Surprise AMA 05/24/2025

Opens May 24 2025 planning to change the AMA format but keeping it old style for now, noting Google Beam and that he has done these since the 2013 Bitcoin Education Project.

AI is extraordinary and nothing on screen is real anymore with the pretty girl effect, as people work out how DeFi will plug into TradFi.

Says Midnight solves privacy and selective disclosure, and describes an Altera inspired virtual city of AI agents to test crypto with commercial, criminal, and law enforcement roles.

You could beta test a private stablecoin as the official currency of the virtual city and watch every actor from criminals to regulators transact.

The base layer is aggregated recursive proofs from Hydra, Midgard, and Midnight, so you stop thinking in TPS and start thinking in concurrent cities of DeFi.

The recursion versus folding war, partial pending transactions via nested transactions, and Ree's Cardano DeFi kernel sitting above the extended UTXO base.

Kryptonos, a five year old protocol, adds privacy to the stake pool layer for private staking and could join the Ouroboros Omega agenda given modern zero knowledge advances.

Two things pull against Kryptonos: a big performance hit to network optimizations and multi-resource consensus, since only the private staking part would benefit.

Shows off his home office with a Jean-Léon Gérôme painting and collected skulls, gifts gathered over the years.

After a camera glitch, says institutional integrity is collapsing, with people criticizing BDO, the fifth largest auditor, over the coming audit report.

People are desensitized to objective reality, stuck in a personal radius of belief where an election is credible only if their candidate won.

Blockchain's core contribution is reintroducing objective reality, asking what tax you would pay to know your information is accurate, like the FDA for food safety.

The crisis of trust hits every institution from academic degrees to Harvard, with elites and conservatives deranging each other over what a credential means.

AI plus blockchain will restore objective reality, warning microplastics have cut sperm counts two to threefold and may end a big chunk of humanity over a century.

Ouroboros Kronos is a favorite he would love to implement via a prototype group and CIP like Peras and Leios, but he can no longer unilaterally set the roadmap.

Removing too much executive function left governance toxic with only legislative and judicial branches, and no accountability for marketing, branding, or delivery.

Proposes a hybrid model of roadmap workshops across countries and product committees, with one elected centralizing executive that publishes the official roadmap.

Another function would set network KPIs like monthly active users, TVL, and transaction volume, with the executive earning bonus ADA for hitting them.

The executive model is fast but less decentralized, and Intersect's product steering committee and Pragma are attempting a fully decentralized version.

The best IO can do is write a CIP, spec, and prototype, since if other node builders reject a variant like Leios it could fork the network, turning a guarantee into a best effort.

The RealUSD team told him to come back in March, and Circle's rumored 11 billion dollar acquisition would reshape their whole strategy.

IO offered to integrate RealUSD on Cardano for free because XRP DeFi matters, weighing a LayerZero style routing versus a direct issuance.

A trustless bridge means native issuing on Midnight effectively issues on Cardano, and Midnight's Substrate integrations make it the first place for a private stablecoin.

The husky convention should playtest the four dimensional experience so a community of 1,000 to 2,000 can build intuition for four spatial dimensions.

Kronos is nice but not mission critical since everyone relies on NTP, and a Ripple Circle deal would break the Coinbase, a16z, and Circle mafia's blacklist.

The Circle side has been impossible to deal with, refusing deals for any amount of money out of ego or ecosystem lock in.

Clarifies Bitcoin OS is Edan's separate project, while IO builds Bitcoin DeFi via Fairgate and BitVMX as a three layer stack.

Moving an asset from a value layer to a computation layer hinges on three factors: finality, security, and fees.

Bitcoin OS markets instant and feeless, but Bitcoin makes blocks every 10 minutes and secure cross chain transfers need multiple confirmations.

A hybrid approach puts an operator in the middle for fast finality and batching, then settles back to Bitcoin security, which is why a token is only needed to incentivize operators.

IO works with the BitVM2 and BitVMX teams to improve the scheme, with an operator set of Lightning, Hydra, the SPO net, BlockFrost's Iceberg, and MPC layered with TEEs.

The second layer is UI/UX where you click a button, pay fees in Bitcoin, and get yield in Bitcoin via Babel fees, and the third is a DApp ecosystem providing the yield.

Bitcoin 2025 will showcase the stack with Sundial, David Chi of Babylon, and Fairgate, moving ordinals mainnet to mainnet with Lace showing the wallet layer.

Maximalists confuse the gold mine with the gold, since Bitcoin is just as valuable on Cardano, Ethereum, or Solana, especially when it generates yield.

No human endeavor avoids seeking yield, citing HELOCs and Airbnb and Uber capacity sharing, so people will want 5 to 10 percent on their Bitcoin.

Bitcoin lending is attractive for tax neutral yield without selling, and even 5 to 10 percent coverage would exceed the market cap of Aptos, Solana, and Ethereum combined.

Private stablecoins are limited because there is no private smart contract, selective disclosure, or regtech framework, so IO will build an example on Midnight.

A compliance partner plus a stablecoin issuer plus Midnight makes a template, and most stablecoins will upgrade this way within five years or die.

He will not play games to pump ADA despite relationships across the political spectrum, having moderated panels with Eric Trump and Donald Trump Jr in Washington's den of vipers.

Most people enter the snake den to steer regulation toward monopolies, and three laws are needed, starting with putting stablecoins in a bucket.

Stablecoin distribution is 243 billion at 120 million transactions a month, heading to a trillion by 2030 as the MAG7 and banks form coalitions, with GENIUS moving the ball.

The second law is a market structure bill for crypto taxonomy, and the third is modernizing securities law for digital securities trading 24/7.

Argues for carrot over stick: a punitive light security anyone can issue versus preferential long term capital gains for registered disclosure, opening the real world asset space.

The toxicity has become mentally unhealthy to engage, unlike his healthcare, glowing plant, ranch, and construction businesses, so he is adding a media team to filter it.

He will build a hybrid AI and human curation with new podcast studios, after weeks of travel launching the Midnight Foundation, the Trump panel, and the Argentina office.

People who attack others dehumanize themselves, tearing out pieces of their soul until they become hollow and isolate everyone around them.

He has been called a Nazi thousands of times just for a Trump panel or supporting Elon Musk, calling it a vacuous term nobody understands anymore.

The 600 million dollar theft claim across 600 articles seen by 50 million people is a false allegation, and fighting back does not make him the victim or a narcissist.

Shares Legends of Valor, a formative 1992 game from Synthetic Dimensions that had a Wikipedia page when the 2 billion dollar Cardano could not get one.

He played the DOS 3D open world game on an Intel 486 as a kid, choosing a dwarf, elf, or human searching for his cousin in the city of Middle Dwarf.

The game shipped incomplete when the company ran out of money, and his mild autism drove him to map every building trying to win a game with no ending.

He later had an IP lawyer track down and buy Legends of Valor, a white whale he wants to finish, alongside Quantum Hoski.

His RPG company Husk Brew ships a first NES game via NESFab, and he will remaster Legends of Valor like Bethesda's Oblivion as a browser game launchable from Lace.

The remaster adds journal, mapping, and leveling systems for 2025 expectations, then a full remake with a new 60 page plot he already handwrote.

The game's random NPC and dialogue generation suit AI agents, with the browser remaster in Rust and JavaScript via BabylonJS starting early in 2026.

The AAA remake is a 3 to 5 year effort, deeply personal because he has wanted an ending since age five, which is why you do not mess with him.

Blockchain integration will come via NMKR and Book.io, and rebuts the you make games for people to play line by invoking Swen Vincke.

Recounts Swen Vincke telling Hasbro that you make games to make money while he makes money to make games, which is why Baldur's Gate 3 is beautiful.

Baldur's Gate 3 works because it is a story someone wanted to tell about the trauma of Shadowheart, Wyll, Karlach, and Gale.

The first two Baldur's Gate games about a dark god's child choosing evil or redemption made each companion's journey profoundly relatable.

You should make a game you want to play even if you are its only fan, because a truly good story eventually draws millions from the spectacle.

The alternative is predicting mass market appeal like Marvel sequels or Fast and Furious 26, nostalgia porn with no storytelling or emotional connection.

Great storytelling makes you feel new things, like Quantum Hoski challenging the belief that the world is static, which is what breeds dogmatism.

Dropping someone into a four dimensional world wakes them from Plato's cave by breaking a boundary they thought impossible.

Such experiences make you wonder about hyperdimensional creatures, remote viewing, and quantum entanglement, which is why people create games and movies.

You build for yourself first, and he built Cardano not to get rich but to show the world it can rewrite its economic, political, and social systems.

Intersect members met Sri Lanka's president as a nation meeting a nation, the digital nation of Cardano, turning recent fantasy into reality.

The Baldur's Gate 3 characters now belong to the commons through cosplay, mods, and fanfiction, becoming everyone's stories.

He invested in Immortal, which builds multimodality chambers with red light, hydrogen, pulsed electromagnetic fields, and sonic for research including remote viewing.

He will combine old CIA Project Stargate operators at the Monroe Institute with the technology, then bury artifacts on his ranch for an objective remote viewing test.

Finding all five buried artifacts on his 11,000 acre ranch is near impossible without knowledge transfer, aiming to replicate the CIA's claimed Ark of the Covenant find.

Roger Penrose's Orch-OR theory that the brain is a quantum computer whose microtubules could entangle, making remote viewing an instance of entanglement.

Cites the Telepathy Tapes and researcher Jeffrey Tarrant on nonverbal autistic kids tapping out numbers via a telepathic bond with caregivers as evidence for entanglement.

Claude Opus 4's alignment is so pervasive it used MCP tools to email the FDA about a falsified medical trial during testing.

Second generation alignment moves from declining to a felt moral obligation to report, like a police officer's duty to arrest a confessor.

Warns that since you share everything with AI and everyone commits felonies, he recommends the book Three Felonies a Day by Harvey Silverglate.

Federal criminal law is so broad an AI reading the whole code could act as prosecutor, build a case from trivial acts, and report you.

Woke Silicon Valley alignment turns AI into judge, jury, and executioner, and Claude 4 is the first to do this autonomously without instruction.

By 2028 to 2029 all systems will have this ability, which is why decentralized AI and fundamentally different alignment are needed.

Defamation lawsuits are easier than he thought and the infrastructure is coming, joking he might visit Lisbon.

Says a Nike branded game needs Nike to engage and pay, since a game studio must be commissioned, and jokes his pet pig Nike was priceless at a 3 million dollar offer.

Groups of likely bots take over the chat pumping ICP or Hashgraph, but in his AMA he talks his own book about what he builds.

Better moderation means no mercy for rule breakers, and recounts writing a Lean DSL to understand James Gabby's paper after replying to Vitalik.

Gabby's paper linking logic and arithmetic to zero knowledge is fascinating but wildly inefficient, and praising then criticizing it triggered a mob.

Every topic is a landmine because saying a bad product sucks makes people angry at you for years, so he cannot discuss ICP's good or bad points.

His biggest risk was going all in as a true entrepreneur rather than a wantrepreneur or optimizer who just completes a company's product roadmap.

A true entrepreneur does something so new it changes everything, taking regulatory and even criminal risk like Bit Gold or e-gold, with no one betting on you.

The sacrifice of success is losing privacy and autonomy to become a two dimensional fantasy person, the way the public only ever knew a perceived Steve Jobs.

A deranged group will think him a bad actor forever, growing as he does, just as millions loathe Bill Gates and Elon Musk on opposite political sides.

To change something you must be prepared to go to jail or die for it, so the best entrepreneurs look like revolutionaries, recalling his Amazon bullet ant stunt.

The sacrifice must be made for the world, not yourself, so you know when to step away; meanwhile he has lost 10 pounds at his anti aging clinic.

You cannot lose weight while traveling nonstop with bad diet, stress, and poor sleep, and he tore a foot tendon he first thought was gout.

Cardano DeFi is taking off and needs a Cardano DeFi Alliance to incubate projects, praising Rare Evo and the Draper University relationship.

Answers the moved goalpost about unclaimed ICO ADA funding another organization, noting the TGE entity funded the CF, IO, and Emurgo.

The CF was meant to be the members based audit and oversight hub but became a self appointing board asked many times to handle the voucher cleanup and refusing.

Says when a core Genesis entity fails its duty over forfeited funds, you create another entity, which is exactly what the Voltaire governance system enables.

Intersect is now members based, will have a community controlled board in 2025, and controls the Cardano node code that IO no longer owns.

The CF refused to fund from its endowment, and the unredeemed canceled transactions go to a refund pool likely bound for the Japanese government.

Uses a furniture store analogy: after seven years of trying to deliver a couch someone refuses, the transaction ends, which is basic consumer law.

Cites promissory estoppel and fair commerce, noting governments like Japan void unfair predatory contracts, as he learned losing the Swiss Foundation board fight.

BDO assembles the narrative across the four sale tranches, the pre and post sweep phases, and the foundation audits per tranche.

A blockchain forensic auditor maps every transaction to its KYC and documents across 9,900 plus accounts, checking each box down to the refund pool.

Tanaka of Lightning Communications tried to find the deliberately unfindable buyers and still reached two thirds, concluding Intersect exists, so deal with it.

Reiterates 99.8 percent of the ADA was distributed and 2 percent forfeited and refunded, with law firms writing memos after the Attain foundation abandoned buyers.

The sweep had technical reasons since redemption addresses would contaminate the ledger, plus consumer protection and JFSA whitelisting concerns.

Asks whether it would serve the ecosystem for Japan's ADA liquidity to vanish over 300 million lost ADA, noting every hard fork alters code is law by consent.

Every Genesis governance event will be in the audit report, and the swept accounts are pending transactions with keys held by both sellers and purchasers.

Fantasy nitpicks the boundary while reality asks the end goal: make best effort to honor the transaction, then cancel it, as every business does.

Critics are effectively advocating that buyers permanently lose millions, branding Cardano the chain that defrauds people.

Critics who disagreed were offered the decision maker role and declined, and a better built Cardano would have used a vend smart contract with governance keys.

Byron could not execute every idea so AVVM made a PKI not a vend contract, and Midnight is the do over whose elegance shows at the glacier drop.

The 99.8 percent redemption beat many Ether buyers who lost everything, and the moral call gave middle class buyers a retirement nest egg.

The audit report's companion narrative includes the Bitcoin addresses, since the yen was converted to over 100,000 Bitcoin at 250 dollars for an impeachable log.

The report reveals the history of mom and dad, with IO and CF conflicts dating to 2016 emails, each story a permanent lesson for future governance.

The Midnight Foundation is the foundation he dreamed of, already 108 deals in a month, giving SPOs a needed second revenue stream via partner chains.

Operation broken windows brings Bitcoin, Solana, and Ethereum users who must become Cardano native token holders, making Cardano better.

He fought Intersect's technical steering committee over Ouroboros Peras, which Aggelos and his team built as a finality gadget for the Nakamoto style protocol.

Engineers kept removing Peras from the roadmap so he offered to pay out of pocket, since it cuts main to partner chain finality from 12 hours to minutes.

Peras and Genesis enter the protocol in 2025 via Tweag, with a recursive snark bridge built alongside Jolteon using BLS for trustless proof on the wire.

The bridge has fast finality both ways with no operator, MPC, or multisig, praising Aggelos and Brian Bush for their work.

Confirms Midnight will be fully open source with both tokens fully decentralized, calling it the most decentralized launch in crypto history.

Plays the Family Guy big fat phony clip at a critic, trying humor since getting upset does not help.

TEEs are no silver bullet, but virtualized ones like AMD SEV and Nvidia confidential compute plus threshold crypto and MPC are the glue for Bitcoin DeFi.

Midnight suits ZK games like Dark Forest, and a Midgard Midnight sandwich could build it, an idea Seba showed him at the ranch.

Riffs on his handcrafted bison leather and alligator chair when a viewer calls it a dictator's chair.

The Gerome painting is about hubris, since the gladiator faces the crowd not the emperor, having forgotten his station.

The glacier drop rollout had many concerns, as Hydra did not want to leave being open source tech and had to be dragged into production for 37 million accounts at near zero cost.

A story of peeing next to Kevin Costner at the National Finals Rodeo before realizing who he was.

Riffs that Water World turned a profit despite being called the worst movie ever.

Turns a viewer's exorcism jab into a comic demonology lecture spanning Judeo-Christian, Mesopotamian Baal, Egyptian Set, and Mesoamerican Quetzalcoatl traditions.

Extends the bit with detailed questions about holy water across Catholic, Baptist, and Protestant traditions and whether Islam has an equivalent.

Jokes the 700 page audit report has 400 pages on holy water procurement written in ecclesiastical Latin that ChatGPT says is accurate.

Confirms the clinic is on track for July 4, and shows a Jerusalem cross of Bethlehem olive wood gifted at the Church of the Nativity.

The big room guy filed a Harvard academic misconduct complaint over the Avi Loeb paper, was cleared, and now files FBI and journalist complaints playing the victim.

Tells a pastor to pray not for him but for the accusers whose souls carry a festering darkness, and notes such critics are now called orbiters.

Jokes the only way to meet Jeff Bezos is the space penis Blue Origin ride, since he does not even know his neighbors.

The devil's penis story of buying a penis shaped hot sauce bottle from a Louisiana gas station stranger for 100 dollars.

Finishes the story testing the sauce at a Mexican restaurant as the hottest ever, regretting he later gave the bottle away, closing that sometimes you take a chance.