what kind of psychopath are we dealing with

Finally!

The Definitive Thread on FTX I met SBF before FTX started, and witnessed their rise and fall. I can't stand The New York Times's puff piece. If anyone wants to know what happened, send them this.

Having a safe CEX: proof of solvency and beyond vitalik.ca/general/2022/1… Big thanks to Balaji and staff from Coinbase 🛡️ Binance Kraken Exchange for discussion!

Grayscale GBTC Trust, the largest legal holder of BTC, refuses to provide any Proof of Reserve. To begin a community lead effort at transparency for the GBTC holdings, we have taken steps to ID likely GBTC addresses and balances based on public info and blockchain forensics.

It's a Bitcoin miner bloodbath. Most aggressive miner selling in almost 7 years now. Up 400% in just 3 weeks! If price doesn't go up soon, we are going to see a lot of Bitcoin miners out of business.

So Bitcoin miners rely on bitcoins issuance for like 97% of their income. And Bitcoin won't see any increase in usage(fees paid) because it doesn't support defi natively. And it only scales off chain with no fees paid.... So can someone explain to me how Bitcoin survives?

"The earth is degenerating today. Bribery and corruption abound. Children no longer obey their parents, every man wants to write a book, and it is evident that the end of the world is fast approaching." - Assyrian tablet, c. 2800 BC

Interesting

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Overthinker by Nicolae Scarlat

Introducing Coinbase’s new ERC-20 self-service asset recovery tool. A safe, simple, and secure way for our customers to recover almost 4,000 unsupported ERC-20 tokens.

There’s a video circulating of CZ where he says ”we are financially strong, we’ll let the lawyers handle it” to whether they could handle a $2.1bn withdrawal. That vid is about if FTX’s liquidator would clawback funds Binance got from the FTX buyout. Not customer withdrawals.

That sounds a real breakthrough for building L3 (and more) at a cheaper cost. "The cost of proving a step of a program is proportional only to the size of the circuit representing the instruction invoked" The future is promising for ZK-Rollups! ia.cr/2022/1758

My crypto predictions for 2023. Mostly about Eth related tech, just for fun. Let's see if next year is as full of surprises as this year was.

2023 predictions:

I dOnT unDerStAnD tHe tOkEnOmIcS oF L2 tOkeNs mate they have better business models than alt l1's like solana business model is easy they sell blockspace on L2 and buy blockspace on L1 and pocket some nice spreads on the diff while still offering end users 10x cheaper fees

Hear me out Silicon Valley Bank Classic

Vicious Self-Degradation > you Google > Quora spots query and id’s as frequent > Quora uses ChatGPT to generate answer > ChatGPT hallucinates > Google picks up Quora answer as highest probability correct answer > ChatGPT hallucination is now canonical Google answer