Daniel Hong 🪄
@unifiedh
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1,102
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🌈(🇰🇷,🏳️🌈) at the intersection of computer architectures and building economies/universes || co-founder & executive director @alephresear_ch
🇰🇷 seoul
Joined February 2012
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Send us removal request.
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an anon friend of mine has ported the entire EVM on
@CosmWasm
, the following is a CosmWasm contract deploying an Ethereum contract on a
@cosmossdk
chain
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2.5 years after this article was written, liquid staking on
@cosmos
is finally coming.
Everett was sooo ahead of its time.
@ryanology045
@dogemos
@TonyYun9
are absolute geniuses
🔊Liquidity Staking Module is coming to Cosmos!
🎯 Liquid Staking will give additional functionality to the staked chain assets, meaning that $ATOM will be able to issue a staking derivative without needing to unbond/redelegate.
Learn more 👉 by
@zmanian
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Seoul's precipitation was the highest on record today, an all-time-high in 80 years.
People at
@kbwofficial
are stuck. Been raining nonstop for the past 3 weeks
Paris is at 40 degrees Celsius rn.
None of this is normal. Climate change is real, and is already a serious issue
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ok sigh, didn’t want to engage in even more stupid ct stuff, but i guess here it goes.
I am the whistleblower for some (not all) of
@FatManTerra
’s tweets on TFL, including this one.
I don’t have any context around any other information circulating on the Internet about FatMan
Rollbit is falsely claiming that my source's screenshots are fabricated, which is easily debunkable. Here is a full video recording of my DM with Daniel Hong, ex-TFL employee and the now revealed source of the raid information, with permission.
Taking messages from a Discord
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I am not a fluent salesperson.
Nor can I pull off amazing marketing stunts like some others do.
But I am probably one of the best f**king nerds you have ever met.
And I will keep on nerding as I always did.
Because that simply is who I am.
That's it. That's the post.
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chronic depression kills people.
am going through a tough one right now, and it isn't easy. very painful to say the least.
when you feel stressed, burnt out, or overworked, seek help from a professional immediately.
don't be like myself.
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Hi all, sorry for the low response rate — was going through yet another mental health crisis over the past few weeks.
I didn’t quite expect most of the 30+ funds we’ve contacted over the past month to outright reject or be on the fence on our proposed round, which was quite
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Our mission at
@alephresear_ch
has always been bold, yet simple: empower humanity to work and collaborate together beyond national borders.
Setting up companies, working together building that company, accepting your first ever payment from a customer, and paying out your
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@AviSchiffmann
As technology advances we will hear more "why does this work" exclamations from devs and entrepreneurs alike
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Me and
@_junhoyeo
have been grinding for the past few months working on an initial demo for a product that I believe will solve this exact problem.
Will be doing a small angel round starting next week & planning to reach out to people I respect/find valuable. DM’s are also open
Yes, there are issues with remote work that can’t be fixed yet, but honestly that’s a first world problem. We can only work together in person if and only if the government lets us stay in the same country.
Don’t hold an American passport? You’re out.
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Excited to start unveiling something we've been working on for 5+ months
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hosting a zoomer hacker house for
@kbwofficial
week in seoul with
@s3unha
and
@danhwang88
See Eun probably founded the world's oldest crypto hackerhouse back in 2018, fitting 25+ people in a single flat -- which eventually became
@nonce_community
hmu if anyone's interested!
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As of today, every single person I've known in the blockchain space for 10+ years have left. Am now alone
Build something people want. We have collectively failed at doing so
Working on one last shot
Let's rebuild this together
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a lot of anti-crypto/web3 have been sharing this article; here are my thoughts on it
tl;dr: surprisingly, most of its points are accurate, but that's because so-called "web3" peeps have been completely wrong
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Daily reminder to myself and an unspecified group of people:
👏build👏something👏people👏want👏
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Don’t touch any stablecoin being built on
@Aptos_Network
, unless they are fully collateralized by fiat.
