I just got back from vacation and what on earth is going on with economic policy proposals from the Dems?

https://twitter.com/WholeMarsBlog/status/1826008548788285568

Price controls have no place in a free market economy. This isn't communism, as some have claimed, but it *is* tantamount to a centrally planned economy. The same people who brought you the current US healthcare system are going to now meddle in the prices of all goods and services? How does any of this make sense? And how does a party with so many renowned academics in it even come up with this terrible idea?

I keep seeing prominent folks on this platform use words like "Communist" and even "Bolshevik" these days. These terms are anachronistic, and quite non-sensible in our current times.

🧵 👇 As far as I can tell, literally no one is arguing to nationalize the means of production in the US. Not even the crazy guy on the street. This election is not a Labor versus Capital fight -- that battle is, sadly, over. It's Incumbent Capitalists versus Challenging Capitalists.

1/ When we say Avalanche is many fast chains that feel like one, a critical piece of that is the ease of token transfers across multiple destinations. Today, we are introducing Avalanche Interchain Token Transfer (ICTT), a universal facility for interchain token transfers.

https://twitter.com/avax/status/1808169070547906789

2/ The Avalanche Interchain Token Transfer (ICTT) service is a *permissionless* way in which tokens on Chain A can be sent to a recipient on Chain B. As such, ICTT serves the same function as a traditional bridge, but it is NOT a bridge and has none of the traditional drawbacks of bridges.

1/ As we approach July 4th, I'm struck by the changing landscape of our industry from a political standpoint. A lot has been said about the advantages of blockchain and crypto, but I’d like to drill into the political power of crypto owners. #CryptoBloc 🧵 2/ An estimated 93 million Americans now own one or more cryptocurrencies. With more households that own crypto than dogs, there is now a serious group of voters up for grabs – and at an average age of 38, they represent the future of politics in America.

Ok listen up, there's something cool and novel and interesting happening in crypto that you should know about. Namely:

1. There's a new vertical developing, called SocialFi,

2. The best examples of this vertical are on Avalanche

3. There is a new application that you just have to see that I will link below. Now, I don't know what your thesis is in crypto, but I think we can all agree that we cannot all get rich trading memecoins between each other all day, and the new L1s are slicing the salami way too thin to pose decent value propositions. So it makes sense to look forward a bit and project where the new growth in the space will take place.

Please don't get taken in by another project that is faster at inventing new terminology than it is at transferring value. That is all. This is especially true for projects that are trying to adopt technical terminology from the humanities.

1/N After much demand, it's finally here: a proposed roadmap for AvalancheGo, or how to build the future of next-gen blockchain networks by leveraging all the best components of of monolithic and modular designs into one.

Note, this non-exhaustive and requires ACP approvals! 2/N The roadmap is divided across three major pillars:

1. Modular programmability: Making the building of permissionless, highly customizable, sovereign chains best-in-class.
2. Monolithic performance: Increasing performance of the monolithic stack to 100K+ tps / chain

...

Is the Twitter/X app as buggy for you as it is for me? 1. I see my own tweets twice in my own threads, even though they were posted once. Clear threading error incoming recently posted tweets.

1/7 Sound ways to do fee isolation, a quick thread.

There are multiple ways to do fee-isolation on chain. For those that need a refresher, fee isolation is the idea of localizing fees based on some specific restriction that the protocol may want to enforce. 2/7 For example, one thing that can be done is if a smart contract is taking up a lot of traffic, then that smart contract will need to pay more than others.

One form of this is what Solana does. This is my understanding based on the code review (please correct me if I'm wrong).

AI is upon us and the tech is accelerating at lightning speed. But AI has a copyright problem that I believe blockchain technology can help solve. I wrote an op-ed for @Blockworks_ that identifies ways blockchains can provide transparency and fairness for how AI models capture our creativity.

Read it here:
blockworks.co/news/ai-copyri…

The launch of AvaCloud addresses many challenges businesses face with blockchain technology. AvaCloud is a Web3 Launchpad and a landmark step for massive blockchain adoption.

https://twitter.com/avalabsofficial/status/1661380521803362305

I have spoken with businesses around the world, and one thing is clear. There is a resounding interest in blockchain technology, but primary barriers of poor user experience, scalability, and expensive start-up costs keep businesses from entering the space.

