Jerpengkon (@jerpengkon) • Hey

Publications

Together with Justin Drake, I have recently decided to become an advisor to Eigenlayer, on the same conditions -- I am taking this position personally, not representing the Ethereum Foundation, and with a focus on risks and decentralization. I am therefore fully expected to take contrarian views on Eigenlayer. I do receive a significant amount of tokens from this position. I do not believe that they will change or influence my positions on how the core protocol should be developed, but I believe that the community should know about this, so that they can keep me accountable. I think Eigenlayer will be a major benefit to Ethereum, if it is done by someone with high integrity. I trust the current leaders are intending to do that, and I am planning to hold them accountable for it. I will not hesitate to speak out and/or to quit my position if I believe this is no longer the case. My views on restaking differ significantly from Justin's, and they have been roughly the same since I developed them last year. To summarize: Restaking comes with significant risks: 1. The main one can be summarized as the "principal agent problem": The operator is not necessarily the same as the person providing the capital, and might therefore have different incentives than we originally designed the protocol for. Now, these risks have been present for a long time in the form of Liquid Staking Tokens or LSTs; in fact, restaking (for solo stakers) could be seen as "LST light". LSTs are stictly worse in terms of the risks that they present to staking due to the principal agent problem. 2. A second type of risk comes from the additional load imposed on stakers by running restaking services. This can lead to centralizing forces. 3. Another risk is restaking infrastructure being used to mount attacks on the Ethereum protocol, such as bribing attacks. 4. Something many fear is that Eigenlayer will lead to a dystopia of dangerously designed restaking services that stakers will have to opt in, because they will provide most of the staking yield. I think restaking yield will be much more moderate as (a) if there were very high yields to have, there is no reason that they wouldn't already be available on plain ETH and LSTs; (b) total crypto revenue is very moderate and I think the appetite to pay restakers by diluting tokens will not be that high. Helping with avoiding 2 and 3 are the main reasons I decided to be an advisor. Clearly, I would never take this position if I did not also see significant benefits to Ethereum that come from restaking when implemented well: 1. Restaking can give some of the benefits of LSTs to individual stakers. In the balance of things, this makes individual stakers more competitive compared to the status quo, and is therefore a benefit of restaking. If LSTs didn't exist, my view on this would probably be different. 2. In an ideal world, Ethereum would already have a huge data layer. In the real world, it is currently severely constrained and this does not allow some projects to commit to be a rollup by posting data to Ethereum (an example of this is Celo). I think Eigenlayer will provide an excellent temporary solution for these projects, by being completely compatible with 4844 blobs and providing high, Ethereum-aligned security. My personal goal is obviously to bring all these projects to be full rollups with data on Ethereum eventually, as far as it makes economic sense (which I think it will for all financial applications at the very least). 3. There are other things that Eigenlayer can help us implement before the protocol gets to it, for example block pre-commitments. Obviously these require extreme caution as they come with high risks as well.
🇺🇸GOOGLE AND META FIGHT NY KIDS' ONLINE SAFETY BILLS Google and Meta are leading a push to block New York legislation aimed at protecting children online. Lobbying efforts have reached $ 823,235 and are expected to surpass $ 1 million. The bills in question, the SAFE Act and the New York Child Data Protection Act, seek to regulate social media algorithms and data collection for users under 18. Critics argue the bills could stifle freedom of speech and privacy, while supporters say they are essential for child safety. The SAFE Act has strong bipartisan support and is moving towards approval. Sources: The Post
This is the time where you accumulate the good tickers, and hold.
