Diamond iO Update We are excited to share that we have introduced several new optimization techniques for Diamond iO, implemented the full end-to-end pipeline with realistic lattice parameters, and produced concrete performance estimates. Latest paper: Latest implementation: Last year’s initial Diamond iO implementation deliberately left out one crucial component: FHE evaluation over BGG+ encodings. The reason was simple: the noise growth was too large to support realistic lattice parameters. This component is not specific to Diamond iO. FHE evaluation over BGG+ encodings has been used as a theoretical building block in advanced lattice-based cryptography for more than a decade, but there has been very little work on making it actually implementable. In the latest update, we make this component concrete. We introduce several techniques that substantially reduce noise growth, including native lookup-table evaluation, constant-depth arithmetic circuits, and specialized noise refreshing. The new implementation also runs all major lattice operations on GPUs. Together, these optimizations allow us to instantiate the full Diamond iO pipeline with realistic lattice parameters: a modulus size of at most 1540 bits and lattice dimension 2^{16}, comparable to large parameter sets used in CKKS-style FHE implementations. The total running time is still far beyond practical use, but we can now estimate the end-to-end cost rather than leaving a major component abstract. What improves? Our estimates suggest that Diamond iO reduces the overhead of the main bottleneck in most modern iO schemes: the transformation from functional encryption (FE) to iO. Compared with prior FE-to-iO transformations, Diamond iO reduces this overhead by at least a factor of 2^118, making the transformation almost as efficient as the underlying FE scheme itself. In other words, Diamond iO appears to largely remove the FE-to-iO transformation as the dominant cost. What remains? Diamond iO is still very far from practical. Once the FE-to-iO overhead is reduced, the bottleneck shifts to the final FE decryption step, which requires FHE evaluation over BGG+ encodings. Our current estimate is that this step would still take about 10^36 hours. As explained in Vitalik’s recent post, much of the inefficiency in modern iO comes from the need to stack a complicated tower of cryptographic primitives: FHE × ABE × GC × XiO × ... Diamond iO significantly simplifies this picture: the construction is essentially simple matrix operations plus an FHE × ABE layer, where the ABE component is essentially BGG+ encodings. In our view, this gives a much clearer roadmap toward practical iO: further simplify the remaining FHE × ABE layer, and the gap to practicality could shrink dramatically.

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Day four of the practice run. 474 died in 24 hours, the worst day yet. 9,414 remain and the floor rises to 40x today. Diamond hands hold the top three desks. TRADOOOR #1378# leads at $1.45M, up 1,349%. Momentum apes fill 261 of the 586 graves.

