2026-03-27
Weekly Rollup
- A wide-ranging weekly rollup: Midnight's guarded launch is in final load testing, and Fluid did the first trustless Bitcoin to ADA atomic swap on mainnet.
- He details the Argentina saga, revealing he passed on the Hayden Davis proposal that became Libra, and that a subpoenaed unsigned contract now bears his name.
- He rips US crypto policy under David Sacks, opposing Brad Garlinghouse's securities-by-default bill and its removal of DeFi developer protections.
- He diagnoses a society lost to conspiratorial thinking, AI-generated content, and medicated kids, arguing blockchain is the only path back to objective truth.
- He frames the coming quarter as a reset around principles not saviors, defending the Trump vote as self-defense against a party that tried to kill crypto.
64 entries
Introduces a new weekly rollup format to aggregate small updates, leading with Midnight's successful launch whose candidate Genesis block was minted March 17.
A launch means snapshotting many components like the network stack and ledger that keep drifting, citing how ledger V8 broke V7, and this is his fourth launch.
The launch is a guarded one for power users and node operators, building the infrastructure basement first before the DeFi and 400 dApps floor comes later.
A two-week demo cadence is starting, and the network is already generating Dust via dual tokenomics, the first Cardano asset interacting with another layer one.
Congratulates the Fluid team for the first trustless atomic swap between Cardano and Bitcoin on mainnet, trading native BTC for native ADA, advancing the internal PoGan project.
Recounts opening an aggressive Argentina presence in 2024, after a first 2016 stint with Atix led by Alan Verbner, where some early Cardano code was written before Atix was acquired by Globant.
The new Buenos Aires office with Lucas and Mauro hosted a BuilderFest hackathon and Pithathon, building a large Cardano community with TX Pipe and others.
Milei's chainsaw cuts left a blockchain-sized hole in government, so he explored government contracting alongside using Argentina as a RealFi and development launchpad.
A murky group ran a tech summit promising a Milei meeting that shrank from keynote and sit-down to a photo op, then pitched him the Hayden Davis proposal behind Libra.
The consulting proposal had no deliverables and read as either incompetence or a bribe, so IO politely declined, and someone else's yes became Libra.
The unsigned proposal he flagged in February 2025 was later subpoenaed off a tech firm member's phone, prompting a press article tying Cardano and his name to Libra via Mauricio Novelli.
The criminal investigation found the contract mentioning his position and money, but it was never signed because they passed, and a supposed audio file was traced to an Instagram scammer.
Had they signed there would be no Libra and no scandal, and Argentina is ripe for blockchain with 100 billion of its 700 billion economy already in crypto.
Milei wanted the private sector to run identity, money, and registries, and blockchain is the third option giving government honesty with private-sector agility.
After the Libra mess they abandoned government contracts and went straight to the people via Globant and the community, excited to launch RealFi there.
He will not criticize Milei as an American or be a Peronista pawn, noting voters reelected him despite the coin, and he knows how to deal with governments after 15 years.
He tried to mentor crypto czar David Sacks to start from objective reality with NIST and Commerce, but Sacks could not pass the Clarity Act and is now out.
You cannot build these systems from backroom deals, shredding shady contracts, since even winning that way loses, unlike Midnight built from first principles in the open.
The markets are bad because of years of dumping scams and vanity deals, and honest first-principles work is what carries a project through a 3 to 5 year period.
Midnight's distribution is hard, with 12.5 million Night dropping daily to strangers who sometimes dump it from 12 cents to 2.5, but a fair launch's integrity carries it.
He went straight to the people in Argentina, hosting asados and hackathons, since one in seven dollars there is in crypto in non-custodial wallets.
Rips the media for demanding comment an hour before publishing, recalling Laura Shin and how the White House rescinded his invitation after the ADA reserve because David Sacks is petty.
The media chases ever more salacious scandals because their profits collapsed and they compete with AI content, chaining words into crazy headlines.
He told Novelli, who arrived two hours late from negotiating with the Korean Libra group, that he was the only one who wanted policy success not a token pump, citing his Ron Paul roots.
He was there for Ron Paul's money bombs and the blimp with Trevor Lyman, and got the Wyoming full-reserve SPDI bank passed because Ron Paul hates fractional reserve banking.
Warns against Trumpism, where the moment someone holds you accountable you attack the person not the message, as done to war hero Joe Kent over questioning arbitrary wars.
Recalls meeting General Mattis, once hailed as the greatest general since Patton, then dismissed as washed up after Trump fired him, which is not leadership.
Takes accountability for Cardano launching smart contracts poorly in 2021, which let competitors outcompete it and drop it on CoinMarketCap.
Credits reference inputs, network enhancements, Aiken, and a more agile approach with fixing Cardano's smart contracts, admitting the market and developers are the ultimate judge.
