Can't afford the audits to become mainnet Jeff.

Earth
Joined December 2021
base is coming across as more and more sneaky every passing day.
BREAKING: Ethereum core developers schedule EIP-8141 account abstraction for the Hegotá upgrade. EIP-8141 has moved from “Considered” to “Scheduled,” signaling that Account Abstraction is now expected to ship with Hegotá. The move comes as EIP-8130 emerges as a competing design and is set to launch on Base in September, raising concerns about fragmented standards across Ethereum L1 and L2s. Developers are now working toward a shared transaction standard that preserves L1 flexibility while allowing L2s to optimize for performance and DoS resistance, with the goal of making accounts interoperable across Ethereum’s ecosystem.
3
61
Jeff 🦇🔊 (testnetjeff.eth) retweeted
One thing before I start: everything in this post is public information from my own docket. None of it is new, and I'm not revealing anything you can't already find in the court filings yourself. The retrial just got pushed to April 26, 2027. The order came down today (Dkt. 300). My acquittal motion is still sitting there, undecided. I honestly don't know when this ends. Prosecutors are supposed to protect American interests and go after people who broke the law. A jury deadlocked on the two most serious counts against me. And still SDNY won't stop, because this case was never just about me. It's about setting an example. Don't take my word for it. Tara La Morte, the chief of SDNY's Illicit Finance and Money Laundering Unit, said it herself at a New York City Bar Association event (Law360, Feb. 23, 2024; filed on my docket as Doc. 25-2): "We want the industry to take notice." "What we're trying to do is sort of bring the industry into compliance, and I think Tornado Cash is an example of that." An example. Out of a developer who wrote code. At that same event, her deputy praised the government's blockchain-tracing partner, Chainalysis. Here is what they didn't tell the audience. All of it is from the public docket in my case. According to the trial transcripts, Chainalysis was running its OWN Tornado Cash relayer, and earning fees on the transactions flowing through it. - Chainalysis's own lawyers admitted to "a relayer node that Chainalysis operated"; my subpoena sought documents on Tornado Cash relayer(s) "used from March to August 2022." (Dkt. 211) - In open court, the prosecutor said it plainly: "I think the parties agree as to that part of the testimony, that the Chainalysis relayer earned fees." Same hearing: "there's zero evidence that the defendant was in any way aware that Chainalysis was running a relayer." (Dkt. 259, July 25, 2025) So the company that helped trace my "criminal" transactions was itself profiting from Tornado Cash transactions, while I was prosecuted over software I helped create. And when my lawyers subpoenaed them to testify? - Chainalysis moved to quash. (Dkt. 211) - The government backed them: "Your Honor, we agree with the position outlined in the motion." (Dkt. 255) - The night before, prosecutors called Chainalysis's counsel. The judge asked point-blank: "Did you let them know that they were potentially subject to investigation or prosecution?" The answer: "We have discussed at a high level some of the issues surrounding the relayer with Chainalysis." (Dkt. 259) - The Chainalysis witness took the Fifth. My lawyers learned about that call only afterward, from Chainalysis's own lawyer. (Dkt. 263) The jury never heard any of it. This spring, at the Bitcoin 2026 conference in Las Vegas, something happened that I still can't quite believe. The Acting Attorney General, Todd Blanche, and the FBI Director, Kash Patel, sat on a panel called "Code is Free Speech." Think about that. The two top law enforcement officials in the country. Blanche told thousands of developers: if you're a coder and you're not the one committing the crime, "you are not going to be investigated and not going to be charged." He said the last administration's crypto cases were "outrageous attacks on the industry." Patel praised "the Chainalysises of the world" as FBI partners. And when the moderator pointed at the elephant in the room, my case, Tornado Cash, Roman Storm, the Acting Attorney General called it a "lingering case" they are "continuing to deal with." So here is my hypothetical question. If code is free speech, why am I still being prosecuted for writing it? And if the Chainalysises of the world are the partners, the same Chainalysis that ran its own Tornado Cash relayer and earned fees from Tornado Cash users, while I never did, why is it off the hook? They made an example out of a developer for writing code. Their own vendor ran the same infrastructure, pocketed the fees, and got a phone call instead of a prosecution. Sources 👇👇👇
73
420
92
1,682
392,444
mini M&Ms should be the default size. regular M&Ms should be rebranded as giant M&Ms. caramel M&Ms shouldnt exist.
