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BTC and ETH are the only contenders for being the ultimate decentralised source of trust: the settlement layer of the internet
It's hard to tap into this natively on BTC (eg jankiness of ordinals), it's a lot easier to do this on ethereum, via rollups and soon restaking services
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@kyled116
Jesus guys, how big is that 3AC avax position?
I get shilling, and I appreciate the signal to take up a position for the ride, but I've never seen shilling of this magnitude in a while, and I've been listening to UCC since the very beginning lmao
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619
Our VC friend says the quiet part out loud 👇
Class of 2024 is going to realise a lot later that many of you are not financial che guvera's for going balls deep into memecoins, you're just getting fish fucked by middle aged VCs who crafted a narrative to sucker you in.
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CEO of Tensor unable to figure out how to pay for warpcast via Base for just a few cents. Yes this is the CEO of a "top dapp"
QTs by Raj and Mert, both unable to comprehend how web3 works
These are not serious people. 🤡🤡
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@Austen
@haydenzadams
@Rob1Ham
You're missing the point
That's also literally what people in the cryptograhy community have been trying to achieve for decades
If it was easily possible without sacrificing decentralisation, we'd have gotten to it far before Musk's xanax laden tweets were needed
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@WilliamSutant0
@VitalikButerin
Ser you had 500 pristine ETH which cant be linked to fiat from a kyc'ed exchange and you transferred it to your ens address. A bit of a waste innit. But congrats on the find!
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If a bunch of Solana validators on a private discord can censor Candy Machine txs, imagine how trivial it is for State actors to request Solana block txs based on geographical location, wallet address etc 🤦♂️
Yet all that gaslighting about Nakamoto coefficients kek
Oh fuck. Solana Foundation published beta cluster restart instructions that include instructions to block NFT minting bots manually at the L1 layer.
🫣
"Don't forget, only censor the network until it looks steady again so we can start saving face with an online network."
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@JoeyWong_t3ch
OMFG this is Justin Sun levels of cringe
Uhh guys that was just a prank hehe we totally didn't rug you and then were forced to return the money because CZ and honchos squeezed us to return the money
Do they really think their users are 5 year olds?
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@bantg
@SlingshotCrypto
Not accurate to call Matic an L2, but it's also unfair to call it a side chain, when it does rely on the ETH L1 for checkpointing
TL;DR Matic is a commit chain, providing immediate scaling for the congested ETH L1 and much better than centralised alternatives like BSC and Solana
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Gary described home staking as providing a service (validating blocks), complicated, time consuming, risky and uncertain reward, words which would negate the Howey test
How long would it take for the market to realise yesterday's SEC action <derisked> PoS ETH as a security?
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@antiprosynth
Lack of marketing efforts by L2s with $billion eco funds is also remarkable tbh
Mfers will give retroactive grants for building Wakanda but can't spend a couple mil to educate retail on CT and counter fud around roll-up centric scaling, expecting .eth's to hard carry for them
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@gladstein
He literally posted on-chain transaction details, do you have a rebuttal for the facts rather than an appeal to emotion?
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So...large staking whales like Alameda and Jump would have near guaranteed tx success (mm those juicy arbs) during network congestion, while retail plebs have to click'n'pray?
"fee markets are uNfaIR so we went ahead and made it even more dystopian"
To address the general issue, engineers plan to introduce flow control in 1.9 with qos by stake weight, but now implementing this feature in 1.8 is the highest priority. The implementation uses quic to rate limit senders, and should be rolled out in the next 4-5 weeks.
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@LughSpear
@JamesSurowiecki
I sure hope James also lives under a bridge in open air because clearly only criminals with something to hide would live within the privacy of the 4 walls of a house
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@0xfoobar
@tayvano_
- no more guessing gas fee to be included in next block (HUGE ux improvement)
- part of fees are burnt, so we don't overpay for security
It's unclear how she can't get this, and instead harps about tx fees when no dev has ever said this. That's what Matic, Rollups etc solve.