MASSIVE COTTON CANDY-LIKE EXOPLANET DISCOVERED Exoplanet WASP-193b is 50% bigger than Jupiter but 7 times less dense. MIT Scientist: "It’s basically super fluffy. The reason why it’s close to cotton candy is because both are pretty much air." WASP-193b's low density is a major anomaly, defying current models of gas giants. Astronomers hope the James Webb Space Telescope will uncover the mystery behind this unique planet. Source: Popular Science Photo: Illustrative
BREAKING: HAMAS OFFICIAL STATEMENT ON IRAN PRESIDENT RAISI DEATH “With greater faith in God’s will and destiny, and with great patience and consideration, we extend our sincere condolences, deep sympathy and solidarity to the Supreme Leader and Leader of the Islamic Revolution, His Eminence Sayyed Ali Khamenei, to the Iranian government, and to the brotherly Iranian people, on the death of His Excellency President Ibrahim Raisi, and the Minister of Foreign Affairs, His Excellency Dr. Hussein. Amir Abdullahian, the representative of the Supreme Leader and Friday Imam in Tabriz, Mr. Muhammad Ali Al Hashem, and Mr. Malek Rahmati, Governor of East Azerbaijan, following the unfortunate accident and painful tragedy, in the crash of the helicopter that was transporting them from northwest Iran. We express our shared feelings of sadness and pain with the brotherly Iranian people, and our complete solidarity with the Islamic Republic of Iran, in this painful and grave accident, which claimed the lives of a group of the best Iranian leaders who had a long journey in Iran’s renaissance, and honorable positions in support of our cause. The Palestinian Authority, its support for the legitimate struggle of our people against the Zionist entity, its appreciated support for the Palestinian resistance, its tireless efforts in solidarity and support in all forums and fields for our people in the steadfast Gaza Strip in light of the Al-Aqsa flood battle, and its intense political and diplomatic efforts and efforts to stop the Zionist aggression against our Palestinian people. We are confident that the Islamic Republic of Iran will be able - God willing - to overcome the repercussions of this great loss. The dear Iranian people have ancient institutions capable of dealing with this severe ordeal.“
Currency against US Dollar, past month: 🇿🇦 South Africa: +5.2% 🇦🇺 Australia: +4.2% 🇷🇺 Russia: +3.1% 🇲🇽 Mexico: +2.8% 🇪🇺 Eurozone: +2.1% 🇬🇧 UK: +2.1% 🇰🇷 South Korea: +1.9% 🇮🇩 Indonesia: +1.6% 🇹🇷 Turkey: +1.5% 🇨🇦 Canada: +1.2% 🇮🇳 India: +0.4% 🇨🇳 China: +0.3% 🇯🇵 Japan: -0.7%
I'm new to crypto... I got stupid lucky and made $ 26,000 on a memecoin... Over the last 3 weeks I've lost 50% of that trying to win again.
I found degen wallets that receive ≈$ 10,000 each month Most of them receive $ 200-300 daily for free I studied all their transactions and apps they used Here's all you need to know to make the same 🧵👇
💔🇵🇸 "The threat of FAMINE in Gaza never loomed larger." - World Food Programme
200 ETH ($ 600K) from the address that originally funded Vitalik’s wallets has just been sent to Kraken. 0x5eD, after funding Vitalik's wallets 9 years ago, sent 2,000 ETH to 0x2FE - only 2 days later. This ETH was held for 9 years in 0x2FE before being sent on to 0x9D2, an address that deposited 200 ETH to Kraken 2 hours ago.
It's amazing to see how sports like badminton continue to push the boundaries of human capability.
🏸 The fastest badminton shot ever played had a speed of 565 km/h (351.1 mph), exceeding the fastest speed recorded by a Formula 1 car by almost 200 km/h. The record belongs to India’s Satwiksairaj Rankireddy.
ok the hat is still off
We made $BYTE, $GME, $PATTON and many more go viral. Which one should we do next? Tell us in TG, info in profile.
