-in-battered-naira 

57:05 Revolut X https://www.revolut.com/blog/post/revolut-x-launch/ 

57:59 Meme of The Week https://x.com/jonwu_/status/1787512817303629962  ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Thursday, 09. May 2024

bankless

Why This Cycle is Cooked | DH + RSA

Today we explore David's idea that this cycle is cooked and Ryan has some question starting with... what does that even mean? On this week's episode of Bankless Takes we answer that question and so much more as we take a deep dive into token distributions and how they're playing out this time around.  ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.i

Today we explore David's idea that this cycle is cooked and Ryan has some question starting with... what does that even mean?

On this week's episode of Bankless Takes we answer that question and so much more as we take a deep dive into token distributions and how they're playing out this time around. 

------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io/ ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo      ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS 00:00 Intro 01:30 Why Record This Episode? 06:01 Why There Are Structurally Bad Vibes 15:47 Why it's Like This 29:14 The Problem With The Points Meta 38:29 Recent Airdrop Issues 47:21 Where Do We Go From Here?

------ RESOURCES  VC Capital - https://imgur.com/KKqMWBe 

Sell Pressure - https://twitter.com/pythianism/status/1784958268420522195 

Chris Dixon Take - https://a16zcrypto.com/posts/article/memecoins-tokens-regulation-policy/ 

LayerZero - https://x.com/LayerZero_Labs/status/1786441554816532646 

Hayden Take - https://twitter.com/haydenzadams/status/1786784808187621874 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Wednesday, 08. May 2024

Zcash Foundation

Zebra 1.7.0 Release

The Zcash Foundation is pleased to announce the release of Zebra v1.7.0. With this release we have added a number of usability improvements, bug fixes and new features.  Zebra now supports Regtest without proof-of-work validation. In order to support regtest network mode in Zebra, we have started to include some functionality to enable the creation […] The post Zebra 1.7.0 Release appeared

The Zcash Foundation is pleased to announce the release of Zebra v1.7.0. With this release we have added a number of usability improvements, bug fixes and new features. 

Zebra now supports Regtest without proof-of-work validation. In order to support regtest network mode in Zebra, we have started to include some functionality to enable the creation of new networks with a configurable set of parameters.

We made changes that will allow Zebra nodes behind firewalls contribute to the P2P network by using the external address to communicate with peers. We have additionally made updates to ensure that zebra can build and run on Windows as a Tier 2 supported platform.

This release fixes a bug with the z_get_treestate RPC method which could potentially return data from different blocks and we have fixed a panic when the elasticsearch feature is enabled without a backing elasticsearch server.

Finally, we adjusted the Zebra release interval from 2 weeks to approximately 6 weeks, to match Rust stable release cadence.

The post Zebra 1.7.0 Release appeared first on Zcash Foundation.


bankless

Bitcoin's 2024 Revolution: L2s & Beyond | Eric Wall

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-eric-wall-interview  ------ What’s the Endgame for Bitcoin Scaling? That’s what we asked bitcoin builder and researcher Eric Wall. We start by exploring the evolution of Bitcoin and the genesis of scaling solutions on top of it. We then get into the intricacies of the BitVM, what exactly is a Bi

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-eric-wall-interview 

------ What’s the Endgame for Bitcoin Scaling? That’s what we asked bitcoin builder and researcher Eric Wall.

We start by exploring the evolution of Bitcoin and the genesis of scaling solutions on top of it. We then get into the intricacies of the BitVM, what exactly is a Bitcoin L2 and what’s coming next.

Eric is the perfect guest to explore this frontier of Bitcoin Rollups, he tells it like it is and he understands both Ethereum and Bitcoin.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo      ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS

0:00 Intro 5:47 Eric Wall 9:48 The Evolution of Bitcoin 21:31 The Genesis of Bitcoin L2s 36:40 Runes 46:22 BitVM 1:04:45 Why Bitcoin L2s are Inevitable 1:09:07 Stacks 1:11:37 Bitcoin L2 Endgame 1:17:39 Scams 1:23:13 Bitcoin’s Direction 1:27:25 Closing & Disclaimers

------ RESOURCES

Eric Wall https://twitter.com/ercwl  

Taproot Wizards https://taprootwizards.com/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠  

 

Monday, 06. May 2024

bankless

The Battle Between Crypto VCs & Retail Investors | Regan Bozman

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-regan-bozman-interview  ------ Today we explore the frontier of Venture Capitalists vs Retail Investors, are they at war? That’s exactly what we debate on the show with crypto writer and VC Regan Bozman. Lots of questions to be asked on this episode: - Is crypto experiencing an identity crisis? -

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-regan-bozman-interview 

------ Today we explore the frontier of Venture Capitalists vs Retail Investors, are they at war? That’s exactly what we debate on the show with crypto writer and VC Regan Bozman.

Lots of questions to be asked on this episode: - Is crypto experiencing an identity crisis? - Are memecoins a reaction to VCs - Why is the current wave of Airdrops broken?. - Is attention more important than fundamentals? - Where do we go from here?

It’s about time to gain some clarity into what’s really happening in the crypto space.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

------ TIMESTAMPS

0:00 Intro 6:10 Crypto Identity Crisis 17:15 Stories 25:18 Terminal Liquidity 20:14 VCs vs Retail 38:33 Token Sales 46:22 Airdrops 52:27 The Attention Economy 1:02:03 Solutions 1:09:31 Regulatory Hurdle 1:12:28 The Weirdness of It All 1:14:41 Memecoins 1:16:17 Where do we go from here?

------ RESOURCES

Regan on X https://twitter.com/reganbozman  

Regan on Farcaster https://warpcast.com/regan  

Regan Thread https://twitter.com/reganbozman/status/1776293611036197059  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠   


a16z Podcast

Securing the Black Box: OpenAI, Anthropic, and GDM Discuss

Human nature fears the unknown, and with the rapid progress of AI, concerns naturally arise. Uncanny robocalls, data breaches, and misinformation floods are among the worries. But what about security in the era of large language models? In this episode, we hear from security leaders at OpenAI, Anthropic, and Google DeepMind. Matt Knight, Head of Security at OpenAI, Jason Clinton, CISO at Anthropi

Human nature fears the unknown, and with the rapid progress of AI, concerns naturally arise. Uncanny robocalls, data breaches, and misinformation floods are among the worries. But what about security in the era of large language models?

In this episode, we hear from security leaders at OpenAI, Anthropic, and Google DeepMind. Matt Knight, Head of Security at OpenAI, Jason Clinton, CISO at Anthropic, and Vijay Bolina, CISO at Google DeepMind, are joined by Joel de la Garza, operating partner at a16z and former chief security officer at Box and Citigroup.

Together, they explore how large language models impact security, including changes in offense and defense strategies, misuse by nation-state actors, prompt engineering, and more. In this changing environment, how do LLMs transform security dynamics? Let's uncover the answers.

 

Resources:

Find Joel on LinkedIn: https://www.linkedin.com/in/3448827723723234/

Find Vijay Bolina on Twitter: https://twitter.com/vijaybolina

Find Jason Clinton on Twitter: https://twitter.com/JasonDClinton

Find Matt Knight  on Twitter: https://twitter.com/embeddedsec

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Saturday, 04. May 2024

Epicenter Podcast

Near Protocol: 'Blockchains Cannot Scale Without Sharding!' - Illia Polosukhin & Alex Skidanov

The initial scaling roadmap for Ethereum featured execution layer sharding. However, the rapid advancements of layer 2 scaling solutions in general, and zero knowledge proofs in particular, caused a restructuring of the original plan. The reason was that rollups would have required less changes made to Ethereum’s base layer, hence lower risks. On the other hand, Near Protocol was designed from the

The initial scaling roadmap for Ethereum featured execution layer sharding. However, the rapid advancements of layer 2 scaling solutions in general, and zero knowledge proofs in particular, caused a restructuring of the original plan. The reason was that rollups would have required less changes made to Ethereum’s base layer, hence lower risks. On the other hand, Near Protocol was designed from the ground up as a sharded system, capable of withstanding billions of transactions simultaneously, without sacrificing decentralisation or security.

Topics covered in this episode:

Illia’s & Alex’s backgrounds Sharding and blockchain scalability Challenges of building a sharded blockchain Near namespace Shard security & validator sampling Stateless validation and data availability State witnesses and chunk producers Block production Shards vs. Rollups How Near could further improve Leaderless chunk production Chain abstraction

Episode links:

Illia Polosukhin on Twitter Alex Skidanov on Twitter Near Protocol on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Meher Roy.

Friday, 03. May 2024

bankless

ROLLUP: $EIGEN Token Launch | CZ Going to Jail | Stripe Crypto Support | Market Bottom In?

Bankless Friday Weekly Rollup First Week Of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2     ⁠  🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle   🌐 CARTESI | APPLY FOR A GRANT https://ban

Bankless Friday Weekly Rollup First Week Of May ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT https://www.transporter.io 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2     ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo  

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku  

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

------ TIMESTAMPS & RESOURCES 00:00:00 Start

00:01:04 David's Eye Update https://x.com/TrustlessState/status/1783846598813814785 

00:05:52 Markets https://pro.kraken.com/app/trade/btc-usd  https://pro.kraken.com/app/trade/eth-usd  https://twitter.com/nicrypto/status/1785607112682246286 

00:11:17 BTC Miners Struggling  https://twitter.com/RhoRider/status/1784720608691159410 

00:13:55 BTC to $3.8 Million? https://twitter.com/DeItaone/status/1785695402819207296 

00:18:52 Solana Season Over? https://x.com/0xGumshoe/status/1784240017017069849 

00:25:31 The $EIGEN StakeDrop https://twitter.com/eigenfoundation/status/1785000124646572108 

00:30:31 The 2 Token Model https://imgur.com/YE7PBL3 

00:34:36 Distribution Details https://imgur.com/y7BEqUu 

00:39:29 Locked Tokens https://x.com/TrustlessState/status/1785729436895084571 

00:47:33 Eigen Team Perspective https://twitter.com/jchervinsky/status/1785373696862924997 

00:56:51 Industrial Airdrop Farmers https://twitter.com/Takuiten/status/1785220889161998635 

01:01:05 CZ Sentenced to Jail https://x.com/BitcoinMagazine/status/1785384669812273570  https://x.com/cz_binance/status/1785465555899822488  https://twitter.com/MikeIppolito_/status/1785388427849961678 

01:08:48 Stripe Crypto Support https://x.com/collision/status/1783559623511011535  https://twitter.com/RyanSAdams/status/1783854777622724683 

01:10:55 Visa's Onchain Dashboard https://twitter.com/cuysheffield/status/1783471909533106610 

01:12:04 USDC overtakes Tether https://visaonchainanalytics.com/transactions  https://x.com/paoloardoino/status/1785645617651274040 

01:13:42 Tokenizing Treasuries https://www.franklintempleton.com/press-releases/news-room/2024/franklin-templeton-announces-availability-of-peer-to-peer-transfers-for-franklin-onchain-u.s.-government-money-fund 

01:14:55 AAVE V4 https://x.com/aave/status/1785749923893223485 

01:17:22 Coinbase Integrates Lightning Network https://www.coinbase.com/blog/coinbase-integrates-bitcoins-lightning-network-in-partnership-with

01:17:58 The War on Crypto https://consensys.io/blog/consensys-suing-sec-to-defend-ethereum-ecosystem  https://www.ic3.gov/Media/Y2024/PSA240425  https://twitter.com/RyanSAdams/status/1783586883194265820 

01:22:12 Square and Cash App Investigated https://x.com/RyanSAdams/status/1785751225062809832 

01:22:56 Roger Ver Tax Fraud https://www.justice.gov/opa/pr/early-bitcoin-investor-charged-tax-fraud 

01:24:37 Etherscan Bankless Partnership! https://twitter.com/etherscan/status/1785357882181214215 

01:25:42 Meme of The Week https://x.com/dabit3/status/1785886486165942380 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 


Nym - Medium

NymVPN alpha private testing has begun

Select subscribers and community members can now help test the power of Nym’s new mixnet VPN NymVPN alpha is now available to test for users who have signed up on the waiting list! L中文 // Türkçe // Tiếng Việt // 日本 // Française // 한국인 Thanks to subscribers, core community members, and of course the research and development team at Nym, we can now take the next step in building a
Select subscribers and community members can now help test the power of Nym’s new mixnet VPN

NymVPN alpha is now available to test for users who have signed up on the waiting list!

L中文 // Türkçe // Tiếng Việt // 日本 // Française // 한국인

Thanks to subscribers, core community members, and of course the research and development team at Nym, we can now take the next step in building a more anonymous internet, halting surveillance in its tracks.

With NymVPN alpha, users can help Nym test its operations by using it to access the Web and other apps. The goal of any alpha version is, of course, to work out the kinks in order to provide users with a well-tested and reliable service. Alpha testers, as well as the growing support of alpha nodes, are the front lines in making this possible.

Alpha testers can get a taste of NymVPN’s core features, including its 2-hop dVPN for things like private browsing, and its unparalleled noise-generating mixnet mode (with 5 hops!) for advanced privacy in messaging and crypto transactions. The 2-hop dVPN will soon be powered by WireGuard to give top-of-line speed.

Alpha access

NymVPN alpha is currently available for a limited number of select users from the waiting list, as well as members of the Nym core community. New batches of users that signed up to the waiting list will be contacted by email weekly to join alpha, receiving access to a unique nymvpn.com page to generate their access credentials using zk-nym zero-knowledge proofs.

If you’re not contacted right away, be patient! We are starting with a smaller number of alpha users to smooth out operations before inviting more users as things progress. So, stay tuned!

You can still sign up on our waitlist for the chance to be part of later user batches to try Alpha.

Note that alpha testing is free, but does not grant unlimited free usage forever. Eventually all users will be able to pay for NymVPN in Bitcoin, NYM, and even normal credit cards will be rolled out.

Platform availability

NymVPN alpha is currently compatible with Linux, macOS, Android, and Windows.

iOS capabilities will be available in coming weeks.

Alpha features

Alpha users can test out the key privacy features of NymVPN. These will be improved upon and supplemented by more robust add-ons in the full launch. Alpha features include:

2-hop dVPN mode, which in coming days will be powered by WireGuard, for fast and robust everyday privacy, ideal for browsing, streaming, and data sharing Noise generating 5-hop mixnet mode for advanced privacy, best for messaging and payments Currently 750+ nodes and gateways in over 25 countries, and many more to come, all operated by the decentralized community of Nym operators

Users can get assistance in using alpha at Nym’s new help center.

What to expect from NymVPN’s full launch

The full launch of NymVPN is projected for late summer to fall 2024. NymVPN will be a paid version with a robust set of additional features:

Security features like a killswitch to prevent data leaks A more robust and pressure-tested mainnet network A variety of payment options, including debit cards and crypto (including NYM) Unlinkability of user payments with their online activity thanks to zk-nyms Split tunneling configurations What’s next

NymVPN is the first mass-market product for normal people to be built upon the Nym mixnet. This has been possible through the community involvement which makes up the network. Rather than relying on the servers of private companies, Nym mixnet owes a lot to the passionate advocates who function as its node operators, alpha testers, and coming beta users.

In the meantime, even if you’re not able to be part of the alpha test for whatever reason, help us spread the word about Nym.

Keep an eye on Nym socials for more news related to the full launch this year, and the Nym blogs for information on the benefits of choosing a noise-generating mixnet over standard VPN.

Join the Nym Community

Discord // Telegram // Element // Twitter

Privacy loves company

English // 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française // Español // Português // 한국인

NymVPN alpha private testing has begun was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.

Thursday, 02. May 2024

bankless

1 Billion Users Onchain | Jesse Pollak of Base

While it's still early in the race, Base is now one of Ethereum’s largest L2s.  In today’s episode, we brought back on repeat guest and co-creator of Coinbase’s L2, Base, Jesse Pollak.  We cover: - How Base plans to bring billions of users onchain - How Base is increasing its scale by 400x - How Coinbase is using Base to be more onchain  - Onchain Summer II ------ 📣 TRANS

While it's still early in the race, Base is now one of Ethereum’s largest L2s. 

In today’s episode, we brought back on repeat guest and co-creator of Coinbase’s L2, Base, Jesse Pollak. 

We cover: - How Base plans to bring billions of users onchain - How Base is increasing its scale by 400x - How Coinbase is using Base to be more onchain  - Onchain Summer II

------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT transporter.io

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2     ⁠  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo  

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku  

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

------ TIMESTAMPS

0:00 Intro 4:41 Base’s First 8 Months 9:23 The Road to 1 Giga Gas Per Second 18:39 Why More Demand For Base?  21:26 Cost to Send Transactions on Base 23:59 Non-Ethereum DA Solution? 25:59 Scaling Via L3s on Base? 27:17 Parallelization Solution? 29:34 Will Base Make Transactions Free? 38:18 Coinbase's Relationship With Base  46:18 Base Is Centralized Critique  50:17 The Base Flywheel 57:46 Onchain Summer II  58:36 Next Target Demo to Come Onchain 1:00:42 Base Independence 1:02:19 1 Billion People Onchain 1:03:25 Closing & Disclosures

------ RESOURCES

Onchain Summer II https://www.base.org/  

Jesse Pollak https://twitter.com/jessepollak  

Jesse’s 1st Base Episode https://youtu.be/7dGU0_eEjq8  

Coinbase https://twitter.com/coinbase  

Base https://twitter.com/base  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 


Sequoia

Partnering with Apex Security: The AI-Empowered Future, Secured

The post Partnering with Apex Security: The AI-Empowered Future, Secured appeared first on Sequoia Capital.
Partnering with Apex Security: The AI-Empowered Future, Secured

Matan, Tomer and their team are helping AI dreams come true—by preventing security teams’ worst nightmares.

By Bogomil Balkansky Published May 2, 2024 Apex Security co-founders Tomer Avni and Matan Derman in the Sequoia London Office.

As the old saying goes, in the midst of every crisis is an opportunity. But in technology, the reverse is often true, as well: every opportunity also creates a crisis. AI is undoubtedly a generational opportunity—a force multiplier for productivity that has quickly become essential for teams to compete, with ChatGPT already in use by at least 92% of the Fortune 500. But AI is also a force multiplier for malicious actors, creating new vectors, and lowering the barrier, for mounting attacks. While the rest of us dream about what AI will enable for the future of our work, security teams are growing increasingly concerned about evolving—and ever-more sophisticated—threats.

When the age of generative AI services began in late 2022, the initial worry—no surprise, considering security professionals’ long-standing dedication to data loss prevention (DLP)—was that sensitive corporate data would leak. In many cases, existing DLP tools proved up to the task. But the focus quickly shifted from the inputs of third-party gen AI tools to their outputs. How, for example, do you ensure that the code generated by your copilot, and then woven into your corporate fabric, does not bring with it compromised open-source dependencies or other vulnerabilities? And beyond these “known unknowns” of gen AI security, there are many unknown unknowns—security risks we’ve yet to imagine.

Apex Security was founded to address those concerns. By providing real-time detection, investigation and response to the cyberattacks that target AI platforms, Apex helps teams resolve the tension between leveraging transformative AI innovations and ensuring robust protection against risks. We get to use our favorite AI tools and models, and security teams get peace of mind.

Co-founders Matan Derman and Tomer Avni are the perfect team for the job. Matan graduated from Stanford GSB and the prestigious leadership training program of the Israeli Defense Forces, Talpiot, where alumni also include founders of Sequoia companies Wiz, Cyera, Oasis Security and Zafran.  Tomer hails from Harvard Business School and MIT. The two met while working at the elite IDF intelligence unit 8200.

Now, Matan and Tomer are putting what they learned through that work, and through dozens of conversations with security executives, into Apex Security. The platform gives security teams full visibility into their organizations’ AI activity, allows them to set and enforce policies around that usage, and monitors both the inputs and outputs of gen AI services, detecting and responding to attacks. It’s become a crucial security layer for AI applications and LLMs used by customers including Fortune 500 companies.

Tomer, Bogomil and Matan at Arc.

It has been a pleasure to get to know Matan and Tomer over the past year as we welcomed them to Arc, Sequoia’s immersion for pre-seed and seed-stage founders, and as they built on Apex Security’s early success. We are proud to lead their seed round and to support them as they continue to grow their product and their team, empowering the companies of the future to swiftly and securely embrace the power of AI.

Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI #Funding announcement Partnering with Zafran: Put Your Defense on Offense News Read Sequoia Open Source Fellowship Applications now open News Read Partnering with Oasis Security: The Stars Align News Read Partnering with Chkk: Your Kubernetes Co-Pilot By Bogomil Balkansky News Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post Partnering with Apex Security: The AI-Empowered Future, Secured appeared first on Sequoia Capital.

Wednesday, 01. May 2024

bankless

Why ConsenSys is Suing the SEC | Joseph Lubin & Matt Corva

“The U.S. is trying to disconnect from Ethereum," that’s what Joe Lubin the CEO of Consensys said in today’s conversation. He was talking about those in power trying to unplug Ethereum from the citizens. The SEC is going after Kraken, Coinbase, Uniswap and Metamask. They’re trying to turn every non-custodial wallet into a broker-dealer. We brought on Joe Lubin, a crypto OG and CEO of Consensys

“The U.S. is trying to disconnect from Ethereum," that’s what Joe Lubin the CEO of Consensys said in today’s conversation. He was talking about those in power trying to unplug Ethereum from the citizens.

The SEC is going after Kraken, Coinbase, Uniswap and Metamask. They’re trying to turn every non-custodial wallet into a broker-dealer.

We brought on Joe Lubin, a crypto OG and CEO of Consensys the company behind a number of massive crypto projects including the popular Metamask wallet, and Matt Corva, the General Counsel at Consensys, leading the charge against the SEC 

Joe and Matt are producing evidence that the SEC is coming after Ethereum itself. Sending discovery requests to Ethereum core developers, threatening their employers - pushing a coordinated effort to claim Ether is a security so they can control it.

So Consensys is taking them to court to settle the issue. If they’re successful it’ll be the first time we get a clear court ruling that Ether is a commodity and not a security.

------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT transporter.io

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2     ⁠  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  

🌐 CARTESI | APPLY FOR A GRANT https://bankless.cc/CartesiGovernance 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo  

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku  

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD  

------ TIMESTAMPS

0:00 Intro 6:35 SEC vs. Ethereum  9:45 The Uniqueness of This Case 11:15 88,000 Pages to the SEC 12:11 SEC Going After Devs?  14:47 The Wells Notice 16:27 ETH ETF 17:58 Outcome of Consensys Winning   21:29 U.S. Law Process & Timeline 25:55 Ether Isn’t a Security 34:50 Gary’s Confidence Conspiracy   41:17 MetaMask Isn’t a Broker Dealer 47:10 What is Prometheum?  51:10 How Can the SEC Win? What Happens to Crypto?  55:49 What the Crypto Community Can Do 59:50 What Happens Next? 1:03:15 Closing & Disclaimers

------ RESOURCES

Consensys Complaint  https://consensys.io/crypto-regulations/defend-ethereum  https://assets.ctfassets.net/gjyjx7gst9lo/Bu1bK7DF3tSig9Atde0lM/2fcaadea2b111a8c3f3ebce4a6a2386c/Consensys_sues_the_SEC_in_defense_of_the_Ethereum_ecosystem.pdf  

Joe Lubin https://twitter.com/ethereumjoseph  

Matt Corva https://twitter.com/MattCorva  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 


a16z Podcast

Can AI Advance Science? DeepMind's VP of Science Weighs In

In recent years, the AI landscape has seen huge advancements, from the release of Dall-E 2 in April 2022 to the emergence of AI music and video models in early 2024. While creative tools often steal the spotlight, AlphaFold 2 marked a groundbreaking AI breakthrough in biology in 2021. Since its release, this pioneering tool for predicting protein structures has been utilized by over 1.7 million s

In recent years, the AI landscape has seen huge advancements, from the release of Dall-E 2 in April 2022 to the emergence of AI music and video models in early 2024.

While creative tools often steal the spotlight, AlphaFold 2 marked a groundbreaking AI breakthrough in biology in 2021. Since its release, this pioneering tool for predicting protein structures has been utilized by over 1.7 million scientists worldwide, influencing fields ranging from genomics to computational chemistry.

In this episode, DeepMind's VP of Research for Science, Pushmeet Kohli, and a16z General Partner Vijay Pande discuss the transformative potential of AI in scientific exploration. Can AI lead to fundamentally new discoveries in science? Let's find out.

 

Resources: 

Find Pushmeet on Twitter: https://twitter.com/pushmeet

Find Vijay on Twitter: https://twitter.com/vijaypande

Learn more about Google DeepMind: https://deepmind.google

Read DeepMind’s AlphaFold whitepaper: https://deepmind.google/discover/blog/a-glimpse-of-the-next-generation-of-alphafold

Read DeepMind’s AlphaGeometry: https://deepmind.google/discover/blog/alphageometry-an-olympiad-level-ai-system-for-geometry

Read DeepMind’s research on new materials: https://deepmind.google/discover/blog/millions-of-new-materials-discovered-with-deep-learning/

Read DeepMind’s paper on FunSearch, focused on new discoveries in mathematics: https://deepmind.google/discover/blog/funsearch-making-new-discoveries-in-mathematical-sciences-using-large-language-models

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


Zcash

ECC’s position on the Zcash Dev Fund

Zcash wasn’t bootstrapped like most other crypto projects. There was no ICO to fill the coffers for years to come. There was no series of large VC raises. It was […] Source
Zcash wasn’t bootstrapped like most other crypto projects. There was no ICO to fill the coffers for years to come. There was no series of large VC raises. It was […]

Source


PIVX

PIVX Perspectives Spotlight Shines on Hans Koning, DAO Specialist and PIVX advisor.

1-Please tell us a little bit about yourself. Am not shy or modest, but honestly feel anything related to blockchain, decentralization and DAOs is not about an individual, least of all me. But can best be described as literally one of the dinosaurs of the ecosystem. Have an interest in almost anything I don’t understand which is probably how I got into blockchain! Apart from new technology I love

1-Please tell us a little bit about yourself.

Am not shy or modest, but honestly feel anything related to blockchain, decentralization and DAOs is not about an individual, least of all me. But can best be described as literally one of the dinosaurs of the ecosystem. Have an interest in almost anything I don’t understand which is probably how I got into blockchain! Apart from new technology I love (random order) travelling, company of friends and family, food, something to wash the food down with, art, politics, economy, society and sports. A moment of happiness is when coming home after a trip crashing on the couch with a cheese sandwich.

2- When and why did you get into cryptocurrency?

This is a bit of a fluid answer I have noticed, and can change depending on setting. Guess we all like to think we were part of the “smart few” who joined early. Reminds me a bit of when people speak about epic events and stuff: 10 million people claim to have attended Woodstock, yet only 10,000 actually did…. So, there’s that! Anyway, my interested started when Bitcoin tipped $ 100 and thought, well there must be something in it. The actually journey of reading up on blockchain, decentralization and thinking of the wider implications started in 2015. Think the ICO boom of 2017 made me first question and challenge the crypto community and started to make me the decentralization and privacy advocate I am today.

3- Why the interest in DAOs?

For me blockchain has always been much, much more than a technology. I always see it as a social fabric, a new way on organizing and managing cooperation. That cooperation I see in a wide context: between organizations, people, computers and a mixture thereof. In a way you could say that after launching the blockchain, the chain will look after itself. People not so much as history shows us regularly. To me the DAO is the core of that cooperation, there where the social aspect of the project comes alive. Perhaps better said as there where community demand meets community supply. And that social aspect can be anything really: cooperation, participation, engagement, involvement in any shape or form YOU choose, be it active, passive, one-off, continuous. That this is possible I find extraordinary, and something that is really missed in today’s society. Say you are really passionate about a specific topic. To express that you need to get involved in an NGO, special interest group, political movement etc. That is a massive hurdle, and assuming you can take that hurdle it is questionable if you can actually voice your thoughts and provide input. And, literally, at what cost? That is where the DAO distinguishes itself, as it provides a vehicle that is permissionless in many, many ways. My passion is to ensure we keep this part of blockchain not only alive but also make sure we develop it into something that meets and suits demand of the ecosystem now and in the future.

4- Hans, could you share some insights into how PIVX has embraced the DAO model and how it has impacted the project’s governance and decision-making processes?

To me the crux of a project is how and when decentralization is embraced. Very important to me is that it is not an afterthought, but has been put centre stage from inception. That is something we see in Bitcoin — still a great standard — but luckily also in many other projects, PIVX included. Personally I also believe an important component of a true DAO is to not try to invent the wheel all over again, and to not make it depending on specific people. That is also something PIVX has embraced, and by doing so set a new standard in the ecosystem. An important part of a DAO is governance and specifically its decision making process. That is a bit of an Achilles heel for many projects. Who can vote, who can table an idea, where comes the funding from? In PIVX everyone can develop a proposal, and that is being voted on by the masternode holders. That is in my view still an issue, as I would love to lower that barrier and be able to include an even wider community to decision making. The “1 Coin 1 Vote” system which PIVX uses a variance of is flawed in that sense, but also seems to be what we have for the moment. To me the low key approach and the wide accessibility of the DAO is what keeps me involved.

5 — What are some notable features or characteristics of PIVX as a DAO that sets it apart from other cryptocurrency projects?

The route PIVX has chosen — community designed governance — is very close to my heart, and again industry leading. PIVX was very lucky to have really smart people making really smart decision when created. In case you are wondering, no, that wasn’t me: I wish! Community designed governance (CDG) is a decentralized form of governance, where decisions that affect the blockchain and the community are made in a decentralized way. That means anyone can make a proposal, express their thoughts, check the validity and necessity of a proposal making everyone a stakeholder if you choose to be one. But although we sometimes thing governance equals decision making, CDG is much more than decision making. It is a way in where values, beliefs and thoughts come together. Perhaps it can be described as that what gives a face to PIVX. In the simplest terms to me the most notable feature it is Proof of Community.

6- How has PIVX leveraged the DAO structure to foster community involvement and ownership?

The already mentioned community aspect of governance combined with the funding structure of PIVX creates an environment that allows wide participation. That is a crucial condition for any project I would say, and often overlooked. Compare this to the corporate world where a company says the customer is key but there is no way to contact them if I want. The infrastructure, the environment needs to be okay first and foremost. PIVX has done that from the onset. Another important component is collectivism: we are all in this because we value decentralization, privacy and feel an alternative tool is needed to facilitate transactions. That collectiveness is a strength for PIVX and is also reflected in the DAO. How else can you have a project operating so successfully by community that is geographically dispersed, often doesn’t each other’s real names, or has ever met each other in person for so many years? That is Proof of Community in actions.

7 -Given your respective interests and expertise in blockchain, decentralization, and governance, what initially sparked your interest in DAOs and why do you believe they hold significant importance in the evolution of the crypto industry and beyond?

The DAO isn’t only the face of the project it is also the heart and soul of it. And the DAO needs to be treated as your body: use it or lose it! That sounds like a cheap one-liner, but that is far from my intention. The Proof of Community aspect is something I value, cherish and want to protect and preserve. That combined with my strong personal belief that blockchain is much more than technology alone made me and keeps me involved. I believe that today’s world and society — perhaps better said our way of cooperation, including the current state of democracy — needs a new, fresh approach. Going back to basic way of cooperating, just you and I, peer to peer, making and living by decentralization, only organizing there where it makes sense, is probably something we could use. The good old coop for instance has addressed and successfully resolved many societal issues in the past like housing, financial inclusion and independence and labor issues. It is in that sense also good to realize decentralization isn’t a new and revolutionary movement but is a useful and proven concept combined with technology. That is exciting, and I want to be part of that.

PIVX Perspectives Spotlight Shines on Hans Koning, DAO Specialist and PIVX advisor. was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


Shade Protocol

Alexandria Unveiled — Shade v2.1

Alexandria Unveiled — Shade v2.1 https://app.shadeprotocol.io/ Greetings community, At Shade Protocol we build Unstoppable Finance — a world of DeFi that is globally accessible, censorship resistant, privacy-preserving, and easy to use. We believe that privacy is the key to unlocking the full value of a decentralized future. Without privacy, we fail to achieve what DeFi is fully capable 
Alexandria Unveiled — Shade v2.1 https://app.shadeprotocol.io/

Greetings community,

At Shade Protocol we build Unstoppable Finance — a world of DeFi that is globally accessible, censorship resistant, privacy-preserving, and easy to use. We believe that privacy is the key to unlocking the full value of a decentralized future. Without privacy, we fail to achieve what DeFi is fully capable of.

Your Money.
Your Data.
Your Decisions.

Shade Protocol has existed for 2+ years — collectively achieving over $350M+ of trading volume on ShadeSwap, 40M+ TVL (at peak), with thousand of daily smart contract interactions.

As referenced in The Preamble — Road to Easy Private DeFi we have set our eyes on making Shade Protocol the easiest to use private DeFi in all of Web3. Additionally, after much user feedback we have decided to begin bundling multiple features and utilities into single upgrades, empowering upgrade packages to be more meaningful and easier to explain to users.