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@lawmaster
@MoonOverlord
Lmaooo this guy and pepeXBT have clearly bet the house on these memecoins and lost
It's hilarious watching adult men post 10+ tweets blaming Vitalik for selling tokens that were sent to his own wallet, rather than taking responsibility for their shitty decisions
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@CGasparino
@coinbase
@Ripple
Which securities lawyer?
>You interviewed some dude behind a parking lot while getting a handy
vs
>You spoke to an in-house counsel of a top crypto firm currently in litigation with the sec
Huge difference in the weight of the news depending on the source, my man
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@PeterMcCormack
@nntaleb
No they won't, he doesn't understand BTC is a pristine reserve asset acting as a store of value, and is still labouring under the delusion that it's a currency for buying coffee with
What there to be gained by having this boomer on a podcast?
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@ashleighschap
But why just women? Do we not care about minorities, refugees, people from single parent families, from lower income families, with learning disabilities etc? Do they not deserve to be equally represented in defi as well? What steps is Uni taking to ensure this
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The biggest threat to Solana is if it's unable to capture mindshare among 100s of execution layers offering the same fast + cheap txs (Solana, Sei, Monad, Eclipse, Sui etc etc)
The biggest threat to Ethereum is another chain being more credibly neutral and censorship resistant
The biggest threat to Ethereum is that I am right and all the value capture happens in execution hotspots.
The biggest threat to Solana is that I am wrong and atomic composability isn’t important.
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With all due respect to the authors, this is completely unintelligible mumbo jumbo.
Here's an open challenge to the
@ethereum
foundation:
a) state the identified main problem succinctly
b) state how the proposed change to issuance curve specifically and definitively solves the
This EIP research post provides the rationale for adjusting Ethereum’s issuance policy to use a reward curve with tempered issuance. The post covers the relevant trade-offs that must be navigated, reviews security considerations, and discusses the endgame.
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@ashleighschap
Do you see why this is a silly, impractical and biased approach to diversity, and instead the only logical solution is to ensure that the hiring process is purely merit based (it shouldn't matter if you're a man, woman, frog or unicorn)
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@CitronResearch
a) Comparison ignores ethereum today has $6 million in average *daily* revenue, and negative issuance
b) OpenAI will be a trillion dollar business, well beyond it's $30bil valuation
It will grow exponentially
As will ethereum, as the base layer for the internet of value
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@basedkarbon
@mikedemarais
Even worse look when Mike was MIA while his community manager was organizing online mobs, and only woke up when the charlatan was exposed
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@EthDreamer
"Wtf, my inscriptions are erased after two weeks?" moment of realisation hopefully
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@TusharJain_
L2 settling on Ethereum = less money spent on inflationary token rewards for security = *more value captured for it's native token* by focusing on building an optimal execution environment
Black is white as usual in the Multicoin gaslit world
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@crypto_bobby
Or the time HSBC laundered $881 mil for drug cartels and not a single executive went to jail
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@AutismCapital
Its not funny, it's kinda sad that a 50 year old boomer is desperately trying to fit into what he thinks is the hip meme culture
Just like chamath's thirst trap pic, it tells that even billionaires have insecurities and crave validation and attention
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@TheStalwart
@lindsaylohan
@justinsuntron
Do you think she even knows what defi is lmao
Justin Sun paid a couple grand to her social media manager to send out that tweet.
