Rick Dudley (afdudley.eth)
@AFDudley0
Followers
10,825
Following
818
Media
210
Statuses
40,541
I work on @laconicnetwork . I sell lock picks, not shackles. Only following people I've met in person. ~nibsun-folsed
Joined December 2014
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Short 2 year update:
Which companies I work with changes from year to year. And in some sense DeFi has forced me to accept that mass adoption of blockchain technology is still far away. That being said, I still passionate about developing open platforms for safe transactions.
Over the past couple of weeks a lot of people have asked me what it is I'm working on. It's kinda difficult to explain because all the projects I work on share themes, but if you're not me, it would probably be difficult to see the thread. Following along won't be easy.
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@lopp
I don't really care what the capital gains tax is in either direction, but taxing unrealized gains is completely insane.
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I got into blockchains because I was interested in using cryptography to create robust equitable virtual economies and I only care about monetary policy in service of this goal. This makes me an extreme outlier on Crypto Twitter, I don't have any monetary fixations.
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I had to stop paying attention to MEV because even though I like many of the researchers and their previous work, no one could explain to me why they aren't working to simply eliminate MEV instead of "democratizing" it.
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Working in both ecosystems, it seems like the Cosmos scaling strategy is actually more radical and directed than Ethereum's. I did not realize that two weeks ago.
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The problem with Ethereum dapps is "The Deep Stack Problem"
It took decades of nerds making systems for each other to get to the stack complexity that made web1.0 possible. We are trying to make a categorically more complex stack, with categorically less skilled people.
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How is it possible that we've switched from Yield Farming to NFTs so quickly? Why is the attention span of The Ethereum Community so short? How could it possibly be this short? I feel like I'm missing something basic.
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DeFi is filled with fucking idiots. I don't even care if the shit works or not, I just don't want to spend my time talking to dullards. Talking to fucking morons is a sure fire way to ruin my day, but they are practically unavoidable.
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@iamDCinvestor
@omgnetworkhq
We should just stop talking about sidechains. There are L2s, and L1 with trusted bridges to other L1s, if we have L1/L2 language, there is no reason to even talk about sidechains anymore.
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I have a lot to say about the Binance hack. The Cosmos Ecosystem dodged a bullet and I hope we can all work together to fix the process and cultural issues that resulted in the exploit.
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Super happy to see EIP-1559 live on mainnet. It's the strongest evidence to date that ETH2 will just become ETH.
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Cosmos Zones, Polkadot Parachains, Ethereum Roll-ups, and Avalanche Subnets are identical.
MLM at its finest.
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Ethereum L2 development is really slow. The teams are too small, underfunded, and as a consequence of the funding model never composed properly.
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I've been playing with DeFi stuff, but using strategies where almost all of the risk is in gas fees or in a very small subset of well tested/audited contracts failing. I think people like DeFi because they like gambling. Investing, trading/speculating, and gambling are distinct.
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I'm a boring guy, I like Cosmos, Ethereum, Bitcoin.
I'm also getting more into Flow and Avalanche.
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I'm worried Ethereum won't go back to "normal".
The World Computer is dead.
EIP1559 isn't going to help with this.
I'm not even sure getting rid of gas completely will fix this.
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People don't understand how much the Ethereum pre-mine will forever effect the governance of any chain forked from that genesis block.
People don't understand that early Bitcoin culture is not transitive and can't be duplicated.
This why there are no
@ln_zap
like teams on ETH.
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Do I really want to wake up in Japan and start reading about SEC complaints or legal contracts for forming DAOs? What am I doing with my life?
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This is my work Twitter. People who've known me for a while will immediately appreciate why I primarily tweet with my "real name". I really don't use Twitter to be traumatized by information about police insanity, I really do just use it to stay up to date with work...
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I'm a little shocked more people aren't talking about Tether transitioning to Ethereum.
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As an author of EIP-1559, I think this does a better of job explaining EIP-1559 than EIP-1559 and all previous documentation of it does. It's short too.
EIP-1559 is one of Ethereum's most anticipated changes. If implemented, it would have far-reaching consequences for users, miners, and even the security of Ethereum itself.
A comprehensive analysis from
@gakonst
and me for
@DeribitInsights
is out now.
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I regularly forget how much Ether was premined. It seems crazy when I think about it now.
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The thing that is probably the most confusing about me professionally, is I sincerely don't like money, I don't like thinking about it, or dealing with it. I work in crypto because I'm obsessed with "fair games", which is antithetical to "unbounded accumulation".
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This is what I keep trying to explain to
#DeFi
people: If this kind sir below decides to take a long vacation, you're fucked. How many DeFi Degens even know who this kind sir is? geth 1.9.0 saved the network, not possible without Péter.
