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Niraj Profile
Niraj

@niraj

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Cofounder @ritualnet . Previously GP @polychain , @IllinoisCS .

Joined September 2009
Don't wanna be here? Send us removal request.
@niraj
Niraj
4 years
Found this old (egregious) email I sent to Evan Spiegel a few years back 😂 Always shoot your shot!
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@niraj
Niraj
3 years
2017: ICOs 2018: Layer 1s 2019: Bitcoin 2020: DeFi 2021: ???
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@niraj
Niraj
6 months
So are we @ritualnet
@karpathy
Andrej Karpathy
6 months
Thinking a lot about centralization and decentralization these few days.
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@niraj
Niraj
6 years
Continue to keep recommending @a16z 's Crypto Canon as the best place to start/grow your crypto knowledge. Awesome resource.
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@niraj
Niraj
5 years
Dream hire: a data "bounty hunter". They'd be tasked with acquiring any obscure, hard-to-attain data I'm interested in (i.e. how many HFs in the world own bitcoin?)
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@niraj
Niraj
2 months
real
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@niraj
Niraj
4 years
Excited to announce the launch of , a new forum for Compound governance! As Compound continues to scales up, it's imperative that the community gets involved in long-form discussions around the future of the protocol.
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@niraj
Niraj
3 months
We’ve decentralized money, compute, finance, property rights, art, gaming… why not AI?
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@niraj
Niraj
6 years
TIL Apple has a hedge fund subsidiary called Braeburn Capital in Reno: . Manages $270bn 😮
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@niraj
Niraj
4 months
जैसा दृष्टि, वैसी सृष्टि
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@niraj
Niraj
4 years
Hedge funds should hire frugal moms as portfolio managers
@RampCapitalLLC
Ramp Capital
4 years
Galaxy brain
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@niraj
Niraj
5 years
Coming soon.
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@niraj
Niraj
5 years
Would love a “Goodreads” for academic papers - comment/annotate, discuss, track, share, upvote. Often find the discussions behind new publications fascinating, but they usually only happen in private chats.
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@niraj
Niraj
1 month
There's more to crypto than life.
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@niraj
Niraj
3 years
read this so you’re not behind in 2021
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@niraj
Niraj
7 years
. @stripe has one of the strongest design teams I've ever seen. Almost every developer product I see today takes inspiration from their work
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@niraj
Niraj
4 years
Now two crazy DeFi exploits in the past 24 hours, both ERC-777 related. This trend will continue to accelerate (just like it did with centralized exchanges) – any team shipping code *must* invest heavily in economic and security audits.
@spencernoon
Spencer Noon 🕛
4 years
BREAKING: lending protocol @dForcenet exploited, AUM drops from $25M to $19K in a matter of hours Should we really be surprised? Although not directly related, the company is widely thought to have copied @compoundfinance ’s code h/t @defipulse @TheBlock__ @defiprime
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@niraj
Niraj
6 years
Would be really interesting to see “hash rate derivatives” - a derivative that tracks the hash rate of a crypto network. Could be useful for miners wanting to hedge adverse return risk in networks they’re mining.
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@niraj
Niraj
4 years
I just have no idea how we trusted anyone before Bitcoin
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@niraj
Niraj
2 years
Who’s building the modern-era LVMH? What new luxury brands of today will still be around in 20 years?
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@niraj
Niraj
2 months
proud to have @ilblackdragon as an advisor to @ritualnet since day 1 been massively helpful across technical design, strategy, and much more constantly pushing forward crypto, AI, and the intersection 🫡
@ilblackdragon
Illia (root.near) (🇺🇦, ⋈)
2 months
I was honored to speak at the @nvidia GTC event today with Jensen Huang and all the "Attention Is All You Need" coauthors! I got to share some of we've built at @NEARProtocol . Session videos are available in case you missed it:
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@niraj
Niraj
2 years
Broadway St in SoHo is becoming the new Sand Hill for crypto VCs.
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@niraj
Niraj
4 years
20 crypto unicorns and counting...
