Author | Lightnews

Jake

@ngmi.co

330 followers 85 following 2.5K posts

techbro with philosophy degree working on global state machines that sync as fast as physics allows

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Jake @ngmi.co · Dec 4

Boon.

Several peer reviewed papers show bitcoin has significant environmental benefits, here are 13
pubs.acs.org/doi/10.1021/...
www.mdpi.com/2078-1547/14...
www.sciencedirect.com/science/arti...
www.mdpi.com/2078-1547/14...
link.springer.com/chapter/10.1...
www.sciencedaily.com/releases/202...

From Mining to Mitigation: How Bitcoin Can Support Renewable Energy Development and Climate Action

The world is currently facing a major issue of high emissions from fossil-fuel-based energy sources, which contribute to the persistent problem of climate change. A switch to a renewable-powered infra...

pubs.acs.org

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Jake @ngmi.co · 1d

after years of people telling me it's all hype and going to 0 people finally admitting the crypto bros are doing well

Tina Smith @smith.senate.gov · 2d

The only people doing well right now seem to be AI executives, crypto bros and the Trump family.

Aaron Rupar @atrupar.com · 2d

CNN: Other than gas prices, when are other cost of living prices going to come down?

REP. LISA McCLAIN: Listen, we have a massive hole that we need to dig out from from the last administration

CNN: But this administration is 9 months in and Trump promised to lower prices on day one

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Jake @ngmi.co · 1d

nft inscriptions already do this, not sure why yuga labs never did it with bored apes though
developers.metaplex.com/inscription

Overview | Inscription

Provides a high-level overview of the Metaplex Inscriptions standard.

developers.metaplex.com

Jake @ngmi.co · 1d

a lot of blockchain infrastructure runs on redundant thousands of bare metal servers all over the globe making it antifragile to things like aws downtime

Libtards of Colorado Unite @libtard70.bsky.social · 1d

Had all important financial and web-related activities been on blockchain, the AWS outage would have been barely noticed if at all. It’s time to evolve tech to the 21st century.

Jake @ngmi.co · 4d

The blockchain isn’t hacked. It’s being used to store a url. That url is hosting a malware payload. The threat model here is if your machine is compromised, the attackers can then fetch that url and execute the script. Putting it onchain means there is a singular place for them up update the url.

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Jake @ngmi.co · 4d

crypto has made it so that with just an internet connection and a private/public key, you can bank yourself, send money anywhere on earth at the speed of light, and trade any capital market that the world has to offer

a civilization technology working off the backs of validator operators

Jake @ngmi.co · 4d

not sure if you're a real human being with developed frontal lobes but i'm agreeing with your earlier points
- coursera and unis launched blockchain courses
- they suck, embarrassingly bad
- the education system is nowhere near the quality needed to be ready for a job in crypto today

Jake @ngmi.co · 4d

with just an internet connection and a private/public key, you can bank yourself, send money anywhere on earth at the speed of light, or trade any capital market that the world has to offer

hard to overstate how beautiful of a civilization technology that is

Jake @ngmi.co · 4d

He gave another crypto protocol $50M yesterday
fortune.com/crypto/2025/...

Andreessen Horowitz’s crypto arm invests $50 million in Solana staking protocol Jito | Fortune Crypto

This is the largest ever commitment from one investor into Jito, said the executive director of the Jito Foundation.

fortune.com

Jake @ngmi.co · 4d

there's open source, source verified, zk privacy apps on the blockchain
github.com/Privacy-Cash...

GitHub - Privacy-Cash/privacy-cash

Contribute to Privacy-Cash/privacy-cash development by creating an account on GitHub.

github.com

Reposted by Jake

⚡️🌙 @dystopiabreaker.xyz · 4d

confident ignorance as tribal identity works great until reality selects for people who actually learned how things work

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Jake @ngmi.co · 5d

I mean stripe’s new blockchain co just announced *today* they raised $500m and they are hiring rust engineers but the issue is the education quality on coursera and in uni for this stuff is pretty bad and was even bad 5 years ago too

jobs.ashbyhq.com/tempo-xyz/aa...

