Balázs Némethi @nembal Twitter profile

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Balázs Némethi

@nembal

8 months

1/ Dear @brian_armstrong , Armstrongb.eth You do not own this. You do not control this. Yet, this @ensdomains name resolves to your address. Most importantly, you cannot do anything about it. I own and control it. Identifiers are not identities. Let me explain.

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Balázs Némethi

@nembal

2 years

Getting work done with @lofigirl . Who’s with me?

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Balázs Némethi

@nembal

2 years

It was amazing to see how a team that only built a website won @ETHBerlin - they worked around the rules and used the weakness of quadratic voting for their benefits - they promised to distribute the prize between those who cast a vote for them.

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Balázs Némethi

@nembal

8 months

4/ An "identity" is a comprehensive construct encapsulating the various attributes, credentials, and information that uniquely define an entity—be it a person, organization, or machine.

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Balázs Némethi

@nembal

2 years

dreamy yoga session with @eshita at the break of dawn

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Balázs Némethi

@nembal

8 months

18/ PS: @brian_armstrong , if you would like to own this ENS name, let’s find time for a 30-minute call and see if I can help you build a scalable ID roadmap for CB and crypto.

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Balázs Némethi

@nembal

8 months

3/ During @allinsummit you told @chamath @calacanis @DavidSacks @friedberg that ENS is an excellent example of a decentralized identity because it removes the need to remember wallet addresses. But it is neither a decentralized identity nor it is excellent

All-In Summit: In conversation with Brian Armstrong

This talk was recorded live at the All-In Summit 2023 at Royce Hall on UCLA's campus in Los Angeles. (0:00) Besties welcome Brian Armstrong to All-In Summit ...

www.youtube.com

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Balázs Némethi

@nembal

8 months

2/ Disclaimer: I hold a Hungarian passport, I directed the decentralized identity foundation ( @DecentralizedID ), I built a bank for refugees, and I cook in my free time. These are some of my identifiers.

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Balázs Némethi

@nembal

8 months

5/ It is multidimensional and evolves over time, reflecting the complex, often dynamic nature of the subject it represents. Identity serves as a framework for establishing trust and facilitating interactions within both digital and physical ecosystems.

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Balázs Némethi

@nembal

8 months

14/ Nuanced misrepresentation of technologies may not be harmful at a case-by-case level, but sufficiently echoed misunderstandings can add up to misleading paradigms.

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Balázs Némethi

@nembal

8 months

@bgurley @bgurley , here is an overview comprised of details and facts. let me know what you think!

Price of swabs in Germany, the role of lobby in the private sector. | Notion

Disclaimer: I am a Hungarian passport holder living in Germany, doing my best to make my company find PMF, and I consume news/information as a hobby. The information gathered below includes links and...

nembal.notion.site

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Balázs Némethi

@nembal

8 months

11/ Furthermore, the address the ENS resolves to does not have to match the owner’s wallet address (just like armstrongb.eth in my example). Additionally, ENS names can be transferred or sold, creating a fundamentally broken model to build long-term trust.

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Balázs Némethi

@nembal

8 months

10/ ENS is an example of a temporary identifier used to “identify” a wallet address it resolves to. It is a leased identifier, so the renter of the ENS name does not own the identifier and only has a temporary claim over it.

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Balázs Némethi

@nembal

3 months

@joshm ☺️😉

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Balázs Némethi

@nembal

8 months

6/ “Decentralized identity” most often refers to a decentralized addressing/identifier system that makes data portable and verifiable, and enables new, decentralized ways of (re)presenting and protecting data and structuring software.

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Balázs Némethi

@nembal

8 months

12/ To sum up, Identity is the sum total of what you are in a specific context; decentralized identity refers to the technical solution to disclose claims without a 3rd party intermediary, while identifiers are the individual labels used to sort or interact with that identity.

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Balázs Némethi

@nembal

8 months

8/ On the other hand, an "identifier" is a specific data point or set of data points used to point to, or reference that identity. Identifiers can be public keys on a blockchain, email addresses, or government-issued ID numbers, among others.

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Balázs Némethi

@nembal

1 year

a reminder of the rules:

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Balázs Némethi

@nembal

8 months

16/ While we can program and re-program digital assets with, for example, compliance, we should never put personal identity information on any blockchain, any more than we should put our passport photos on billboards along freeways.

