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JC

@delzennejc

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Builder @BuildaProtocol , DeFi degen, Finance Nerd

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Joined November 2017
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@delzennejc
JC
2 months
“Will Ethereum ever flip Bitcoin?” Ethereum’s user base is WAY larger than Bitcoin. Ethereum has more use cases than Bitcoin and is more useful. Bitcoin NEEDS centralized finance if you want to do anything with it. Ethereum has its OWN financial system with Exchanges,
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@delzennejc
JC
2 months
Solana Foundation has removed some validators from validating Solana. This is ridiculous! Permissionless? Decentralized? What a joke! "Solana solved MEV!" They're just liars and grifters.
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@delzennejc
JC
2 months
BlackRock is launching TXSE, competitor to NYSE. They’ll create an Ethereum L2 for this exchange. SEC Commissioner Hester Peirce wants to create a "sandbox" for issuing, trading and settlements of securities on a distributed ledger. Where will this sandbox run? Probably on the
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@delzennejc
JC
1 month
Sony is launching a crypto exchange, but they'll also launch an Ethereum Layer 2. "Can you imagine what happens if Sony, [a] six times bigger company than Coinbase, launches their platform with Web3 Ways?" said Jun Watanabe, President of Sony Network Communications, in 2023.
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@Noahpinion Do people really think we really have nothing written from the Middle Ages in Europe? 😂
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@delzennejc
JC
2 months
"Only 21M of Bitcoins will ever exists" Researchers at Princeton University demonstrated that Bitcoin CAN'T be limited at 21M because rewarding miners with transactions fees only will affect Bitcoin's Security. Last year, 328 500 NEW BITCOINS were mined. Miners are selling
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@delzennejc
JC
3 months
BlackRock will launch a Lending Protocol on Ethereum. They launched a Fund first because USDC's dollars are on BlackRock's accounts. We all know know that Aave, Compound and Morpho are dominating onchain lending currently. But I'm almost sure there's a BlackRock manager out
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@delzennejc
JC
3 months
"BlackRock's tokenization will be on a Private Blockchain" BlackRock's private software Aladdin is managing $21 trillion in assets currently. What does your private "blockchain" will help at? "I don't like crypto, only the tech behind" Ser... the tech behind is the worse
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@delzennejc
JC
19 days
The SEC just gave the green light to some large banks to bypass SAB121. I’m almost sure that these banks are: Goldman Sachs, JP Morgan, Citi and Morgan Stanley. The SEC decided to pick the winners. They know the rule will be removed less than a year from now. So they decided
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@delzennejc
JC
2 months
Bitcoin maxi: “The financial system is corrupted, only Bitcoin can save it” Me: “Great! Can I take a loan using Bitcoin?” Bitcoin maxi: “Just buy Bitcoin” Me: “but if I want to buy a house” Bitcoin maxi: “Use the financial system” Me: “But you said it was corrupted!”
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@delzennejc
JC
28 days
Banks will move all their accounts on Ethereum. Circle and Paxos just received money license in EU and Singapore. Société Generale, the biggest retail bank in France just turned their stablecoin to become PERMISSIONLESS on Ethereum! This is a huge tectonic shift! TradFi is
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@delzennejc
JC
2 months
"Tornado Cash is for criminals" Bank of America and JP Morgan paid in PENALTY $126 BILLIONS for their financial crimes (e.g Money Laundering). NO CEO of these banks ever went to prison. But a Tornado Cash Dev is currently in prison for writing OPEN SOURCE CODE! Banks are the
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@delzennejc
JC
22 days
BlackRock's Institutional fund on Ethereum just reached $500M in less than 5 months. Institutions are buying US treasuries on Ethereum mainnet. What do you think that means for the future of the Ethereum ecosystem? Ethereum is the new financial system.
