I wanted to add some additional info on why we believe @pudgypenguins @IglooInc @AbstractChain is really cool and why we invested.

1) They have a unique distribution advantage. Most platforms in crypto pay massive amounts to acquire users, but Pudgy actually has a negative CAC

https://twitter.com/bridge__harris/status/1815807254857408668

The reason is whenever someone buys a pudgy penguin in stores like @Walmart and @Target, @IglooInc actually makes money on those sales, and it's basically a way to not only not pay for users, but actually acquire users profitably, which is extremely novel within crypto

This feels like as good a time as any to disclose another critical Signal vulnerability I found. TLDR is that prior to mid 2021, Signal *didn’t delete* disappearing messages after they “disappeared.” So say you had a message from 2016 that you thought disappeared years ago, nope!

https://twitter.com/naomibrockwell/status/1809291643838951716

I discovered this while playing around with the on device database mentioned in the quoted tweet. I was also surprised it wasn’t encrypted in any meaningful way, it’d be so easy to add a password or even just a pin, not sure why Signal is against doing that

This is kinda fake news for a few reasons. #ethereum @AugurProject

1) Almost all of these purposefully confusing markets are being created by one person, not a bunch of people. The activity on those markets is also by one person / address.

reddit.com/r/ethereum/com… 2) The system in Augur has a built in way to combat this: a validity bond. The more markets are invalid the higher the bond goes, augur targets 1% of markets as invalid. Right now it’s 10%. Why? There’s a bug on chain in the calculation of this bond which makes it too low

Hmmm, this is super far off base in some places and hits the mark in others. Let's start with 1) "Ethereum should be more like a company": this misses the point completely, Ethereum is *NOT* and shouldn't be a company, it's a protocol

https://twitter.com/RyanSAdams/status/1075109885744947202

If you want a company, use Amazon's Quantum Ledger Database (idk wtf that quantum part means, but let's be honest, neither do they). Ethereum wouldn't be "crushing it" if they were doing what EOS is doing. A permissionless dapp/protocol like 0x or augur

That’s not how any of this works! Jokes aside, @AugurProject is probably the only, with exception of @ethereum, @lightning, and bitcoin itself project in the space where the developers don’t actually operate or host it. It’s all community driven

https://twitter.com/AugurInsider/status/1074330430135025664

So Augur’s not comparable to a startup, it’s a protocol. To interface *with* that protocol you need an ethereum node. Gethnode was a free ethereum node ran by someone in the community. Besides that, you have infura which appears to require api keys now