One of the lesser-known hopes of the Ethereum community is called Account Abstraction: it is supposed to make Ethereum’s accounts as intelligent and flexible as smart contracts — and thus make Ethereum mainstream-capable. I explain what’s behind the term. — Account Abstraction is one of those developments that the Ethereum scene is hoping for a lot. It is “a long-term dream of the community” wrote Vitalik Buterin.

No joke: The founders of the insolvent hedge fund Three Arrows Capital have teamed up with the founders of an insolvent stock exchange to revolutionize trading in bankruptcy claims. They are now seeking $25 million in capital to do so. — The method of selling the solution to the problem you created reached new heights yesterday. Su Zhu and Kyle Davies are the founders of hedge fund Three Arrows Capital (3AC), which went bust in June, taking the crypto market with it, including lending platform Celsius. Zhu and Davies have now…

A security firm summarizes losses from hacks and fraud in 2022: Fraud declines, but DeFi hacks reach all-time high. Experts expect this to continue in 2023. — Immunefi, a security provider for the Web3, issued a report on crypto losses due to hacks and fraud in 2022. The company, it reads, “analyzed all cases in which a blackhat hacker exploited various crypto protocols.” In total, there were 168 incidents. That’s about one every other day.

When it comes to food and money, our brains go berserk with joy. But at the end of the line, neither steak nor dollar bills flutter enticingly in the wind of our desires. — It’s something else that we need so much: To talk about ourselves. Shall I tell you something about myself? No? But I will anyway! Whether it’s one-on-one or two-on-two and a social media app, telling something about ourselves triggers gratification in the same area of the brain as food and…

As a curious person who likes to stick his nose into enlightenment books, I know that envy is uncool. And it’s a far cry from that blissful Buddha grin and that radiant, nonchalant grandeur that I would somehow like to have. — So what to do? Right, quickly try to be even more happy for the other person. Sure, after all, I don’t want to be begrudging. Above all, I don’t want to be begrudging when my envy hits someone close to me.

Waiters, cashiers, and restroom attendants are human beings, just like the rest of us. They may have the lower-paying job. But that’s all there is to it. — Of course it is. Should be. I feel a little ridiculous even writing this right now. But almost every morning I sit (and work) in a café and witness quite a bit. Command tone. Laughter when the waitress turns around. Innuendos. Or pretending not seeing her. A servant who should…

Shoulders hunched, breathing heavy, backs bent under the weight of a thousand tasks and stress and worries and old feelings and other people’s demands and expectations. This is how we bend and drag ourselves through the days. …

Especially in the bear market, some projects are taking advantage of the crypto lull to tackle new developments. These three crypto technologies could significantly shape the next year. — Ever heard of “zero-knowledge proofs,” “self-sovereign identity” or “account abstraction”? What sounds like supercoder slang is actually intended to serve very simple needs of the Web3 sector. After all, with every innovation comes new challenges. And these technologies make tomorrow’s applications simpler, more intuitive, and show that crypto is more…

Christmas is approaching, the year is slowly coming to an end, and everyone is going into hibernation for a few weeks. But before that, I want to let you know what I expect for the coming year. — First of all, you should know that such forecasts can only be relied on to a limited extent. As a rule, things turn out differently, and if a forecast is accurate, it’s more likely to be luck than good sense. …