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binji

@binji_x

Jul 16 • 1 tweets • 1 min read • Read on X

random reasons why crypto is important

- ability for anyone to experiment in previously gatekept systems at scale (economic systems, governance systems).
- borderless immutable money
- prove who is human on the internet
- prove what is real vs a deepfake
- own your digital persona (gets more important as more of our lives move online)
- strict global consensus is useful (h/t polynya)
- An immutable record of history; preserve culture and stories..and if you want to get all sci-fi: dna.
- allow any subculture to connect and share value globally
- escape state level attacks on your worth
- attribution for your work
- forces greater transparency for any system it integrates with
- can combine privacy with audit ability; never been done before.
- powers a globalized gig economy that can also be reputation based and trusted
- reduced middlemen
- global access to investment vehicles which are currently gatekept
- it’s fun and attracts interesting types of builders
- flexible work environments for a generation with the lowest work retention ever (gen z)
- can prevent the metaverse from having a dictator who has an off switch
- can align AI through capital/compute incentives and let AI participate in the broader economy
- prediction markets are truth machines
- allows for cryptography to finally get funded at scale, lots of wasted money, but some of it ends up advancing cryptography (which is arguably the most important digital primitive).

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More from @binji_x

binji

@binji_x

Jun 2

today, @ethereum made its biggest upgrade in years…not to code, but to coordination.

↓

the @ethereumfndn launched a new core unit called “protocol.”

it’s led by legends and it’s the clearest signal yet that the @ethereumfndn is entering its pragmatic, aggressive, and winner era.

let’s learn more ↓

the north star:

- scale the base layer
- scale blobs for rollups
- improve the user experience

this is ethereum with a product roadmap, one that benefits users, apps, and eth holders alike.

Read 7 tweets

binji

@binji_x

Apr 15

here is a explainer thread on zk

for normal people who use the internet and want it to respect them

↓

imagine you could prove you’re over 18

without showing your birthday, or your name, or your ID

just: yes, i’m legit

and that’s all the site ever sees

that’s zk

zk = zero-knowledge

a way to prove something is true
without revealing the thing itself

you prove the fact not the data
and suddenly, the internet can get a whole lot more private, safe, and human

Read 10 tweets

binji

@binji_x

Apr 2

everyone’s talking about stablecoins
but most people miss what’s actually happening under the hood.

we’re reviving one of the most radical ideas in banking history:

narrow banking, rebuilt onchain. ↓

to understand this shift, you need to know two models:

fractional reserve banking
vs
narrow banking

this ideas affect how money works, how credit flows, and what role banks play.

fractional reserve banking is what we use today.

banks keep a fraction of deposits in reserve (say 10%) and lend out the rest.

this lets them create money through credit.

but it also makes them fragile.

Read 16 tweets

binji

@binji_x

Jan 6

adding cryptography to ai..some weekend thoughts 🧵

imagine an agent so intimately woven into your daily life that it’s almost a second brain. it checks your emails, invests your money, and even makes deals on your behalf.

but here’s the key question: how will you trust it?

leading researchers predict personal ai agents will become as common as smartphones in the next decade (see de lange et al)

these agents won’t just answer queries; they’ll evolve with you, learning from every email, transaction, or conversation you have.

BUT the risk today is that if they’re compromised or manipulated, then well...you're f*cked.

the privacy dilemma:

these ai agents will handle everything from financial transactions to sensitive health data. one breach could expose it all. so how do we solve this?

1. secure hardware enclaves (tees): run sensitive computations in isolated hardware zones, even if the OS is compromised, the data remains encrypted within the enclave. see the work of @sxysun1 @socrates1024 @ropirito @NousResearch @flashbots_x to see what this looks like for agents.

2. zero-knowledge proofs: prove an agent followed your instructions (e.g., made a correct calculation) without revealing the raw data.

Read 13 tweets

binji

@binji_x

Jan 1

the ethereum pectra upgrade is coming. it’s one of the most ambitious upgrades yet.

here is what you need to know 🧵

so, what is pectra?

pectra = prague + electra.

it’s ethereum’s glow-up.

let’s dive in.

first, the process:

teams tested over 100 devnets during an event in kenya (nyota interop). they tried everything. from there, they narrowed down 20+ ideas into 11 that are ready for prime time.

prime time = pectra

Read 15 tweets

binji

@binji_x

Feb 28, 2023

⚠️ You're about to hear the word 'Attestation' throughout ETH Denver; here's why it is important: 👇 🧵

To attest is to say something about something. E.G. "His name was Robert Paulson." We do this all the time in our daily lives; e.g when you sign into your email account, you attest that it is you.

Blockchains have attestations, too; when you sign a transaction, you use your private keys to attest that it is you. If someone goes to your txn history, they can see that you 'attested' to a contract.

Read 27 tweets

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