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@niraj
Niraj
5 years
@alexcornell Also more consistency with timer
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@niraj
Niraj
5 years
Futures market for Maker CDPs stability fee on @veil : . This is where DeFi gets sick 🤟
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@niraj
Niraj
8 years
Just made my first “angel investment” on Republic (). Very interesting concept- think kickstarter, but you’re funding
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@niraj
Niraj
4 years
Request for Product: Crypto newsletter aggregator that dedpulicates the same articles and only presents unique info.
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@niraj
Niraj
4 months
Prediction: We’re going to see a major financial institution launch an Ethereum L2 this cycle.
@intern
intern ⨀
4 months
it sounds like Larry Fink got racked with his absolute boys last week, had an epiphany about crypto and is now fully entering the crypto rabbit hole
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@niraj
Niraj
5 months
If Narrative Follows Price, Ideology Follows Power.
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@niraj
Niraj
4 years
might fuck around and cop me a dna sequencer
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@niraj
Niraj
5 years
Would be interesting to see a “doomsday fund” that invested in hedges across a number of verticals: water, gold/other precious metals, gun corps, oil, uranium, bitcoin.
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@niraj
Niraj
3 years
Huge. One of the first-ever DAO mergers and many more to come...
@NuCypher
NuCypher ✜
3 years
#CodenameKEaNU is a go, Proposal RC0 has been approved by both communities, and @NuCypher + @keep_project will unite via a network upgrade. Check here for details and next steps:
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@niraj
Niraj
11 months
. @TheStalwart : “…blockchains are important infrastructure in a world of AI. Blockchains will allow people to prove what’s theirs. Blockchains will allow people to prove they’re themselves. Blockchains will allow AI models to run in a transparent manner. The pivot is coming.”
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@niraj
Niraj
8 years
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@niraj
Niraj
4 years
Uber has unbundled the taxi, and is now rebundling it. Drivers have independently been adding cab TVs, snack machines, and overhead ads to generate more income. Good that Uber is taking the reins to avoid more ad value leakage (and grow margins).
@verge
The Verge
4 years
Uber will start putting ads on top of some of its vehicles
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@niraj
Niraj
4 years
@nikillinit @NeerajKA My neighbors growing up couldn’t pronounce my name so they ended up calling me Roger for 10 years
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@niraj
Niraj
7 years
Replacing “I don’t have time for X” with “I don’t want to make time for X” is such a powerful statement - really puts things in perspective!
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@niraj
Niraj
5 years
The biggest blocker to Ethereum's success will not be scalability or usability - those will be figured out eventually - it's finding usecases that warrant its existence
@AlexSkidanov
Alex Skidanov (alex.near)
5 years
What is the biggest blocker of Ethereum mainstream adoption?
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@niraj
Niraj
4 years
DAOs as tokenized businesses (reduced OpEx & trust making them superior to fully-centralized cos): - MakerDAO: Tokenized “central bank” - Compound: Tokenized lending desk - Binance: Tokenized exchange - Uniswap: Tokenized market maker What else?
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@niraj
Niraj
6 years
The number of new/compelling Layer-1 chains being created is approaching zero. Market feels oversaturated at this point and most interesting innovation areas have already been explored (at least for this "generation" of technology)
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@niraj
Niraj
8 years
@elonmusk I like this guy
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@niraj
Niraj
7 years
@elonmusk look at his bio change 😂
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@niraj
Niraj
2 years
Congrats to @_bfarmer @dlubarov and the @mirprotocol team on the acquisition. It’s been nothing short of a pleasure to work with this team since the earliest days and I’m excited to see them continue their work at Polygon!
@TheBlock__
The Block
2 years
Polygon acquires ZK-rollups startup Mir Protocol for $400 million (via @Yogita_Khatri5 )
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@niraj
Niraj
5 years
Cool chart showing the evolution of global fund managers "most crowded trade". Not a surprise that many HFs are moving more into treasuries.
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@niraj
Niraj
7 years
@niraj
Niraj
8 years
Loving @patrickc ’s LinkedIn Profile :D
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@niraj
Niraj
3 years
DAOs collectively owning non-financial web3 property: - hosted git and DAO management via @radicle - crypto-native domains via @ensdomains @hns - hosted front-ends via @ipfs @filecoin @arweaveteam - social media via @bitclout_ What else?
