🎙️ YQ @yq_acc, Founder of AltLayer @alt_layer, is giving a speech on "​Agentic Engineering on Ethereum: Challenges and Solutions" at the Ethereum Applications Gathering. ⏰ Apr. 22 | 11:30 - 17:30 📍 STAGE 2, HK WEB3 FESTIVAL 🔗Livestream: #AppGathering# #Ethereum# #Web3Festival# #EAG#

Cosplay as Edmond (Obsessive's True Feelings ver) Costume, wig, acc all by myself (about 3week to finish it) Take a photo and video after CF day 1 Photo by my friend Meiru hamu and Arin lee Thank you 🥰

Good Morning from Germany, where house prices are rising slightly again – but only in nominal terms. After adjusting for inflation, there is still little sign of a broad-based recovery. The picture is highly uneven. New-build prices are rising, partly b/c construction costs remain elevated. In April, the Europace New Build Index increased by 1% MoM, reaching a new ATH. Existing homes, by contrast, edged lower, acc to the Europace Existing Homes Index, w/performance varying significantly by region. Year on year, price growth for both new builds and existing homes remains well below Germany’s inflation rate of 2.9%. In real terms, the housing market is therefore still largely moving sideways.

Arthur Hayes @CryptoHayes was born in Detroit, USA, in 1985. He later moved with his parents to Buffalo, New York, where he attended the Nichols School—a private preparatory school located in the city. In 2004, Hayes began his undergraduate studies at the Wharton School of the University of Pennsylvania. His notable alumni peers include @realDonaldTrump , @elonmusk,  @WarrenBuffett  and others. Subsequently, Justin Sun @justinsun enrolled in a master's program in Political Economy at the University of Pennsylvania, thereby fulfilling his aspiration to become an alumnus alongside the aforementioned figures. In 2008, following his graduation from the Wharton School, Hayes joined the trading division at Deutsche Bank (Hong Kong), marking the beginning of his career as a derivatives trading specialist. In 2011, Hayes moved to the derivatives trading division at Citi (Hong Kong). In 2014, Arthur Hayes co-founded BitMEX alongside Ben Delo and Samuel Reed, focusing primarily on the trading of crypto asset derivatives. Ben Peter Delo @bendelo   is a co-founder and co-owner of BitMEX. And during the relevant Period , he has been the Chief Operating Officer of BitMEX.  He is a U.K. citizen and graduated from Worcester College, Oxford University in 2005 with a degree in Mathematics and Computer Science. He has never been registered with the Commission in any capacity.  After graduating, Ben joined IBM as a software engineer. Later, he developed high-frequency trading systems for the hedge fund GSA Capital and JPMorgan Chase. Samuel Reed @STRML_ borned in1990， is a co-founder and co-owner of BitMEX, and describes himself as Chief Technology Officer of BitMEX.  He is a U.S. citizen and has resided in Milwaukee, Wisconsin and Boston, Massachusetts during the Relevant Period.  Samuel graduated from Washington & Lee University with a degree in Computer Science and was served as CTO of two technology companies: Tixelated and Global Brand Solutions of Hong Kong. During the Relevant Period, Reed has held his ownership interest in the BitMEX entities through a Wisconsin limited liability company that maintains bank accounts at banks in the United States, and owns property in the U.S. Reed has never been registered with the Commission in any capacity. Hayes, Delo, and Reed have shared responsibility for various aspects of the  BitMEX business. At a high level, Delo has been responsible for building and overseeing the BitMEX trading engine, Reed has been responsible for building and overseeing the BitMEX website, API and order entry system, and Hayes has been responsible for strategic decisions, business development, marketing, and management of the BitMEX enterprise.  @TheJusticeDept @CFTC  @USDOJ_Intl   @bitmex @BitMEX_Ethan @Crypto_slutz @r_polansky @sudhu_aru @BitMEX_sandisam @business @markets @BloombergAsia @Reuters @watcherguru @zachxbt @insiderwire @WhalePanda @Tintinx2021 @yq_acc @RichardPtardio @JamesWynnReal @muphasamc @huskyXBT @JSeyff @0xcryptosam @degeneratenews @crypto_condom

