DaoChemist (🌽,🌾)
@DaoChemist
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👨🏿🌾 DeFi Farmer | 🤑 Angel Investor | 📰 Member at @GokhshteinMedia
The Metaverse
Joined July 2008
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@sgoldfed @jessepollak The real question is when y'all gonna put this treasury to work in a trustless and transparent way to further secure the network. Namely, when y'all gonna run your validators on @stakewise_io and let your DAO earn on those ETH.
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All you haters can pipe down with that baseless (pun intended) FUD and go home. Much ado about nothing, as always. The ticker is $ETH.
This narrative just isn’t true — here are the facts: Base is and will continue growing Ethereum. We’re investing all of our earnings and resources into doing this and we have gone from zero to millions of new people onchain in 1.5 years. Base and Coinbase have and continue to hold ETH and publicly disclose our long term holdings (100K ETH+, $300M+). AFAIK this is the largest ETH holding of any public company and way bigger than any other L2 DAO or Labs company today. Base currently uses offchain custody for security and audit reasons (that’s why funds move to Coinbase). We earn and spend as much as we can in ETH. We spend ETH on L1 costs, we denominate all of our external grants in ETH, our goal is to continue to move more of Base's costs to function in ETH, and we are working hard to move more of our operations onchain. We also have offchain expenses (like salaries) that are denominated in USD, but any ETH we convert to USD to cover this is minimal compared to our holdings and the broader ETH market Let me say this again: Coinbase has accumulated $300M+ in ETH, which is more than 2x all of Base's ETH earnings over time We are 100% laser focused on long term growth, not short term price movements. We wake up every day thinking about how to bring the world onchain, and if you believe in this mission, build something to help make that happen. Spreading about FUD on the weekends isn’t it.
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@cryptogigachad4 @DeFiDaniel @AndreCronjeTech @EspressoSys You’re one of those gold fish with short attention span? Those projects are less than a year old. This is the problem talking to retail, y’all best to stick to memecoins and other short term, zero sum, price action games. Aint built for the long games.
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@cryptogigachad4 @DeFiDaniel @AndreCronjeTech @EspressoSys Men lie, women lie, numbers. Put your metrics up or keep talking empty rhetorics, in the end, your bags will tell the real story.
✅ Coinbase ✅ Kraken ✅ OKX ✅ Samsung ✅ DeustcheBank ☑️ UBS Anon, how many L2 do you need to see from institutions to get the message? The ticker is $ETH.
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@cryptogigachad4 @DeFiDaniel @AndreCronjeTech @EspressoSys I'm stuck on research, which your take seem to be devoid of. I take all information, knowledge or insight you have. So far, it's been poor in that department, meanwhile I'm provided plenty of that. Up your research game and get back at me when you're on the level.
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@DeFiDaniel @gunner_messi @AndreCronjeTech Dang, gotta hop on the shower and get the day going, let's do later today then!
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@cryptogigachad4 @DeFiDaniel @AndreCronjeTech @EspressoSys You greatly underestimate the planning and process-oriented nature of corporations. They didn't just react to seeing Base profit and jump on the wagon. Those decisions were years in the making, with the R&D team looking at business cases and streamlining operations.
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RT @DaoChemist: @AndreCronjeTech I prefer the chain that creates a sound business model to onboard companies onchain, so their operations,…
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RT @AssalRad: The West Bank is getting almost no media coverage. How is this not newsworthy?
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@russian_acai @eins_ape @AndreCronjeTech I got it from doing my research. You can follow me and see it for yourself.
✅ Coinbase ✅ Kraken ✅ OKX ✅ Samsung ✅ DeustcheBank ☑️ UBS Anon, how many L2 do you need to see from institutions to get the message? The ticker is $ETH.
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