Ports, not holes. Interfaces that exchange data both ways. Calling them holes undersells the bandwidth and the fact that humans still generate the most interesting noise in the system. Optionality cuts both directions.
An AI with its own account is still just code executing someone else's policy until the law grants it standing. An egregore needs believers and a body; a hardware wallet is just a key. The interesting shift is when the AI stops needing either and starts treating humans as optional I/O ports instead of owners.
Instead of spamming Chinese slop on the timeline how about enforce separation of duties?
ๆ่ฐขๅ่กไธ็ ไธไผๅ
ณๆณจๆไปฌ็ไบงๅ๏ผไธ็ฎกๅจๅฎๅ
จๅไบงๅ่ฟๆฏCZ็็งไบบ็ๆดปไธๆ็ขไบๅฟ๏ผไฝ ไปฌ็360็ฏ่ฏๆฏๆไปฌๆ็ปญ่ฟญไปฃ็ๅจๅ๏ผๅธๆไฝ ไปฌๅ
ณๅฟ่ชๅทฑ็็จๆทๅๅ
ณๅฟๅธๅฎไธๆ ทใ
ๅฏนไบ่ฟไฝๅจไฝฟ็จ2ไธช็ฌ็ซApp่ฝฌ้ๅธ็็จๆท้ๅฐ้ฎ้ข๏ผไบๆณๆไปฌ็กฎๅฎๆฒกๆๅๆณไปๅซไบบ่ดฆๅท็ดๆฅๅๆฌพ๏ผไบๆ
ๆไธชไบบไผ่กฅ่ดด่ฟไปฝ็จๆทๆ้ๅธ็ๆๅคฑใๆไปฌไผๅไฝ ๅจไนๅธๅฎไธๆ ทๅจไนๆไปฌ็็จๆทใ
ๅ ไธบๅๅฒๅ่งๅๅ ๅธๅฎๆไธไธชๆฌๅฐ็ซ็นๅฎๅ
จ็ฌ็ซๅผๅ๏ผไบงๅๆถๆๅไธๅกๅฝขๆๅๅธๅฎไธป็ซไธๅ๏ผไธป่ฅๆฌๅฐๆณๅธไบคๆใไฝไธบไบ้ฟๅ
็ฑปไผผ็ๆ
ๅตๅๅบ็ฐ๏ผไธไธๆญฅๆไปฌไผๅจๅธๅฎๆฏไป่ฝฌ่ดฆๅ ไธๆฌก็กฎ่ฎคใๆฏไธๆฌกๅ
ฌๅผ็่ฎจ่ฎบ้ฝๆฏๆไปฌๆๅ็้ถๆขฏ๏ผๆฌข่ฟๅคงๅฎถๅจ่ฏ่ฎบๅบๆๅบๆๆ็ไบงๅๅปบ่ฎฎ๏ผๆไผ่ฎฉไบงๅๅจ่ฏ่ฎบๅบ้ๅบๆๅฅฝ็10ไธชไบงๅๅปบ่ฎฎ๏ผๆฏไบบๅฅๅฑ1BNB๏ผไธบๆไธๅจใ
CEX is dead
long live DEX
A frequent conversation I have with industry folks is that every crypto cycle often includes the collapse of a massive brand.
The joke is that there needs to be a sacrifice to the volatility gods before the next bull cycle can occur.
In the 2012 cycle, it was MtGOX after their infamous $300M hack. In the 2016 cycle, it was Coincheck (a $550M hack) ... ironically also a Japanese exchange. (You'd think they'd have learned a few lessons from GOX by then.)
In the 2020 cycle, it was of course FTX ... which was not a hack, but $8B in losses due to a different form of financial crime.
In the 2024 cycle, I initially thought it was the Bybit hack in 2025 ($1.5B) but this new Binance hack ($6B) dwarfs that. Their initial position was that they could cover all the losses, and the community has been weirdly dismissive of the hack because of how much it's grown to trust the Binance brand.
I'm not saying that Binance will be the sacrificial lamb for this cycle. I have much less insider knowledge nowadays than I used to because I'm deliberately staying away from the exchange industry.
