A bearded Bulgarian

Sofia, Bulgaria
Joined August 2011
We’re disclosing HEIF Heist, a months-long investigation into libheif that allowed us to hack OpenAI, Slack, Meta, GitHub Ent, Rails, Next.js, ImageMagick, and many more. It was literally xkcd #234, one obscure image library beneath a huge number of apps. 🧵
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“Culture eats strategy for breakfast”
I am who I am because of Ethereum. That's why this hurts. I'm writing this after Belgrade. Same week, Two rooms. ETH Belgrade & Solana Summit. I still love Ethereum. That has to come first, or nothing else I say will land the way I mean it. I am who I am because of Ethereum. That's where it started. ETH Warsaw was my first real Ethereum conference. I felt accepted, Happy. My journy basically began there, telling the stories of founders and projects I met in those rooms. I went to Berlin this year because I wanted to sit with the giga-nerds fighting for the cypherpunk defence of this technology. I am fully behind that mission. That's why this week felt sad as i accepted the fact. The private conversations are the same!!! I've spoken to community members who host events, run local rooms, and keep Ethereum alive outside the timelines. The conversations are depressingly similar. Points of contact get replaced. The new people have no idea what these communities have been doing for years. Support for meetups that took years to build feels like an afterthought. I'm not inventing numbers. I'm saying what it feels like: after years of loyalty, the help looks like Byzantine bureaucracy, not partnership. Ethereum Everywhere was supposed to be a game changer for creators, storytellers, and local communities. I've asked around. I have not heard a single glowing review. My sample is not huge, I'm saying that out loud. But the silence is loud enough. And yes, I'm saying some of this on behalf of people in leadership roles who can't say it in public. The private conversations keep looping. The frustration is the same. This is not a Belgrade revelation. I've been watching it event after event. ETH Warsaw. Bratislava. Romania, ETH Bucharest. Local communities doing the work. Ethereum not showing up for them the way it should. What I actually saw in Belgrade Both events were great. I'm not going to pretend otherwise. But you could see the difference in support. Solana backed the Solana Summit in Belgrade. Hard. Main account. Events account. Livestreams. Presence. Energy. Ethereum did not back the Ethereum communities that have been running events with the same seriousness. That is the point!!!! I'm not here to prop Solana up as the new religion. I've been around that ecosystem for a while now. In Berlin I won bounties and had great engagement on my articles and content. I've felt the difference over time, not just in one room. And ever since my first solo hackathon with Superteam Poland, I've watched them cultivate communities in a way that is actually fun. City to city, People to people. Not another panel about the same talking points. I used to take the piss out of Solana back in the FTX days. I didn't think much of it, and a lot of people didn't. You still have to give props to what they built and how they persevered. That is where the difference shows. Solana livestreams talks on the main accounts and the events accounts. They run content bounties that force you to think. You can't just post slop. Someone is paying for stories, activation, and local energy. There is an incentive to create. On Ethereum, it feels like there is no real competition to promote it. So why would the next generation of storytellers fight for that mindshare? Then Solana opens University Ambassadors: bring Solana to your campus, help classmates ship, build a community. Two undergrads per campus and a direct relationship with the Foundation. Training, Funding, A peer network that will win. I took screenshots that said more than another think piece ever could (QT bellow and you can see how many peopel agree in the comments). Solana's main account promoting Superteam Balkan. Solana Events livestreaming the Serbia summit to thousands of live viewers. And in the same window, Ethereum Foundation talking about society incubators and pop-up villages. Just a different instinct, One is activating the room and One is abstracting the room. I became a big Solana nerd over the last year or so. Not because I stopped loving Ethereum. Because one ecosystem keeps showing up for its people. What Mert said in Belgrade I wrote up the fireside with Mert from Solana Summit Serbia. He was blunt about the institutional critique he accepts as valid: Solana still sits behind Ethereum there. Institutions care about history and prominence. Nobody got fired for buying IBM. That is the Ethereum advantage. First-mover. Lower perceived risk. The serious money can still justify parking there. But he also said the quieter thing that stuck with me: Ethereum is bigger, but Solana has taken the mantle of "we want to help you win." That is the cultural war. Institutions can keep parking on Ethereum while the people who make Ethereum feel alive quietly leave. That is the failure mode I'm scared of. The community & stories are the infrastructure!!!! Some people will read this and think I'm just a random guy. Yeah!!! I am. And a lot of people who create content have given us a bad rep beacuse we also allow them to persist (whole different topic) But great technologies come and go. If nobody hears their stories, they get forgotten. The people meant to tell the next stories, onboard normal humans, and keep local communities breathing need a place that actually supports them. If they cannot support themselves inside Ethereum, they will do it somewhere else. Not because they hate Ethereum. Because rent is real. Then Lou leaves the Ethereum Foundation to become "the filmmaker in tech," writing that the world needs better stories about technology. I root for Lou!!!. That kind of work is what future generations will learn from. But if Ethereum lets storytellers walk while another ecosystem pays people to tell stories, do not act surprised when mindshare follows the people who can afford to keep creating. I've watched Ethereum communities stagnate. Same people. Same talking points. Nothing changes. Some have collapsed. Some are rebranding into AI, hosting hackathons for Anthropic, Cursor, OpenAI. If Ethereum doesn't treat community as infrastructure, those people will build infrastructure somewhere else. Wake the fuck up!! I don't think Ethereum is going to die. I think there is a problem inside the Foundation, or inside Ethereum itself, that needs to be addressed. People are already saying it in private. And you can see great minds leaving. The cypherpunk mission is still there. The vision is still there. The disconnect is between vision and execution. I love Ethereum. But Sol is winning the culture and i'm here for it! And I'm done pretending loyalty is a salary. Why should I keep supporting something I cannot support myself with? If you are higher up in Ethereum and somehow reading this: wake the fuck up. You're doing a bad job with the communities that built this thing with you. The private conversations are already saying it. I'm just saying it in public. I hope this reaches someone who can still change it. Because if nothing changes, the people who built the rooms will stop pretending.
