$codec coded

Im frontrunning my christmas presents here, dont fade $codec s CSO

let's fucking go privately

shorting $zec with tight short here

still long btc

gm gm look i don't care if $zec is israeli made and full of backdoors and their hq is 15 away from the cia hq what i do care is that zec is pumping like hell and it MUST mean that is now time for $rail to breakout THANK YOU FOR YOUR ATTENTION TO THAT MATTER!

Internet Capital Markets on pump fun aren’t a new concept… Real, revenue-generating companies have been building on pump fun for over a year, and now, it's time for them to enter the Spotlight Let’s talk about $CODEC, $MOBY, $dreams & $COLLAT 👇

Remember that FTX was illegally using **customer money** to lend to his affiliated hedge fund Alameda Research, to make illiquid venture bets, and to make political donations. And that when the customers asked for their money back, he couldn’t return it. THAT is why the exchange was insolvent and THAT is why you’re in jail, you slimy fuck.

quick fake out under range low here before new ath end of month imo

today is fractal game day so left (march 2025) or right (nov 2021)?

europoors rejoice (but only if you sit on usd now)

gm gm since that post, EVERY fucking day has been a thursday... and tomorrow is full moon buckle up losers

.@VitalikButerin posts twice about @zksync -> $ZK goes from a $600M FDV to a $1.4B FDV. Vitalik co-leads a project designed to bring privacy to every Ethereum wallet using @RAILGUN_Project -> $RAIL goes from a $227m FDV to...

kohaku is a new @ethereumfndn project spearheaded by @ncsgy & @vitalikbuterin, here is a simple explanation: kohaku is focused on privacy and security for wallets it is NOT a wallet you can download today, but a toolkit that seeks to make future wallets safer. it is: > an open-source sdk > a reference wallet: a power-user demo that shows what these next-gen privacy and security tools can do (not a consumer app). > a collaborative effort: designed so other wallets can adopt its features piece by piece as they wish. the ethereum foundation works for you, not against you. note: what is mentioned below are goals of the project and things it will focus on, things may change over time.  here's what kohaku seeks to do (non-exhaustive) note that this is currently for power users it is not a consumer app, however given the open source nature, existing wallets could begin to adopt things: 1. build wallets that don’t depend on middlemen right now most wallets rely on centralized servers (called RPCs) to tell them what’s happening on Ethereum; if the rpc is down..you're cooked and tx's won't get through (anyone who's tried to buy a hyped release has been through this). kohaku looks to run a “mini Ethereum” inside your browser so it can check things for itself. 2. private actions when you use apps today they can see everything you do. Kohaku seeks to let you still interact with things without exposing your entire self. 3. private sending and receiving kohaku aims to connect with privacy systems (like railgun and others) that let you send & receive without having the world watching. 4. one identity per app today your wallet address is like a username that never changes. which makes it easy to track you across apps. kohaku has a potential feature that can automatically create a new address for each app you connect to. 5. private communication between wallet and app normally your wallet talks to apps through public servers but kohaku is building a way for them to talk peer-to-peer. like whispering instead of shouting across the room 6. better+private ways to recover your account Instead of writing down secret phrases or giving your ID to a company, you’ll be able to recover your wallet in better ways very useful for someone like me that gets their phone snatched in london (smh) 7. protection against future tech kohaku will explore a safety switch to upgrade wallets to new cryptography to right off quantum computers basically future-proofing so the deepstate doesn't wreck you. 8. smarter hardware support kohaku seeks to make it easier for hardware wallets (like ledger or trezor) to support advanced privacy features out of the box. 9. spending limits and guardrails you’ll be able to set limits like “this account can only spend $100 a day.” stops phishing and mistakes from draining your wallet, also stops you from over-aping into new shitcoins...(i'm projecting) 10. local AI safety they’re going to be experimenting with small ai models that run on your device to spot risky transactions without sending your data anywhere. local ai in itself is fascinating, and there's tons to be explored there overall; as we use ai more, we'd probably want it to keep our secrets. okay so now who’s building it: the effort is led by nicolas and vitalik, but kohaku isn’t just one team. it’s a collaboration among many of Ethereum’s best-known privacy and security developers people and teams like: @ambire , @DeFi_Wonderland, @RAILGUN_Project, helios, @PrivacyEthereum  @obliviouslabs, and several individual researchers including @LucemansNL @kassandraETH @zknoxhq @fredrik0x @barinov @samczsun @pcaversaccio @MicahZoltu the first demo will focus on privacy and be shown at Devcon. it’s not meant to compete with wallets like; it’s meant to make all wallets better. nico said it best: "it’s time for us to go public so you all can go private, and it’s time for us to be bold so you all can be safe." onwards.

