Chris Ries
@chrisries
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dog dad. privacy and mev at @circle. 2x founder. views are my own
Austin, TX
Joined April 2015
Excited to announce that I have joined @circle to lead privacy and mev products on @arc. Privacy is largely understood design space. Cryptography has been around for thousands of years (used in Ancient Mesopotamia to hide trade secrets) and is what secures your crypto assets
We're building a full-stack internet platform business @circle Great chat with @andrewrsorkin on @SquawkCNBC this morning. https://t.co/HSrWtBK2sp
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Congrats to @SocialFi_Panda and the rest of the Privacy Cash team on the launch!
Private USDC transfers are live! 10,000 USDC has been deposited to bootstrap the initial anonymity set. Try it now inside our app!
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If deposit tokens win, nothing changes. If stablecoins win, everything changes. The future hinges on that distinction. thanks for having me @TokenizedPod
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It’s long been non consensus for venture to back solo founders. In the age of AI: ChatGPT is your technical co-founder, the way you brainstorm, and therapist. Funds that don’t adapt will get left behind.
For the first time in history, over 1 in 3 startups were started solo this year. Introducing The State of Solo Founding: exclusive data from Carta + commentary from top founders and investors. https://t.co/QG2seoE9LQ Solo founders seem odd today. Soon they'll be the default.
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when you've spent 2 hours of your life playing Catan with your ultra competitive family and are one turn away from winning
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step 1: validators have beef with each other step 2: then proceed to make sandwiches for themselves (on behalf of the other) step 3: the validator gets unstaked because of my beef sandwich CT, you can't make this stuff up
truly impressive levels of pvp happening in solana’s dark forest. validators are now sandwich attacking themselves in order to frame other validators as malicious / get them unstaked h/t @0xGhostLogs
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When solving a problem, oftentimes your instinct will kick in and you’ll have a bias towards a specific implementation/architecture Get in the habit of writing/typing your entire option space for the problem you’re solving. You’ll uncover new insights/tradeoffs in the process
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Someone on my flight is headed to a Bitcoin conference in Abu Dhabi. When I told her I work for Solana Labs, she said “you work in shitcoins?!”
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David Ellison = Lukas Matsson of GoJo from the show Succession
So if paramount wins, Larry Ellison and his son will control TikTok, Warner bros studios, Paramount Pictures studio, CBS, CNN all of HBO and Paramount plus streaming library. They would also control almost every major cable channel. They would have distribution that is possibly
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The tough part about being a founder is knowing when sit still and do nothing in a world where everything is urgent all the time
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Imagine getting a 600X multiple for your $2M ARR business. And then having so much conviction that you say no.
Stripe offered to acquire us for $1.2 billion when we had $2M in revenue. Today, we've raised $330M at an $8B valuation and reached $1B ARR. We could've died three times during this journey. This is the story I've never told anyone before:
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One of the great takeaways from @andrewchen in The Cold Start Problem is that marketing en masse is largely an arb game. When you deeply know your icp and have a bit of creativity you can find amazing channels like this. Rinse and repeat until others copy your strat.
What marketing looks like when you truly know your audience.
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couldn't agree more there are other really interesting byproducts of composable privacy like identity and access management
Privacy will be the most important moat in crypto. Why? Because secrets are hard to migrate. Everyone is launching a new "high performance" blockchain lately. But these chains are hardly different from one another. Blockspace is functionally the same everywhere. And with
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enter the consolidation phase and the creation of super streaming apps
Today, Netflix announced our acquisition of Warner Bros. Together, we’ll define the next century of storytelling, creating an extraordinary entertainment offering for audiences everywhere. https://t.co/rXPFMNIs1A
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Stark contrast between founders and politicians A founder finds success building a product around a non consensus idea (strong conviction) Whereas a politician finds success building a platform around a consensus ideas (they may not necessarily have conviction in)
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First the cease and desist letter and now this. Privacy isn’t zero sum.
NEW: ZCASH CO-FOUNDER @EliBenSasson SAYS @saylor TOLD HIM "HE THINKS BITCOIN SHOULDN'T HAVE IT [PRIVACY], AT LEAST NOT ZCASH STYLE, BECAUSE THAT'LL ALLOW NATION STATES TO SHUT IT DOWN"
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I’ve had a ton of investors and angels reach out proactively both warm/cold to try and help their portcos These are the kind of investors you want
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we need to start adopting a defense in depth security approach (especially if you're running a hot wallet with millions) > malicious transaction simulation/rejection > endpoint security with script protection > 2fa wallet auth > etc anyone have the md5/sha256 of this file?
someone just got drained for $27m across all chains website link auto download + auto executable file which went through all passwords and backups for all chains crypto is way too dangerous man wtf
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We’re going to see a lot more of this going forward. Private state will eat all blockspace.
I built a private perp dex on Ztarknet It’s called CircuitX, enables margin trading with full leverage while keeping all position details private. Demo : https://t.co/bdCvVEmTxE
@Starknet @Ztark_Labs @Zcash
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investing in stocks with a lower p/e is a lost art form among retail traders - everyone chases growth oftentimes ignoring the fundamentals ppl should be thinking about a portion of their portfolio with the ben graham/warren buffet value investor philosophy in mind
Santi says he bought a ton of Western Union stock instead of buying L1s "Western Union is trading at a 4x P/E ratio, Solana's trading at maybe 100x more"
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