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toly 🇺🇸
@toly
Co-Founder of Solana Labs. Award winning phone creator. NFA, don’t trust me, mostly technical gibberish.
7.1K Following    2.1M Followers
NEW: @Coinbase CEO @brian_armstrong urges lawmakers to pass the CLARITY Act: "Whether people love crypto or hate it, there is broad consensus that we need clear rules to protect consumers."
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"America won the internet because software developers weren't afraid that they could be put in jail for creatively exploring new application realms that would enable people and companies to work and communicate differently than what was possible before the internet, web and mobile eras.  BRCA is necessary for America to retain its position in the world.  Blockchain and AI move faster than any tech or industry in history." And AI operating on decentralized rails and making use of different forms of digital assets will drive the most profound positive disruption and acceleration in human history. We are at a major global societal inflection point. America needs to land on a thoughtful bipartisan approach to crypto legislation because it is becoming clear to leaders in the traditional finance space and to captains of industry that the global economy will soon largely run on decentralized rails. America must remain front and center driving this positive disruption and acceleration, not routed around as value seeks smoother safer channels through which to flow.
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📣Announcing our first Solana Summit DC speaker: @SenLummis, a champion of digital asset policy! Join us September 14 to hear how a clear federal framework can strengthen U.S. leadership in digital finance. Register:
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The CLARITY act represents a ton of bi-partisan work to finally establish clear rules for crypto in America, which 70% of Americans say we should already have. Whether people love crypto or hate it, there is broad consensus that we need clear rules to protect consumers, give new tools to law enforcement to stop bad actors, and to bring crypto within the U.S. regulatory perimeter so it stops going offshore where we have no control. The bill even contains many pages of new authorities for banks to integrate stablecoins and crypto and grow their business, which we strongly support. This is about America getting back to winning, and remaining strong as a financial and technology hub, to create economic growth, jobs, and tax revenue. This week we get to see who in the Senate represents the will of the people, and will step up to vote YES on this common sense legislation.
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I agree with my friend and colleague, @SenatorHagerty. It's time to pass the Clarity Act and ensure that America leads the world in digital assets.
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A peptide but for making you feel like you just watched a great movie.
We can always get rid of excavators and dig with spoons.
Unpopular opinion: AI will create more jobs, not less.
Lessons there
Startups die for one reason only, they run out of money. It’s that simple. Avoid running out of money and it will never die. Large term leases and obligations == debt. That awesome shiny office for $50/mo for 3 years is debt, that 3 year datacenter deal is debt. Be really really really paranoid about signing any long term contracts. If 20% of your spend is contractual, it can kill you. Large teams kill runways. Each person needs to be justified by profit or revenue. If you have 18 months of runway, 6-12 months you will need to raise or be profitable to survive. If in 6 months you aren’t profitable, you will need to cut by 33% to extend runway to 18. At month 9 that’s 50%. Leases, and contracts can’t be cut. So if 20% of your spend is contractual at month 6 you are cutting 50% of the team. At month 9, it’s 70%, or you are basically on your last shot on goal.
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NEW: SOLANA DOUBLE DISINFLATION PROPOSAL GOES LIVE SOURCE:
🚨testnet validators upgrade to Agave v4.2 w/ haste so we can activate slot time reductions thank you
this is now live the validator proposals for solana deflation and burn are now live if you're a validator and you care about these proposals pls vote onchain asap steps in next tweet
Agave 4.2 is almost here. The Agave 4.2 release brings three major feature-gated upgrades: - 90% rent reduction - 3.3x larger transaction size - 200ms slot times Plus, the complete code for Alpenglow, the largest protocol change in Solana's history, which is coming in Agave 4.3. 🧵👇
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It’s crazy to think that this was once considered to be the funniest joke on the internet in 2011. We have come so far; we are living in the content renaissance.
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Wen 200m cu blocks
already filling demand for 100M CU blocks 👀
🚨JUST IN: @Solana researchers at @anza_xyz have introduced Quantumglow, a quantum-resistant adaptation of Alpenglow designed to preserve Solana’s speed and execution performance.
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s/o @BitGo for getting me all setup! one of the most trusted custodians with all the necessary banking infrastructure & insured licensing
We pioneered the self-custody multi-sig wallet precisely to avoid these types of failures. Seemlessly use either self custody or full custody (at our US chartered national trust bank) how you see fit. Free. Simple UI. Since 2013. @BitGo
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The Flippening Part 1!!! during US hours, solana nonvote traffic > solana vote traffic not yet true for daily average, as there is lower traffic at night which brings the average down
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