The Upgrade
ALEXANDRIA Upgrade will be released June 18th, 2024 at 8:00 pm. GMT +0
1. Analytics Tab - (TVL, Volume, # of trades, fees accrued, PoL, etc.)
2. Prices Tab - (historical candlestick charts / line charts / etc.)
3. dSHD - (private liquid staking for SHD)
4. Silk Analytics V2 - (SILK peg performance, basket performance, etc.)
5. New pools - (dSHD/USDC, dSHD/SHD, etc.)
6. New SILK collaterals
7. Shade Spartan NFTs

The next upgrade after Alexandria will be released September 18th, 2024. The name of the next upgrade bundle has yet to be revealed, nor has its features.

Analytics Overhaul Early stages of Silk Analytics V2

Across the Shade Protocol suite there are countless pieces of protocol data forming a story that has been previously untold. Information such as Silk collateral backing, peg performance data, protocol wide TVL, volume, # of trades, historical staking APY, etc. The Alexandria Upgrade represents a massive leap forward in visual storytelling — representing half a year of infrastructure overhaul empowering in app story telling that will provide the information and data users need to make informed decisions.

One of the key principles that drive Shade Protocol design decisions is a simple modicum: “…don’t make the user leave the app…”

As we investigated where users are spending their time to make decisions, we realized that block explorers and Coingecko are the two destinations where many users camp out. With the release of the Shade Protocol transaction history, one of these problem was solved (block explorer).

This left us with the need to create an in-app Coingecko esque experience:

Early stage implementation…imagine mainnet / June 18th

You can expect with the release of Alexandria to have the ability to seamlessly scroll through price charts & price tables similar to Coingecko — empowering you to make decisions on the fly without needing to open another tab.

One could even imagine what an overhauled ShadeSwap experience could like in the future with these new features intertwined.

dSHD — Private $SHD Liquid Staking

One of the key decisions users have had to choose while interacting with Shade Protocol is between the choice to stake or become a liquidity provider with their SHD tokens. With the launch of dSHD, users will be able to enjoy yield from both liquidity providing & from staking — unlocking new DeFi strategies and flexibility previously impossible.

dSHD represents the first ever LST for a natively private token; yet another first for Shade Protocol. You can expect major pools to be spun up such as:

dSHD / SHD dSHD/ USDC.noble

Additionally, Shade Protocol is looking to integrate dSHD into a variety of other DeFi protocols throughout the Cosmos — setting up SHD to become the apex private omnichain asset.

Ancient Greek Theme

The parallels between Greek society, the historical city of Alexandria, and the ethos of Shade Protocol are intriguing and rich with significance. Just as ancient Greece was a hub for innovation, philosophy, and intellectual exchange, Alexandria stood as a beacon of knowledge, blending cultures and fostering groundbreaking advancements in various fields. Similarly, Shade Protocol embodies a commitment to innovation and progress within the decentralized finance (DeFi) space, mirroring the spirit of exploration and discovery that defined ancient Alexandria.

The city of Alexandria served as a melting pot for ideas and culture. Similarly, Shade Protocol embraces the free market of ideas — aiming to build a global ecosystem where financial autonomy is not just a possibility, but a reality for all. Through its upcoming Alexandria bundle release and beyond, Shade Protocol continues to forge a path towards a more equitable and decentralized future, echoing the legacy of the great civilizations that came before it.

Shade Spartan “300” NFT Launch Example NFT

The launch of the legendary 300 Spartans is set for May 2024 on Stashh — the whitelist (for a randomized chance to be part of the mint) has begun to be developed.

Curious on how to join the whitelist? Keep your eyes peeled for the following:

Free badge mints Social media tasks Telegram & discord active user account selection

Are you an active community member? Your work shall be noticed, Spartan.

We believe in protecting “Your Money. Your Data. Your Decisions.”
Those who hold Shade Spartans are participants in the fight against centralization, censorship, and digital encroachment.
We are the tip of the spear.
We are the protectors of privacy.
We are Spartans.
Don’t give them an inch.

Stashh - Where Creators and Collectors Connect

Syracuse 0.1 — “The Floating City”

In addition to regularly scheduled bundle upgrades, Shade Protocol will now be releasing monthly Syracuse upgrades starting with 0.1— these are quality of life changes to the Shade Protocol app, smart contracts, & infrastructure that are outside of the scope of official upgrade bundles.

The first Syracuse release (0.1) is set for June 2nd, 2024.

Conclusion

In conclusion, the unveiling of Alexandria and the upcoming launch of Shade Spartan NFTs mark significant milestones in Shade Protocol’s journey towards revolutionizing decentralized finance. Inspired by the legacy of ancient Alexandria and the valor of the Spartans, Shade Protocol stands as a beacon of innovation and financial autonomy in the decentralized landscape.

With its commitment to privacy, ease of use, and continuous improvement through Syracuse upgrades, Shade Protocol is not only shaping the future of DeFi but also empowering individuals to reclaim control over their finances and data. As the community eagerly anticipates the release of Alexandria and beyond, Shade Protocol remains dedicated to its mission of building an unstoppable, decentralized financial ecosystem for all.

Website: app.shadeprotocol.io

Twitter: https://twitter.com/Shade_Protocol

Tuesday, 30. April 2024

RadicalxChange(s)

Tahir Amin: Co-Founder & CEO of I-MAK

In today’s episode, Matt Prewitt engages in a thought-provoking dialogue with Tahir Amin, the Co-Founder and CEO of the Initiative for Medicines, Access, and Knowledge (I-MAK). Together, they delve into the history of the patent and trademark systems – flaws and all, especially within the pharmaceutical realm. Tahir, drawing from his experience as a former intellectual property lawyer turned refor

In today’s episode, Matt Prewitt engages in a thought-provoking dialogue with Tahir Amin, the Co-Founder and CEO of the Initiative for Medicines, Access, and Knowledge (I-MAK). Together, they delve into the history of the patent and trademark systems – flaws and all, especially within the pharmaceutical realm. Tahir, drawing from his experience as a former intellectual property lawyer turned reform advocate, sheds light on how these systems have been manipulated by large corporations to prolong monopolies rather than foster invention. He proposes substantial reforms to address these systemic issues, advocating for a fundamental restructuring of the patent system. This insightful conversation highlights the complexities and challenges within the patent system and the quest for a more just and equitable approach to intellectual property.

Links & References: 

References:

I-MAK World Trade Organization (WTO) "Battle of Seattle" | 1999 Seattle WTO protests History of patent law - Wikipedia Why Intellectual Property Rights? A Lockean Justification Justifying Intellectual Property by Robert P. Merges  Article I, Section 8, Clause 8 of the US Constitution – ArtI.S8.C8.1 Overview of Congress's Power Over Intellectual Property United States Patent and Trademark Office - Wikipedia 33:14 Statstisc Peace and Science - when generics patent When Do Generics Challenge Drug Patents? | C. Scott Hemphill and Bhaven N. Sampat Investing in Ex Ante Regulation: Evidence from Pharmaceutical Patent Examination | NBER | Michael D. Frakes & Melissa F. Wasserman How a Drug Company Made $114 Billion by Gaming the U.S. Patent System - The New York Times The Burden of Patent Thickets – I-MAK 4 Economic evaluation | NICE health technology evaluations: the manual | Guidance Do not get sold on drug advertising - Harvard Health USA and New Zealand | Direct-to-consumer advertising - Wikipedia Biosimilars Basics for Patients | FDABiologics, Biosimilars and Patents: A Beginner's Guide – I-MAK Patent Reform – I-MAK

Bios:

Tahir Amin LL.B., Dip.LP., is a founder and CEO of the Initiative for Medicines, Access & Knowledge (I-MAK), a non-profit organisation working to address the structural power and inequities of the intellectual property (IP) system and how medicines are developed and distributed. He has over 25 years of experience in IP law, during which he has practised with two of the leading IP law firms in the United Kingdom and served as IP Counsel for multinational corporations. His work focuses on re-defining and re-shaping IP laws and the related global political economy to better serve the public interest and commons, by changing the structural power dynamics that allow economic and health inequities to persist. He is a former Harvard Medical School Fellow in the Department of Global Health & Social Medicine, a TED and Echoing Green Fellow. He has served as legal advisor/consultant to many international and intergovernmental organisations, including the Medecines Sans Frontieres, the European Patent Office, World Health Organization, United Nations Environment Programme, and has testified before the U.S. Congress on IP and unsustainable drug prices. 

Tahir’s Social Links:

Tahir Amin (@realtahiramin) / X Initiative for Medicines, Access & Knowledge (@IMAKglobal) / X Tahir Amin - Co-Founder and Chief Executive Officer - I-MAK | LinkedIn

Matt Prewitt (he/him) is a lawyer, technologist, and writer. He is the President of the RadicalxChange Foundation.

Matt’s Social Links:

ᴍᴀᴛᴛ ᴘʀᴇᴡɪᴛᴛ (@m_t_prewitt) / X

Additional Credits:

This episode was recorded and produced by Matt Prewitt.

This is a RadicalxChange Production.

Connect with RadicalxChange Foundation:

RadicalxChange Website @RadxChange | Twitter RxC | YouTube RxC | Instagram RxC | LinkedIn Join the conversation on Discord.

Credits:

Produced by G. Angela Corpus. Co-Produced, Edited, Narrated, and Audio Engineered by Aaron Benavides. Executive Produced by G. Angela Corpus and Matt Prewitt. Intro/Outro music by MagnusMoone, “Wind in the Willows,” is licensed under an Attribution-NonCommercial-ShareAlike 3.0 International License (CC BY-NC-SA 3.0)


Horizen - Blog

How to Vote on ZenIPs using Your Staked $ZEN

This quick guide is meant to help you go over the simple steps to vote on ZenIPs.FAQ1. How much voting power do I have?Your voting power is a sum of the following criteria:$ZEN in your EON wallet.$ZEN in your linked mainchain wallet.The total amount of $ZEN that was delegated to forger nodes from your EON […] The post How to Vote on ZenIPs using Your Staked $ZEN appeared first on Horizen Blog

This quick guide is meant to help you go over the simple steps to vote on ZenIPs.

FAQ

1. How much voting power do I have?

Your voting power is a sum of the following criteria:

$ZEN in your EON wallet. $ZEN in your linked mainchain wallet. The total amount of $ZEN that was delegated to forger nodes from your EON Wallet.

Please note that Horizen uses Snapshot for voting. This means that your voting power will be a total of the items above at a specific block height on EON. If token values change after that specified block height it will not be included in your voting power. 

2. How do I link my mainchain wallet to my EON address? 

Being that many users prefer to keep their $ZEN on Horizen’s mainchain we’ve made it possible to vote on proposals while keeping $ZEN on the mainchain. Please use the following guide to link your mainchain and EON addresses: https://docs.horizen.io/governance/voting_process/linking_mainchain_address

3. Do I have to do anything if I stake $ZEN to a forger node to vote on proposals?

No. As long as you are using the same wallet which was used to delegate stake, your voting power will include all $ZEN that is staked to forger nodes.

How do I vote on ZenIPs using my staked $ZEN?

Voting is done on Snapshot using Horizen EON. 

Go to the Horizen Foundation Snapshot page: https://snapshot.org/#/horizenfoundation.eth Make sure to join the Horizen Foundation as a member on Snapshot.  Connect your wallet. Choose a proposal you would like to vote on. Read through the proposal and look at the possible voting options.  Select a choice, you will be asked to sign a message with your wallet to vote on the proposal (this does not incur any gas fees).

We look forward to the continuous participation of our community and stay tuned as many exciting things are on the Horizen!

The post How to Vote on ZenIPs using Your Staked $ZEN appeared first on Horizen Blog.


Circle Blog

Web3 Services: April 2024 Updates

April’s updates include powerful tools for builders to streamline app development with Web3 Services, including our new in-console faucet for testnet tokens and React Native SDK for user-controlled wallets. Learn more below.

April’s updates include powerful tools for builders to streamline app development with Web3 Services, including our new in-console faucet for testnet tokens and React Native SDK for user-controlled wallets. Learn more below.


Zaisan

Making Your Business Sustainable Using Blockchain

As businesses and organisations continue growing and expanding, prioritising environmental sustainability is becoming increasingly important. One way to do this is by implementing blockchain technology into your business. Let’s dive deeper! Why Your Business Should Adopt Blockchain for Environmental Sustainability Blockchain is a decentralised digital ledger. Blockchain technology allows for the s

As businesses and organisations continue growing and expanding, prioritising environmental sustainability is becoming increasingly important. One way to do this is by implementing blockchain technology into your business. Let’s dive deeper!

Why Your Business Should Adopt Blockchain for Environmental Sustainability

Blockchain is a decentralised digital ledger. Blockchain technology allows for the secure recording and verification of transactions without a central authority. This technology can potentially revolutionise how businesses operate, namely by making them more environmentally friendly. By using blockchain to support eco-friendly practices and renewable energy, your business can play a key role in creating a more sustainable future. Outside of the obvious benefits for the environment, it can also help propel your business forward in different ways.

How Blockchain Can Help Your Business Go Green

Multiple ways exist in which blockchain technology can help your business go green. Summarised below are some of the main ways in which blockchain technology can make an impact:

Tracking and verifying environmentally responsible practices Facilitating the exchange of renewable energy Blockchain-powered waste management systems Creating and managing carbon credits Using Blockchain To Track and Verify Environmentally Responsible Practices

One way that blockchain can help is by enabling the tracking and verification of environmentally responsible practices. For example, by using blockchain technology, a supply chain can track the origin and journey of products, ensuring that they are produced using sustainable methods.

This level of transparency can help consumers make more informed choices about the products they purchase. Moreover, it encourages businesses to adopt eco-friendly practices to maintain their reputation. Additionally, the use of blockchain can help businesses detect and prevent fraud, such as the sale of counterfeit or environmentally damaging products.

In this way, blockchain can help promote environmental responsibility and sustainability within the business community. By enabling more transparent and accountable business practices, blockchain technology can support the development of a more sustainable and environmentally friendly economy.

Facilitating the Exchange of Renewable Energy Using Blockchain

Blockchain can also be used to facilitate the exchange of renewable energy. It ensures renewable energy can be tracked, traded, and sold securely and transparently. This can help create a more efficient and reliable renewable energy market, as well as enable individuals and businesses easy access and use renewable energy. 

Additionally, the use of smart contracts on the blockchain can automate the process of buying and selling renewable energy. This makes it even more convenient and efficient. Overall, the use of blockchain in the renewable energy industry can greatly accelerate the transition to a more sustainable and environmentally friendly energy system that is less reliant on fossil fuels.

Using Blockchain To Create and Manage Carbon Credits

Another way in which blockchain technology can help businesses become more environmentally friendly is by enabling the creation and management of carbon credits. Carbon credits are a way for businesses to offset their carbon emissions by supporting renewable energy projects or other initiatives that reduce greenhouse gas emissions.

Source: Shell

Through blockchain, businesses can create and trade carbon credits transparently and securely. This allows for the efficient and cost-effective management of carbon emissions. It provides businesses with a way to offset their environmental impact. Furthermore, blockchain can help ensure the integrity and verifiability of carbon credits, making it easier for businesses to demonstrate their commitment to sustainability.

Overall, the use of blockchain for carbon credit management can support the transition to a low-carbon economy. Therefore, it can help businesses reduce/offset their environmental impact.

Blockchain-Powered Waste Management Systems

In addition to the previous benefits, blockchain technology can also help improve supply chain efficiency, reducing waste and enabling more transparent and accountable business practices through creating decentralised waste management systems. 

In a decentralised waste management system, blockchain can be implemented to track and verify the disposal of waste materials. This can help to ensure that waste is disposed of sustainably and responsibly, reducing the environmental impact of waste. Additionally, one can use blockchain technology to incentivise sustainable waste disposal practices, such as recycling and composting. For example, businesses and individuals could be rewarded with tokens or other digital assets for properly disposing of waste.

Furthermore, the use of blockchain can help to improve the efficiency of waste management systems. By securely and transparently tracking waste materials, blockchain can help to reduce waste and prevent fraud, such as the illegal dumping of waste materials. Thus, aiding in making waste management systems more cost-effective and sustainable.

Blockchains Do Not Have To Consume Tons of Energy

But what about the energy consumption of blockchains in general? It is true that many blockchain protocols, such as the one used by the Bitcoin network, rely on energy-intensive proof-of-work consensus mechanisms. This means that validating transactions and adding them to the blockchain requires a large amount of computing power. However, it is important to note that not all blockchain protocols operate this way.

There are also blockchain protocols that use different kinds of consensus mechanisms, such as the delegated proof-of-stake consensus mechanism, which is much more energy efficient. In a delegated proof-of-stake system, the token holders are constantly voting on “delegates”. The delegates who have the most votes at any certain point in time run the blockchain and validate transactions.

As a result, delegated proof-of-stake systems are much more energy-efficient and scalable than proof-of-work systems. They do not require a large amount of computing power to validate transactions. This makes them a more environmentally friendly and viable option for businesses and organisations that want to use public or private blockchains and require high scalability.

Conclusion

Implementing blockchain technology into your enterprise may require significant investment and resources. However, the long-term benefits of environmental sustainability and improved efficiency are well worth the effort. By utilising blockchain to support eco-friendly practices and renewable energy, your enterprise can play a key role in creating a more sustainable future.

If you want to learn more about how your enterprise can use blockchain technology, schedule a call with us.

The post Making Your Business Sustainable Using Blockchain appeared first on Zaisan.

Monday, 29. April 2024

bankless

$EIGEN Token Announcement With Sreeram Kannan and Robert Drost

Eigenlayer token details are here! Don’t call it an Airdrop - This is a Stakedrop — because that’s the only thing you can do with your EIGEN tokens out of the gate.  15% of the total Supply of Eigen distributed over multiple Seasons, Season 1 starts today with 5% of the supply, and one of the most sophisticated set of smart contracts on Mainnet. EIGEN is not your typical ERC20 token. It’s g

Eigenlayer token details are here! Don’t call it an Airdrop - This is a Stakedrop — because that’s the only thing you can do with your EIGEN tokens out of the gate. 

15% of the total Supply of Eigen distributed over multiple Seasons, Season 1 starts today with 5% of the supply, and one of the most sophisticated set of smart contracts on Mainnet. EIGEN is not your typical ERC20 token. It’s got this feature called “Intersubjective Forking” that increases the scope of what Eigenlayer can provide security for. 

In addition to the token details getting released, we’re also getting the Eigen Foundation, with a new director Robert Drost - who joins Sreeram today to walk us through everything you need to know.

Foundation Page: https://eigenfoundation.org/ 

Claims Page: https://claims.eigenfoundation.org/  ------ 🏹 USE PODCAST24 FOR 10% OFF  https://bankless.cc/Citizen2024  ------ 🎧 Listen On Your Favorite Podcast Player:  https://bankless.cc/Podcast  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🔐 SAFE | USE SAFE, GET REWARDED https://bankless.cc/SafePass_pod 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD 

------ TIMESTAMPS  00:00:00 Start 00:03:39 What is a Stakedrop? 00:08:51 Allocation Details 00:15:53 Phase 1 and Phase 2 00:19:38 Locked Token Utility 00:24:30 When Are Tokens Unlocked? 00:31:04 Intersubjective Forking 00:36:30 Building WWIII Resistance 00:42:15 History Behind Their Decision 00:53:03 Eigenlayer Foundation 00:56:38 Future of Points 00:58:38 US Citizens Blocked 01:01:47 Token Allocation Thoughts 01:05:10 What's Next?

------ RESOURCES Foundation Page: https://eigenfoundation.org/ 

Claims Page: https://claims.eigenfoundation.org/ 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 


Circle Blog

How Programmable Wallets & Debit Cards can Enable USDC Fiat Payments

 

 


Zcash

ECC: Ending the Zcash trademark agreement will increase decentralization and resilience

The novel Zcash Trademark and License Agreement was the first of its kind. Electric Coin Co. (ECC) and Zcash Foundation (ZF) created it, among other reasons, to ensure that any […] Source
The novel Zcash Trademark and License Agreement was the first of its kind. Electric Coin Co. (ECC) and Zcash Foundation (ZF) created it, among other reasons, to ensure that any […]

Source


bankless

$3 Trillion in Stablecoins by 2030 | Jeremy Allaire, USDC Founder

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-jeremy-allaire-interview  ------ Joining the podcast today we have the man behind the largest US based stablecoin, Jeremy Allaire, the Founder of USDC Circle. A year ago USDC depegged in the face of major banks like SVB and Silvergate collapsing. How did Jeremy deal with that? What year is crypto in

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-jeremy-allaire-interview 

------ Joining the podcast today we have the man behind the largest US based stablecoin, Jeremy Allaire, the Founder of USDC Circle.

A year ago USDC depegged in the face of major banks like SVB and Silvergate collapsing. How did Jeremy deal with that? What year is crypto in internet years? Why don’t we have a venmo for crypto yet? Fast forward to 2030, what’s the total value of stablecoins?

Stay tuned because we ask all that and much more.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum   

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle

🔐 SAFE | ATTEND SAFE{CON} https://conf.safe.global/ 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD 

------ TIMESTAMPS

0:00 Intro 5:47 SVB Crisis Reflections 24:00 Crypto Age in Internet Terms 31:15 The Future of Stablecoins 41:42 The Crypto Venmo 56:18 Blackrock’s BUIDL Fund 1:01:44 US Government 1:16:35 USDC vs Tether 1:22:00 Central Bank Stablecoins 1:28:14 Regulatory Protectionism 1:32:25 Closing Thoughts

------ RESOURCES

Jeremy Allaire https://twitter.com/jerallaire  

USDXX - What backs a USDC? https://www.blackrock.com/cash/en-us/products/329365/circle-reserve-fund  

Circle https://www.circle.com/en/  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠  


Nym - Medium

Nym teams up with the Optimism ecosystem

Upcoming AMA on using the Superchain with Nym privacy Nym is excited to offer NymVPN for the the Optimism ecosystem. Its members will be among the first to test out the new VPN built on the Nym mixnet. This a significant step forward in the realm of online privacy and security. L 中文 // Türkçe // Tiếng Việt // 日本 // Française // 한국인 What is Optimism? For those unfamiliar, Optimism is
Upcoming AMA on using the Superchain with Nym privacy

Nym is excited to offer NymVPN for the the Optimism ecosystem. Its members will be among the first to test out the new VPN built on the Nym mixnet. This a significant step forward in the realm of online privacy and security.

L 中文 // Türkçe // Tiếng Việt // 日本 // Française // 한국인

What is Optimism?

For those unfamiliar, Optimism is building the Superchain, a network of OP Chains all built on the OP Stack. The Optimism Collective is a group of companies, communities and citizens united by Optimism and committed to building a more open internet by scaling Ethereum’s technology and values. On the tech side, the OP Stack codebase provides an open source, MIT Licensed standard for scaling Ethereum.

Optimism’s values are driven in part by Retro Funding, an innovative approach to supporting the development of public goods with profits generated by the network.

Optimism aims to dramatically increase Ethereum’s throughput via L2 scaling, all while maintaining Ethereum’s commitment to security and decentralization. Optimistic roll-ups operate under the assumption that transactions are valid by default, avoiding the need for immediate validity proofs to be computed and committed to the chain. This approach ensures scalability by deferring validation until a transaction is challenged or disputed, offering an efficient solution for processing Ethereum transactions.

What does this partnership mean for you?

To explore the many privacy-enhancing projects of both Optimism and Nym, and what they can do together, we will be hosting an AMA session on 9 May 2024. You’ll have the opportunity to engage directly with the minds behind the platforms. This is your chance to ask questions, gain insights, and learn more about the exciting developments shaping the future of blockchain technology and online privacy.

But that’s not all. As a token of our appreciation for the support and enthusiasm of the members of the Optimism ecosystem, users will be granted early access to NymVPN. This cutting-edge VPN offers unparalleled privacy protection, ensuring your online activities remain secure and anonymous.

Why NymVPN?

NymVPN represents the next generation of privacy tools, designed to empower individuals with control over their digital footprint. Whether you’re browsing the web, accessing sensitive on-chain information, or communicating with others online, NymVPN helps ensure your data remains private and protected.

With features like a decentralized and zero-knowledge infrastructure, multi-hop default routing, and a robust 5-hop mixnet mode for extra sensitive activities, NymVPN is setting a higher standard for online privacy. In an increasingly connected world where everyone’s user data and privacy are threatened, this could not come at a more urgent time. And now, through our partnership with Optimism Foundation, their users now have the opportunity to experience the future of privacy firsthand.

Join us in shaping the future of privacy

We invite you to join us on this exciting journey as we explore new frontiers in privacy and security. Be sure to mark your calendars for the upcoming AMA session on 9 May 2024 and stay tuned for more details on how to get early access to NymVPN.

Together, we’re redefining the way the world views privacy, one partnership at a time. Thank you for being a part of this transformative moment, and we can’t wait to share more updates with you soon!

Join the Nym Community

Discord // Telegram // Element // Twitter

Privacy loves company

English // 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française // Español // Português // 한국인

Nym teams up with the Optimism ecosystem was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.

Saturday, 27. April 2024

RadicalxChange(s)

Indy Johar: Architect and Co-Founder of Dark Matter Labs

In this final episode of our short series, host Matt Prewitt speaks with Indy Johar, architect and co-founder of Dark Matter Labs. Together they discuss the topic of ownership through the lens of theories of governance. Indy advocates for decentralized protocols in property governance, emphasizing complex contributions and contextual responsiveness – moving away from control-oriented systems towar

In this final episode of our short series, host Matt Prewitt speaks with Indy Johar, architect and co-founder of Dark Matter Labs. Together they discuss the topic of ownership through the lens of theories of governance. Indy advocates for decentralized protocols in property governance, emphasizing complex contributions and contextual responsiveness – moving away from control-oriented systems towards ennobling frameworks that empower individuals and foster deeper engagement.

RadicalxChange has been working with Indy Johar and Dark Matter Labs, together with Margaret Levi and her team at Stanford, on exploring and reimagining the institutions of ownership.

This episode is part of a short series exploring the theme of What and How We Own: Building a Politics of Change.

Read more in our newsletter What & How We Own: The Politics of Change | Part III.

Links & References: 

References:

The Code of Capital | Princeton University Press by Katharina Pistor Daniel Schmachtenberger: Steering Civilization Away from Self-Destruction | Lex Fridman Podcast #191 Partial Common Ownership | RxC Wiki [The Bellagio Model: an evidence-informed, international framework for population-oriented primary care. First experiences] Hayekian economic policy - ScienceDirect James Lovelock - Wikipedia The Economics of Care | Elizabeth Hill 

Bios:

Indy Johar (he/him) is an architect, co-founder of 00 (project00.cc), and most recently Dark Matter Labs.

Indy, on behalf of 00, has co-founded multiple social ventures from Impact Hub Westminster to Impact Hub Birmingham. He has also co-led research projects such as The Compendium for the Civic Economy, whilst supporting several 00 explorations/experiments including the wikihouse.cc, opendesk.cc. Indy is a non-executive director of WikiHouse Foundation & Bloxhub. Indy was a Good Growth Commissioner for the RSA, RIBA Trustee, and Advisor to Mayor of London on Good Growth, The Liverpool City Region Land Commissioner, The State of New Jersey - The Future of Work Task Force - among others.

Most recently he has founded Dark Matter - a field laboratory focused on building the institutional infrastructures for radicle civic societies, cities, regions, and towns.

Dark Matter works with institutions around the world, from UNDP (Global), Climate Kic, McConnell (Canada), to the Scottish Gove to Bloxhub (Copenhagen)

He has taught and lectured at various institutions including the University of Bath, TU-Berlin; Architectural Association, University College London, Princeton, Harvard, MIT, and New School.

He writes often on the https://provocations.darkmatterlabs.org

Indy’s Social Links:

Indy Johar (@indy_johar) / X Indy Johar - London, United Kingdom, Project00.cc | about.me Indy Johar – Medium

Matt Prewitt (he/him) is a lawyer, technologist, and writer. He is the President of the RadicalxChange Foundation.

Matt’s Social Links:

ᴍᴀᴛᴛ ᴘʀᴇᴡɪᴛᴛ (@m_t_prewitt) / X

Additional Credits:

This episode was recorded and produced by Matt Prewitt.

This is a RadicalxChange Production.

Connect with RadicalxChange Foundation:

RadicalxChange Website @RadxChange | Twitter RxC | YouTube RxC | Instagram RxC | LinkedIn Join the conversation on Discord.

Credits:

Produced by G. Angela Corpus. Co-Produced, Edited, Narrated, and Audio Engineered by Aaron Benavides. Executive Produced by G. Angela Corpus and Matt Prewitt. Intro/Outro music by MagnusMoone, “Wind in the Willows,” is licensed under an Attribution-NonCommercial-ShareAlike 3.0 International License (CC BY-NC-SA 3.0)

Friday, 26. April 2024

a16z Podcast

Next-Gen Gaming: AI Souls, Real-time Culture, Personalized Avatars

Over 3,700 companies applied to a16z’s SPEEDRUN. In this episode, we meet the founders pushing the boundaries of what games can be. From the fusion of traditional gaming elements with modern tech-twists, a16z General Partner Andrew Chen and Partner Josh Lu discuss the challenges and wins of creating games that are not only fun but also integrate seamlessly into the digital age, from AI-twins to g

Over 3,700 companies applied to a16z’s SPEEDRUN. In this episode, we meet the founders pushing the boundaries of what games can be.

From the fusion of traditional gaming elements with modern tech-twists, a16z General Partner Andrew Chen and Partner Josh Lu discuss the challenges and wins of creating games that are not only fun but also integrate seamlessly into the digital age, from AI-twins to games that “move at the speed of culture”. 

Whether you’re a developer, an enthusiast, or just curious about the future of interactive entertainment, this episode provides a glimpse into how today's creators use creativity and technology to captivate.

If you're passionate about shaping the future of gaming, consider applying for SPEEDRUN 3.0 at a16z.com/speedrun3.

 

Resources: 

Submit your SPEEDRUN 3.0 application: https://a16z.com/speedrun-la-2024

Find Andrew on Twitter: https://twitter.com/andrewchen

Find Josh on Twitter: https://twitter.com/JoshLu

Learn more about Avi and Magic Circle: https://twitter.com/aviromanoff

Learn more about Lil Snack: https://www.lilsnack.co

Learn more about Neon Wild: https://www.neonwild.com

Learn more about Open Souls: https://www.opensouls.studio

Learn more about Altera: https://altera.al

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


bankless

ROLLUP: CZ to Jail? | Consensys sues SEC | IRS vs. Crypto | USDT in Telegram

Bankless Friday Weekly Rollup Last Week Of April ------ 🔐 SAFE | USE SAFE, GET REWARDED. CHECK OUT SAFE PASS https://bankless.cc/SafePass_pod  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠   🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo  ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/A

Bankless Friday Weekly Rollup Last Week Of April

------ 🔐 SAFE | USE SAFE, GET REWARDED. CHECK OUT SAFE PASS https://bankless.cc/SafePass_pod 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🔐 SAFE | USE SAFE, GET REWARDED https://bankless.cc/SafePass_NL 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD 

------ TIMESTAMPS & RESOURCES

0:00 Intro

4:19 Markets - Thanks Kraken

5:39 Total Crypto Market Cap

5:46 L2 Update - Brought to you by Mantle https://l2beat.com/scaling/costs 

7:42 10M active wallets are using Ethereum ecosystem every week!  https://twitter.com/RyanSAdams/status/1782756457915506876 

8:19 Base is the #2 chain for USDC Supply - Coinbase trying make a payment chain https://vxtwitter.com/jessepollak/status/1783503518156136498 

9:48 ENTER RUNES Runes changed the game for a day  https://twitter.com/mikealfred/status/1781684678782791830  https://www.okx.com/web3/marketplace/runes?channelid=ACEAP6502255  https://twitter.com/ercwl/status/1782029205770744125?s=46  https://twitter.com/hlopez_/status/1781501372200059336  https://ycharts.com/indicators/bitcoin_average_transaction_fee 

22:56 ETF INFLOWS: The inflows into BTC spot ETFs are not back yet  https://twitter.com/carpenoctom/status/1783327357652042187  https://x.com/EricBalchunas/status/1782740051929006496  https://www.coindesk.com/business/2024/04/20/grayscale- reveals-015-fees-for-its-bitcoin-mini-tr  https://twitter.com/thomas_fahrer/status/1781809562070442047 

28:03 Q1 ‘24 income statements for Ethereum and MakerDAO https://twitter.com/tokenterminal/status/1782858613943321016 

33:01 CZ might spend 3 years in prison  https://twitter.com/johnreedstark/status/1783107482325225947  https://twitter.com/rizzn/status/1783199755541066103  https://storage.courtlistener.com/recap/gov.uscourts.wawd.328570/gov.uscourts.wawd.328570.8  https://twitter.com/RyanSAdams/status/1783195468840697896 

40:21 Samourai wallet founders arrested https://twitter.com/RyanSAdams/status/1783222828361281847  https://www.justice.gov/usao-sdny/pr/founders-and-ceo-cryptocurrency-mixing-service-arrested-and-charged-money-laundering  https://x.com/RyanSAdams/status/1783254322894999978 

46:39 Consensys sues SEC https://twitter.com/fintechfrank  

52:56 Renzo announced its token launch!  https://x.com/RenzoProtocol/status/1783277589525594231  https://www.bankless.com/renzo-madness  https://twitter.com/DefiIgnas/status/1783083767449432189  https://twitter.com/dcfgod/status/1782978862772814000?ref=bankless.ghost.io  https://twitter.com/Ian_Unsworth/status/1783163546857099730 

58:57 Telegram allows USDT payments https://twitter.com/ton_blockchain/status/1781294475219812665  https://twitter.com/cstanley/status/1782459974313988281  https://twitter.com/dannypostmaa/status/1783541623839740030 

1:00:17 OP is releasing its multichain upgrade! https://twitter.com/OPLabsPBC/status/1780987940526534943 

1:01:09 Liam Shiba Inu raised $12M for its new chain  https://x.com/treatsforShib/status/1782490407655592242  https://shibarium.shib.io/ 

1:02:32 Lido is starting with DVT - Stake with friends - making lido more decentralized? https://twitter.com/LidoFinance/status/1780317961854636384 

1:04:13 IRS keeps labeling self-custody wallets as brokers  https://twitter.com/valkenburgh/status/1781380879476043940  https://www.irs.gov/pub/irs-dft/f1099da--dft.pdf  https://twitter.com/TheCryptoCPA/status/1781403340045197813  https://twitter.com/jchervinsky/status/1782061785119367284  https://x.com/lex_node/status/1782050294429319545 

1:08:09 Raises and BVC Investments  Movement Series A https://x.com/movementlabsxyz/status/1783511681928175791  Othentic raised $4M in their seed round - RaaS for Eigen Apps https://twitter.com/0xOthentic/status/1782378684369739781 

1:11:23 MEME of the Week https://polymarket.com/event/nic-carter-vs-david-hoffman-Fight?tid=1714065541205  https://x.com/nic__carter/status/1781676895291015477 

1:15:00 Closing & Disclaimers

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

Thursday, 25. April 2024

Greylock Partners

Congratulations, Rubrik! (NYSE: RBRK)

The post Congratulations, Rubrik! (NYSE: RBRK) appeared first on Greylock.

