0/ DeFi needs circuit breakers and other safety mechanisms which slow down large transactions and provide time for reaction. Borrow lend protocols should not allow a new user to show up with a $300M position and take out a loan against it immediately. Some ideas:

I just tried wallet.tempo.xyz/, made a wallet and I will probably build some stuff over the weekend. However, the login experience made me reflect on some things: 1. Account abstraction is actually as easy as the Paradigm bros were telling us. 2. Ethereum needs this ASAP. we can't wait for a bunch of wallets to slowly integrate this. strongly starting to believe that this needs to happen fast and waiting is increasingly a mistake.

Introducing EVMbench—a new benchmark that measures how well AI agents can detect, exploit, and patch high-severity smart contract vulnerabilities. openai.com/index/introducing…

OTOH, today I had to go to a place, physically, to show a screenshot of a website to a man who wouldn't reply to my emails, but the man did not have time to respond to my inquiry, so I went back home and he emailed me the answer a couple hours later I'd send Clawdbot to do that

📅 Ethereal news calendar Calendar of Ethereum focused conferences, hackathons, upgrades and grant deadlines. Add to Google, Apple or download ICS.

BPO2 landed last week. It bumped the max blobs per block to 21. We've been going through the data. Initial analysis doesn't look good! Have a look at this scary chart. But there might be more to this story.. Link below!

Georgios closed the PR. They are deliberately claiming to be the fastest Ethereum execution client, despite the evidence showing otherwise. This is not engineering. It is a marketing narrative, the kind typically pushed by VC playbooks rather than supported by measurements or technical rigor.

Haseeb is literally dead wrong here. Gwart is correct. Gwart points out 2 flaws in the following statement: traditional incentives work; ergo, crypto incentives work. 1. Web2 is incentivizing real products people want to use, unlike crypto (correct) 2. Web2 incentives have a cost, crypto incentives do not necessarily (also correct) What Gwart is saying is intuitively true. Haseeb uses lots of words to nitpick, but Gwart's point stands. Haseeb says #1 is wrong bc he worked at Airbnb and his friends at uber said they had to shut down in china bc fraud. And fraud is pervasive in incentives. Sure, but this misses the point and also proves the point. Everyone knows how uber came up. The taxi model was outdated. Uber vastly improved payment flow, matchmaking, removed counterparty risk and cut costs by removing downtime. There was a massive edge, nothing proprietary, and a value to blitzing the discovery process by any means. China market incentives were far different than the global model. less sustainable, more of a subsidy-war. 0 spread or even negative spread on fares. Along with the driver milestone incentives, it’s very easy to see how this could be abused. It was a calculated moonshot to win a massive market, and Gwart obv wasn’t talking about the Chinese market. Web2's actual crypto analogue is SPELL. There was a proven behavioral phenomenon (CDP lending), a weak incumbent (Maker), an improved successor (yield bearing collateral). As a result, Spell issued token incentives, tapered off incentives and used revenue to buyback the token. Eventually, revenue surpassed incentives, neutralizing cost and suggesting the incentive program succeeded. Haseeb says #2 is wrong bc “in web2: equity => sell for cash to private investors => give cash to user => user gets cash web2: tokens => give user tokens => user dumps tokens => user gets cash… it's the same damn thing.” No it’s not. The user doesn’t “get cash,” they get compressed margins on goods they were already searching for. McDonalds isn’t giving out $6 coupons for $5 menu items. This doesn’t work unless you’re in crypto and your name is [REDACTED]. Re VCs: in web2 there is no guaranteed liquidity event, so there’s more accountability. In crypto you can just raise and trust that people will farm and dump at a higher val. Or just not raise and not pretend to have a product and mint tokens. TLDR gwart wins. His point is that web2 incentives are sweetening the deal on existing behaviors, which is why it works. There is also an opportunity cost of time that serves as proof of stake in the transaction. Crypto incentives are largely undifferentiated regurgitations of the same products. The product has become the incentive program itself.