On October 1, 2020, one day before the U.S. Department of Justice and the Commodity Futures Trading Commission filed charges against BitMEX  and its four key executives, Samuel Reed, co-founder and CTO of BitMEX，was taken into custody in Massachusetts and would be presented before a federal court in Massachusetts. On April 6, 2021, Arthur Hayes landed at an airport in Honolulu, where he surrendered to federal agents on the tarmac. In August 2021, BitMEX itself reached a civil settlement with the Commodity Futures Trading Commission and the Financial Crimes Enforcement Network, agreeing to pay $100 million in civil penalties. According to individuals familiar with the matter, all defendants initially pleaded not guilty in the criminal proceedings. However, between February and March 2022, BitMEX’s three co-founders each changed their pleas and agreed to plead guilty. Arthur Hayes pleaded guilty in February 2022 to violating the Bank Secrecy Act and related AML requirements, and agreed to pay a $10 million criminal fine.  In May 2022, he was sentenced by the U.S. District Court for the Southern District of New York @SDNYnews to six months of home detention followed by two years of probation. The same court also ordered the other two BitMEX co-founders to each pay $10 million in penalties. Benjamin Delo was sentenced to 30 months of probation without home detention, while Samuel Reed received 18 months of probation. In late 2021, Gregory Dwyer agreed to be extradited from Bermuda to the United States. On August 9, 2022, the U.S. Department of Justice announced that Gregory Dwyer, BitMEX’s Head of Business Development, had also pleaded guilty in the criminal case. He admitted to violating the Bank Secrecy Act by willfully failing to establish, implement, and maintain an AML program at BitMEX. Under the terms of his plea agreement, he agreed to pay a separate $150,000 criminal fine. Dwyer was subsequently sentenced to one year of probation. In total, BitMEX-related penalties amounted to approximately $130 million. Following the enforcement actions by U.S. authorities, both Arthur Hayes and BitMEX suffered significant reputational and operational setbacks. In the years that followed, Hayes increasingly repositioned himself as a high-profile commentator in the crypto space, frequently promoting speculative projects and leveraging his industry influence and social media presence to attract retail investors. @TheJusticeDept @CFTC  @USDOJ_Intl   @bitmex @CryptoHayes  @bendelo  @STRML_ @BitMEX_Ethan @Crypto_slutz @r_polansky @sudhu_aru @BitMEX_sandisam @business @markets @BloombergAsia @Reuters @watcherguru @zachxbt @insiderwire  @WhalePanda @Tintinx2021 @yq_acc @RichardPtardio @JamesWynnReal @muphasamc @huskyXBT @JSeyff @0xcryptosam @degeneratenews @crypto_condom

Two years ago, I wrote this post on the possible areas that I see for ethereum + AI intersections: This is a topic that many people are excited about, but where I always worry that we think about the two from completely separate philosophical perspectives. I am reminded of Toly's recent tweet that I should "work on AGI". I appreciate the compliment, for him to think that I am capable of contributing to such a lofty thing. However, I get this feeling that the frame of "work on AGI" itself contains an error: it is fundamentally undifferentiated, and has the connotation of "do the thing that, if you don't do it, someone else will do anyway two months later; the main difference is that you get to be the one at the top" (though this may not have been Toly's intention). It would be like describing Ethereum as "working in finance" or "working on computing". To me, Ethereum, and my own view of how our civilization should do AGI, are precisely about choosing a positive direction rather than embracing undifferentiated acceleration of the arrow, and also I think it's actually important to integrate the crypto and AI perspectives. I want an AI future where: * We foster human freedom and empowerment (ie. we avoid both humans being relegated to retirement by AIs, and permanently stripped of power by human power structures that become impossible to surpass or escape) * The world does not blow up (both "classic" superintelligent AI doom, and more chaotic scenarios from various forms of offense outpacing defense, cf. the four defense quadrants from the d/acc posts) In the long term, this may involve crazy things like humans uploading or merging with AI, for those who want to be able to keep up with highly intelligent entities that can think a million times faster on silicon substrate. In the shorter term, it involves much more "ordinary" ideas, but still ideas that require deep rethinking compared to previous computing paradigms. So now, my updated view, which definitely focuses on that shorter term, and where Ethereum plays an important role but is only one piece of a bigger puzzle: # Building tooling to make more trustless and/or private interaction with AIs possible. This includes: * Local LLM tooling * ZK-payment for API calls (so you can call remote models without linking your identity from call to call) * Ongoing work into cryptographic ways to improve AI privacy * Client-side verification of cryptographic proofs, TEE attestations, and any other forms of server-side assurance Basically, the kinds of things we might also build for non-LLM compute (see eg. my ethereum privacy roadmap from a year ago ), but for LLM calls as the compute we are protecting. # Ethereum as an economic layer for AI-related interactions This includes: * API calls * Bots hiring bots * Security deposits, potentially eventually more complicated contraptions like onchain dispute resolution * ERC-8004, AI reputation ideas The goal here is to enable AIs to interact economically, which makes viable more decentralized AI architectures (as opposed to non-economic coordination between AIs that are all designed and run by one organization "in-house"). Economies not for the sake of economies, but to enable more decentralized authority. # Make the cypherpunk "mountain man" vision a reality Basically, take the vision that cypherpunk radicals have always dreamed of (don't trust; verify everything), that has been nonviable in reality because humans are never actually going to verify all the code ourselves. Now, we can finally make that vision happen, with LLMs doing the hard parts. This includes: * Interacting with ethereum apps without needing third party UIs * Having a local model propose transactions for you on its own * Having a local model verify transactions created by dapp UIs * Local smart contract auditing, and assistance interpreting the meaning of FV proofs provided by others * Verifying trust models of applications and protocols # Make much better markets and governance a reality Prediction and decision markets, decentralized governance, quadratic voting, combinatorial auctions, universal barter economy, and all kinds of constructions are all beautiful in theory, but have been greatly hampered in reality by one big constraint: limits to human attention and decision-making power. LLMs remove that limitation, and massively scale human judgement. Hence, we can revisit all of those ideas. These are all things that Ethereum can help to make a reality. They are also ideas that are in the d/acc spirit: enabling decentralized cooperation, and improving defense. We can revisit the best ideas from 2014, and add on top many more new and better ones, and with AI (and ZK) we have a whole new set of tools to make them come to life. We can describe the above as a 2x2 chart. There's a lot to build!