Lightnews — Scholar-powered news

Jake

@ngmi.co

340 followers 85 following 2.7K posts

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

Posts Media Videos Starter Packs

Pinned

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

6 8 10

Jake @ngmi.co · 4h

youtu.be/AqKFBEvwqqg?...

Diamond Sponsor Talk (Solana) - Alessandro Decina: "Blazing-Fast Magic Beans" | RustConf 2025

YouTube video by Rust Foundation

youtu.be

Jake @ngmi.co · 4h

Modern blockchains are very efficient. Not just in internal data motion between the cores and nvme but also in private physical fiber networks without public Internet jitter. I can round trip confirm a send of funds in 60 microseconds.

Jake @ngmi.co · 13h

yeah net inflows YTD are in the low billions to mid hundreds of millions, so if there is trillions going somewhere... it's likely in a different asset class (probably t-bills could absorb that without looking obvious)

1 1

Jake @ngmi.co · 13h

wouldn't flow of fund analysis easily be able to see trillions of inflow into a particular network?

Jake @ngmi.co · 13h

need a "should i use the clearing house" version

Jake @ngmi.co · 14h

the new thing is code is not law

Jake @ngmi.co · 18h

Reminds me that last year the house struck down an amendment that would have required warrants to access the electronic data of Americans
clerk.house.gov/Votes/2024114

Roll Call 114 Roll Call 114, Bill Number: H. R. 7888, 118th Congress, 2nd Session

VOTE QUESTION: On Agreeing to the Amendment, AMENDMENT AUTHOR: Biggs of Arizona Amendment No. 1, VOTE TYPE: Recorded Vote, STATUS: Failed

clerk.house.gov

Jake @ngmi.co · 18h

Burry also had the benefit of no fund redemptions (at least in the movie), so he was able to be bleed theta for two years and then catch the 20% drawdown and get a movie.

But ironically that movie probably caused more bubbles... it glorified short positions, which when wrong causes forced buyers.

Jake @ngmi.co · 19h

blockchains are still the future of banking and now that banking regulators are allowing its usage anything else will be like coming up with the fastest horse for transit just as the automobile bursts onto the scene. hence, every major bank adding crypto rails and stripe building its own blockchain

Jake @ngmi.co · 1d

actually at the lows for the year although i think nfts are more than just a handful of market assets (e.g. even our DIDs on this website are NFTs even though we don't call them that)

Jake @ngmi.co · 1d

Even in China the largest crypto VCs use stablecoins in their deals. Political or not (I don't think it is), legal or not, people will go to the payment rails where they get the best transaction execution. If SEPA IP wants to be used globally, it needs to compete or coerce.

Jake @ngmi.co · 1d

Nigeria also tried to ban crypto IIRC and they ended up with record volumes instead. People will use the rails that gets them the best transaction outcomes

Jake @ngmi.co · 1d

China bans crypto every year and still they are 14% of global bitcoin hashrate. If you think Chinese users aren’t using stablecoins I’d encourage checking out the crypto communities on WeChat and redbook

2 1

Jake @ngmi.co · 1d

Thats one of the benefits of stablecoins. Regardless of political will there will be node operators and developers building on stablecoins. No coercion necessary, totally opt-in. I don't have to wait for my bank to support SEPA to get instant settlement, I can just send someone stables.

Jake @ngmi.co · 1d

I just ask about implementation because SEPA IP and SEPA SCT can be completely different under the hood in terms of length of provenness

Jake @ngmi.co · 1d

I'd also be curious - not just age but performance and volume - for instance I know theres been consecutive blocks which enable 100k stablecoin payments per second (compare to visa theoretical max of 65k TPS), I have no idea what SEPA instant can handle, I'd be curious to see it's throughput data

Jake @ngmi.co · 1d

Is SEPA IP and SEPA SCT that same implementation-wise?

Jake @ngmi.co · 1d

Nov 2017?

Jake @ngmi.co · 1d

think of it like linux vs windows

if you want to improve windows, you most likely need to work at microsoft

if you want to improve linux, you just need an internet connection and a text editor

its much easier for devs to improve stablecoin infra than add sepa to more banks

Jake @ngmi.co · 1d

i'm not sure one is unproven vs proven, both sepa instant and stablecoins are around the same age, both have historical data behind them at times of increased throughput.

however, from a dev perspective, i have no idea how to add sepa globally, but i know how to add stablecoin infra globally

1 1

Jake @ngmi.co · 1d

You can still do sepa transactions with stablecoins, they're composable.

You can even swap usdc for eurc and then do 1:1 sepa payouts in EUR.

My POV in since stablecoins work globally and SEPA works within EU and some UK banks, it's better to offramp over SEPA when that locality makes sense.

Jake @ngmi.co · 1d

Like if your friend sends you fartcoin, it's not hard to convert it. But for business/every day things use stablecoins obviously.

Jake @ngmi.co · 1d

So don't take fartcoin? I was talking about stablecoins earlier fwiw, someone else brought up fartcoin

Jake @ngmi.co · 1d

different strokes for different folks

i can swap fartcoin for a stablecoin in under 200ms and then use it for groceries with like 3 cards in my apple pay wallet or directly on like shopify

also looks like avici is closing the gap between getting fartcoin and sending a sepa instant payment

Jake @ngmi.co · 1d

If you treat data off shreds as confirmed then you can get sub-millisecond stablecoin settlement times.

The measured latency between my validator in Frankfurt and the nearest block engine is 63 microseconds.