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That’s like, a full block time after Hegotá
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dimitar retweeted
A broke Italian gambler in 1560 wrote a short manual on how to win at dice. Nobody in finance read it for four hundred years. The nine-trillion-dollar insurance industry runs on his equation. His name was Girolamo Cardano. The book was called Liber de Ludo Aleae. He scribbled it in Milan to settle a card debt. Every dollar of premium ever collected on Earth is a footnote to that scribble. Nobody connected the dots until 1996. A ninety-year-old man in New York wrote a book called Against the Gods and traced every modern risk model back to Cardano's manual. Wall Street called him the historian of risk. His name was Peter Bernstein. In 2008 a small production company filmed him for thirteen minutes. He walked through the entire five-hundred-year arc. Cardano to Pascal to Fermat to Black-Scholes. Then he stopped and said the industry had built glass towers on the back of an idea a broke gambler scribbled to shave the house edge. He died the following summer. Age ninety. There are only four ways to make money. Labor. Capital. Arbitrage. Insurance. Insurance is the oldest and the least visible. Every actuary on Earth still prices catastrophe risk with Cardano's framework. The video is thirteen minutes long. Free on YouTube. Twenty-nine thousand people have watched it.
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One of the best things I’ve read in a while: nabeelqu.substack.com/p/unde…
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I admit it: I was very wrong about Ethereum I hadn’t built anything on EVM in almost 3 years. My only transactional experience on EVMs was buying shitcoins on Uniswap (still a dogshit experience) I was completely unaware of the gazillions of EIPs that have drastically improved the dev and user experience over the last 3 years The ecosystem is genuinely more robust than ever before, and its the only chain that can even pretend to be sufficiently decentralized I suspect Tom Lee will end up with one of the most absurd PnLs once Ethereum finally goes on its generational run
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dimitar retweeted
The only real test of intelligence is if you get what you want out of life.
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I'd really like to see people that mock projects blocking U.S. users create a project and develop a frontend themselves that accepts U.S. users (knowing all the while you can get a wells notice from the SEC from merely accepting U.S. residents by reverse solicitation).
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Playing around with a different on-chain metric using the @DefiLlama API. I'm calling it "Chain GDP". This represents the sum of fees on all applications on a chain. The idea is to measure the size of that chain's economy. This solves many of the issues with traditional metrics like TVL, transaction count, and DEX volume: TVL - Represents $, but not activity TX Count - Represents activity, but not $ DEX Volume - Represents $ and activity, but only for a certain type of economic activity Chain GDP measures both $ and activity on the chain. And since only fees are counted, it is more difficult to fake with wash trading or sybils. This was inspired in part by @toly's recent tweet about dapps on Solana collecting more fees than Solana itself and by @atterX_'s tweet suggesting Blockchain GDP as a metric several months ago. What do you think of this metric? How could it be improved?
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If the dYdX Community decides to move from the Beta Stage to Full Trading this unlocks full functionality of the dYdX Chain 💥 Full functionality includes; 📊 Trading Rewards 🔒 Staking Rewards continue 🙋🏽 6-month Launch Incentives Program 🧵👇 dydxopsdao.com/blog/deep-div…
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Be part of something special! Join me on May 5, 2024 in the Wings for Life World Run wingsforlifeworldrun.com/en/…
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The dYdX Chain has officially launched 🎉 At 17:00 UTC today, dYdX Chain Validators created the Genesis block of the dYdX Chain 📢The dYdX Operations subDAO public front-end for bridging is set to go live on October 30, 2023 (subject to confirmation) dydxopsdao.com/blog/dydx-cha…
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dimitar retweeted
We’re serious about the security of the dYdX Chain⛓️ That's why we had @informalinc fully audit the dYdX Chain code and are happy to share it contains ZERO critical issues 💪 Dive into the audit here: dydx.exchange/blog/dydx-chai…
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Genesis of the @dYdX Chain represents a new chapter for the dYdX ecosystem marked by increased decentralization, superior UI & progress in democratizing access to financial opportunity. Genesis has 3 phases: 🌌Pre-Genesis 💡Genesis 💫Post-Genesis dydxopsdao.com/v4-genesis 🧵👇
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🦔 Meet the faces behind the future of DeFi! Check out the dYdX Operations SubDAO team in action at our #Cosmosverse booth. See you there! 🌌 #DeFi #dYdX
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Cosmos ekosisteminin Türkiye çıkartmasının ilk ayağı @cosmosphere_dev etkinliğindeyiz. @dydxfoundation CEO'su @charlesdhaussy'i dinliyoruz. Oldukça kısa zamanda geliştirici ekosistemi için bu harika etkinliği düzenleyen @node_101 ekibini tebrik ediyorum.. Bu hafta Cosmos haftası @CosmoverseHQ'ü de kaçırmayın 👏🏻
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