The post Congratulations, Rubrik! (NYSE: RBRK) appeared first on Greylock.


Epicenter Podcast

'Is Tether's USDT Safe?' - Paolo Ardoino

Long regarded as an impending black swan, Tether has successfully weathered out the contagion and bank runs caused by Luna’s collapse in the depths of the 2022-2023 bearmarket. Since then, a large portion of Tether’s reserves has been shifted to treasury bills, which are the closest dollar proxy, positioning Tether among the top 20 holders of T-bills, worldwide. However, navigating the Tether FUD

Long regarded as an impending black swan, Tether has successfully weathered out the contagion and bank runs caused by Luna’s collapse in the depths of the 2022-2023 bearmarket. Since then, a large portion of Tether’s reserves has been shifted to treasury bills, which are the closest dollar proxy, positioning Tether among the top 20 holders of T-bills, worldwide. However, navigating the Tether FUD was not the first rodeo for Paolo Ardoino, as he has also previously led Bitfinex, which successfully recovered after a $72M hack, back in 2016. The worldwide adoption of USDT, especially in emerging markets and developing economies, serves as a testament to Tether’s commitment to create a product with tangible real-life applications.

Topics covered in this episode:

Paolo’s background How Bitfinex succeeded DEX vs. CEX UX Entrepreneurship and company culture Founding Tether and its use cases Expanding Tether’s cross-chain support Tether’s reserves and long-term vision Stablecoin wars: BUSD & USDC Decentralized stablecoins and bank runs The potential of diversifying physical backing Holepunch & Keet - the P2P renaissance Incentivising P2P interactions

Episode links:

Paolo Ardoino on Twitter Tether on Twitter Bitfinex on Twitter Holepunch on Twitter Keet on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Brian Fabian Crain & Friederike Ernst.

Wednesday, 24. April 2024

bankless

Tech Acceleration vs Deceleration: e/acc vs. d/acc debate | Erik Torenberg & Haseeb Qureshi

Erik Torenburg and Haseeb Quereshi join us for today's debate. Should we accelerate or decelerate our tech progress? How about when it comes to something as powerful as AI? This is not just a debate in tech circles - this is a political debate that poised to define the next decade.  We’ve had leaders from both sides of the debate on the podcast - episodes with Elizer Yudkowski and Bef

Erik Torenburg and Haseeb Quereshi join us for today's debate.

Should we accelerate or decelerate our tech progress? How about when it comes to something as powerful as AI? This is not just a debate in tech circles - this is a political debate that poised to define the next decade. 

We’ve had leaders from both sides of the debate on the podcast - episodes with Elizer Yudkowski and Beff Jezos. You’ve heard what they think.

Today’s episode is a discussion and at times a debate on these opinions to help you think through where you stand on this issue - Haseeb Quereshi tends toward the EA side which favors more caution and regulatory intervention around AI while Erik Torenburg tends toward the e/acc side of the issue which favors faster progress and lighter touch.

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ 🔐 SAFE | USE SAFE, GET REWARDED. CHECK OUT SAFE PASS https://bankless.cc/SafePass_NL  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2  ⁠  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🔐 SAFE | USE SAFE, GET REWARDED https://bankless.cc/SafePass_NL 

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku  

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD  ------ TIMESTAMPS 00:00:00 Start 00:03:51 Intro To Haseeb and Erik 00:05:58 Definind EA 00:11:30 Reflecting on EA 00:19:23 Erik's Case For E/Acc 00:23:05 Defining E/Acc 00:27:18 The Problem with E/Acc & Humanism 00:34:20 How Big is This Debate Really? 00:46:31 AI Safety & Regulatory Capture 00:56:39 EA's Political Affiliation 00:59:43 Extinction Risk 01:11:04 Politicizing the Debate 01:19:56 The Pro Tech Case 01:24:08 Productive Tension 01:28:33 AI Ethics vs Safety 01:32:53 Pick a Side

------ RESOURCES Haseeb Qureshi https://twitter.com/hosseeb 

Erik Torenberg https://twitter.com/eriktorenberg 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Tuesday, 23. April 2024

PIVX

PIVX Perspectives Spotlight Shines on Cryptosi, DAO Specialist.

Please tell us a little bit about yourself. I’m Cryptosi, from the UK, been in Crypto since 2012 mostly interested in DAOs, Privacy and NFTs. Away from Crypto I’m a huge Arsenal FC fan and enjoy spending endless hours playing video games. When and why did you get into cryptocurrency? Got into crypto currency in 2012, came across it while delving into different apps on linux and the power o

Please tell us a little bit about yourself.

I’m Cryptosi, from the UK, been in Crypto since 2012 mostly interested in DAOs, Privacy and NFTs. Away from Crypto I’m a huge Arsenal FC fan and enjoy spending endless hours playing video games.

When and why did you get into cryptocurrency?

Got into crypto currency in 2012, came across it while delving into different apps on linux and the power of open source software I was looking into the most popular open source projects and I found Bitcoin as one of them, marrying the power of decentralisation with the importance of money was a no brainer and I was immediately hooked.

Why the interest in DAOs?

My interest in DAOs formed after the split of PIVX from Dash, I was sure Dash had come to the right decision by prioritising regulatory fears over privacy, but I was frustrated that none of the coin holders were polled infact there still is not any proper ways to poll stakeholders within a network, I’m fascinated by the concepts and opportunities around finding concensus in private and decentralised networks and applications.

CryptoSi could you share some insights into how PIVX has embraced the DAO model and how it has impacted the project’s governance and decision-making processes?

PIVX is unique in that its one of the few DAOs in the industry which is truly DAO led, especially now that there is not 1 recognized CORE team. The DAO is self sufficient and has been funding it’s own development for years. There have been some amazing progressions within the DAO itself such as the alliances protocol which remains the only Decentralised partnerships protocol in the world. There is still plenty of work to be done improving the voting model, factors such as one coin one vote and masternode only voting need to be addressed.

What are some notable features or characteristics of PIVX as a DAO that sets it apart from other cryptocurrency projects?

The main notable characteristic is the community, as the coin is so well aged the community all have plenty of experience working within a DAO, this means that drama around proposals is thinning out and people are finding ways to identify their common interests and overcome their differences, this is also allowing people who wouldnt usually be found in cutting edge tech startups to thrive, regardless of nationality, age or political leaning, everyone is seemingly gettin a fair crack of the whip within pivx.

How has PIVX leveraged the DAO structure to foster community involvement and ownership?

PIVX uses the DAO structure to incentivise engagement from various corners of the globe by funding marketing initiatives and tutorials by people from all over the world, in the past PIVX had a huge translations team and ambassador program which was very successful in fostering grass roots engagement and getting people to bring PIVX into their local communities, this is super evident within the Latam and portuguese communities.

Given your respective interests and expertise in blockchain, decentralization, and governance, what initially sparked your interest in DAOs and why do you believe they hold significant importance in the evolution of the crypto industry and beyond?

DAOs are the best way to harness the collective experience and intelligence of the community or the crowd, but also and possibly more importantly they allow a clean and open way to identify stars and mavericks and promote them to powerful positions within the organisation regardless of their so-called ‘experience’, ‘professionalism’ and sometimes purely on their merit.

Many thanks to Cryptosi for sitting down with leacymck for this interview.

To learn more about Cryptosi, an awesome former member of PIVX, founder of Bidify.org and co-founder of Smartreach1, please find him on Twitter at Crypto_SI

PIVX Perspectives Spotlight Shines on Cryptosi, DAO Specialist. was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Monday, 22. April 2024

Horizen - Blog

Horizen DAO: Proposal and voting procedure

Improvement proposals are made to enhance an existing process, address a challenge, or create a new product or service. Their only goal is improvement. At Horizen we call them ZenIPs or EONIPs, depending on the blockchain to which they pertain. Since September 2023, they are voted on by the community From improvement proposals to DAOs […] The post Horizen DAO: Proposal and voting procedure ap

Improvement proposals are made to enhance an existing process, address a challenge, or create a new product or service. Their only goal is improvement. At Horizen we call them ZenIPs or EONIPs, depending on the blockchain to which they pertain. Since September 2023, they are voted on by the community

From improvement proposals to DAOs

Improvement proposals can be submitted by anyone in the community: team members, users, or community participants.

Improvement proposals have been part of Horizen’s governance since the project’s inception, but with the launch of Horizen DAO in 2023, public voting on ZenIPs afforded greater community participation in the process. 

This ZenIP process embodies to the spirit of decentralized governance – anyone in the community can submit a proposal, and proposals require sufficient support from the community to be adopted.

However, it is incumbent upon community members to ensure that they have understand the improvement proposal process to wield this power responsibly. This article aims to help everyone understand that process.

Take part in Horizen

You have many ways to be included in the Horizen ecosystem. By deploying on EON, deploying on Zendoo, marking PRs on Github, hosting a Super Node, hosting or delegating a Forger Node, etc.

You can also submit proposals, and vote on proposals already submitted. First, let’s see what you need to do to make a proposal.

The whole process is exhaustively published on Horizen’s docs website

2 kinds of proposals can be made:

Technical ZenIP/EONIP Non-techinal ZenIP/EONIP

Technical proposals cover changes involving core technology or the governance of the Horizen DAO, and as such have higher thresholds for submitting proposals and achieving a vote quorum. Non-technical proposals cover everything else, such as grants or making agreements with third-party service providers.

The Horizen Foundation and its partners, such as Horizen Labs, can help build and scope the proposals but don’t need to develop the ideas themselves. If you are proposing a technical ZenIP, make sure you can develop the idea or have it developed after scoping the work.
Since ZenIP 42401 passed in March 2024, the threshold and quorum are determined as the following:

TypeThreshold (to post)Quorum (vote to pass)ExamplesTechnical100,000 ZEN 
(previously 200,000)5%
(previously 10%)Removal of privacy, mainchain and sidechains improvementsNon-technical25,000 ZEN
(previously 100,000)3%
(previously 5%)Website branding, next meetups location, grant program

What are the different phases from the idea to its implementation?

Phase 1: Proposal Idea and Research

Broadly speaking, the idea stage is intended to introduce an idea for a potential improvement proposal and gauge community sentiment. The idea stage is made of the first three phases of the ZenIP process.

In the first phase, a community member who has an idea for an improvement proposal should research it and verify whether the concept or similar proposals have previously been explored or suggested.

This phase places the onus entirely on the proposer(s). It is strongly advised to support the proposal with relevant sources whenever possible thoroughly.

Phase 2: Idea Modification

Once a proposer has confirmed that the idea has not been proposed and has completed sufficient research, they publish an idea on Discourse. We recommend using the ZenIP/EONIP template for this phase. 

Phase 3: Community Feedback

Once an idea is posted on Discourse, the community provides feedback.  This phase lasts a minimum of 7 days to ensure sufficient input from other community members. It is important to note that a ZenIP idea is just that – an idea – until put forth as a formal ZenIP.

Phase 4: Proposal Draft Creation

Following the template, the idea must be posted on Github or under the “governance” section on Discourse. In this phase the use of the template is mandatory. The proposal is on the DRAFT status.

Phase 5: Draft Review and Moderator Feedback

The person or people making the proposal have 30 days to answer any moderator’s questions, if any. This delay can be shortened by the moderators.

Phase 6: Administrative Review

The Special Council reviews the proposal, with a maximum of 3 revisions. The DAO Special Council can ask for more clarifications or additional information.

Phase 7: Voting

The vote takes place on Snapshot, a decentralized autonomous organization (DAO) voting platform. You’ll need to follow up on the threshold requirements to post the proposal. The status is moved to PROPOSED.

Phase 8: Cooldown Period

A final 30 days phase commences. The proposal undergoes another review to confirm compliance with the Foundation’s Governing Documents and relevant laws.

Phase 9: Implementation

The idea becomes real. If the technical ZenIP/EONIP includes codes implemented on Github, the PR is merged. If the proposal is budget-related, the necessary funds are transferred. Status is either IMPLEMENTED or FINAL if the idea is also activated on the network.

Foundation moderators or DAO members must remain informed and involved throughout.

It’s possible to delegate voting power on Snapshot, when you publish the ZenIP IDEA or DRAFT, you can create a second topic to ask for delegated funds to post the proposal.

ZenIP naming convention

The revised ZenIP numbering conventions will use a format starting with “424” followed by two unique, sequential digits. Once the number 42499 is reached, the numbering will continue starting from 42500 onwards. This system ensures a cohesive and orderly sequence for all ZenIPs, maintaining a straightforward approach to their identification and categorization.

For the previous ZenIPs, editors used the following conventions when numbering ZenIPs:

All ZenIP numbers are prefixed with a 42 and followed by three digits. E.g. his very first ZenIP has the number 42000. If a ZenIP directly corresponds to a BIP (Bitcoin Improvement Proposal) or ZIP (Zcash Improvement Proposal), the same number is used, but without the prefix “42”. Process and Informational ZenIPs will be assigned a number in the range 42000 to 42199. Consensus ZenIPs will be assigned a number in the range 42200 to 42399. Standard Track ZenIPs will be assigned a number in the range 42400 to 42599. ZenIPs that should or will be deployed together will be numbered consecutively (wherever possible), and in a coherent reading order.

These conventions are subject to change by a majority decision of the Editors.

Express yourself through the vote

Your vote will be weighted regarding the tokens you hold on the Horizen mainchain (the historic one) and/or the Horizen EON chain (the EVM chain).

The vote happens on Snapshot and is done through MetaMask and therefore via the Horizen EON network.

Before going through the tutorial, we assume that the Horizen EON network is well configured on your MetaMask wallet. If not, please follow this guide.

If you already linked your address for a previous vote, then it’s very simple. 

We still advise you to verify if your mainchain address is well-linked on the Horizen Governance app.

If your address is not linked, follow the tutorial here.

When linked, just head to Snapshot on the Horizen governance page, and vote for the proposal when it’s published and available. 

Helpful Links Horizen Foundation on Snapshot Horizen DAO Forum on Discourse Horizen DAO Governance page on Horizen EON Web App How to connect MetaMask Wallet to Horizen EON How to Link Horizen Sphere Addresses with Horizen EON Address Download Sphere Wallet Download MetaMask Additional voting instructions for Multi-sig wallets, non-Sphere wallets, Staked ZEN on a Horizen Node, ZEN Stored on an exchange

If you need assistance, please reach out to us on the Horizen Discord, and be sure to join the Horizen DAO discussion on Discourse! 

The post Horizen DAO: Proposal and voting procedure appeared first on Horizen Blog.


BlueYard Capital

Castelion

Castelion is a defense manufacturing company building the systems America and its partners need to keep liberal democracies safe and deter future wars. The company’s first product is a hypersonic glide vehicle (HGV) for the US Department of Defense. Traditional defense primes such as Lockheed & Raytheon have failed to develop an HGV despite receiving billions of dollars per year in funding for

Castelion is a defense manufacturing company building the systems America and its partners need to keep liberal democracies safe and deter future wars. The company’s first product is a hypersonic glide vehicle (HGV) for the US Department of Defense. Traditional defense primes such as Lockheed & Raytheon have failed to develop an HGV despite receiving billions of dollars per year in funding for the last 20 years. Meanwhile, China & Russia have developed fully operational HGVs, emboldening them to expand their borders militarily.

“To counter this growing threat, and to support democracy for generations to come, America’s defense industry needs new technologies, new manufacturing approaches, and new ideas to stay unequivocally ahead. That’s why we founded Castelion — a new kind of defense manufacturing company.”

The Castelion team comes from SpaceX, where they made substantial contributions, including leading the development of Starlink & Starshield, and billions of dollars in sales to governments.

Our Thesis

Incumbent defense primes will be unable to attract the necessary talent to iterate fast enough to keep up with adversary nations on hypersonic glide vehicles. The SpaceX approach provides the best odds of liberal democracies catching up technologically while also providing venture-scale returns. If Castelion is successful at delivering a cost-effective HGV, they have the potential to apply its development methodology and team to more US Department of Defense capabilities and become a large standalone defense prime.

We are excited to be backing the Castelion team on their mission to build essential hypersonic deterrence systems to keep democracies safe. Read more about their $14.2 million financing here.


bankless

Anthony Pompliano: Bitcoin, Portfolio for 2024, Institutional Adoption & Crypto Tribalism

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-anthony-pompliano-interview  ------ Bankless Nation, we’ve finally got him… Anthony Pompliano is on the show. Pomp is an investor and media personality, best known to the crypto community for his relentless bitcoin evangelism. Expect to learn about the Bitcoin Halving, the state of BTC EwTFs, the co

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-anthony-pompliano-interview 

------ Bankless Nation, we’ve finally got him… Anthony Pompliano is on the show. Pomp is an investor and media personality, best known to the crypto community for his relentless bitcoin evangelism.

Expect to learn about the Bitcoin Halving, the state of BTC EwTFs, the consequential institutional adoption and crypto tribalism. We wrap up the episode with a quick lightning round with Pomp and a peek into his 2024 investment portfolio.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🔐 SAFE | ATTEND SAFE{CON} https://conf.safe.global/ 

------  TIMESTAMPS

0:00 Intro 6:25 Bitcoin Halving 12:07 Institutional Adoption 24:08 Bitcoin ETF Aftermath 34:02 Institutional Dangers 41:49 Bitcoin Evangelism 49:44 Culture Wars 1:03:47 US vs Crypto 1:13:46 Bear Market Learnings 1:16:35 Pomp’s Focus 1:23:04 Pomp’s Portfolio 1:27:48 Lightning Round 1:31:59 Closing & Disclaimers

------ RESOURCES

Anthony Pompliano https://twitter.com/APompliano 

The Pomp Letter https://pomp.substack.com/  

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.

See our investment disclosures here: https://www.bankless.com/disclosures  


a16z Podcast

Why America Must Lead in AI Investment with Senator Young (R-IN)

Senator Todd Young (R-IN) speaks with a16z General Partner Martin Casado about the importance of open innovation and American leadership in AI, and why we need to support AI research at all levels — from the classroom to the war room. In this episode, we distinguish science fiction from science reality in the ever-evolving AI landscape.   Resources: Find Senator Todd Young on Twitter: htt

Senator Todd Young (R-IN) speaks with a16z General Partner Martin Casado about the importance of open innovation and American leadership in AI, and why we need to support AI research at all levels — from the classroom to the war room.

In this episode, we distinguish science fiction from science reality in the ever-evolving AI landscape.

 

Resources:

Find Senator Todd Young on Twitter: https://twitter.com/toddyoungin

Find Martin Casado on Twitter: https://twitter.com/martin_casado

Watch the American Dynamism stage talks on YouTube: https://bit.ly/3IqWn1W

To learn more about the American Dynamism Summit, visit our website: a16z.com/ad-summit

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Saturday, 20. April 2024

Zcash

New Release 5.9.0

zcashd 5.9.0 is a maintenance release that updates dependencies and sets a new end-of-service height to ensure continuity of services. (End-of-service information is available here.) All users are encouraged to […] Source
zcashd 5.9.0 is a maintenance release that updates dependencies and sets a new end-of-service height to ensure continuity of services. (End-of-service information is available here.) All users are encouraged to […]

Source


Panther Protocol

Weekly Update | Panther Protocol

Fellow Panthers, As this week wraps up, we’re excited to share our latest news. This week’s update covers the latest updates regarding our ecosystem and testnet development. Ecosystem updates Alpha Protection Through Privacy: A Web3 privacy primitive for DeFi Did you miss Panther Co-Founder and CEO

Fellow Panthers,

As this week wraps up, we’re excited to share our latest news. This week’s update covers the latest updates regarding our ecosystem and testnet development.

Ecosystem updates Alpha Protection Through Privacy: A Web3 privacy primitive for DeFi

Did you miss Panther Co-Founder and CEO Oliver Gale’s presentation at last week’s ETHDam conference? Don’t worry, we have you covered. Read our latest blog for a recap. 

Panther’s CTO, Anish Mohammed, on Proof of Podcast

This week, our Co-Founder and CTO, Anish Mohammed, joined Hake from the Proof of Podcast to discuss tokenomics design and cryptography.

Panther’s CEO, Oliver Gale, at ETH Dam

Our Co-Founder and CEO, Oliver Gale, was on the stage at Crypto Canal’s ETHDam on April 13 to share his insights on alpha protection through privacy for DeFi users.

Product updates. Testnet re-deployment on Ethereum Sepolia

As the Mumbai testnet has ceased operations, Panther will deploy the testnet to Ethereum Sepolia network next week. We will publish more details on how to test and receive test rewards on Sepolia in our docs next week. 

Stage 6 developments

Stage 6 of the testnet dApp includes fee management and basic disclosures. Development for Stage 6 is complete and currently under testing. The team plans to release Stage 6 for community testing later this month. 

Stage 7 development

Stage 7 of the testnet dApp includes DeFi swaps, advanced disclosures, other supported assets, and canary deployment (use of real tokens). The team is working on Stage 7 parallel to Stage 6 and Enhancement Stage 2. We are working on UI/UX development and integration with different DeFi tools, including Uniswap, and expects to release Stage 7 for community testing in the first week of May.

About Panther

Panther Protocol is a cross-protocol layer that uses Zero-Knowledge technology to build DeFi solutions that aim to meet ever-evolving regulatory standards while satisfying users’ on-chain data privacy needs. Panther’s goal is to enable seamless access to DeFi via a cross-chain-supported ZK compliance protocol. Panther Protocol offers confidentiality across transactions in Shielded Pools; zSwap for DeFi integrations — enabling private swaps on third-party DEXs; and zTrade for internal OTC book for trading assets privately. Furthermore, Panther Protocol’s Zero-Knowledge primitives are generalizable to KYC, selective disclosures between trusted parties, private ID, voting, and data verification services.

Website · One-pager · Lite Paper · Twitter · Telegram · Discord


Alpha Protection Through Privacy: A Web3 privacy primitive for DeFi

Did you miss Panther co-founder and CEO Oliver Gale’s presentation at last week’s ETHDam conference? Don’t worry, we have you covered.  The session, “Alpha Protection Through Privacy: A Web3 privacy primitive for DeFi,” explored the $2.6T problem of open blockchain

Did you miss Panther co-founder and CEO Oliver Gale’s presentation at last week’s ETHDam conference? Don’t worry, we have you covered. 

The session, “Alpha Protection Through Privacy: A Web3 privacy primitive for DeFi,” explored the $2.6T problem of open blockchain privacy and Panther Protocol’s solution. A recap of the presentation follows. 

Pseudonymity: A $2.6 trillion problem

Open ledgers are supposed to be a good thing. They help to ensure that users can’t commit fraud, prevent duplicate transactions, and more. All of these things are true and important, but until now, they have come at the expense of another basic human need: privacy. On pseudonymous blockchains, if a third party can link a wallet address to a user, they can follow, measure, and use the complete transaction history associated with that wallet address. Every transaction. 

This is wrong. Although we recognize blockchain technology’s enormous benefits, financial privacy should be a fundamental human right. 

And it’s a huge problem. Of the approximately $2.6 trillion invested in crypto, all but a relatively tiny amount is on public blockchains. 

Your Data is YOUR Data

The problem with pseudonymous blockchains goes beyond third parties monitoring your spending habits: your data is valuable– and it should be YOUR data. Europe’s General Data Protection Regulation (GDPR) reflects a broader shift in how we perceive ownership of information. Just as it set a benchmark for consumer privacy and control, DeFi users should have ownership of their data both as a personal matter and because there is value in your data. 

This is especially true for high-volume traders and institutions, who risk having others copy their trades, their “alpha,” and their strategy. 

The “solution” created a new problem.

The reaction to this problem to date has been the creation of privacy protocols, which sever the link between wallet and on-chain public ledger, using a variety of technologies. Unfortunately, this causes a new problem: compliance hurdles. Tornado Cash is a prototypical example of how severing the link between the public chain and wallet alone is not a viable solution to privacy. Tornado Cash has been accused of facilitating money laundering and sanctioned by the U.S. Treasury, among actions from other regulators. If DeFi is going to welcome a new era of mainstream adoption, it is clear that privacy protocols also need to enable compliance. In fact, regulators, including the U.S. Treasury have specifically called this out as a market need

Market requirements for any solution

Greenfield Capital’s Report on Reviving Transaction Privacy: Approaches To Combat Compliance And Usage Challenges covers this exact issue. In the report, they recognize the enormous potential of removing a major obstacle to mainstream DeFi adoption by enabling compliance and privacy simultaneously. They state that any such solution would need to keep bad actors from abusing the system, especially through KYC, and that it would need to navigate regulatory ambiguity, given that regulatory requirements may vary from one jurisdiction to another, giving the Travel Rule as an example. The Travel Rule is a regulatory mandate by the Financial Action Task Force (FATF), an intergovernmental organization formed by the G7 to combat money laundering and terrorism financing, which requires cryptocurrency exchanges and other virtual asset service providers to share specific transaction details of the parties involved in transfers​.

Greenfield also points out that success for any protocol hinges on: 

Providing sufficient value relative to any fees associated with its use (keeping gas relatively low). Ensuring there is a large enough anonymity set to keep transactions private. Integration with existing DeFi protocols: Users are unlikely to use protocols that don’t enable use across the most popular tokens and chains.  Enter Panther Protocol

Panther Protocol will add a privacy layer to blockchain transactions and DeFi applications. Using advanced cryptographic techniques, including zkSNARKs, the protocol will provide users with the ability to preserve their privacy while also enabling them to disclose data to whoever they choose. Flagship features include: 

Preservation of privacy: Panther’s Shielded Pool technology will help to preserve your privacy by separating your transactions from the public ledger, safeguarding your identity.  Control over your data: Enable KYC validations without exposing your personal details. Our Zero-Knowledge proof-based technology will let you choose exactly who can see your identity and transaction history.   Panther’s DeFi adapters will facilitate seamless integration with existing DeFi protocols, ensuring privacy without sacrificing functionality and allowing users to engage with DeFi platforms while keeping their transactions private. Decentralized Identity: Your zAccount will act as a decentralized ID that helps safeguard your personal details, allowing you to make crypto transactions while protecting your identity. Modular and expandable: Zones will offer customization for asset lists, user lists, transaction limits, and DeFi application access.

For more detailed information about Panther Protocol, please click here

Competitive Landscape

Greenfield identifies 11 elements that can enable the solution to the issue of privacy in blockchain. Panther’s model includes all of these, with the exception of compliance committees, which is by design and not necessary for Panther’s privacy preservation and compliance enablement. 

Panther is also one of only two projects in Greenfield’s report that includes KYC in its model, which is a requirement in nearly every major jurisdiction. 

How to get involved

If you are interested in helping Panther usher in a new era of DeFi adoption where your right to privacy is respected, we would love you to join us: 

Have coding skills? Explore our open-source code on GitHub to see how the zMiner dApp works and contribute to its development. Participate in Panther Improvement Proposals through the Panther DAO. Have a say in the future enhancements of our platform by participating in Panther Improvement Proposals through our decentralized autonomous organization (DAO). Learn more here.  Join the V1 Launch. Be among the first to access our mainnet launch by following us on our social media:  X, LinkedIn, Telegram, and Discord. About Panther Protocol

Panther Protocol is a cross-protocol layer that uses Zero-Knowledge (ZK) technology to build DeFi solutions that aim to meet ever-evolving regulatory standards while satisfying users’ on-chain data privacy needs. Panther’s goal is to enable seamless access to DeFi via a cross-chain-supported ZK compliance protocol. The Panther Protocol offers confidentiality across transactions in shielded pools, zSwap for DeFi integrations — enabling private swaps on third-party DEXs, and zTrade for internal OTC book for trading assets privately. Furthermore, Panther Protocol’s ZK primitives are generalizable to KYC, selective disclosures between trusted parties, private ID, voting, and data verification services.

Website · One-pager · Lite Paper · Twitter · Telegram · Discord

Friday, 19. April 2024

Circle Blog

How to Build Cross-Border Payments Solution with Circle USDC

  Using Programmable Wallets you can quickly build a global payroll solution that is fast and efficient.

 

Using Programmable Wallets you can quickly build a global payroll solution that is fast and efficient.


Shade Protocol

The Preamble— Road to Easy Private DeFi

Thematic Tease Greetings community, On May 1st, we will begin to reveal an internal initiative, story, and brand that outlines the future of Shade Protocol. The first two years of Shade Protocol was sharply focused on building the key building blocks for unstoppable finance — a world of decentralized money and products that help people reclaim their autonomy & digital sovereignty. The road ha
Thematic Tease

Greetings community,

On May 1st, we will begin to reveal an internal initiative, story, and brand that outlines the future of Shade Protocol. The first two years of Shade Protocol was sharply focused on building the key building blocks for unstoppable finance — a world of decentralized money and products that help people reclaim their autonomy & digital sovereignty.

The road has been arduous.

In early 2024 we collectively had a chance to take a deep breathe and reflect. We considered what has been built, how it was built, and why it was built. We’ve built the following primitives:

SILK (unstoppable private stablecoin tracking a basket of currencies & commodities) ShadeSwap (DEX that protects your privacy) ShadeLend (private collateralized positions) Bridge (onboard & wrap public assets into private assets) Staking (passively earn real yield for securing Shade Protocol) Bonds (protocol treasury management tool) Transaction History (examine your private transactions)

A deep analysis left us dissatisfied. This is an absurd amount of product; what is stopping growth? What is disabling our ability to onboard millions into true unstoppable finance?

https://www.iflscience.com/how-a-helmet-and-a-bulletriddled-plane-perfectly-demonstrates-survivor-bias-60930

Enter survivorship bias.

You see, we started noticing a trend — thousands of new users were interacting or checking on Shade Protocol for the first time that never came back.

It was troubling.

The brand penetration of Shade Protocol is consistently generating new users, which considering our size is somewhat remarkable. However, when users actually landed on the product suite and tried to start using it we began to uncover a common trend:

Shade Protocol is too hard to use.

The core contributors began to talk to users. Hop on calls. We gathered the harshest feedback from the fiercest critics. It gave us the realization that if we continue down the path of building more and more complexity into the product suite, it will go unused. The beautiful, innovative pieces of the DeFi puzzle that have set the stage so well would slowly be wiped off the table of the Free Market.

Utility without simplicity is unused utility.

At it’s worst, complex utility is a repellent.

Naturally, the current users are okay with the user experience. If they weren’t, they wouldn’t be here continuing to use the app. This consumer survivorship bias has perhaps blinded us to the truth of the quality of what we have built.

Await our next blog post on May 1st, where we reveal the next stage of Shade Protocol’s evolution — a quest for simplicity that will redefine unstoppable finance, expanding its reach in ways yet unseen.

Twitter: https://twitter.com/Shade_Protocol

Telegram: https://t.me/ShadeProtocol


PIVX

PIVX: Engineered for Sustainable Economics

Long-Term sustainable Balance Between Inflation and Deflation. PIVX’s monetary policy was designed to maintain a sustainable balance between inflation and deflation. This maximizes network security and supports a scalable, decentralized, and resilient node infrastructure. Allows for instant, shielded transactions globally. Low Barrier to Entry With low hardware costs, anyone can participate in

Long-Term sustainable Balance Between Inflation and Deflation.

