mogluc
@0xMogluc
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Opinions are not my own due to an absence of free will | DeFi | ML | Misc
Joined September 2021
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Seems like a bunch of KOLs got allo on this one, so expect plenty of shills to come
The point of EigenLayer is to use the decentralized and permissionless Ethereum validator set to provide security for new applications, so they don’t have to bootstrap it themselves.
Using
Karak was built by crypto natives and a team with experience across Coinbase, Google, AWS, Microsoft, Twitter, Goldman Sachs, and raised $48M at $1B+ from the best in the world
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@Ly_AlphaF
Labour laws are perhaps the largest causes of poor EU entrepreneurship - they cause immense friction in scaling a company by making hiring costly and irreversible
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@gbrl_dick
@fradmonk
GDP growth was ~0% until the Industrial Revolution. We have a clear example of a dramatic step-change in economic activity in recent history. Your appeal to history is not as convincing as you think it is
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@arankomatsuzaki
@AsfiShaheen
Publishing articles like this without releasing the model or dataset is so boring 🥱😴
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TIA is destined to be the next LDO and no amount of ‘modular money’ memes will change that. When VCs own 60% of the supply and are up 1000X on paper, you are destined to underperform. It’s the laws of financial physics.
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@LynAldenContact
@DangVinh1f9oz6c
This is hilariously wrong. Computing power is fungible and nation states can and do have the most - if they start a 51% attack they can continue indefinitely. In PoS, if a bad actor 51% the network, the community can fork and the bad actor loses all capital
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I wonder who will be the first DeFi protocol to fully embrace on-chain treasury bonds… We now have 3+ reputable protocols offering t-bill yields on chain, all that’s needed is a stablecoin issuer to allow minting against t-bill collateral.
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CT is bearish on ETH merge, to counter-trade: buy ETH -> swap ETH to stETH on dex (+2% instantly) -> wrap to wstETH now earning ~4% p.a. -> deposit on Euler and earn another ~ 3% p.a.
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How come blue-checks always have the worst takes possible? The idea that PoW is more resistant to 51% attack than PoS is so wrong theoretically and practically that I don’t even know where to begin.
@DangVinh1f9oz6c
Nah. If someone spent *billions* to obtain 51% of bitcoin hash rate and started censoring transactions, it could cause an uproar and raise capital to make new ASICs and regain control.
If someone gains 51% control of a proof-of-stake system. It's checkmate. Done.
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@TaikiMaeda2
Security is a pretty big trade off! I’d rather pay an extra 5c per tx to have the full security of Ethereum
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@niteshnath
@scott_lew_is
AMMs have a better UX and are more composable than CLOB. Liquidity in AMMs can be locked, staked, traded, and used as collateral — this is not true for liquidity on CLOBs. DeFi is about programmable money, and AMMs provide programmable liquidity.
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@_franzihei
@peter_szilagyi
Is this really “sad”? There is nothing stopping a women from participating or contributing. Maybe many women just don’t want to do this kind of work? What I find sad is that every time a group of men are photographed someone has to complain about the lack of women.
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@MaxJReyes
Have the regulators made any statements on why they closed Signature? Seems like an unprecedented move
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@resdegen
@TaikiMaeda2
Why do you have to dm a wallet address? It’s public info, just post it bro
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@cauchyfriend
Many such cases. They live in their own reality bubble and can’t be reasoned out of it — their entire world model depends on it
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@Crypto_McKenna
Miners have have censored transactions in the past; this is not an issue with PoS intrinsically, PoS just makes it more visible. The main issue here is centralization of block builders (i.e. Flashbots)
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Here’s a simple idea that shouldn’t be controversial: if a network/protocol ‘spends’ more on inflation than it generates in revenue, then over the long run it’s value will approach zero.
And under PoS, a blockchain’s security is dependent on the value of the native token.
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This is an incredibly important point: not only is there nothing wrong with an investor earning a return, decentralized money like ETH *needs* to accrue value in a neutral manner for this whole system to work correctly.