2
3
67
lol
> 99.77% no > turnout is too low > okay turnout is higher now but it's self-selected > okay unique operators also say no but they don't speak for their delegators > okay solo stakers also say no but validators are obviously conflicted > asking validators about issuance is like asking landlords about rent > actually validator opinion was never relevant > users are what matter > no there is no way to measure what users think > measurable preferences are not social consensus > wow 99.9% no > this level of opposition is actually evidence of validator capture > precisely the entrenched rent-seeking constituency EIP-8363 is meant to fix > every additional no vote strengthens the case for ignoring the vote > 100% no > unprecedented proof that reform is urgently needed > proponents unchanged > rough consensus achieved
3
53
Moving
Remember that all government money is counterfeit. Such money began as discrete quantities of a real commodity: silver or gold. Such money was used and trusted because it was a bearer proxy for this real good; the paper (valueless) a receipt for a quantity of metal (valuable). And then the metal was stolen by the US Federal Government from all holders of the proxy instrument. The public was rugged, and now all government money is counterfeit, aka fiat. That the world continued on without rebellion says something about how easily the masses may be deceived so long as a charismatic man with a flag pin stands before them. When will he next appear before us? What illusion will we next be asked to believe? The bill for this crime is paid every year by everyone holding fiat, as they see prices rise and struggle with the attendant consequences of being paid in an asset debased in perpetuity. They attribute their suffering to some phenomenon of nature, or to the greed of capitalists, rather than to that specific act of fraud on August 15 1971.
1
37
As expected
🚨JUST IN: The White House Council of Economic Advisers has released its study on stablecoin yield and its potential impact on deposit flight and bank lending — the same report I noted last month that Senate Banking lawmakers were pressing the White House to release. The TLDR: Banning stablecoin yield would do little to boost bank lending, impose costs on consumers, and concerns around deposit flight are overstated. The data: At baseline, eliminating yield increases lending by just 0.02% (~$2.1B) and results in a net welfare loss. On deposit flight: The report finds those concerns are “quantitatively small,” noting most stablecoin reserves remain within the banking system, with only a limited share truly removed from lending activity. “In short, a yield prohibition would do very little to protect bank lending, while forgoing the consumer benefits of competitive returns on stablecoin holdings,” the executive summary reads. Link to the report below ⬇️
1
42
Awesome
S&P Dow Jones Indices and trade[XYZ] have joined forces to launch the first official S&P 500 perpetual contract, available exclusively on Hyperliquid. For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been shaped by market hours, intermediaries, and geography. Today, that changes. The S&P 500 perp is now available 24/7/365, anchored by the official index data required for deep liquidity and institutional confidence at scale.  SPDJI helped define modern indexing. They are stewards of an iconic benchmark, the standard against which portfolios across the globe are measured. We are honored to bring that legacy on-chain. Trade[XYZ] is bringing the world's most iconic assets towards a future of global, continuous markets — a future powered by Hyperliquid.
2
41
Oopsie doopsies
The real story here is worse than a fumble. It’s a three-step own goal. January 9: Anthropic locks Claude Code OAuth tokens, killing every third-party tool that built on Claude subscriptions. OpenClaw, which recommended Claude Opus 4.5 as its default model, wakes up to a broken integration. No warning. No partner outreach. January 27: Anthropic’s legal team sends the cease-and-desist over “Clawdbot” sounding too similar to “Claude.” Steinberger complies at 5 AM on a Discord call. During the 10-second window where he releases the old GitHub and X handles, crypto scammers hijack both accounts and run a $16M pump-and-dump scheme. The chaos reflects on the entire Claude ecosystem. February 15: Steinberger announces he’s joining OpenAI. So Anthropic had the fastest-growing open source project in AI history (145K+ GitHub stars, 2 million visitors in a single week), built by a guy who sold his last company for ~€100M, whose tool literally recommended Claude as the default model to millions of new users. Their response was to cut off his API access and send lawyers. Steinberger spent last week in San Francisco meeting with every major lab. He explicitly said he could have built OpenClaw into a massive company but chose OpenAI because he wanted “the fastest way to bring this to everyone.” Meanwhile OpenClaw has already spread to China, with Baidu planning direct integration into its main app. This is a project that was essentially a free distribution channel for Claude. Millions of developers installing a tool that defaults to your model. The growth marketing team at Anthropic should have been sending gift baskets, not legal notices. Sam Altman just got handed an open-source agent framework with global distribution and a brilliant founder, because Anthropic’s legal department moved faster than their partnerships team.
1
66
BofA, shaking in their boots, warns...
