crypto
/crypto16880
Discussions about crypto generally, from its use and tech to its culture and philosophy. Spammy talk about price, charts, gambling, etc. will be hidden or banned. See norms.
we’re so early
https://www.theblock.co/post/331713/german-authority-orders-eyeball-scanning-world-project-to-delete-data-after-investigation
This article misses an important distinction by the Bavarian DPA in their decision.
They made a key point twice which should send chills down the spine of any company posting raw data about users onchain:
“Comprehensive erasure following withdrawal of consent”
And
“the unrestricted opportunity to
enforce their right to erasure”
This isn’t accidental, and tho IANAL, I read it as there being no way to be GDPR compliant when posting user data onchain, no matter what consent you receive.
Maybe they will clarify this guidance later but I would recommend any companies doing onchain attestations or the like to investigate partial blind models so that the onchain component doesn’t inherently contain user data
This article misses an important distinction by the Bavarian DPA in their decision.
They made a key point twice which should send chills down the spine of any company posting raw data about users onchain:
“Comprehensive erasure following withdrawal of consent”
And
“the unrestricted opportunity to
enforce their right to erasure”
This isn’t accidental, and tho IANAL, I read it as there being no way to be GDPR compliant when posting user data onchain, no matter what consent you receive.
Maybe they will clarify this guidance later but I would recommend any companies doing onchain attestations or the like to investigate partial blind models so that the onchain component doesn’t inherently contain user data
At this stage I now believe crypto was planted to topple corrupt governments.
This is the most likely scenario.
This is the most likely scenario.
anyone got a copy of chamath's primer deck they're willing to share
Thank you Kraken and CDC, but I really don't want a highlight recap of my "2024 journey". It's depressing...
Also, you're not youtube or whatever. We have a business relationship. Stop making everything a "journey".
Also, you're not youtube or whatever. We have a business relationship. Stop making everything a "journey".
told a crypto skeptic today that it enables digital property rights and it clicked for him
so many foundational concepts in this space are still foreign on the outside, sometimes forget that
smart dude, had only thought of crypto as an investment - a highly speculative one ofc lol
so many foundational concepts in this space are still foreign on the outside, sometimes forget that
smart dude, had only thought of crypto as an investment - a highly speculative one ofc lol
this is how we win
The riskiest position is not having the crypto exposure.
Always been a huge supporter of Polygon. They paved the way for so much in our industry, inclusive of front-running ZK to viability about 5yrs before its time.
However, their new proposal is shocking. For anyone unaware, they're looking to essentially use all the stables on the polygon bridge ($1.3b), put it into yield farms, and then use the yield earned to fund polygon projects of their choosing.
For those of you who have been around a while: yes, exactly what caused FTX.
However, even if we were to assume good faith behaviour, the risks are absolutely systemic. All it'd take is one pool getting drained, and then you've got a bank rush on a completely synthetic asset ("loaned" stables) trying to get out of the bridge.
Protocols like Aave (50% of the TVL on Polygon) are also rekt, because they were lending out that same synthetic asset.
The idea of moving away from banks to self-custody, only to have a chain lend out my assets is just alien to me.
However, their new proposal is shocking. For anyone unaware, they're looking to essentially use all the stables on the polygon bridge ($1.3b), put it into yield farms, and then use the yield earned to fund polygon projects of their choosing.
For those of you who have been around a while: yes, exactly what caused FTX.
However, even if we were to assume good faith behaviour, the risks are absolutely systemic. All it'd take is one pool getting drained, and then you've got a bank rush on a completely synthetic asset ("loaned" stables) trying to get out of the bridge.
Protocols like Aave (50% of the TVL on Polygon) are also rekt, because they were lending out that same synthetic asset.
The idea of moving away from banks to self-custody, only to have a chain lend out my assets is just alien to me.
this is how we win
these people have no idea how these technologies actually work.
https://x.com/Jason/status/1868013907086078395
https://x.com/Jason/status/1868013907086078395
this is the case everyone needs to get behind
minted fukuhedrons on bitcoin. i am a fan of @mills work and /nakamigos always impressed me with their collections.
here are a couple of them.
here are a couple of them.
Yo. What does MegaETH do?
This seems like a big deal, no? This could break some people if they handle their onchain trades incorrectly.
Also we are using /witness to make these attestations verifiable on all the chains
So…
One tap in a /farcaster frame gets you:
- one /base onchain /eas attestation for something that’s truly useful (broadcasting who you’ve previously worked with so they can find and be found by other great people)
- two pointers to the attestation on both /colinks-and-co and /icebreaker
- 12+ onchain /witness posts of the attestation
How’s that for composability?
So…
One tap in a /farcaster frame gets you:
- one /base onchain /eas attestation for something that’s truly useful (broadcasting who you’ve previously worked with so they can find and be found by other great people)
- two pointers to the attestation on both /colinks-and-co and /icebreaker
- 12+ onchain /witness posts of the attestation
How’s that for composability?
my wife just referred to the cash balance of a fidelity account as "unstaked" -- very proud
Was talking to my oldest last night about gaming YouTubers. He said all the ones that couldn’t make it turned to crypto and ran rug pull scams. So if you ever wonder what the next generation thought of crypto, there you go.
Iron Fish + Ledger means fully private transactions with the security of hardware wallets.
Iron Fish <> EVM chain bridge is coming soon. That means...
- Private ETH and ERC20s on Iron Fish
- $IRON on dexes on EVM chains
If you care about onchain privacy, I can't think of a better xmas present.
Iron Fish <> EVM chain bridge is coming soon. That means...
- Private ETH and ERC20s on Iron Fish
- $IRON on dexes on EVM chains
If you care about onchain privacy, I can't think of a better xmas present.
meanwhile in financial advisor land
early lol
early lol
who makes the best price chart widget for a given token(preferably starting with base tokens and a react/js component)?
looking to turn my static cards to interactive price chart & swapping widgets inline for @cortex chats(eg. show me this trending clanker/wow/farcaster token and let me buy it inline)
looking to turn my static cards to interactive price chart & swapping widgets inline for @cortex chats(eg. show me this trending clanker/wow/farcaster token and let me buy it inline)
ask a farcaster-native chatbot about trending tokens to stay ahead of the curve
coming soon
https://warpcast.com/dylsteck.eth/0xaa2d7202
coming soon
https://warpcast.com/dylsteck.eth/0xaa2d7202