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@delzennejc
JC
2 months
BlackRock’s Head of Digital Assets: « Private blockchain helped us understand that the greatest opportunity in this space is around PUBLIC blockchains » Over time EVERY TradFi institution will come to the same conclusion. Ethereum IS the innovation, that’s why BlackRock
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@delzennejc
JC
1 month
BlackRock’s BUIDL onchain fund continues to grow. TradFi is watching. Over the next few years, every financial institution will want to launch on Ethereum. Treasury and IRS just removed non-custodial entities (i.e: Wallets, DeFi Protocols) from their broker rule. Even if the
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@delzennejc
JC
3 months
The SEC is going to accept ETH ETFs and declare ETH a commodity BUT not Staked ETH. Last year, the SEC attacked Coinbase and Binance about their Staking programs. Why? Because it’s « Based on the effort of others to get expected returns » so enters the realm of securities
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@delzennejc
JC
4 months
Chairman Gensler just revealed his cards. You might be surprised if I told you it's the Federal Reserve that probably asked Gensler to attack Uniswap. The Fed is weaponizing the SEC to slow down financial innovation. The Fed is looking at DeFi for quite some time now, they
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@delzennejc
JC
21 days
Goldman Sachs just announced they'll launch THREE Tokenization projects on Ethereum. I wrote about this few months ago: "BlackRock's goal is to be the first mover onchain no matter if the fees are low or it might disrupt their business. If they don't, another will. This puts
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@delzennejc
JC
4 months
Goldman Sachs: "Our clients are not interested in crypto, it's worthless" They lie. But why do they lie? Ethereum is literally a nightmare for them because it destroys their margin. They earn a LOT with their fees. Goldman Sachs has 45 000 employees. They can't compete with an
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@delzennejc
JC
1 month
Ethereum will make the Federal Reserve obsolete. “Abolish the Federal Reserve and replace it with a computer” - Milton Friedman (Nobel Prize in Economy) Ethereum is that computer. The Federal Reserve HATES stablecoins. Why? Because they fear the words of Milton Friedman will
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@delzennejc
JC
1 month
People don’t realize how impactful this decision is for Ethereum. It increases regulatory clarity just before the launch of ETH ETFs. I believe it’s also a signal that the SEC doesn’t want to fight the Ethereum ecosystem anymore. This cycle will crown Ethereum King.
@Consensys
Consensys
1 month
ETHEREUM SURVIVES THE SEC. Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0. This means that the SEC
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@delzennejc
JC
2 months
Tokenized Mortgages WILL be launched on Ethereum! It will PREVENT huge bubbles in RE because everything is TRANSPARENT with instant settlements. 1000x capital efficiency. Today, Banks repackage your loan with many other loans in an MBS(Mortgage-Backed Security) that is sold on
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@delzennejc
JC
14 days
Ethereum is the new financial system. The global financial services market size was valued at $25 Trillion in 2022. Global GDP is at $100 trillion. Finance is NOT SMALL. Finance powers EVERYTHING in the economy.
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@delzennejc
JC
3 months
NYSE will launch an Ethereum L2 in the coming years. Going 24/7 is a full admission that crypto is winning. Ethereum and Bitcoin are 24/7, forcing Coinbase and Binance to be 24/7. TradFi doesn't want to die when Tokenization will happen. Coinbase has Base, Binance has BNB
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@delzennejc
JC
1 month
Bitcoin is just a pet rock with delusional maxis hoping the financial system will collapse so only them will become the new rich. Ethereum will create growth by 1000x the efficiency, transparency and reliability of the financial system. Bitcoin is NIHILISM. Ethereum is HOPE.
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@delzennejc
JC
2 months
Few weeks ago, Goldman Sachs' Head of Strategy became the new CEO of GrayScale. Today, Robinhood bought Bistamp for $200M CASH. Robinhood will create an Ethereum L2 to compete with Coinbase's Base. We're just in the beginning of financial institutions doing all they can to
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@delzennejc
JC
2 months
Ethereum will become the new financial system at the end of this cycle. The IMF observed that in times of financial instability, people use crypto to remove themselves from TradFi. BlackRock is known for being the best Risk Management company in the world. Larry Fink (CEO of
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@delzennejc
JC
3 months
Ethereum L2s are VERY bearish for alt-L1s like Solana. In 2021, without L2s everybody was focused on alt-L1s to use DeFi with low fees. I was one of those people. “Decentralization doesn’t matter” This is what people on Solana were saying. Today, they say L2s are
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@delzennejc
JC
2 months
SEC Commissioner Mark Uyeda is now saying that Tokenization will provide Higher security and Transparency! BlackRock's Chief of Investment also said that Ethereum will attract TradFi for Tokenization. But all I see in the Timeline are bearish takes because of short term price
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@delzennejc
JC
3 months
Robinhood & Revolut are connecting to Ethereum. Robinhood has 15 million monthly active users. Revolut Bank has 40 million registered bank accounts. Ethereum is attacting those FinTechs to join the revolution. "But they're only doing it for their crypto audience" Yes, but
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@delzennejc
JC
2 months
I'm saying this for a long time now, TradFi is VERY Ethereum friendly. People underestimate how Ethereum DOMINATE in TradFi circles. ETHEREUM IS THE MOST IMPORTANT INVENTION IN FINANCE IN 100 YEARS!