🚨 NOW: Bank of America, CEO warns up to $6 trillion in deposits could shift to stablecoins on Ethereum if allowed to pay interest by The CLARITY Act. Banks are scared users will go to the better product
49
Jeff 🦇🔊 (testnetjeff.eth) retweeted
Coinbase says "anti-yield" lobby is nuts🤣 @iampaulgrewal @standwithcrypto
22
112
6
560
30,858
Doing it the right way, the first time.
Ethereum itself must pass the walkaway test. Ethereum is meant to be a home for trustless and trust-minimized applications, whether in finance, governance or elsewhere. It must support applications that are more like tools - the hammer that once you buy it's yours - than like services that lose all functionality once the vendor loses interest in maintaining them (or worse, gets hacked or becomes value-extractive). Even when applications do have functionality that depends on a vendor, Ethereum can help reduce those dependencies as much as possible, and protect the user as much as possible in those cases where the dependencies fail. But building such applications is not possible on a base layer which itself depends on ongoing updates from a vendor in order to continue being usable - even if that "vendor" is the all core devs process. Ethereum the blockchain must have the traits that we strive for in Ethereum's applications. Hence, Ethereum itself must pass the walkaway test. This means that Ethereum must get to a place where we _can ossify if we want to_. We do not have to stop making changes to the protocol, but we must get to a place where Ethereum's value proposition does not strictly depend on any features that are not in the protocol already. This includes the following: * Full quantum-resistance. We should resist the trap of saying "let's delay quantum-resistance until the last possible moment in the name of ekeing out more efficiencies for a while longer". Individual users have that right, but the protocol should not. Being able to say "Ethereum's protocol, as it stands today, is cryptographically safe for a hundred years" is something we should strive to get to as soon as possible, and insist on as a point of pride. * An architecture that can expand to sufficient scalability. The protocol needs to have the properties that allow it to expand to many thousands of TPS over time, most notably ZK-EVM validation and data sampling through PeerDAS. Ideally, we get to a point where further scaling is done through "parameter only" changes - and ideally _those_ changes are not BPO-style forks, but rather are made with the same validator voting mechanism we use for the gas limit. * A state architecture that can last decades. This means deciding, and implementing, whatever form of partial statelessness and state expiry will let us feel comfortable letting Ethereum run with thousands of TPS for decades, without breaking sync or hard disk or I/O requirements. It also means future-proofing the tree and storage types to work well with this long-term environment. * An account model that is general-purpose (this is "full account abstraction": move away from enshrined ECDSA for signature validation) * A gas schedule that we are confident is free of DoS vulnerabilities, both for execution and for ZK-proving * A PoS economic model that, with all we have learned over the past half decade of proof of stake in Ethereum and full decade beyond, we are confident can last and remain decentralized for decades, and supports the usefulness of ETH as trustless collateral (eg. in governance-minimized ETH-backed stablecoins) * A block building model that we are confident will resist centralization pressure and guarantee censorship resistance even in unknown future environments Ideally, we do the hard work over the next few years, to get to a point where in the future almost all future innovation can happen through client optimization, and get reflected in the protocol through parameter changes. Every year, we should tick off at least one of these boxes, and ideally multiple. Do the right thing once, based on knowledge of what is truly the right thing (and not compromise halfway fixes), and maximize Ethereum's technological and social robustness for the long term. Ethereum goes hard. This is the gwei.