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@safetyth1rd
Polygon effectively kills the TPS meme for Solana, and in any rational market, Matic would have a higher market cap than Sol
The breath of the dapp ecosystem and UX on Polygon compared to Solana is so vast it's almost hilarious
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@PeterMcCormack
@Decentralizd
@CryptoCobain
No he left ethereum one month into the development to work on cardano
It's interesting the founders of cardano(
#5
) and polkadot (
#6
) were both part of the original team assembled by Vitalik
20 year old Vitalik's ability to scout talent is criminally under rated imo
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@mysteryfigure
A non peer-reviewed preprint riddled with errors, without even a cursory vetting by EF researchers or client teams, thrown out into the public space and loudly proclaimed on social media...surely there was a better way to do this ser
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@NorthRockLP
Stacks doesn't derive it's security from BTC but from stx validators
Hard to understand the rationale to build on a chain with $1bil in security instead of a true L2 on Ethereum which immediately inherits $200 bil of economic security
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@manbeachproject
@balajis
@naval
@shl
Yeah it's pretty ironic the best minds in the tech scene are patting themselves on the back discussing open media and transparency and decentralisation on an app exclusively available to an in-group of connected folks, exclusively on Apple
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@Fiskantes
It's worse tbh, piss off a bunch of sophisticated devs enough and a white hat hack becomes black...and the end users end up becoming collateral damage in this pissing contest
Hope
@StaniKulechov
can talk some sense into this childishness from both sides
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@icebergy_
This is pretty endearing tbh
I'd chose this over suits with empty smiles and scripted lines shilling internet computers or whatever other VC shitcoin any time of the day
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@sassal0x
Satoshi's dream flourishes in Ethereum and the metaverse, while BTC withers away as an irrelevant community of boomers
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@TheCryptoDog
@jchervinsky
@solana
Solana would need to address why such a large percentage of validators are receiving funding from the Foundation today, and how/why that can be expected to change in the future
For example if the cost of hardware makes it unfeasible to be a validator without subsidy..no bueno
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@MustafaYilham
Why are miners rushing to sell equipment / relocate overseas before the official guidelines are out
It's likely there would be a grace period for miners to wind down their operations after the new regulations come out, no?
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@DegenSpartan
My man aped 7 figures into COIN and is now pondering Brian's grooming choices
Degen equivalent of post nut clarity
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@LynAldenContact
Wouldn't have expected anything insightful from a tradfi dinosaur wading into the crypto space as the "cool new thing"
No dev talent, no technical expertise... It's easy to see why "number go up" and "21m meme" are the only concepts you can grasp at the moment
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@JasonCatlette
@PhABCD
Well if those concerns are true, all the more reason why we should speed up the merge asap and move to PoS immediately
No longer being held hostage by parasite ;)
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BTC pushing contentious soft forks onto their "ossified" codebase to enable L2s
Soon, integrated Kyle and composability numba one manlets will push L2s on Solana as the best thing ever
Ethereum's roll-up centric roadmap is the only end game.
4 years ahead. No second best.
Ladies and Gentlemen, we're proud to announce...
Grass is the first ever Layer 2 Data Rollup!
We're preparing to change AI forever with an L2 that can process 1 MILLION transactions per second and settle them on
@solana
.
What does this mean for the future of Grass? Read on:
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@tedcruz
@CaitlinLong_
Thank you Senator Cruz for taking a stand on this
Have your campaign manager mint NFTs to raise funds for the mid-terms. We'll show our support
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@RaoulGMI
@cryptocrine
@RealVisionBot
@RealVision
@AshBennington
@edwardnh
@inversebrah
The wassie is summoned when something interesting happens on ct
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@lawmaster
No joke if BTC pumps on the 13th ima subscribe to her and pray for based Jupiter energy from now on
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@QwQiao
Any links to said "quality teams" building natively on BSC?
Last I looked, it's all projects with code literally ripped off Eth defi apps (like UniSwap), add a cringey title like Bakery or Pancake, add pastel colours and cute font and bam, future of france
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@drakefjustin
God speed sir!
It's not only the Eth community that wants PoS finality asap (so we're not held hostage by miner tantrums any longer), but there's a responsibility to the broader society as well, to phase out the energy wasteful PoW asap
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@haydenzadams
Step 1: cex owners and VCs find AMMs are eating their lunch
Step 2: make bogus arguments and "concern trolling"
Step 3: clutch pearls when rebutted (oMg cEx owNers haVe feElingS toO!!)
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@austerity_sucks
@QwQiao
Also, if humans gain chloroplasts then we can photosynthesize, and then we can just stand in the sun and make food, and then agriculture and farming becomes redundant, a victim of second feeder advantage
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*This* is precisely why serious NFT and DeFi apps are built on Ethereum - a truly decentralised and permissionless base layer
Yes you can sacrifice decentralisation for short term scalability with BSC or Flow, but get kicked out when the boss gets angry
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👇shocking that none of the reasons for adjusting the eth issuance curve (side effects 1-4) are provably serious network level crises
These are just subjective concerns which absolutely do not justify modifying the monetary policy of ETH in any manner
excited to share "Issuance Issues – Initial Issue" for some light™ easter weekend reading🥚🐰🥕
i changed my mind on issuance over the past few months and this article reflects the ideas that helped shape my understanding – hope it's useful!
