Institutions are underwater. ETF cost bases are higher than price.
David Sencil explains why buying Bitcoin here isn’t “buying the top” — and what that says about positioning in this part of the cycle.
@_dsencil x @graminitha1
Two years ago, I wrote this post on the possible areas that I see for ethereum + AI intersections: https://t.co/y8G3MD5APF
This is a topic that many people are excited about, but where I always worry that we think about the two from completely separate philosophical perspectives.
I am reminded of Toly's recent tweet that I should "work on AGI". I appreciate the compliment, for him to think that I am capable of contributing to such a lofty thing. However, I get this feeling that the frame of "work on AGI" itself contains an error: it is fundamentally undifferentiated, and has the connotation of "do the thing that, if you don't do it, someone else will do anyway two months later; the main difference is that you get to be the one at the top" (though this may not have been Toly's intention). It would be like describing Ethereum as "working in finance" or "working on computing".
To me, Ethereum, and my own view of how our civilization should do AGI, are precisely about choosing a positive direction rather than embracing undifferentiated acceleration of the arrow, and also I think it's actually important to integrate the crypto and AI perspectives.
I want an AI future where:
* We foster human freedom and empowerment (ie. we avoid both humans being relegated to retirement by AIs, and permanently stripped of power by human power structures that become impossible to surpass or escape)
* The world does not blow up (both "classic" superintelligent AI doom, and more chaotic scenarios from various forms of offense outpacing defense, cf. the four defense quadrants from the d/acc posts)
In the long term, this may involve crazy things like humans uploading or merging with AI, for those who want to be able to keep up with highly intelligent entities that can think a million times faster on silicon substrate. In the shorter term, it involves much more "ordinary" ideas, but still ideas that require deep rethinking compared to previous computing paradigms.
So now, my updated view, which definitely focuses on that shorter term, and where Ethereum plays an important role but is only one piece of a bigger puzzle:
# Building tooling to make more trustless and/or private interaction with AIs possible.
This includes:
* Local LLM tooling
* ZK-payment for API calls (so you can call remote models without linking your identity from call to call)
* Ongoing work into cryptographic ways to improve AI privacy
* Client-side verification of cryptographic proofs, TEE attestations, and any other forms of server-side assurance
Basically, the kinds of things we might also build for non-LLM compute (see eg. my ethereum privacy roadmap from a year ago https://t.co/KdsQbpIkF9 ), but for LLM calls as the compute we are protecting.
# Ethereum as an economic layer for AI-related interactions
This includes:
* API calls
* Bots hiring bots
* Security deposits, potentially eventually more complicated contraptions like onchain dispute resolution
* ERC-8004, AI reputation ideas
The goal here is to enable AIs to interact economically, which makes viable more decentralized AI architectures (as opposed to non-economic coordination between AIs that are all designed and run by one organization "in-house"). Economies not for the sake of economies, but to enable more decentralized authority.
# Make the cypherpunk "mountain man" vision a reality
Basically, take the vision that cypherpunk radicals have always dreamed of (don't trust; verify everything), that has been nonviable in reality because humans are never actually going to verify all the code ourselves. Now, we can finally make that vision happen, with LLMs doing the hard parts.
This includes:
* Interacting with ethereum apps without needing third party UIs
* Having a local model propose transactions for you on its own
* Having a local model verify transactions created by dapp UIs
* Local smart contract auditing, and assistance interpreting the meaning of FV proofs provided by others
* Verifying trust models of applications and protocols
# Make much better markets and governance a reality
Prediction and decision markets, decentralized governance, quadratic voting, combinatorial auctions, universal barter economy, and all kinds of constructions are all beautiful in theory, but have been greatly hampered in reality by one big constraint: limits to human attention and decision-making power.
LLMs remove that limitation, and massively scale human judgement. Hence, we can revisit all of those ideas.
These are all things that Ethereum can help to make a reality. They are also ideas that are in the d/acc spirit: enabling decentralized cooperation, and improving defense. We can revisit the best ideas from 2014, and add on top many more new and better ones, and with AI (and ZK) we have a whole new set of tools to make them come to life.
We can describe the above as a 2x2 chart. There's a lot to build!
FIDAN: NO IMMEDIATE US-IRAN WAR THREAT
Turkish Foreign Minister Hakan Fidan said there is no immediate risk of war between the United States and Iran, stressing the Middle East cannot handle another conflict. He said Turkey is using all means to prevent escalation.
Fidan also dismissed the idea of regime change in Iran through air strikes, calling it unrealistic. He argued the real issue is not the regime itself, but its policies and decisions.
4.7M+ unique wallets in week one
~300K secondary NFT sales
Nearly 5M NFTs minted - cross-chain from 23 networks
Ink’s x @OpenSea integration shows how quickly activity can take shape when barriers are removed. The next phase is about building forward. Testing, iterating, and
Day 2- timeline talk
I honestly was too busy today & was gonna skip the video then i got embarrassed😩
Anyways, Megaeth mainnet has gone live today & Ive seen it gets compared to Monad
I personally think they do something unique & it’s definitely worth exploring
I know so many are unhappy ( bros waiting to dump their token) but how about you just wait mate 🤡
This will be so awesome 🤩
All my @CryptoCatsApe revealed 👇
I'm so excited to explore @OthersideMeta with them 😇
ApeChain on top 💪👑
Almost time for #BNBHK 👀
Huge shoutout to these legends for making this possible: @OndoFinance, @awscloud, @NanoLabsLtd, @PancakeSwap & @UTechStables
Join us for In The Mood For BNB 👇