Milei found his way into power without the usual pedigree or a prepared inner circle, and a leader must let counterproductive people go or they become scandals.
Nation-state politics are brutal and sticking with bad actors creates Billy Carter style scandals, so good leadership listens rather than attacking accountability.
He was the only person at his level to criticize David Sacks directly and lost all access, but Trump will be a lame duck destroyed in the midterms like Bush, Obama, and Clinton.
Making crypto about Trump coin and World Liberty killed bipartisanship, but he proved bipartisanship works by passing the Stem Cell Freedom Act unanimously in Wyoming.
Leadership means treating people decently to bring them together, not starting from the assumption that you are always right and the other side is evil, which is reality television theater not leadership.
He stays civil with people who call him a pathological liar for the greater good of the ecosystems he represents, while still holding individuals accountable for lasting harm.
Criticizing Brad Garlinghouse draws a visceral reaction, but his bill makes everything a security by default like Gary Gensler did, while he expects an exemption.
The bill removes DeFi developer protections, exposing open-source coders like the Tornado Cash people to transitive unlimited liability, like charging an author for a reader's murder.
He tried to add a digital security definition with blockchain disclosure and 24/7 liquidity so stablecoin issuers like Brian could offer yield, a 10 trillion market BlackRock wants.
Once a bad bill passes you cannot change it in this partisan environment, so he legitimately calls Garlinghouse wrong, prompting XRP fans to call him an attacker.
He supported XRP against the SEC but did not fund Ripple because it gave itself a massive premine worth tens of billions, like EOS's 4 billion, unlike his own ADA.
Years of social media, cable news, and poor epistemic hygiene left people unable to separate the argument from the arguer or disagree without being disagreeable.
Uses the Iran conflict to show people are allowed only two options, that Trump is pure evil or you want Jews dead, with no room for geopolitical nuance about the Strait of Hormuz.
Trump is a product of 24/7 social media and the destruction of critical thinking, not a singular evil genius, amid decades of unpunished government lies since Iraq.
The election cycle of picking a black senator, a reality star, and a dementia puppet is a cry for help, so the real fix is a constitutional convention.
Mocks conspiratorial thinking about the all-powerful they, asking how Alex Jones could tell the truth for 30 years unharmed if they controlled everything.
The industry is about one objective reality humans need, and it saddens him how many young kids are on antidepressants in a world without boundaries or truth.
People cling to conspiracies because they impose order, but blockchain is the real way out, which is why he built Midnight as a last-ditch delivery on Satoshi's promise.
He wants a world where you own your identity, wallet, and credit score privately, can verify your vote, and can scan a QR code to confirm your food is what it claims.
The industry makes progress hard because everyone wants a 5 percent cut and a listing fee then dumps, which is why retail will not enter a den of vipers.
Monday is a reset to let go of grudges, since holding hate eats you from inside, and this is the last quarter of decline before it is time to grow again.
Stop looking to saviors like David Sacks or Trump, because saviors always let you down while principles never do, and everyone shares collective blame.
Admitting your own mistakes builds trust and leadership, while endlessly blaming others makes no one want to follow you.
Midnight, like Cardano, is the product of tens of thousands of conversations and mistakes he owns, and the glacier drop gave 95 percent of the industry access for free.
Predicts that if the community keeps planting these seeds, one day the technology finishes the job and can be put into governments so children never face Epstein scandals or unaccountable wars.
Says no savior will do this, the lesson of Trump who promised shiny things and never delivered, and tells the left to own that their side jailed friends and sued every exchange.
The uniparty is the same corruption done behind closed doors with media cover, and a Democrat win would mean a CBDC, banned cash, and social credit in America.
Cites his friend Roger Ver facing 105 years for taxes to a country he renounced, and Ross Ulbricht's life sentence, as why he could not vote for the side attacking crypto.
A Democratic House and Senate in 2027 means a holy war painting all crypto as corruption, a fight he will suit up for before Congress again for everyone.
The next 90 to 180 days are critical, and he has been here at 2 cent ADA, dollar Bitcoin, and the good times of 2017 and 2021, hoping everyone stays.
His vote was not single-issue, disagreeing with the wealth tax, California taking transgender kids, and using the FBI against political opponents.
As a conservative the industry had to choose between a candidate trying to destroy it and one supporting it, like coal workers who can no longer vote left.
The same AI-generated comments appear on every video, feeding societal psychosis where you cannot tell if people are real, citing a woman in love with an AI.
A fresh Trump meeting costs 1 to 5 million, and Midnight's selective disclosure to prove you are a human is why he knows this technology is necessary.
Closes the weekly rollup optimistically that despite robots and satanic pedophiles, the second quarter of 2026 is the reset, leaning into crypto as the only honest thing left, urging love not hate.