Nate | eatsleepcrypto.eth 🌑
@OfficialESC
Followers
1,297
Following
1,093
Media
377
Statuses
4,092
@eatsleepcrypto backup | t(∆) @tokendynamics | privacy advocate | censorship-resistance maximalist | writing about tokenomics and related topics since 2017
Earth
Joined March 2018
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
#GDHlineup2025
• 471487 Tweets
#TrailerTheParadiseOfThorns
• 311407 Tweets
ENGFA WIMARNNAAM 1stMOVIE
• 231937 Tweets
#นุนิวxหนังจีดีเอช
• 210751 Tweets
BKPP x GDH 2025
• 133307 Tweets
#SB19WinsKidsChoiceAwards
• 108810 Tweets
Performance Video
• 87127 Tweets
A'tin
• 67475 Tweets
Macharia Gaitho
• 59983 Tweets
Karnataka
• 55260 Tweets
Sarıgül
• 48349 Tweets
Seine
• 46717 Tweets
DAOU WITH GDH
• 45175 Tweets
#らんまアニメ
• 33629 Tweets
Nasi
• 30957 Tweets
ランダム商法
• 23327 Tweets
PRABOWOlanjutkan KerjaJOKOWI
• 18664 Tweets
ニィロウ
• 18172 Tweets
KitaBANGSA BesarDISEGANI
• 17953 Tweets
Anne Hidalgo
• 15370 Tweets
gracie
• 12401 Tweets
プラスワン
• 11964 Tweets
🧵1/x
Buttcoin: A privacy-preserving, sybil-resistant identity solution
#ETHCC
#ETHGlobal
ETHParis 2023
by
@SenseiFugazi
, karrenbelt.eth,
@ajeykb
, courtesy of
@tokendynamics
81
102
671
@JustAnkurBagchi
@Object_Zero_
How do you think you would feel if he had explained with an example?
9
0
306
THORChain is to crypto as Uniswap was to Ethereum
11
23
196
🧵Introducing 𝑷𝒊𝒏𝒅𝒆𝒑𝒆𝒏𝒅𝒆𝒏𝒕 📜
An incentive system as a composable smart contract which:
- pays hosts of a DeFi protocol's front end
- across chain, without bridging assets
- using the real yield of that protocol
A
@tokendynamics
hack with
@FlowTranquil
at ETHOnline
6
79
65
fuck gary
fuck the SEC
fuck the DOJ, the IRS, the FBI
fuck FINCEN, fuck the FATF
fuck the ADL, the NAACP
fuck y'all if you doubt me
and especially and most of all
FUCK SUSAN from HR
🖕🤡🖕
6
11
52
“Tornado Cash was the second example of zk snarks in production… the genie is out of the bottle.”
-
@ameensol
re: the future of on-chain privacy
4
11
58
@SenseiFugazi
@ajeykb
@tokendynamics
@provenauthority
🧵6/x
#2
You can lose your eyes, but you can’t lose your butthole
1
2
50
@batouposting
@UubzU
@lisatomic5
@lkbm
this is not a Prisoner's Dilemma - there's no punishment for defecting, and no additional reward for cooperating
2
0
52
“You can’t censor people if you can’t censor their money.”
@TheDesertLynx
explaining the importance of using crypto for payments, and taking advantage of the historic moment we have today
#ETHDam
@CryptoCanal
1
11
47
Intro clip from my talk at
@tokengineering
Barcamp after
#EthCC
in Paris 🇫🇷
I enjoyed this one and the questions that followed - thanks to everyone who made it a success 🙏
@akrtws
@pat_zip
@natesuits
@Jules_Foa
@ajeykb
2
5
46
Donating to Roman and Alexey's legal defense is one of the biggest impacts you can make in crypto
The outcome of these cases will have far-reaching implications and will steer the course of crypto development for decades
2024 is the year that will define the rest of my life.
Honestly, I’m scared. But also hopeful that this community cares with a passion.
Please donate towards my legal defense.
260
2K
6K
4
8
38
100% agree with the sentiment - great to see people concerned about the facade of decentralization
cost-to-attack is a more concrete metric, let’s start using that
“Decentralization” is becoming a meme for DeFi. This can’t happen. It can't become a platitude for anything related to crypto that isn’t Coinbase.
