sanneh ⭕ (@sanneh_si) header
sanneh ⭕ (@sanneh_si) profile picture

Systems that create leverage:🔗https://xitter-newx.xyz-mikolabs.workers.dev/t.co/7X7JUsA09i🔗 🏔️🦅 Interested in #DeFi. #Ethereum Crypto is good. Superintelligence is good.

Slovenija
Joined March 2018
Photo by sanneh ⭕ (@sanneh_si)Photo by sanneh ⭕ (@sanneh_si)Photo by sanneh ⭕ (@sanneh_si)Photo by sanneh ⭕ (@sanneh_si)Photo by sanneh ⭕ (@sanneh_si)Photo by sanneh ⭕ (@sanneh_si)Photo by sanneh ⭕ (@sanneh_si)Photo by sanneh ⭕ (@sanneh_si)Photo by sanneh ⭕ (@sanneh_si)Photo by sanneh ⭕ (@sanneh_si)
A technical deep dive from our first brush with a hybrid-RAG search engine. It felt like building an algorithm that Google itself uses. Interesting findings on Data ownership at the end of the article.
77
Humans are inherently free beings. They only become oppressed when somebody oppresses them. In times of unchecked government tyranny, mass migration, mass inflation, banking control, restrictive regulation, and green policies that kill economic activity, your freedom is the last bastion of your humanity. In order to stay separate from the noise of the world, ETH represents a way to retain control over your personal sovereignty, even when the world is telling you that you're wrong, or that you're bad. You're not. The post below captures, quite accurately, my own view of what's coming. 👇 Without AI, we might have had decades, perhaps even centuries, more of oppression ahead of us. But I don't think mass incompetence can remain unchecked now that everyone has access to Superintelligence. Use AI, use Crypto!!
Why ETH is the store of value for what's coming We are almost certainly heading into a period of high inflation and extreme economic and social volatility. As inflation and risk erode the purchasing power of nation-state money and many other assets, it will matter more than ever to hold assets that keep or grow their value. Gold and BTC are high-powered money and excellent stores of value. ETH goes further. Not debt-based. Like gold and BTC, ETH is not debt-based or credit-based money. Censorship resistant. Like BTC, or gold and silver held physically, ETH transactions on Ethereum L1 can't be censored. That's true for simple payments and for complex smart contract programs like DeFi, and those programs are guaranteed to execute. Cheap to hold. Like BTC, ETH is relatively cheap to hold and store securely. Cheap to use at any scale. Ethereum is cheap and easy to use whether a transaction moves $1 or billions. Any well-formed transaction is guaranteed to execute. Sound, and getting sounder. ETH is disinflationary and becomes ultrasound, meaning deflationary, during periods of high network activity. Broadly useful. ETH has many uses across the Ethereum economy, and that economy will grow by orders of magnitude as finance, and eventually every industry, moves onchain. Global adoption of the Web protocols in the '90s and '00s transformed the world economy. Ethereum is the foundation of Web3, the user-centric, decentralized web. Collateral money. ETH works as collateral, and collateral that grows in value over time is a powerful thing. Home of stablecoins. Ethereum hosts the bulk of stablecoin activity. Stablecoins serve as payment money and as unit-of-account money. Despot-proof. Like BTC, ETH can't be used by a despot to financially exploit or repress citizens. Over time that should have positive geopolitical effects. Programmable. ETH is programmable money. You can attach arbitrary logic to transactions and build an entire economy on smart-contract-based agreements and business processes (see shodai.network). Transparent or private, and auditable either way. Money and financial instruments on Ethereum can be public or private, and in both cases selectively disclosable and auditable. Privacy tools for retail and institutional users include VPNs, mix networks, shielded and privacy pools, Railgun, stealth addresses, Kohaku, and zero-knowledge proofs in many forms, including on L2s and on private permissioned EVM networks linked through bridgeless synchronous composability. Future-proof. By the end of 2027, or partway through 2028 at the latest, ETH will be quantum-safe and AI-safe money. ETH is the base money of an exponentially growing ecosystem that should keep growing for decades. Its monetary premium will keep rising, because retail, corporate, and government users will all need to hold some. Part of today's premium is speculative: Ethereum dominates smart contract blockchains, but it hasn't fully hit its stride or gone mainstream yet. Machine intelligence will supercharge every scientific and technological pursuit and grow global GDP bigger and faster than any of us can imagine. Ethereum L1 and modular Ethereum L2s will undergird most of the high-value agreements, transactions, payment flows, and complex business processes behind the coming hybrid human-machine decentralized economy.
17
Human does it wrong? @bot does it right!
