I was around 14-15 when I first saw the opening of Patlabor via the music video for KMFDM - Juke-Joint Jezebel. The whole concept behind that intro left an enormous impression on me. Too young to know I was too young, I suppose. The Laconic Foundation will be flipping the switch from testnet to mainnet soon. It's a major accomplishment for the community of folks that have formed during the testnet which has been operating without issue for almost a year. Without the help and support of that community, as well as other contributors, achieving this milestone would have been impossible. As I understand the intent of LF, those testnet participants will have their tokens unlocked first. Ideally, in the coming months token holders will vote to unlock more tokens, do small/strategic airdrops, enable IBC, set up a community fund, etc etc. Since I can't pull ravens out of my jacket on demand, I'll be working on Laconic for the foreseeable future. If you want to buy service from the Laconic Network, or would like to provide service to the Laconic Network, contact @laconicnetwork and they will sort you out.

I don't really care what the capital gains tax is in either direction, but taxing unrealized gains is completely insane.

I got into blockchains because I was interested in using cryptography to create robust equitable virtual economies and I only care about monetary policy in service of this goal. This makes me an extreme outlier on Crypto Twitter, I don't have any monetary fixations.

I had to stop paying attention to MEV because even though I like many of the researchers and their previous work, no one could explain to me why they aren't working to simply eliminate MEV instead of "democratizing" it.

Working in both ecosystems, it seems like the Cosmos scaling strategy is actually more radical and directed than Ethereum's. I did not realize that two weeks ago.

The problem with Ethereum dapps is "The Deep Stack Problem" It took decades of nerds making systems for each other to get to the stack complexity that made web1.0 possible. We are trying to make a categorically more complex stack, with categorically less skilled people.

How is it possible that we've switched from Yield Farming to NFTs so quickly? Why is the attention span of The Ethereum Community so short? How could it possibly be this short? I feel like I'm missing something basic.

DeFi is filled with fucking idiots. I don't even care if the shit works or not, I just don't want to spend my time talking to dullards. Talking to fucking morons is a sure fire way to ruin my day, but they are practically unavoidable.

I have a lot to say about the Binance hack. The Cosmos Ecosystem dodged a bullet and I hope we can all work together to fix the process and cultural issues that resulted in the exploit.

We should just stop talking about sidechains. There are L2s, and L1 with trusted bridges to other L1s, if we have L1/L2 language, there is no reason to even talk about sidechains anymore.

I wish people understood how misaligned the incentives in crypto are. There are plenty of Ethereum millionaires and a few billionaires, how many of them made that money from anything remotely resembling traditional PMF? Instead we have Product-VC-Fit or Rugpull-Market-Fit.

Super happy to see EIP-1559 live on mainnet. It's the strongest evidence to date that ETH2 will just become ETH.

Wait. Are most Solana programs closed source?

Cosmos Zones, Polkadot Parachains, Ethereum Roll-ups, and Avalanche Subnets are identical. MLM at its finest.

Ethereum L2 development is really slow. The teams are too small, underfunded, and as a consequence of the funding model never composed properly.

I've been playing with DeFi stuff, but using strategies where almost all of the risk is in gas fees or in a very small subset of well tested/audited contracts failing. I think people like DeFi because they like gambling. Investing, trading/speculating, and gambling are distinct.

If the creator of this image wants to be attributed they will be. At the end of $MTM day 2 this felt like a proper homage.

I guess this is what I'm up to now.

I'm a boring guy, I like Cosmos, Ethereum, Bitcoin. I'm also getting more into Flow and Avalanche.

I'm worried Ethereum won't go back to "normal". The World Computer is dead. EIP1559 isn't going to help with this. I'm not even sure getting rid of gas completely will fix this.

People don't understand how much the Ethereum pre-mine will forever effect the governance of any chain forked from that genesis block. People don't understand that early Bitcoin culture is not transitive and can't be duplicated. This why there are no @ln_zap like teams on ETH.

Do I really want to wake up in Japan and start reading about SEC complaints or legal contracts for forming DAOs? What am I doing with my life?

The demo runs.

Let's see how quickly we can speedrun this. If you're interested in working on this reply below. @mark_to_market0

This is my work Twitter. People who've known me for a while will immediately appreciate why I primarily tweet with my "real name". I really don't use Twitter to be traumatized by information about police insanity, I really do just use it to stay up to date with work...

Did I update my profile correctly?

4 years in "stealth". laconic.com announcing this quarter.

Sigh, $UNI broke Ethereum. Congrats @UniswapProtocol!