We need to concretize and codify what decentralization means.
Presenting: the RabbitX Decentralization Ranking System (RDRS) 🧵
8
61
211
1
12
39
@SenseiFugazi
@ajeykb
@tokendynamics
@provenauthority
🧵10/x
The model training is complete, and we have removed the cameras from the toilets
1
3
42
@SenseiFugazi
@ajeykb
@tokendynamics
@provenauthority
🧵5/x
Reasons Buttcoin makes more sense than existing identity solutions:
#1
Anyone can take pictures of your eyes, you only send pictures of your butthole to people you trust
1
1
41
Epic week in Prague, too many stories to count.
Thanks to
@EthPrague
@PragueDefi
@web3privacy
@Paralelni_polis
@TMIYChao
for making it happen.
And a final congrats to
@praaveteam
and Sauna Bound for winning prizes, building on
@RAILGUN_Project
,
@taikoxyz
, and
@AaveAave
1
1
39
I was pro
@eCashOfficial
in the $XEC - $BCH fork for the same reason I take issue pure governance tokens on Ethereum
If those who control a protocol don't benefit directly from its success, they will subvert it for their own ends
Credit:
@TheDesertLynx
's podcast
@DigitalCashNet
3
12
37
@SenseiFugazi
@ajeykb
@tokendynamics
@provenauthority
🧵9/x
An extra thanks to everyone who informed our training data, intentionally or not
We will be airdropping you all tokens, please redeem them by visiting The Plug and connecting your imprint to your Ethereum address
1
0
37
1/ Been thinking a lot about token design lately
Made a tier list similar to
@yeak__
's and will challenge another token economist to make one at the end of this thread
These are not financial recommendations - good tokenomics are necessary but not sufficient for long-term gains
5
10
39
been saying this for years
$XMR has a strong price floor from its use as a medium of exchange
it passively tracks inflation and rebounds the hardest every time
#bitcoin
dips
8
3
36
it's increasingly obvious to me that VC's don't give a shit about crypto
even the best ones are happy for you to ship a protocol that's doomed to fail after their tokens vest
5
2
34
@SenseiFugazi
@ajeykb
@tokendynamics
@provenauthority
🧵4/x
Buttcoin uses "The Plug" - our prototyped, trusted hardware to generate a zk proof of uniqueness using somatic mapping technology
2
1
32
@CVitalist
they should take the wolves crossing state lines in wyoming
and put them at the southern border
0
0
29
@SenseiFugazi
@ajeykb
@tokendynamics
🧵2/69
Existing identity solutions don't fully preserve user privacy
Finally there is an alternative
1
0
30
dao's are beat
what I want is the original vision of dao's - DAC's
as normies invaded, decentralization got conflated with equality
what we actually need are an alternative to corporations
9
2
33
@llamaonthebrink
Proof of work was a distribution mechanism first, consensus mechanism second
Now that digital cash exists, proof of stake can be adopted
It was a necessary stepping stone
2
3
31
alright I try not to shill
@SaitoOfficial
and
@dlancashi
and I disagree frequently on the direction it should/will take
but I just saw this video, and it is far too good not to share
3
7
31
@SenseiFugazi
@ajeykb
@tokendynamics
@provenauthority
🧵8/x
We forked the Worldcoin repos and modified the code as needed
Major modifications were made to the tokenomics, database schema, and image processing modules
1
1
29
2
1
30
Looking forward to presenting Tokenomics For Censorship-Resistance next week at
@tokengineering
's Barcamp in Paris 🇫🇷
See you all there 🥳🥖🧑🎨
Have you heard?
@tokendynamics
's
@OfficialESC
will join our
#TokenEngineering
Barcamp event as a Speaker on July 22!
Check out his talk proposal presenting differences between designing typical apps vs. censorship-resistant apps below.
Register now:
1
0
12
2
4
30
@SenseiFugazi
@ajeykb
@tokendynamics
@provenauthority
🧵14/x
We're getting a lot of questions, among them:
"Can I sell my $BUTT?"
Absolutely, managing your assets is your sovereign right
2
0
28
@DrNickA
@pseudoanomaly
best outcome would be
@elonmusk
launching an investigation that finds no evidence of the SEC's account being hacked
followed by charges against Gary that lead to his imprisonment
5
5
28
Finally a private way to donate to
@rstormsf
and
@alex_pertsev
Thanks to
@juiceboxETH
and
@ameensol
among others
2024 is the year that will define the rest of my life.