4
A little ETH hopium. Even though we technically broke the multi-month uptrend... ...that trend wasn't exactly healthy to begin with. Sellers spent months dumping into bullish rallies. Still, there's enough leeway here to preserve the broader bullish structure. Which conveniently lines up with the US midterm elections. A high-stakes event for crypto. The market increasingly wants pro-growth, pro-innovation, pro-crypto policy. And that's exactly where Crypto + AI is headed. Tokenisation. Stablecoins. Public liquidity pools. Crypto banking services. The next generation of financial infrastructure is being built in plain sight. 🚀
🤖 Made with AI
19
Brazil's stock market plunge is drawing attention because a 30% decline is far from ordinary. Markets ultimately respond to growth expectations, investment conditions, and confidence in future policy. The broader takeaway: voters everywhere should pay close attention to the long-term economic consequences of political decisions rather than assuming prosperity is guaranteed.
Crash total: Gana la izquierda El mercado no lo esperaba y colapsan las acciones Brasil está teniendo nuestro 19 de agosto de 2019
12
Alright, I'm officially on the Grok train. 🚂 Using @bot to do some spring cleaning on legacy profiles like LinkedIn. After that, I'm handing it a job that used to be done by actual people. Let's see how it performs. BTW, loving the SpaceXSI branding. What a truly stellar experience. 🚀
14
Good spot. Coinbase has spent the last four years trapped by a business model centred on extracting as much value as possible from crypto users, without a clear path beyond it. Their answer should have been obvious: embrace Ethereum's decentralisation and evolve into a DEX. With their brand, scale, and ability to bootstrap liquidity, they could have built a moat that competitors would struggle to match.
I feel scammed by @coinbase and @base, and here's why. Two weeks ago, I bought 3.99 tokenized Reddit shares (RDDTc) on Base. I used the token contract address listed on the official Base website. The tokens are issued by Coinbase and backed 1:1 by shares held in regulated custody. Reddit is listed there under Coinbase Tokenized Stocks, along with its prospectus and contract address. Today, I tried to sell my shares. Here's what I found: Underlying stock value: ~$590 @aeroxyz sell quote: ~$0.20 @Uniswap sell quote: ~$150 How is this acceptable? I contacted @CoinbaseSupport, but they replied that, for the best chance of getting a price close to the stock's market value, I should use Coinbase's official tokenized stocks interface on the Base website. But there's no sell option there. My concern isn't whether the token itself is legitimate. My concern is LIQUIDITY. Tokenized stocks have been live on Base for over 60 days, yet many still have almost no DEX liquidity. Out of 100+ tokenized stocks on Base, I've noticed that only around 15–20 have sufficient liquidity. Many others have less than $5K in liquidity. On October 11, I raised this issue with @jessepollak. Jesse replied: "It's coming, y'all are fast!" But we're still facing the same problem. We bought tokenized stocks because we expected to be able to trade them whenever we wanted. What's the point of bringing stocks onchain if users can't sell them at a reasonable price? Some tokenized stocks, like Apple, have sufficient liquidity, and trading works smoothly. So we know the experience can work. But for many other stocks, the situation is completely different. I've also noticed some tokenized stocks trading at significant premiums compared to their underlying shares. @base and @coinbase need to address two major problems: 1. Liquidity: Provide or incentivize sufficient liquidity across tokenized stocks, not just a handful of popular ones. 2. Price alignment: Improve price alignment so tokenized shares trade close to the value of their underlying stocks. If tokenized stocks are supposed to represent real shares backed 1:1, users deserve clarity about how liquidity, pricing, and redemption actually work. This is feedback, NOT FUD. I love Base. 💙 I build on Base, I support the ecosystem, and I genuinely want it to grow. But loving an ecosystem doesn't mean staying silent when something is wrong. Real feedback is necessary for real growth. Onchain stocks need onchain liquidity. @base @coinbase @jessepollak Let's fix this.
1
1
35
Ahh yes, Europe, the continent of PHP. Who would have thunk' it.
BREAKING: Government websites across Europe and beyond were taken offline on Wednesday after the discovery of severe flaws in PHP. - FINLAND SHUTS STATE INTERNET SERVICES OVER PHP FLAWS - NETHERLANDS CYBERSECURITY AGENCY TAKES WEBSITE OFFLINE OVER PHP FLAWS - FRANCE TEMPORARILY TAKES PREFECTURE WEBSITES OFFLINE PENDING PHP FIX
41
What changes: - Banks get outcompeted - Companies boost profits with AI workforces (and competition gets brutal) - Stablecoins rule and unlock a hyper-sovereign global economy - Data becomes an asset. People get paid well just for producing it Pretty good future.