$codec can we finally do the thing please?

Last minute Halloween costume.

RAIL is set up to be an insane trade. Adding to the interesting things Mikey mentioned in the thread: > EVM privacy protocol for shielding ETH, ERC-20s, NFTs > Vitalik's favorite privacy project; he shielded millions in ETH > Native integration in Vitalik's Kohaku SDK for wallet privacy + partnering with MM and OKX Wallet > Strong tokenomics (I'll dive deeper) + fees Why have we seen price increase? Privacy Narrative + No Volume + Extremely Low Organic Float + Ideological Holder Base The onset interest in the privacy narrative and recognition of RAIL being Vitalik's go-to privacy protocol created only buy pressure. Before October 8, RAIL was around $1.20 with anywhere between $200k–500k in volume. It has since seen anywhere from $5-25m in 24-hr volume. How could a couple million in volume (initially) move the price so aggressively? The answer lies in Etherscan (1°). Mikey mentioned that 77% of the float is staked. That's true, but a bit more is locked up in a bunch of different places: 77% is staked, 2.3% is on Uniswap V3, 0.6% is in the treasury, another 0.6% is in Uniswap V2, 0.4% is in (presumably) an unstaking contract, 0.4% is in Sushi, and another 1% is locked up in a handful of other contracts. In total, roughly 82.5% is locked, leaving about 10m (of 57.5m) total RAIL circulating among holders. In other words, at current prices ($2.75), our trades our pushing around $28m worth of RAIL. And that 77% staked is pretty illiquid as well, as it's subject to a 30-day unlocking period (2°). Assuming most folks were staking for the fee share. However, for any folks that got emotional and went to unstake to TP, they'll have to wait till at least November 7. As a trader, a good sign of being relatively early is if a token is hard to acquire: 80-90% of RAIL volume is on DEXs, the rest is on XT (a CEX no one uses). And given the holder base that you can confirm from Etherscan, almost no one has serious size, indicating likely no funds have a position: > Only two holders are above $1m (and the bigger of the two hasn't trasnacted since January of 2022) > Only four other holders have above $500k > Less than 60 wallets have 6-figs worth A real longshot, hyper-appreciation catalyst would be a serious CEX listing. If privacy (outside of just Zcash) rerates like crazy, exchanges will seek to list privacy tokens. And RAIL should be a compliantly risk-free listing: by that, I mean you don’t transact confidentially with RAIL, it’s mostly a governance token. The protocol itself is what you interact with, being able to shield ERC-20 token transactions. So there’d be no privacy-oriented regulatory risks from listing RAIL. However, exchanges would need to acquire a portion of RAIL to list it. (Its illiquidity and extremely low circulating float are big detractors.) But if ecosystem development matures and Vitalik pushes the SDK and RAILGUN integrations, it could achieve a level of undeniablility that exchanges would want to acquire it to list it (generating more off fees than the cost to acquire). To sum up, > Extremely low float > Fee redistribution to stakers > Privacy narrative + Vitalik tacit involvement > More useful than single-asset privacy (can shield any ERC-20, like a stable) > Still pre-CEX > Likely almost no VCs and liquid funds For retail folks, it's probably one of the most interesting assets that hasn't had a serious run-up yet. (Sources in 1st reply in thread).

$rail coded

I don't think I've ever seen an asset as mispriced as $RAIL. Kohaku, a wallet SDK that directly integrates with @RAILGUN_Project, is being developed by the @ethereumfndn. This project is being co-led by none other than @VitalikButerin. Read that again. Vitalik, the literal founder of Ethereum, believes that Railgun is so critical to the long-term success of Ethereum that he is personally working on a project to bring Railgun to every single Ethereum user. And yet, despite this: - $RAIL is only at a $162m FDV. - No CEX listings - No major funds hold it - Few (if any) Ethereum thought leaders own it Opportunities like this don't come around often.