▼🪙🍴🛣️🚪
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@safetyth1rd
Under PoW the block rewards were about 13,000 ETH per day
In retrospect it's shocking how much the network overpaid for security
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@phase2pointzero
@DaxTaran
@MihailoBjelic
@SamuelShadrach4
@lawmaster
@rocket_fuel_
@mewn21
@RyanSAdams
@sassal0x
@0xPolygon
I can't emphasize how true this is. ETH purists should chose their battles
right now, in the absence of widespread rollups or zk-proofs, the Polygon commit chain is a huge positive to the space, simple as that
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@DegenSpartan
Are we all going to gloss over how someone hacked into his computer, installed a fake metamask extension and made him think that he's signing a different tx to what he intended to?
This is some ninja level shit, would we start seeing more of this type of hack?
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@twobitidiot
@zhusu
Ryan, if you needed the attention on a chilly weekend you could have just asked for it, there's no need to trot out the security fud everytime you feel a bit left out of the action :)
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@AutismCapital
Wish this perspective was posted along with the booing form the stands clip
Dude makes a great point and is sincere.
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@poordart
@HsakaTrades
Low float High FDV Sam ponzis from early 2021 cycle collapsed, Ohm ponzis in late 2021 cycle collapsed, next is the partially collateralised algo stablecoin "experiments"
And during the height of each ponzi, pointing it out draws a bunch of v angry stans
@litocoen
To give credit to Sam, they near perfected the art of unloading shit to retail this cycle
Sam coins (FTT, Sol, Ray, Oxy, Serum) have a total FDV market cap of ~90 Billion$
All the DeFi blue chips put together barely hit that amount
There's going to be a lot of rekt bagholders
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@CryptoThrall
@ledgerstatus
What a missed opportunity, Vitalik and the ETH core devs should have consulted little Timmy here playing with his $200 portfolio on pancakeswap for the best insights into "conpsci" and scaling blockchains!
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@ChainlinkP
@AndreCronjeTech
Also it isn't 2018 anymore
and there's plenty of other L1s such as AVAX, Sol etc that have developed vibrant dapp ecosystems and yet have a lower valuation than this scam. Its a joke on the entire industry
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@NeilJacobs
You mean ethereum issuance has reduced, and is going to reduce again, constantly becoming sounder money?
Yeah the boomer bank is kinda right for once
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@cburniske
@elonmusk
@Tesla
The SEC humiliated him in public before. This is his bruised ego getting back at them
But, yes, in the process he's wrecking his personal brand. Tesla is esp vulnerable because its rise was driven by narratives much more than fundamentals, so this will cost him in the end
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@Darrenlautf
People spending $100k+ on pixelated jpegs
wish I had also paid more attention to the Nasdaq futures, BTC/crypto seems to follow that trend closely (except on steroids)
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@ModernConsensus
@Ripple
@Michael_S_Barr
@USOCC
@coinbase
@BrianBrooksOCC
@Anchorage
It's also ridiculous the press calls him "ex ripple advisor" when he's a Professor and institute director at the University of Michigan
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@gainzy222
@DegenSpartan
@VitalikButerin
I deeply believe in ethereum's solar punk vision and yet find Vitalik's holier than thou tweets are annoying as fuck
Not a single reprimand to SBF and his crimes, not a single condolence to the 1000s of innocent lives destroyed, but finds a new way to ride SBFs dick every day
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@oasisdotapp
"previously unknown vulnerability" "sole intention to protect user assets"
Oasis and the MakerDAO make for a first class circus
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@ceterispar1bus
@hasufl
He LP'd 75k into a pool 2, I wouldn't call him shilling ponzis, he's degening like the rest of us
In the end, you get rugged, learn, move on, and over time, anyone more than makes up for it in this space
The biggest opportunity costs are by those on the seashore afraid to swim
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@profplum99
Isn't exactly what you described (using assets as collateral and reinvesting loaned amount) a core feature of the traditional finance space, and called "capital efficiency"?
