Universal burn vote passed!

If no special surprises I expect mainnet extension burn (formerly subnets) CIP to land next week. As we say in $CC land “burn baby burn!”

@CantonFdn & @digitalasset at the Korean National Assembly!

Almost 12 years ago, I left @DRWTrading with @wesarn_real to start @digitalasset. @ShaulKfir joined us shortly after. The name felt right. The idea was simple but audacious: build a global settlement system that is asset agnostic. One that doesn’t eliminate banks, exchanges, and intermediaries, but tears down the barriers keeping people from accessing assets and settling at a fraction of today’s cost. A new financial world, built for the end consumer. We knew institutional adoption was the path. We just didn’t know how long it would take. We failed. We made bad decisions. There are things we would have done differently. But we never let go of our North Star, even when people around us were convinced we had no idea what we were doing. That focus, conviction, and most of all, patience, led us to launching @CantonNetwork. And the results speak for themselves. Today is a new chapter in that story. I’m proud to announce that @a16zcrypto is leading our latest round, joined by some of the giants of the global financial system, including @ABNAMRO, ADIA, @apolloglobal, @BNPParibasCIB, @Broadridge, @citsecurities, @CMEVentures, @cbventures, Green Wolf Asset Management, @Hanwha_Official, @HSBC, @icapitalnetwork, @LCVentures, @OptiverGlobal, @polychain, @R136Ventures, @SPGlobal, @sbigroup, @smash_capital, @SoFi, @Tradeweb, and @WilliamBlair, and others we’ll be naming shortly. Twelve years ago, I could not have imagined building alongside partners of this caliber. $CC today processes the highest fees of any institutional blockchain network. And we’re just getting started. What’s coming later this year is just as exciting. None of this happens without the builders, the ones who show up to weekly tokenomics meetings, dial into operations subcommittees, spend nights and weekends building apps on Canton, and show up on @X to cheer this ecosystem forward. You are not just supporters. You are partners. I’m honored to be on this journey with you. On a personal note: @a16z hits differently for me. Ben’s book The Hard Thing About Hard Things was one I kept coming back to during the hard stretches. Having his firm lead this round is meaningful in a way that’s hard to put into words. So I’ll let him do it: “The hard thing isn’t setting a big, audacious goal. The hard thing is spending sleepless nights trying to achieve it. The hard thing isn’t dreaming big. The hard thing is waking up in the middle of the night in a cold sweat when the dream turns into a nightmare. Motivating yourself by watching YouTube shorts or Instagram reels isn’t the hard thing. The hard thing is working every day and being consistent even if you feel like shit. The hard thing isn’t boasting you could achieve anything. The hard thing is working like hell to achieve something. The hard thing isn’t believing in yourself. The hard thing is getting things done when nobody believes in you, even when you doubt yourself. The hard thing isn’t telling yourself that you must achieve the impossible. The hard thing is toiling hard every day for years despite knowing that success is too uncertain.” theblock.co/post/404386/a16z…

Oil has value because people use it! canton-network:native

The only honest people about absolute permissionlessness are Bitcoiners. They wanted to solve a specific problem and stuck it through the test of time. If you’re into RWAs (we are and always have been and are unashamed of it) and claim to be all about absolute permissionlessness, you’re just being dishonest to pump a bag and nothing else. Once you want centralized issuers to operate in your ecosystem in a way that works for their business, you start to compromise. Enjoy the coffee.

Screenshot taken. I dare you to say: “…the issuer cannot exert this control anymore” in front of one of your bank clients. Please. You’re saying I’m dishonest? You are either lying to your followers or you are lying to your clients because I can bet my life they wouldn’t be ok with what you just wrote. @DeutscheBank

This will be my last interaction with @paulbarron. He said in the beginning of his show something something about research. The guy clearly doesn't even know how to use Google Search. I will still say, he does a good job for his base. Good for him, but clearly he's not a good faith actor which is his right. Just not something I will waste time anymore.