bruno retweeted
The last week made the case for private money better than we could.
Gnosis Pay: names and home addresses leaked, tied to linked wallet addresses. On a public chain, that's your balance too.
Paraguay: Ueno Bank seized, ~3M people locked out of their accounts overnight.
Two failures:
→ someone else holds your data
→ someone else holds your money
zk.money is early. But the vision is simple: become the standard for private, non-custodial money.
Your money, private by default.
bruno retweeted
Why we need unstoppable private money
🇵🇾 Chaos on the streets as Paraguay’s largest digital bank collapses
Nearly 3 million customers affected as the country faces a major political and financial crisis.
Paraguay’s Central Bank (BCP) seized Ueno Bank, the country's largest digital lender, after its solvency ratio collapsed to less than half the legal limit.
Central Bank President Carlos Carvallo resigned at the request of President Santiago Peña. Carvallo previously chaired the finance company that evolved into Ueno Bank, drawing heavy criticism over regulatory blind spots and conflicts of interest.
The Specialized Unit for Economic Crimes and Anti-Corruption ordered the detention of eight high-level executives and figures tied to the bank, including founder and majority shareholder Miguel Vázquez and Ueno Bank President Juan Manuel Gustale.
The intervention completely froze Ueno Bank’s digital app, credit cards, and transfer capabilities. This has locked out roughly 3 million users, an estimated 60% of Paraguay's adult population, leaving many with no immediate way to access their money.
The state health and pension fund (IPS) has an estimated $380 million in public retirement funds invested in Ueno Bank.
Angry citizens, savers, and pensioners flooded the streets of the capital and gathered outside closed branches, demanding their cash and chanting for political accountability.
bruno retweeted
I wondered when the labs would stumble into our corner of the research world....
welcome to ZK folks!
anthropic.com/research/prova…
now i can finally convince my friends that ZKPs are real things and not just made up crypto mumbo jumbo
well well well, things I didn’t expect:
• anthropic shipping zk proofs for ai inference
• with that ofc the proof system is similar to what ethereum rollups use (so surprising to see which rollups got mentioned) cc @gluk64
• part of the jump on speed is that they used h100, the earlier proof of the same model was done in 14 hrs for 1k tokens, compared to 9sec today
anthropic.com/research/prova…
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people often confuse 'reading' with 'productive work'
but reading should be fun
read Dungeon Crawler Carl if you want to have fun reading
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Time for the Crypto community to address the elephant in the room.
Between AI-driven attacks, quantum, and hacks getting bigger every year, we need to talk about a 2–3 year window where chains can roll-back in extreme cases.
You think it’s Controversial? Sure. But talk privately to people in this industry and most will admit they agree.
I am sure you’d find more agreement across communities than you’d expect. The practical reality: ~90% of funds sit on BTC, ETH and SOL. We basically need three communities to agree.
Blockchains today are not prepared for true black swan events and we have many knocking at the door, We should be honest about that.
Call it a hardening period. But validator-level coordination and roll-back needs to be on the table.
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bruno retweeted
Opt out. Opt out. Opt out. Opt out.
Repeat after me.
OPT OUT.
Coinbase has not had a data breach.
Amplitude, an analytics vendor, experienced a security incident which impacted a small subset of Coinbase customer contact data, among other Amplitude customers.
We’ve found no evidence of unauthorized access to Coinbase systems, and customer funds were not impacted.
We are notifying impacted customers and regulatory agencies in accordance with our legal obligations.
if you are struggling with anxiety, or if you simply want to become a better version of yourself...
read The Untethered Soul
you will not regret it
in the past, after I would forgive someone, when the thoughts/feelings would inevitably return, I would question whether I actually *had* forgiven them. But now I understand clearly that I just wasn't quite thinking about the whole thing correctly
anyway, 10/10, highly recommend
brought to you as an adjacent learning from reading the untethered soul, h/t @blulinski
something something when the student is ready, the teacher will appear
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bruno retweeted
in the past, after I would forgive someone, when the thoughts/feelings would inevitably return, I would question whether I actually *had* forgiven them. But now I understand clearly that I just wasn't quite thinking about the whole thing correctly
anyway, 10/10, highly recommend
brought to you as an adjacent learning from reading the untethered soul, h/t @blulinski
something something when the student is ready, the teacher will appear
new career plan:
(1) join the most fraudulent company possible
(2) profit
follow me for more wealth building tips
BREAKING: President Trump reveals his new anti-fraud program set up to reward people who expose fraud with a 1% commission on the money uncovered.
"If you turn somebody in and you, let's say report and you find $1 billion, we are giving a commission to that person of 1%."
Readers added context they thought people might want to know
DOJ's published guidance caps individual whistleblower rewards at up to $30,000 per tip, not an uncapped 1% of fraud uncovered, with a total program fund of $25 million. A $1 billion fraud tip would not yield a $10 million payout under the official program rules. newsweek.com/trump-vance-of… foxnews.com/politics/trump…
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bruno retweeted
Revolut being down is a reminder that better financial UX isn’t enough
the future also needs self-custody, open rails and privacy
that’s what we’re building toward with @zk_money
![[Redacted], your Ether.fi account is doxxed](https://pbs.twimg.com/media/HUwhQ17XkAEV62e.jpg)