Vampires like Hayden enrich themselves selling worthless
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@ponzisaur
@DegenSpartan
That’s a nominal return. You’re getting 4% on cash that is inflating at >5% p.a. Cash has negative real yields. ETH gives you ~5% yield plus 0.5% deflation so you’re getting a >5.5% *real* return. Huge difference.
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@llamaonthebrink
He fundamentally doesn’t like crypto because it violates his political world view. Blaming meme coins is a more convenient excuse than having to admit that he doesn’t like the idea of markets outside the control of the state.
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@aeyakovenko
Many DAOs have bloated treasuries and spend their funds capriciously under the guise of ‘growth’. Burning tokens is credibly neutral and returns value to the central token in the economy. Having a valuable central token is actually really good for growth long term.
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@crypto_condom
@danielesesta
Also Merlin candles are an extremely stupid way of allocating revenue to stakers: slippage and fades destroy a lot of value. Regular (small) buybacks and MIM dividends would be a far superior option.
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@zackvoell
@SizeChad
Why do all these dudes have high pitched voices? Seems like they have negative testosterone levels
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@degendevv
They have minimal capital so the returns from attention/engagement farming is greater than the financial returns from the actual airdrop. Once you become a large influencer you can make quite a bit from referrals etc.
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@koeppelmann
Yes I’ve been harping on about the fundamental lack of alignment between L2s and Ethereum for a while now, but there doesn’t seem to anyone taking these ideas seriously.
In a future where rollups use their own token for gas, pay Celestia for DA, and the core devs deprecate the
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@rlnotstine
@SenToomey
Yeah, keyword is ‘companies’ - they were caused by errors of human judgement that have occurred before in traditional finance. Nothing to do with the underlying cryptocurrency.
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SOL has the same problems as TIA and LDO: a majority of the supply is held by VCs that are up 100X and waiting to dump on you. The ‘moneyness’ of BTC and ETH is not due to technical factors, but rather the distribution of coins. Don’t be lead astray by these predators
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Squeeth is so cool
Does somebody have a red flag? Because you just summoned THE BULL.
Terrible jokes aside, Opyn is pleased to announce its newest automated squeeth strategy: the Zen Bull 🧘♀️🐂
You’re going to want to read this 👇
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@cto_junior
If a credential has concrete utility, its holders feel little need to promote them publicly. The less intrinsic value a credential has, the more the holders will harangue others in order to defend their sunk cost.
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@suitercl
@nic__carter
lmao it’s taken you this long? Since 2021 the whole party has been blatantly and aggressively trying to destroy crypto
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@YettyWapp
See Sam Kazemian’s reply here:
Sam: There's 2 issues with what he's saying: 1.) We bribe by far the most out of anyone, sometimes comprising almost 50% of all the bribes per period. Him saying "Curve/Convex makes almost no revenue from Frax" is insane. We are almost 1/5
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@pastapiu1
@SmallCapScience
No, in the long term (9 months) it will be redeemable for 1 ETH plus yield
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@gbrl_dick
@fradmonk
I don’t really want to have to argue on this side, but if you think that achieving artificial general intelligence will result in GDP growth <5% then you need to dream bigger.
The industrial revolution caused a 10-100x increase in economic activity and all it took was steam
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The amount of capital this could suck on chain is incredible. People thought that DeFi was a low interest rate phenomena, but actually DeFi’s composability makes it superior in all interest rate environments.
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@iamDCinvestor
I fully agree, but it starts with the core devs. Despite users clamouring for more L1 capacity, the core devs refuse to consider it an important issue since “in theory” we should outsource all activity on Ethereum to L2s — even though these L2s are run by competing entities and
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People are dunking on this guy but he’s actually right. Yeah it’s somewhat cool you can run a Ethereum node on bad hardware, but the consequence is that all the transactions are being pushed to L2s with centralized sequencers and nodes that won’t run on RPis. So what’s the point?
It costs 50,000$ to stake a node but somehow it's super important to be able to run it on a 50$ raspberry pie 🤷♂️
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@JonGalt14
@ConvexFinance
@Votium
Frax understood that to become a dominant stablecoin they would need significant on chain liquidity and that they would have to build that by investing heavily in the Curve ecosystem. Now Frax owns so much veCRV and vlCVX it’s basically the de facto stablecoin of the system.