@Evan_ss6
Evanss6
2 months
“Big TradFi won’t buy ETH” “It’s too complicated. These guys are conservative. They don’t understand it” Ken Griffin: “Ethereum will replace Bitcoin” Carl Icahn: “prefers Ethereum over Bitcoin, it’s a store of value and a payment system” Stanley Druckenmiller: “predicts
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@delzennejc
JC
11 months
@soren_iverson I think some CEO somewhere is dreaming of that feature 😂
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@delzennejc
JC
2 months
A lot of people got fooled and sold their ETH. Ethereum is literally the most important invention in finance.
@delzennejc
JC
5 months
Ok guys, pls don’t get fooled. Jamie Dimon (CEO of JP Morgan): “Bitcoin is a useless Pet Rock but I’m Optimistic on Smart Contracts” Larry Fink (CEO of BlackRock): “I see value in having an Ethereum ETF, I believe the next generation of markets will be tokenization of
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@delzennejc
JC
1 month
Bitcoin Maxis are the most TOXIC human beings I’ve encountered… If they could, they would put everyone that criticize Bitcoin in prison. They tolerate no constructive criticism of Bitcoin. They understand NOTHING about the financial system but think buying their coin will
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@delzennejc
JC
3 months
"Why does US state agencies are trying to cut access to Ethereum?" This is a great question. Let's reframe it another way: Who will lose their job if Ethereum is successful? All the intermediaries. The banking business is all about maintaining the ledger for everyone.
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@delzennejc
JC
2 months
JP Morgan is the most powerful bank in the world. They’re the most corrupt bank to ever existed. They move $10 trillion a day. They created the Federal Reserve. But you know what? Ethereum will REPLACE JP Morgan.
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@delzennejc
JC
9 months
@flaviocopes Full circle back to Templating like 15 years ago.
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@delzennejc
JC
26 days
Crypto bank Custodia & Coinbase are putting light on a huge scandal around how the Federal Reserve is trying to KILL Crypto. Unbanking crypto related projects, killing banks that are pro-crypto, refusing master accounts unlawfully to Custodia Bank, and many more. They’re trying
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@delzennejc
JC
2 months
Bitcoin will COMPETE with AI for energy. Larry Fink (CEO of BlackRock) on CNBC: « The AI data centers are going to require MORE POWER than anything we could EVER IMAGINE » Meta, Amazon, Microsoft, Google and many of big tech are hunting for SOURCES OF ENERGY. This is a VERY
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@delzennejc
JC
10 months
@soren_iverson I would personally take it, fun ride and helping someone :)
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@delzennejc
JC
2 months
Alt-L1s think they can kill Ethereum. They celebrated its death few days ago. "This cycle will skip Ethereum" BlackRock, PayPal, Stripe, Revolut, Robinhood, and many more launched on Ethereum or got connected to Ethereum. Fundamentals only got better, new developers, new
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@delzennejc
JC
1 month
Bitcoin's 21 million total supply is a PROMISE until the last Bitcoin is mined. Promises are meant to be broken. Especially this one. Ether's scarcity is not something that will come when the last Ether is mined. It's ALREADY at play TODAY through the Burn.
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@delzennejc
JC
2 months
@BeefSupreme14 I would 100% be comfortable with my mortgage on Ethereum for SURE! The risks you don’t see about the current system is because you don’t understand it. There’s a lot of benefits if I had my loan on Ethereum I could easily see the different rates take different opportunities if
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@delzennejc
JC
3 months
Ethereum is a MORE important invention for humanity than AI. Transactions & Contracts are at the center of human activity. A credible neutral layer for human transactions and contracts is wayyy more important to solve than AI. Authoritarian governments love AI, China is
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@delzennejc
JC
2 months
Chinese Government Owned Bank, ICBC said: "Ethereum provides technical power for the digital future". This statement is says a lot. It means China will not let the USA take Ethereum. Last year, Bank of China subsidiary BOCI, launched a tokenized note on Ethereum. It's
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@delzennejc
JC
2 months
Ethereum is the model of crypto no matter if you like it or not. It’s the most followed project in the whole industry. Some follow it to criticize it, some even made a career of it. Others follow because they believe it’s the most interesting permissionless experiment of our
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@delzennejc
JC
23 days
BlackRock’s Head of Digital Assets said: « Private blockchain helped us understand that the greatest opportunity in this space is around PUBLIC blockchains » But people still believe they lie and will create a private blockchain… This is tiring.