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STUTERRING GARY drops ETH from the securities list
SEC claiming SOL, ADA, MATIC, FIL, ATOM, SAND etc are all securities.
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EF math is when $70 for an additional 1Tb SSD + upgraded internet connection is too expensive and reduces global diversity of homestakers - so we can't raise the gas limit
but slashing validator rewards by >$2000 per year "will not meaningfully change homestaker dynamics"
excited to share "Issuance Issues – Initial Issue" for some light™ easter weekend reading🥚🐰🥕
i changed my mind on issuance over the past few months and this article reflects the ideas that helped shape my understanding – hope it's useful!
▼🪙🍴🛣️🚪
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@0xMert_
That's so strange, I was totally expecting mercenary capital to stay put on Solana for the endearing culture built around open sourced apps, emphasis on decentralisation to fight nation state level censorship, and transparent multi client core protocol development.
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@theklineventure
Hopefully with anon devs and anon teams becoming increasingly normalised, we can move away from this silly obsession with gender, race, ethnicity etc
The dev could be a frog for all I care as long as the project works and has good pmf
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@ashleighschap
>I’m saying...the most qualified female engineers and operators aren’t applying to work in crypto
Do you have empirical evidence for that, or is just woke ideas masquerading as fact?
It's also demeaning to the female devs and community leads here, to imply they are second rate
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@Darrenlautf
Surely you've heard of all the fast bridges that enable you to by pass this wait? Hop, synapse, anyswap, allbridge, x-pollinate, and more
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@MonetSupply
@0xGeeGee
@Evan_ss6
@MakerDAO
A user going to and clicking on "use DAI" is taken to , with no other options available
Is this the Oasis which is an "independent dev company"?
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@0xIndigo
Wtf is eth2? That term is meaningless, EF nor the devs use it anymore
You mean PoS merge? Q2/Q3 this year
Data sharding? '23 most likely
Execution sharding? Unnecessary, as it's made obsolete by rollups
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@icebergy_
@the_pickle_jedi
@CryptoMessiah
An iceberg teaching a pickle how to interact direct with the sc. Only in defi
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@iamDCinvestor
To say this when there's multiple teams working relentlessly on rollups, even pushing the academic boundaries of what's possible (and which will be later incorporated or forked by other projects) is pretty low tbh...
We're at the VCs demonizing devs part of the cycle I guess
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Was looking forward to a chilled banter session, but there's tonnes of great advice and perspectives in here that I didn't expect 👀 a must listen as usual
In this episode,
@zhusu
and I sat down with legendary trader
@CryptoCobain
to discuss
- the bull case for Ethereum and its upcoming catalysts
- whether ETH can flippen BTC
- what advice has helped Cobie to survive several market cycles
Enjoy!
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Jordan Belfort shilling ponzis on Binance Smart Chain
That perfect brand alignment *chefs kiss*
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@TikTokInvestors
@BarrySilbert
@nytimes
@kevinroose
Wait how is turning $180k into a mil supposed to be impressive in this market?
Anyone in ethereum/DeFi since last summer would have 7figure+ portfolios starting from much less than $180k, as ETH alone 20x'd in that period.
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@AstonMartinICON
@CryptoGainz1
If it makes you feel better, someone from the icx team is snorting coke off a kpop starlet's ass with your generously donated $millions right now
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@SBF_Alameda
Sam it's not just PR, isn't it worrying for the space when Alameda makes $80 mil for what seems like an FTX listing and partnership announcement?
I'm trying to understand what value was Alameda planning to deliver to a project in exchange for the $80 mil they angrily wanted
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VCs who actively invest in alt L1
#1051
launched half a decade after Ethereum complain about infinite VC bid for infra
The irony, I smell it
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@econoar
Tesla exploring using crypto with <1% of the energy consumption of BTC
That has to be ETH after PoS finality right
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