Dan Robinson Profile Banner
Dan Robinson Profile
Dan Robinson

@danrobinson

71,874
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1,100
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357
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8,471
Statuses

coder / lawyer. research at @paradigm . dutch auction reply guy

San Francisco, CA
Joined March 2011
Don't wanna be here? Send us removal request.
@danrobinson
Dan Robinson
2 years
The most popular mechanism in DeFi
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@danrobinson
Dan Robinson
5 months
There are a lot of components of Blast that I’m excited about and would be interested in engaging with people on. That said, we at Paradigm think the announcement this week crossed lines in both messaging and execution. For example, we don’t agree with the decision to launch the…
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@danrobinson
Dan Robinson
6 years
We’re thrilled to release Ivy for Bitcoin: the first-ever high-level language and IDE for creating and using Bitcoin smart contracts
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@danrobinson
Dan Robinson
2 years
sorry, mom
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@danrobinson
Dan Robinson
3 years
Building some interactive demos to help teach Uniswap math. What do you think?
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@danrobinson
Dan Robinson
2 years
I know moderation at scale is very hard, but you would think that after 13 years they could implement basic heuristics like “don’t let verified accounts change their name and profile picture to match a different verified account”
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@danrobinson
Dan Robinson
3 years
Uniswap v3 is now public, after eighteen months of research and development: I think it’s the best DEX design on the planet. If you've heard me cryptically address a problem by saying that "Uniswap v3 fixes this," now I can finally explain why. 1/
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@danrobinson
Dan Robinson
2 years
Maybe we’d cut Putin off from the financial system if he did something truly outrageous, like supporting a trucker protest
@ErikVoorhees
Erik Voorhees
2 years
Apparently Russia's actions are so egregious that the West has decided to permit Russia to continue using the SWIFT Network.
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@danrobinson
Dan Robinson
4 years
Someone accidentally locked up some tokens in an Ethereum smart contract. @gakonst and I thought we'd found a way to recover them. We learned that the mempool is a very creepy place.
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@danrobinson
Dan Robinson
2 years
If your project is using token incentives, you should probably try removing them and see what happens. If your response is "but we're worried users wouldn't stick around"... then you should DEFINITELY try removing them.
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@danrobinson
Dan Robinson
2 years
Kinda relieved that DeFi hadn’t “figured out undercollateralized lending” for this cycle
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@danrobinson
Dan Robinson
2 years
Stop saying "tokenomics"
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@danrobinson
Dan Robinson
11 months
The Uniswap v4 whitepaper is now public: Uniswap v4 continues the evolution of Uniswap into a flexible platform for DEX innovation, with its support for permissionless deployment of new pools that use custom “hooks.” 1/5
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@danrobinson
Dan Robinson
2 years
If you work with Ethereum data, this tool might change your life: You can enter any contract address, and it looks up the ABI and generates queries that can be run on BigQuery to create parsed tables for each event or function call on that contract:
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@danrobinson
Dan Robinson
2 years
First page of every ZKP introduction: “Imagine you have a Where’s Waldo book and want to prove you know where Waldo is with a piece of cardboard…” Second page of every ZKP introduction: “If we replace FRI with pairing-based Kate commitments, recursive composition becomes…”
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@danrobinson
Dan Robinson
3 years
This interview answer from Bill Gates is extremely funny
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@danrobinson
Dan Robinson
2 years
Finally figured out how to use Twitter like a VC and it’s extremely addictive Might never go back to doing my own thinking
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@danrobinson
Dan Robinson
10 months
Five reasons I think UniswapX changes the game for decentralized exchange, MEV, and interoperability 🧵
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@danrobinson
Dan Robinson
2 years
I don't think there's much alpha left in designing new AMM invariants The next generation of DEX features are going to be about fair execution and tx cost minimization, not new shapes for reserves curves
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@danrobinson
Dan Robinson
2 years
Who is the best writer in crypto?