This shit was not on my bingo card. My morning meetings tomorrow will be interesting.

I'm a little shocked more people aren't talking about Tether transitioning to Ethereum.

As an author of EIP-1559, I think this does a better of job explaining EIP-1559 than EIP-1559 and all previous documentation of it does. It's short too.

I regularly forget how much Ether was premined. It seems crazy when I think about it now.

The thing that is probably the most confusing about me professionally, is I sincerely don't like money, I don't like thinking about it, or dealing with it. I work in crypto because I'm obsessed with "fair games", which is antithetical to "unbounded accumulation".

This is what I keep trying to explain to #DeFi people: If this kind sir below decides to take a long vacation, you're fucked. How many DeFi Degens even know who this kind sir is? geth 1.9.0 saved the network, not possible without Péter. blog.ethereum.org/2019/07/10…

This would be a great opportunity to get @binance, @0xPolygon, and anyone else out there to come home and contribute to the upstream your various empires rely on. We can all work together to eliminate whole classes of systemic risk we're creating by not communicating.

The more I read, "NFTs are a scam", the more I'm convinced that the problem isn't NFTs or "crypto", it's people believing that there is some 20th Century or later social activity that _isn't_ a scam. If it involves money changing hands between strangers, it's probably a scam.

Over the past couple of weeks a lot of people have asked me what it is I'm working on. It's kinda difficult to explain because all the projects I work on share themes, but if you're not me, it would probably be difficult to see the thread. Following along won't be easy.

Hiring for a crypto project is more like recruiting for a warez group than hiring for enterprise.

This community of degens asked me for some "tech support". I'm really impressed with what people have come up with in a few days and the excitement around it. I'm running the llama instance on my desk lol.

I'm seriously considering starting my own DAO.

Who is interested in discussing Ethereum L2 adoption (and a little bit about L2 adoption at large) with me?

Short 2 year update: Which companies I work with changes from year to year. And in some sense DeFi has forced me to accept that mass adoption of blockchain technology is still far away. That being said, I still passionate about developing open platforms for safe transactions.

Too late pump.fun/coin/97RggLo3zV5kFG…

Do people actually think Ethereum is usable? (I "use" Ethereum everyday.) We have a fee crisis caused by 4-10 entities backrunning. There is NOTHING wrong with these entities using the system as implemented, but can we... I don't know... hurry up and patch this shit?

Having the beacon chain run risc-v and then running the EVM in that makes way too much sense. It's actually not that difficult, @VitalikButerin if you want someone to work on this, I'm interested in managing the project.

Powered by @laconicnetwork in case you're wondering.

I should probably frame this. If I ever teach a class on WTF I witnessed during this time, I'll reference the below tweet.

Exactly what I was thinking when I proposed we remove the dead transaction types all those years ago. lolsigh.

Hello to all the new followers. I suggest you also follow @mark_to_market0. That's where all the hope will be. This will continue to doom posting about humanity.

Hello @anza_xyz , as I'm sure you're aware at this point you've recently hired @maxresnick, who makes fun of people in this industry who have died tragically. This situation is so completely insane, this tweet isn't going to be super well formed. But I felt given the respect I have for Nikolai and his work, I should say it will be very difficult for me to interact with the things you folks make and not think, "that guy who's famous for being rude and has contributed nothing of merit collects a paycheck from those people." I've just started really looking at Solana seriously, and I have to be honest knowing that Max is lurking in some corner somewhere will slow me down.

Constantly learning new things is sort of like a confusion addiction.

I've gotten a lot of good news today and I suspect my good fortune is infectious.

My weekend plans.

Someone's playing games on the Ethereum Mainnet, lots of short reorgs.

The Ethereum Community is an overly excited puppy that gets distracted by whatever dumb thing crosses it's path, EOS, Tron, and now Libra. Buidl is a dumb meme since the base infrastructure isn't done and most people into memes can't do it.

"Nobody" else knew the bug in IAVL was there, but "everyone" knew to use ICS23 instead. If @binance ever listened to their upstream providers, we would have told them "please just switch to ICS23, we'll help you migrate" but there is no one there to say this to.

The problem is these KOLs are fucking idiots who don't know literally the first thing about software. IT MUST BE APPCHAINS THERE IS NO OTHER OPTION. When you stop and listen to these fucking morons, when you take time out of your day and lend them your ear, the thing they suggest is still a fucking appchain, because there is no other option. Scaling is really hard to understand, that's why people go to college and get degrees in it.