@PratikKala
Pratik Kala
24 days
Cobie is right ppl think BlackRock is moving on $ETH and Fidelity is shilling etc But I’m sure when there is traction and a real PmF that they can present to the board they will 1) fork 2) form a consortium 3) privatise 4) have in house certification/training standards
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@delzennejc
JC
4 months
"ETH isn't money because nothing physical is denominated in it" In Europe nothing is denominated in USD that means it's not money? In the US nothing is denominated in EURO that means it's not money? Onchain everything is denominated in ETH. The country is Ethereum. Exchange
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@delzennejc
JC
3 months
Ethereum is best thing that happened to the Financial industry in 100 years. The only comparison we can make is with the internet. The scale of change that it kickstarted is wide and deep. It will affect EVERY financial institution, Banks, Central Banks, Asset Managers,
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@delzennejc
JC
2 months
Nobody listened to us. We repeatedly said it will be approved. I wrote MULTIPLE posts on reasons why it will make a LOT of sense politically.
@EricBalchunas
Eric Balchunas
2 months
Update: @JSeyff and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue), so now everyone scrambling (like us everyone else assumed they'd be denied). See
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@delzennejc
JC
3 months
Michael Saylor building a "Decentralized" Protocol on Bitcoin is an admission that Ethereum is RIGHT. It sends is the right signal: "We need to BUILD a decentralized future ONCHAIN" The "Bitcoin is Perfect, Inscriptions are SPAMS" crowd must be coping. BUT Ethereum is very far
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@delzennejc
JC
2 months
“Why do you criticize Bitcoin and not Ethereum” Everyone is literally criticizing Ethereum EVERYDAY. Bitcoiners, Soylana, alt-L1s, and even Ethereans themselves are criticizing Ethereum. I believe it’s healthy, it forces Ethereum to be better. Almost everyone in crypto owns
@delzennejc
JC
2 months
"Only 21M of Bitcoins will ever exists" Researchers at Princeton University demonstrated that Bitcoin CAN'T be limited at 21M because rewarding miners with transactions fees only will affect Bitcoin's Security. Last year, 328 500 NEW BITCOINS were mined. Miners are selling
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@delzennejc
JC
4 months
Ether is a wayy better energy hedge than Bitcoin. I know, I know, I can hear BTC Maxis cry: "Bitcoin IS Energy! It stabilises grids, bla bla bla..." France's state owned nuclear energy company EDF, came to the same conclusion that Ether is a better hedge for them, so they
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@delzennejc
JC
2 months
Bitcoin maxis got triggered by my post about The Flippening. Insults, belittling, intimidation and more. Their reaction to my post indicates their insecurities about Ethereum is growing fast. “F**k the Big 3, it’s just the Big ETH” - Kendrick Lamar
@delzennejc
JC
2 months
“Will Ethereum ever flip Bitcoin?” Ethereum’s user base is WAY larger than Bitcoin. Ethereum has more use cases than Bitcoin and is more useful. Bitcoin NEEDS centralized finance if you want to do anything with it. Ethereum has its OWN financial system with Exchanges,
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@WallStreetSilv « The enemy of our enemy is our friend »
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@delzennejc
JC
3 months
"The dollar is backed by the US army" This is backward. It may help the US army get its budget but it's false. The USD is backed by its High Private Consumption rate in GDP of ~70% and a very functional and fair Judicial system. Exactly like ETH is backed by people using Ether
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@delzennejc
JC
12 days
The fact that JP Morgan is affected by the global outage is a demonstration of why Ethereum's adoption is INEVITABLE.