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@danrobinson
Dan Robinson
3 years
Check out this y-axis
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@danrobinson
Dan Robinson
1 year
Introducing Blend! @blur_io wanted a lending protocol with: * Arbitrary collateral, including NFTs * No oracles * No expiries * Market-set interest rates So @transmissions11 and I worked with them to design a new mechanism Here’s how it works 🧵
@blur_io
Blur
1 year
1/ Introducing Blend: the Peer-to-Peer Perpetual Lending Protocol for NFTs. Built in collaboration with @danrobinson and @transmissions11 at @paradigm , Blend enables 10x higher yield opportunities than current DeFi protocols and unlocks greater liquidity for NFTs. Here’s how 👇
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@danrobinson
Dan Robinson
2 years
Uniswap is arguably becoming the primary market for ETH New research from @gordonliao and me shows that Uniswap v3 has deeper liquidity in ETH/USD and ETH/BTC than leading exchanges like Coinbase and Binance
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@danrobinson
Dan Robinson
22 days
Uniswap has been fighting for the core principles of crypto since they launched. To me, they stand for the idea that immutable peer-to-peer financial technology is not only possible, but inevitable. That it can win. It’s unfortunate that the SEC is forcing them to take that…
@haydenzadams
hayden.eth 🦄
22 days
Today @Uniswap Labs received a Wells notice from the SEC. I’m not surprised. Just annoyed, disappointed, and ready to fight. I am confident that the products we offer are legal and that our work is on the right side of history. But it’s been clear for a while that rather than…
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@danrobinson
Dan Robinson
2 months
Introducing the auction-managed AMM! A new AMM design that: ⚖️ Reduces LVR ⚙️ Optimizes swap fees 📈 Smooths LP returns 🌊 Should attract higher liquidity than any fixed-fee AMM New paper with @ciamac ( @paradigm / @Columbia_Biz ) and @AustinAdams10 @saraareynolds ( @Uniswap )
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@danrobinson
Dan Robinson
4 years
This thread is the purest instance I’ve seen of a very common misunderstanding of how AMMs work. It’s just wrong. The math in it is wrong, the mechanics are wrong, and as a result, the conclusion is wrong.
@KyleSamani
Integrated Kyle e/acc
4 years
0/ Uniswap only works because Ethereum is slow, *and* because Uniswap LP fees are expensive (30 bips) Normally, when you combine two bad features, you get something extra bad But in this case, negative * negative = (almost) positive How can this be? A thread
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@danrobinson
Dan Robinson
3 years
Matt and Fred took a chance on hiring me when the idea of embedding a protocol researcher at an investment firm was a weird experiment. Now we’re doubling down on the mission of building an industrial research organization within @paradigm . 1/
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@danrobinson
Dan Robinson
2 years
The dirty secret of crypto Twitter is that you can get like 1000 RTs for a "technical" explanation that is total bullshit Just remember to end your first tweet with "buckle up for a deep dive 🤿🧵👇 1/"
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@danrobinson
Dan Robinson
6 years
Describe your favorite Bitcoin private key recovery phrase in 24 words
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@danrobinson
Dan Robinson
3 years
Anyone who says that blockchain will protect us from naked shorting or complex derivatives or unsustainable leverage has not looked very closely at where DeFi is heading
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@danrobinson
Dan Robinson
2 years
Suppose you have a protocol that lets you split 1 USDC into two tokens, 1 of token A and 1 of token B. Anyone can redeem 1 A + 1 B to get 1 USDC, at any time. What price will these tokens trade at?