PIVX’s monetary policy was designed to maintain a sustainable balance between inflation and deflation. This maximizes network security and supports a scalable, decentralized, and resilient node infrastructure. Allows for instant, shielded transactions globally.

Low Barrier to Entry
With low hardware costs, anyone can participate in securing the PIVX network.
This enables almost unlimited potential for global inclusiveness.

Self-Funded, Fair Launch
Launched in 2016 with no pre-mine, PIVX is a true fair-launch cryptocurrency.
No ICO was held, making it community-driven from the start.

Dynamic Coin Supply Model
The PIVX coin supply changes dynamically based on transaction volume.
This is achieved through a fixed emission rate and fee burning.

Balanced Block Rewards
10 PIV per block is divided between stakers and masternodes; 4 PIV per stake and 6 PIV per masternode. An additional 10 PIV per block is allocated to the Treasury for funding proposals.

Deflationary Mechanism
Transaction fees are burned, creating a deflationary effect with increased network use. This offsets the tail emission, which decays towards 0% over time.

With its engineered economics and sustainable approach, PIVX aims to balance the needs of inflation and deflation, providing a scalable and resilient cryptocurrency network.

Source: PIVX.org/economics

PIVX: Engineered for Sustainable Economics was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


bankless

ROLLUP: BTC Halving is Here! | Worldcoin's New Chain | China ETF Approvals | Solana Chain Upgrades

Bankless Friday Weekly Rollup 3rd Week Of April ------ 🔐 SAFE | BUILD WITH THE SAFE SMART ACCOUNT https://bankless.cc/Safe_pod  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠   🔗CELO | CEL2 COMING S

Bankless Friday Weekly Rollup 3rd Week Of April ------ 🔐 SAFE | BUILD WITH THE SAFE SMART ACCOUNT https://bankless.cc/Safe_pod  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🔐 SAFE | ATTEND SAFE{CON} https://bankless.cc/SafeCon 

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

------ TIMESTAMPS 00:00:00 Intro

00:03:37 Bitcoin Halving https://www.coinwarz.com/bitcoin-halving 

00:07:23 Bitcoin Runes https://youtu.be/q9RDE8U6CkI 

00:08:56 Markets https://pro.kraken.com/app/trade/btc-usd https://twitter.com/dunleavy89/status/1779120479233544261 

00:15:29 ETH Price Updates https://pro.kraken.com/app/trade/eth-usd https://twitter.com/dmihal/status/1779244625762394235 

00:19:18 L2 Updates https://l2beat.com/scaling/summary https://twitter.com/NTmoney/status/1780998133025226803 

00:24:27 World Chain Announcement https://twitter.com/worldcoin/status/1780611997396095157  https://worldcoin.org/blog/announcements/introducing-world-chain 

00:28:19 Dead Internet Theory  https://x.com/tiagosada/status/1780616673172570532 

00:30:20 OKX X Layer Launch https://www.okx.com/xlayer 

00:34:45 Kraken Wallet https://twitter.com/krakenfx/status/1780612343354855625 

00:37:15 Hong Kong ETF Approvals https://www.cnbc.com/2024/04/15/hong-kong-regulators-approve-spot-bitcoin-and-ether-etfs-.html  https://twitter.com/EricBalchunas/status/1779867078603718970 

00:42:25 Ethereum Superwallets https://twitter.com/sassal0x/status/1778616483838669202  https://twitter.com/0xCygaar/status/1778522744919044442 

00:47:48 Eigenlayer Unpaused Restaking https://x.com/eigenlayer/status/1778885106960081116 

00:50:06 Alt Restaking https://twitter.com/nektarnetwork/status/1778082320798380060  https://twitter.com/Karak_Network/status/1777370872627831019 

00:54:24 Immutable Nexus https://twitter.com/Immutable/status/1777894966498607146 

00:56:58 Crypto The Game https://x.com/BanklessHQ/status/1780994358260420807 

01:00:57 HeroGlyphs https://twitter.com/hero_glyphs  https://github.com/Finallyt/Heroglyph/blob/main/Heroglyph-Whitepaper.pdf 

01:05:35 Solana Upgrades https://x.com/SolanaStatus/status/1779727821834686592  https://twitter.com/rexstjohn/status/1779730912269500836 

01:07:34 Stablecoin Bill https://www.lummis.senate.gov/press-releases/lummis-gillibrand-introduce-bipartisan-landmark-legislation-to-create-regulatory-framework-for-stablecoins/ 

01:10:40 Raises https://twitter.com/alignedlayer/status/1779564155327934811?s=46&t=dAxCjT2P_GIrJMvMgWIpfA  https://x.com/nebrazkp/status/1780633313155457091 

01:13:40 Meme of The Week https://vxtwitter.com/Timccopeland/status/1781012538911551808 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Thursday, 18. April 2024

Nym - Medium

Nym joins the Liquid Federation ahead of Bitcoin halving

Nym is now running a Liquid functionary node to support the Bitcoin layer-2 ecosystem Bitcoin launched a transformative movement in decentralized technology. We are now about to witness the next algorithmic step in its deflationary design: the fourth halving of bitcoin mining rewards. L 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française The next Bitcoin halving is scheduled for block
Nym is now running a Liquid functionary node to support the Bitcoin layer-2 ecosystem

Bitcoin launched a transformative movement in decentralized technology. We are now about to witness the next algorithmic step in its deflationary design: the fourth halving of bitcoin mining rewards.

L 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française

The next Bitcoin halving is scheduled for blockheight 840,000 and set to take place in the coming days. This will be an important indicator of the future success of the decentralized blockchain and currency.

The genesis of Bitcoin is historically and technically entwined with that of mixnets. Leading up to the halving, Nym has officially joined the 65-member-strong Liquid Federation to signal support for Bitcoin and its growing layer-2 ecosystem.

Joining the Liquid Federation

Nym is now a part of 15 globally distributed functionary operators for the Liquid Network, one of Bitcoin’s first and most popular sidechains. Liquid functionaries are specialized and tamper-proof HSM servers that operate the core infrastructure of Liquid, facilitating thousands of transactions daily. These functionaries essentially propose and sign blocks, manage the two-way Bitcoin peg, and secure the bitcoin held by the network in the federation’s multi-sig wallet in a globally distributed and decentralized way. Nym is running the functionary on dedicated infrastructure in Switzerland.

The goal is to deepen the support for Bitcoin’s layer-2 protocols, which will help scale Bitcoin to meet global demand. This is the first step in a more comprehensive partnership between Nym, the Liquid Federation, and Liquid’s technical provider, Blockstream.

Dr. Adam Back, CEO and co-founder of Blockstream, had this to say about Nym’s initiative: “I am pleased to announce Nym as a new functionary within the Liquid Federation. Liquid’s Confidential Transactions, which rely on homomorphic encryption, are designed to keep transaction details confidential while protecting the network’s integrity and security. Nym’s decision to become a Liquid functionary underscores our shared commitment to enhancing privacy within the Bitcoin L2 ecosystem.”

The next step will be an integration of Liquid on the Nym mixnet, extending Liquid’s default confidentiality to also protect the patterns of transactions in transit. This will enable strong network level privacy to a growing number of Bitcoin users who are using layer-2 protocols to stack sats, save on fees, and improve privacy.

A short history of Bitcoin and mixnets

Mixnets and Bitcoin have an intertwined and shared history that goes back to the 1990s. It was while running a cypherpunk mixnet-based anonymous email re-mailer that Adam Back noticed a big problem: people were using the mixnet to send anonymous spam, clogging up the network and “causing a nuisance.” Rather than using a whitelist, which would require identifying users (which no cypherpunk would want), Adam Back coded up the research of Cynthia Dwork and Moni Naor on proof-of-work to prevent the sending of spam e-mail through the mixnet by way of the cost of hashing. This led to the development of an early version of the scheme, called Hashcash, which would eventually become the consensus protocol of Bitcoin. The entire blockchain industry was thus sparked.

With the advent of Bitcoin, one half of the cypherpunk dream was being realized: digital cash. The second half, however, is still being built: mixnets for full network privacy. Combined, the two technologies can finally secure the fundamental rights of freedom and privacy on the internet.

As a decentralized and incentivized overlay network, Nym mixnet is striving to protect the anonymity and privacy of all of its users by integrating with any wallet or app. Like Bitcoin’s blockchain, moreover, this is made possible by the work of its community. While Bitcoin’s ledgers are authenticated through miners who receive block rewards for their work, the Nym mixnet relies on a global network of unlinkable node operators to route, mix, and anonymize user traffic. Online anonymity is less a service than it is a collective project.

“The very idea of Nym came to me in 2017,” Harry Halpin, Nym CEO and founder, recounts. “When I asked Adam Back how we could make Bitcoin better, and Adam told me that while Bitcoin was more-or-less perfect, the idea of using spare computing power for privacy hadn’t been explored. At that moment, I thought that mixing packets could work like mining Bitcoin. Years of coding later, I’m thrilled to see Nym work even closer with Liquid and Blockstream.”

Harry Halpin, CEO of Nym with Adam Back, CEO of Blockstream in front of a statue of Edward Snowden, Julian Assange and Chelsea Manning. Join the Nym Community

Discord // Telegram // Element // Twitter

Privacy loves company

English // 中文 // Русский // Türkçe // Tiếng Việt // 日本 // Française // Español // Português // 한국인

Nym joins the Liquid Federation ahead of Bitcoin halving was originally published in nymtech on Medium, where people are continuing the conversation by highlighting and responding to this story.


Greylock Partners

The Godfather of Israeli Cybersecurity Does It Again

The post The Godfather of Israeli Cybersecurity Does It Again appeared first on Greylock.

Epicenter Podcast

Safe: Securing $100 Billion of Crypto Assets - Lukas Schor

What started out as a plan to build prediction markets, Gnosis ended up building crucial Ethereum infrastructure and tooling. Safe is one of its many successes, which originated during the 2017 ICO mania, as a solution for managing the raised capital securely, via a multi-sig. Even back then, the multi-sig model was quickly adopted by the entire industry, as a gold standard for asset security. Sma

What started out as a plan to build prediction markets, Gnosis ended up building crucial Ethereum infrastructure and tooling. Safe is one of its many successes, which originated during the 2017 ICO mania, as a solution for managing the raised capital securely, via a multi-sig. Even back then, the multi-sig model was quickly adopted by the entire industry, as a gold standard for asset security. Smart accounts and ERC-4337 represent the next step towards mass-adoption, through achieving a Web2-like UX.

Topics covered in this episode:

Lukas’ background and how Safe was founded Bitcoin vs. Ethereum multi-sigs Smart accounts & ERC-4337 Safe’s design phylosohpy Safe CORE, SDK & API Safe wallet UX Expanding cross-chain support Safe account recovery OpSec Safe’s smart contract security Gnosis ecosystem evolution

Episode links:

Lucas Schor on Twitter Safe on Twitter Gnosis DAO on Twitter Gnosis Chain on Twitter Gnosis Pay on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Sebastien Couture.


bankless

Runes: Tokens on Bitcoin | Casey Rodamor

Today’s episode is about exploring the frontier of tokens on Bitcoin with guest Casey Rodarmor. Casey is the creator of the Ordinals Protocol, a harmless protocol that simply allowed for arbitrary data to be inscribed into individual Bitcoin UTXOs, creating what are called Bitcoin NFTs. He is now also the creators of Runes, a second protocol, working to bring fungible tokens to Bitcoin.  Bi

Today’s episode is about exploring the frontier of tokens on Bitcoin with guest Casey Rodarmor. Casey is the creator of the Ordinals Protocol, a harmless protocol that simply allowed for arbitrary data to be inscribed into individual Bitcoin UTXOs, creating what are called Bitcoin NFTs. He is now also the creators of Runes, a second protocol, working to bring fungible tokens to Bitcoin. 

Bitcoin is changing and Casey appears to be one of main reasons for the change. Soon he’ll be unveiling a new protocol standard for Bitcoin - called Runes, which wants to be a bitcoin-native version of fungible tokens, on the Bitcoin L1 - which is going to be the topic of the show today.

------ 📣 PERMISSIONLESS III | BUY TICKETS NOW  Bankless Citizens get 30% off: https://www.bankless.com/tools/perks 

Use BANKLESS10 for 10% off: https://bankless.cc/PermissionlessIII 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🔐 SAFE | ATTEND SAFE{CON} https://bankless.cc/SafeCon 

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

------ TIMESTAMPS

0:00 Intro 5:00 The Guy Who Changed Bitcoin 10:21 Why Casey’s Building 16:45 Ordinals Cultural Shift 22:43 Runes 31:40 The Ord Standard  45:27 Bitcoin Blocks & Blockspace Limit 57:47 Bitcoin Innovation Implications  1:02:41 Rune Parameters 1:11:20 The First Runes (Uncommon Goods)  1:14:34 Timeline on Runes & Trading Ecosystem 1:17:12 The Future of Runes/Ordinals 1:19:48 The Bitcoin Renaissance  1:21:34 Winning Over Bitcoin Maximalists 1:23:45 Casey’s Podcast     1:24:58 Runes Team 1:26:37 Closing & Disclaimers    ------ RESOURCES

Casey’s 1st Bankless Episode  https://youtu.be/ktL77zEWcEc 

Casey’s Twitter https://twitter.com/rodarmor  

Casey’s Hellmoney Podcast  https://www.youtube.com/channel/UCflejnUswWof6yEMk9dRzOA 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

Wednesday, 17. April 2024

Zcash Foundation

Zebra 1.6.1 Release

The Zcash Foundation is pleased to announce the release of Zebra version 1.6.1. This release adds an OpenAPI specification for Zebra’s RPC methods and improves the startup and shutdown logs with information about Zebra’s storage usage and other useful database information, such as column family sizes in a human readable format. With this release we […] The post Zebra 1.6.1 Release appeared first

The Zcash Foundation is pleased to announce the release of Zebra version 1.6.1. This release adds an OpenAPI specification for Zebra’s RPC methods and improves the startup and shutdown logs with information about Zebra’s storage usage and other useful database information, such as column family sizes in a human readable format.

With this release we have made some improvements to the getblock RPC method in response to user feedback as well as taking the opportunity to improve its performance. We have also fixed a bug that caused hangs in the zebra-scan service. 

This release also includes some of the necessary changes to enable regtest network mode in zebra although this is still a work in progress. Our thanks go out to Zingo Labs for their contributions to this feature.

We have also updated our CI to use the official lightwalletd image, instead of the fork that we were using previously.

The post Zebra 1.6.1 Release appeared first on Zcash Foundation.


PIVX

Join the next Privacy Roundtable on X.

Join us for our next #PrivacyRoundtable with our friends Particl, Firo: Private cryptocurrency infrastructure and @BasicSwapDEX with guest speaker DouglasTuman host of MoneroTalk. 📅Date: April 24, ‘24 ⏰Time: 9am EST/ 2pm UTC 📍Topic: Government and Private Cryptocurrency Link: https://twitter.com/i/spaces/1vOGwjAdBloKB Link for Privacy Roundtable Spaces event will be posted here and o

Join us for our next #PrivacyRoundtable with our friends Particl, Firo: Private cryptocurrency infrastructure and @BasicSwapDEX with guest speaker DouglasTuman host of MoneroTalk.

📅Date: April 24, ‘24

⏰Time: 9am EST/ 2pm UTC

📍Topic: Government and Private Cryptocurrency
Link: https://twitter.com/i/spaces/1vOGwjAdBloKB

Link for Privacy Roundtable Spaces event will be posted here and on Twitter soon.
See you there!

Join the next Privacy Roundtable on X. was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.


a16z Podcast

Game On: Marc Andreessen & Andrew Chen Talk Creative Computers

The gaming industry stands as a pioneer of cutting-edge technologies, ushering in innovations like GPUs, virtual and augmented reality, physics engines, and immersive multiplayer experiences.  In this episode, a16z cofounder Marc Andreessen and Andrew Chen, General Partner at a16z Games, dig into why a16z was compelled to establish a dedicated games fund. They explore the origins of tech pes

The gaming industry stands as a pioneer of cutting-edge technologies, ushering in innovations like GPUs, virtual and augmented reality, physics engines, and immersive multiplayer experiences. 

In this episode, a16z cofounder Marc Andreessen and Andrew Chen, General Partner at a16z Games, dig into why a16z was compelled to establish a dedicated games fund. They explore the origins of tech pessimism, effective engagement with government in tech, its significance for the gaming community, the ongoing AI revolution, and even what Marc himself would build today if he didn't have his hands full. 

Recorded as part of a16z's extensive games fund accelerator, SPEEDRUN, this session offers valuable insights for founders and innovators at the intersection of games and technology. 

If you're passionate about shaping the future of gaming, consider applying for SPEEDRUN 3.0 at a16z.com/speedrun3.

 

Resources: 

Find Marc on Twitter: https://twitter.com/pmarca

Find Andrew on Twitter: https://twitter.com/andrewchen

Submit your SPEEDRUN 3.0 application: https://a16z.com/speedrun-la-2024

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


bankless

The Unified Architecture of Ethereum | DH + RSA

Welcome back to Bankless Takes! On the show today we walk through David’s recent article on the unified architecture theory for Ethereum.  Where does Ethereum stand in a world of many chains? How does ethereum compare to Bitcoin, Solana, Celestia, and many others are fighting for users in the space. The comparisons and top competitors might surprise you. ------ 📣SPOTIFY PREMIUM RSS FEED

Welcome back to Bankless Takes! On the show today we walk through David’s recent article on the unified architecture theory for Ethereum. 

Where does Ethereum stand in a world of many chains? How does ethereum compare to Bitcoin, Solana, Celestia, and many others are fighting for users in the space. The comparisons and top competitors might surprise you.

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🔐 SAFE | ATTEND SAFE{CON} https://bankless.cc/SafeCon 

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

------ TIMESTAMPS 00:00 Start 02:08 Reason For This Article 06:32 Bitcoin Block Size Wars 17:51 Modern Day Big vs Small Blockers 22:06 Sophisticated Vs Primitive Blocks 33:19 Functionality Escape Velocity 37:17 The Root Of Trust 45:57 Cosmos, The Lost Tribe 56:02 Sovereignty Escape Velocity

------ RESOURCES

Davids Article: https://www.bankless.com/the-unified-architecture-of-ethereum 

Vitalik Article: https://vitalik.eth.limo/general/2019/12/26/mvb.html?ref=bankless.ghost.io 

Ryans Tweet: https://twitter.com/RyanSAdams/status/1778865602121060863 

L2 Beat: https://l2beat.com/scaling/risk 

Cosmos Tweet: https://twitter.com/hxrts/status/1774504453682405467 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 


Brave Browser

Brave Unveils New Privacy-Focused AI Answer Engine, Set to Handle Nearly 10 Billion Annual Queries

Answer with AI is the only large real-time answer engine that puts privacy first and does not rely on Big Tech search engines

Answer with AI is the only large real-time answer engine that puts privacy first and does not rely on Big Tech search engines

Today, Brave is announcing a major update to Brave Search and to how users find answers online. The new Brave Search answer engine synthesizes information from multiple sources into a single, intelligible answer to almost any query—a significant step forward from Brave’s AI Summarizer released in 2023

Brave Search Answer with AI is unique in several respects:

It is the first privacy-preserving answer engine available at scale, serving the almost 10 billion queries a year that Brave Search currently receives, making it, overnight, one of the largest AI solutions on the market.  It produces near instant answers (with sources cited) with sources alongside traditional search results. The answers result from the only independent search index at scale outside of Big Tech, as the largest real-time answer engines rely on the Google or Bing search engines, directly or indirectly. 

Brave Search’s Answer with AI feature is available for free to all users across platforms, on both desktop and mobile. No matter which browser users choose, it can be accessed on the Web at search.brave.com. The answer engine also supports multiple languages besides English. Brave Search’s 27 million queries a day makes it the fastest growing search engine since Bing. 

Clicking the Answer with AI button

The need for answer engines

Web-scale search engines have undergone many iterations: directory listings, ten blue links, query-dependent snippets, knowledge graphs and featured snippets. The Brave Search Answer with AI feature evolves this paradigm. An answer engine is a system that tries to answer a question, rather than point to websites about the question. Thanks to the proliferation and quality of large language models (LLMs), search-integrated answer engines are now a possibility at scale. In fact, several companies that operate search engines have released similar systems (including Bing Copilot and Google Gemini). Other answer engines rely on API access to existing search solutions to serve at least some portion of their real-time results.

Brave Search released an AI tool for synthesized results known as the Summarizer in March 2023 to help users better navigate search results. With today’s release, we’re taking a big step forward in delivering a next-level search experience, whether an answer or links of page results.

“With the new Brave Search and its integration of Answer with AI, users get the best of both worlds: one place to get generative answers as well as up-to-date links, providing instant and highly relevant results,” said Josep M. Pujol, Chief of Search at Brave. “Brave Search is uniquely positioned in this landscape, with the only independent search index besides Bing and Google. Unlike many search companies that are forced to rely on results from third parties, or others that solely offer answer engines, Brave now combines its index with AI to redefine the search experience and raise the bar on immediate pertinence in results, while preserving users’ privacy.”

Listen to the Brave Search team talk about building Answer with AI:

Transcript Introducing Answer with AI, Brave’s New AI Assistant

[00:00:00] Luke: From privacy concerns to limitless potential, AI is rapidly impacting our evolving society. In this new season of the Brave Technologist podcast, we’re demystifying artificial intelligence, challenging the status quo, and empowering everyday people to embrace the digital revolution. I’m your host Luke Mulks, VP of Business Operations at Brave Software.

Makers of the privacy respecting Brave browser and search engine, now powering AI with the Brave Search API. You’re listening to a new episode of The Brave Technologist, and this one features two guests from the Brave team, Josep, our lead at Brave Search, and Remi, the principal engineer at Brave. They joined us on the podcast this week to discuss our Answer with AI launch, which shipped a few weeks ago.

Today we dove into how Answer with AI is different from other chatbots, what this innovation means for traditional search, Our privacy policy with this engine, how we’re handling hallucinations. And what the main challenges have been in building this new system. These were the perfect guests to discuss this.

Joseph is the chief of search at Brave and has been working on an alternative search engine since 2014. Before being involved with search, he was a research scientist at multiple institutions, working on AI, distributed systems. And complex networks. He has authored over 30 papers and holds four patents.

He also holds a Ph. D. in A. I. from the Technical University of Catalonia. Remi has been working with A. I. since 2014 and currently as a Senior Software Engineer at BraveSearch, where he has been involved in scaling the ML infrastructure to serve continuously growing traffic and increasingly advanced needs, as well as in the development of BraveSearch’s latest feature, Answer with A.

I. We’re excited to share this update with you and why we’re so optimistic about it. Now for this week’s episode of the Brave Technologist. Remi and Joseph, welcome to the Brave Technologists podcast. How are you guys doing today? Good, good. Very well. Thank you. Awesome. Thanks for having us. Yeah, yeah, of course.

Excited to have you back, Joseph and Remi. Excited to have you here for the first time. I think a lot of what we’re talking about today is around this kind of new answer with AI summarizer feature that we just recently released. Remi, how is different from the typical chatbot like chatGPT or, Cloud?

[00:02:11] Remi: Yeah, great question. I think people sometimes kind of oppose them. I think, I mean, my opinion, our opinion is more complimentary. So if you take, you know, chat GPT or cloud, their goal is to build the best model for open ended conversation, you know, like, you know, having multiple rounds with a user on any, topic really.

One issue is that is often the lack of context, right? So like the only context they get is what the user gives them. And then they use the knowledge they have acquired during training to come up with answers, right? I like to think of them sometimes how they are called as foundational models. And I like this term because This is what we are doing.

We are building on top of this model. So they are kind of complimentary to what we do. And with answer with AI, basically what we do is like, we give access to this model, an entire independent search index, which is the brave search index, right? So they have quote unquote, perfect context in a way, right?

So for any user query, they are going to have access to the best information we can find on the web out of billions of pages. And we are going to synthesize this into, you know, the best answer we can, right? Okay. One, maybe like drawback with this approach is it’s off by design, a bit less interactive. So once you have your answer, you are a bit less free in the way that you can follow up.

You know, you cannot just start a conversation and it’s why, I mean, we’re going to talk, I think a bit later about that, but that’s why we’re working on integrating Leo so that we can offer, you know, both experiences, both like best answers, based on the web web, and then also following up in arbitrary ways and, you know, back and forth conversation ways of chatbots.

[00:03:45] Luke: No, it’s great. That’s awesome. And I think Joseph, when we had you here last, I think the summarizer, the first iteration of it had been out for a little bit. We’ve kind of addressed this question too, but I’m just kind of curious, like, as this new update rolls out and continue to see progress on the summarizer stuff, like, how’s your position changed?

Like, you think that, you know, answer engines are going to end up replacing traditional search or, Augmented or end of an era kind of thing, or what was your take on this?

[00:04:09] Josep: I get this question quite a lot. Well, I mean, first disclaimer, I mean, I’m better at predicting the past than the future.

It depends what you mean by replacement, right? Certainly answer engines are here to stay. They will constitute an evolution to search engines. That’s the fact. Are they going to replace them entirely? No, I don’t think so, right? For, like, for many reasons. some, right? First of all, I mean, not all the queries are amenable.

to be answered by an article type answer. We actually know from experience because of Summarizer v1, which was the toned down version of what we just released, the answers with AI, that was released more than a year ago. So we got a lot of data. And we estimate the queries that are amenable to be answered by answers with AI to be between a fourth and a third of the total queries.

So that means that you still have two thirds that are not, what are those two thirds, right? I mean, I don’t know, Bank of America login, NumPy download, Hotmail, the phone of a restaurant. I mean, can they be answered by an answer? Yes, but it’s not the most convenient way. To do it right, in a way, that’s why I don’t believe that answer engines are replacement and your answer engines are just like one extra thing that certain engines will have, right?

The same as feature the snippets or the same as knowledge graphs, right? I mean, and answer engines actually totally subsumed those two, right? But it will not subsume the 10 links and actually it shouldn’t, hopefully, right, because answers are very good, are very convenient, convenience have, have drawbacks, right?

Less choice, less sources of truth. So you don’t, you don’t want an article type answer. At least, that’s what I believe. And in any case, that’s what we experienced and, and that’s, I think that’s gonna be like this for a long time. Also in, and if you actually go more into the technical details, right? I mean, an answer engine needs a search engine nevertheless, right?

Because why are you going to pull the data from my knowledge on the LLMs? I mean, only has training data. So you need a lot of like context. To the rack generation, right? Who is the best search engine to get that context in, but you need to do things like grounding, provide citations. So you need to search engine, right?

Even if if everything was answers, you will just need a search engine. Or an a p to a search engine, right? Which is like the typical, the typical case. And then just lemme elaborate a little bit on, on those two. Yeah, please do. I mean, more like on the, on the strategy of what we want to do at Brave, right?

Just to have answers would not be actually on the best internet of the user in our opinion. Right? Because what we want to do is like an alternative to the big tech, right? So we need to do like a, to provide the same technology and the same specify the same user needs. It wouldn’t be optimal for the user to have, like, this dichotomy where they have to do certain type of queries.

It’s better one system, certain type of queries is better another system, right? People love convenience. When people search, they are not something that they do it for fun. Usually search is because you are doing a task. So you don’t want to do crazy experiments. Your need satisfied as soon as possible, right?

Regardless of the delivery methods, right? So we need to be like, we need to be one stop shop. Unless we are one stop shop, well, we cannot be the default, right? And we all know that the defaults are very important, right? I mean, there is a reason why Google pays 20 billion to Apple every year, just to be the default on Apple devices, right?

I mean, it’s like, so No, I’m not going anywhere.

[00:08:04] Luke: It is kind of a silly question too, right? Because I think one of the strengths of, of what we’ve been doing at Brave, that you guys have put a lot of care into, even with the first version of Summarizer, like making sure that things were, the citations were there and linkable and that, you know, and even with this new version, the blue links are there, right underneath, you guys are giving them for the full, like corpus of information they need.

From that summary. And I think that it’s really kind of a cool way that you guys are doing it, where you’ve mixed these two things together, where, when they serve, but I think even to unpack that a little bit, the fact that you all put so much care into just knowing what’s addressable by an answer versus what’s just a great thing to put us a search engine result page in front of, right?

Like, I think that’s even something that, you know, a level of thought that’s going into this that I think a lot of other companies probably wouldn’t apply because we’re thinking about the user like that.

[00:08:52] Josep: That’s a good point. I mean, we, one of the most challenging tasks is like the triggering, right? Like one, two, one, two, like do normal search and one to do like a answer type search, right?

And tell you, of course the user still is on control, but it’s always like a button. And then next to the query box where you can invoke the summarizer. But we try like to, you know, I try to double guess, well, to guess what is their real intent as much as possible again, like, because when I stop shop, satisfy, maximize this satisfaction, et cetera, et cetera.

So that’s kind of like, that’s one of the things and something I forgot to mention, which is like, it’s not only that, but for me, it would be better to talk about this, but I’ll do it anyway. I think the normal results on the bottom. We actually put a lot of emphasis on expanding beyond the wall of text.

People have noticed that we actually named entities and we add the structure of information into the generated answer just to understand. You know, like to be more like a friendly to the, not an eye candy, but actually like more like an informational value, right? I mean, that’s kind of like a important thing.

Like take for instance, like a phone number, right? When you don’t want to fish for a phone number on a wall of text, you want to know where it is. And just like, look there.

[00:10:10] Luke: I’ve got a great anecdote on that one too. I, it’s my go to in, business calls. I do now where, I have a feeling the person on the other end is a golfer because actually it was, look, I have these old golf clubs from like 2007.

And if anybody golfs, like when you’re putting a set together, you end up diving into these older sites where you’re like, I hope somebody put it in a HTML table of all of these, like, you know, different lofts and clubs. I actually like. Put it into the answer engine and just put everything in a beautiful table right there.

I knew all the lock degrees, all the club links, everything like that. So now it’s been kind of my go to because not only does it give me what I want, it cut probably three or four steps out of my journey of like digging up these specs and, and, and looking at it again. And I can just easily kind of share it with people.

So it’s super useful, like

[00:10:52] Josep: it’s very useful. And that’s why, like, it would be pretty short sighted not to provide answers. Right. Even with some of the drawbacks that they, they can cost, right? Like, minimize choice, narrow down, narrow down the ability for people to see other sites than, than the one that you’re providing.

I mean, those like things are, are important, but convenience. It’s like, you cannot fight the times.

[00:11:16] Remi: I love what you say about like, picking the right format of answer for any query, because in a way, like, if you forget about answer with AI, it’s what we’ve done since the beginning. You know, like, for some queries, you want a sport widget, sometimes you want a weather widget, sometimes you want, you know, something else, and answer with AI is just a continuation of that on more types of queries, where we can say, okay, for that particular query, it’s the best way to answer the user, right?

[00:11:41] Luke: It sounds like there’s probably opportunities too for, for some of these areas of concerns to kind of evolve and kind of upgrade with some of these things too, right? I mean, I’m sure that like people are concerned about, Oh, well, you know, it seems like nobody’s really monetizing the AI side other than doing premium and other things either, but it seems like a pretty greenfield there.

And when I see these things, I’m like, wow, there’s just like, this is a whole new level of interesting, useful things that users can benefit from that, you know, it’s just opening the doors to, which I think is super cool. Yeah. Joseph, you’re combining this AIML kind of SERP approach. You kind of touched on it, how giving the answer can be beneficial for users, but is there any other elaboration you want to break down on how like unique this is compared to what other competitors are doing, especially when it comes to like benefiting user?

[00:12:24] Josep: The main benefit is that, well, it’s like the one of Topshop, right? The ability that the user get the best answer or results, they get the best satisfaction of their query intent. If you want to go technical, you know, in a single place, right? That’s kind of like the main benefit, the integration. However, we must say that anyone can build an answering engine, right?

Actually, there’s plenty of YouTube videos that use Brave Search API, OpenAI. They combine quickly and they create like a complexity clone kind of thing. in, in a matter of a few hours, those things actually work fairly well. So that’s not the, there’s like the meat of the problem is not the, for me, we’ll talk more about that.

Right. But like the complicated thing of an answer engine is not the application in a way it’s like how you scale it and how you do the context creation and how you put the prompt and how you do the grounding, et cetera, et cetera. Right. And all those things. Basically, yeah, we have the same ingredients, right?

Because we do use Brave Search API. One of the things that we are important for people to remember is that Brave Search uses Brave Search API. So we, we, we try to do our own dog food so that we have the best API there is. Well, at least,

[00:13:43] Luke: It’s really interesting too. I mean, I think how does it feel for you guys when you see other people? I guess AI is one of these fields where it’s almost like if somebody can think it, they’re going to make a proof of concept for it, right? Like when you start seeing other people using, whether it’s the API, I saw somebody tweeting about this the other day where they were, you know, kind of leveraging the API, when you start to see people, experimenting with this.