@dankrad
@hudsonjameson
@realLedgerwatch
@jeffehh
@nicksdjohnson
@mhswende
The problem is not a temporary hiccup, the problem is the long term effect that it has on the 3-5 people who need to keep the lights on, and what happens if they decide it's not worth it any more.
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This would be a great opportunity to get
@binance
,
@0xPolygon
, and anyone else out there to come home and contribute to the upstream your various empires rely on. We can all work together to eliminate whole classes of systemic risk we're creating by not communicating.
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The more I read, "NFTs are a scam", the more I'm convinced that the problem isn't NFTs or "crypto", it's people believing that there is some 20th Century or later social activity that _isn't_ a scam.
If it involves money changing hands between strangers, it's probably a scam.
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Hiring for a crypto project is more like recruiting for a warez group than hiring for enterprise.
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Over the past couple of weeks a lot of people have asked me what it is I'm working on. It's kinda difficult to explain because all the projects I work on share themes, but if you're not me, it would probably be difficult to see the thread. Following along won't be easy.
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I'm seriously considering starting my own DAO.
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Who is interested in discussing Ethereum L2 adoption (and a little bit about L2 adoption at large) with me?
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Do people actually think Ethereum is usable? (I "use" Ethereum everyday.) We have a fee crisis caused by 4-10 entities backrunning. There is NOTHING wrong with these entities using the system as implemented, but can we... I don't know... hurry up and patch this shit?
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Constantly learning new things is sort of like a confusion addiction.
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The Ethereum Community is an overly excited puppy that gets distracted by whatever dumb thing crosses it's path, EOS, Tron, and now Libra.
Buidl is a dumb meme since the base infrastructure isn't done and most people into memes can't do it.
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Someone's playing games on the Ethereum Mainnet, lots of short reorgs.
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"Nobody" else knew the bug in IAVL was there, but "everyone" knew to use ICS23 instead. If
@binance
ever listened to their upstream providers, we would have told them "please just switch to ICS23, we'll help you migrate" but there is no one there to say this to.
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One of the most exciting things for me to see in the blockchain space: the very basics of proving a radio was in a particular place at a particular time.
Amazing day
@NewLab
@ETHNewYork
with the first FOAM Location BFT Time Synchronization Radio Demo on Plasma and Tendermint. Formal Documentation and announcements next. Thanks to all who came + extra support from
@AFDudley0
@liamihorne
@karl_dot_tech
⛓🗽🙌
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I feel really stupid for assuming the royalty systems implemented by
@rariblecom
and
@opensea
made any sense before I actually read the code.
What a mess.
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This is so important... I wish I could articulate how important the lightning code and development process is. I wish scaling this team was as easy as a $10mil USD ICO :)
lnd v0.5-beta has just been released!
⚡️ ⚡️
this release includes a revamped impl of neutrino (BIPs 157+158), the ability to run against a full node w/o a txindex, auto tor v2+v3 onion service, much more, and ofc bug fixes!
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The biggest problem I have with Ethereum is that for a lot of people it represents their subculture identification. Probably the last thing I'd want to associate with a technical project. But I say this being from the hacker scene... so take with a huge grain of salt.
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I'm probably going to do a podcast, who should I interview? what topic would people like to hear me discuss? it would probably be more of a radiolab format, not straight interviews.
First topic is stable coins.
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Everything in Ethereum is held together with duct tape and bubble gum. So little of the tooling works. I've spent 5 years working on a project to fix a "simple issue". There is practically no benefit to my business using multiple ETH wallets if they _EVER_ touch an off ramp.
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This sort of hacking shares a lot of DNA with 80s/90s hacking. It's nearly impossible to have all of the domain expertise required to safely execute a "large scale attack", it's also nearly impossible to recruit enough defection-resistant partners.
The
@kucoincom
hacker deposited more than 49700 ETH into
@TornadoCash
to try to hide their tracks.
I believe that I've found their withdrawal addresses.
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It really difficult to do all the work required to support my business and follow all the research required to continue my work. I think this is why we see so many people who "get stuck" in whatever blockchain paradigm they were introduced to, staying current is a chore.
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Yes! You crazy degens keep buying $3 $BASED. I do I want to know what is wrong with you people? You know it's $1 "stablecoin", right?!
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Sigh. At best this is fake news. As a community we need to have a discussion about what words mean and why we use them. Do we use words to communicate about reality or do we use words to get investors excited? If your blockchain isn't public but only does 6k TPS, why so slow?