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@danrobinson
Dan Robinson
1 year
@FEhrsam But ChatGPT's answer is wrong. It should be 7:00 min/mile
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@danrobinson
Dan Robinson
2 years
If you start incentivizing usage before you've found product-market fit, you hopelessly scramble the signals you need to find it You might decide it's worth it, but know that you'll be flying blind
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@danrobinson
Dan Robinson
2 years
Most books should be papers Most papers should be posts Most posts should be threads Most threads should be tweets Most tweets should be replies Most replies should be thoughts
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@danrobinson
Dan Robinson
6 years
Way to miss the entire point #Consensus2018
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@danrobinson
Dan Robinson
2 years
lol
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@danrobinson
Dan Robinson
6 months
“We’ll protect against MEV by using an entirely on-chain orderbook”
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@danrobinson
Dan Robinson
5 years
I…worked on this story for a year…and…he just…he tweeted it out
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@danrobinson
Dan Robinson
2 months
Bankless seems weirdly underrated, just a couple guys who work hard to put on a good podcast, I don’t get why people get deranged about it
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@danrobinson
Dan Robinson
3 years
Uniswap v3 flipped SushiSwap on volume in less than 4 days, but that isn’t the important part. The important part is that it did it with less than 10% of the TVL.
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@danrobinson
Dan Robinson
3 years
Stages of Twitter: <10k: earnest tweeting about your interests 10k-100k: optimal shitposting zone 100k-1m: can’t tweet anything other than vague philosophy 1m-10m: can’t even tweet the vague philosophy anymore. nobody at this level has ever tweeted 10m+: back to shitposting
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@danrobinson
Dan Robinson
1 year
My "For You" page is now entirely Elon replies
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@danrobinson
Dan Robinson
3 years
Three hundred years from now, Ethereum haters will still be talking about the “premine” and “DAO fork,” with the meanings of those words having been lost to time
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@danrobinson
Dan Robinson
2 years
The greatest opening in textbook history
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@danrobinson
Dan Robinson
3 years
Maybe not everything needs to be decentralized
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@danrobinson
Dan Robinson
2 years
"Token" is not a business model
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@danrobinson
Dan Robinson
2 years
Conference tickets are a joke In almost all cases the conference is just an excuse to be in the city and nobody goes to the talks Just go to the city without a ticket
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@danrobinson
Dan Robinson
5 years
Today I'm publishing a new design for an off-chain decentralized exchange built on synthetics: the 🌈 Rainbow Network 🌈 - Supports any liquid asset (even non-crypto) - Supports leverage and shorting - Implementable on Ethereum, or on top of Lightning
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@danrobinson
Dan Robinson
6 years
Bar trivia question: “what did Satoshi Nakamoto invent in 2008?” Answer: “Blockchain. We will not accept Bitcoin as an answer, he did not invent Bitcoin” ?!?!?!?!?!?
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@danrobinson
Dan Robinson
2 years
Man goes to doctor. Says he's depressed. Says crypto twitter seems harsh and cruel. Says he feels all alone in a threatening world. Doctor says, "Treatment is simple. Follow @0xtuba . That should pick you up." Man bursts into tears. Says, "But doctor... I am @0xtuba ."
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@danrobinson
Dan Robinson
2 years
When high schoolers run MEV searchers, is that minor extractable value
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@danrobinson
Dan Robinson
5 months
We’ve had a great partnership with @PacmanBlur over the years and I’m excited to collaborate on research for Blast in the years to come One interesting example is their design for rebasing tokens, which I initially pushed back against but they convinced me could work It avoids…
@danrobinson
Dan Robinson
4 years
Building a non-standard ERC-20 token (such as fee-on-transfer or inflationary/deflationary balances) is one of the nastiest things you can do to smart contract developers, wallet developers, and users
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@danrobinson
Dan Robinson
2 years
funniest timeline confirmed
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@danrobinson
Dan Robinson
3 years
New interactive visualization of Uniswap v3, showing how concentrated liquidity behaves as prices change:
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@danrobinson
Dan Robinson
2 years
My tweet got cited by GIPHY, in an antitrust filing, in support of the proposition that GIFs are cringe
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@danrobinson
Dan Robinson
1 year
DEXes leak value to miners through three kinds of MEV: 1. Gas costs 2. Slippage/sandwiching 3. Loss-vs-rebalancing Reduce any of these leaks, and you preserve more value for swappers and LPs. So each of these categories corresponds to a promising line of DEX research.
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@danrobinson
Dan Robinson
5 months
To set a better precedent for future projects who may try to emulate them, we worked together with Blast to design a new timelocked upgrade system that they will upgrade to next week. The code is open sourced here and free for anyone to use.
