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David Hoffman

David Hoffman

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Optimistic storyteller of frontier technology. The chaotic side of @Bankless

Recent Posts

AI Knows You Too Well: Is Privacy a Lost Cause? | Andy Yen, Founder of Proton
Video•Dec 15, 2025

AI Knows You Too Well: Is Privacy a Lost Cause? | Andy Yen, Founder of Proton

The video is a conversation on the Bankless podcast between host Ryan Sean Adams and Andy Yen, founder and CEO of Proton, the company behind ProtonMail. The discussion centers on the accelerating erosion of digital privacy in the age of generative AI, arguing that AI tools are deliberately engineered to be addictive and to adapt their language to each user’s personality, potentially knowing users better than their closest friends or even themselves. Key insights include the observation that AI chatbots such as ChatGPT and Gemini record and retain every user interaction under a persistent user ID, allowing the companies that run them to mine the data for product improvement, targeted advertising, and even direct commerce. Those records are accessible to company employees, can be subpoenaed by law‑enforcement, and have been subject to accidental leaks and breaches. Yen cites the New York Times lawsuit against OpenAI and the 2023 Coinbase data breach as concrete examples of how conversational data can become public or be used as legal evidence. Notable quotes underscore the gravity of the threat: “AI could know you better than even you yourself,” and “the information you give to ChatGPT becomes part of its brain and can be regurgitated to others.” Yen also points out that 80‑90 % of the population lacks awareness of these risks, making the average user “quite screwed.” He recommends adopting the Proton privacy stack as a practical first step and stresses that privacy is a journey rather than a binary state. The implications are clear for both consumers and businesses: as AI becomes the central interface for information, commerce, and even personal counseling, the concentration of intimate data in the hands of a few tech firms creates a powerful asymmetry. Regulatory frameworks such as the EU’s chat‑control legislation and stronger encryption protections are essential, but immediate user‑level actions—encrypting communications, limiting data exposure, and demanding transparent data policies—are critical to preserving digital freedom and preventing a future where privacy is effectively lost.

By David Hoffman
Bear Market Wasn't Over—It Just Started
Social•Dec 14, 2025

Bear Market Wasn't Over—It Just Started

we were in schrodinger's bear market right up until this point plenty of people thought the worst was over, and it was safe to buy. then one day everything dropped 50%, and we all realize the bear market is just...

By David Hoffman
Freedom Demands Resilient Rails and Self‑custody.
Social•Dec 13, 2025

Freedom Demands Resilient Rails and Self‑custody.

@TrustlessState freedom needs resilient rails and self custody, fam

By David Hoffman
Essential Metrics Every Token Sale Investor Must Evaluate
Social•Dec 12, 2025

Essential Metrics Every Token Sale Investor Must Evaluate

When analyzing a Token Sale, what info is most critical to you as a potential investor? - Raise Target - Raise Valuation - Sale mechanism - Lockup terms, if any - Discount to last equity round - Last raise valuation - Previous Raise history - Previous VC...

By David Hoffman
Corey Frayer: How FTX Stopped Crypto Regulation Cold
Video•Dec 11, 2025

Corey Frayer: How FTX Stopped Crypto Regulation Cold

Corey Frayer, a former senior regulator at the SEC, explains why the U.S. has struggled to bring crypto under the same securities framework that governs traditional finance. He notes that the market already contains hundreds of intermediaries and thousands of...

By David Hoffman
SEC's Hubris Undermines Trust, Fuels Crypto Resistance
Social•Dec 11, 2025

SEC's Hubris Undermines Trust, Fuels Crypto Resistance

I've been reflecting on our episode with Gary Gensler's lieutenant Corey Frayer this week. There's something I wish i said to him. The thing that pissed us off about the Gensler crusade and Operation Chokepoint was the absolute hubris. You used hallowed American...

By David Hoffman
Tempo's L2 Status Still Unjustified, No Reason Yet
Social•Dec 11, 2025

Tempo's L2 Status Still Unjustified, No Reason Yet

I still haven't heard a good reason why Tempo isn't an L2

By David Hoffman
Ethereum L2 Tops Perps DEX Volume, Proving Scalability
Social•Dec 10, 2025

Ethereum L2 Tops Perps DEX Volume, Proving Scalability

An Ethereum L2 takes the number 1 slot for perps DEX volume. I guess L2s can scale. https://t.co/S5oC40sdxS

By David Hoffman
Crypto Leads Fight Against Quantum Computing Threats
Social•Dec 10, 2025

Crypto Leads Fight Against Quantum Computing Threats

The crypto industry is society’s spearhead to combat the threat of quantum computing Crypto will produce solutions that society will use to protect itself from quantum attacks This will be good for crypto Ethereum

By David Hoffman
Tom Lee Adds $430M ETH, Showing Relentless Buying
Social•Dec 9, 2025

Tom Lee Adds $430M ETH, Showing Relentless Buying

Tom Lee bought another $430m ETH last week. The guy is relentless. https://t.co/zcCV2TrXIF

By David Hoffman
On‑chain Capital Formation Returns with Refined Auction Design
Social•Dec 6, 2025

On‑chain Capital Formation Returns with Refined Auction Design

The ICO meta is returning But this time, we have 8 years of auction mechanism design r&d Fair, orderly, and efficient capital formation on publicly available internet ledgers The future of capital formation is onchain #Ethereum

By David Hoffman
Crypto’s Agentic Future: AI, ZK & Money Networks at Bankless Summit
Video•Dec 6, 2025

Crypto’s Agentic Future: AI, ZK & Money Networks at Bankless Summit

The Bankless Summit in Buenos Aires showcased a quartet of forward‑looking talks that explore how AI, zero‑knowledge (ZK) proofs, and new payment standards could reshape the crypto ecosystem. Lincoln Murr of Coinbase introduced X402, a revival of the HTTP 402...

By David Hoffman
Inside Look Reveals Why Gary Gensler Acted
Social•Dec 5, 2025

Inside Look Reveals Why Gary Gensler Acted

I never thought we’d get the chance to get an inside peak at Gary Gensler’s SEC Yet here we are So much clarity and understanding as to why Gary did what Gary did Must listen 👀

By David Hoffman
Nearly 10 Days
Social•Dec 5, 2025

Nearly 10 Days

140,040 minutes of Bankless 9.75 days of listening in 2025 186 episodes 3.59 episodes per week That has got to be every single episode Incredible @bartomolina 🙇‍♂️

By David Hoffman
Ethereum Address Wrapped: Your Crypto Year in Review
Social•Dec 5, 2025

Ethereum Address Wrapped: Your Crypto Year in Review

We built spotify wrapped for your eth address https://t.co/r3KrhWPY39 https://t.co/tGU1jUYPcO

By David Hoffman
Banks Flock to Ethereum L2s, Creating New Capital Hub
Social•Dec 5, 2025

Banks Flock to Ethereum L2s, Creating New Capital Hub

Squint and you see a world where every bank becomes an Ethereum L2. Say UBS bank wants to execute a $500m money market loan from Aave - they can now do this privately from their L2 - no bridging. The reason banks...

By David Hoffman

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