The firmware always had full access to the secret key -- the Secure Element is for passive storage, the firmware retrieves the key and uses it. Every firmware update thus requires full scrutiny. Glad to see a dangerous firmware update being rejected by the community. The tweet from @Ledger that says that firmware *cannot* access the key seems incorrect and misleading. And Ledger's PR and Comms team have done a terrible job of explaining what's happening.

At Summit I introduced a wild concept called Coin-Operated Agents (COA). What in the world are COAs? They are AI-operated agents on a blockchain. Validators that process their own Large Language Model (LLM) and interpret on-chain AI Prompts. COAs enable us to use natural languages like English to specify smart contracts. There's no need for conversion to Solidity or bytecode – contracts that are readable by humans are directly executed by AI engines, just as a trusted smart person would execute, say, a will or trust.

The Lemonade Crypto Climate Coalition is one of the first initiatives providing an example of the transformative real-world potential that crypto offers. This is a real-world use case that’s quietly in practice utilizing Avalanche.

medium.com/avalancheavax/… Some 7,000 Kenyan farmers have obtained crop insurance through this program already and the process is simple.

🚜 Farmers get a quote on their phone and pay
🚜 Policy Created
🚜 If crops fail due to weather, farmers get automatic payment, no claim needed

https://twitter.com/daschreiber/status/1577706188552142849?s=20

The @coreapp team is making a product that rivals MetaMask. There are many amazing updates and features that have been added. Let’s look at them 🔺 Discover

Now you can get all the latest Avalanche news, learn about projects, and get some new crypto knowledge all in one place! Gone are the days of having to scour the internet looking for updates and researching projects

The past week showed us yet another example of the fragility of traditional financial systems. Although the connection to this system is still vital to many, including many startups, this illustrates the need for more transparent and secure systems. #ThisisWhyWeCrypto In difficult times or when crypto seems like it is under attack, we need to take a step back and recognize the advancement that has happened so far and will continue to happen. The saying “we’re here for the tech” is very cliche but in reality, it’s true.

Gaming on Avalanche is really taking off, as we see more games deploy and more major studio partners choosing to build Subnets.

@GamingOnAvax is poised to lead the way with some of the biggest names in gaming building on-chain solutions, here's some of the recent highlights: 🔺 TSM
Professional esports leader @TSM and their competitive gaming app @theblitzapp will leverage Avalanche Subnets to help bring 50M gamers on-chain.

Blitz’s Subnet will use $AVAX for gas, burning a portion of AVAX fees with every transaction made.

medium.com/avalancheavax/…

If someone is running a "Layer 2" with a centralized sequencer, and they have a DEX on their chain, how are they not de facto running an exchange and how are they not in violation of the many regulations that govern exchanges? There is a lot of drama these days involving "transaction ordering" on Layer 2s, essentially because the centralized sequencer places the centralized chain operator in a privileged position, opening the door to a lot of funny games to front-run users.

Want to know everything that's happening in Avalanche? The Snow Report is a fantastic monthly recap of the latest news and developments within the ecosystem. The February report was just released, here's some highlights from the past month Major Tech Releases

🔺 The release of HyperSDK provides a framework for devs to build custom, high performance VMs
🔺 Dexalot launches its Central Limit OrderBook Subnet
🔺 Core adds Cross-Chain transaction signing

You are lucky enough to live through a natural disaster, unfortunately your property wasn’t as lucky. Your house was destroyed, cars totalled, and years of memories washed away. Good thing you have insurance that will replace them, right? You file a claim, then an inspector comes and assesses the damage. The problem? You aren’t the only policy holder with this issue.

Bitcoin operated for 11 years without anyone going around with a pager in their pocket. In those 11 years, AWS, Facebook and Google services went down multiple times. Just a month ago, Meta went down.

finance.yahoo.com/news/metas-soc… Now, I am not saying that every blockchain is more reliable than these centralized services. We all know of blockchains that “go backwards” (i.e. violate their own finality guarantees) and chains that stop and need to be restarted from a single image on Google Drive.