@zerohedge
zerohedge
12 days
Some JPMorgan Employees Unable to Log On Amid Global Outages: bbg
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@delzennejc
JC
3 months
"The Ethereum Foundation makes Ethereum centralized" So the Internet Engineering Task Force makes the Internet centralized? The Ethereum Foundation is a demonstration that an Open Source project can be VALUABLE! The Ethereum Foundation funds research to create standards (EIPs)
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@delzennejc
JC
4 months
Goldman Sachs: "Our clients are not interested in crypto, it's worthless" They lie. But why do they lie? Ethereum is literally a nightmare for them because it destroys their margin. They earn a LOT with their fees. Goldman Sachs has 45 000 employees. They can't compete with an
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@delzennejc
JC
3 months
I wrote 2 weeks ago that the FBI is targeting Bitcoin and Ethereum devs. But now they’re all out saying all crypto that are not « registered » as Money Service Business is illegal. If you’re decentralized, they’ll hate you even more. It’s not related to « privacy coins » it’s
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@delzennejc
JC
4 months
Governement agencies like the FBI, can target core devs of Bitcoin & Ethereum. The SEC was accused for the Ethereum Foundation's subponea, but it's more likely that's the FBI like in the case of Bitcoin CoreDev event's subponea. Open Source devs creating systems worth trillions
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@delzennejc
JC
4 months
The fact that Hong-Kong approved both Bitcoin and Ether ETFs at the same time puts the SEC at a difficult spot for May. They’ll need to give a very convincing reason to deny ETH ETFs. Like I’ve said previously, it’s easier for them to accept the ETH ETFs while still keeping
@theblockupdates
The Block Pro Headlines
4 months
*HONG KONG APPROVES APPLICATIONS OF SPOT BITCOIN, ETHER ETFS MANAGED BY CHINA ASSET MANAGEMENT, BOSERA, HASHKEY - THE BLOCK PRO
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@delzennejc
JC
12 days
With CrowdStrike disrupting the whole banking system people are going to look at Decentralized Systems. Censorship-Resistant Decentralized Systems with 100% uptime like Ethereum are going to dominate. Ethereum is the new financial system.
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@delzennejc
JC
17 days
I believe we’ll see the ETH ETFs launch the 18th. Next week will be a great week!
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@delzennejc
JC
11 days
Bitcoin maxis don’t care about censorship resistance or decentralization. Like Michael Saylor said, Bitcoin will be KYCed and Bitcoin as money is ridiculous. Ethereum is the ONLY censorship resistant, decentralized distributed ledger. ETH is the money of the Ethereum
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@delzennejc
JC
2 months
The whole humanity will use Ethereum’s financial system in 10 years. Researchers at the Aston University in the UK discovered how to increase internet bandwidth by 4.5 MILLION TIMES. Currently, bandwidth is one of the biggest limitations for distributed ledger systems. If we
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@delzennejc
JC
2 months
Arthur Hayes is right, Aptos will FLIP Solana before the end of this cycle. I think an ETH + APT portfolio will outperform a BTC + SOL "barbell strategy". Aptos has way more upside and room for growth. Solana & Aptos are both VC chains anyway.
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@delzennejc
JC
1 month
"By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's" - in 1998 by Paul Krugman (Nobel Prize Economist) In 2018, TechCrunch wrote: "The collapse of ETH is inevitable" Transformational technologies are often
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@delzennejc
JC
3 months
What FTX, Celsius, MtGox, BlockFi and Voyager had in common? Custodial Wallets. What does Elizabeth Warren's Lobby Group wants to ban? Self-Custodial Wallets. The biggest scandals in the crypto industry are about CeFi custodial wallets but "don't worry my bank will protect
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@delzennejc
JC
2 months
“You’re talking about The Flippening that early? Ether is doomed” Ethereum will flip Bitcoin at the Top of this cycle. There’s an insane Supply Crunch building up around ETH. 1) ETH on Exchanges is at a 6 YEARS low! 2) Only ~400 ETH left on OTC desks 3) The Burn will go crazy
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@delzennejc
JC
11 months
@soren_iverson Sometimes I would like to pay so everything clears out 😂
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@delzennejc
JC
3 months
“Sir, why do you hate Bitcoin and Bitcoiners so much?” I own Bitcoins; I was in Bitcoin before I discovered anything else. But what does the Bitcoin community currently stand for?! “Buy Bitcoin and watch everything collapse.” “Runes and Ordinals are attacks by the State to
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@delzennejc
JC
28 days
CT KOLs HATE Ethereum because they can’t extract revenue from it like they’re doing with Polkadot and Solana. We now know what Polkadot spent on crypto media and KOLs. It would be interesting to know what amount of SOL Solana is paying to KOLs and crypto media.