1/ Today Dapper Labs (maker of Cryptokitties) announced Flow, a new blockchain to support mass adoption of consumer-facing games, apps and digital collectibles at scale. We at Autonomous participated in the round and here is why we are excited:
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I don't have stats, but the scene feels like young single males, you know, historically the cannon fodder for war.
Meme heavy TGs have the wartime vibe of IRC warez channels.
2000s babies LARPing the movie Wall Street and getting the aesthetic *very* confused.
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I need to send a transaction now, and I can't use because gas is fucking 298 GWei.
LOL Ethereum is so fucked.
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I guess all those people that unfriended me after I said I hate DeFi won't get to read my suggestions about how to improve DeFi.
Fitting really.
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If you are writing open source code in the blockchain space, you shouldn't sign a confidentiality agreement, how the fuck does a DAO have trade secrets?
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Twitter would be a lot more chill if dueling was still a thing. We shouldn't be advocating for civil discourse, we should just make one on one fights to the death legal again.
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There is no cohort I have interacted with in my professional life more resistant to learning than VCs. Everything has to be catered to them, they *never* try to understand novel things. Some CEOs full time job is educating VCs, they don't have time for anything else.
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I wish I had time to care about NFTs, I don't even have time to care about DeFi. I started on L2s, PoS, and mechanism design, still my focus. Although it's completely possible for someone to switch topics faster than I do, I'm skeptical when tech folks jump topics very quickly.
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DeFi should stop using APY and agree[sic] on some common alternative epoch. It's not an APY if governance can change it every 15 minutes, or 13 seconds. :)
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People are still writing about Ethereum Killers. I'm way more worried about how long it took core devs to even discuss getting rid of gas tokens, we have to do better.
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I have a lot of respect for
@peter_szilagyi
,
@realLedgerwatch
,
@VitalikButerin
, and
@dannyryan
. That being said, there is not a Head-of-Product/Lead-Architect working on geth. The circuit between dapps devs and protocol dev remains open. Is this decentralization? How do we fix?
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Yeah, so folks probably don't realize that the audit demand far far exceeds the number of skilled auditors, right now we have a lot of proof readers.
As humans we will always trend towards making systems just beyond our ability to understand.
We have to fix the programming model
Apparently more than 72% of recent high profile DeFi hacks happened in *audited* smart contracts.
c.f.
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It's fairly easy to write a decentralized replacement for Etherscan, we got an EF Grant to start the work, now seems like a good time for someone to fund the work so it can continue.
NEW: China's Great Firewall, used by the government to regulate access to foreign internet sites, has blocked one of the most popular sources of ethereum blockchain data.
Report by
@WolfieZhao
@etherscan
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The Cosmos Ecosystem is such a mess. I might just have to mute the whole thing. Eventually all this bullshit is going to start impacting the code. I wish there was a simple fix.
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Friendly reminder all the Cosmos Ecosystem messiness is evidence it's actually decentralized.
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Earlier today it dawned on me that this year I've probably made the best work or my life. I hope at some point, while I'm alive, it's publicly available and people recognize I did all of it.
I don't mind that my name is blazing on everything I do, but it has odd side effects.
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I really wish the blockchain industry was more interested in history or at least not so completely and needlessly disjoint from it. Listening to Ray Dalio and reading
@delitzer
reminded me of this.
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@ncweaver
Can a third party verify the computation done on AWS without doing it themselves? Can someone launch an EC2 instance without agreeing to terms of use? It's those two things Ethereum users are paying for, not storage and compute. Nice try though.
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Linux is too complicated for normal people to give a fuck.
Blockchains is too complicated for normal people to give a fuck.
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Has anyone else noticed that web search engines have gotten really bad over the last... 5ish years?
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It's been a pleasure working with
@MakerDAO
and I hope to continue doing so in the future.
The VulcanizeDB code will be made public here, at Maker's discretion.
For the double nerds, we will most likely be releasing those changes under AGPL.
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I've spent nearly the entirety of my professional life being the only black person in the room and to everyone's deep misfortune also the smartest person in the room. It's obvious to me that people have no idea how their participation in the radicalization of police...
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I think Proof of Waste actually is a better term, because if the "work" can be used for some other purpose, it will almost surely screw up the economic security guarantees.
I might as well mention I'm generally opposed to economic guarantees, since you know, billionaires.
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Tweeting about Bitcoin's carbon footprint isn't filing a complaint with management. If you'd like to address the problem, one simple thing complainers could do is work with miner to certify that the mines are carbon neutral or negative.
@regen_network
is doing such work.
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It getting harder to recommend
@Ledger
hardware wallets.
My user experience has declined significantly over the years and obviously the OPSEC issues have been painful.
It's actually net safer to just learn linux or devote a hardened phone to key management.
