Back at SBC 2020 in Stanford, @ryanology045 and I were pitching to investors a concept we called liquid staking derivatives, or shadow tokens (Ryan came up with the concept). No investor ever understood the idea Now fast forward to SBC 2025 #SBC25 in Berkeley, the @SECGov makes an official statement on liquid staking Wild times

SEC Commissioner @HesterPeirce delivered an amazing speech today on financial privacy, which included references to Phil Zimmermann’s Pretty Good Privacy (PGP) and Eric Hughes’ A Cypherpunk’s Manifesto. She stated: “Rather than something to be feared, we should embrace these tools’ ability to help humanity live freer lives without unwarranted financial surveillance. People use these tools for bad purposes too, but treating technology as the villain will impinge on legitimate users’ privacy.”

FINALLY back in San Francisco

Good morning

Congratulatory chocolate from @ryanology045

As someone who’s been involved with the @ethereum ecosystem since the very beginning, the past 10 years feel like a dream From a nerdy hackers’ playground to now powering some of the world’s largest asset classes, what a journey it has been Happy birthday, Ethereum!

안녕하세요 South Korea! 🇰🇷 Starting today, transit riders can add Tmoney to Apple Wallet and ride by simply tapping iPhone or Apple Watch!

There is now a petition to stop credit card companies and activists from controlling what we play, watch, and read.

Global remittances (folk sending money home overseas) represents 900BN in international money flows yearly, with the market primarily captured by Banks, Western Union and MoneyGram; charging 7-20% fees plus excessive gouging on the exchange and sometimes holding money for days, holding over 800m dependants hostage across 60+ emerging economies. Shifting even half of that to Dogecoin would save a potential 50BN (more money in family pockets), one step toward uplifting the most vulnerable from poverty. The approximate effect on adding that throughput to the Dogecoin network, if you assume TPS is a measure of utility, would be a 'back of the envelope' 260% increase in the real value of Dogecoin economy. Just sayin.

zkEMV-- Your Credit Card Just Became a Hardware Wallet. Imagine transforming your everyday credit card into a secure hardware wallet capable of storing cryptocurrencies like Bitcoin & Ethereum. That's precisely what @mrnerdhair has achieved with zkEMV, a revolutionary creation that leverages zero-knowledge proofs (ZKPs) to simplify the user experience (UX) onchain. This innovative concept means you could potentially send crypto to a credit card number, & only the card's rightful owner can spend it by proving ownership with a ZKP from a chip reader. As @boundless_xyz puts it, think of zkEMV as where ZK tech meets @Visa. This eliminates the traditional onboarding hurdles associated with crypto right? effectively bringing everyone onchain without them even realizing it. Whats The Power Behind zkEMV?------ Hyle & RiscZero zkEMV is powered by a robust underlying technologies. The entire system is built on @hyli_org's L1 blockchain, which provides the foundational infrastructure for this decentralized innovation. Furthermore, it leverages @RiscZero's open-source zkVM (Zero-Knowledge Virtual Machine), a critical component that allows developers and teams to build the next generation of decentralized applications with enhanced privacy & scalability. Both Hyle's blockchain & RiscZero's zkVM mark important victories in the realms of decentralization & ZK technology. By shifting control to users & offering scalable alternatives, these developments directly challenge the dominance of centralized financial systems. Boundless Playing a Vital Role------ Verifying the Future This is where Boundless plays a crucial role. While @mrnerdhair built zkEMV & @hyli_org provides the underlying L1 blockchain, Boundless is responsible for verifying these groundbreaking transactions & proofs. In the context of zkEMV, where users prove ownership of crypto assets on their credit cards using ZKPs, Boundless acts as the verification layer. It ensures the integrity & validity of these proofs, confirming that----- - The ZKP generated by the credit card chip reader is legitimate. - The transaction initiated by the card owner is indeed authorized. - The secure transfer of assets occurs as intended. Essentially, Boundless provides the cryptographic assurance that makes zkEMV a trustworthy & secure solution mind you. It's the silent enabler that solidifies the trustless nature of ZK technology in this application, ensuring that everyone is already onchain is not just a dream, but a verifiable reality. By the way, @mrnerdhair's incredible work didn't go unnoticed but won the Hackathon in Berlin hosted by @zkhack. For developers eager to explore this technology, the GitHub repository is available at: - While currently available on Hylé's testnet (requiring an access code, which you might be lucky to find from @sylvechv', the implications of zkEMV are vast as well. It demonstrates the immense potential of ZK technology to simplify crypto interactions, enhance privacy, and truly empower users. Design by @0xDrea_onX gBerry.