⛽️ Gasoline prices (liter, U.S. Dollar): 🇮🇷 Iran: $ 0.029 🇱🇾 Libya: $ 0.031 🇻🇪 Venezuela: $ 0.035 🇪🇬 Egypt: $ 0.287 🇰🇼 Kuwait: $ 0.341 🇩🇿 Algeria: $ 0.342 🇳🇬 Nigeria: $ 0.482 🇰🇿 Kazakhstan: $ 0.554 🇷🇺 Russia: $ 0.609 🇸🇦 Saudi Arabia: $ 0.621 🇦🇪 UAE: $ 0.887 🇮🇩 Indonesia: $ 0.968 🇺🇸 USA: $ 1.082 🇵🇰 Pakistan: $ 1.037 🇧🇩 Bangladesh: $ 1.065 🇦🇷 Argentina: $ 1.068 🇯🇵 Japan: $ 1.118 🇧🇷 Brazil: $ 1.139 🇦🇺 Australia: $ 1.189 🇨🇳 China: $ 1.216 🇮🇳 India: $ 1.248 🇰🇷 South Korea: $ 1.301 🇹🇷 Turkey: $ 1.322 🇿🇦 South Africa: $ 1.366 🇪🇹 Ethiopia: $ 1.370 🇨🇦 Canada: $ 1.389 🇲🇽 Mexico: $ 1.437 🇺🇦 Ukraine: $ 1.481 🇨🇱 Chile: $ 1.534 🇷🇴 Romania: $ 1.577 🇨🇿 Czechia: $ 1.749 🇪🇸 Spain: $ 1.785 🇬🇧 UK: $ 1.874 🇩🇪 Germany: $ 1.952 🇮🇪 Ireland: $ 1.982 🇫🇮 Finland: $ 2.027 🇫🇷 France: $ 2.031 🇮🇹 Italy: $ 2.047 🇳🇴 Norway: $ 2.086 🇨🇭 Switzerland: $ 2.092 🇩🇰 Denmark: $ 2.206 🇳🇱 Netherlands: $ 2.227 🇲🇨 Monaco: $ 2.298 🇭🇰 Hong Kong: $ 3.212 The average price of gasoline around the world is 1.35 U.S. Dollar per liter. Note: According to Global Petrol Prices, Octane-95, 13-May-2024
#AVICINTLNews #CAIEC ranked 75th in the "Top 100 China International Contracting Enterprises For 2023", which was released by the China International Contractors Association. In addition, the company ranked 19th in the transportation sector, and 28th in the Africa region.
It's like investors learned no lessons from the graveyard of self driving car companies, and now we have to speed run it again for humanoid robots. The same scammers will profit, and the same public will lose.
🦾The 25th #Changsha Intelligent Manufacturing Equipment Expo attracted more than 500 enterprises from home and abroad. The event showcased cutting-edge advancements in #intelligent #manufacturing across six themed exhibition areas, including CNC machine tools, industrial #automation and #robots, intelligent warehousing and logistics, environmental protection and surface treatment, industrial parts, scientific instruments and laboratory equipment #Hunan
#BTC    The Post-Halving Bitcoin "Danger Zone" (purple) is officially over And Bitcoin is celebrating with a good bounce from the Re-Accumulation Range Low support $BTC #Crypto #Bitcoin   
With the steady improvement in China's overall strength in sci-tech innovation, a multitude of unicorn enterprises have been fostered in the country in recent years, providing continuous momentum for nurturing new quality productive forces. brnw.ch/21wJISy
Dudes rock
The world famous Old Trafford waterfall is the second highest in England and well worth a visit.
Annual inflation rate 🇦🇷 Argentina: 288% 🇹🇷 Turkey: 69.8% 🇷🇺 Russia: 7.7% 🇿🇦 South Africa: 5.3% 🇮🇳 India: 4.85% 🇲🇽 Mexico: 4.65% 🇧🇷 Brazil: 3.69% 🇦🇺 Australia: 3.6% 🇺🇸 US: 3.5% 🇪🇸 Spain: 3.3% 🇬🇧 UK: 3.2% 🇮🇩 Indonesia: 3% 🇨🇦 Canada: 2.9% 🇰🇷 South Korea: 2.9% 🇯🇵 Japan: 2.7% 🇳🇱 Netherlands: 2.7% 🇸🇬 Singapore: 2.7% 🇫🇷 France: 2.2% 🇩🇪 Germany: 2.2% 🇸🇦 Saudi Arabia: 1.6% 🇨🇭 Switzerland: 1.4% 🇮🇹 Italy: 0.9% 🇨🇳 China: 0.3%
The ordinals Asia event make me anxious somehow. By the way, I've reserved domain names below for the future: - "Bitmap .asia" - "Bitmap .Tokyo" The future looks bright for the bitmap community. I can do feel it.
Stop asking when retail is coming You've already been given full control over when you come, that is enough
I've decided to take the following Month off of being British HODL. I have a lot of travel for the next month and I want to enjoy it, be in the moment and let's face it - nothings going on for May/June in #Bitcoin   . I don't want to feel forced to talk about #Bitcoin    at a time I'm uninspired and there's nothing really to "figure out" like there was during the ETF run up - basically end up saying the same thing over and over again. So, as it's my Birthday tomorrow, going to take the entire month off and live some life. Get my energy focused and load up British HODL Season 2 starting June 13th. Still be available for podcasts - just hit my DM. Have a great month family and can't wait to get this party back started in June re-energised and re-focused after a summer of fun. Remember - there are ALWAYS only 3 rules to #Bitcoin   : Step 1: Buy Bitcoin. Step 2: Shut The Fuck Up. Step 3: Get Fabulously Wealthy. Love you guys - you have ONE life, remember to live it.