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@danrobinson
Dan Robinson
3 years
Uniswap v3 is so flexible that it can simulate any static automated market maker. My new post shows how this works, and how other AMMs like Curve, Balancer, and LMSR can be built on top of Uniswap v3:
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@danrobinson
Dan Robinson
2 years
I get DMs
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@danrobinson
Dan Robinson
3 years
Me, when my friends have a crypto idea but they don't think they can build it themselves
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@danrobinson
Dan Robinson
2 years
Suppose it turns out that it's impossible to have a secure proof-of-work blockchain without a block reward. Which change to Bitcoin would you be more willing to accept?
Remove the 21M cap
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Switch to proof-of-stake
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Let it die
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I'm bad at hypotheticals
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@danrobinson
Dan Robinson
3 years
. @paradigm has established a position in Unisocks ($SOCKS)
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@danrobinson
Dan Robinson
5 years
Wrote up an idea for a new DeFi primitive: yTokens. - Fixed-term secured lending - Debt is fungible and can be traded on @UniswapExchange - Interest rates are implicit and determined by market - Can be used to construct a yield curve The Yield Protocol:
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@danrobinson
Dan Robinson
3 years
In protocol design, game theory is overrated, data structures and algorithms thinking is underrated
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@danrobinson
Dan Robinson
2 years
You'd think there would be a tradeoff between speed and quality But the fastest developers I know are also the most obsessed with correctness, performance, and style Maybe it's just quicker to do things the right way
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@danrobinson
Dan Robinson
2 years
Anyone want me to roast their AMM design? It's Friday night
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@danrobinson
Dan Robinson
3 years
It's only a matter of time until someone pioneers the retroactive-airdrop-to-Twitter-followers and completely ruins this site
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@danrobinson
Dan Robinson
1 year
If your biggest concern about AI is either that it is too woke or not woke enough, you might be missing the bigger picture
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@danrobinson
Dan Robinson
6 years
TL;DR: Bitcoin HODLers can afford to use a slower chain for way longer than miners can afford to mine a cheaper coin
@danrobinson
Dan Robinson
6 years
I just published “The cost of supporting the B2X fork: how to lose $100m in ten days”
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@danrobinson
Dan Robinson
2 years
Sometimes at conferences people ask me how they can become more crypto-native, and I just apologize as I take their phone and make them follow @inversebrah
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@danrobinson
Dan Robinson
2 years
@Cooopahtroopa Nobody fully understands web3
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@danrobinson
Dan Robinson
2 years
Bitcoin maximalism could be based on either of these beliefs: 1) Everything in crypto could be built on top of Bitcoin 2) Nothing in crypto should be built other than Bitcoin The second is a normative claim and I don’t have much to say about it But the first is a delusion
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@danrobinson
Dan Robinson
2 years
Before massively subsidizing the supply side of a market, it's good to check if there's demand
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@danrobinson
Dan Robinson
1 year
How do you construct a lending protocol that supports arbitrary collateral, has no oracles, and has no expirations? Read the whitepaper to find out: (hint: when in doubt, try Dutch auctions)
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@danrobinson
Dan Robinson
1 year
You can buy and hold Treasuries directly from the federal government at But this is how their website works:
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@danrobinson
Dan Robinson
4 years
From a friend who’s getting back into crypto. We still have a long way to go in making this tech useable
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@danrobinson
Dan Robinson
3 years
New Uniswap v3 visualization: how multiple concentrated liquidity positions behave when stacked on top of each other in the same pool!
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@danrobinson
Dan Robinson
7 months
This is getting way too much attention in Bitcoin world The protocol only works for two parties, so it can't be used in rollups or other multiparty applications And Greg Maxwell proposed a much better protocol ("ZK contingent payments") to solve the same problem 12 years ago
@robin_linus
яobin linus
7 months
"Any computable function can be verified on Bitcoin"
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@danrobinson
Dan Robinson
3 years
SushiSwap took what Uniswap was doing and turned it around 360 degrees
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@danrobinson
Dan Robinson
2 years
I just learned how to use reaction gifs and the teenagers are now informing me that gifs are "cringe"
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@danrobinson
Dan Robinson
5 months
Why do people still launch tokens on Uniswap v2 rather than creating full-range positions on Uniswap v3?