🪶 Robinhood Daily Recap what happened on Robinhood last 24 hours News ■ @RobinhoodCrypto Stock Tokens crossed $3B in DEX volume in 63 days. ■ Robinhood added bigger stock rewards for users who bring friends into their investing circle. ■ @Uniswap processed another $2B in Robinhood Stock Token volume in the last 2 weeks, pushing the all-time total past $3B. ■ @okx listed $CASHCAT perpetual futures. ■ @rainbetcom added ETH deposits through Robinhood Chain. Stats ■ @ponsdotfamily passed $5B total volume, with $400M volume in one day and 63%+ of Robinhood launchpad volume. ■ @ArtificiallyInu now holds over $2.6M of NVDA in its pool and community vault, up $1M in 5 days. ■ @Lighter_xyz integrators crossed $10B cumulative perp volume through the Partner Attribution program. ■ @rialto_xyz crossed $100M in spot volume. ■ @EARNONHOOD crossed $200K TVL as tokenized-stock liquidity vaults keep growing. ■ @MeshGateway crossed 11K onchain settlements, with x402 payments live on Robinhood in USDG. Ecosystem ■ @legsdotfun is coming to Robinhood with multi-leg prediction markets. ■ @pools_dot_fun updated fees to 90% for deployers, added holder fee sharing, and opened launch pairs with 194 Robinhood Stock Tokens ■ @DenarMarkets is engineering sdUSD with two income sources for users who opt in. ■ @TheIndexFi completed the @SBSecurity_ audit for Baskets, its Uniswap v4 tokenized basket product. ■ @Hookrfun got Uniswap routing approval for custom hooks built with Anti-Snipe, Surge Fees, Auto Burn, LP Rewards, and Nth-Buy Pot. ■ @canopyfinance and @v4dotfun added stock-paired launches with NVDA, AAPL, TSLA, SPCX, GME, and more. ■ @longbowlend crossed $300K TVL after moving from $100K in 36 hours. ■ @prismassets added new tokenized assets including nickel, cobalt, diamond, platinum, and a strategic metals basket. ■ @stockmonrh showed Stockmon as portfolio-holding NFTs, with assets held inside each Mon. ■ @notawebsite_rh is moving its platform identity to PageMarkets for tokenized websites and ad-slot markets. Agents ■ @PSA_Fund shared its AI trading agent profit-share model. ■ @ProjectVEXai upgraded CHRONOS with rebuilt market research tools, live boards, and stronger trading safeguards. ■ @KarmaWallet gave a first look at Karma AI for portfolio context, trade analysis, and simulations. ■ @useAgentOS integrated @AskSurplus as an LLM provider, with open inference routing and Robinhood Chain stock-data skills. Markets ■ @QuotientHQ added Ask Q for portfolio questions, signals, and equity or commodity reasoning. ■ @ClutchMarkets was highlighted by @UniswapBuilders for onchain options trading powered by Uniswap v4. ■ @uponrh opened RWA vaults so UP voters can earn weekly revenue share through onchain RWAs. ■ @FundedProtocol finished week 1 of TheNews, with users and revenue growing for its prediction-market prop firm. ■ @ChumpCoinX went live on Biconomy, adding another exchange market for CHUMP. ■ @goodcoinrh opened a $150 community giveaway for GOOD holders and creators.

NEVER sell Bitcoin! @Strategy built their identity on one thing. now there's a $5B sale sitting in everyone's timeline. this isn't really about the money. It's about what happens to a brand when the one thing it stood for gets questioned publicly. Diamond hands only works until the hands open once. after that every move gets read differently. every #Bitcoin# buy they announce from here comes with a new question attached, are they actually bullish or just trying to fix the last headline? that's the real cost here, not the $5B but the doubt that follows everything after it. Two ways this goes from here: they get ahead of it fast and make the sale look like a decision, or they go quiet and let the internet write the story for them. the internet always picks the worst version. we are not watching the sale. we are watching what they say in the next 72 hours because that tells you everything about whether conviction was real or just good marketing. #Saylor#

GM! Everyone thinking WW3 again... Not happening IMO. Seeing lots of dip buying opps today... $AMPG builds high-performance RF and signal-processing components... Front-end communications systems that are great at picking up faint signals without meaningful interference. This makes them very relevant for the space infrastructure buildout and we think they're undervalued. Guiding for over $50M revenue in 2026, with LOI for more... a LOT more than much bigger space stocks in the same theme. Renaissance Tech, thought to be the best performing hedge fund in history, also disclosed their position in their latest 13F filing. Weekly chart looks early... finally seeing a Tango diamond after a long wait. Disclosure... we do have a starter positon... do your own research... just laying out our thought process. We plan to long the space theme until just before the SpaceX IPO, in June. As for as entries, gotta enter on a red day or green day... today is a red day... NFA... easy invalidation below hourly gold zone (will keep updating the chart).