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@niraj
Niraj
4 years
yeezy yeezy yeezy just jumped over jumpman
@KimBhasin
Kim Bhasin
4 years
🚨 Kanye West's Yeezy business is worth as much as *$3 billion*, according to a valuation by Bank of America that we reviewed and verified. He is the sole owner of Yeezy. Story with @alexanders101 :
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@niraj
Niraj
4 months
Verkle trees are like Ozempic for blockchains. Excellent at reducing bloat.
@0xdoug
Doug Colkitt
4 months
Ethereum is the only chain with a long-term plan to solve state bloat Verkle trees allow for witness data to be small enough to be attached to every block. Meaning validators and nodes can become stateless, and all state can be stored (much more efficiently) off-chain
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@niraj
Niraj
7 years
Beautiful.
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@niraj
Niraj
7 years
@SamTLevin
Sam Levin
7 years
Men who are the most upset about diversity initiatives are often the least qualified for their jobs, research shows
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@niraj
Niraj
6 years
Underrated path for getting into crypto: academia. If you like cryptography/distributed systems/PL design, there’s a lot of relevant research topics in the space.
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@niraj
Niraj
6 years
Going to start threading some cryptocurrency/blockchain requests for startups - no use just sitting in my notes forever!
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@niraj
Niraj
4 years
Excited to be partnering with @coindcx . It’s been awesome working with @smtgpt @nrjkhandelwal and the rest of the team this past year. Looking forward to what’s next! 🚀
@TheBlock__
The Block
4 years
JUST IN: BitMEX operator, Polychain lead $3 million Series A for Indian crypto exchange CoinDCX (via @Yogita_Khatri5 )
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@niraj
Niraj
8 years
Would appreciate a read :D - I just published “2015, the year I fell in love with reading (again)”
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@niraj
Niraj
4 years
Anyone working on @CurveFinance for BTC-on-ETH coins (tBTC, imBTC, wBTC, etc)?
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@niraj
Niraj
7 years
@quil_j @AnthonyCabling @Trashvis and drake's like a distant third on that list lol
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@niraj
Niraj
6 years
+1. Keep finding myself typing a question on Google and appending "reddit" to the end of it. I much prefer seeing a discussion about WHY someone made a choice, rather than just the choice itself.
@backus
John Backus
6 years
Reddit is a great tool for bootstrapping new intellectual interests. • Google to find subreddits. Usually there are several. • Raid subreddit sidebars and wikis for links, discussions, FAQ • Take blogs you like and search by domain. Ex:
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@niraj
Niraj
5 years
SNARKs are digital signatures for computation
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@niraj
Niraj
3 months
bet more.
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@niraj
Niraj
8 months
Interesting report on global crypto wealth stats from @HenleyPartners : Crypto-natives are a rapidly growing force in the global economy.
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@niraj
Niraj
3 months
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@niraj
Niraj
5 years
Would love to see an Investopedia for cryptography/computer science/math - a user contributed dictionary where the best explanations are voted to the top.
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@niraj
Niraj
8 years
Love looking at consumer products and seeing how they've changed over time :o (via )
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@niraj
Niraj
1 month
my ai gf is being mean to me :((
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@niraj
Niraj
1 year
@pythianism can split accrued fees btwn given chain (which brings demand) and ETH restakers (which brings trust). It forces us to reimagine econ value for l1/l2/etc coins outside of just security/monetary premium/speculative demand
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@niraj
Niraj
6 years
if you can't reason about an opposition's point, you don't understand their side well enough
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@niraj
Niraj
3 years
Insane watching this @PolymarketHQ Basquiat market move in real time
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@niraj
Niraj
8 years
@IanKarmel @themrsqueenbee seriously. How are you going to insult one of America's top 100 ians??
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@niraj
Niraj
2 years
“you’ve set mathematics back a month” what a legend
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@niraj
Niraj
4 years
Why don’t traditional brokerages make it easier for you to lend shares of stock? Are they lending themselves and pocketing the spread? Perhaps something a synthetic AAPL erc20 token can offer users before traditional finance...