Rust Engineer

jobs.ashbyhq.com

Jake @ngmi.co · 5d

also i remember them being like "if it ends in .org that means it's an organization so you can trust it" lmao

Jake @ngmi.co · 5d

idk if i just went to like a bottom quintile middle school but we def had this class

search operators, verifying sources, verifying citations on wikipedia, then making powerpoints of how we search like "here i used the query `("Milton Hershey" | "Hershey School") site:wikipedia.org`"

Transtifa @syyyyyyyyy.bsky.social · 5d

Weird how you don’t have to do this with Google. Despite the fact that there indeed is an art to Google searches. Which I didn’t have to take a “how to google stuff” class to learn, lol.

Jake @ngmi.co · 5d

I actually work in crypto and those coursera classes are not any good. I also don't know any university, at least in the US, that has good blockchain classes. You're probably better off learning from ChatGPT, learning Rust and data replication, and finding the best devs and following what they do.

Jake @ngmi.co · 5d

This is also not unique to crypto. Traditional finance bros fat finger numbers once in a while as well.
finance.yahoo.com/news/bank-ac...

Bank accidentally credits customer with $81 trillion instead of $280

One of America’s biggest banks accidentally transferred more than $80 trillion (£64 trillion) to a customer’s account after a “fat finger” input error by an employee.

finance.yahoo.com

Jake @ngmi.co · 5d

PayPal burned that 300T right after also. Agree it was a dumb fat finger that their infra should have prevented in the first place. Not sure how it shows a ponzi tho, you can see paypals attested balance sheet of the funds used to back pyusd:
www.paxos.com/pyusd-transp...

Paxos | PayPal USD (PYUSD) Transparency Reports

We publish monthly reserve reports on Paxos-issued digital assets to ensure full transparency and reliability of our financial data.

www.paxos.com

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Jake @ngmi.co · 5d

If a bank holding btc and usdc in Gibraltar goes down I go down?

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Jake @ngmi.co · 6d

This is the water usage of data centers in phoenix

Jake @ngmi.co · 6d

Everything is a bubble depending on the timeframe. Also I used to work at aws - even though he’s a smart bald guy I’ve disagreed with jeffery hundreds of times before.

Jake @ngmi.co · 6d

I think it actually says a lot more about the moral panic of AI. Beef requires orders of magnitude more water, and the American lifestyle doesn’t even crack the top position per capita.

I’ll skip a stroganoff next time I fly to Poland and offset like a half a year worth of my chatgpt usage.

Jake @ngmi.co · 7d

yeah, e.g. monkedao is still launching grant programs, incubators, meetups etc

(I sold my last NFT a few days ago, so sadly not part of this anymore 😭, but the community is there)
monkedao.io/bwmd

MonkeDAO

Solana's first community-owned and operated NFT DAO. With membership from every corner of the world, we are united by a shared vision to drive innovation in the ever changing Web3 landscape.

monkedao.io

Jake @ngmi.co · 7d

Nothing wrong with having good food, we should have fantastic food even. If it's a question of if AI is a responsible use of water, I'll simply skip one hamburger and offset like ~200,000 chatgpt prompts.

Jake @ngmi.co · 7d

I'm also not against people not using AI, but I'm not sure how we decide which is more responsible, whether it's an alfalfa farm that trickles down to my doordash order as I stream a 4k tutorial to make a video myself, or asking a global GPU cluster for another sample and pushing it to Sora 2

Jake @ngmi.co · 7d

How do we determine which is more responsible, a machine with economies of scale that plucks values from latent space in gradient decent for a few seconds, or a watching hours of Final Cut Pro tutorials on youtube (also from a data center) and editing arbitrary media with a cheeseburger on my desk?

Jake @ngmi.co · 7d

Burgers and pipes are also used by pretty much anyone and have a much larger water draw