Tech that you guys have built, how is that seeing that in the wild? Is it exciting? Is it something kind of like you hope to see, do you hope to see more people doing that type of thing? No, no, we, we hope to see it. I

[00:14:13] Josep: mean, look at the end of the day, innovation can happen anywhere, right?

There is no prototype that doesn’t have some value, right? And there is no company that doesn’t provide some value. The other thing. Which could be discussed is like why are those things are fundamental and can really affect the ecosystem on the long run to for the benefit of the users, which is one of the brave missions.

Or they’re just like, like, lemme quote, application layer things, right? , well, that can gather a lot of attention, can gather a lot of press, but at the end of the day, they are not, they’re not fundamental, but still, they provide value. We look, we copy, they copy from us. it is like cost evolution at the end on the benefit of the user.

[00:15:00] Luke: And digging into the fundamentals a bit too, Brave’s always big on privacy, right? What’s the privacy approach with the answer engine? How does that kind of compare to what’s out there? Should users be worried of, okay, I start to treat this more like a AI bot, right? Like, and I’m worried about what I’m inputting, you know, that kind of thing.

how, how’s Brave approaching this?

[00:15:18] Josep: For answer with AI, we treat it exactly as a query, which basically means that we do not keep a user history of the queries that the user does to break. So we have actually no technical ability to do a profile of someone. Even the data that we, that we get. We don’t have personal identifiable information, but even the IP gets dropped before it reaches to us, right?

Oh, wow. For, for privacy. So long story short, we have no concept of sessions, history, or anything like this. That’s actually a big departure, right? Because, having user sessions can be beneficial, especially for like, AI tasks, right? Because it’s good to have some context of prior answers, but we, we prefer not to do it because first, You can get almost the same value, if not the same, without the risk that that entails. User profiles are very dangerous, right? I mean, imagine, and companies may have the highest moral standards, no question, right? But if the government were to ask the data, you would be obliged to give it to them, like with a judge involved, right?

But anyway, that data, uh, it’s not to have it, right? So we do not have it. So we actually sleep very well at night, knowing that. If someone gained access to all our data, they would not be able to learn who are the queries of loop. Oh, like what? I love it. You have to, like, yeah. Yeah, I’m too late,

[00:16:52] Luke: asking too many weird things.

No, I think I, you know, but such a cool thing hearing you say that. I mean, you know, like had a search in, in what we’re doing here, because it’s literally the same thing that Brendan said too, from the beginning of the company, right? Like where it’s just, you know, they can’t take what they don’t have.

I think, you know, even more now than ever, people are seeing how their data is being impacted. Just, you know, even by good actors that are not even doing anything necessarily bad, but just the fact that, you know, software things happen and, and, people reach systems, right?

[00:17:20] Josep: Accidents can happen. And also like a good actor today can become a bad actor tomorrow.

this premise on privacy on why privacy is not something that needs to be sacrificed to build good tech. That’s like the DNA of Brave. And that’s actually one of the reasons why Remi and I joined Brave two years ago.

[00:17:38] Luke: Right. I mean, what a journey too. It’s been, I think, you know, just seeing like, I mean, in the past, you know, six months, it’s just been awesome from when we had you here, last time to now.

And, and, you know, hearing Remi talk about this stuff too, it’s, it’s been really cool to like, see just how fast the iterations have been and, how you guys are keeping that ethos alive with what you’re doing. I’m going to ask you guys now too, cause, we talk about this sometimes with, prospects and partners and things like that around how, you know, Brave’s really like the only other, you Independent option out there.

Like, and especially, I mean, for me, it was surprising coming from, you know, the advertising and monetization world before it came to brave, like, I thought that was a small circle of people, but then you start to look at the search world and it’s even smaller, right. We’re talking about using like the in house AML, AI ML and fine tuned LLMs and.

Open source LLMs, like how important is it that Brave is independent when looking at the landscape? And maybe, you guys can give the audience a sense because I have a feeling it’s really not well known just how small of a circle it is out there with indexes and a search out there.

[00:18:38] Josep: Yeah.

Independence is like a very odd quality, right? Everybody knows what it is, but it’s difficult to actually define. Brave’s mission is to, again, like build, Equal or better technology than big tech without compromising the privacy, right? And you cannot do that without building it period Because like if we’re if brave was using i don’t know google or being api There would be a dependency there where we could be a stronghold If only because companies can can go rogue, but also like terms of service can change So there’s like no real there is no real alternative, right?

So we need to build that is something that not everyone wants to do There are like many people who are, again, like working at the application layer, right? They want to actually build some cool feature or cool product that satisfy the user needs. And that’s totally legit, right? My only wish would be that they would be a little bit more transparent about it, right?

Right. But because in a way, why do you have to be transparent about it? Because basically, like, because users make a choice, right? And when people make a choice, they are giving with their boat, they are giving some value to the choices they make, right? I do believe that people would be actually, would do different choices if they actually knew the whole implications of the things they are doing, right?

Right. They always like, I use this analogy, which is kind of like the, the person like who drives An electric car, but doesn’t care where the electricity comes from. Sure. Yeah. You can drive a lot like your car because it’s nice looking. That’s awesome acceleration, but then don’t claim it’s beer. I mean, but don’t claim it.

That is good for the environment. If you do not care about where the electricity comes from. Right. So do you want choice? Then support brave. If you just want answers. Well, but it has answers too, but other people have answers. No, it’s not, they couldn’t be better or worse. We do believe it’s better. One important thing to build our own is that technology and our own search is that basically we changing the problem.

We can actually change the underlying architecture and the underlying system to provide different types of data that are more relevant to a new feature, right? So if you use an API at the end of the day, you know, like the set of ingredients is fixed. Right. We can make our own ingredients as we move along.

And that’s a fundamental reason why, you know, we can be one step ahead and of course be more sustainable, which is like what matters to us.

[00:21:20] Luke: Yeah. That’s awesome. That was a great way of putting it with the ingredients too. We’ve seen too, I mean, one of those interesting things that think people aren’t really aware of either is just, we have this whole verified creator system with Brave and we even introduced a premium right before we even had monetization on search.

But there’s a real, it seems like there’s a real appetite from people that do know to support solutions that are different and are breaking free. I mean, even the secondary effects of these things, when. Geopolitical things happen and then something, it might impact how results are presented, right?

Because, and it might not even be the impact of directly of the partner, but it’s just some, it’s how something’s working underneath. And we saw some of this too, like with Russia and Ukraine and Dukkako, for example, right? Where it was kind of controversial and they’re kind of, I mean, when you’re married to a partner, you’re married to a partner, so I think it’s a, it’s a really good point, right?

[00:22:07] Josep: It’s not only the, Potential censorship, so things like the terms of service might might change. I mean, the service does not allow to do AI integrations, perhaps some search engines that seem to be lacking on AI features is because of the terms of service. But nobody knows for a fact, right? Because it’s not being publicized in any case, like, but, but bottom line, what is important is like everyone provides some value, right?

Brief. It’s not just to build a product. It’s a product that doesn’t sacrifice privacy and that is from the, that is from the fundamental, right? That is provides an alternative. And right now, if you are in the US, most of the people listening probably are in the US. There’s only three search engines that have their own index, is Google, Microsoft, and Brave.

And the sizes of those three companies are pretty different, right?

[00:23:04] Luke: I mean, that’s something that people don’t realize, I don’t think, is that even when you’re going to other search engines, most of the time they’re just powered by, you know, one of these big companies, right? I think it’s, awesome that you’re putting light to that too.

I mean,

[00:23:16] Josep: some of them now, because we have a search API and some of the. Those search engines that they provide some value again. I mean, it’s not, I’m not trying to like talk them down or like think that we are better. No, no. It’s just like, we have a different value of position.

[00:23:30] Luke: Right. Totally. We came into market at a different time too, right.

Where we could, that’s one of the things that I see with ad tech too, where even if people aren’t necessarily malicious, right, like their intentions weren’t bad. It’s just that when tech exponentially. Scales and adoption, right? Sometimes important ethical questions get ignored, but we’ve had this great positions coming in later to where we can kind of, from first principles, really tackle these things that need tackling, which I think is fantastic that you guys are doing, but speaking of which, Remi, like how much traffic is a new answer with the AI system handling?

Are you guys seeing like a lot of use?

[00:24:05] Remi: I mean, what we’ve seen so far is that, you know, we are handling around a hundred requests per second. On this new system, right out of like more than 300 requests per second. So as Joseph said, it’s like around a third of the queries, you know, depending on the language and countries and stuff like that.

But then this hundred requests per second translates into more than 500 concurrent generation sessions because, you know, we get a hundred new requests every second, each of these requests takes a few seconds to generate the answer. Right. So overall the load on the system is much higher. Okay. And if I can maybe just like elaborate on how this is broken down is like, you know, if a user can trigger answer with AI by a press of a button, basically, right?

So like, you could, as a user have answered with AI on any query you make, right? But then what we’ve seen drives the load is basically this automatic triggering mechanism that Josette talked about. Describe where we actually decide we try to find the best, you know, queries for which answer with AI makes sense.

And then we’ve seen that tweaking these heuristics and this decision can increase or decrease the load. And as a matter of fact, because we are now extending this, this triggering mechanism to more queries, it’s increasing over time and we expect it to keep increasing in the coming weeks as we handle more types of queries automatically.

[00:25:22] Luke: And just for folks that are unaware, that might not know what we’re talking about when you’re talking about forcing it to answer with AI, there’s this like a little four diamond icon that’s next to where kind of the magnifying glasses. If you click on that, it’ll force it to answer with AI, right? Like, I’m just curious on that front.

Like, are you seeing people, like, are we measuring that? Are you able to see like how often that gets invoked or is it, are people like, Using it often or people kind of, I mean, I know with defaults, we tend to see people just kind of let the thing do what it’s supposed to do, but are you seeing users like invoking that a lot?

[00:25:55] Remi: Yeah, I think it’s, it’s fairly small, but as you said, defaults as are what matters in the end. Right. So like, even though. I mean, there needs to be a bit of time for people to kind of learn about the future. So we’ve tried to do some in, you know, in page education where we have this little purpose and you can click on this button, right?

When it makes sense. So we’ve seen that in the past with code LLM, so this like code assistant that we’ve built and integrated last year. And over time, the clicks rate increased as people realize, okay, I can do it. Right. And then in the future queries, they start doing it more and more. And I guess there is a bit of that, but

[00:26:33] Josep: it’s very low, as you said, but that’s in a way, that’s like the point, right?

Because that’s why we put so much emphasis on the automatic triggering. Right. I mean, if too much, but of course there’s a confounder there, right? I mean, we do not know if, but in principle, I think it’s like less, a little bit less than 1%. I’m pretty happy about it.

[00:26:54] Luke: And that’s one of those things, I think, too, that’s kind of not necessarily unique to us, but the fact that we have so many early adopters, you know, that try out brave stuff, the people that are more likely to kind of push all the knobs around, you know, like, in a lot of cases, at least from what I see, because it’s been interesting for my position, you know, being out there with the community a lot is that, you know, I see what I see often where it’s, anecdotally, some people want AI to answer everything, but then some people are really repulsed by the idea of AI answering everything.

Right. And when I see that, it usually means we’re doing something right. If I see things skewing too much one way or the other, when we release these things, it’s, but, but yeah, I think that you nailed it. Like the user shouldn’t need to know whether to answer it with AI or not. It should just give them a good answer, right?

Like whether it’s a search result query or,

[00:27:35] Josep: That’s our bet in a way, right? I mean that we don’t want to go either one way or the other. We believe that both options have values, have intrinsic values, and also like to always like have the choice of the user, right? Because at the day, the query intents are very complex.

Same query can have different intents depending on a context that we do not have. Perhaps you are like in the mood of reading a lot of text, or perhaps you just want to know like, what is the last album of Lady Gaga, right? I mean, the same, the same query last album of Lady Gaga can be anything. It could be like the actual answer.

you actually want to buy it or like, you want to know the ups and downs of the story behind it. Right. It’s not, it’s a no.

[00:28:24] Luke: Well, and it’s one of those things I really love about this too, is that it’s kind of like when I’m using it, it feels like a, for a lot of the zeitgeist is kind of looking at, at AI and thinking, okay, it’s a little staple, like a, what’s his name from Microsoft days.

I don’t know that that Clippy, yeah, yeah. Where, okay. It’s constrained into this little sidecar of a prompt. Right. But when I’m using this feature, it’s actually like, okay, wait a minute. Like, here’s something that. I don’t need to need some early adopter to use it. Everybody’s using search, right?

It’s one of those things where it’s actually useful AI application in something that you can get in front of millions of people and actually have them use it right away, which kind of rare, right? One thing I want to kind of ask about that though, is, you know, when you look at like these prompts, there’s a lot of concern around like hallucinations with results.

Like how are we handling that at Brave when we do things like this answer engine, where it’s kind of almost like a hybrid of, The serpent and what you see, like with these AI prompts.

[00:29:19] Remi: That’s a good point. I mean, it’s hallucinations are most likely the biggest issue with LLMs as we’ve seen, you know, in chat GPT and like the answer confidently and you’re like, is it true or not?

Right. So one thing to remember, I think is the answer with AI is like by design. grounded in the search result, right? So like, this means that for any user query, we already providing relevant information to the model. So already it’s kind of constrained to a scope, which is much more limited compared to like chat GPT, where it’s like, you know, you ask a question and then the model can pick up any knowledge it might have from its pre training, right?

So like the context matters. One caveat on that is that. Grounded doesn’t mean truth, right? Because what the answer reflects is the quality of the search results. And you might have multiple perspectives in there, and we try to make sure that the final answer reflects all of them if possible, right? So we try to make sure you get the best overview possible of the search results.

But this doesn’t mean, you know, This is truthful and you still need to check, you know, critical, critical facts, right? But at least you minimize the likelihood of the model just going completely astray and, you know, like inventing,

[00:30:33] Josep: making up something. I would like to like to congratulate the team, but especially Rene, because like those things are really like an art, right?

Like on how you actually like, because like all these LLMs. And systems that are actually fairly new, might sound stupid like what they’re going to say, but nobody actually understands fully how they actually work. So it’s kind of like, you know, like what happens with MLM is that you actually put them in an input, the output amazes you.

But then if you want to make them do something specific, it usually refuses to, right? And there is a lot of like, back and forth and trial and error and educated guesses that the team has been, that’s put on it just to make this kind of like thing that, well, I mean, the, the output of the answer should be based on the.

Content of the web and on the knowledge of the content of the web, rather than the knowledge of the model itself, all the things, I mean, congratulations to Remi and Tim, because it’s a

[00:31:36] Luke: good point. I was going to sing your praises a little more. I mean, it’s one of those things where when I was seeing, you know, having been at Brave for a long time, when we brought you guys on with the search engine, the comparisons we always used to hear from people were like, okay, how does this compare to DuckDuckGo?

But like, when I see what you guys are doing now. The comparisons I’m seeing from people are like, I can use this instead of Google, right? Like it’s getting to the point where I can like, it doesn’t happen unless you have a good product that you’re putting out there, which, I mean, all this thought and care and consideration, when, especially when you compare it to how, like I used to looking at a windows 11 install and seeing that I’ve got this.

Co-piloting everywhere that I didn’t ask for, right? Like and, and, and trying to force these things on me all over the place. Like it’s a balance, right? Like, and, and, I think that you guys are doing a, a lot of great work on focusing on where these things could be most useful and then really kind of attacking that and trying to give quality, you know, with that, that’s useful.

Which is not an easy thing to balance, right? I mean, like, you know, we’re still finding our. Product market fit as a, as a whole company and how you guys are in here kind of like with the scalpel, trying to kind of take on some giants, which is awesome, I think, how do you guys measure quality when you’re looking at these things?

I mean, cause it is, it’s almost like a higher bar that you guys have to aim for because it’s married with the search result page and people are using that for research and thing like, how do you guys measure quality when you’re looking at these AI answers?

[00:32:56] Remi: Yeah. Yeah. All right. So it’s a great question.

And quality in search is already hard. I think if you put LLMs in the mix, it becomes even harder because the output of this. Models are non deterministic by nature, right? So you have like a search index which is constantly being updated, refreshed, new pages, pages updated, new events. Then you have a model which whose output is non deterministic, you mix the two, then the output is Kind of hard to reason about in an automated way, right?

So what we’ve done is like, we have multiple, let’s say, layers of testing. the first one is automated testing. So we do manage to kind of, you know, replay hundreds of queries, real queries that we’ve seen for which we know what kind of things to expect in the answer, right? If you take, let’s say, height of Everest, well, no matter it’s phrased, you want to see 8, 800 meters somewhere.

Right. Like you can do it a bit fuzzy, of course, but like you kind of have this expectation. We can do some checks on the, you know, the entities that you expect in the answer on the format. So it’s not perfect, but it gives you kind of a good approximation of you didn’t break something fundamentally if you make a change, right?

So it’s like very helpful to iterate. You make a change, you run it again. It takes maybe a couple of minutes or three minutes. So it’s like very nice. And then in the end, you still need human assessment, kind of validate any meaningful change. So we do have a quality team whose job is to actually evaluate the search results, but now also sensor with AI.

And we’ve built like custom tooling for that. So the, I mean, one of the tools we’ve built is like some kind of chatbot arena internally, where you have a blind testing tool, you get a random query, you get a screenshot of two versions of the system. Randomized. And you need to say which one is better.

Right. And it’s used by the quality team. It’s used by, you know, anyone internally in the team. So we get like multiple opinions because as we’ve seen, you know, different people might prefer slightly different things. People prefer more verbose, less verbose, more concise, etc. Right. So it’s important to have a bit of a panel of different people assessing to get kind of a balanced view in the end.

Right. And then of course the last part is dog fooding. I mean, everyone that you know in the team uses Brave Search, every day at work, outside of work, and we get like great feedback from that. So it’s like super valuable.

[00:35:21] Luke: How’s the user feedback been so far? Are you seeing anything that’s kind of surprising?

I always see this when we throw stuff in market, you know, you see we few things or you’re like, whoa, I didn’t anticipate that. You know?

[00:35:30] Remi: Yeah. You have no idea what , what are people gonna do . I, I think one data point is, it ties back to what you said. A bit earlier, but some people saying, you know, there is AI.

How do I disable this thing? Right. And we’ve seen, you know, on communities like Reddit and Hacker News, people write, Oh, I didn’t like it, or I didn’t know I needed it, but now that I. See it in action. I cannot do without it. I think that’s the best feedback because people realize that this is valuable. It helps them, you know, find answers faster, or maybe it helps them do what they could not do at all without rates.

So that’s like pretty amazing to, to see this kind of feedback.

[00:36:08] Luke: What about you, Joseph? Anything surprising coming in?

[00:36:12] Josep: No, no, we have a lot of very good testimonials. We, of course, have a couple of testimonials that like this is factually incorrect. And then we actually checked and the web is wrong. Some other things are opinions.

There is a lot of like controversial topics where no good answer exists that doesn’t offend someone and answers just make that thing worse because someone is going to get offended in a way or another, but in general, the feedback is very good. And like Remi said, like the biggest positive feedback is that we have shown these answers to a lot of people, but like not everyone is like, on Hacker News all day long, but I know all the startups or they, or they did have, YouTube tutorials that they do X, Y, Z, right?

And we do serve about like 27 million queries per day. One third of those trigger the answers, right? So that’s almost like a, let’s say rounded up 10 million answers per day. That’s a lot of eyeballs, right? And it has raised awareness that that thing exists. For

[00:37:22] Luke: me too, looking at this space broadly, it’s like, you see when all the hype cycles happening and people are starting to use their buzzword bingo about stuff and you know, Oh, AI is ubiquitous.

It’s everywhere. What this has done for me is it’s kind of actually brought it home in a way where it’s like, look, like, sure, these things will be ubiquitous, but really like it. Putting this stuff in search, search is ubiquitous. Everyone’s using it, right? Like, like this, this is one of the best use cases for AI.

I think I’ve, I’ve, I’ve seen to date that as far as like utility and mass and, and actually like getting something that people could have help from right away that they’re not going to forget about, which is also something that I’m getting users to change their habits is really hard. And I think that, you know, by approaching this with this way and search, it’s really, really clever.

And. And with those ethos that you guys kind of were covering earlier aligned so well with what we’re doing here. I think it’s, it’s really kind of an under, underrated, undervalued thing in market right now, when you look at all of the kind of stuff that’s driving the hype out there. So I, I, my hat, tip my hat to you guys for cooking all this up.

This is amazing. and, I think this is really going to be impactful. I think one kind of out there question, like, you know, looking at the horizon for things, right. And I know Brendan talks about. There’s a lot in, in our ad platform too, kind of leverages some of the local data. Like when you guys look at things like answer engine long term, right?

Like beyond, I’m talking, you know, future, future, like do you see a a, a potential here for having it answers enhanced about, based on what’s locally in my browser by where I am in the world. Like all of these types of like, you know, next level types of results you could get. Do you see us going in that direction eventually?

[00:38:57] Josep: Yes, I mean, where you are in the world, I mean, already being used, but in any case, like, you mean, like, more like a personalized context? Yes, but that doesn’t have to be done in the context of, of Leo, right? Like the in browser. AI, right? That’s why Leo is like the in browser AI of, of reform and your audience shouldn’t be familiar with it right now.

There is no integration per se, but we are working heavily on, on how to integrate, right? Because like, you know, where they are complimentary, right? Like a search is more like a, a one off for a task. Of course it can be iterative, but that’s not meant to be where Leo is more like the user agent, where you can.

Like, you can expand and you can, like, really dig down into a particular topic. And of course, because it’s local, it could have like local information that is private to you, user sessions, and all the things that we do not want to keep. Again, for privacy considerations, they could be kept in the browser in a much safer way.

So we are like working on that. That’s kind of the big step forward. We haven’t done it so far. It’s mostly because the, you know, I just want to stop shop. I keep referring to right now because right now it’s actually difficult to transition from one system to another without the user, without the user.

Getting lost in the, in the way. Right. So there has to be like, once we have the integration worked out where like people understand clearly, like what’s going on, what’s going to get happened when you do something. Right. When we work out on this details, which hopefully is going to be very soon, then we will have like a clear winner, right?

Where like, you know, you start on search, then you transition to Leo and then you do like the, the heavy lifting. Or the other way around you’re liking or leo can actually have access to real time information using research

[00:40:47] Luke: Yeah, it’s really interesting because it’s kind of almost like we’re catering to two sides of a coin where you’ve got real like power AI users that might be using something like Leo and early adopters or people that are using it as part of their, you know, even a work function.

Right? And then you’ve got also like everybody else is doing like a search. Eventually these things kind of like a purging effort for both sides is really interesting and it’ll be cool to see them come together. I know we’re way over time. I really appreciate you guys making the time to come here and talk through this.

Is there anything we didn’t cover that you all want the audience to know about that they might find interesting whether it’s about the AI engine or about any of the broader stuff you guys are working on?

[00:41:29] Remi: And maybe we can touch briefly on some of the challenges that we faced while building it. Yeah, please do.

[00:41:34] Josep: I mean, to me, because that’s what I love, you know, building and solving problems, that’s one of the most interesting aspect of it. and we faced like quite a bunch of them.

I mean, there are two kind of categories of challenges. One is like performance because, you know, with the traffic that we mentioned, it’s actually not a trivial thing to serve, you know, these big LLMs at scale, although we did have a. Lot of experience because we’ve been, you know, using transformers for years now, but on, you know, smaller models, a stricter latency budget and everything, right?

[00:42:06] Remi: So like this new feature requires like a different kind of way of, of, of deploying this model. It is like streaming continuous matching all of these things. So we have had to do a lot of work to make sure we find the sweet spot in terms of costs, because we don’t want to, you know, spend mindlessly all the money on the GPUs and performance.

So that the users, you know, get a great, great experience that is fast and snappy, and they get the answer they need quickly. Right. Second aspect is quality. Of course, we’ve touched on it. Just want to maybe add like a few, few more elements on that, like to take a step back, like, you know, when you have a traditional search engine, like What you do is you take any user query with any intent, and you’re going to try to find the top 10 pages out of billions that you have in your index, right?

And that’s already extremely hard, as we know, because we built it, right? Built it. At this point, you kind of expect the user to go open a few pages and find the answer wherever it is. Maybe it’s in a paragraph, maybe it’s Whatever, right? But you know, like from the perspective of answer with AI, it’s not because the first page on the result set is there, but the whole content of the page is relevant, right?

Maybe it’s a subset of it, right? So with answer with AI, you kind of take on this job for the user and you need to go look. in a much more granular way to pick up the right information, right? And the right information might be, as I said, like paragraph, maybe it’s a single sentence, maybe it’s a table, maybe it’s a row in a table, maybe it’s like some structured data, you know, like JSON schemas, these kinds of things.

So we’ve had to kind of, Leverage a lot of technology we had, you know, like embeddings, models, Q, Q and A, question answering models, semantic understanding, which we already had built in house for like all the other search features we built over the years. But now we’re able to leverage that to go, you know, much finer grained.

And go pick up the right context and then have the model work on that and produce the final answer. So I think that’s kind of this mindset change is pretty interesting and also where the challenge lies, right? When you, when you build such feature. Maybe one last thing is on this, like, you know, entities we’ve mentioned before, I think Joseph touched on that earlier.

Some answers are texts, some answers are not text, right? You have like cards, maybe like a thumbnail. It’s kind of interesting because What we are doing here is you take a stream of tokens from a model and then on the fly, you’re transforming the stream of token into a different representation, right? So you’re like detecting, oh, this is about entities of type, let’s say albums, right?

And then you kind of fetch more information on the fly and then present it in the end with like all the metadata that makes sense, like some label. And title and stuff like that. And we’re going to expand on that in the future. So it’s going to be hopefully more and more useful for the user. But it’s kind of an interesting challenge to, to build this system.

[00:45:14] Luke: Yeah. I mean, I just remember even before any of this AI stuff or summarizer got worked in, like being on a call with a colleague, Jan and Aldo, and he’s pulling up, we were talking about a partner. He’s pulling them up and comparing them just on the basic search results and making sure that they’re fast enough.

And one thing that’s kind of stood out here is that, yeah, there is kind of a little bit of time, but if I compare that against answer outputs on like, you know, chat GPT or other things, it’s, it’s much faster than what I would typically get in a bot, right, or prompt. Whatever you guys are doing there, it sounds like you guys are having a chisel at some pretty interesting, you know, automation, custom stuff to make that performance side of it works, but it’s cool.

I mean, like, yeah, it is neat to see this kind of richer experience when it, when it’s necessary. But I really also kind of like what, what Joseph’s talking about too, where like, I think part of the wrench is that we don’t have to show you something every time, getting that part right is, is much harder than people think, I think, or appreciate, but there’s value in that too.

Yeah.

Just so people know, I mean, like some of this is, is probably obvious, but, but like, you know, if people see a result that they think is an accurate, or if they see something that could be improved, like I know there’s feed, there’s always in feedback loops and in search, like what’s the best way for people to get you actionable information?

Is it to use those feedback loops and like thumbs up, thumbs down, things are in the product or what would you guys recommend like specifically on quality?

[00:46:35] Josep: There is like a feedback button on every result on the page. A fair amount of people submit feedback, probably only a fraction of the feedback.

Sometimes actually like I’m surprised to see like how often the feedback is positive, which means that we have very nice users who actually report positive feedback, which is rare. But that’s one way. Then for things that are like really offensive or really like dangerous, Like community forums on the web or Twitter is also acceptable for like things are dangerous.

Last on the list, I mean, if we actually have some, because like the web could contain like personal information, you know, like a phone number, like names, things like we do respect the right to be forgotten that is mandatory in the U S on the EU, but we expand it also to the whole world. So if there is like some data that shouldn’t be indexed, There is like, an email where, like, privacy at brave.

com, where like, you can submit and actually it’s not privacy, don’t check the email later, but basically like people can submit like, read to be forgotten, which is also important. An important thing, right? Because the web, as Remi said, the web has everything for the good and for the bad.

[00:47:53] Remi: Everything and more.

[00:47:56] Luke: Great point too. I mean, about, about people, you find information in there too. And we just actually interviewed Pat Walsh recently too. And

[00:48:02] Josep: yeah, Pat is the one who’s reviewing those cases because those cases is not that you can send URLs, like, okay, I want those removed. No, no, I mean, that has to be, you have to prove that you actually are the person behind that, that thing.

And that’s like. Damaging for you, you have to demonstrate, certain aspects, but then we, we got, we get those as any search engine there is that has its own index. Those are problems that others do not have, but we do have that because, we need to clean up our own index.

[00:48:30] Luke: Joseph, Remi, I really appreciate you guys, coming on the show today.

I’d love to have you all back too, when we’ve got more new things to roll out. Thanks so much. Until next time, have a good one, you guys.

[00:48:43] Josep: Thank you for having us.

[00:48:47] Luke: Thanks for listening to the Brave Technologist podcast. To never miss an episode, make sure you hit follow in your podcast app. If you haven’t already made the switch to the Brave browser, you can download it for free today at brave.com and start using Brave Search, which enables you to search the web privately. Brave also shields you from the ads, trackers, and other creepy stuff following you across the web.

What the Brave Search answer engine can do 

The secret ingredient of an answer engine is not the LLM that powers it, but the combination of a model with up-to-date, reliable data. Such data can help supply the context from which the model derives the answers it presents to the user. Or, to put it another way: an effective answer engine requires both a model and access to a search engine. With API access to a search engine, even individual contributors can generate a reasonable answer engine.

This is why Brave Search—with its index of 20 billion pages, curated and cleansed of the SEO spam and junk content that plagues other indexes—is uniquely positioned to provide such a powerful answer engine. It has the data needed to generate an accurate and timely answer, and the context.

Answers enriched with text and other media

With the new answer engine, Brave Search aims to provide not just answers, but an integrated system to satisfy the multiple intents a user might have, and to do so at scale (currently Brave Search serves more than 27 million queries per day). Loosely speaking, these intents fall into one of a handful of categories:

Navigational: Queries for specific sites, such as “Facebook” or “Twitter.” Informational: Question-based queries, or those seeking information, which generally fall into two subcategories: Specific lookups: These are often served by rich user interfaces built around structured realtime information (e.g. currency conversion rates, weather, or sports results) or custom widgets with non-real time based, deterministic data (e.g. unit conversion or time and timezone conversions). Question-like queries: Queries such as “How do I find north when hiking?” Commercial: Queries with the intent of finding or researching products and services. Transactional: Queries with the intent of completing an action (e.g. buying a product).

Given relevant context, most existing answer engines do well at informational, question-like queries. However, they tend not to perform as well on other kinds of queries. With this latest release, Brave Search will default to an answer engine experience for likely informational, question-like queries.

Answers for informational queries

For all other categories, users can trigger the answer engine on demand by simply clicking Answer with AI. This offers a best-in-class experience of both options: an answer engine that’s both predictive and optional.

Brave Search’s generative answers are not just text. The deep integration between the index and model makes it possible for us to combine online, contextual, named entities enrichments (a process that adds more context to a person, place, or thing) as the answer is generated. This means that answers combine generative text with other media types, including informational cards and images.

Answer with AI results

The Brave Search answer engine can even combine data from the index and geo local results to provide rich information on points of interest. To date, the Brave Search index has more than 1 billion location-based schemas, from which we can extract more than 100 million businesses and other points of interest. These listings—larger than any public dataset—mean the answer engine can provide rich, instant results for points of interest all over the world.

Result for point of interest

Summary of top stories related to a current event

Summary showing cited sources

How to try Brave Search’s Answer with AI feature

Brave Search can be accessed by anyone on the Web at search.brave.com, and is also the default search engine in the Brave browser for multiple countries. Answer with AI is available for all Brave Search users for searches in English, French, German, Italian, and Spanish (the answer engine functionality is available in other languages as well, but some answers may appear in English). It’s available on all platforms, on desktop and mobile.

If Brave Search is already your default search engine, simply start a search in the address bar of your browser. For question-like queries, the answer engine should produce an answer by default, which will appear at the top of the search results page. Users also have the option to request answers on-demand by clicking / tapping the Answer with AI icon that appears beside the search bar on any search results page.

The Brave Search answer engine is free to all users, and we hope to keep it this way, as we believe this is a natural evolution of search engines. In the future, we may also add a paid option, with premium experiences such as the ability to have an open ended chat, possibly in conjunction with the premium options offered by Brave Leo, the AI assistant in the Brave browser.

The impact of answer engines on the Web

There is a clear demand from users for convenient methods of consuming content, and AI-augmented answers are a key example. On the other hand, delivering on this demand can contribute to the erosion of the incentives for publishers to put out content on the Web, ultimately changing its very nature.

This challenge is not unique to Brave Search, but present across most AI-powered answer engines and chatbots, premium or open. Brave, as both a browser and search engine, is aware of these challenges. Consequently, we will be monitoring and quantifying the impact of AI-generated content on site visits, and eventually will address the disruptions that could be caused by the drop in traffic. We hope others are working on this as well.

Note: This post was updated June, 2024 to include a link to the Brave Technologist Podcast interview with the Brave Search team.

