Nate Levine
@n8levine
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cofounder & chief bit twiddler @ColosseumOrg . prev: crypto engineering & API Platform @stripe . all opinions just temporary contents of consciousness
Austin, TX
Joined April 2014
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Pinned Tweet
It’s hard to overstate how excited I am to be building Colosseum alongside
@mattytay
and
@crabbylions
.
Put simply - our job is to accelerate crypto’s impact on the world starting from the very earliest stages. More builders -> more products -> more use cases. 🧵
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Interrupting your regular Hackathon news broadcast to say that Colosseum is hiring!
If you're a killer full-stack dev, interested in crypto + company formation, and have a compulsive habit of shipping quality code, please reach out or apply below:
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Insanely bullish on this group of legends, and the companies that get to learn from them
1/ Announcing Colosseum’s Accelerator Mentors 🏟️
After the
@Solana
Renaissance Hackathon, winners will be evaluated for our startup accelerator.
Up to 10 of the teams will be accepted and receive $250k in funding, 1:1 support from Colosseum, guidance from the mentors & more.
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I don’t think it’s controversial that there will always be applications pushing the extremes of what current infra can do. And when that happens they will want custom solutions.
DRiP is doing this on Solana. Google outscaled traditional web infra and therefore built their own
Why does
@vibhu
want rollups & modularity for Solana?
Same reasons we've been saying all along:
- Lower fees & less competition for blockspace
- Own the economics of his application
- Customize his stack w/ the right tradeoffs for his use case
No surprises here.
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@GrennHouseGas
@3orovik
@sassal0x
Really? How many execution environments do you need on your laptop for all your use cases?
How many execution environments do developers need for 80% of public internet infra?
OS’s proliferated and then condensed down to just a few. Same is already happening with blockchains.
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@juanesbravoa
@alexandr_wang
I don’t think those positions are contrary at all. If he’s saying wealth transfer is the most significant feature of crypto so far- that’s a pretty big fail for DeFi in the grand scheme of things
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Come join me,
@n8lavine
, and get answers to all your questions about how to win Solana Renaissance 🙂
Solana Renaissance Hackathon tips AMA
Join us today, Mar. 5, at 10am PST for an X spaces AMA with:
-
@mattytay
,
@n8lavine
, &
@crabbylions
of
@ColosseumOrg
-
@austin_federa
&
@therealchaseeb
of
@SolanaFndn
Set reminders & drop your questions below👇
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@cburniske
is a legend for this thread, written a year ago. It all still rings true, and the one downside he flags - potential rockiness with builders leaving during a bear - has not played out. Highest # of submissions ever in the last Solana hackathon 🤯
1/ Still longing $SOL while haters spinelessly pile onto the downside momentum. When
@solana
recovers, it's not me that will be haunted by the thought, "Instead of jeering, I could have been buying $SOL ~$10."
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Something that’s not intuitive unless you’ve worked on high-scale production systems is that delivering the same exact experience to 10K users vs. 10M users vs 1B users can look like VERY different systems.
Scalability, i.e. how many users you can serve at once, is itself a
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So glad all the money I lose trading JUP perps will come back to me via future Airdrops
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Performance problems might be fundamental architectural problems, but often they are not. Unless you're the one sitting down and reading the code, you probably should not have an opinion on that
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Very well said. And I think the “more websites is better” framing is actually even more disingenuous than Sam puts it, because most L2s are offering the same exact set of features, competing for all the same users and developers. Not adding unique value by any means.
I don’t
@RyanSAdams
I totally believe that the Ethereum community will come up with effective schemes to reduce the pain of fragmentation--lots of smart folks like Justin working on this. But my point in this post was that:
- I think we should acknowledge fragmentation as a problem to be addressed
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@ColosseumOrg
@skyL2023
@calilyliu
@aeyakovenko
Sorry about that
@skyL2023
. Looks like there was a bug with the post modal in certain cases, but it should be fixed. Give it another shot now
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@player2moo
@mattytay
@crabbylions
It represents the spirit of competition, and also since crypto is so global we wanted a global symbol that everybody could recognize
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Watching an AI effortlessly write the most complex multi-line RegEx from my 20 IQ prompt is somehow the most visceral proof they’re already smarter than us
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@amarildo_gr
@build_squad
Actually have considered this, and may open source the platform in the future! Right now we’re just 100% focused on shipping and refining Colosseum’s direction though
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@therealchaseeb
@_matt_xyz
@mattytay
Yep, sorry this is confusing. The countdown timer is the source of truth here!