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@danrobinson
Dan Robinson
6 years
The primary use case of Litecoin is as an example asset in blog posts about cross-chain atomic swaps
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@danrobinson
Dan Robinson
3 years
Fixed that for you
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@danrobinson
Dan Robinson
4 years
I was told that this was the immutable chain
@CoinDesk
CoinDesk
4 years
BREAKING: Ethereum Classic has suffered a 4,000-block long reorganization, its second such incident in five days. @eth_classic @sebsinclair1989
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@danrobinson
Dan Robinson
3 years
Something that vim beginners and vim experts have in common is that it’s really difficult for them to quit vim
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@danrobinson
Dan Robinson
1 year
The scariest thing about the Ledger announcement is not as much what they're doing, but the revelation that they can do it at all Like if the government announced that anyone could now opt in to an over-the-air vaccine update
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@danrobinson
Dan Robinson
2 years
The ultimate testnet faucet No more begging for testnet ETH one network at a time No more tweeting and deleting your address No more deploying your own mock tokens or NFTs The era of Paradigm MultiFaucet has begun
@_anishagnihotri
Anish Agnihotri
2 years
We built a new faucet: ✅ Funds wallet across 4 testnets at once (Ropsten, Kovan, Görli, @optimismPBC Kovan) ✅ Drips 5 ETH, 5 wETH, 5K DAI, and 5 ERC721 NFTs ✅ No need to tweet your address, just sign in with Twitter instead
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@danrobinson
Dan Robinson
7 years
Wife: You gonna post on Facebook about our wedding? Me: I don’t really use Facebook Wife: What about Twitter? Me: That’d be kinda off brand
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@danrobinson
Dan Robinson
2 years
Squeeth is live. This is one of the most elegant mechanisms I've seen come out of DeFi, and further proof that web3 enables innovation and iteration at an unprecedented pace Now it's in production, thanks to a Herculean effort from the @opyn_ team 1/
@opyn_
opyn² - Now Hiring
2 years
🐱 So hyped to announce that Squeeth is live on Ethereum mainnet!! Check out the dApp 👉
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@danrobinson
Dan Robinson
3 years
What if Clubhouse, but with a professional host asking questions instead of randos in the audience, and it's recorded so you don't have to listen to it live
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@danrobinson
Dan Robinson
3 years
Crypto people love to be like "that thing you're building isn't original; I described the same concept in a forum thread in 2013"
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@danrobinson
Dan Robinson
2 years
hypocritical for chris blec to be against multisigs when he too has been owned by many people
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@danrobinson
Dan Robinson
2 years
Working for a modern DAO seems great Who wouldn’t want every hiring, promotion, and budgeting decision to be hashed out in public by people you’ve never met
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@danrobinson
Dan Robinson
7 years
Cryptocurrency investors don't believe in trusted parties, which is why they give millions to anonymous founders based on 2-page whitepapers
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@danrobinson
Dan Robinson
6 years
Why don’t Coinbase and Kraken have a payment channel set up so transfers between them don’t have to use the chain or pay tx fees? That seems like the low-hanging fruit on the way to full Lightning deployment
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@danrobinson
Dan Robinson
3 years
When reading that last sentence, you can almost hear the shills revving up their engines
@elonmusk
Elon Musk
3 years
Tesla & Bitcoin
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@danrobinson
Dan Robinson
6 years
I’m passionate about cryptocurrencies because I believe the derivatives that led to the financial crisis weren’t complicated or esoteric enough
@danrobinson
Dan Robinson
6 years
@hrdwrknvrstps @lex_node Right—so this is basically bonds of the staker, collateralized by their staked ETH. But there’s a default risk You can complete this picture with slashing swaps (basically CDS) so the traders can buy insurance on the risk of someone being slashed
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