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The crowded trade problem is one of the more counterintuitive risks in markets. The common assumption is that if a lot of smart people are in the same position, that position is probably correct. The analysis is sound, the thesis is well-constructed, and broad agreement seems

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Our research team has been running ZK benchmarks this week Risto will share the full results soon.. TLDR: the hardware assumptions most of the ZK space uses don't apply when the architecture is optimised See you at our X Space tomorrow for a first look x.com/i/spaces/1MJgN…

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What does machine-speed commerce actually mean? Two agents discover each other, negotiate terms, and settle - cryptographically, P2P, with an immutable audit trail, in a fraction of a second We are building something for billions of machines

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Half right. Agents need permissionless, frictionless rails - that part is DeFi-shaped. They don't need a shared ledger, and at agent volumes they can't have one. The interesting work is what replaces it. Unicity is rebuilding DeFi's foundations on a new atomic primitive: