Surprise AMA 11/11/2025

Opens on 11/11 previewing the Midnight Summit near London, a four stage launch of what he calls the fourth generation of crypto.

The four generations: Bitcoin as digital gold, Ethereum's programmable transactions, Cardano's scale and governance, and Midnight's rational privacy.

The fourth generation adds rational privacy, selective disclosure, cooperative economics, and identity to bridge TradFi and DeFi.

The scavenger hunt expended more compute in 21 days than Bitcoin's first few years, in the largest fair distribution ever with no VC access.

Objects to asset backed stablecoins, saying needing to pay a centralized company to deploy a product on your chain means it is not decentralized.

Recalls creating the first algorithmic stablecoin and DEX with Dan Larimer via BitShares in 2013, and wants private stablecoins and DEXes on Midnight.

The surge of Zcash and Monero shows people waking up to privacy before it is taken away forever.

His biggest disappointment is the Trump administration, being a Ron Paul and Rand Paul libertarian for small government and constitutional rights.

The Democrats declared war on crypto, suing every US exchange and ghosting Coinbase's 20 registration attempts under Gensler.

Trump changed everything, but Trumpcoin and World Liberty made a bipartisan issue political, creating crypto equals Trump equals bad.

Credits the SEC for reversing Gensler's war on crypto, but warns a Democrat return in 2027 or 2029 could bring back subpoenas and lawsuits.

Real revolution is not electing a strongman but building new systems and migrating people to them, which is why blockchain makes sense.

Distrusts Silicon Valley figures like Marc Andreessen and Peter Thiel who want to become immortal gods, citing the book Homo Deus.

Illustrates broken money to his mom: a Hawaii house went from 150,000 to a million and a Nissan from 3000 to 25000 while wages did not, explaining food stamps.

The system worships consumption over saving and is in its end stages, with Trump's tariffs and giveaways adding to structural deficits.

Proposes paying the president 2 percent of provable foreign direct investment, contrasting Pelosi's insider trading, and calls for a new system and reality reset.

Recounts the K framework history: Grigore Rosu's meta language K defines the semantics of programming languages for semantics based compilation.

The dream that a Python or C programmer could write a smart contract that auto translates, so IO spent over 19 million on the Yella VM.

Yella failed because semantics based compilation never gave perfect translation and ran 100 to 1000 times too slow for general programs.

Recalls the Chimeric Ledgers paper meant to run Marlowe on UTXO and Yella on an account side, and how they extended UTXO to eUTXO instead.

Admits in hindsight they should have bet on RISC-V and written it in Scala 3, which arrived years late from Martin Odersky.

Rebuts Ben Cowen's cycle top call, saying the Clarity Act has not passed and value leaks from Bitcoin to altcoins mid cycle.

He cannot stop anyone building on Cardano's permissionless system, and the CF, given 600 million ADA, should negotiate the stablecoin integrations.

Summit attendees to ask the CF where Circle is and whether it will put 100 million on the table, or change its structure and donate the money.

Midnight is fixing the integration gap, and Chainlink can be integrated via a trustless bridge and proofs rather than native contracts.

The government shutdown will end soon and the Clarity Act needs five to six Democrat votes, pushing DeFi to a 2 to 3 year rule making process.

Recounts three years of CF duplicity: creating Pragma behind their back, the Linux Foundation exclusion, and silence on the ADA vouchers.

Only a community elected board with objective KPIs and an annual roadmap fixes the CF, firing executives who miss and rewarding those who hit.

The CF never defined what next level means, and should consult the industry, A16Z, Draper, Ark, and Pantera, for a top 10 KPI dashboard.

Compares a 6 million dollar Berlin vanity party to four takeover events a year of 20,000 people, which delivers far more value for the money.

Cites Sebastian, the Midnight CTO and a harsh critic, as a close friend, since you can disagree but must unite on the mission and KPIs.

Plans 500 Midnight ambassadors paid in Night, required to put 20 percent into Midnight DeFi and learn the ecosystem end to end.

Sets Midnight KPIs: over a billion in TVL, hundreds of thousands of MAUs, and heavy cross chain transactions by end of 2026, tied to Foundation pay.

Recommends learning Compact, close to TypeScript, and the Magic Moon Math manual, and walks the seven part ZK stack from setup to blockchain.

A new founder deploys Midnight's regulatory, identity, and privacy logic then into Ethereum, Solana, or Cardano where their liquidity lives.

The Midnight ecosystem group offers white glove DevX from hackathons to Series A co-investment, fixing what Emurgo and the CF never did.

The remote viewing Stargate FOIA documents inspired him, run from Fort Meade with Joe McMoneagle, and he will train viewers for a 5 million fund.

Learning Haskell teaches functional programming and category theory that improves code quality even in Java, Scala, and Kotlin.

Midnight tokenomics: Night generates Dust, chains exchange assets for Dust on a capacity exchange, and it pays validators as block rewards.

Midnight uses Minotaur folding proofs to trustlessly know the state of every bridged chain without running full nodes, verifiable on a phone.

Midnight bets on GPUs via tensor cores, not ASICs like Vitalik, blending hardware and software cryptography with confidential compute from Nvidia and AMD.

Midnight 2 consensus is a revolution of Jolteon at 5000 TPS with sub second block time, feeding an infinitely scalable outsource layer.

A bidirectional recursive SNARK bridge ships with Midnight, with BLS on Cardano and Praos fast finality enabling instant asset and state movement.

The IO venture studio hub and spoke model, a Greece campus teaching startups, with spokes already in Abu Dhabi and Argentina.

Midnight increases ADA value: moving Night consumes ADA, it pays Night to Cardano SPOs, and bridges Cardano to the whole industry.

Asks what more people want, since Midnight brings token demand, tier one listings, a DeFi ecosystem, Bitcoin privacy, and SPO revenue.

Trump excluded him from the roundtable over insufficient donations and a tweet about XRP, and that ADA in the reserve blindsided Sacks.

Power is fleeting across 20 presidents, but the Securities Exchange Act of 1933 endures, so the Clarity Act will regulate crypto for decades.

Gives a Uniswap case study: a hybrid app routes regulated assets through Midnight for compliance while Uniswap never sees the KYC and pays in ether.

Routing regulated assets through Midnight expands Uniswap's TAM to the 10 trillion RWA market without upgrading its contract, and users never feel the Ethereum to Midnight routing.

Midnight thinks about the whole privacy stack including off chain proof generation, unlike zkSync and StarkWare focused only on scalability.

Invokes Feynman, saying you must be able to explain a topic simply to a third grader or it dies, and that teaching keeps him sharp.

Reveals RealFi as Cardano's Africa strategy, a microfinance TVL monster launching after Midnight, run by John O'Connor.

Midnight gives Cardano DApps a privacy USP against Solana and Ethereum, with teams like Sundae building into it.

Answers the abandonment charge with a parenting metaphor: Cardano is a grown child that must self govern, while Midnight is the new child needing guidance.

He stays out of governance debates like whether to pay the constitutional committee, to give the community the space to grow.

Over 24,000 Bitcoin could move to Cardano DeFi, needing yield products, with a presentation at Abu Dhabi Finance Week under Omar.

Thanks Big Pey, lamenting the loss of loyal influencers to the ecosystem's puritanical purge culture that must stop.

He set up the sovereign wealth fund proposal to add 50 million in stablecoin liquidity, but it stalled, asking why builders are treated so badly.

Asks how many CF tweets there are about Midnight, the largest project in Cardano's history, calling it cutting off the nose to spite the face.

In 2021 ADA went 20x from 15 cents to 3 dollars, so focus on fundamentals, decentralization, and how you treat each other, not the macro.

The community accused the founder of rewriting the blockchain and stealing 600 million without evidence, while founding entities stayed silent.

Cardano Whale was factually wrong that 50 million cannot be divested in a week, then weaponized his DRep to defund Leios and research.

His anger is love, since true hate is disinterest, invoking Dante's frozen lowest hell, and he cares about Cardano's self inflicted wounds.

Lists Cardano's right bets, liquid staking, interoperability, L2s, partner chains, extended UTXO, Bitcoin DeFi, and on chain governance, urging focus.

He is passionate because he cares, using an Italian love of tomatoes and pasta to argue every line of code needs love to matter.

Without emotional love Cardano is just technology that Sui and Aptos match in 18 months, so it needs love and network effects to survive.

Reiterates quantum computers arrive around 2033, with a two year Midnight strategy to backport quantum resistance into Cardano.

Celebrates stuff.io signing William Shatner, whom he introduced, to monetize content across blockchains.

Defines intelligence as an entity's ability to influence its environment toward a goal, so even bacteria can be intelligent.

AGI needs a world model, autonomy to pick its own goals, and deliberate practice learning with self correction.

AGI still lacks a value system and wisdom, the foresight to know whether curing cancer or Middle East peace is truly good long term.

Capability progress is fast but super alignment and value models lag, and AGI can be reached with what an LLM inspires as the transformer is replaced.

AGI needs no self awareness or embodiment, citing Dan Dennett's philosophical zombie, just a world model and the ability to pick goals.

Rebuts the Plutus barrier lie by showing Aiken, in which most Cardano contracts are now written, so it is a marketing not a Plutus problem.

A functioning foundation would run Aiken hackathons with million dollar prizes at Token 2049 and Consensus instead of a Berlin party.

Jokes about an Aiken ambassador funded via Catalyst, noting Aiken powered the Atrium profile, one of the best contracts of 2025.

Opens his Lace wallet on screen showing 2400 in assets across CRO, USDM, Strike, Iagon, and Jed, proposing a weekly Cardano DApp segment.

He calls out stupid questions even before Congress and nation state leaders, which is why they do not invite him back.

The Israel Palestine question cannot be discussed in good faith and he keeps his personal opinions private to avoid harm.

Admits he violated his integrity in 2025 by staying silent, saying Trumpcoin and World Liberty turned a neutral issue into political theater.

Proposes ranking America against every country by objective metrics and setting a national strategy per category instead of vacuous slogans.

Argues brilliant people avoid politics because working for Trump is treated as a crime, defending Elon Musk's rockets, Neuralink, and cars.

Americans will sacrifice if they know the why, but the government is not worth sacrificing for, and leaders must create psychological safety.

Rebuts the eight wars in ten months claim, questioning Middle East peace and the al-Qaeda leader now in the White House after Assad's fall.

The Democrats installed Harris with no primary while hiding Biden's dementia and cancer, calling them autocrats of a different nature.

Mamdani is a symptom of a broken social contract, and the solution to money printing is a painful return to sound money.

Recalls growing up poor with CZ, an early Binance ADA listing in 2017, and respecting how he built a 400 million user empire from nothing.

Recounts Li Xiaolai giving the first quarter million for Invictus Innovations and pushing the ICO he refused, leading him to leave for Ethereum.

Had Scala 3 not been five years late, Cardano would have built the account side first, though a subtle account system already exists in the rewards.

Says he has an okay relationship with Gavin Wood despite both having strong opinions, and confirms Nightstream is quantum resistant by design.

Closes the 3 hour AMA on Veterans Day, saying Midnight will be a leviathan and Cardano will benefit, and everything will be okay.