The one on the banner is localized to your browser’s timezone. We def need to get better at communicating this since many people are not on PST
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Many beautiful conceptual models don't survive their first contact with reality. To bring something tangible into the world, those models must be tested as early and often as possible
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🥲 big proud
"Our API reliability is now consistently in excess of 99.999%, and, during the peak week of , exceeded six nines (that is, 99.9999%),—the equivalent of around 600 milliseconds of unavailability."
John's and my 2022 annual letter for Stripe: .
Topics covered include:
• The increase in startup creation rates.
• Trends in startup hubs.
• The perils of "low-revenue mode".
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O lord just realized I’m underallocated
I keep asking folks for actual business or consumer applications that would justify solana being worth [ checks notes ] $46b (!!!) and no one can name a single one that has any scale.
What are solana’s revenue or earnings?
This isn’t financial advice, but if the market cap is
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🤯
1/ 🎉Introducing Solang: Building on Solana with Solidity
Today,
@solanalabs
announces Solang, a compiler enabling developers to write smart contracts on Solana in Solidity, the primary programming language of Ethereum.
Learn more👇
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@ryanberckmans
But in that world where am I as an average user going to exit to? Or what exactly am I excited to interoperate with? Only other corporate owned chains? I don’t think that’s an exponential improvement on what we have today. And not a compelling vision for the future of crypto imo
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@aeyakovenko
@creativedrewy
@italoacasas
@RyanSAdams
For the marginal developer who has never built on a blockchain before, the exchange rate from their local currency to ETH or SOL determines their cost to transact (let's say deploy a contract). Isn't that
@italoacasas
' main point here?
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I don’t know if I agree, but “Relationship status: Singleton” is killing me 😂
The most effective software engineers I know always had a tendency to revert to writing "C" style code.
Nothing seems to come close in terms of readability / maintainability.
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Amen. And the most humbling part is that finishing a migration like this is typically just the starting point for delivering anything of value to users
There are few projects more humbling than a multi-year migration. Eg breaking a monolith using one language to smaller services using another language/framework.
These are both thankless projects, challenging, and risky if not done properly.
And it rarely starts as multi-year…
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Hackathons, an online accelerator, the best developer community in crypto - how can technology amplify this and make it better for everyone involved?
is our answer, but it’s just the very start.
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👀
Just tried the first production version of something that we've been working on at Stripe for several years. You never really know how good something like this is going to be 'till you see the pieces come together, but this... this is going to be great.
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Blast has an amazing opportunity here to find out just how much consumers give a shit about decentralization. I hope they take it 🍿
Pacman and Blast's next move will be interesting.
They could upgrade the bridge and prevent the hacker from moving $62M, but ruin all perception of decentralization.
Or they let it rock and their users eat a $62M loss within the first month of launching.
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I’ve spent my whole career as a builder, and though a big part of Colosseum’s value is in venture investments, I don’t ever plan to give that up.
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@kelxyz_
Not quite apples to apples. Stripe is built on centralized cloud servers. They do have some scaling bottlenecks, but can largely scale horizontally as much as needed by just throwing money at the problem. On top of that, this is likely just pay-ins volume, not API vol. overall
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@7LayerMagik
hard agree. similar to how ecomm companies spend months doing internal stress tests for the holiday season. Blockchain dev teams should do the same before bull markets
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What is the point of track lighting?? Does anybody actually ever move their lights along the track once they’ve been installed? I don’t think so.. Please somebody help me understand this modern mystery
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Stay tuned, and sign up if you haven’t yet! Lots more coming your way soon. Not to mention a hackathon in March 👀
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@mattytay
@Harri_obi
@_officialhorla
@hackSultan
@call_me_ossy_
@solana
Very weird. I did a bit of digging, and found some recent reports of sites hosted on Vercel (our provider) being blocked by a Nigerian network. Any chance that could be related
@Harri_obi
?