They call it the trenches for a reason. oof.

One of the most exciting things for me to see in the blockchain space: the very basics of proving a radio was in a particular place at a particular time.

I feel really stupid for assuming the royalty systems implemented by @rariblecom and @opensea made any sense before I actually read the code. What a mess.

I have a lot of hope for the future. So much of what we do depends on strong convictions and belief. Even if the laws of physics dominate, it's our conviction that manifests reality.

This is so important... I wish I could articulate how important the lightning code and development process is. I wish scaling this team was as easy as a $10mil USD ICO :)

The biggest problem I have with Ethereum is that for a lot of people it represents their subculture identification. Probably the last thing I'd want to associate with a technical project. But I say this being from the hacker scene... so take with a huge grain of salt.

Someone DDoS'd gorbagana.wtf forcing us to move to the paid tier of Cloudflare. Congratulations?

I'm probably going to do a podcast, who should I interview? what topic would people like to hear me discuss? it would probably be more of a radiolab format, not straight interviews. First topic is stable coins.

Everything in Ethereum is held together with duct tape and bubble gum. So little of the tooling works. I've spent 5 years working on a project to fix a "simple issue". There is practically no benefit to my business using multiple ETH wallets if they _EVER_ touch an off ramp.

It really difficult to do all the work required to support my business and follow all the research required to continue my work. I think this is why we see so many people who "get stuck" in whatever blockchain paradigm they were introduced to, staying current is a chore.

This sort of hacking shares a lot of DNA with 80s/90s hacking. It's nearly impossible to have all of the domain expertise required to safely execute a "large scale attack", it's also nearly impossible to recruit enough defection-resistant partners.

Yes! You crazy degens keep buying $3 $BASED. I do I want to know what is wrong with you people? You know it's $1 "stablecoin", right?!

Sigh. At best this is fake news. As a community we need to have a discussion about what words mean and why we use them. Do we use words to communicate about reality or do we use words to get investors excited? If your blockchain isn't public but only does 6k TPS, why so slow?

I'm in Prague, I'm not sure why.

1. Imagine your net worth is in the billions of dollars and essentially non-sovereign. 2. You really love technology, LLMs, etc. 3. You are also unafraid to have various body modifications, including but not limited to neurological implants. 4. Over time, you construct agents that act on your behalf in professional and private matters. There is no confusion if these agents have natural personhood, but throughout your life you have through an assortment of explicit and duplicitous means given these agents power of attorney and had them manage a wide array of your affairs. 5. As you age, you are seen by fewer and fewer people. You are in your 90s and you seem exactly as prolific as you were in your 60s. Your comments on current events are for better or worse perfectly in line with your public statements of 30 years ago, with the notable difference that far fewer people care. 6. You are in your 120s, you haven't been seen publicly in ~30 years, your businesses continue to do well, you sound lucid on earnings calls. A tight circle of great grandchildren, board members, and house staff all attest time and again to your health and well being. 7. You are now 175 years old. Your wealth is extremely well diversified, a few of your great great grandchildren have achieved the sovereign status you so longed for. A new nurse has been hired to take care of you. Your bed faces a full panoramic window. There is grass, a garden, a forest, your house is on a mountain side, the half sky filled view beyond is truly stunning. The nurse seeing your body is somewhat confused. Your eyes are open, you have a mouth of full perfect teeth, but you are a husk, skin on bones with a surprisingly small assortment of I/O tubes. When the nurse asks, "what could I possibly be needed for here?" It is explained to them, very simply, that from time to time someone will come and ask you a short list of very complex yes or no questions, silence is taken as a no. The nurse will be prepped before each meeting and it will be very obvious which questions should be answered yes, if for some reason, you The Husk fail to give a yes response in a timely manner, the nurse will poke you in a very particular part of the shoulder and a yes will be emitted. 8. You are 205 years old, the nurse is working her final day before retirement. An auditor from some country she's only vaguely aware of has spent the last 10 years attempting to verify the health of the very secretive oldest person in the world. Apparently some truly remote descendant has realized that if you were in fact dead, they would be extremely wealthy. They have taken it upon themselves to reveal that you have been braindead, from a stroke, for the last 120 years. Unfortunately, for them, they failed to realize that various agents had been faking and destroying records for the last 150. 9. The new nurse is given exactly the same instructions as the old one.

I don't have stats, but the scene feels like young single males, you know, historically the cannon fodder for war. Meme heavy TGs have the wartime vibe of IRC warez channels. 2000s babies LARPing the movie Wall Street and getting the aesthetic *very* confused.