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Balázs Némethi

@nembal

8 months

13/ Understanding this distinction is paramount to building trust and understanding of complex systems, a problem the blockchain industry is continuously grappling with.

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Balázs Némethi

@nembal

8 months

7/ Certain codifications of these user-controlled ways of handling claims are referred to as “self-sovereign,” with varying degrees of technological specificity.

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Balázs Némethi

@nembal

10 months

Touching some grass.

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Balázs Némethi

@nembal

8 months

15/ In systems built to empower users, these fractional misinformations may sow generalized distrust, tempering adoption in favour of exploitative practices.

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Balázs Némethi

@nembal

8 months

9/ They serve as the 'hooks' by which an entity is recognized within various systems, but they are not exhaustive representations of the entity themselves.

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Balázs Némethi

@nembal

6 months

Dear @brian_armstrong , I commend the launch of @coinbase 's new verification framework on @eas_eth , a significant iteration to further empower blockchains. However, a robust identity system encompasses more than just technical prowess. Let me explain: Implementing cookie…

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Balázs Némethi

@nembal

6 years

I just published “Token Engineering Canvas & Agent Behaviour Map + basics for Token Engineering”

Token Engineering Canvas & Agent Behaviour Map + basics for Token Engineering

When it comes to engineering token incentives we are still at the early days of learning how an approach with engineering in mind will lead…

medium.com

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Balázs Némethi

@nembal

1 year

Coworking space for the day. It comes with built in knowledge

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Balázs Némethi

@nembal

2 years

Hello NYC. Hello @launchhouse . Let’s do this.

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Balázs Némethi

@nembal

8 months

17/ While one provides a self-regulatory approach gatekeepers are missing from crypto, the other can inherently cripple privacy if not done with care.

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Balázs Némethi

@nembal

7 months

1/ Dear @brian_armstrong , A forever attestation, onchain via @eas_eth "I, Brian Armstrong, have the most beautiful black hair, and here is my proof: " You can't change this. You didn't consent to it. It’s on-chain for eternity. #OnChainSummer

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Balázs Némethi

@nembal

6 years

#tokenengineering workshop @dappcon_berlin is on fullhouse mode! @oceanprotocol - @DimitriDeJonghe / angela kreitenweis @tokengineering / @nembal - @taqanu

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Balázs Némethi

@nembal

8 months

@0xpolarzero @brian_armstrong @ensdomains Crypto got too creative with coining terms and the general confusion across the industry is apparent and causing harm as each community refers to similar mechanisms using different terms.

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Balázs Némethi

@nembal

2 years

Pls fix.

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Balázs Némethi

@nembal

3 months

End of an Era - @kycdao Over the past two and a half years, kycDAO embarked on a mission to set a new standard for the adoption of blockchain technologies through our composable compliance approach. Our commitment was to build tools that utilize blockchain infrastructure…

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Balázs Némethi

@nembal

1 year

@NikMilanovic Uniswap has like 80 employees (here it’s 2,5x) and doesn’t generate income from the protocol but revenue that’s income for their LPs. It’s crazy impressive regardless but pls check your facts as is it’s not true

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Balázs Némethi

@nembal

1 year

KYC = Know Your Coffee

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Balázs Némethi

@nembal

6 years

#SSIpaper is a position paper on Self-Sovereign Identity for the public sector that I co-authored. - - An industry initiative initiated by @bundesblock . #decentralization #selfsovereignidentity #SSI #Blockchain #digitalidentity #identity

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Balázs Némethi

@nembal

4 months

@packyM i will be your first unpaid intern, won’t reply but have chatgpt come up with excuses why it’s not the right time and how soon i will be ready.

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Balázs Némethi

@nembal

1 year

gm. morning market making

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Balázs Némethi

@nembal

1 year

It is happening. a long-awaited moment when @kycdao comes out with a solution designed to solve the problems a growing number of #web3 projects are facing. Let's make compliance composable!

kycDAO

@kycdao

1 year

✔️ @kycdao is officially live! 🎉 As the first step towards web3 native compliance, kycDAO transforms compliance into a web3 primitive, enabling crypto to become a major force in the global economy.