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this makes me want to cry
crap, someone on stack overflow is convincing me that SQL column prefixes are actually good.
i hate that i’m coming around
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@CloakdDev
@Austin_Federa
@solana
@SolanaCompass
@JupiterExchange
@weremeow
@triton_one
@heliuslabs
@CloakdDev
where can I find that data?
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Enterprise Java devs 🤝 Sui Move
😅
The bet on
@SuiNetwork
is a simple one.
It's a bet that developers will value tangibility over intangibility in an ever-increasingly digital world.
I've posted about this a few times already, but I haven't been able to stop thinking about digital tangibility ever since I
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@7LayerMagik
Makes sense. Not sure how feasible with Solana, but with web2 infra a lot of load testing happens in prod since it’s difficult to completely mirror envs and their configs (including scale as a config here- in this case smth like number + diversity + distribution of validators)
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@QwQiao
How many apps need a high degree of customizability that is worth running their own chain? Maybe I'm missing something, but really don't buy that thesis
dYdX didn't even do it primarily for the reasons you're talking about:
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@sphere_labs
@zackhargett
@crossmint
@mercury
@midjourney
@anduriltech
@turnkeyhq
@Replit
well deserved!
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@ryanberckmans
> Corporations, governments, and other entities have strong incentives to run their own chains.
Maybe so, but these are incentives that are very much at odds with the user’s best interests, and in many ways are why the Web2 internet is the way it is today
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@SendGridSupport
our account with active marketing and email API subscriptions was suspended with no warning this morning, breaking a number of core features in our app. Still waiting on a support ticket response
Our platform email provider
@SendGrid
unexpectedly suspended our account. So Colosseum signup, hackathon registration, and project submission confirmation emails are not being sent.
We are integrating a 2nd provider asap while we try to contact
@SendGridSupport
. Apologies!
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No matter what chain you like or what chain you hate, can everyone just acknowledge how ridiculous the level of misinformation is in this space?
In no other part of tech are there so many blatantly wrong assertions made about fundamental details of the technology coming from
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💀
Say what you will about Gary, but if crypto had PR this good, it too would be a $50 trillion market
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@player2moo
@mattytay
@crabbylions
We’ll be doing a lot to ensure no project associated with the hackathon / accelerator ever rugs. But ya it’s definitely a tough problem to solve across the board.. funnily enough you still end up needing a ton of trust when the financial systems become trustless
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@CryptoTPoints
@bgilliam1982
why in the world would Visa not care about fees? They operate in a high volume, low margin business. If anything they would care about fees more than many other players
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🤯
He lost everything… can he make it all back?
Watch till the end to know...
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It’s crazy that electric vehicles and high performance L1s are good investments for the same reason ⛽️
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@julienchien
Yeah it’s been great! If you wanna know more (or just catch up), let me know! happy to chat. I don’t even get a referral bonus 🙂
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@KayZizzle
@ColosseumOrg
Yep that’s a great suggestion, and I think a couple people have asked for it too. Will put it on the roadmap
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This is true, but it exists on a spectrum in every company and org, even the smallest ones. Larger orgs have higher coordination costs, but also more resources to get things done. If overhead cost starts to outweigh the leverage of more resources.. then you have a problem
Engineering is orthogonal to the skill of getting things done at large orgs. It’s actually closer to sales — your job is to demonstrate value to those in your way and to get enough momentum to make your project hard to kill.
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@DBCrypt0
@allnick
I see what you mean. From a pure technical perspective agreed that it makes more sense to compare high performance L1 vs. high-performance L1. I think there will always be an implicit comparison to ETH though as long as it has the most mindshare and largest developer community
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@TrustlessState
SOL is the best shot this whole industry has rn at building applications benefiting more than just the niche online degen use cases
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Huh, wonder what Larry Page knew about developing internet infrastructure.
Latency is not just a linear function for user-facing products. If your software is too slow users will leave. Then latency goes to infinity and reliability to zero 🙂
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