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@delzennejc
JC
11 months
@soren_iverson I think it’s a good concept! Less Feed Scrolling and More about People.
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JC
3 months
I really don’t understand all the ETF hate lately. We literally see Centralized Exchanges holding people’s ETH in the BILLIONS currently without ANY protection. But ETFs? No, no. ETFs give way more guarantees than CEXs. ETFs are TRANSPARENT, issuers are REQUIRED by law to
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@delzennejc
JC
11 months
@soren_iverson The ability to add notes on people you follow could be a useful feature :)
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@delzennejc
JC
1 month
“The internet will never be a thing, too complicated for my grandma” “Ethereum is too complicated, will never be a thing”
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JC
2 months
Like I said earlier this month, the SEC approved ETH ETFs. ETH’s commodity status is a sure thing. « ETH is a security » Bitcoin maxis in shambles. Next, everyone will be following SEC vs Coinbase to see in what case Staked ETH is a security. SEC attacking DeFi projects is
@delzennejc
JC
3 months
The SEC is going to accept ETH ETFs and declare ETH a commodity BUT not Staked ETH. Last year, the SEC attacked Coinbase and Binance about their Staking programs. Why? Because it’s « Based on the effort of others to get expected returns » so enters the realm of securities
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@WallStreetSilv Debt is the way that the governments used to fake growth. It’s unsustainable but the trend will continue until a huge credit bubble bust.
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@delzennejc
JC
3 months
The summary of what Gary Gensler said on CNBC is: “These crypto people are outcompeting all my friends in banks, custodians, clearing houses and central banking, this is unacceptable” All they have is gaslighting, we have the tech and energy to outbuild them.
@delzennejc
JC
3 months
"Why does US state agencies are trying to cut access to Ethereum?" This is a great question. Let's reframe it another way: Who will lose their job if Ethereum is successful? All the intermediaries. The banking business is all about maintaining the ledger for everyone.
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5 months
Ok guys, pls don’t get fooled. Jamie Dimon (CEO of JP Morgan): “Bitcoin is a useless Pet Rock but I’m Optimistic on Smart Contracts” Larry Fink (CEO of BlackRock): “I see value in having an Ethereum ETF, I believe the next generation of markets will be tokenization of
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JC
2 months
Staked ETH is safer than government Bonds. Government Bonds are the safest investment that exists inside a country. ETH Staked is the safest investment on Ethereum. Most governments budgets are unsustainable because they spend more than they can tax. Ethereum has CONSTANT
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@delzennejc
JC
2 years
@camilhurt @Loves4soccer @venia_hill @bocxtop So you must attack the person while he presents you a fact. Those that mean you have no argument left but just insult by mocking him ? Most of your criticisms of him are based on envy trying to make it look like justice…
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@delzennejc
JC
3 months
The core difference between the Ethereum community and the Bitcoin community is the WILL TO BUILD. Bitcoiners beliefs are that Bitcoin is perfect, people just need to buy Bitcoin and watch everything around collapse. Etherans beliefs are that by improving Ethereum, they can
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@delzennejc
JC
4 months
I hear a lot of people saying Hong Kong Ether ETF doesn't matter. Chinese investors are one of the most powerful forces behind the US stock ETFs. While the US stock market is considered as the global stock market, especially for the ETFs, the Chinese investors are those that
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@delzennejc
JC
3 months
Crypto is the battlefield between the US Gov and Big Asset managers. 1) Assets managers are entering crypto 2) Governments are fighting crypto. Gov wants to dilute everyone to reduce debt burden and save banks, but asset managers don't want inflation. "Is crypto really their
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@delzennejc
JC
3 months
Like I thought Grayscale removed their ETH Future's application because they think the ETH Spot ETF will be APPROVED. Everyone thinks it will be refused but the likelihood of an approval is increasing :) A lot of TradFi investors want access to ETH in a "regulated" ETF.
@WuBlockchain
Wu Blockchain
3 months
Grayscale Investments will focus on converting its Ethereum trust — the world’s largest — to spot exchange-traded products, CEO Michael Sonnenshein said on Wednesday. Sonnenshein said the asset manager was withdrawing the future application because a number of products are
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@delzennejc
JC
15 days
Ethereum's DeFi will totally transform the financial system. U.S. Treasury secretary Janet Yellen is worried that sanctions are diminishing the trust in the US dollar. Stablecoins on Ethereum are growing and expected to grow even faster because it's on a neutral distributed
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@delzennejc
JC
1 month
"Fed interest rates will never go any close to 0% again" Interest payments are now HIGHER than National Defense payments. Yeah, let that sink in. The Federal Reserve will have NO CHOICE but to cut down interest rates close to 0%. There are 2 ways to deal with debt: - deal
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@delzennejc
JC
11 months
@soren_iverson ahaha this should be a real feature!