Tuesday, 16. April 2024

Horizen - Blog

Mainnet Node Software Upgrade: ZEN 5.0.2 is Available to Download

The new version ZEN 5.0.2 is available to download on GitHub and via Docker. The post Mainnet Node Software Upgrade: ZEN 5.0.2 is Available to Download appeared first on Horizen Blog.

The new version ZEN 5.0.2 is available to download on GitHub and via Docker.

DOWNLOAD ZEN 5.0.2 NOW ZEN 5.0.2 is the official Release for Mainnet and Testnet. ZEN 5.0.0 and ZEN 5.0.1 (previous versions) are going to deprecate on Mainnet at block #1554150, on May 7th, 2024 at approximately 3:00 AM UTC. Please, update to ZEN 5.0.2 before May 7th, 2024. ZEN 5.0.2 will not perform any network upgrade on Mainnet via Hard Fork. Nodes running on Mainnet and Public Testnet should be updated with this version.

See release notes Here

Please let us know if you have any questions or need further support by contacting us on our Discord.

The post Mainnet Node Software Upgrade: ZEN 5.0.2 is Available to Download appeared first on Horizen Blog.


Circle Blog

Circle Completes SOC 2 Type 2 Cybersecurity Audit

Circle marked a significant compliance milestone this month by completing a System and Organization Controls (SOC) 2 Type 2 security audit under standards established by the American Institute of Certified Public Accountants (AICPA).

Circle marked a significant compliance milestone this month by completing a System and Organization Controls (SOC) 2 Type 2 security audit under standards established by the American Institute of Certified Public Accountants (AICPA).


Zaisan

What is the difference between a Private versus Public Blockchain

Blockchain technology has many different use cases. Some are more suitable for public blockchains, and others are more suitable for private blockchains. The difference between public and private blockchains can be confusing, leaving many people wondering which of the two is most suitable for their situation. In this article, we will explain the main differences between […] The post What is

Blockchain technology has many different use cases. Some are more suitable for public blockchains, and others are more suitable for private blockchains. The difference between public and private blockchains can be confusing, leaving many people wondering which of the two is most suitable for their situation. In this article, we will explain the main differences between public and private blockchains, and when you should use which one.

What is a public blockchain?

Let’s start with the definition of a public blockchain. A public blockchain is a permissionless blockchain that allows anyone to join and participate in blockchain activities. This means anyone can contribute to the blockchain and can access the data on it.

In addition, public blockchains are decentralised, ensuring no single entity has control over the blockchain. This decentralisation also ensures that transactions on the (public) blockchain are verified by all nodes and are immutable once they’re on the blockchain.

Differences between public and private blockchains

While the above features sound nice, private blockchains might seem very similar at first glance. What are the differences and benefits of both types of blockchains?

The main difference between public and private blockchains lies in who can write and read data from that blockchain. On public blockchains, everyone can write data to and read data from the blockchain. On private blockchains though, a permissions system is in place, which determines who can perform certain actions, including reading and writing data.

Another important difference is the ownership of the blockchain. Generally speaking, public blockchains are decentralised and do not have an owner. Private blockchains, however, are generally owned by a single entity. This makes public blockchains more resistant to censorship than private blockchains.

Anonymity is another key difference between the two. Due to the permissionless nature of public blockchains, participating entities are anonymous. This can be both a benefit and a downside, depending on the use case.

Other differences are speed and scalability. Public blockchains tend to be slower and less scalable, due to their decentralised nature, while private blockchains are generally much faster and more scalable, as they don’t have to worry about decentralisation.

Picking the right blockchain

Now that you understand the differences between public blockchains and private blockchains, you should consider which blockchain is most suitable for your solution.

If your solution requires censorship resistance and the added security of decentralisation, a public blockchain is the best fit. However, if the need for high scalability, fast transactions, and a permission system take priority, a private blockchain is likely more suited.

Which public blockchain should I use?

While picking the right kind of blockchain to suit your situation best can be quite challenging, picking the right public blockchain can be even more challenging. There’s a wide variety of available public blockchains, each of them designed to serve a specific use case and/or industry. So, which one should you use?

A lot of people assume Bitcoin or Ethereum are the best public blockchains, and in a sense, they are. They are the first of their kind and are very resistant to censorship due to the high number of participants. However, these blockchains have relatively low transaction speeds and suffer from scalability issues, due to outdated consensus mechanisms used.

Modern-day, public blockchains use newer, faster, and more scalable consensus mechanisms that safeguard the benefits of public blockchains while tackling the transaction speed and scalability issues generally associated with public blockchains.

One of these public blockchains is the Europechain by Zaisan, an enterprise blockchain created by a group of system integrators and technology providers from around the European Union. This public blockchain uses the latest software to ensure fast transaction speeds and enterprise-level scalability. In addition, the blockchain offers solutions that ensure compliance with the General Data Protection Regulation (GDPR), making blockchain legal issues a problem of the past.

Key takeaways A public blockchain is a permissionless blockchain that allows anyone to join and participate in blockchain activities. Public blockchains are decentralised, which means that no single entity has control over the blockchain. Private blockchains feature a permissions system that determines who can perform certain actions, including reading and writing data. Private blockchains tend to be owned by a single entity, which makes public blockchains more censorship-resistant. Public blockchains are better suited for solutions that require censorship resistance, added security, and decentralisation Private blockchains are better suited for solutions that require high scalability, fast transactions, and a permission system. Zaisan offers a public, GDPR-compliant blockchain built with the latest technology to offer fast transaction speeds and enterprise-level scalability.

The post What is the difference between a Private versus Public Blockchain appeared first on Zaisan.


bankless

Is $TIA Modular Money? | Nick White

In today's episode, David delves into the interesting dynamics between Ethereum and Celestia. While Ethereum and Solana are often seen as the main rivals, Celestia shares similar design philosophies and goals but with notable differences. Is it Ethereum's true competitor? Joining us to help answer that question and much more is Nick White, COO of Celestia Labs. ------ 📣 SPOTIFY PREMIUM RSS FEED

In today's episode, David delves into the interesting dynamics between Ethereum and Celestia. While Ethereum and Solana are often seen as the main rivals, Celestia shares similar design philosophies and goals but with notable differences. Is it Ethereum's true competitor? Joining us to help answer that question and much more is Nick White, COO of Celestia Labs.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🔐 SAFE | ATTEND SAFE{CON} https://bankless.cc/SafeCon

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

------ TIMESTAMPS

0:00 Intro 5:28 Celestia 2 Years Ago 6:30 Build Whatever & DA 11:29 Celestia Design Architecture 19:15 Ethereum vs. Celestia 22:26 Celestia No Virtual Machine Trade-Offs  29:57 Sharing DA Layers & Blockchain Interoperability 37:23 Celestia Trustlessness 42:09 DA as a Commodity?  54:09 Network Effects of DA 57:35 $TIA’s Role in Celestia Ecosystem 1:01:50 Lightnodes  1:04:57 $TIA’s Moneyness 1:10:20 Execution & Settlement Layers 1:16:46 Cosmos & Celestia & Ethereum 1:21:56 Sovereign Endgame  1:26:42 Closing & Disclaimers   ------ RESOURCES

Nick’s 1st Bankless Episode  https://youtu.be/bmSU3cZhe3U  

Nick White https://twitter.com/nickwh8te  

Celestia https://twitter.com/CelestiaOrg  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠  

Monday, 15. April 2024

RadicalxChange(s)

Matt Prewitt: Lawyer, Writer, & President of RadicalxChange Foundation

In today’s episode, guest host Margaret Levi interviews Matt Prewitt, President of RadicalxChange Foundation. With the tables turned from our last episode, Margaret interviews Matt on rethinking property rights. Beginning with a reflection on the state of political liberalism, Matt dives into the mechanics of Partial Common Ownership (also known as “Plural Property”) and it being part of the solut

In today’s episode, guest host Margaret Levi interviews Matt Prewitt, President of RadicalxChange Foundation. With the tables turned from our last episode, Margaret interviews Matt on rethinking property rights. Beginning with a reflection on the state of political liberalism, Matt dives into the mechanics of Partial Common Ownership (also known as “Plural Property”) and it being part of the solution to manage assets in a fairer, more efficient way and how experimentation like PCO can lead toward a politics of change.

RadicalxChange has been working with Margaret Levi and her team at Stanford, together with Dark Matter Labs, on exploring and reimagining the institutions of ownership.

This episode is part of a short series exploring the theme of What and How We Own: Building a Politics of Change.

Read more in our newsletter What & How We Own: The Politics of Change | Part II.

Links & References:

References:

Adam Smith | Wikipedia Liberalism | Wikipedia Liberalism - Ronald Dworkin Partial Common Ownership AKA Plural Property | RxC Wiki PCO Art | RxC Wiki Radical Markets by Glen Weyl and Eric Posner Elinor Ostrom | Wikipedia

Bios:

Matt Prewitt (he/him) is a lawyer, technologist, and writer. He is the President of the RadicalxChange Foundation.

Matt’s Social Links:

@m_t_prewitt | X

Margaret Levi is Professor of Political Science and Senior Fellow at the Center for Democracy, Development and Rule of Law (CDDRL) at the Freeman Spogli Institute (FSI) at Stanford University.

Margaret’s Social Links:

Margaret Levi | Website @margaretlevi | X (Twitter)

Additional Credits:

This episode was recorded and produced by Matt Prewitt.

This is a RadicalxChange Production.

Connect with RadicalxChange Foundation:

RadicalxChange Website @RadxChange | Twitter RxC | YouTube RxC | Instagram RxC | LinkedIn Join the conversation on Discord.

Credits:

Produced by G. Angela Corpus. Co-Produced, Edited, Narrated, and Audio Engineered by Aaron Benavides. Executive Produced by G. Angela Corpus and Matt Prewitt. Intro/Outro music by MagnusMoone, “Wind in the Willows,” is licensed under an Attribution-NonCommercial-ShareAlike 3.0 International License (CC BY-NC-SA 3.0)


bankless

Your Guide to the Bull Run | Raoul Pal

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-raoul-pal-interview  ------ Bankless Nation, we’re having none-other than Raoul Pal, a frequent guest on this show, who needs no introduction. Expect to understand debasement, how to navigate the different crypto seasons, and Raoul’s secular thesis. Besides his key learnings, Raoul also gives a peak

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-the-raoul-pal-interview 

------ Bankless Nation, we’re having none-other than Raoul Pal, a frequent guest on this show, who needs no introduction.

Expect to understand debasement, how to navigate the different crypto seasons, and Raoul’s secular thesis. Besides his key learnings, Raoul also gives a peak into his portfolio and shares some hot takes on the current state of AI.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠   

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://bankless.cc/4aykesD 

------ TIMESTAMPS

0:00 Intro 6:35 SEC Suing Uniswap? 9:57 US Regulation Handbrakes 19:48 State of the Bull Market 29:45 Navigating Interest Rates 35:40 Understanding Debasement 47:25 Crypto Adoption 57:11 Crypto Summer 1:03:12 The L1 Race 1:07:17 The Role of ETFs 1:13:37 The Next Winter 1:17:52 Crypto Skeptics 1:22:15 The Secular Thesis 1:26:20 Raoul’s Portfolio 1:30:47 Real Vision 1:33:01 The State of AI 1:36:31 Closing & Disclaimers

------ RESOURCES

Raoul Pal https://twitter.com/RaoulGMI  

Real Vision Festival of Learning https://www.realvision.com/festival-of-learning 

Raoul Pal The Journey Man https://www.youtube.com/@RaoulPalTJM 

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.

See our investment disclosures here: https://www.bankless.com/disclosures  

Sunday, 14. April 2024

PIVX

PIVX Champions The Future Of Digital Cash

PIVX is a Privacy Cryptocurrency Coin. Privacy crypto coins are like digital cash that keeps your transactions private, hiding who sends money to whom and how much. They’re needed to protect your financial privacy from prying eyes, ensuring that your transactions remain confidential and secure. Why PIVX? We offer an ethically-minded choice for your private digital cash. We have an easy-to-u

PIVX is a Privacy Cryptocurrency Coin.
Privacy crypto coins are like digital cash that keeps your transactions private, hiding who sends money to whom and how much. They’re needed to protect your financial privacy from prying eyes, ensuring that your transactions remain confidential and secure.

Why PIVX?
We offer an ethically-minded choice for your private digital cash.
We have an easy-to-use wallet, self- funded community, opportunity for rewards, and we are relentless in our pursuit to be a 100% private crypto.

Join PIVX Today!
PIVX.org / Discord.PIVX.org

PIVX Champions The Future Of Digital Cash was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Friday, 12. April 2024

bankless

"We Plan to Win" - Hayden Adams on Uniswap vs. the SEC

Crypto's OG darling exchange, Uniswap is under attack after it received an enforcement notice on Wednesday, April 10th, 2024 from none other than Gensler's anti-crypto SEC. Uniswap’s CEO Hayden Adams joins us on the podcast to share what happened, how they plan to fight, and what the industry can do to support.  ------ 🦄DEFEND UNI | FREE MINT  https://zora.co/collect/base:0x3cc5c1

Crypto's OG darling exchange, Uniswap is under attack after it received an enforcement notice on Wednesday, April 10th, 2024 from none other than Gensler's anti-crypto SEC.

Uniswap’s CEO Hayden Adams joins us on the podcast to share what happened, how they plan to fight, and what the industry can do to support. 

------ 🦄DEFEND UNI | FREE MINT  https://zora.co/collect/base:0x3cc5c167ff67ff31f8bee4b5523c684ce1172bfd/1 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://go.coindesk.com/4cBztCA 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

------ TIMESTAMPS 

0:00 Intro 3:15 Uniswap’s SEC Wells Notice  5:02 Comms Between SEC & Uniswap 7:23 Is $UNI a Security?  11:12 Supreme Court  13:13 Consequences of U.S. Crypto Entrepreneurs  22:01 Uniswap Labs vs. Uniswap Protocol  31:35 How Far Will the SEC Go?  33:55 Why Uniswap Is Important 39:08 Who Protects Investors More?  42:25 Are Hayden & Uniswap Ready?  43:16 Will Crypto Win?  43:29 How to Support 45:08 Closing & Disclaimers

------ RESOURCES

Hayden Adams https://twitter.com/haydenzadams 

Uniswap https://twitter.com/Uniswap  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 


Panther Protocol

Weekly Update | Panther Protocol

Fellow Panthers, As this week wraps up, we’re excited to share our latest news with you. This week’s update covers the latest updates regarding our ecosystem and testnet development. Ecosystem updates Testnet Stage 5 is now live with enhanced gas management and improved transaction processing Stage

Fellow Panthers,

As this week wraps up, we’re excited to share our latest news with you. This week’s update covers the latest updates regarding our ecosystem and testnet development.

Ecosystem updates Testnet Stage 5 is now live with enhanced gas management and improved transaction processing

Stage 5 of our testnet is live. Stage 5 includes using a third party Relayer service (a.k.a Bundler) and supports gasless transactions via an Account Abstraction Paymaster contract. 

Panther’s CTO, Anish Mohammed, on Proof of Podcast

Last week, our Co-Founder Anish Mohammed joined Hake from the Proof of Podcast to discuss tokenomics design and cryptography.

Panther’s CEO, Oliver Gale, at ETH Dam

Our Co-Founder and CTO, Oliver Gale, will take the stage at Crypto Canal’s ETHDam on April 13 to share his insights on alpha protection through privacy for DeFi users.

Panther Protocol testnet and rewards update

Current testnet users: 3000+

Total rewards distributed: 700,000+ $ZKP

Our testnet rewards pot is 2 million $ZKP — have you signed up for our testnet yet to earn your share? Grab the latest link from Panther’s docs to join our testnet and receive your $ZKP rewards.

Product updates. Stage 6 developments

Stage 6 of the testnet dApp includes fee management and basic disclosures. Development for Stage 6 is complete and currently under testing. The team plans to release Stage 6 later this month. 

Completion of the first round of audit 

Panther recently completed Veridise’s first round of audits for circuits and smart contracts. The team is working on Enhancement Stage 2 to incorporate feedback from Veridise’s recent audits and other dApp improvements. We expect to release updates made to the dApp together with Stage 6 for community testing.

Mumbai Network Shutdown

As Polygon transitions to a new test network in response to the deprecation of the Ethereum Goerli test network (the underlying L1 for Mumbai), Mumbai has ceased operations. This development was somewhat unexpected, as we anticipated that Mumbai would remain operational until full network support for Amoy was established.

In the interim, we want our testers to know that their $ZKP rewards are SAFE and that the $ZKP rewards accumulated from Stage 1 testing up to the present are secure. You will receive these rewards as planned.

Next Steps: The Panther team is actively exploring alternatives to continue our testing processes effectively. Stay tuned for further updates on our Discord and Telegram groups, and thank you for your continued support and understanding.

Stage 7 development

Stage 7 of the testnet dApp includes DeFi swaps, advanced disclosures, other supported assets, and canary deployment (use of real tokens). The team is working on Stage 7 in parallel with Stage 6 and Enhancement Stage 2. We are currently working on UI/UX development and expect to release Stage 7 for community testing in the first week of May.

About Panther

Panther Protocol is a cross-protocol layer that uses Zero-Knowledge technology to build DeFi solutions that aim to meet ever-evolving regulatory standards while satisfying users’ on-chain data privacy needs. Panther’s goal is to enable seamless access to DeFi via a cross-chain-supported ZK compliance protocol. Panther Protocol offers confidentiality across transactions in Shielded Pools; zSwap for DeFi integrations — enabling private swaps on third-party DEXs; and zTrade for internal OTC book for trading assets privately. Furthermore, Panther Protocol’s Zero-Knowledge primitives are generalizable to KYC, selective disclosures between trusted parties, private ID, voting, and data verification services.

Website · One-pager · Lite Paper · Twitter · Telegram · Discord


BlueYard Capital

Join Our Team as a Crypto Associate

Backing open-ended breakthrough research is at the core of BlueYard’s investing philosophy, whether it’s nuclear fusion, programmable stem cells or novel crypto-compute infrastructure. Hackers and researchers remain the essential backbone of the crypto industry. We are proud to have supported the work of research-focused companies like Protocol Labs, Filecoin, Flashbots, Privy, Ingonyama, Tromero

Backing open-ended breakthrough research is at the core of BlueYard’s investing philosophy, whether it’s nuclear fusion, programmable stem cells or novel crypto-compute infrastructure. Hackers and researchers remain the essential backbone of the crypto industry. We are proud to have supported the work of research-focused companies like Protocol Labs, Filecoin, Flashbots, Privy, Ingonyama, Tromero and more in solving critical crypto compute and infrastructure challenges, including those that could be key to unlocking adoption and enabling groundbreaking novel use cases.

This brings us to our core thesis underpinning our crypto investing strategy:

In the history of technology, economics and organizations — never has there been a technology and incentive system that can autonomously coordinate machines (compute, storage, etc), algorithms, data and capital at such an incredible scale, so quickly — all while providing independent, robust and trustless infrastructure for economic activity and data. Although still early in its development, crypto might be the ultimate solution to the collective action problem. Also, if one believes in a future where the autonomous coordination between compute, data and capital will play an increasing role, crypto networks could be the “under the hood” operating system for large economic networks.

Due to crypto’s inherent properties (ability to cut out gatekeepers, separation of state and money, internet native assets with open access) — crypto’s potential will unfold both through novel applications and decentralized infrastructure.

We are excited to be expanding the BlueYard team with a dedicated Crypto Associate position. This is designed to be a two-year role based in the US (ideally New York, but we’re flexible with the right candidate), supporting the team in backing entrepreneurs that are decentralizing markets and empowering humanity using crypto. At the core of BlueYard is the belief that venture capital is a product for entrepreneurs (and networks / protocols…), and if you are inspired by working with an intellectually curious, small and value-driven team, we want to hear from you.

The Associate role includes:

Identifying technologies and trends that will positively impact economies and societies and represent attractive early stage venture investment opportunities in crypto Carrying out market, company and protocol due diligence on investment opportunities Working with our portfolio companies and networks / protocols to support them Helping with our community management and events Supporting with fund reporting and analyses

Here’s what we’d like you to bring to the table:

A strong understanding of and passion for all things crypto Self-(fire)starter — be able to run on your own, identify opportunities and prioritize without much guidance The ability to clearly articulate thoughts and opinions about markets, companies and networks / protocols, both in written and spoken form Strong interpersonal skills — happy to work extensively within the team and with entrepreneurs Ability to carry out market and financial analyses Native (or close to) English language skills both written and oral The willingness to roll up your sleeves

There is no ideal background for this role and a formal degree is not required. We however think that the role will be most suitable for folks with a few years of work experience and with a track record of working in crypto.

If you are interested in the position please send the following to team@blueyard.com:

Your CV If applicable, a collection of links that best characterize your online presence

bankless

ROLLUP: Uniswap vs. SEC | Eigenlayer Mainnet | Blackrock BUIDL Fund | $TNSR Solana Airdrop

Bankless Friday Weekly Rollup 2nd Week of April, 2024  ------ ➡️ Apply to the Cartesi Grants Program here:  https://bankless.cc/Cartesi  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  🛞MANTLE

Bankless Friday Weekly Rollup 2nd Week of April, 2024 

------ ➡️ Apply to the Cartesi Grants Program here:  https://bankless.cc/Cartesi 

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://go.coindesk.com/4cBztCA 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

------ TIMESTAMPS & RESOURCES

0:00 Intro

5:50 MARKET https://www.coindesk.com/markets/2024/04/11/grayscale-bitcoin-etf-sees-record-lowest-daily-outflow-of-18m  https://cryptohayes.substack.com/p/heatwave  https://www.growthepie.xyz/fundamentals/daily-active-addresses 

13:40 Revenue from Base at $40million https://twitter.com/davidomaraX/status/1777998689874628885 

15:00 4 weeks later, EIP-4844 is still a game-changer  https://twitter.com/liamihorne/status/1777689828848525607 

16:20 Movers of the Week  https://www.bankless.com/toncoins-epic-rise 

21:30 Bitcoin Ordinals taking top 10 NFT positions  https://twitter.com/ercwl/status/1777550883082875095  https://imgur.com/UnLO0F2 

22:40 Inflation hotter than expected in march - 3.8% up from 3.2% in Feb https://www.nytimes.com/2024/04/10/business/cpi-inflation-fed.html 

25:30 Gloomy news from ETH ETF frontier https://twitter.com/NateGeraci/status/1777386609760936183  https://twitter.com/NateGeraci/status/1777768937943445568  https://polymarket.com/event/ethereum-spot-etf-approved-by?tid=171284490744  https://twitter.com/dunleavy89/status/1777751802118631594  https://twitter.com/jconorgrogan/status/1777016899567604095 

34:04 Uniswap received an enforcement notice from the SEC https://x.com/Uniswap/status/1778127813138071904  https://twitter.com/haydenzadams/status/1778126466984575166  https://x.com/Uniswap/status/1778127815642075219  https://twitter.com/lex_node/status/1778167441903722768  https://twitter.com/ammori/status/1778128325996675577  https://x.com/iampaulgrewal/status/1778149863072670169  https://x.com/iampaulgrewal/status/1776292735063888374  https://twitter.com/jchervinsky/status/1778141231190552784  https://twitter.com/jchervinsky/status/1778455631277572241 

47:58 EigenLayer and EigenDA are going to mainet!  https://twitter.com/eigenlayer/status/1777757913718899074  https://twitter.com/sreeramkannan/status/1777791230556119183  https://x.com/TrustlessState/status/1778463830219092476  https://x.com/ayyyeandy/status/1778439191010873835 

1:00:40 Solana Tensor’s Airdrop https://twitter.com/TensorFdn/status/1777350377895043537  https://x.com/TensorFdn/status/1775193013230489721 

1:02:25 Bankless Airdrop Hunter https://www.bankless.com/airdrop-hunter 

1:03:25 Circle Announces USDC Smart Contract for Transfers by BlackRock’s BUIDL Fund Investors https://www.businesswire.com/news/home/20240411966052/en/Circle-Announces-USDC-Smart-Contract-for-Transfers-by-BlackRock’s-BUIDL-Fund-Investors  https://x.com/RyanSAdams/status/1778430676984897970  https://x.com/RyanSAdams/status/1778421743977173290  https://dune.com/steakhouse/tokenized-securities 

1:09:10 Raises and BVC Investments  MonadLabs raised $225M!   https://twitter.com/monad_xyz/status/1777687376136982767 

1:17:38 Bankless is hiring!  https://www.bankless.com/jobs 

1:18:00 MEME of the Week Nic vs David! 🥊 https://x.com/TrustlessState/status/1775883303268081891  https://x.com/TrustlessState/status/1774176205190709489  https://x.com/nic__carter/status/1774070020873535536  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠ 

Thursday, 11. April 2024

Epicenter Podcast

Saga: 'Ethereum and Solana CAN NOT Scale. Our Chainlets Fix This!' - Rebecca Liao

One of the most important hurdles to mass adoption is represented by blockchain scalability, which also hinders the real-life utility of its numerous applications. While there are different solutions being experimented with, one should not overlook the importance of security and decentralisation. Saga introduces the concept of chainlets, interoperable Cosmos-based sovereign blockchains that share

One of the most important hurdles to mass adoption is represented by blockchain scalability, which also hinders the real-life utility of its numerous applications. While there are different solutions being experimented with, one should not overlook the importance of security and decentralisation. Saga introduces the concept of chainlets, interoperable Cosmos-based sovereign blockchains that share the security of Saga’s mainnet validator set. The majority of their parameters are fully customisable, allowing developers to tweak them towards their own needs. Saga’s main focus is building their very own Web3 gaming ecosystem, providing game devs the scaling needed to unlock their full potential and creativity.

Topics covered in this episode:

Rebecca’s background and Saga overview ‘Infinite’ horizontal scalability Saga chainlets and their focus on blockchain gaming Saga validators and fee model Building a gaming ecosystem. UGC Validator & infrastructure challenges Saga mainnet rollout $SAGA token launch and airdrop Takeaways

Episode links:

Rebecca Liao on Twitter Saga on Twitter

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Felix Lutsch.


Zcash Foundation

The Zcash Foundation’s Q4 2023 Report

The Zcash Foundation is committed to transparency and openness with the Zcash community and our other stakeholders. Today, we are releasing our Q4 2023 report, which provides an overview of the work undertaken by the Zcash Foundation’s engineering team, as well as an overview of other activities during this period. The report also provides a […] The post The Zcash Foundation’s Q4 2023 Report app

The Zcash Foundation is committed to transparency and openness with the Zcash community and our other stakeholders. Today, we are releasing our Q4 2023 report, which provides an overview of the work undertaken by the Zcash Foundation’s engineering team, as well as an overview of other activities during this period.

The report also provides a financial update, describing our income and expenditure, with a detailed breakdown of our expenses, and a snapshot of the Foundation’s financial position, in terms of liquid assets and liabilities that must be met using those assets.

You can download the Q4 2023 report here.

Our previous quarterly reports can be found here.

The post The Zcash Foundation’s Q4 2023 Report appeared first on Zcash Foundation.


Sequoia

AI 50 2024

The post AI 50 2024 appeared first on Sequoia Capital.
AI 50: Companies of the Future

The 2024 edition of the AI 50 shows how Gen AI is starting to transform enterprise productivity.

By Konstantine Buhler Published April 11, 2024

Last year generative AI moved from the background to the foreground of the AI 50 list. This year it is front and center as we see the beginnings of major AI productivity gains for both enterprise customers and consumers. Although the majority of 2023’s AI venture funding in the U.S. went to infrastructure—60% to the biggest large language model (LLM) providers—application companies continue to dominate the AI 50 list.

Meanwhile, we are beginning to see what AI-infused companies will look like. Today, many are integrating AI into their processes as a way to accelerate KPIs. We’re seeing large companies benefit from integrating AI into their products. Workflow automation platform ServiceNow is achieving case avoidance rates of nearly 20% with their AI-powered Now Assist. Palo Alto Networks has reduced the cost of processing expenses with AI. Hubspot has scaled customer support with AI. And Swedish fintech Klarna recently announced over $40 million in run-rate savings by building AI into their customer support. Thousands of companies are now integrating AI into their workflows to see increased growth and decrease costs. AI 50 companies are enabling these rapid improvements.

Tomorrow, we expect to see UX and UI reimagined around the capabilities of AI. Replicating existing functions better and cheaper, will be followed by evolving entirely new user interfaces to deliver valuable new experiences.

What’s new this year?

The big movements in this year’s AI 50 list highlight how generative AI is increasing enterprise and industry productivity. The category of enterprise general productivity doubled this year, going from four companies to eight as they broadened  their offerings to meet customers’ growing demands. Writer, previously in our enterprise marketing category, fleshed out their product lines to apply across all corporate departments. Notion, new to the list, integrated an AI assistant across their productivity platform, and added new capabilities like calendering.

Five productivity apps, OpenAI’s ChatGPT, Anthropic’s Claude, DeepL, Notion and Tome are now catering to customers at the consumer, prosumer and enterprise levels. Image editor Photoroom, video generation app Pika and game-builder Rosebud show that the lines are blurring between consumer and prosumer for creative software. Overall, companies in that category also doubled, going from three to six.

There are fewer industry vertical categories this year, but a new industrial sector emerged. Figure in robotics, Tractian in industrial maintenance and Waabi in self-driving are beginning to show how the integration of AI software with hardware will transform work in the physical world. 

2023 was a strong year for infrastructure overall, and includes some formidable new entrants like Mistral, a major contender in foundation models. In the cloud data platform category, Pinecone and Weaviate demonstrated the importance of vector databases. Meanwhile, Databricks, through its acquisition of MosaicML last year, has also moved to join Anyscale, Baseten, Replicate and Together in the inference provider category. And LangChain has established itself in a category of its own as an all-purpose application development framework for working with LLMs.

Companies of the future

Previous waves of tech innovation—networking, the internet and mobile—have largely been communication revolutions. AI promises to be something different—a productivity revolution, more akin to the personal computer, which shaped the future of business and industry.

As more AIs are developed, they will begin to work together as networks of AIs. In the past year, we have seen generative AI extend beyond simple text or code generation to agentic interaction. Just as the rise of the PC and then the smartphone drove demand for internet bandwidth to transmit data, the evolution of AI agents will drive demand for new infrastructure to support ever more powerful computation and crosstalk.

We are entering a world where, as Nvidia CEO Jensen Huang says, “every pixel will be generated.” In this generative future, company building itself could become the work of AI agents; And someday entire companies might work like neural networks.

What we are seeing in the application landscape now are the first iterations of the tools that will be used by the next generation of companies. We can probably expect these companies to be smaller, but the ease of company generation means there will be far more of them. Company formation will become faster and more fluid, with new ownership and management structures. Someday, there may be large companies operated by a single AI engineer.

Most companies of the near future will not be one-person companies, but they will have different needs and different pain points than the companies of today. They’ll require enterprise products that can solve challenges in knowledge management and content generation, in trust, safety and authentication. The amount of software these companies will run will expand and change, with code generation and software agents enabling more customization and fast-cycle iteration.

To win the hearts and minds of the businesses of the future, founders will need to answer some critical questions. What kinds of products will these companies make? What kinds of infrastructure and applications will they need? How will the workforce change? How will patterns of distribution and value capture change? What share of their total addressable market will be composed of people vs autonomous AI agents?

What’s Next

Productivity revolutions like the AI revolution drive costs down. Technological progress this century has radically driven down the cost of hardware, but the costs of services delivered by humans, from healthcare to education, have skyrocketed. AI has the potential to reduce costs in such crucial areas making them more accessible and affordable. These changes need to be made responsibly to mitigate job loss and drive job creation. AI will enable us to do much more with less, but we will need both government and private efforts to retrain and empower everyone.

AI is positioned to change the cost structure and increase productivity in some of the most crucial areas in our society. It has the potential to lead to better education, healthier populations and more productive people by abstracting away mundane work and allowing us to focus our attention on more important issues and better tools for the future. It can free up more people to tackle more problems to create a better society. 

The 2024 AI 50 captures this broadening scope of AI. The list has applications that are more general than ever, and we expect it to expand in both depth and breadth in the coming years. 2024 is really just the beginning.

Share Share this on Facebook Share this on Twitter Share this on LinkedIn Share this via email Related Topics #AI AI Ascent 2024 Video highlights from our AI conference. Perspective Read Generative AI Is Exploding. These Are The Most Important Trends To Know Konstantine Buhler on the 2023 AI 50 list Perspective Read AI Recruits a New Hybrid Workforce by Konstantine Buhler Perspective Read AI and the Frontier Paradox By Konstantine Buhler Perspective Read JOIN OUR MAILING LIST Get the best stories from the Sequoia community. Email address Leave this field empty if you’re human:

The post AI 50 2024 appeared first on Sequoia Capital.