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Balázs Némethi

@nembal

10 months

The free switch is dead. $UNI proposal to make their token more like $BNT but it’s v1 version. When @Uniswap will follow @Bancor and start decreasing circulating supply and go away with token insanity?

A completely new $UNI token model for V4

@eek637 from the UF asked me to start a discussion on protocol fees and V4 after this post. The conversation the last few years has revolved on 1) whether the DAO should activate the fee switch, 2)...

gov.uniswap.org

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Balázs Némethi

@nembal

2 years

Sharing stage with the one and only @provenauthority Finally we meet irl!

Kylin Network ⚡

@Kylin_Network

2 years

4/ @provenauthority - Co-founder of @discoxyz Enabling portable data and reputation across web2 & web3 ecosystems. @nembal - Founder of @kycdao Building a multichain KYC Verification platform.

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Balázs Némethi

@nembal

1 year

Preparation for Xmas, in Hungary, involves the most sacred dish. The fish soup. This soup is prepared for centuries and every family owns a recipe that’s the best. Period. You need paprika powder, for this one I used 5 different types to bring out tastes you never experienced.

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Balázs Némethi

@nembal

1 year

@0xfoobar everyone gets banned on the same IP same time same browser. Ty for the fud

bunny (🥕,🐇)

@ConejoCapital

1 year

just got my ip banned for asking it detailed questions pertinent to possible attacks to be performed on defi protocols

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Balázs Némethi

@nembal

2 years

Today gm stands for good merging

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Balázs Némethi

@nembal

3 months

@ylecun what about meta?

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Balázs Némethi

@nembal

1 year

Waiting to see when it becomes public that @divine_economy has been secretly funding SBF and his cabal with personal loans and @jokedao_ is only a cover so he can always pull the “I’m sorry, it was just a joke” card.

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Balázs Némethi

@nembal

7 months

@LefterisJP @rotkiapp This is crypto 2023. The entire industry is immunised against the scale of fraud and loss of money that’s plaguing the ecosystem. The “we are early” and “it’s decentralized” terms just show how far crypto to mature (if ever?)

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Balázs Némethi

@nembal

11 months

Off to the metaverse.

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Balázs Némethi

@nembal

2 years

Let’s have a Berlin Blockchain week they said. So they can host every event on the same day.

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Balázs Némethi

@nembal

4 months

epic detailed text-splitting tutorial for retrieval by @GregKamradt . variety of different levels of splitting with their respective complexities. Examples and explainers.

The 5 Levels Of Text Splitting For Retrieval

Get Code: https://fullstackretrieval.com/Get updates from me: https://mail.gregkamradt.com/* https://www.chunkviz.com/ Greg’s Info:- Twitter: https://twitter...

www.youtube.com

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Balázs Némethi

@nembal

5 months

@packyM Packy, Set up a recovery key now. Get an iPhone you are not using (can be old, doesn't matter) Mark your device lost and recover your account using the old iPhone, a new phone number and the recovery key. This way you can set a new phone number and get back your apple id.…

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Balázs Némethi

@nembal

2 years

Who is building a decentralized therapy framework? The community needs a lot of support, and burnouts are happening left and right. I guess this is a service that could actually have a coin.

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Balázs Némethi

@nembal

1 year

Pizza done well.

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Balázs Némethi

@nembal

1 year

Safety first. Some ads are perfect

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Balázs Némethi

@nembal

1 year

Talking about the future of blockchains at the Harvard Blockchain Conference #HBC

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Balázs Némethi

@nembal

6 years

we are only at the surface of seeing what engineering will do to decentralisation and automation. What an experience!! #tokenengineering workshop with @taqanu in scope. Thank you @oceanprotocol @trentmc0 @DimitriDeJonghe @AngelaKreitenweis and everyone else for the opportunity.

Taqanu

@taqanu

6 years

“TokenEngineering meetup #2 — lookback” by @nembal

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Balázs Némethi

@nembal

1 year

Super excited to share tomorrow some key aspects of what the future of grants will look like. The modularity and usability of these well defined problem sets. 4pm - @schellingpoint_ at @EthereumDenver

Vikram Aditya

@viks_rum

1 year

Catch us at the @schellingpoint_ tomorrow as we talk about the future of grants & behind the scenes with @joshuaztan from @metagov_project & @DAOstar_One Kevin Olsen from @gitcoin , @rickkdev from @openqlabs & @developer_dao and, @nembal from @kycdao #ETHDenver

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Balázs Némethi

@nembal

3 years

@ricburton You don't need to be rich. Its enough if you own property. Then you have collateral to get a second one "for free" from the bank paid by a renter.