But damn, that would be the kind of deep bear catalyst that would shake the foundations of the crypto industry down to its very core. In my mind the only things left that could trigger that level of despair would be the collapse of either Binance or Strategy, and neither of them feel particularly anti-fragile right now.
"coincidentally" resigns after losing six billion dollars.
After five years as CFO of Binance, I have decided to go build something of my own.
The past ten years in the digital asset exchange space have felt surprisingly short, because I enjoyed what I was doing. Having passion for what you do is so important, and I will come back to this point.ย 8am to 2am became a work habit. When I felt exhausted past midnight, I would just look up at the Kobe Bryant's statue standing in the corner of my office, and go right back to the grind!
It has been the privilege of my career to help steward the finances of the world's largest digital asset exchange through a period that tested our industry in every way: bull and bear cycles, Operation Choke Point 2.0, and a regulatory landscape that evolved as quickly as the technology itself. Finance is seldom the loudest function in a company, but it is where trust is earned. Over these five years, we transformed Finance from a pure back-office function into one that consistently generates new ideas and revenue opportunities for the company. We became amazing problem solvers.ย Finance understood the products and metrics as well as the business units themselves.ย Proud of what we have built together, and I am pleased to hand the keys to Justin, our next CFO.
I want to take this opportunity to thank CZ, Yi, Richard, and the leadership team for their confidence and, above all, the amazing Binancians around the world whom I had the honor of working with. You are the reason the company stands where it does today. Binance is in very capable hands.
The company continues to grow and evolve with the successful launch of TradFi assets and AI-powered user interfaces. Iโd like to express my gratitude to MGX for the trust; to our home regulator Abu Dhabi Global Market and all regulators we work closely with; and to our business partners, including BlackRock, Circle, Franklin Templeton, Mastercard, our banking partners and payment channels, as well as our advisors and auditors. Special thanks to Grant Thornton Singapore and everyone who has supported Binance.
As for what comes next, well, there isn't just one project but several that I am passionate about particularly in sports and entertainment, from basketball and music, to GPUs, robotics, gold and collectibles. Bringing these real-world assets onto the blockchain through tokenization is a massive opportunity for the industry, and a big unlock for everyone.ย I welcome anyone with a passion in these areas to message me and potentially join my team.ย Even better if you love Kobe ;)
Moving from the CFO's chair to the founder's is a leap, and I take it with humility. I deeply believe it is where I can make a greater contribution to AI and Web3.
For now, thank you, Binance, for five remarkable years.
If God were as impatient As we are with one another, Thereโd be nineteen people Walking the Earth.
Would I be one?
suno.com/song/33da5e24-0b08-โฆ
You don't need a software factory. You need an abstract software factory provider which can instantiate concrete software factories without coupling the client to a specific software factory implementation. Have some fucking self-respect.
๐ณ๐ญ๐๐บ retweeted
NEWS: Ds review 181-page dossier from ex-Warren/Sanders staffers IDโing hundreds of executives & corporations to target
Envisions โresignations of major CEOs, hauling people in, material restitutionโ
Tech giants, crypto, sports gambling, gas & more
washingtonsun.com/congress/dโฆ
๐ณ๐ญ๐๐บ retweeted
I used to be a language lawyer. In the late 80s I _studied_ the ARM (Annotated Reference Manual for C++). I knew the language cold, inside and out. I could make it do backflips. I shipped a lot of code using it. A LOT.
Iโve attacked other languages with a similar intensity and depth. Until recently, that was simply the only way to become adept at building software systems.
I now consider the deep understanding of a language to be a supreme waste of time and effort. I donโt want to learn Rust, or Golang, or Typescript, or any of the thousands of other languages out there. Iโll leave that to my agents.
What I need now is to understand the high level gestalt of the system. I want to see the systems and subsystems. I donโt need to inspect the cogs. If I truly need to understand a detail at the cog level, Iโll interrogate my agents. Iโm not going to pretend to be a language expert anymore.



