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The two biggest problems with the blockchain space today is that it's filled with insane people who can't figure out how to make a deal and that all the wonderful basic research we're doing is funded by speculative trading. These two problems are intimately related.
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Identity isn't a product.
Identity isn't a product.
Identity isn't a product.
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As much as I'm a proponent of research, there isn't a shortage of "blockchain papers". THERE IS A SHORTAGE OF CLEAR USE CASES.
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It really feels like Ethereum is going to be the testchain for DeFi products that go into production on Tezos.
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I strongly dislike the fake collaborative culture of the blockchain space. The extreme reliance on social proof is about as depressing as the mechanism formalization efforts. It will be awesome when all this work is automated and I go back to being almost completely unemployable.
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Read the thread.
OK, we can forget this Paypal "news".
"Crypto in [the Paypal] account cannot be transferred to other accounts on or off PayPal."
So, this is all a big PayPal nothing burger, just entries in a central PayPal database, nothing to do with
#bitcoin
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I've been occasionally screaming to a pillow since I learned that Substrate maintains the ETH1.0 state storage model. You know, that think we've been working on changing for multiple years and has never really made sense. Yeah, it will be fine, parachains will scale just fine.
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$based is an amazing experiment in market/human behavior. An economist would never think to test people in this way and most of them would not expect the resulting behavior. It's really a fascinating game.
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Nothing more exciting in the blockchain space than this.
The first FOAM Zone for Proof of Location is being installed at the Brooklyn Navy Yard! We will be sharing updates in an upcoming blog post with more details. ⛓🎛📻
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Besides RAI, what's the best Ethereum native "censorship resistant" USD stablecoin? Direct USDT and USDC are off the list.
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A funny thing happens when one compensates engineers based on their ability to negotiate instead of their ability to engineer.
You guessed it, we get a bunch of a negotiators, who engineer on the side, not the other way around.
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Very excited to take part in the future of Uniswap!
UNI Grants Program - Wave 4 🌊🌊🌊🌊
In the final wave of UGP v0.1, we're awarding $336,800 to 14 projects advancing the
@Uniswap
ecosystem with robust devtools and infra, including new activations and libraries to build with!
🦄 Check them out now:
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It's funny how many times I've moved markets in crypto given that I'm broke.
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I'm at a party with GameCube fans. Sadly, no Mario Kart.
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Yo. Just because good devs are difficult to manage doesn't mean difficult to manage devs are good.
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I'm more than a little amazed by this.
Truebit is live on Ethereum mainnet! Thanks to everyone who contributed.
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One of the best ads I've ever seen, I have no idea if these people are good at their jobs.
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Why aren't billionaires working harder to reforest the world's deserts?
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People who met me after 2006 have a more difficult time appreciating that I really quite strongly dislike money. I was designing cryptoeconomic systems to escape money, not accumulate more of it.
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So, you want to reinvent insurance on the blockchain? Cool, you must first create a new metaphysics for cryptoassets, then locks, then modern financial instruments, 6 months tops. Actually only 4 months since your team of 25 year olds is energetic and unburdened by experience.
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@bennjordan
THERE IS A PALM PILOT IN THIS IMAGE. Did you actually find this layout productive?
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My time in the crypto space is limited. Dealing with so much sociopathy and ignorance is extremely taxing. I feel like I'm in I Am Legend (the book not the movie).
Sometimes I look at IT job postings; I don't see a way of developing the required patronage for my art.
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I have inadvertently become a subject matter expert in the engineering efforts that create permissionless blockchains. It's an unfortunate side effect from me selecting projects almost entirely based on personal interest, as opposed to more reasonable things like upside potential
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I've been saying this for years. The validator set must be strongly aligned with the issuer of the asset in ways that are not currently possible on any smart contract chain. Cosmos Hub is the closest to realizing this ideal, ETH1 + Optimism is in second. Who else is in the race?
If you're launching an asset consider picking your favorite platform: Elements, Ethereum, etc and launching your own chain, instead of waiting on Ethereum 2.0 (or many of its competitors with the same idea). Assets are centralized around the issuer you don't need decentralization
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Providing communities with the agency to create their own economies is what I'm working on.
Ideally, blockchains help a lot with this, but because of data availability issues, it's nearly impossible to meet that Ideal.
End-users who wish to transact directly need watchtowers.
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Why did I buy a bunch of source code and problems instead of a lambo?
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Guess what, the protocol engineers who wrote TCP would not be useful in writing a react app, and vice versa, they aren't transitive skills. People had been hacking on cryptocurrencies for decades before Bitcoin. We should expect working PoS to take decades, not months.
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