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Balázs Némethi

@nembal

3 years

@sama I'm pretty happy with fire as well! 🙂 Cooked food tastes good

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Balázs Némethi

@nembal

6 months

Instead of fighting jet lag I embrace pre hours. Today, am the first one at Berlin’s oldest bakery

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Balázs Némethi

@nembal

2 years

Decentralized Identity jamming in Lisboa! 4pm on Thursday! Dm the TG and deets @provenauthority @by_caballero @thaika @juliosantos @JulianLeitloff @BhatiaKishore @jens_pauls3n

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Balázs Némethi

@nembal

9 months

@stephensonhmatt @0xQuintus Have you read @MBRichardson87 write-ups on Sandwich? The topic would fit well as a follow-up for the next @PanteraCapital newsletter after the MEV topics. #1 : #2

The Optimum Sandwich: How to Exploit Blockchain Enthusiasts with Arbitrary Precision

The mathematical methods that allow for the industry’s top exploiters to wring dry every available wei of value from traders.

medium.com

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Balázs Némethi

@nembal

2 years

Who is heading to Lisbon?

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Balázs Némethi

@nembal

2 years

Why people stand in line for 30+ minutes to board a plane where everyone has an assigned seat?

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Balázs Némethi

@nembal

1 year

$SOL is down bad. It’s now on the 18th position as a top chain on market val. The SBF blowup has hit this ecosystem the hardest.

Evan Van Ness 🧉

@evan_van_ness

1 year

Sqlana is so ded without SBF creating fake activity to prop it up that its DeFi TVL is about to be flipped by a chain I've never heard of. $SOL 📉

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Balázs Némethi

@nembal

5 months

@gdb the process of removing words while improving meaning - removing words while improving meaning - removing while improving meaning - improving meaning - meaning - ❤️

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Balázs Némethi

@nembal

6 years

#tokenwirtschaft #berblockchainweek sunny opening speeches from @paulkhls @LinumLabs @bitcoingarrett @tokenfoundry

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Balázs Némethi

@nembal

5 months

@danielgross single handedly undermined NVIDIAs growth.

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Balázs Némethi

@nembal

6 months

@Humane here and ready. were is the feed?

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Balázs Némethi

@nembal

10 months

grass for today! The journey goes on

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Balázs Némethi

@nembal

6 years

The evolution towards a shared economy where everything measured for its value! (Ofc using #tokens )- presentation by @DimitriDeJonghe

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Balázs Némethi

@nembal

1 year

A whole lotta holiday mood.

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Balázs Némethi

@nembal

1 year

We have been pursuing decentralisation the wrong way. The power is in people enabled by chains, not in the chains. If it’s not used it’s useless. Everyone benefits if one benefits, therefor, we should work a lot more together.

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Balázs Némethi

@nembal

2 years

#Devcon . The Beaty & the Beast. Memorable festivities and the brightest minds in crypto. All came together to celebrate their passion, their affection and to discuss their devotion. Web3 is buitl by people, for people. Events of this magnitude are a salute to these people.

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Balázs Némethi

@nembal

10 months

@djrosent @AcquiredFM Just do it!

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Balázs Némethi

@nembal

2 years

My new intro for web3 partners: Hi [my name], this is my 3rd bear market.

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Balázs Némethi

@nembal

8 years

@AnneBoden just pulled the best prank with style in #fintech

Chris Gledhill

@cgledhill

8 years

LOL 😅, Bravo @AnneBoden 👏 How rival challenger bank Starling pranked Mondo on day new name Monzo was unveiled

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Balázs Némethi

@nembal

1 year

Just because it looks good on ads it doesn’t mean it is good.

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Balázs Némethi

@nembal

1 year

My expert take on the controversies about zkKYC and why it will not work. It is also background on why @kycdao is taking a different route.