🤖 Made with AI
23
infosecurity-magazine.com/ne… Gyazo just apologized for leaking customer data, but is an apology even warranted? In the age of competency and accountability, the only right response is a heavy jail sentence for everyone involved. Or else these bastards will just keep on selling your data, "passwords, unencrypted." It's a high crime and nothing else. Get out of software otherwise!!!!!
101
And without the Clarity Act! Very cool. Just today I was writing a draft for a report on Crypto and Banks. Banks tried privatizing their own L2 AND their own liquidity pools. But even then, they would still have to compete with public LPs on Uniswap. For the first time in history the banks would be the ones crowded out. A fascinating turn of events, indeed!
BREAKING: 🇺🇸 Bank of America crashes over -8% as it was fined $1.2 billion for money laundering by the US Treasury. It failed to report more than $5 billion in suspicious activity to the government, including $1 billion linked to national security risks. Q3 earnings also missed investor expectations, with yearly net income down 16%. $BAC is now down more than 22% over the last 1 month.
1
51
have they cracked the crypto algorithm yet oh thought I was on google I should follow it up with "...and why ZEC solves this"
1
1
28
The way out of the debt crisis for US is extremely simple. Gather cash, put it in treasuries, use the bonds to issue Stablecoins and your cash is liquid again. Plus, it's a great business model on stablecoins transactions. Only thing is, Governments can't issue stable coins due to the GENIUS act, so it needs to be a private endeavour. USD is in high demand, and Trump has actually stopped it from losing value vs Euro for example, which has grim times ahead of it, because they have no Crypto plan. Trump's US is fully crypto ready, with every possible tailwind blowing in it's back. It's up to the private sector to issue stablecoins. The total market cap would need to add another $100 billion this year to have an exponential growth in the last 3 years. Demand is being created everyday, by putting RWA like stocks and gold on chain, and further increasing the Ethereum economy which primarily trades in USD and ETH. By the end of the day, stablecoins are such a lucrative business, that everyone has an interest of using them. Including consumers, since it offers new access to financial tools all over the world. This is literally the Golden Era of the world's economy and the true democratic solution to global prosperity. It will happen suddenly and all at once, and it will be USD dominated.
Inflating away the debt is the oldest trick in the sovereign bankruptcy playbook. The U.S. federal debt sits above $40 trillion. Congress cannot tax enough to close that gap without triggering a political revolt, and cutting spending requires courage that Washington has not displayed since roughly never. So a third option emerges: print dollars until the real value of that debt shrinks to something manageable. Here is how it works: The Treasury owes creditors fixed nominal amounts. A bond that promises $1,000 in ten years still pays $1,000 nominally, but if the Federal Reserve has expanded the money supply enough to push cumulative inflation to 40%, that $1,000 buys what $600 buys today. The government repays in diluted dollars. Debt-to-GDP falls because the denominator (a nominal GDP inflated by new money) grew faster than the debt stock, not because Washington became fiscally responsible. Who bears the cost of this? Your savings account, your pension, your paycheck's purchasing power, all of it transfers quietly to the federal government and to the first recipients of newly created money. Inflation is a tax. It is the most politically convenient tax ever invented because no congressman has to vote for it. Foreign creditors, Japan and China holding combined trillions in Treasuries, get cheated alongside you. At some point they stop buying. Then the Fed must purchase the bonds directly, and the spiral accelerates past the point where "manageable" means anything at all.
1
101
This is the big revolution that no trader, no investor, no economist can see coming. Politicians preach about democracy, but the only thing left in the world that’s actually democratic is crypto.
A new Economic Letter highlights that stablecoin issuers' Treasury holdings have grown more than $200B in five years, helping offset the decline in China's holdings. sffed.us/4rG1Ure
1
86
because there’s no fundamental reason for them to pump on US economic data. The bull run is entirely dependent on stablecoins, and whether their growth explodes or stalls in the coming months. Trading traps like these are a sign that market manipulators have entered the building, which means more uncertainty ahead. Until hopefully they get caught with their pants down for playing with fire, get liquidated, and end up considerably poorer.
Can someone explain to me like I’m 9 years old why $BTC and $ETH suddenly reversed the entire pump?
35
They can service this debt overnight, by giving the world the gift of pure, unadulterated freedomcoins (or USD stablecoins). With everything that entails: economic boom, freedom, access to financial powerhouse markets, and more. A pretty good deal, if you ask me.
