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Ethereum
Joined February 2021
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incoming; global liquidity in the Ethereum Economic Zone
@etheconomiczone
We got an important step closer towards unified liquidity between L2s and Ethereum via @etheconomiczone.
Here is a @CoWSwap trade settled on L2 while using liquidity from L1. Bridging tokens out and receiving other tokens back all happens atomically!
Public testnet soon!
nΞxt alphaa 🛡️ retweeted
unified liquidity between L2s and Ethereum is such a big deal... it makes every single non Ethereum based protocol even more of a joke.
We got an important step closer towards unified liquidity between L2s and Ethereum via @etheconomiczone.
Here is a @CoWSwap trade settled on L2 while using liquidity from L1. Bridging tokens out and receiving other tokens back all happens atomically!
Public testnet soon!
’ ethereum:native is a precious commodity’ in the tokenization economy
Is the gas token of Ethereum and other tokenization networks a strategic commodity of national security implications?
Chris Perkins @perkinscr97 thinks so.
low fees/’rev’ to the Ethereum L1 is the mental blockage for rev guys
do remember when the same ppl cried that high fees on Ethereum was the issue lol
Ethereum ecosystem growth and ethereum:native as productive store-of-value commodity at 10k+ will solve this ’problem’
prediction: @arc as an L1 will be a failure because intranets can’t win over the internet ie Ethereum L1 is secure base layer for value
silver lining: it could be a success given they pivot to the L2 model – the most profitable model for onchain business
nΞxt alphaa 🛡️ retweeted
For too long, regulatory uncertainty has prevented responsible, yet critical innovation from taking root in the United States.
It has been a priority of my chairmanship to reverse this trend.
Though temporary, the Innovation Exemption is a principled, structured grant of relief designed to resolve genuine legal uncertainty, while providing investor protections and upholding market integrity standards.
Through this order and a number of ongoing initiatives, we will ensure that America remains the world’s premier destination to build the next generation of financial infrastructure.
tldr S&P is adopting Ethereum standards for onchain finance
Today we are announcing that S&P Global has entered an agreement to acquire OpenZeppelin.
Onchain finance is growing from an emerging market into core financial infrastructure, and the standards and rails our team and community built are becoming the rails of global finance. OpenZeppelin smart contracts facilitated over $37 trillion in value transferred, with the vast majority of the largest DeFi protocols, blockchain networks, stablecoins and tokenized funds relying on them.
With S&P Global, we expect to accelerate the impact of onchain finance, backed by more than a century of trust in global markets, benchmarks, and risk frameworks.
To our clients and to all the users of OpenZeppelin open source tools:
• OpenZeppelin Contracts and all our open source applications and tools remain open source, free, and publicly maintained on GitHub. Building open source standards stays a core priority.
• Audits, engineering work, and ecosystem programs continue with the same team, brand, quality, and customer experience, with what will be the added benefit of S&P Global's research capacity, market data, and institutional reach.
For the last decade, OpenZeppelin has set the security standard for onchain finance. Today begins a new chapter for that mission, together with one of the most trusted names in global markets.
Read the full announcement: openzeppelin.com/news/spglob…
’feel free to tokenize stocks for five years’
– the SEC
onchain is the new system
the ticker is $ETH
tldr gold and btc are built in ways that make them short the AI/quantum trade while ethereum:native is long it
nΞxt alphaa 🛡️ retweeted
Imagine launching a proof of authority L1 EVM chain when you could have easily launched a L2 and benefited from Ethereum's unmatched security and liveness guarantees.
Make it make sense.
reinventing the old CEX system on ’blockchain’ 🤡
We founded Circle with a vision that a new open economic layer would be built for the internet, enabling money, contracts and machines to operate on new distributed compute engines. That operating system just booted up for all today on @Arc
arc.io/blog/arc-economic-os-…
onchain is the new system
With or without CLARITY:
- Financial infrastructure will still move onto blockchain rails
- Trillions of dollars of assets will still be tokenized
- Dollars will still become programmable as stablecoins
And Ethereum - global, neutral infrastructure that transcends politics - will be the foundation for this Renaissance
ethereum:native
nΞxt alphaa 🛡️ retweeted
It's possible that a killer app of adversarial governance mechanism design theory will end up being AI safety.
Compare:
vitalik.eth.limo/general/202…
aiprospects.substack.com/p/p…
There's a deep duality between the two environments. Both are about a less-sophisticated principal trying to get ideal outcomes from a set of more-sophisticated agents: in the first case, the principal is a static algorithm and the agents are humans, in the second case, the principal is humans plus weaker LLMs and the agents are stronger LLMs.
A key finding was that you can achieve much better outcomes if you can guarantee limits to how much agents can collude (see: Nash equilibria being abundant, vs. cooperative-game-theory "cores" often being empty). That argument should naturally transfer to this new setting.
nΞxt alphaa 🛡️ retweeted
this is Dario and sama's worst nightmare -
A law firm buying Nvidia servers.
Latham & Watkins is building an in-house AI stack..
this is US’s second-largest law firm with $8.3 Billion in revenue last year
And now it has -
- Nvidia hardware it controls
- open-weight models it can fine tune
- proprietary legal data it is trusted to protect
- infrastructure only Latham employees can access
A law firm has decades of contracts, negotiations, client context, legal reasoning, and institutional knowledge.
They dont want to give all of that away to OpenAI or Anthropic in exchange for expensive tokens..
And on top of that - risk their data being used to train frontier models..
This will happen more and more now..
The big AI labs have no moat.. nothing protecting their largest customers from moving on..
The biggest companies in the world will -
- own the compute
- own the data
- own the workflow
- fine tune the model around their business
- switch providers when the pricing or quality changes
Dario and sama want to make this illegal by bringing in regulation.. and become the AI overlords..
nΞxt alphaa 🛡️ retweeted
I’ve spent the last two years working on ethical and responsible AI. Following tonight’s AI discussion, I can’t help but feel I’ve seen this movie before: INCEPTION, THE PRESTIGE, and THE ILLUSIONIST.
I keep wondering: could some of what we’re seeing be staged to make us demand the very restrictions its architects want? My concern? THE FINAL ACT: AI declared too dangerous for open source, but safe in the hands of a few approved giants.
Ethical and Responsible AI requires accountability, and that includes scrutinising those asking to write the rules. So, before we applaud the safety proposal, I would like to know who owns the theatre.
nΞxt alphaa 🛡️ retweeted
you scanned and burned millions of books, scraped the entire internet, and stole everyone’s outputs to train your own models. now that you have stolen it all, you want to take it away from others doing the same but without the destructive path you took. shame!
We Must Pace the Frontier: I’ve written a new essay on why the AI industry should slow down, with a three-part plan for doing so.
Anthropic is unilaterally committing to the first of these steps. We’ll provide third-party evaluators with permanent, employee-level access to our systems, so that they can verify adherence to our safety measures, report on incidents, and assess models’ alignment during training.
You can read the full post here: darioamodei.com/post/we-must…
