Treating a token as a share is hilariously underestimating the potential of a good on-chain project’s ability to rewrite the social contract and coordinate a global community. Currency - not shares.

Hard to describe what it means to delete 300,000 lines of code just to rewrite it. We are ambitious. We are here for the long run. @guildxyz is just beginning.

One year ago the onchain campaign broke our infra, it was clear we needed to fundamentally upgrade Guild to serve complex gamified experiences at scale, so I started researching. A few months later decided to rebuild the whole platform. Today it is faster, more powerful and beautiful than ever.

A new era is coming.

Dragonfly invested into PepperSec, Inc., the developers of Tornado Cash, in August of 2020. We made this investment because we believe in the importance of open-source privacy-preserving technology. Prior to our investment, we obtained an outside legal opinion that confirmed that Tornado Cash as built complied with the law, under the guidance given by FinCEN in 2019. The government has now stated in open court that they are contemplating charges against Dragonfly for having invested into the Tornado Cash team in 2020. On counsel’s advice, we have refrained from public comment. But we can no longer remain silent. We believe deeply in Americans’ right to privacy, and the lack of it remains one of crypto’s largest unsolved problems. We therefore stand by our investment. We did not operate or exercise any control over Tornado Cash, we had no contact with any malicious users, we always encouraged our portfolio companies to follow the law, and we maintain that Tornado Cash itself has a lawful right to exist—a view reinforced by Van Loon v. Department of the Treasury and OFAC’s subsequent rescission of sanctions. Charging a venture firm for a portfolio company’s alleged misconduct would be unprecedented, especially under these circumstances. In 2023 we received a DOJ subpoena and have fully cooperated with the government’s investigation of Tornado Cash, confident that we have always complied with the law. The DOJ has made clear that we are not ourselves a target of their investigation. As with every investment, we provided PepperSec the same advice and support we offer all portfolio companies. We believe the government’s statement in court today was primarily to undermine a defense of Tornado Cash—to make it more difficult for the defense to call Tom to testify on the stand. After all of this time—years later—bringing charges against Dragonfly would be outrageous, contrary to the facts and the law, and would induce a chilling effect onto all investment into crypto and privacy-preserving technologies in America. We don’t believe the DOJ would actually bring such absurd and groundless charges. But if they do, we intend to vigorously defend ourselves.

Someone is scamming people on @zora pretending to be @ikbenhan atm. It felt targeted, I lost $200 It’s hard to say anything. I’ve been scammed at an incredible magnitude in DeFi, but this is the first time I’ve been targeted through socialfi. Stay safe out there.

If everything is money, then money no longer has power over you. Tokenize everything.

please don't pivot ever again @js_horne I want to enjoy this for a long time the dopamine rush on Zora is real recommand

they say competition is for losers, but if you don’t know how your company compares to others, you don’t stand a chance of winning

kaito was considered a core part of any new projects go-to-market strategy but signal on the platform has deteriorated into noise, mostly due to social arbitrage and mercenary advocacy fundamentally still believe infofi can lead to positive sum outcomes, but current execution needs to be radically adjusted