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JC
1 month
Ether will outperform in a financial crisis, like last year’s banking crisis. In 2008, the stock market crashed prior to rate cuts, will it be the same this cycle? Ether and Bitcoin didn’t existed in that cycle. ETH ETF ads will show to the public that we now have an
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@delzennejc
JC
3 months
Today, I onboarded a friend on Ethereum L2 Arbitrum. It was so easy to onramp and so fast I was shocked. Fees are so low it costs nothing to make a swap. In 2021, he had funds on BNB Chain because fees were too high on Ethereum. He also moved all he had there to Arbitrum.
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@delzennejc
JC
30 days
@0xCleis I think it’s kinda different this time. Sony owns the PlayStation brand, this time around they can onboard gamers and game devs. They can also onboard Sony bank accounts. But we’ll see if they play their hand well.
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@delzennejc
JC
1 month
Coinbase just filed with the CFTC to add LINK Futures. Like I expected LINK will probably be the next Commodity ETF after ETH.
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@delzennejc
JC
5 months
Chainlink is probably the most important project for DeFi after Ethereum. There's a lot of disdain for LINK because it didn't move as much as expected last cycle. After ETH ETF, we'll get a LINK ETF. TradFi people will easily understand it's utility.
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@delzennejc
JC
4 months
So Cathie Wood from Ark Invest wanted to support Bitcoin Core Developers but Saylor told them not to. Saylor is against supporting Open Source devs of Bitcoin. Bitcoin is dead. Bitcoin Core devs should move to Ethereum.
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@delzennejc
JC
2 months
People are discovering that Ethereum is 1000x ahead in terms of efficiency than the current financial system. If they discover SOFR and the whole Eurodollar system that sustains the global financial system, they would fall to the ground lol
@unusual_whales
unusual_whales
2 months
BREAKING: Starting tomorrow, it will take just one day to settle US stock trades, down from two previously.
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JC
2 months
DeFi is better than TradFi. Few days ago, everyone saw the US Stock Market broke, but there’s WAY more. In 2022, on the London Metal Exchange(LME), the biggest player in Nickel, Tsingshan, got short squeezed. It was so BIG that the margin call was $19 BILLIONS and clearing
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JC
1 month
This is a great move by Stripe and Coinbase. Ethereum is the new financial system, so we’ll see a Stripe competitor onchain, but Stripe decided to themselves enter the onchain game by using Ethereum. Coinbase is very connected to Ethereum but they need to bridge TradFi payments
@coinbase
Coinbase 🛡️
1 month
Coinbase 🤝 Stripe Coinbase is partnering with @stripe to bring @base 's faster, cheaper financial infrastructure to millions of businesses around the world. Here’s what we’re doing ↓
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JC
3 months
TradFi analysts: "Vanguard CEO didn't step down because of the Bitcoin ETFs it's a conspiracy theory" Vanguard Investors: "Let's hire the man who literally launched the Bitcoin ETFs at BlackRock(iShares)" This is so comical. When the previous Vanguard CEO went OPENLY against
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@delzennejc
JC
22 days
China is going through a HUGE banking crisis! 40 banks already VANISHED! But China will not be alone, all over the world, we see a financial crisis growing. Ethereum didn’t exist in 2008. A permissionless & censorship resistant Distributed Ledger is NEEDED more than ever!
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@delzennejc
JC
3 months
GameStop halted on stock exchanges is a demonstration of the value of DeFi. The game is RIGGED on stock exchanges. "Don't liquidate my friends or I'll halt your meme stock" You cannot stop a trade on Uniswap or AMMs onchain. DeFi is better than TradFi.
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@delzennejc
JC
15 days
SEC made an exception to SAB121 rule because they knew J.D Vance would become VP. Senator Vance voted to remove SAB121, there’s NO DOUBT he would remove that rule as soon as he’s VP. EVERY bank should be able to get access to crypto for their clients. Gensler knows this will
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