Why zero-knowledge KYC won't work

Blockchain technology — including zero-knowledge proofs — doesn’t yet provide adequate solutions for identity verification.

cointelegraph.com

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Balázs Némethi

@nembal

2 years

Off to @EthereumDenver . See you frens

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Balázs Némethi

@nembal

1 year

Making @EthereumDenver trusted with @openqlabs and @kycdao

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Balázs Némethi

@nembal

7 months

@Sim_Pop @LefterisJP @not_qz @gitcoin @tallyxyz Instead of blaming dao members if crypto ever wants to “onboard the next billion” it has to made dumb-proof. If a prominent service is unable to meet this basic requirement how do anyone expect that a Facebook user will?

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Balázs Némethi

@nembal

6 years

First ever TED talk on #Selfsovereign Identity talk by me. @TEDx hosted by @TEDxINSEAD_ #SSI

The Superpowers of #Blockchain Identity | Balázs Némethi | TEDxINSEAD

Self-Sovereign identity is a method to create trust while preserving privacy. Blockchain technology opened new paths on how privacy can be conceived in the d...

www.youtube.com

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Balázs Némethi

@nembal

7 months

@martin_casado @LefterisJP Pouring billions into companies without a commitment to OS will mean a preference for fiduciary responsibility. The argument of “what is best” is answered with a “to whom?” Investors? Humans? Services? Humanity? Show me the incentives and I show you the outcome.

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Balázs Némethi

@nembal

2 years

@reegannotraygan I figured. No one is going to NFTNYC but all of us will be around

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Balázs Némethi

@nembal

2 years

Listen to our podcast with @owocki for @gitcoin (green pilled) 😁 my name got a bit butchered but you can learn about @kycdao and my story

kycDAO with Balázs Némethi - Green Pill #48

Listen to this episode from GreenPill on Spotify. ✨ Subscribe to the Green Pill Podcast ✨ https://availableon.com/greenpill 🟢 Get the GreenPilled Book 🟢 https://greenpill.party/ Apple Show Link:...

open.spotify.com

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Balázs Némethi

@nembal

7 months

@ljin18 Financialize every faucet of an industry and you end up with a community driven only by profits. “Show me the incentives and I show you the outcome”

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Balázs Némethi

@nembal

2 years

@owocki ❤️ @DecentralizedID to start with. @kycdao because I’m biased. @SpruceID for infra. @ceramicnetwork for web3 recognition. @discoxyz for promotion. @0xPolygon / #PolygonID first web3 wallet.

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Balázs Némethi

@nembal

1 year

The camera eats first.

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Balázs Némethi

@nembal

6 years

@sohkai presenting with a massive announcements on the stage at @dappcon_berlin now! Well played and good to see how @AragonProject is constantly progressing forward

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Balázs Némethi

@nembal

2 years

It's a thread.

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Balázs Némethi

@nembal

6 years

as my first TEDx talk at @TEDxINSEAD_ at the mesmerizing @insead Fontainebleau campus will learn about how Self-Sovereign Identity is about to change how we interact online and offline across any sector. #digitalidentity The title: The Superpowers of Blockchain Identity

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Balázs Némethi

@nembal

7 years

Launching the app finally to bring language to everyone! @lizclink @chatterbugapp 🎉🎉

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Balázs Némethi

@nembal

2 years

Every #crypto conference has its own crowd. @CeloOrg #celoconnect was a particularly fun one! Thanks for hosting

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Balázs Némethi

@nembal

2 years

@isaacpatka @GnosisGuild They are luck that you did this to signal the vulnerability and not for other reasons. Wp

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Balázs Némethi

@nembal

6 months

@jpaask @levelsio That seems like a huge privacy leak!

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Balázs Némethi

@nembal

9 months

sandwich attacks? this is your morning read penned by @MBRichardson87

The Optimum Sandwich: How to Exploit Blockchain Enthusiasts with Arbitrary Precision

The mathematical methods that allow for the industry’s top exploiters to wring dry every available wei of value from traders.

medium.com

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Balázs Némethi

@nembal

2 years

Every. Single. Day.

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Balázs Némethi

@nembal

5 months

@isaiah_p_taylor @isaiah_p_taylor - I’m literally doing it (at least figuring it out, visa situation is hard) I love Europe and the strong culture it gave me, but I work in technology and a fragmented market is harder to scale.

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