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@niraj
Niraj
5 years
my brain is my hardware wallet
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@niraj
Niraj
4 years
I've never seen so many people rave about a crypto product this early in its lifecycle. Excited for @PolymarketHQ 🚀
@mrdotboson
mrboson 🔭
4 years
I really like @PolymarketHQ . Smooth AF ux thanks to @magic_labs . Denominated in USDC. I didn't even need ETH for gas. Took me no time. So impressed. We have arrived.
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@niraj
Niraj
6 years
Super excited to be backing @CodaProtocol - a talented team working on critical infrastructure for the space.
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@niraj
Niraj
5 years
the bear market has made it cool to be cynical again
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@niraj
Niraj
5 years
@banisgh Getaway in Brooklyn is an alcohol-free bar
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@niraj
Niraj
4 years
Excited to be partnering with Polymarket. They're tackling a huge market no one's cracked yet, and have been executing very well. Information markets might be one of the first DeFi markets that regular people use. And it's live -- Go place a trade on !
@shayne_coplan
Shayne Coplan
4 years
I'm proud to announce @PolymarketHQ 's new $4m fundraise led by @polychaincap + @naval @balajis @1confirmation @rleshner @paraficapital & more They'll be joining us on our mission to harness the power of free markets to combat misinformation. (continued)
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@niraj
Niraj
4 months
Crypto weaves through periods of pragmatism and idealism, usually coinciding with changing market cycles. After years of narrative austerity, get ready for narrative panacea.
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@niraj
Niraj
5 years
FinTech firms are expanding their product offerings to the same basic service (interest-bearing savings accounts). AUM is the name of the game here.
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@niraj
Niraj
2 years
Crypto VCs want to be DJs, and DJs want to be Crypto VCs
@BleacherReport
Bleacher Report
5 years
💯
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@niraj
Niraj
6 years
these hash function randomness distributions make for beautiful artwork
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@niraj
Niraj
7 years
Lots of awesome decentralized projects w/o ICOs often get overlooked - Althea is a great example. Decentralization of ISPs to make internet more of a public utility:
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@niraj
Niraj
8 years
Wrote a piece on the rise of student VC programs and the value prop to student & firm!
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@niraj
Niraj
5 years
Secure staking and validation for Cosmos from Polychain Labs: . Congrats to @rwitoff @defunctzombie @BenPerszyk for getting it over the finish line.
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@niraj
Niraj
6 years
Really good piece on the early days of D. E. Shaw (via @dillchen ) How a Misfit Group of Computer Geeks Transformed Wall Street
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@niraj
Niraj
4 months
We up too hot in the business.
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@sanlsrni
Saneel Sreeni
4 months
. @BitMEX perp 100x, five minutes, whoa
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@niraj
Niraj
2 years
if you weren’t already massively bullish on @eigenlayer 🚀
@cjliu49
calvin
2 years
First day @eigenlayer ! Thrilled to join @sreeramkannan @TokenPhysicist @bbuddha_xyz @soubhik_deb and many other awesome teammates (whose @ I don’t know yet). Building infrastructure to extend the staked ETH trust network to any crypto-economically secured distributed system.
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@niraj
Niraj
3 months
The market value of *all* investable assets sits at $164.5T USD as of Oct 2023, per @StateStreet . Crypto currently sits at ~$2T, 1.2% of all assets in the world. What ratio will crypto constitute 5 years from now?
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@niraj
Niraj
4 years
. @willwarren89 2 years ago:
@willwarren
Will Warren 🍵
6 years
@MustStopMurad @blairlmarshall @0xProject Governance is the only thing that matters in decentralized networks. If it isn't obvious to you now, it will be in 3-5 years :)
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@niraj
Niraj
5 years
Cool 2014 paper from @josephbonneau @socrates1024 , replacing Bitcoin's use of ECDSA with hash-based signatures. Leads to stronger quantum resistance properties and easier to reason about security (no asym key crypto)
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@niraj
Niraj
8 years
Loving @patrickc ’s LinkedIn Profile :D
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