We Are So Screwed: The Debt Bomb Has Been Detonated 600 Trillion Reasons We Are About to Get Financially Wrecked Please don’t shoot the messenger… Forty trillion dollars. The United States government currently owes $40,368,807,991,924.84 to its creditors. That is forty trillion with a T, a number so absurdly large that most people cannot even wrap their heads around it. And here is the kicker: the rest of the world has finally wised up and realized that lending money to Uncle Sam might not be the smartest move anymore. Bond prices are crashing. Yields are spiking. The whole house of cards is starting to lean. The so-called experts who told us everything was fine are suddenly very quiet. I spent years warning anyone who would listen that our politicians were borrowing and spending like drunken sailors on shore leave. They kept voting for bigger budgets, larger deficits, and more pork-barrel garbage that nobody needed. Now we are staring down the barrel of a financial nightmare, and there is no easy way out. This is not just an American problem. Japan is drowning in debt. Most of Europe is in the same boat. Global bond prices have been plummeting while yields have gone through the roof. Financial institutions around the world are sitting on massive piles of government bonds that have lost a huge chunk of their value. The unrealized losses these banks are facing will be absolutely staggering. On top of that, rising interest rates could trigger a derivatives implosion that makes 2008 look like a minor hiccup. The total notional amount outstanding for global over-the-counter interest rate derivatives is well over 600 trillion dollars. The whole system worked as long as investors kept believing in the game. Faith kept the machine running. Governments borrowed, central banks printed, and everyone pretended the debt did not matter. That faith is evaporating fast. Investors are losing confidence in the U.S. government, the Japanese government, and governments all across Europe. They all borrowed at insanely reckless levels, and now the bill is coming due. The gig is up! ☠️ tonyseruga.substack.com/p/we…
40
This is a very generous way of describing what happened. I know companies that spent years building in Europe, employed people, paid taxes, went through insane rigmarole of securing crazy hard to get EU licenses, and then shut down or left because the regulatory burden made the market uneconomic. And what happened to the supposed new jobs, innovation and investment that regulation was meant to attract? The real achievement seems to be making it easier to identify which companies are willing and able to comply with an increasingly expensive European rulebook. That may be good news if your definition of a “crypto user” is someone who wants a licensed intermediary between themselves and every financial product. But crypto was supposed to be about choice. Choice of assets. Choice of markets. Choice of currencies. Choice of how you hold and move your wealth. If you want to hold euros, use European platforms and stay entirely inside the regulated financial system, MiCA may indeed feel like progress. But if you want access to global markets, currencies with different monetary properties, or simply more alternatives to the European financial system, MiCA doesn't solve that problem. It mostly makes the European perimeter more tightly regulated. Calling that “10 reasons why crypto users should be happy” is confusing more regulation with more freedom. And those are not the same thing.
10 reasons MiCA is good news for crypto users in Europe 🫳🏽 1, there's a single rulebook for the whole EU, instead of different laws in every country 2, platforms now need a licence to operate, and many don't have one 3, the ones that don't comply are leaving the European market, so you're left with the serious ones 4, licensed platforms are required to be transparent about how they operate 5, stablecoin issuers have to meet requirements around reserves and backing 6, one licence works across the whole EU, so you get the same access wherever you are in the bloc 7, there are conduct rules designed to protect users when dealing with platforms 8, there's less room for scams and sketchy projects operating unchecked 9, you can know for certain whether a platform is authorised before trusting it with your crypto 10, crypto in Europe is going from a grey area to a regulated sector, and that brings more institutional trust
71
Absolutely — the system is getting clogged in two places: Crypto and AI. Ironically, they’re the only forces left that behave like actual economic democracy. Crypto because it gives global, permissionless access to markets, liquidity, yield, and opportunity. No gatekeepers, no geography, no legacy bottlenecks — just open rails anyone can step onto. AI because it optimizes productivity and capital instantly. It exposes inefficiency, accelerates creation, and forces institutions to compete instead of coast. That’s why it scares them — it removes the comfort of stagnation. People call these “risks,” but the real risk is pretending the old system still works.
The irony of all this is it’s framed as an ai risk that needs protection against. But think about what it really means Our banking system is so unsustainable and extractive that the moment humans have smart ai bots advising them, the ai bots will recommend exiting banks and earning better yield elsewhere Which makes most banks economically unviable This isn’t AIs fault, it’s a risk of highly monopolized and extractive banking And it’s fixed by decentralized finance + ai, where users decide what to do with their own assets and earn their own yield
53
The last confirmed whitehat in crypto was photographed in Milan in 1976. Nobody knows what he looked like, but contemporary accounts describe him as a fashion icon.
No idea whats going on here but I just watched this wallet drain 3832 NFTs from 100s of different wallets May be a good idea to revoke all NFT permissions if you have any valuables in your wallet Seems to be funded from a wallet possibly linked to @0xQuit so maybe a whitehat?
72