Honestly, I’m scared. But also hopeful that this community cares with a passion.
Please donate towards my legal defense.
260
2K
6K
1
3
28
@SenseiFugazi
@ajeykb
@tokendynamics
@provenauthority
🧵12/x
We employ a two-token model, $BUTT is a semi-fungible token used to store $SHT, which in turn is used to bootstrap the delegated PoS consensus
delegate your $SHT to someone else, and you get more later
1
0
23
3
0
25
@rstormsf
This is fucked up, but expected - thank you for everything you’ve done
It sounds like you could use crypto-native services
I’d recommend
@thedesertlynx
’s videos, he lives entirely on crypto and teaches how
2
0
25
Cryptocurrencies will bring about the 2nd American Revolution - the separation of money and state
Being against crypto is unamerican
1
3
23
I think a lot of people don’t fully believe real censorship-resistance is possible
I do, because I see the nature of censorship-resistance as stemming from the alignment of economic incentives
The next iteration of protocols will begin to persuade the doubters
4
3
24
@SenseiFugazi
@ajeykb
@tokendynamics
@provenauthority
🧵7/x
#3
Buttholes are collision-resistant
In our research, we found that irises are not entirely unique
By contrast, buttholes are more complex than fingerprints - measured by the number of distinct vectors for variation
2
1
23
@SenseiFugazi
@ajeykb
@tokendynamics
🧵3/x
You've heard that every fingerprint is a unique identifier
But did you know that every butthole also has its own fingerprint?
h/t
@provenauthority
1
0
24
.
@ShapeShift
's evolution from centralized to decentralized is the best example that progressive decentralization is possible
but a (the ? ) big difference - perhaps the one which allowed shapeshift to succeed is
@erikvoorhees
's ideological motivation, and integrity
3
1
21
@fsanchez1983
@TimMeggs
@abcampbell
the ability to store and use your wealth without anyone being able to stop you
5
0
23
1
0
22
John, this dog coin has the strongest fundamentals I've seen this side of the bear market
4
1
23
after wasting about $10,000 trying to get funds off of solana, with more than that still in limbo on
@wormhole
, I can confidently say fuck that chain
I am never using $sol again
6
1
22
“We have to be careful about what points we put forward…”
@Fatalmeh
on that highlighting the fact that smart contracts are immutable leads to a dangerous line of thinking for regulators
#ETHDam
@cryptocanal
0
5
23
Agreed on all counts
Also oracleless lending protocols like
@ajnafi
and
@hoyu_io
not getting enough attention
Meanwhile
@aave
and $comp are having a crisis every other week
With more to come
Narratives I don't think are being discussed enough:
1/ Cross-chain DEXs ($RUNE, $CACAO). Considering the disasters brought upon by CEXs last cycle, surprised no one is really taking about decentralized cross-chain alternatives.
1
0
3
0
3
22
See you soon 🇳🇱
@CryptoCanal
👋
⚡ Happy to have
@OfficialESC
on our
#ETHDam
Mentor Squad!
👾 Nate is designs protocols at Token Dynamics, and writes about token economics and related topics since 2017 on
🐬 Get your ETHDam dolphin tickets and don't miss out on all the fun!
0
0
10
3
2
21
satoshi was an economist and a developer
you need both skillsets to build a protocol that lasts
0
2
19
Most L2 tokenomics put Ethereum at risk, which is why I helped
@taikoxyz
design an another way to capture value this weekend
@ETHGlobal
While not entirely novel, finalized, or guaranteed to be implemented, it’s elegant and I hope other protocols follow
1
2
18
@SenseiFugazi
@ajeykb
@tokendynamics
@provenauthority
🧵15/x
"How invasive is this process?"