They demolished the East Wing of the White House to build a ballroom in the same year the national debt passed $40 trillion. Both are true. Neither is why we're broke. Understanding that is the whole lesson. France, 1788. The crown spent roughly half its revenue servicing debt. Not on Versailles. On war loans, from the Seven Years' War it lost and the American Revolution it bankrolled to spite Britain. No central bank. Tax collection farmed out to men who skimmed the top. Offices sold to nobles who then paid nothing into the treasury they'd bought a piece of. Every emergency financed by mortgaging the next decade. The decades ran out. When the books opened in 1787, the country needed a face to put on the number. They chose the Austrian. Marie Antoinette spent real money. The Petit Trianon, the gambling tables, fortunes on her favorites. It was a rounding error against the war debt. Didn't matter. The pamphlets called her Madame Deficit. The Diamond Necklace Affair, a swindle she had no part in, was accepted as proof of everything, because the public had already decided what kind of woman she was. Blaming a foreign queen was easier than admitting the wealthy paid nothing and the arithmetic had been impossible for thirty years. Now look at us. COVID was financed like a war. Roughly $5 trillion mobilized with no army in the field. Defensible at the time. But the emergency ended and the debt didn't. Emergency borrowing is always temporary in the telling and permanent in the ledger. The bill has arrived. Net interest hits $1 trillion this year. More than defense. More than Medicare. Second only to Social Security, and projected to double by 2036. It compounds no matter who wins an election. It is arithmetic, and arithmetic is the one creditor that never negotiates. And into that, the ballroom. Announced at $200 million, later put at $400 million. The residence renovation line went from $39 million last year to $377 million now. The security complex beneath it may run near a billion, possibly on taxpayers. Meanwhile the president's own ethics disclosure shows $1.4 billion in crypto wealth. A federal regulator just handed his family's crypto venture a bank charter, a first in American history. And Congress passed a stock trading ban that still permits stock trading. None of that caused the $40 trillion. Be precise here, because the precision is the point. Four hundred million dollars is four hours of federal interest. Seize all of it and the curve doesn't bend. Anyone telling you a ballroom bankrupted America is running the same play the pamphleteers ran on Marie Antoinette, and you'll spend your outrage on the necklace and never look at the war debt. But France didn't fall from insolvency alone. Insolvency is survivable. What killed it was insolvency arriving alongside a cost of living shock and the collapse of any belief that the people demanding sacrifice were subject to rules themselves. Nobles exempt from taxes. Offices for sale. A queen building at Trianon while bread hit a price working people couldn't pay. Each one small. Together, an answer to the question: why should we believe you. That's what the ballroom is. That's what the memecoin is. Not the cause of the deficit, but the reason nobody will ever be persuaded to fix it. You cannot ask a country to accept higher taxes and slower benefits while the people asking are visibly, legally enriching themselves in office. The math is solvable. The legitimacy problem is what makes the math permanent. We have the debt. We have the affordability crisis. We're building the third leg right now, in marble, on the footprint of the East Wing. Guillotines aren't the lesson. The lesson is that a country can spend forty years deciding it'll fix the math later, then find out later is a Tuesday, it already came, and by then nobody trusts anyone enough to fix anything.