My pregnant wife wanted to make meat loaf so she tried. An hour and a half later it’s now in the trash and she’s crying while eating pickles because it was still pink 😂. Oh this is gonna be fun
During the 'boring' times in the market, pay attention to the #crypto projects implementing. Innovation is happening. 👀
~$ 100 BILLION could flow into #Bitcoin    if European regulators make Bitcoin an approved asset that can be included in UCITS. USA ETFs = $ 6.5 Trillion market (2023) UCITS = $ 12.8 Trillion market = 1.96x bigger market. US Bitcoin ETFs = $ 53 Billion in assets. UCITS potential Bitcoin flows = $ 53B x 1.96 = $ 103B 🤔
In response to WSJ, we affirm our strict market surveillance program. We do not tolerate market abuse. Over the last three years, we have offboarded nearly 355,000 users with a transaction volume of more than $ 2.5 trillion for violating our terms of use. Market maker competition is fierce and our investigation team’s job is to be neutral and look at the evidence without any bias, including bias that might come from market-making firms’ claims against their competitors. We aim to ensure healthy competition in the industry and always fight to protect our users from market manipulation.
The engineering team is tracking an issue with Auth0 account migration as part of Cloud v2 rollout which caused approximately 4,000 users to create "new" accounts. Affected users are seeing no workers and no points in their account. If you expect to see points but see zero points, please make sure that you are logged into the correct account and see Workers in the IO Worker tab. If you do not see Workers in the IO Worker tab but are logged in with the correct email, please open a support ticket via Intercom.
ARE YOU THINKING LIKE THESE?!?! #karachi
What could be worse than forgetting your lunch box on the train? The pain is unbearable 😭
The Trudeau regime has introduced an Orwellian new law called the Online Harms Bill C-63, which will give police the power to retroactively search the Internet for ‘hate speech’ violations and arrest offenders, even if the offence occurred before the law existed. This new bill is aimed at safeguarding the masses from so-called “hate speech.” Revolver.news reports: The real shocker in this bill is the alarming retroactive aspect. Essentially, whatever you’ve said in the past can now be weaponized against you by today’s draconian standards. Historian Dr. Muriel Blaive has weighed in on this draconian law, labeling it outright “mad.” She points out how it literally spits in the face of all Western legal traditions, especially the one about only being punished if you infringed on a law that was valid at the time of committing a crime. thepeoplesvoice.tv/canada-to-impr…
"Can you look away from the charts for just one second and smile?" Me:
It's all planned #altseason #100xgem
To fix your digital identity, a lot of things need to get right at once: - Identity is more than just your wallet - Identity is more than just credentials - Identity is more than just the tools to verify your data Many identity companies decided to focus on building a single use case. Polygon ID has been building the whole infra, tech & product necessary for self-sovereign identity After 4 years building, fixing & iterating, Polygon ID has created the full identity ecosystem! 💜 These are ALL the features Polygon ID has ever released🔥: - Full suite of SSI solutions for issuing, holding and verifying claims - Client-side ZK prover that generate proofs under X seconds - Private Proof of Uniqueness - Zero Knowledge without writing circuits - Trustless on-chain Issuer - On-chain Verifier - Identity Profiles to avoid tracking of your identity - Private On-chain Revocation - Schema builder to boost standarization - Query builder to facilitate development of Applications - Dynamic Credentials - Java Script SDK for the creation of browser extensions - A Marketplace of projects and credentials - Customizable look and feel of Credentials Polygon ID is an open source identity ecosystem following the principles of SSI & W3C standards of VC and DID 💜
To make your first $ 100,000 in crypto, all you need is: · $ 500-1000 in savings · Study previous bull runs · Have the right knowledge Discover how to find alts before they surge 100-1000x ⬇️🧵
It's Max Mint Monday!!! Quote RT with an artwork and Zora mint page. We'll max mint (111 mints) our favorite.