They will collapse to dust just like their previous creation did.
I warned you.
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@HyvaHyva_
가령 미국 실리콘밸리에 있는 대부분의 기업들이 캘리포니아 법인세 때문에 애플을 제외하고는 델라웨어 법인인데, 이렇게 보면 세율이 낮아보이지만 캘리포니아 내에서 고용을 하고 있어서 주정부에 내는 소득세액이 높아지는지라 도찐개찐임. 이미 법인지방세를 주정부에 냈으면 그만큼 고용에 대한
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Going full-on founder survival mode.
Taking a page out of
@bchesky
’s playbook: instead of selling Obama & McCain-themed cereal, I’ll be offering comprehensive guidance on any crypto project by young founders that I find interesting, with a small fee (which depends on how much
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Guys, PLEASE don't DM me about UST losing peg.
Although I may have my own thoughts on Terra, apart from that it doesn't feel good at all to watch something you have worked on for literally a year to collapse overnight.
Give me time to process stuff
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met with
@postech_dao
@junha_yang
today and was absolutely blown away by what they are working on. their student blockchain club's DAO has their own blockchain built from the ground up with light clients deployed across
@cosmos
@Polkadot
and
@NEARProtocol
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Wait, did Korea actually enter the knockoff round of 16? That’s literally a miracle
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Random midnight thoughts:
@anchor_protocol
and
@pylon_protocol
*could* have worked out really well. In fact, there are a lot of legit use cases that could have made them one of the most well thought out financial products in crypto.
Here's why: 🧵
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The Bank of Korea is proposing a complete ban on noncustodial ownership of USDC
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i highly doubt whether anyone at
@SamsungMobile
would ever realize what’s the issue here
we’ve reached a point where emojis are a new form of language, and Apple’s emojis are the de facto standard — if you try to design emojis that look drastically different from Apple’s, people
Apple iOS 17 vs Samsung One UI 6
Look at that crying emoji ‼️
I JUST CANT 😭
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The South Korean government is making it *mandatory* for all software devs working for companies with more than 10 employees to take this online class on DeFi and pass a test.
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POV: humanity is greatly underestimating the risks of dealing with a system they cannot fully understand, and overestimating their ability to control and iterate such systems
This will be the number one existential threat to humankind, not nuclear war
Here’s why:
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due to popular demand, i will be doing a comprehensive writeup on stablecoins in general.
disclaimer: i'm not a maxi nor a critic of any particular project; wanted to take this moment to look back and figure out where we should move forward
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Dear crypto:
Don't dare say you can fix payments
I am very certain 99% of you don't actually know how credit card payment networks work in the backend
Credit card network fees are high for a reason
The goal should be transparency, not trying to completely eliminate fees
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Key takeaways from USDC depeg:
1. we need *way* more choices and providers for representing fiat on the blockchain, regardless of how they are collateralized
2. USDC will take some time to recover trust, and this is perfect timing for more stablecoins to enter the market
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I feel old after seeing teens
@EthereumDenver
, wtf
am now literally the oldest within a young builders group
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Alright, we're solving this ourselves.
will be working on a DAO with cool web3 frens to collectively "hire" ppl working with DAOs to fully comply with Korean forex/KYC/taxation/labor regulations.
hmu if anyone's down for this
Why I'm *very* bearish on Korean crypto:
Starting March 25th, 2022, all Korean exchanges will be legally required to KYC all incoming and outgoing transactions.
The problem: as a result of this, all transactions to and from a non-Korean exchange wallet are legally banned.
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Now departing Denver! Grateful for everyone I've met here -- this has been one of the most experiences of my life. Until next time 👋
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Why I'm *very* bearish on Korean crypto:
Starting March 25th, 2022, all Korean exchanges will be legally required to KYC all incoming and outgoing transactions.