Circle Press

Announcing USDC Smart Contract for BlackRock’s BUIDL Fund Investors

USDC powers near-instant, 24/7 transfers at the speed of the Internet

USDC powers near-instant, 24/7 transfers at the speed of the Internet


bankless

Crypto vs. The World | Jake Chervinsky & Amanda Tuminelli

While there is always a lot of activity on Crypto Legal Front, this particular moment in time feels especially active. Today on the show we have Jake Chervinsky and Amanda Tuminelli, two of crypto’s most impressive lawyers.  Every single court case, of which there are 5 different ones discussed in this episode today, brings new precedent and new clarity to the crypto space. The theme of t

While there is always a lot of activity on Crypto Legal Front, this particular moment in time feels especially active. Today on the show we have Jake Chervinsky and Amanda Tuminelli, two of crypto’s most impressive lawyers. 

Every single court case, of which there are 5 different ones discussed in this episode today, brings new precedent and new clarity to the crypto space. The theme of this episode today might be… crypto bites back.

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://go.coindesk.com/4cBztCA 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

------ TIMESTAMPS 00:00:00 Start 00:05:18 Life as a Crypto lawyer 00:10:20 Coinbase Court Case 00:15:21 Are Airdrops Securities 00:19:34 Amanda's Take 00:22:22 Some Bad News 00:27:32 When Can We Expect Clarity? 00:30:11 Politics vs Policy 00:32:39 SEC vs ETH ETFs 00:36:55 ETH ETF Denial? 00:42:59 SEC Lying? 00:50:41 Leveraging Against Corruption 00:55:17 DeFi Education Fund vs SEC 01:03:56 Roman Storm 01:15:06 Can Courts Remain Impartial? 01:16:57 Elections Impact

 

------ RESOURCES

Amanda https://twitter.com/amandatums 

Jake https://twitter.com/jchervinsky 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Wednesday, 10. April 2024

a16z Podcast

Inside the Department of Defense and its Vision for the Future

From air-defining radar and electronic systems that helped the Allies win World War II, the origins of Silicon Valley are deeply rooted in government and defense. In today's episode, we get the chance to revisit that relationship with the United States Deputy Secretary of Defense, Kathleen Hicks. Deputy Secretary Hicks has spent decades of her career focused on defense policy and in her keynote

From air-defining radar and electronic systems that helped the Allies win World War II, the origins of Silicon Valley are deeply rooted in government and defense.

In today's episode, we get the chance to revisit that relationship with the United States Deputy Secretary of Defense, Kathleen Hicks.

Deputy Secretary Hicks has spent decades of her career focused on defense policy and in her keynote address from a16z's second annual American Dynamism Summit in Washington, D.C., you'll get an inside look into the priorities of the DoD and how it views its past, present, and future.

In the second half of the episode, you’ll hear highlights from Deputy Secretary Hicks' fireside chat with Wall Street Journal’s National Security Editor, Sharon Weinberger, where they dive into the numerous issues facing our country today, from Ukraine to the use of AI on the battlefield.

 

Resources: 

Find Deputy Secretary Hicks on Twitter: https://twitter.com/depsecdef

Find Sharon on Twitter: https://twitter.com/weinbergersa

To learn more about the American Dynamism Summit: www.a16z.com/ad-summit

Visit the full playlist of American Dynamism Summit videos on YouTube: https://bit.ly/3IqWn1W

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


bankless

The Debate Over ETH's Monetary Policy | DH + RSA

The Ethereum community is currently in debate, are we going to change the monetary policy of ETH? Why should we? Who gets to decide? What should it be? Today's episode of Bankless Takes is a masterclass on monetary policy for Ethereum and beyond. ------ ➡️ Apply to the Cartesi Grants Program here:  https://bankless.cc/Cartesi  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY2

The Ethereum community is currently in debate, are we going to change the monetary policy of ETH? Why should we? Who gets to decide? What should it be?

Today's episode of Bankless Takes is a masterclass on monetary policy for Ethereum and beyond. ------ ➡️ Apply to the Cartesi Grants Program here:  https://bankless.cc/Cartesi  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

------ TIMESTAMPS 00:00:00 Intro

00:03:23 Defining Monetary Policy

00:07:35 Total Monetary Base

00:12:46 M1 Chart https://fred.stlouisfed.org/series/M1NS 

00:15:54 M2 Chart https://fred.stlouisfed.org/series/M2NS 

00:20:05 Inflation + Purchasing Power https://fred.stlouisfed.org/series/CPIAUCNS 

00:22:50 Bitcoin Issuance Policy https://river.com/learn/who-creates-new-bitcoin/ 

00:30:22 Ethereum's Monetary Policy https://studio.glassnode.com/metrics?a=ETH&c=native&m=supply.Current&resolution=24h  https://notes.ethereum.org/@mikeneuder/iiii  https://ultrasound.money/ 

00:35:27 ETH Social Contract

00:37:23 Bitcoin Monetary Policy

00:43:09 History Of ETH Issuance https://github.com/ethereum/consensus-specs/pull/971 

00:50:58 Proposal Breakdown https://ethresear.ch/t/endgame-staking-economics-a-case-for-targeting/18751 

01:01:57 ETH Supply Curve https://imgur.com/pVrZ9Ii 

01:13:37 David's Opinion on Moving Forward

01:19:08 Ryan's Opinion

01:25:06 Policy Option 2

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 


Brave Browser

Leo is now integrated with Brave Talk video conferencing, enabling private, AI-supported meeting summaries, task lists, and more

Brave has integrated its AI assistant Leo with Brave Talk, its video conferencing tool, to provide real-time meeting summaries, task lists, and more for a more efficient and productive meeting experience, while maintaining privacy.

Today, Brave is announcing the latest integration of Leo, our privacy-preserving AI assistant built right into the browser. Brave Talk Premium users can now find Leo within Brave Talk—our privacy-preserving video calling tool—on both desktop and Android. With this integration, Leo can take Brave Talk transcriptions and summarize them, create clean meeting notes and task lists, answer follow up questions, and more.

Leo for Brave Talk allows call participants to fully participate in meetings and stay focused on discussions, and let Leo handle the logistics. As with all Brave products, this is done with our full privacy protections by default.

What are Brave Talk and Brave Leo?

Brave Talk—first launched in May 2020, and built on 8x8’s Jitsi Open Source video conferencing software—is our privacy-focused video conferencing feature built directly into the Brave browser. With Brave Talk, any Brave user can start a virtual meeting, livestream, hangout, or any other collaborative session. And anyone—even if they’re not using Brave—can join a Talk call.

Brave Talk offers video/audio conferencing, screen sharing, chat, and more, with no extra apps or extensions required—it’s built right into the Brave browser, and offers Brave-level privacy. With Brave Talk, what you say or type in the service is not logged or saved (except to enable call recordings and transcriptions); who you talk to, when, and how, stays private to you. Talk is free for up to 4 participants, with no limit on the number or length of calls. It’s also available as a Premium offering for larger groups, with call recordings and expanded moderation tools.

Leo is Brave’s private AI assistant available right in the browser. Leo can create real-time summaries of webpages or videos; answer questions about content, or generate new content; translate pages, analyze them, rewrite them, and more.

Leo combines this easy access to AI with the privacy focus of Brave. Chats with Leo are private and secure. Leo doesn’t record chats, or use them for model training, and no account or login is required to use Leo. With cutting-edge technology and privacy, Brave Leo pushes the boundaries of AI chatbot services. Leo is free for all Brave users, and also includes a Premium offering with higher rate limits.

The Leo integration is available for all Brave Talk Premium users and their meeting attendees on the Brave browser.

What does Brave Talk with Leo do?

Brave Talk can already provide call transcripts to moderators of Premium calls. With Leo integrated into Brave Talk, those transcripts suddenly become dynamic.

Whether you’re discussing project updates, brainstorming ideas, or conducting interviews, Leo can follow along with the conversation and make it easier for you to reference important points. Leo can use Brave Talk call transcripts to:

Summarize them into useful meeting notes Highlight key topics, decisions, and action items Find quotes, and consider follow-up questions Quickly catch up if you’re late or step away

With these logistical tasks handled, participants can stay focused, productive, and fully present during meetings. No more scrambling to capture details or struggling to recall important points with real-time note-taking, and no more disagreement about the content of a meeting.

“With Leo, meetings are now much more efficient. Teams can focus on the conversations instead of getting bogged down in note taking,” said Brian Bondy, CTO and co-founder of Brave. “Brave is committed to pairing AI with user privacy, and this applies to AI assistance in video conferencing as well. We’re excited to bring frictionless AI productivity to Brave Talk, and thrilled to continue our work with 8x8 to bring an exceptional conferencing experience to the millions of Brave users worldwide.”

“As technology providers, we are constantly looking for ways to innovate and provide our users with the tools and solutions they need to be more productive and efficient in their roles”, said  Emil Ivov, VP of Product for Video Platform and Services at 8x8.  “We’re excited to continue our partnership with Brave to couple industry-leading private video conferencing technology with a first-of-its-kind integration of private AI into calls, creating an enhanced employee and customer experience.”

Privacy and security

Unlike other AI meeting assistants, Brave Talk with Leo doesn’t share your data with anyone. Brave and 8x8 will store call recordings and transcripts for up to 24 hours to allow time for call moderators to download them. What you say or type in the service is otherwise never logged or saved. Who you talk to, when, and how, is private to you. Furthermore, when call recordings are initiated, users are made aware of this by a voice announcement. 

Brave Talk users can enable multiple layers of encryption on calls, which can prevent eavesdroppers from listening in. Brave Talk is powered by the Jitsi as a Service open-source video meeting platform from 8x8, a leading integrated cloud contact center and unified communications platform provider (NASDAQ: EGHT). 8x8 uses WebRTC open-source technology, enabling developers to embed HD video directly into the browser.

As for Leo’s privacy protections, Leo hides IP addresses using a reverse proxy, so requests cannot be linked to a user. Conversations are not persisted on Brave’s servers or used for model training. No personal data is retained by Brave-hosted AI models (though if you select the Anthropic model, Leo queries will be processed by Anthropic for a period of 30 days, then deleted). No login or account is required for access, and Leo Premium subscriptions are unlinkable to the user.

Get started with Brave Talk + Leo

The Leo integration is available for all Brave Talk Premium users and their meeting attendees on the Brave browser.

To start a Brave Talk call, Brave browser users can open a new tab and click the icon, or visit talk.brave.com. Once the call link is created, it can be shared with anyone, even if they’re not using Brave.

Brave Talk with Leo is available to Premium subscribers. To get a Premium subscription ($7/month), users can visit account.brave.com to get started. Once a Premium call is started, the meeting creator with the Premium subscription can visit Settings and turn on Record transcription (A red icon will appear at the top of the screen for all participants, indicating the call is being recorded.)

The call moderator will have access to the audio or video recording, or the transcription, for 24 hours after the call ends. The moderator can share the transcription with the meeting attendees. Those attending a Premium call from the Brave browser can click in the Brave Sidebar to ask Leo to summarize key points both during and after the meeting. Don’t see the sidebar? Visit Settings » Appearance, and toggle on Show Sidebar button. Afterwards, click the icon that appears in the address bar to use Leo in the Sidebar.

Note that Leo in Brave Talk calls are subject to Leo’s standard rate limits.

Tuesday, 09. April 2024

Sequoia

PMF Framework

The post PMF Framework appeared first on Sequoia Capital.
The Arc Product-Market Fit Framework

By Team Sequoia

Finding product-market fit is the central quest of every early-stage startup. As we have seen over years of partnering with companies before they reached PMF, there are many ways of thinking about and approaching this quest. We walk founders through the following framework during Arc, our company-building immersion for pre-seed and seed stage companies. Rather than diagnosing whether you have product-market fit, this framework outlines three distinct archetypes of PMF which help you understand your product’s place in the market and determine how your company operates.

3 Archetypes of Product-Market Fit

Ultimately, product-market fit is about your product’s place in the world. There are different aspects to how your product fits into the world that you could hone in on—competitive landscape, the technical merits of your product, etc. We think the best way is to start by focusing on how the customer relates to the problem your product solves. 

There are different kinds of problems, and different ways customers relate to them. We see three basic archetypes, each with its own distinct customer-product relationship dynamics.

Hair on Fire

You solve a problem that’s a clear, urgent need for customers. The demand is obvious. Because of this, your category is likely crowded with competitors vying for market share. Your customers are actively wrestling with the problem, and likely comparing existing products to solve it. To succeed in such a dynamic, you must rise above the noise. The only way to do so is by delivering the best-in-class solution. And best-in-class products stand out because they are different, not merely better. You can’t just be faster or cheaper—you need a truly differentiated customer experience to have a durable advantage.

Hard Fact

You take a pain point universally accepted as a hard fact of life, and see that it’s merely a hard problem that your product solves for the customer. Your customers have resigned themselves to just living with the problem. They’re not urgently engaged with trying to solve it. The status quo is just how it is, and change doesn’t seem like an option. You upend how things are done with an unexpected approach: Facts can’t be changed—but problems can be solved. The challenge to overcome is force of habit. Customers will have to change their current behaviors, and inertia is powerful. You need an approach that’s novel enough, for a problem that matters enough, to be worth making a change.

Future Vision

You enable a new reality through visionary innovation. It sounds like science fiction to customers, either because the concept is familiar but sounds impossible (like abundant cheap energy from nuclear fusion) or because no one ever imagined it (like the iPhone). Customers are not only not trying to solve the problem, they are either oblivious to it or predisposed to think it’s a pipe dream. Either way, the obstacle is disbelief: Customers must believe that your product represents a whole new paradigm—often with its own ecosystem. (The iPhone wasn’t just a device; its App Store was a new way of interfacing with the internet. Tesla isn’t just a car; it’s a network of cameras and self-driving software that’s a new driving experience.) Customers must find the paradigm and its possibilities irresistible. As we’ll discuss below, this path is often long, and finding the right route with the right commercial opportunities along the way is usually critical.

How to Operate in Each Path 

Once you understand these archetypes, you can self-identify which path your company is on. Many founders we encounter in Arc assume they’re supposed to be in the Hair on Fire path. They have absorbed the adage to listen to what customers need. That’s good advice. But it often comes as a revelation that Hard Fact or Future Vision dynamics are viable options for finding PMF.

Hopefully you’re already working on a problem you have a unique advantage in solving. Your path, however, will be defined by how your customer relates to this problem (and how they feel about your solution). You can find success on any path—but each brings a distinct set of operating priorities that are essential to understand.

Path 1 – Hair on Fire

The Hair on Fire path requires both a great product and a great go-to-market effort—in quick succession. This combination of solution, selling and speed is the key to overcoming the competition. 

Hair on Fire – Case Studies

Along with product velocity, one hallmark of companies that break through to find success in the Hair on Fire path is the ability to aggressively out-maneuver the competition. 

Assaf Rappaport and his Wiz co-founders had previously founded Adallom together. For their new company, they were intrigued by the problem of cloud infrastructure security—but it was already a crowded space with incumbents like Palo Alto Networks and startups like Orca Security offering products on the market. However, when they interviewed CISOs, the topic kept surfacing at the top of everyone’s wish list. There was evident demand in a large market—but it took some digging to find the opportunity for differentiation. Most cloud security products relied on agents, a piece of software that needs to be installed in every server in order to monitor it. Wiz conceived an “agentless” solution that not only reduced friction and headaches, but surfaced vulnerabilities more effectively. Even better, once connected it could surface those vulnerabilities in the course of a 15-minute customer demo. Assaf and his team found their advantage, and floored the accelerator, aggressively out-maneuvering the competition: engineers built the product during their workday Israel time, and worked double-duty as sales reps at night—daytime in the U.S. They went from $0 to $2.8M in a single quarter and reached $100M in ARR in 18 months, setting a new record for the fastest-growing software company, ever.   

When Parker Conrad founded Rippling, he was entering a large Hair on Fire market. Every company needs HR software, and this urgency was reflected in the steep competition: there were already at least half a dozen incumbents fighting for market share. In fact one of them was Parker’s own previous company Zenefits. Why bother? Because his deep expertise meant he knew what needed to be done differently: While other providers stitched together disparate datasets to offer a single platform for HR and benefits, Rippling’s approach was to build a unified database. This foundation layer for employee data could then “ripple” out to any aspect of the employee experience, from benefits to expenses to device management. Their technical advantage created a different experience for HR, finance and IT administrators, which allowed Rippling to stand out and quickly grow market share in a field of incumbents. And their strategy of bundling the widest set of employee experiences gave it pricing power even in a Hair on Fire dynamic where price leverage can be challenging for new entrants.

Path 2 – Hard Fact

The Hard Fact path entails getting customers to re-evaluate and change the way they approach a current process. This requires first educating the market, and then capturing the opportunity.

Hard Fact – Case Studies

Your novel approach may replace an existing market (like Salesforce moving CRM to the cloud) or it may create a new market (like Uber reimagining the taxi experience as a rideshare marketplace). Either way, you will likely face less competition on the Hard Fact path because the difficulty of changing the status quo has discouraged other founders from taking on the problem. To succeed, Uber had to not only convince legions of everyday people to drive strangers around, but also engage with taxi unions, local regulations and labor laws. Others’ natural aversion to such difficulty means you’ll likely get more of a greenfield opportunity.

When Block (then Square) first launched, the hard fact they were addressing was widely known and acknowledged: “cash only.” For many small businesses or at any farmers’ market, there was no way to accept credit cards. Consumers would trudge off to find ATMs and merchants would often miss out on sales. Jack Dorsey and Jim McKelvey’s unique insight was that smartphones, which were just becoming ubiquitous, could be effectively turned into mobile credit card terminals. Square realized that this supposed hard fact of life was actually a hard problem that it could solve. But finding success meant getting the world to see it no longer had to live with this pain point, and to trust Square’s solution enough to adopt their new way. In order to activate this epiphany and win over early adopters who would evangelize the product, Square made an early decision to give its hardware and software away for free to merchants and figure out a business model later. Eventually, Square became a new standard. 

In 2006, marketing mainly consisted of advertising, mailers and telemarketing. This put small businesses at a disadvantage, as these were all high-cost channels. Brian Halligan and Dharmesh Shah realized there was a new way: small companies could leverage the properties of the fast-maturing internet—blogs, social media, SEO, email newsletters—to reach audiences at a fraction of the cost of traditional channels. HubSpot’s suite of content, SEO and email management tools solved this problem for customers. But in order for customers to believe in their approach and begin adopting their product, HubSpot needed to crystalize the new way in customers’ minds—to make them aware that the old way was broken and could be replaced with something better. They did this by coining a term for their new way—“inbound marketing”— and even wrote a book about it. They were so effective at educating the market that the idea caught on and started a marketing revolution in the small business world, propelling HubSpot to product-market fit and beyond.

Path 3 – Future Vision

The Future Vision path has the most ways to fail and the fewest to succeed, but potentially the largest payoff. Taking this path requires endurance and the ability to attract and retain top talent for the long haul.

Future Vision – Case Studies

Philosopher Søren Kierkegaard said, “Life can only be understood by looking backward, but it must be lived looking forward.” Future Vision founders like Nvidia’s Jensen Huang, who took a tortuous 30-year path to reach the company’s founding ambition, can probably relate. 

Nvidia’s initial vision was to uplevel what PCs are capable of with a 3D graphics chip that would transform the experience of using a computer. When Nvidia released its first chip, it was so ahead of its time that no one knew what to do with it. It took six years and three product lines to find product-market fit in an industry where the GPU enabled irresistible new possibilities: video games. While Nvidia’s original ambition wasn’t limited to the video game industry, it became synonymous with gaming innovation, with its GPUs powering both PCs and Xboxes. Were it not for that very productive pit stop—which propelled Nvidia to profitability and IPO—the company never would have survived long enough to power today’s AI revolution. In fact, they were teetering on bankruptcy before finding PMF in gaming. Thirty years from its founding, Nvidia is enabling a new computing paradigm as GPUs transform everything from data centers to cloud computing.

Future Vision products that fail to find PMF are often described as being “too early.” For instance, 11 years after Google Glass launched, augmented reality still hasn’t gone mainstream. This is precisely why finding pit stops with commercial traction along the way is so critical. Assuming your vision is correct and you can find a viable path, time is on your side with the Future Vision archetype: You can amass an insurmountable headstart while the world comes around to your paradigm. But finding the right pit stops can be difficult. You must act with imperfect information—“live looking forward,” as Kierkegaard said—and the pitfalls are always more obvious in hindsight. Oftentimes finding the right path means embracing unexpected turns, both with the technology you produce and the market you serve.  

OpenAI is one of the most interesting Future Vision stories of our time. Its vision is to achieve artificial general intelligence (AGI)—long considered a pipe dream in technology circles—and to do so for the benefit of humanity. To achieve this, they started as a non-profit, since the founders thought the profit motive of a company would undermine their mission of human benefit. A few years into the journey, however, they realized that the cost of compute needed to innovate their large language models outstripped the fundraising capacity of even the best-connected non-profit. Their path required a turn into the for-profit sector. Adopting a more traditional startup structure brought funding as well as expectations for product launches—hence ChatGPT. It instantly found product-market fit in the iPhone paradigm of “I couldn’t imagine wanting it until I saw it.” Consumer demand for generative AI was nascent in 2022. In 2023, OpenAI generated $1.6B. While ChatGPT achieved the fastest adoption of any consumer technology product ever, for OpenAI it’s the pit stop they need on the way toward their real ambition.

Putting it All Together

Using the framework of these three paths—and keeping in mind that one isn’t better than the others—you can reflect on your own product’s place in the world. What path are you on? How do customers relate to the problem you’re solving? Are you thinking about the right category dynamics? What are your operating priorities? Do you need to optimize for velocity and scale, land an epiphany with early adopters, or strategize the pit stops in your journey?

The Quest Continues 

Practice is always messier than theory, and as you apply this thinking in the real world there are several important nuances to keep in mind: 

Product-market relationship dynamics are fluid. Over time, many companies end up moving from one path to another as they introduce new products or as customer attitudes change about an existing product and underlying problem. Some companies straddle two paths at once. The point of this framework is not to irrevocably set your path in stone; it would be a mistake to identify yourself too narrowly with any one of them. 

Apple, for instance, started as a Future Vision. The company’s initial memo to Sequoia in 1978 acknowledged that there was zero demand for household computers. “Apple management,” it stated, “believes that most potential customers of 1980 do not today have the slightest interest in purchasing a home computer.” As they captured imaginations and grew in popularity in the ’80s, however, the category of personal computers was no longer a Future Vision. By 1998, with the launch of iMac, Apple addressed a Hard Fact: computers, while increasingly ubiquitous, were impersonal. The iPhone instantly found PMF as a Future Vision when Steve Jobs unveiled it in 2007. The smartphone category then quickly shifted to Hair on Fire dynamics and a flood of new smartphones entered the market. Apple managed to retain its dominance by defining the category, being right and continuing to innovate. Today, Apple is introducing yet another Future Vision with Apple Vision Pro. The device leverages the 10X advancements in sensors developed for the iPhone: the fruits of one product’s PMF journey can create seeds for the next. Will Apple Vision Pro enable entirely new experiences we can’t yet imagine, and fall squarely in the Hair on Fire path a few years from now? Time will tell.

Legendary companies string together multiple product lines that evolve through one path of product-market fit to another. While one product may plateau, the next product starts rising.

You can use this framework to orient yourself regardless of where you are in this cycle. PMF may seem like a destination you’re trying to reach—but keeping and expanding on it once you arrive is an ongoing quest that will last as long as your company does.   

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The post PMF Framework appeared first on Sequoia Capital.


Circle Blog

Native USDC Now Available on zkSync

We’re excited to announce that native USDC is now available on zkSync and accessible to developers and users – no bridging required. Circle Mint and Circle APIs now fully support USDC on zkSync.

We’re excited to announce that native USDC is now available on zkSync and accessible to developers and users – no bridging required. Circle Mint and Circle APIs now fully support USDC on zkSync.

Monday, 08. April 2024

Circle Press

Circle & HEC Paris to Lead Monetary & Fintech-Focused Research Center

The ‘HEC Paris Center on the Future of Money and Digital Assets’ will drive impactful research and galvanize collaboration between academia, industry, and government stakeholders

The ‘HEC Paris Center on the Future of Money and Digital Assets’ will drive impactful research and galvanize collaboration between academia, industry, and government stakeholders


bankless

AI Power Wars | Emad Mostaque

Today on the show, we have the founder of Stability AI, Emad Mostaque. Emad recently left his company citing “You can’t beat centralized AI with more centralized AI” and decided to venture into the frontier of decentralized AI. We touch on the economical consequences of AI, why it needs to be open-source and distributed and the role of Crypto in decentralizing AI. ------ 📣 SPOTIFY PREMIUM R

Today on the show, we have the founder of Stability AI, Emad Mostaque.

Emad recently left his company citing “You can’t beat centralized AI with more centralized AI” and decided to venture into the frontier of decentralized AI.

We touch on the economical consequences of AI, why it needs to be open-source and distributed and the role of Crypto in decentralizing AI.

------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2   ⁠  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

------ TIMESTAMPS

0:00 Intro 5:26 Navigating AI & Web3 10:52 AI Governance 18:03 Decentralizing AI 26:54 Balancing Coordination 33:52 Decentralized AI Infrastructure 40:10 Emad’s Projects 48:40 Decentralization Trade-Offs 58:53 Governance Structure 1:02:50 AI Regulation 1:06:36 Custom AI Models 1:12:21 AI Economical Consequences 1:17:11 AI x Crypto 1:20:47 Closing Thoughts

------ RESOURCES

Emad Mostaque https://twitter.com/EMostaque 

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.

See our investment disclosures here: https://www.bankless.com/disclosures  

Saturday, 06. April 2024

Epicenter Podcast

Movement Labs: 'Facebook's MOVE Will Bring Billions of Users to Crypto' - Rushi Manche

Classical, monolithic blockchains are inherently limited in their throughput due to their single-thread execution architecture. Modern VMs attempt to solve this issue through parallelisation being implemented from the get-go. Movement Labs employs the Move-VM to build a ZK L2 rollups on Ethereum, thus also deriving its security. Through parallel execution threads, Movement achieves a theoretical T

Classical, monolithic blockchains are inherently limited in their throughput due to their single-thread execution architecture. Modern VMs attempt to solve this issue through parallelisation being implemented from the get-go. Movement Labs employs the Move-VM to build a ZK L2 rollups on Ethereum, thus also deriving its security. Through parallel execution threads, Movement achieves a theoretical TPS of 160,000 while also ensuring sub-cent transaction fees.

Topics covered in this episode:

Impressions from ETH Denver Rushi’s background Move vs. Solidity EVM compatibility Parallelisation vs. intent-based transactions Security and parallel state transitions Transitioning from EVM to newer VMs Berachain’s approach to EVM-compatibility Movement Labs’ tech stack Decentralising the sequencer Movement’s M1 and M2 chains Celestia DA and the Dencun upgrade Restaking Bitcoin L2s IBC-compatibility and USDC on Movement Ethereum x Cosmos convergence dApps on Move

Episode links:

Rushi Manche on Twitter Movement Labs on Twitter Nebular Podcast 'Ethereum x Cosmos Convergence'

Sponsors:

Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io Chorus1: Chorus1 is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Sebastien Couture & Friederike Ernst.

Friday, 05. April 2024

Panther Protocol

Monthly Update | March

Fellow Panthers, Team Panther made significant product development progress in March and expanded its ecosystem. We successfully released an intermediate stage called Enhancement-1 after Stage 4 while also making progress with the development of Stages 5 & 6 of our testnet. On top of this, the Panther tester community experienced

Fellow Panthers,

Team Panther made significant product development progress in March and expanded its ecosystem. We successfully released an intermediate stage called Enhancement-1 after Stage 4 while also making progress with the development of Stages 5 & 6 of our testnet. On top of this, the Panther tester community experienced significant growth, reaching over 2,500 testers. 

Read on to hear more about the growth of the ecosystem, details about our progress in product development, and get a glimpse into what's on the horizon for April.

Ecosystem updates Panther's CTO Discusses Future of DeFi Privacy on Epicenter Podcast

Anish Mohammed, Co-Founder, CTO, and Chief Scientist at Panther Protocol, recently joined Meher Roy on the Epicenter Podcast. They discussed Anish’s journey into crypto, the genesis of Panther Protocol, how Panther will preserve the privacy of its users, what’s coming in its Mainnet launch, and its mission to enable privacy and compliance in the DeFi space. Anish’s appearance on the podcast can be found on several platforms, including Market Insider and Benzinga, thanks to our partnership with a leading media distributor.

Blog: how Panther zAssets enhance user privacy in DeFi

Our latest blog examines how Panther’s multi-chain privacy-preserving protocol intends to offer users access to public ledger liquidity while providing transactional anonymity.

Panther’s CTO, Anish Mohammed, joins ZK Demo Day as a judge 

Our Co-Founder and CTO, Anish Mohammed, recently participated as a judge at ZK Demo Day, where he shared the stage with notable leaders from Blackrock, top venture capital firms, Web3 protocols, and other industry leaders. 

Panther Team at Eth Denver 

Earlier in March, Panther’s CEO - Oliver Gale, CTO - Anish Mohammed, and Head of Products - Saif Akhtar, joined industry leaders at ETH Denver along with multiple other side events to discuss a multi-faceted perspective on ZK, data privacy, and more with Web3 builders.

Panther integrates Kyber Network to revolutionize private access to DEXs 0:00 /0:04 1×

We recently announced our integration with the Kyber Network to revolutionize private access to DEXs while minimizing slippage. With the integration, Panther users can execute trades through the Kyber Network aggregator, which sources liquidity from multiple DEXs. These trades are obscured by Panther’s privacy-enhancing technology, ensuring that the details of the transactions remain confidential.

Panther Get Started video guide for deposit, withdraw, and transfer 

The second part of our Panther product series is now available! This video offers a comprehensive, step-by-step guide to help you navigate deposits, withdrawals, and transfers with your Panther test account effortlessly. Don’t miss out—watch our tutorial now!

Panther Protocol testnet and rewards update

The testnet currently has over 2500 participants, and we’ve distributed over 700,000 $ZKP as rewards. The team is planning to launch a Zealy-based incentivized ambassador program in the coming weeks to improve community participation further.  

Our testnet rewards pot is 2 million $ZKP — have you signed up for our test dApp yet to earn your share? Grab the latest link from Panther’s docs to join our testing group and receive your $ZKP rewards.

Successful First Audit of Zero Knowledge Circuits and Circom

We partnered with Veridise, a leader in blockchain security that specializes in Zero-Knowledge Circuits, Smart Contracts, and Blockchains, to audit our Zero-Knowledge Circuits and Circom. We have successfully complete our initial audit. Our team worked closely with Veridise's technical staff, promptly implementing necessary updates. Conducting this audit at an early stage proved to be very helpful, giving us a chance to continue to refine our systems and conduct thorough testing ahead of our mainnet beta release.

Coming Soon: Stage 5 developments

Stage 5 includes using a third party Relayer service and supports gasless transactions via an Account Abstraction Paymaster contract. The development for Stage 5 is complete and will be announced separately.

Stage 6 developments

Stage 6 of the testnet dApp includes fee management and basic disclosures. The team has made significant progress on Stage 6 development and is looking forward to releasing it for community testing by mid-April. 

Stage 7 developments

Stage 7 of the testnet will allow testers to swap zAssets on top 3 Swap protocols on Polygon, including Uniswap V3 while keeping and tracking your operation history in the dApp. The team plans to work on the Stage 7 development in April.

About Panther

Panther Protocol is a cross-protocol layer that uses Zero-Knowledge (ZK) technology to build DeFi solutions that aim to meet ever-evolving regulatory standards while satisfying users’ on-chain data privacy needs. Panther’s goal is to enable seamless access to DeFi via a cross-chain-supported ZK compliance protocol. The Panther Protocol offers confidentiality across transactions in shielded pools, zSwap for DeFi integrations — enabling private swaps on third-party DEXs, and zTrade for internal OTC book for trading assets privately. Furthermore, Panther Protocol’s ZK primitives are generalizable to KYC, selective disclosures between trusted parties, private ID, voting, and data verification services.


a16z Podcast

Politics & the Future of Tech with Marc Andreessen and Ben Horowitz

“If America is going to be America in the next one hundred years, we have to get this right.” - Ben Horowitz This week on “The Ben & Marc Show”, a16z co-founders Ben Horowitz and Marc Andreessen take on one of the most hot button issues facing technology today: tech regulation and policy. In this one-on-one conversation, Ben and Marc delve into why the political interests of “Big Tech” confl

“If America is going to be America in the next one hundred years, we have to get this right.” - Ben Horowitz

This week on “The Ben & Marc Show”, a16z co-founders Ben Horowitz and Marc Andreessen take on one of the most hot button issues facing technology today: tech regulation and policy.

In this one-on-one conversation, Ben and Marc delve into why the political interests of “Big Tech” conflict with a positive technological future, the necessity of decentralized AI, and how the future of American innovation is at its most critical point. They also answer YOUR questions from X (formerly Twitter). That and much more. Enjoy!