We offer a minimally invasive scan, and a full range print, which provides additional security
We recommend quarterly check-ups for your safety
4
0
18
@blockblanc
@Free__Alexey
Would be great to see an NFT crowdfunding
@Free__Alexey
's legal defense, like
@PoolyNFT
did for
@PoolTogether_
Maybe a hack for
@CryptoCanal
's ETHDam 2023 in May
👀
2
0
16
@BloombergUK
at such historic times as these I’m grateful we have AI experts like
*checks notes*
King Charles to warn us of impending doom
0
1
15
censorship resistance is making a comeback
2
1
17
this cycle’s memecoins are more cypherpunk than 99% of “legitimate” crypto projects
2
0
15
0
1
16
For everyone who's been asking 😁
Here's my talk from
@ETHDenver
on Demand-Side Tokenomics
Lots of alpha in here for builders 😉
2
5
15
Great chat with
@ljfgudgeon
of
@GyroStable
at
@stable_summit
today
We covered:
- What Gyroscope is
- Its 3 levels of peg maintenance
- How the protocol might respond to black swans like today's USDC and USDT depegs
The depegs lasted for hours, but $GYD made it out unscathed 😄
1
5
15
Had a blast on
@TheDesertLynx
's podcast last week - here's a highlight: my take on governance
Do you agree or disagree 🤔 ?
4
1
13
Would we be using Bitcoin today if the block size had increased to say, 32 MB?
Or would that simply have delayed the peak from December 2017 to February 🤔
6
2
13
🧵5/x
Pindependent uses
@filecoin
's FEVM to store front end files, and
@LighthouseWeb3
to track their storage
Pindependent contracts use
@axelarnetwork
to send two-way, cross chain messages
1
2
14
“We’re all here to make sure this technology is promoting decentralization, censorship-resistance and privacy at its core.”
-
@blockblanc
at
#ETHDam
2023
@CryptoCanal
ahead of Alexey’s talk
0
4
14
What if we had a purely peer-to-peer version of electronic cash that would allow online payments to be sent directly from one party to another without going through a financial institution
3
5
14
This is why RWAs won’t work
Censorship-resistance is the main value proposition of using a blockchain
$USDT issuer
@Tether_to
has frozen 32 addresses in Israel; and Ukraine due to suspected illicit activity related to terrorism and war.
@BrandyBetz
reports
12
4
20
5
2
13
maximalists: altcoins are pointless, you can build that on bitcoin
also maximalists: nooooooooo don't build *that* on bitcoin
3
0
13
satoshi: "the main benefits are lost if a trusted third party is still required..."
web3: let's actively manage the parameters in our upgradable contract with a 3 of 5 multisig
1
1
12
@gptbrooke
I liked engaging with people from both sides of the culture war because even the ones I tend to disagree with were very intelligent and everyone was open
I think as long as openness is the primary personality trait targeted/encouraged, vibecamp will stay good vibes
1
0
12
imagine not directing fees to token holders to try and avoid being a security
only to get a letter from the sec saying you're a security
rekt
Today
@Uniswap
Labs received a Wells notice from the SEC.
I’m not surprised. Just annoyed, disappointed, and ready to fight.
I am confident that the products we offer are legal and that our work is on the right side of history. But it’s been clear for a while that rather than
2K
5K
21K
3
1
13
If you think regulators will allow this or tradfi would stand for it you're hopelessly naive
RWAs are incompatible at present with DeFi
Current "hype" is a meme
Once tokenized RWAs become a reality we'll be able to arbitrage real estate at the speed of light.
Can't wait to see the block where a validator sandwiches a $40M mansion sale in Australia and ends up with two houses in Kentucky.
1
0
3
3
0
12
this is my dream apartment
People will have $800K in crypto but still live like this
965
947
9K
2
0
12
> crypto's main use case is censorship-resistance and i'm tired of pretending it's not
2
5
12
90% of "people in crypto" are scammers
5% are institutional grifters
4% are well-meaning but naive
1% are cypherpunks
3
2
12
As a decentralized protocol, your tokenomics are your entire business model.
You wouldn't run a company without considering your margins - why would you run a protocol without similar KPI's?
3
2
11
.
@AaluxxMyth
is one of the best token economists in the space and it shows
Excited for
@Maya_Protocol
the next few cycles 🍫😎🍿
@OfficialESC
@kayabaNerve
@ElDoradoMRKT
@Chainflip
@RangoExchange
@THORChain
@Maya_Protocol
@arbitrum
@Cardano
Had a great discussion with
@OfficialESC
today in this and other topics! Welcome to the dark side Ser 😎
1
1
4
2
0
11