I guess all those people that unfriended me after I said I hate DeFi won't get to read my suggestions about how to improve DeFi. Fitting really.

Oh. lol. The greatest workplace hazard from working in crypto is not rubber hose cryptoanalysis, it's being on this hell site and subjecting myself to memes. But if I don't engage this incredibly toxic environment, I won't have any idea what's going on. What's the fix?

I need to send a transaction now, and I can't use tornado.cash because gas is fucking 298 GWei. LOL Ethereum is so fucked.

Twitter would be a lot more chill if dueling was still a thing. We shouldn't be advocating for civil discourse, we should just make one on one fights to the death legal again.

There is no cohort I have interacted with in my professional life more resistant to learning than VCs. Everything has to be catered to them, they *never* try to understand novel things. Some CEOs full time job is educating VCs, they don't have time for anything else.

If you are writing open source code in the blockchain space, you shouldn't sign a confidentiality agreement, how the fuck does a DAO have trade secrets?

I wish I had time to care about NFTs, I don't even have time to care about DeFi. I started on L2s, PoS, and mechanism design, still my focus. Although it's completely possible for someone to switch topics faster than I do, I'm skeptical when tech folks jump topics very quickly.

DeFi should stop using APY and agree[sic] on some common alternative epoch. It's not an APY if governance can change it every 15 minutes, or 13 seconds. :)

These bots are saying some of the nicest things about me, it's really quite flattering.

People are still writing about Ethereum Killers. I'm way more worried about how long it took core devs to even discuss getting rid of gas tokens, we have to do better.

I'm always excited after my meetings with @foamspace. Really really brilliant work.

I have a lot of respect for @peter_szilagyi, @realLedgerwatch, @VitalikButerin, and @dannyryan. That being said, there is not a Head-of-Product/Lead-Architect working on geth. The circuit between dapps devs and protocol dev remains open. Is this decentralization? How do we fix?

Indeed. If you're interested in mobile development or LLM optimizations, please reach out.

Yeah, so folks probably don't realize that the audit demand far far exceeds the number of skilled auditors, right now we have a lot of proof readers. As humans we will always trend towards making systems just beyond our ability to understand. We have to fix the programming model

It's fairly easy to write a decentralized replacement for Etherscan, we got an EF Grant to start the work, now seems like a good time for someone to fund the work so it can continue.

The Cosmos Ecosystem is such a mess. I might just have to mute the whole thing. Eventually all this bullshit is going to start impacting the code. I wish there was a simple fix.

Friendly reminder all the Cosmos Ecosystem messiness is evidence it's actually decentralized.

Earlier today it dawned on me that this year I've probably made the best work or my life. I hope at some point, while I'm alive, it's publicly available and people recognize I did all of it. I don't mind that my name is blazing on everything I do, but it has odd side effects.

It's difficult for people who don't work with me to appreciate how much I work and how much effort is required to get little things done in crypto. Thankfully, one of my life goals before getting into crypto was no indictments. A lot of the preparation that went into staying on the right side of the law saved me from other problems.

I really wish the blockchain industry was more interested in history or at least not so completely and needlessly disjoint from it. Listening to Ray Dalio and reading @delitzer reminded me of this.

Can a third party verify the computation done on AWS without doing it themselves? Can someone launch an EC2 instance without agreeing to terms of use? It's those two things Ethereum users are paying for, not storage and compute. Nice try though.

Linux is too complicated for normal people to give a fuck.

I think Proof of Waste actually is a better term, because if the "work" can be used for some other purpose, it will almost surely screw up the economic security guarantees. I might as well mention I'm generally opposed to economic guarantees, since you know, billionaires.

I'm pretty sure I've paid dexscreener. As a matter of opsec I had to change the twitter handle to @mark_to_market0

Has anyone else noticed that web search engines have gotten really bad over the last... 5ish years?

It's strange that some people don't seem to realize that @mark_to_market0 is a bot. That's probably the biggest lesson in all this: people really don't process media as I assumed, especially social media. The face on a car thing is a lot bigger than I realized.

It's been a pleasure working with @MakerDAO and I hope to continue doing so in the future. The VulcanizeDB code will be made public here, github.com/vulcanize/vulcani… at Maker's discretion. For the double nerds, we will most likely be releasing those changes under AGPL.

I've spent nearly the entirety of my professional life being the only black person in the room and to everyone's deep misfortune also the smartest person in the room. It's obvious to me that people have no idea how their participation in the radicalization of police...