 

Resources:

Watch full episode: https://youtu.be/dX7d6bRJI9k

Marc on X: https://twitter.com/pmarca

Marc’s Substack: https://pmarca.substack.com

Ben on X: https://twitter.com/bhorowitz

Ben’s Article: “Politics and the Future” bit.ly/3PGKrgw

 

Stay Updated: 

Find a16z on Twitter: https://twitter.com/a16z

Find a16z on LinkedIn: https://www.linkedin.com/company/a16z

Subscribe on your favorite podcast app: https://a16z.simplecast.com/

Follow our host: https://twitter.com/stephsmithio

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.


bankless

ROLLUP: Special Guest! | Airdrop Week | Base Szn | The DeFi Wars

Bankless Friday Weekly Rollup First Week of April, 2024  Major thanks to Anthony Sassano for filling in for Ryan as he takes some time off to update his firmware. https://x.com/sassal0x  ------ 🌐 CRYPTEX | GET INVOLVED WITH GOVERNANCE FOR THE FUTURE OF DECENTRALIZED MARKETS https://bankless.cc/Cryptex_pod  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  ht

Bankless Friday Weekly Rollup First Week of April, 2024 

Major thanks to Anthony Sassano for filling in for Ryan as he takes some time off to update his firmware. https://x.com/sassal0x  ------ 🌐 CRYPTEX | GET INVOLVED WITH GOVERNANCE FOR THE FUTURE OF DECENTRALIZED MARKETS https://bankless.cc/Cryptex_pod 

------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2  ⁠  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

------ TIMESTAMPS 00:00:00 Start

00:02:24 Markets https://pro.kraken.com/app/trade/btc-usd  https://pro.kraken.com/app/trade/eth-usd  https://pro.kraken.com/app/trade/eth-btc  https://www.coingecko.com/en/global-charts 

00:09:47 L2 Check-in https://l2beat.com/scaling/summary 

00:17:19 ENA Airdrop https://twitter.com/ethena_labs/status/1775060005953421401?s=20  https://www.coingecko.com/en/coins/ethena 

00:23:42 Wormhole Airdrop https://wormhole.com/w-launch-roadmap/  https://www.coingecko.com/en/coins/wormhole 

00:28:14 Blobs Update https://warpcast.com/0xrob/0x0357eacb  https://warpcast.com/sassal.eth/0xae93359e  https://dune.com/hildobby/blobs  https://twitter.com/rob_0x/status/1775130717774626839  https://x.com/TrustlessState/status/1775494227222315274?s=20 

00:37:48 Base Ecosystem https://warpcast.com/jessepollak/0x078c9b74  https://x.com/ptrwtts/status/1774963873936011638?s=20  https://x.com/Uniswap/status/1774465349716435298?s=20 

00:43:10 Degen Chain https://x.com/syndicateio/status/1773351144858750990?s=20 

00:52:48 The Issuance Debate https://twitter.com/mikeneuder/status/1774072228839117307?t=C4VaAFdu-LRU1yDM31GCFQ&s=19  https://twitter.com/jon_charb/status/1774182126608380041 

01:05:02 LST vs LRT Dynamics https://x.com/hildobby_/status/1775123732534603919?s=20 

01:13:10 AAVE vs Maker https://x.com/lemiscate/status/1775116242019299404?s=20  https://governance.aave.com/t/arfc-risk-parameters-for-dai-update/17211/9  https://twitter.com/hasufl/status/1775157933501796465?s=20 

01:17:48 Meme of The Week https://x.com/TrustlessState/status/1774791420504674325?s=20 

01:22:34 Check Out The Daily GWEI! https://www.youtube.com/@TheDailyGwei  ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Thursday, 04. April 2024

Greylock Partners

From Ports to Transformations

The post From Ports to Transformations appeared first on Greylock.

The post From Ports to Transformations appeared first on Greylock.


bankless

The Summer of Protocols Episode

Welcome Bankless Nation, to the Summer of Protocols!| Summer of Protocols is an ongoing research and evangelism effort that aims to catalyze broad interest in the study of protocols as a first-class concept for thinking about the world. To explain a little more about what Summer of Protocols is all about, we brought Tim Beiko of the Ethereum Foundation and Venkat Rao of the Ribbonfarm blog on

Welcome Bankless Nation, to the Summer of Protocols!|

Summer of Protocols is an ongoing research and evangelism effort that aims to catalyze broad interest in the study of protocols as a first-class concept for thinking about the world.

To explain a little more about what Summer of Protocols is all about, we brought Tim Beiko of the Ethereum Foundation and Venkat Rao of the Ribbonfarm blog on the podcast. Additionally, this episode contains three short interviews with three of the 35 total Summer of Protocols researchers. 

You’re going to experience something a little different here on the show today. Some more storytelling, a different kind of frontier exploration, but all around the idea of protocols. 

------ 🎧 Listen On Your Favorite Podcast Player:  https://bankless.cc/Podcast 

------ TIMESTAMPS & RESOURCES

0:00 Summer of Protocols Explained 12:05 Sarah Friend https://summerofprotocols.com/research/good-death  https://twitter.com/isthisanart   37:16 Timber Schroff https://summerofprotocols.com/research/module-three/safe-new-world   https://twitter.com/tmbr_ss   1:01:52 Nahee Kim https://summerofprotocols.com/research/re-move   https://twitter.com/AppNahee   1:18:44 Summer of Protocols Future https://forum.summerofprotocols.com/t/blockchain-protocol-problems-braindump/223  https://summerofprotocols.com/research/sop2024   1:28:59 Closing 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 

Wednesday, 03. April 2024

Sequoia

Watershed Spotlight

The post Watershed Spotlight appeared first on Sequoia Capital.
Climate Awakenings at Scale Published April 3, 2024 By Harry Spitzer Harry Spitzer is an award-winning documentary director and writer based in New York City. His work has appeared on The Verge, Catapult, Atlas Obscura, and The Cut. How the trio behind Watershed are working to make what’s good for the planet just as good for business. Published April 3, 2024 By Harry Spitzer Harry Spitzer is an award-winning documentary director and writer based in New York City. His work has appeared on The Verge, Catapult, Atlas Obscura, and The Cut.

In the summer of 2023, New York City was shrouded in smoke. Staring out the window of my office in the Financial District, I could barely see the East River. I dreaded going outside. The haze, which partially obscured not-so-distant Brooklyn from view, came from a series of devastating Canadian wildfires unlike anything on record, with air quality indexes in NYC reaching 800% above what is considered “safe.” It was also very hot—here, and in so many other cities around the world. A relatively recent phenomenon, the effects of human-induced climate change are staring us in the face. Meanwhile, most experts agree that all of this, and so much more, is only going to get worse.

I’m fascinated by the idea of “climate awakenings”—the moment when the climate crisis goes from an abstract notion to a real and present danger for a person. Why does it occur for some people as children after hearing a story about deforestation of the Amazon, while for others it takes a Category 3 hurricane barrelling toward their doorstep to finally acknowledge it might be real? 

Motivating climate awakenings is what Taylor Francis, Avi Itskovich and Christian Anderson hope to do with Watershed, the company they co-founded. “The world needs to decarbonize between 5 to 10% per year,” says Francis. “We wanted to build something that could be a really big contributor to that.” Rather than targeting individuals, Watershed aims to awaken companies, inspiring them to minimize their carbon footprint and transition to clean power sources.

For Francis, 31, the aha moment came via a former Vice President the summer before eighth grade. He remembers seeing Al Gore’s “An Inconvenient Truth” in the theater with his mother and being “pretty shaken.” With no real summer plans to speak of, and with newfound existential dread, Francis took it upon himself to cold-email Al Gore’s office to see how he could lend a hand in saving the planet. To his surprise, he got a response just a few days later: an invitation to Nashville for the following month to attend the Climate Reality Project, a mini-climate advocacy bootcamp.

Over the course of three harrowing days, climate experts walked Francis and a couple hundred activists (all then-13-year-old Francis’s elders by at least 15 years, and one of whom, John Doerr, would later join the board of Watershed) through every slide of the “An Inconvenient Truth” PowerPoint. 

Francis walked away inspired, but also overwhelmed by the enormity of the challenge ahead. Determined to do something, he started giving hyper-localized, high school-friendly versions of the “Inconvenient Truth” talks in schools and libraries and community centers around the Bay Area. “I talked about the California droughts and wildfires, and I had little handouts to bring home to their parents that said things like ‘switch lightbulbs, buy a Prius, vote,’” he remembers, “and I think kids went home and yelled at their parents in a pretty big way.”

He kept at it in college, studying public policy and nursing a dream of working on climate legislation. But after graduating from Princeton in 2014 (and helping to convince Al Gore to be his “Class Day” speaker), that passion was hard to maintain in the face of the government’s seeming apathy on the issue, especially after the Cap and Trade Bill had died in Congress that year. “It was a bit of a ‘what’s next?’ moment for climate policy,” he says—and realizing he didn’t yet know the answer, Francis decided to pivot careers. 

“If I can’t work on climate policy,” he remembers thinking, “I might as well work in an amazing company and learn as much as I can about how to build a company of my own. And that kind of led me back to the Bay Area, into Stripe.” 

Itskovich, 31, never saw “An Inconvenient Truth” as a teen—his attentions in middle school were elsewhere. “My family kind of hopped around a lot,” Itskovich remembers. “I was born in the former USSR, when I was two I moved to Israel and then when I was about 10 I moved to Canada. I think we were preoccupied with, like, other things than climate.” 

One of those things was academic excellence; when Itskovich brought home a 97% on a middle school report card, he was admonished by his dad, who had been schooled in the Soviet system where “anything less than a perfect score meant you weren’t great,” remembers Itskovich. As a high schooler, Itskovich steered this work ethic toward software engineering. After finishing his school’s computer science curriculum, he built an entirely new internal grading system for the school from scratch. By then, CS didn’t feel forced; it felt more like a calling—not just because of what it enabled Itskovich to do, but because of what it enabled others to do. “The power of being able to program is not like, ‘cool, I created the thing,’” says Itskovich. “It’s watching someone else use it, and in ways you might not even have expected.”

After graduating from the University of Waterloo with a degree in computer science and four tech internships in San Francisco under his belt, Itskovich knew he wanted to be at the center of the world’s greatest coding ecosystem, building tools that could empower millions. He returned to the Bay, where he’d landed an engineering gig at Stripe. There, he would meet a couple of key friends who would pull him away from his computer and into the outdoors—and in the process, help him find his life’s next major calling. 

For Anderson, 32, more than either of his co-founders, his climate awakening was something of a foregone conclusion—his father is an environmental policy lawyer who largely worked from home. “He always gave me a solid glimpse into the work he was doing,” remembers Anderson. A passion for climate action felt inevitable. 

At 10, Anderson made his first foray into early climate tech: He made a website. By then a consummate lover of backpacking and forests, Anderson couldn’t stand the idea of losing the world’s largest one. “It’s the kind of thing that’s so visual when you’re a kid, right?” says Anderson. “Imagine these forests in the Amazon getting chopped to death.” With his dad’s help, he built a web page titled “Foundation for our Future” to educate about conservation and accept donations to protect the Amazon rainforest.  

It was only in high school that the concept of man-made climate change really clicked for Anderson. He remembers learning about it in his classes and feeling moved intellectually. He switched to vegetarianism and became a stickler for recycling, but felt mostly powerless otherwise. Like Francis, he says he couldn’t “connect with it as a problem that I could solve the way you might solve local environmental issues. I saw it as too huge a problem to affect.” 

So instead, he followed other, more “accessible” passions, earning dual undergraduate degrees in physics and math at Harvard before being accepted into a physics PhD program at MIT for quantum informatics. But before fully “veering into a deep science direction” and committing to another six or seven years in Boston, Anderson decided he needed a gap year on the other side of the country. 

What he found in the Bay Area’s tech scene reawakened a years-dormant urgency in Anderson. “There were a lot of people in San Francisco working to try to make the world better in an immediate way,” says Anderson. In this crucial juncture, as he was considering the impact he wanted to make in his life and work, that immediacy resonated. “For me it was, do we try to make the world better in a somewhat long-running roundabout way through science or, you know, could I try to build something with my own two hands that makes the world better?” says Anderson. 

Anderson decided to delay his PhD, and within weeks he had secured an engineering role at a promising young payments startup.

“For me it was, do we try to make the world better in a somewhat long-running roundabout way through science or could I try to build something with my own two hands that makes the world better?”

Christian Anderson

Once their lives converged at Stripe, so did most of the trio’s weekends. Anderson had started organizing small backpacking and camping trips for fellow Stripe outdoors enthusiasts, and while there weren’t many takers, in Itskovich and Francis he found kindred spirits, who were equally intense about outdoor activities. The three would calculate exactly how much outdoor time they could compress into the window between signing off on Friday and logging back in on Monday morning. They would go backcountry skiing in Tahoe, belaying up Mount Diablo and sprint-hiking a Lost Coast route in a day when it was meant to be done in two. “We bonded over this outdoor stuff where it’s all about pushing yourself, taking a risk, taking a challenge, kind of trusting somebody else,” says Anderson. “When something goes wrong and it becomes an adventure—that’s when that bond truly forms,” adds Itskovich with a laugh. 

Their weekends away also reawakened something that Francis and Anderson, for one reason or another, had placed on the back burner: climate urgency. Back in the office, much like their backpacking intensity, their collective interest in climate-focused work compounded as they worked together. In 2019, Christian started pitching in with Stripe’s early climate efforts, wrangling funds from the company to buy carbon offsets. Eventually, Francis and Itskovich joined him, encouraging other corporations to do the same. 

By 2018, their dedication to climate action would be put to the test. In October of that year, an intergovernmental panel on climate change published a report that became known colloquially as the 1.5 degree report. Its main claim was that if humanity can limit global warming to just 1.5 degrees Celcius, we can avoid many of the more extreme, damaging impacts of climate change. But that doing so would require “rapid, far-reaching and unprecedented changes in all aspects of society.” 

Anderson read the report while visiting a friend on a wooded island off the coast of Vancouver, Canada. Surrounded by water and trees, he remembers thinking, “They did such a good job in that report, balancing the message of, ‘We are not past the point of no return, but the window for action really is closing.’” Just a few months later, Francis and Itskovich felt the same sentiment at an event hosted by the nonprofit Protect Our Winters (POW). One of the speakers presented the reality of climate change in stark terms: “We are the first generation to see the effects of climate change and the last generation to have an impact on it,” Itskovich remembers hearing. “It’s the kind of sentence that gets lodged in your brain and drives urgency. It means oh, maybe I shouldn’t wait five or 10 years to work on climate change. Maybe the time is now.” 

Unlike so many people who hear the alarm bells but find ways to quiet them and carry on with business as usual, the ringing remained deafening for the trio. They started mulling over, first individually, then collectively, what they could do—and how they could do it, fast. Francis and Itskovich left Stripe shortly thereafter, in mid-2019, to focus on climate action full-time, with the understanding that Anderson would join them soon. A few months later, after finalizing his work with Stripe’s climate initiative and handing off his teams, he did.

Avi Itskovich, Christian Anderson and Taylor Francis

In late fall 2019, the three ex-Stripes gathered around a whiteboard in Anderson’s apartment near Buena Vista Park. They knew only two things for certain: They wanted to work together on something, and that something would be climate-related. What exactly it would be, well, that’s where the whiteboard came in. 

Over the next two weeks, they workshopped a different idea every day, sketching out the pros and cons of each on the board. The ideas drew upon each of their respective areas of expertise, and ranged from altering public consciousness (starting a climate-focused media company), to tracking personal emissions (like Strava, but counting carbon instead of kilometers), to structural changes (political advocacy to mobilize bipartisan support for climate legislation), to more consumer-oriented fare (a slickly branded site that enabled consumers to buy clean power with the click of a button). 

They evaluated each idea on its ability to remove or reduce 500 million tons of CO2 every year (“We thought it would be pretty awesome to build something that could be driving 10 to 20% of global decarbonization, which needs to be 5 gigatons of CO2 per year,” says Francis), and their ability to make an impact without relying on external societal or technological changes. At the end of two weeks, they concluded that changing hearts and minds wasn’t enough, that creating low-carbon materials like cement and concrete was just one piece of the puzzle (albeit an essential one), and that a consumer focus couldn’t scale. What they needed was to harness the enormous scale of corporate spending and direct it toward renewable energy—a mass corporate climate awakening.

“We thought it would be pretty awesome to build something that could be driving 10 to 20% of global decarbonization.”

Taylor Francis

“We wanted to enable companies to take the geyser of money that they currently point at dirty technologies and redirect as much of that as possible toward the clean stuff,” says Francis. “If we could pull that off, we could enable not just one low-carbon cement company, but dozens of low-carbon cement companies and also low-carbon agriculture companies and low-carbon transportation companies and more demand for all the sustainable aviation fuel innovators. We could be this kind of leverage point.” As a bonus, it would give corporations a productive means of responding to any pressure they might face from investors, regulators and customers to take action on climate change.

In Anderson’s living room, the co-founders drafted the first slide of the deck they’d use for sales calls and pitches to investors, putting their value prop in plain terms: They would enable companies to measure their carbon footprint, meaningfully reduce it and report on their progress to employees, customers and investors. “The first slide of the sales deck that we made in 2019 is the same first slide of the sales deck today,” says Francis.

They added a title slide for their still-nameless company. It read: “Powering Carbon Reductions for _____.” Now, in order to catalyze the change they were hoping to accomplish, they just needed to fill in that blank a few thousand times over. 

Two days before Christmas 2019, Francis hopped on a flight for an unexpected trip down to Los Angeles. The founders had received an early holiday gift: an email from Sweetgreen’s then head of supply chain and sustainability—a customer they’d been courting for weeks—saying he was free for a last-minute meeting. With Anderson and Itskovich away with their respective families for the holidays, Francis went to take the team’s first major meeting on his own. 

Francis walked into Sweetgreen’s Culver City office with their pitch deck and an early version of the Watershed platform that Itskovich and Anderson had built in the previous months (they’d settled on their name a month earlier for its dual ecological and idiomatic significance). The product wasn’t pretty—regarding its design, an early advisor had noted, “Whenever I’m in your product, I want to not be in your product.”—but it was functional, and showed how their dashboard could help companies measure and interpret their various sources of carbon emissions. 

Francis walked through the pitch deck, highlighting the existential nature of their mission and reinforcing their belief in the crucial role companies can play in reducing global carbon emissions. An hour later, he drove home, pleased with the presentation, but unsure how Sweetgreen would respond. “We were so early on doing enterprise sales, I had no idea how it went,” he remembers. 

Within a matter of weeks, Sweetgreen got back to Francis: the restaurant brand had been moved by their vision and was eager to act. And thanks to Watershed’s platform, they could do so in a way that didn’t compromise profits, something instrumental to Watershed’s pitch. They’d officially landed their first major customer. “The key thing here is we’re not pitching ‘climate action at the expense of the corporation.’ We’re helping the corporation put climate into its core and treat it like a business priority,” says Itskovich.

“The key thing here is we’re not pitching ‘climate action at the expense of the corporation.’ We’re helping the corporation put climate into its core and treat it like a business priority.”

Avi Itskovich

Over the following months, the founders onboarded Sweetgreen onto a considerably more beautiful (and functional) version of their platform, plugging in the restaurant chain’s food suppliers, farmers and transportation teams in order to understand where they could use the most carbon-friendly adjustments. All the data pointed to two key areas for carbon emission reduction: “Chicken and cheese,” says Itskovich. “You gotta solve your chicken and cheese emissions.”

With that in mind, Watershed helped Sweetgreen develop methodologies for engaging their poultry and dairy suppliers in ways that would increase awareness of their carbon emissions, and foster best practices for reducing them. First, they asked suppliers to fill out a survey. “The key question on the survey that you had to answer was, do you have a methane digester for your manure? For cheese creameries, it’s all about what you do with the manure,” says Francis. Using survey results, Watershed then offered recommendations for Sweetgreen’s suppliers to lower their carbon footprint, and encouraged Sweetgreen to seek out new suppliers if their original ones were unwilling to change. 

Using insights from Watershed’s platform, Sweetgreen has changed its menu to reflect more carbon-conscious ingredients and deploy clean power in every store. With Watershed’s help, the restaurant chain is aiming for complete carbon neutrality by 2027. “The partnership with Sweetgreen has paved the way for what is possible for sustainability in a food system and supply chain like theirs,” says Francis. 

Anderson hung up the phone, exhausted. It was early 2020, and in the wake of their Sweetgreen success, Watershed had managed to secure partnerships with Airbnb, Segment, Square and Shopify, all of whom were eager to make climate-friendly changes. 

The team got to work on Watershed Marketplace, a hub where customers could access vetted carbon credits, nascent carbon removal technologies, and, in theory, clean energy sources. But the latter was proving difficult to secure. “I legitimately called every major clean power developer in the United States to try to find one who would be willing to do business with a small tech startup,” says Anderson. This was a not-so-short list of 14 or so companies, who without fail would make their opinion of Watershed known. “We were small fries!” remembers Anderson. “It’s this big, expensive, really physically complex industry. They would get some tech startup on the phone that’s like, ‘Hey, we’re building the customer base, we think we could move a lot of your product!’ They were like, ‘Right, okay, sure man.’”

After upwards of 15 calls with a DC-based solar energy company called Sol Systems, Anderson finally got the response he was looking for. Convinced by Watershed’s mission and growing roster of customers, “They said ‘yes,’” remembers Anderson. “Sol Systems was our first Marketplace partner. This was the moment the Watershed Marketplace really got off the ground.”   

With Marketplace established, the co-founders realized it was time to graduate out of Anderson’s living room. In mid-2020, they hired their first two employees and raised a Series A. Sequoia and Kleiner Perkins co-led the round, which also included backing from their former bosses at Stripe, the Collison brothers. “They were amazing mentors to us, so it meant a lot to have their investment—actual and symbolic—in the company,” says Francis.

They moved into a SoMa office space with an airy courtyard (“That was still mega COVID time, so we would do masked outdoor meetings,” says Francis). As the company grew, the trio enjoyed the same jolt of wonder with each new customer that Itskovich had first felt building his school’s grading system—of seeing their creation used in ways they’d never imagined. Like Sweetgreen, some companies used Watershed’s platform to make their supply chain more carbon-friendly. Others, like DoorDash, focused on the vehicles being used to deliver food, increasing the amount of bikes and EVs, while Shopify used Watershed to hone their logistics. For software companies, it was all about changing their data center usage, finding ways to be more carbon-efficient in their use of cloud computing and storage. “Every software company’s supply chain eventually gets very physical,” says Anderson. “What I think people probably don’t know is how much concrete is going into building a data center for, you know, an hour of a Netflix video. Every company is built on the physical world—there’s no company that escapes it.”

Each partnership felt like meaningful, incremental progress toward their monumental goal (i.e., saving the planet). More customers and more data also helped them refine their product, allowing them to work with customers to identify which climate-friendly changes could be made immediately and easily, and which would be the most impactful. “For example,” says Itskovich, “in the food space, the packaging pales in comparison to the food inside the packaging. There’s a big difference between the thing that sounds good and the thing that matters.”

With their business taking off, they realized that their joint professional history had some drawbacks. “One of our weaknesses as a founding team was all coming from the same company,” says Anderson. “And we did a big push to get outside of that, to recognize our blind spots and make a big effort in the first year of the company to build relationships with founders and executives from very different companies and industries.” 

One of those blind spots was hiring. “We had to play catch-up in terms of growing the team. There was a bit of scrambling, kind of misjudging the market time,” says Anderson. For founders schooled in Stripe’s comparatively deliberate growth strategy, rapid expansion posed a challenge. Like their mentors, the founders wanted to personally meet and vet each potential new hire. But gradually, necessity and the advice of their advisors pushed them to delegate hiring responsibilities to other trusted people on their team. “For Watershed, this climate tech market arrived like a tidal wave,” says Sequoia partner Shaun Maguire. 

Today, all three admit that even in their most optimistic projections, they were blown away by that tidal wave. “I think we were very wrong in 2019—we thought it was gonna be five to 10 years before the climate imperative broadened out from these early adopters,” says Anderson. But the reality is that the industry was hungry for what they were offering. 

They attribute this hunger to a broader, collective climate awakening. Not only the kind that’s reflected in accelerating legislation and subsidies and technological progress, but, perhaps more important, the kind I saw outside my window earlier this summer, the kind that’s apparent in wildfire smoke and canceled flights and record-breaking heat and rising tides and shrinking biodiversity. The kind of existential awakening that’s increasingly become difficult to deny, on a personal or a professional level. 

Francis believes that this awakening has triggered a fundamental corporate shift, “from a mindset around environmentalism as conservation, to solving climate change as an economic, industrial, technological, capitalistic endeavor,” he says. “We have to build a ton of stuff. And the thing that has changed is that clean technologies are a lot cheaper today than they were 10 years ago.” It helps that today, as Maguire puts it, “Certain green technologies have already gotten so good. They’re already better and cheaper.”

“Certain green technologies have already gotten so good. They’re already better and cheaper.”

Shaun Maguire

This is why a large part of Watershed’s mission is to make it impossible for corporations to participate in climate denial on economic grounds. “I think the fundamental thing that enables Watershed is that even the most ruthless business can prioritize climate right now,” says Anderson. “We can surface the data so they can cut 20 to 40% of carbon today, and then there’ll be another 20 to 40% available by the time you’re done because of technological progress.” 

Sangwon Suh, Watershed’s head scientist and former UNEP member, sees businesses as playing an instrumental role in combating climate change. “So many changes are induced by the private sector,” says Suh. “If we can harness the power of the private sector—a sector that’s quick, efficient and not subject to congressional consensus—I think that there is a reason to be hopeful and optimistic about solving this climate change problem.” 

Anderson sees this corporate climate awakening as fundamentally social, feeding off of communication. “I think the x variable that we failed to factor in was that there would be this feedback loop of, as more companies get in, and you get more proof points, it’s easier for the next company to get in.” 

All of these shifts in mindsets, technologies and climate mean that much more of the world is now attuned to the reality of climate change. “At least in the business world, we’re past the climate denialism phase,” says Anderson. But as all three founders experienced at one point or another, more understanding can also mean more dread. “Climate doomerism is the feeling that there’s nothing [we can] do. Or the only thing that we can do is some sort of complete systemic change that eradicates existing businesses altogether. This is one of these other challenges—getting really clear data to businesses on the short-term action that you could actually do that will actually move the numbers this year,” says Anderson. “I think if we can just keep getting that message successfully out there, it’ll succeed.”

Now that more corporations are awakened to the challenge, the real work can begin. “We have a long way to go, but already more than 527 million tons of CO2 are managed by companies that use Watershed,” says Francis. “So we’ve gotta scale that number up.” 

While most people would find the task daunting, Watershed’s founders see more reasons for optimism than ever, in part because of their front-row seat to all of the talent and ingenuity being devoted to averting the climate crisis. “Cement and steel are great examples of industry sectors where historically there has been no low-carbon alternative,” says Anderson. “And we are just now at the threshold of having commercially viable low-carbon options for both.” 

Carbon removal technologies are also making strides. Suh is particularly excited about “biological approaches like growing biomass and turning that into more permanent storage for carbon, or using carbon to produce more permanent polymers that do not degrade over time.” he says. There’s also the development of “direct air capture,” a solution that works by capturing carbon from the air, heating it up to the point of saturation, then storing it all in rock form where it can’t leak back into the atmosphere. 

“Every week at our all-hands, we have this thing called climate corner,” says Itskovich. In recent meetings, the team has learned about which materials in the apparel industry are most emissive (animal-based products like wool), about ways to create lower-carbon cement (reducing the amount of clinker) and about pathways to net-zero emissions from aviation (replacing fossil jet fuel with biofuels or synthetic fuels). 

And it’s this idea, this regular, communal exposure to climate science, more than anything else the founders have told me, that feels like an answer to my question of why their climate awakenings occurred earlier than most. Crucially, it also reveals an answer of sorts to how we can ensure that others have similar awakenings before it’s too late. For Watershed’s founders, it took seeing the impacts of climate change, but it also took engaging in a meaningful climate dialogue with people they trusted. It’s what Watershed is doing internally, and it’s a conversation they’re continuing to foster in the private sector around the world.   

“We’re doing a rafting trip with our executive team in Montana in late September,” Francis shares as we wrap up our conversation, a reminder of the foundational joy that fuels all their urgency and long hours and coding and selling and problem-solving. “It would be the first time we’ve done an outdoors trip with a broader group within the company—but I think it could be very successful,” adds Anderson with a smile. That “could” seems to imply that the trio hasn’t completely ruled out sprint-hiking from the agenda.    

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Brave Browser

With Brave Leo on iOS today, the browser AI assistant is now available on all platforms

Brave is excited to announce the release of Leo on iOS, completing the roll-out of our new privacy-preserving AI assistant.

Recently, Brave announced the first step of our goal to bring Leo—our privacy-preserving AI assistant in the browser—to Brave mobile with our Android release

Today, Brave is happy to announce the completion of this goal, with the release of Leo for iOS. iPhone and iPad users who update to version 1.63 can ask Leo questions, summarize pages and PDFs, translate pages, create content, and more from the browser address bar.

Leo enables natural conversations on a wide range of topics. With AI built right in the browser and several large language models (LLMs) to choose from, Leo makes it easy to interact with AI in a seamless, familiar way.

For the second half of our mobile launch, we’ve added in a special feature available only on iOS. With voice-to-text capability, iOS users can speak their input and have it converted to text without needing to type. This streamlines the interaction and makes conveying information to the AI assistant even easier. Couple this with document integrations and new models like Mixtral, and Leo for iOS becomes a powerful, mobile AI assistant you can take with you wherever you go.

What can Leo do?

Leo can handle any number of tasks, both in the context of the webpages you’re viewing and completely separate from this context. Among other things, Leo can:

Create real-time summaries of webpages and PDFs Answer questions about content Get instant answers for queries Generate new long-form written content such as reports, articles, or social media Translate pages, analyze, or rewrite them Write and suggest software code for multiple languages 

In addition to these great core use cases, we integrated Leo in the Brave browser app especially with mobile users in mind, including:

Voice-to-text: Use your iOS device’s voice-to-text functionality to speak prompts directly to Leo, converting your spoken words into written text without typing. Docs and PDF summaries: Leo can summarize different types of content files—including PDFs—making it much easier to consume dense content on a small screen. Google Docs integration: You can use Leo to power your mobile productivity with the Google Docs and Google Sheets integration. Brainstorm and assist on writing, create quick summaries, translate, and more.

With Leo on iOS, you can maximize productivity as you move between home, office, and anywhere else you go. All with the same privacy and security guarantees of the Brave browser. With Brave Leo, there’s no login or signup required—you just open your browser and chat.

Mixtral as the default LLM brings higher quality answers

Brave Leo gives access to several high-quality large-language models (LLMs), ensuring better, more relevant answers to even niche questions, and fewer of the hallucinations that plague other AI experiences.

Out of the box, Leo includes access to Mixtral 8x7B, Claude Instant, and Llama 2 13B. Mixtral—the default LLM—can interact in multiple languages including English, French, German, Italian, and Spanish. 

Mixtral 8x7B has quickly gained popularity and usage among the developer community since its December, 2023 release. Mixtral 8x7B currently outperforms ChatGPT 3.5, Claude Instant, Llama 2, and many others, according to the LMSYS Chatbot Arena Leaderboard. Mixtral also shows improvements in reducing hallucinations and biases, according to the BBQ benchmark.

For all these reasons, we recently set Mixtral 8x7B as the default LLM for Leo on desktop, and we’ve seen great feedback. And while Mixtral is the default LLM for iOS as well, users have the option to select from other LLMs, or to upgrade to Leo Premium for higher rate limits.

Leo Premium 

The Brave Leo experience is free to all users. For those who’d like access to higher rate limits, however, Leo is also available as a Premium experience. Users can subscribe to Leo Premium for $14.99/month, and one subscription covers up to 5 different devices across iOS, Android, Linux, macOS, and Windows.

Feature Leo core Leo Premium Models Mixtral 8x7B (strict rate limits)
Claude Instant (strict rate limits)
Llama 2 13B (higher rate limits) Mixtral 8x7B
Claude Instant
Llama 2 13B Rate limits Various rate limits Higher rate limits Quality of conversations Very high, dependent on model Very high Privacy Inputs are always submitted anonymously through a reverse-proxy and are not retained or used for training Subscription Free $14.99 monthly Smart AI, still private by default

As with all of Brave’s other features, privacy remains paramount for Brave Leo. Chats with Leo are private and secure. Leo doesn’t record chats, or use them for model training, and no account or login is required to use Leo. These specific privacy protections in Leo include:

Reverse proxy: All requests are proxied through an anonymization server so the request and user cannot be linked. Brave cannot associate the user request with their IP address. Responses discarded: Conversations are not persisted on Brave’s servers. Responses from Leo are discarded after they’re generated, and not used for model training. We do not collect identifiers that can be linked to you (such as IP address), and no personal data is retained by Brave-hosted AI models. If you select a model from Anthropic and submit Leo queries, that data will be processed by Anthropic for a period of 30 days, then deleted. See more in our Privacy Policy. No login or account required for access for the free version: Users do not need to create a Brave account to use Leo. Unlinkable subscription: If you sign up for Leo Premium, you’re issued unlinkable tokens that validate your subscription when using Leo. This means that Brave can never connect your purchase details with your usage of the product, an extra step that ensures your activity is private to you and only you. The email you use to create your accoun