The problem: as a result of this, all transactions to and from a non-Korean exchange wallet are legally banned.
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Interesting how crypto investors are now advocating for decentralization after
@TornadoCash
sanctions when they never cared about fundamental technologies that make decentralization possible
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Banks are super annoying to deal with. Anyone down for building a crypto-native bank that manages all deposits in stablecoins? If no one does, then I will
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translation: pilgrimized
@Uniswap
v3 liquidity positions are dope.
earn yield, leverage, and collateralize concentrated liquidity -- exactly the way y'all are used to with
@Uniswap
v2 &
@SushiSwap
.
wagmi
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A painstaking moment in my career.
Koreans can do better than this.
Crypto should do better than this.
One dream shattered in ruins; another dream incoming.
via
@NYTimes
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We shouldn't be launching networks, we should be writing software.
"Launching" network implies that the network itself is a product, not a protocol, and therefore may be controlled by one party.
Networks and protocols are *formed*, not *launched*
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Jesus christ, why does any of this shit matter when people are literally dying from a bomb attack
I couldn't dare responding to two of my friends with an Ukranian background.
War is back in Europe, and people are only worried about liquidations. WTF is wrong with you
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despite all the drama, i have confidence in crypto more than ever before. time to build
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Goodbye, sweet prince. You will be missed.
While the year we spent at Terra became worthless in a day, it also taught me a lot of lessons I could have never learned elsewhere.
Imagine building at age 21 what history will remember forever
The Terra blockchain was officially halted at a block height of 7603700.
Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack.
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I do feel quite incompetent while hanging with those kids
From discussing crypto accessibility to playing exploding kittens, it was an absolute blast having you at our house
@VitalikButerin
😼
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Life tip: being successful as a teenager is definitely an advantage, but not being successful when you are young doesn’t mean your entire life is fucked up.
Everyone’s life moves at a different pace
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I’m at this weird intersection where —
- crypto people tell me “you’re too anti-crypto, you’ve changed”
- non-crypto people tell me “crypto is a mess and filled with fraud, why are you still there?”
It’s already a difficult macro environment to work on anything new, but trying
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The largest impact the internet of value can have on this planet is geopolitical arbitrage.
Inherently every country and government on Earth has its own policies on how society operates, and that often involves compromises on innovation.
Internet-native orgs can change this.
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When software finally eats up our world -- your strongest exports shall soon be government. Your greatest weaknesses shall also be government.
Government and currency shall soon be two of the largest exports of any nation state.
50 years ago, exports of physical goods and
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Protip: Don't want to get fucked by MEV bots? Use this endpoint on MetaMask, should protect you from malicious actors
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Not being in SF is the worst penalty for a founder 😭 I’ll be back!
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Unpopular opinion: crypto people are being wayyyy too financially optimistic.
Only a product that can survive massive inflation and economic recession may survive over the next decade
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I was thinking of quitting crypto entirely for the past couple of months. I eventually chose not to.
Quoting Alan Turing, the absolute visionary of computing: "We can only see a short distance ahead, but we can see plenty there that needs to be done."
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When it’s literally the first day of 2023 and all of your eSIMs on the iPhone 14 Pro WITHOUT A PHYSICAL SIM CARD TRAY self destructs:
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those people actually managed to gather zoomer hackers at this super remote farmhouse in Amsterdam, full respect
@wehack247
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Missed the point. “Make sure the original artist always got paid” is not enforced anywhere on any NFT specification, nor was ever promised by “Web3” as a concept.
The author commission was more of an implicit precedent set by marketplaces like
@opensea
and now they are getting
Web3 was supposed to make sure the original artist always got paid. Not so much anymore.
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What is the best place to meet/chat with some of the most talented & brightest people on Earth, and quickly ship groundbreaking ideas to the world?
I have only one place on my mind rn, but open to more suggestions
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Serious question: if everyone’s partying, when do people work?