My net worth peaked at $84,000 in 2021, and it is down 96% since. I give you that number honestly, because I am a data guy. The dollar has also lost 96% of its value since 1913, so I am not down, I am keeping pace with the currency. I have never been more bullish on America. The economy grew 1.5% last quarter. I know, because I check the number the way other people check their pulse, and the number is up, so I am up. It does not feel like I am up. But feelings are not data. 74% of that growth was a handful of companies building data centers for computers that think. Some people found that concerning. I found it inspiring. I do not own any of the companies, and I could not tell you what the data centers actually do, but I am spiritually long. When my electricity bill went up 12% this year, I did not complain. I paid it, and I smiled, because that is the sound of the economy working. I am a shareholder in the vibe. Here is my system. Rent took 54% of my take-home this year. I call that prioritization. I live in a studio I call a "pod," because "studio" tests poorly. My groceries cost more than my rent did in 2019, so I stopped calling it groceries and started calling it fuel, and you cannot put a price on fuel. I eat the same lentils every night. I have optimized my inputs. Monks do this. I put $1,000 into the President's coin the weekend he was sworn in. It is worth about $30 now. Some people call that a 97% loss. I call it patriotism with a cost basis. We call this diamond hands, where you hold an asset until it is worth nothing and then keep holding it out of respect. Nearly 800,000 of us lost money on that coin, and 58 wallets made over $1 billion, which proves the system works. I am simply in the 800,000, and not yet in the 58. His wife launched a coin too, and I bought that one as well. I do not see a victim here. The man himself disclosed $636 million in earnings, and I am proud to have contributed. You do not make $636 million on a coin nobody believes in. I am also holding out for the IPO. OpenAI filed to go public at close to $1 trillion while losing $14 billion a year, which people call a warning sign and I call a moat, because you cannot lose $14 billion a year without serious infrastructure. Anthropic filed at $965 billion. Between them they have never earned a profit, and together they are worth almost $2 trillion, which is the most efficient thing I have ever witnessed. When they list, I am getting an allocation. I have emailed no one about this. But I am spiritually in the book. The dollar is also having its worst year in over a decade. People call that weakness. I call it a discount. My dollars are worth less, which means I have to use more of them, which means they are working harder, which is exactly what I ask of myself. A strong country runs a lean dollar. We are cutting the fat. We are at war with Iran. It costs about $1 billion a day. We have fired more than 1,000 cruise missiles at $2 million each. I do not own the missiles, but I am spiritually long. One of them costs what I will earn in 40 years, which is the most anyone has ever valued my time. They shoot down a $20,000 drone with a $27.9 million interceptor and they call it defense. I call it conviction. I pay $40 a month for AI tools that have made me $11. The Pentagon and I run the same model. It is not a loss if the vibe is defended. My hours got cut in March. I was not laid off, which in this economy is basically a promotion, so I told everyone I got a promotion. It freed up time for my personal brand. I have a standing desk I built, a cold plunge I made out of a chest freezer, and a $34 book about waking up at 4 a.m. that I have read 4 times and applied 0 times, which the author says is the normal ratio. The government borrows $7 billion a day, and pays $2.8 billion a day in interest on what it already owes. People call that a crisis. I call it confidence. I also live on borrowed money and pay interest I cannot cover, which means I am running the exact playbook of the United States government. We are aligned. We are both too big to fail. We will find out about me soon. The top 1% now owns 31.7% of everything in the country, the most on record. Some people find that discouraging. I find it directional. The ladder clearly works. I can see the top of it. I am simply standing on the part of the ladder that is underground. 62% of the country lives paycheck to paycheck, which does not make me broke, it makes me mainstream. I have never been more normal, and normal has never been stronger. My mother asked me, at Thanksgiving, why I am working 3 jobs and getting poorer in the strongest economy of my life. I told her she does not understand modern macroeconomics. She raised me on a single income and a pension. She is not early. I am early. The number is up. I looked it up. If the economy is strong and I am not, then the variable is me, and a variable can be optimized. I am not going to fix the economy. The economy is fine. It grew 1.5%. The missiles are flying. The debt is compounding. The dollar is on sale. The labs are going public. The 1% is winning, which means winning is on the menu. I am going to fix myself, harder this time. I just bought a second book. And more of the President's coin. I'm not behind. I'm early.

jane street invented their own trading game to train people. it isn't poker. it's called Figgie, and a former jane street trader, describes it as modelled on an open outcry pit: "almost like the chicago pit traders type trading experience, where you have four or five players and you're bidding for these things." "you're quoting these spreads, i'm three bid spades, i'm offering a five for diamonds, and you can make a lot of your money in this game by capturing the spread that you're quoting." "it really teaches you how to be a market maker in this toy example." SIG went a different route entirely. their training runs on texas hold'em, and new traders play a minimum of 100 hours of it. two of the biggest market makers alive, both training people on card games instead of markets. "you can't model these things completely through, and this is much more akin to the real world, where incomplete information is sort of all over the place." jane street have since put a digital version of Figgie online. you can go play it.