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Amazingly I think this is actually directionally correct, albeit exaggerated for effect. In 10 years it is quite possible that human labour is obsoleted and capital dominates. Not much time to secure resources and independence if this is the case.
IN 2 YEARS AI DOES YOUR JOB FOR FREE
2 YEARS TO MAKE 20 MILLION DOLLARS
WHAT'S YOUR PLAN? WORKING A "JOB?"
THERE'S NO TIME
MAKE RISKY INVESTMENTS. THIS IS NOT FINANCIAL ADVICE. YOUR DESCENDANTS ARE DOOMED IF YOU DON'T BET MORE
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@cburniske
Of course, but as a long term investor in this space you can simply opt-out of the inane bull/bear dichotomy and just talk about tech and fundamentals. Half the problems in this space is because everyone has a schizophrenic price targets that change day to day. Be better.
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@pzetehr
@IntelCrab
Everything normal except for military vehicles... Seems like an important exception. What would make you feel like things are not normal?
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@dirac_sol
One point is that Frax is an ‘ownable’ version of USDC. That is, we can’t own equity in Circle and collect revenue from USDC usage, but we can own FXS and collect revenue from Frax usage. Secondly, it is more decentralised than USDC and will become more so over time.
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@econoar
If we increase capacity by 30% and fees stay the same, then revenue will also increase by 30%. This will directly improve the economic sustainability of Ethereum and the security of the whole ecosystem by default. Not to mention it will also boost staking yield, which should
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@secondbris
@zhusu
Zhu negging ETH to pump his LUNA/AVAX bags was the height of VC bull-market excess. He is responsible for a lot of retail yuppies getting blown out on these beta-chains
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@JonGalt14
@ConvexFinance
@Votium
There are a couple of unique things about Frax, but in this instance I think it’s simply the case that Frax takes the Curve ecosystem seriously. The 3 incumbent stables were lucky to be included in the 3pool by default and so haven’t had to care about on chain liquidity as much
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@TrustlessState
Modifying the issuance curve now is so stupid. If you want ETH to have monetary premium then you can’t fiddle with the issuance curve every few years.
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Ok so something is definitely happening with Arbitrum - so much bidding in the past month (on no public hints) leads me to think this is legit:
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@by_caballero
@Ly_AlphaF
Tech workers in the EU receive dramatically lower compensation than those in the US, so much so that many leave the EU permanently. It turns out that innovation and growth generate prosperity for all
involved, whilst red-tape harms all via stagnation. I prefer a society that
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bloomberg npcs being confused by milady culture is a core feature, not a bug. if boomers like your nfts idk what to say but it’s not good 😬
I just discovered today what “milady” is from a thread by
@AnthonyLeeZhang
on “quality NFTs acc to his cool friends”. For a while bc I was confused, I thought “milady” was how
@nope_its_lily
jokingly referred to herself. Then I just looked it up, WTF are you guys doing???
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@Mudit__Gupta
How is the private key leaving the device? Isn’t the whole idea of a hardware wallet that the private key *never* leaves the device??
@ledger
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@BigDickBull69
Shh there are a few more Solana airdrops I’m waiting for that I would like to launch at obscene FDVs so I can dump on the manlets again
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@stevenshi_
The crazy thing is I don’t think your EigenLayer FDV is high enough. Celestia is trading at $14B and went as high as $20B FDV — EigenLayer offers a superset of Celestia (EigenDA + AVS + others) and has significantly more hype and TVL.
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@NorthRockLP
Does no one just hold crypto long term anymore? I know macro sucks, but much of that could clear within a year. Moving in and out of positions introduction taxes, transactions costs and double the number of chances to be long. Risk premia reward long term investors.
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@peter_szilagyi
I have many criticisms of Solana, but if you can’t see that the current path of Ethereum development is insufficient then you are simply burying your head in the sand. What are you really achieving if you’re losing all the users? You are doing the same thing the small-blockers
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@sassal0x
@TrustlessState
Anthony you are well aware that the fees paid to the Ethereum L1 will be minuscule after 4844 is implemented.