28
Jeff 🦇🔊 (testnetjeff.eth) retweeted
>wake up >drink coffee with butter >post some shit about the k shaped economy >20 minute sauna with blood boy >post some shit about how exhausting it is to always be skating to where the puck is going >listen to pitch from guy building sex robot that looks like the girl from ex machina. Tell him you love the skeuomorphism, looks really fuckable. Tell him you’ll circle back >tell some other founders you’ll circle back >finally circle back with some founders. Tell them you’ll circle back again >peptide time >remind blood boy to inject peptides, “remember, your blood is my blood. Our blood.” >post a terrible idea and then ask “who’s building this?” >ignore all responses from people building that >compare standing desks online. Compare jetcards and fractional ownership online >podcast appearance. “companies are just staying private longer. We have a ton of portcos that could very easily exit but have decided to just stay private. Just makes more sense for them.” Nailed it. Mention k shaped economy too. >plan ayahuasca trip with the boys. Ask ChatGPT to give you 10 shamans with at least 4.5 star ratings >dinner with founder who hasn’t found PMF. “You need to pivot. It’s time to pivot. No shame in a pivot. Make it more like a casino” it’s not a gambling company, doesn’t matter. Reflexivity. Massive unlocks. k shaped economy. Pivots. >drinks with founder whose company is now making money. Act disgusted “I just think you’re trying to monetize too quick. But you’re the founder. I invest in people not companies.” Company been alive for 6 years now. >hit the 8sleep and doze off asking if you could actually be charging 3 and 30. “Jim Simons did it. Why can’t I?” >charge 2 and 20 >underperform t bills
84
54
10
1,131
80,000
Right on time
BREAKING: JPMorgan, $JPM, starts tokenized money market fund on Ethereum, and to seed fund on Ethereum with $100 million internal capital, per WSJ
1
39
True if big
This is the biggest news of the fucking year. I humbly present you 2 quotes that will radically define 2026 and bring trillions onchain, I promise nothing you read will define the next 3 years more. 1. “The No-Action Letter authorizes DTC to offer a tokenization service for DTC Participants and their clients on pre-approved blockchains for three years. Under the NAL, DTC will have the ability to tokenize real-world assets, with the digital version having all the same entitlements, investor protections and ownership rights as the asset in its traditional form. In addition, DTC will provide the same high level of resiliency, safety and soundness as that of traditional markets.  The authorization applies to a defined set of highly liquid assets, including the Russell 1000, which represents the 1,000 largest publicly traded U.S. companies by market cap, as well as ETFs tracking major indices and U.S. Treasury bills, bonds and notes. The No-Action Letter is significant because it allows DTC to launch the service once finalized, under certain limitations and representations, more quickly than would have otherwise been possible.  “ You read that right - the US Gov is not only fast tracking the move on the entire US economy onto crypt rails, they are doing it with all the benefits of existing protections. The era of global financial access at the highest levels is upon us. 2. “Under the No-Action Letter, DTC is authorized to offer a limited production environment tokenization service across L1 and L2 providers. DTCC will provide more details about on-boarding requirements, including registering wallets, as well as the approval process for L1 and L2 networks in the coming months.” Where will the world be settled? In the Ethereum ecosystem of L1s and L2s. This should not come as a shock - DTCC launched their proof of concept using the Ethereum client Besu and now they are ready to use that background to bring the entire world to Ethereum. Trillions in 2026. Ethereum.
1
1
2
212
Yeah
ethereum settled more in stablecoins than visa in payments last year. $27 TRILLION > $15.68 TRILLION. ethereum is winning.
1
39
3. is a nice touch
Today, I’m incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and @nkennethk This proposal turns on protocol fees and aligns incentives across the Uniswap ecosystem Uniswap has been my passion and singular focus for the past 8 years. What started as a small side project is now global financial infrastructure powering thousands of applications with ~$1.8 trillion in annual trading UNI launched in 2020, but for the past 5 years Labs has been unable to meaningfully participate in Uniswap governance, and has been greatly restricted in the ways it can build value for the Uniswap community. That ends today! This restriction was in great part due to a hostile regulatory environment that cost thousands of hours and tens of millions in legal fees. Fortunately, the regulatory environment has shifted This proposal comes from a strong desire to see the Uniswap protocol win as the global decentralized exchange for tokenized value At a high level, the proposal: 1. Turns on protocol fees and uses them to burn UNI 2. Sends @unichain sequencer fees to the UNI burn 3. Burns 100M UNI from the treasury representing the protocol fees that could have been burned if fees were turned on at token launch 4. Introduces Protocol Fee Discount Auctions, a new way to improve LP outcomes and internalize MEV to the protocol 5. Introduces "aggregator hooks” which will turns Uniswap v4 into an onchain aggregator that collects protocol fees on external liquidity sources 6. Focus Labs on driving protocol growth and adoption, including a contractual agreement to only pursue initiatives that align with Uniswap governance interests ^ As part of this, Labs will stop collecting fees on its interface, wallet, and API to supercharge distribution and adoption of the Uniswap protocol 7. Moves Foundation employees to Labs with a shared goal of accelerating protocol growth, under a growth fund from the treasury 8. Move governance-owned Unisocks liquidity to v4 on Unichain and burn the LP position I believe Uniswap protocol can be the primary place tokens are traded. This proposal sets the stage for the next decade of its growth @Uniswap will ship relentlessly over the coming years and supercharge the ecosystem of developers, LPs, and traders building on top I'm so grateful to the community that has made this all possible, and excited for what's next 🦄
37