Just asked my wife who invented Bitcoin. "Statoshi Guacomolo" 🤣
These crypto KOLs treat YOU like MUSHROOMS 🍄🟫 Keep you in the dark and feed you on SHIT 💩 But then there’s me. Taking no back handers from insiders, who rarely ever shills a coin unless I thoroughly believe it’s a big time gem. PRE MOON. 👑🐐
In Friday's #Bitcoin    debate my partner @lens/nouriel said he was happy paying 52% of his income to the government. Medieval serfs only paid 25% of their incomes to their lords. Americans are supposed to be free. Confiscatory taxation violates the founding principles of our nation.
60-second introduction to the bitcoin power law and time contours See it blow through a million, sound on
Day 1: #Bitcoin    for Corporations | @lens/microstrategy World 2024 💥 Begins May 1, 1:30pm PDT | Watch on the @lens/bitcoinmagazine YouTube channel Set your reminder to tune in: youtube.com/watch?v=lwqLXa…
Individuals using the Internet (% of population): 🇰🇵 North Korea: 0% 🇸🇴 Somalia: 2% 🇸🇸 South Sudan: 7% 🇨🇬 Congo: 9% 🇺🇬 Uganda: 10% 🇪🇹 Ethiopia: 17% 🇦🇫 Afghanistan: 18% 🇵🇰 Pakistan: 21% 🇪🇷 Eritrea: 22% 🇳🇪 Niger: 22% 🇰🇪 Kenya: 29% 🇧🇩 Bangladesh: 39% 🇮🇳 India: 46% 🇳🇬 Nigeria: 55% 🇻🇪 Venezuela: 62% 🇮🇩 Indonesia: 66% 🇨🇺 Cuba: 71% 🇿🇦 South Africa: 72% 🇪🇬 Egypt: 72% 🇲🇽 Mexico: 76% 🇨🇳 China: 76% 🇮🇷 Iran: 79% 🇺🇦 Ukraine: 79% 🇧🇷 Brazil: 81% 🇯🇵 Japan: 83% 🇹🇷 Turkey: 83% 🇮🇹 Italy: 85% 🇫🇷 France: 85% 🇦🇷 Argentina: 88% 🇷🇺 Russia: 90% 🇩🇪 Germany: 92% 🇺🇸 USA: 92% 🇨🇦 Canada: 93% 🇫🇮 Finland: 93% 🇦🇹 Austria: 94% 🇪🇸 Spain: 94% 🇸🇪 Sweden: 95% 🇦🇺 Australia: 96% 🇨🇭 Switzerland: 96% 🇬🇧 UK: 97% 🇰🇷 South Korea: 97% 🇩🇰 Denmark: 98% 🇳🇴 Norway: 99% 🇮🇸 Iceland: 100% 🇦🇪 UAE: 100% 🇸🇦 Saudi Arabia: 100% 🌎 World: 63% Note: Internet users are individuals who have used the Internet (from any location) in the last 3 months. The Internet can be used via a computer, mobile phone, personal digital assistant, games machine, digital TV etc. Figures are rounded. According to International Telecommunication Union (ITU) World Telecommunication/ICT Indicators Database
ENERGY: Russian energy giant Gazprom reports $ 6.9 billion loss in 2023, its first loss in over 20 years.
15 Most powerful Navies in the world: 1. USA 🇺🇸 2. China 🇨🇳 3. Russia 🇷🇺 4. Indonesia 🇮🇩 5. South Korea 🇰🇷 6. Japan 🇯🇵 7. India 🇮🇳 8. France 🇫🇷 9. UK 🇬🇧 10. Italy 🇮🇹 11. Turkey 🇹🇷 12. Taiwan 🇹🇼 13. Egypt 🇪🇬 14. North Korea 🇰🇵 15. Bangladesh 🇧🇩 According to WDMMV via Yahoo Finance
MicroStrategy Now Holds 214,400 Bitcoin
🇪🇺 20 years ago today, 10 European countries joined the EU, making it the biggest EU enlargement ever: Cyprus 🇨🇾 Czechia 🇨🇿 Estonia 🇪🇪 Hungary 🇭🇺 Latvia 🇱🇻 Lithuania 🇱🇹 Malta 🇲🇹 Poland 🇵🇱 Slovakia 🇸🇰 Slovenia 🇸🇮
And Zksync Airdrop Happens in May and Everyone is happy just like Arbitrum Airdrop. Joy is coming ♥️♥️