When I bring up the issue of ETH value accrual in the age of L2s I’m often told that using ETH as the gas token is more important than the magnitude of fees paid, since
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@QiaochuYuan
Many people do this weird thing where they tweet without any context, yet with the implication that the reader should know what the context is.
I am currently undecided if the authors are doing this deliberately as a way of enhancing engagement, or if they are just live in their
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@teddywoodward
It’s impossible not to be when you see the sheer malice of those in power currently
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Demand for blockspace is at a cyclical low, supply is at an all-time high, and no blockchain accrues more fees than it pays for security (!!). Why do we need to subsidize L2 fees even more? A token swap on Arbitrum costs $0.05 - the problem is low demand, not low supply.
L2s are buying more L1 gas than ever
The chart below should continue growing steadily until EIP-4844 goes live, at which point L2s will switch over to using the new blobspace, and we'll have scaled 100x+ overnight.
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@bantg
Yeah it’s actually quite fast using GGML on an M2, so should be even better on M3 Max:
M2 Ultra serving Q8_0 LLaMA-v2 70B to 4 clients in parallel
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@rugsurfer
@choffstein
The stock market pre-1990 was not electronic and so the market structure differed immensely. Modern stock market data has mostly been gathered in a regime of down-only interest rates.
I would also add that interest rates are only one of many factors that have changed since 2020.
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I’ve used Ethereum since the day it launched in 2015 and I am an ETH maxi be any standard — yet I can still appreciate what monolithic chains like Solana are doing. Meanwhile VCs promote L2s that siphon value from Ethereum and pretend to be the good guys…
Damn L2s gonna set us back decades
They actually take us back pre Bitcoin launch in 2009, we start to forget everything and crypto disappears eventually
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All the talking head VCs are talking up the Solana UX recently (after the price went up lol) but are any of them actually using it? I’ve been trying to adjust my Kamino positions and 9/10 transactions are failing — practically unusable.
for the love of christ
**increasing fees to high values will not help you land your transactions**
you are all wasting money
the fee mechanism is **buggy**
you need to beat the median (which is like $0.003) & then the rest is up to luck 😃
may the odds ever be in your favor
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Are there any benchmarks of the 7900 XTX vs 4090 in LLM workloads? Would be very cool if AMD actually becomes competitive in the AI sector
AMD releases ROCm and PyTorch supported driver for Radeon RX 7900 XTX
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@zack51499738
@ASvanevik
It’s not a scam lmao. The devs made a lot of money and people are mad because price is down, even though the tokenomics and allocations were public and known to anyone who bothered to look. Just bad investment decisions.
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@OuroborosCap8
Why are you suddenly relentlessly fudding everything after been a huge bull for the previous year? Everyone knows how bad macro is, yet you’re spreading fear after we’re down 80%. No problem with balanced view, but you should have done that a year ago.
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@Arthur_0x
24/7 is so much better. If not 24/7 then which hours? Which Timezone? It becomes impossible for a truly global financial system. Also nothing is worse than wanting to trade after market hours - you just get gaps at the open which are way worse.
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@0xMughal
@fraxfinance
This definitely would add a lot of value to Frax. The current UI/UX is quite bad and I think the main issue is a lack of cohesion and focus in their product: a new DeFi user would have a hard time working out what Frax’s actual product was when presented with the current app.
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@CurveFinance
Plain ETH is fine, same with WBTC. More interesting would be Tricrypto, 3pool and other curve LPs 👀
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@Roko__eth
Yeah and a lot of virus (herpes virus family, HPV family) are never fully cleared by the immune system and become latent infections that slowly degrade your health and accelerate aging. Being exposed to pathogens is definitely not a good thing.
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As prices rise in a bull market, buyers have to absorb greater amounts (in dollars) of miner selling. This is one reason why blowoff tops have been historically common - miner sell pressure eventually overwhelms buyers.
Ethereum with PoS has the opposite force: when prices rise
$1B bitcoin inflation (17K BTC) this month
$100M ether deflation (42.5K ETH) this month
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