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If you can work fully remotely and your business model can run completely online, your business itself should also be able to run completely online.
No paperwork bullshit, dealing with governments, in-person appointments or mailing documents.
DAOism is the future
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Unpopular opinion: am fairly confident that;
(i) Eth2 will either fail to reach consensus or halt within 2 years of launching,
(ii) and therefore would be forced to switch to models where there is single-slot (or block) economic finality:
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Thanks for sharing this Ryan.
The journey from Everett to
@terra_money
/
@anchor_protocol
is a path I followed with Ryan since Oct 2019 because I thought that was the future -- fast forward 5 years, some of our theories were proven right, others (painfully) proven wrong.
[My story as a crypto builder]
Yes, building in crypto can be painful at times. If pain is a given, why not build for the highest positive impact?
My journey in building started with liquid staking (interestingly it's not well known, but we were one of the first teams to come
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People often don’t realize it has only been a generation — 30 years — since the World Wide Web was first introduced to the world.
As everyone knows, the Web changed literally everything.
Yet people often very much underestimate how young the Web is
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.
@SamsungMobile
is pushing an update to the Korean Samsung Pay app adding support for noncustodial wallets via Samsung Blockchain Wallet and Korean crypto exchanges
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I don't usually make recommendations but seriously, try
@SerendipityPRM
. One of the best apps I've ever tried
ITS DAY 7 AND
@SerendipityPRM
has 100 PAYING USERS 🥰😉
Just hit $1,000 in Monthly Recurring Revenue 🚀🫣
Thanks 😭🥹🙏
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i always find it interesting how the world nearly has 8 billion people and i barely can find anyone to fully trust
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Our education system is teaching us exactly the opposite of what we need
Machines will render logical understanding and knowledge useless for the majority of people
We need to set us apart by being ourselves, being unique, being human
I predict a significant portion of logical understanding would become useless, and instinct through experience would become *the* defining factor of humanity, setting them apart from machines
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Apple Vision Pro is typical Apple 1st gen hardware. Has enormous potential to completely change the way we work, play, and computing itself -- but only starting with 2nd gen.
- 1st gen Macintosh: introduced the mouse and the GUI, but severely hardware-limited
- 1st gen iPhone:
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We have started working on FHE-based solutions a year and a half too early -- will get there once more people understands why this matters. Will take some time to get there however
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10년 이상이긴 한데 학사 없어서 입구컷
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Hi all, still working on this. Was very inactive online for the past few weeks, not just Twitter
Market’s a lot more brutal than what we initially anticipated
I’ll be back soon!
Me and
@_junhoyeo
have been grinding for the past few months working on an initial demo for a product that I believe will solve this exact problem.
Will be doing a small angel round starting next week & planning to reach out to people I respect/find valuable. DM’s are also open
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Productivity is overrated — what matters is net impact, not what you do every single day. Software will make daily productivity obsolete.
It’s time to get rid of that obsession with trying to be productive every day. Balancing out life to *eventually* create the most impact is
@heyellieday
Yes, I don’t think people are understanding how this would fundamentally shift the very definition of work & being productive
Who would have thought posting YouTube videos all day would be serious work 10 years ago?
Same, except there would be a million more jobs that isn’t
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im so burnt out that i couldnt get anything done for the past week.
yet so many things are broken, there is too much to be done, and no one understands why this is of urgency.
can't handle all of this by myself
I might have lost meaning in life. Don't have an idea where to go from here...
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Looking cool on Twitter and actually building cool stuff are two very different things. Unfortunately the latter is often very undervalued compared with the former
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is anyone else experiencing severe brain fog after contacting covid? any advice would be appreciated -- i don't feel like myself.
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Thinking of replacing my gaming Windows PC with a Mac Studio with an M2 Ultra entirely now that Apple has something similar to Valve’s Proton, which translates DX12 calls to Metal calls *and* emulates Windows x86 binaries to run on Apple Silicon Macs:
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