thom.base.eth
@ethomyorke
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Joined March 2024
GET ON IT
L2s can achieve a major UX improvement overnight simply by renaming "bridging" to Depositing. Depositing is such a familiar and routine thing for ppl. You deposit money to the bank. You deposit to Robinhood. You deposit to Coinbase. You deposit to Phantom. You deposit to TG bot #69. You deposit into an app. You deposit into a protocol. You deposit to Base. You deposit to Arbitrum. You deposit to Polygon. You deposit to your favourite L2. Those things are all effectively the same action. "Bridging" is not as familiar. It's indicative of travel which feels time consuming and costly. It communicates a physical barrier to the user, a rift of some kind. Nominative determinism is a thing. We can can begin improving user experience right now, without any functionality changes, by using better naming conventions.
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RT @elonmusk: Under Biden, FEMA betrayed the American people by diverting funds meant for natural disasters to pay for luxury hotels for il…
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@AviFelman @llamaonthebrink @edosgg My guy you have memecoin volume. Let's see Solana's volume if you remove the casino. Its only use case.
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@DU09BTC What the fuck are you talking about? This shit shouldn't be a talking point anymore. We are scaling and fees are down. You pay less than 50 cents for a swap on mainnet.
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🚨 BREAKING: SOLANA down to $100
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@binji_x I think once Vitalik announces different leadership in the EF things will look less bleak. Until then bullying will continue it seems.
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Well, @AyaMiyagotchi put users above builders so much that she doesn't even want to bother them. It's the zen culture man don't bother people just breathe and let it be.
I think there are 3 dimensions to understanding Ethereum’s struggles: regulatory, technical, and cultural. I believe the most critical to solve are the cultural issues. 1. Regulatory - Ambiguous status of ETH as commodity vs. security. With the new political landscape, this is no longer an issue, and builders should feel comfortable using Ethereum as the base layer from a legal perspective . ✅ 2. Technical - fragmentation from rollup centric roadmap; infinite state bloat, etc etc. I’m actually not too worried about this. Teams like @base have some of the smartest people in the world working on interop, scalability, and related issues. To the extent there are existential technical problems, they are actually an outgrowth of the underlying cultural ones. ➡️ 3. Cultural - Much has been said about the EF, Vitalik, the lack of marketing for Ethereum, etc. - but I want to pinpoint the exact issues as I see them. First, I think Ethereum prioritizes research & development for its own sake too much, rather than as a means for helping users. This means that protocol engineers need to focus their work not just on the latest ZK tooling or gas optimizations, but on tooling that will make the benefits of these available to users *immediately*. It also means communicating these advances in plain language, without jargon, to make both app builders and end users excited about these changes. Second, Ethereum places the builder above the user; it should be the opposite. There is a lot of great optimism and support for builders on e.g. the OP Stack, but not enough discernment about what type of building will lead to happy users. Grant issuers should be more opinionated about their rewarding process to optimize for more and happier end users, rather than simply creating a “builder-first” culture. Last, Ethereum needs to lean into financial use cases. DeFi is the most important sector of Ethereum, full stop, and I think 90%+ of app building should be focused on this use case. Building the future of the global financial system is a tall order in and of itself, and it will not succeed if the efforts are dispersed across too many initiatives. I fell in love with Ethereum because of its culture of decentralization. While I think this is also why Ethereum will win, the community needs to be realistic of the limits of a decentralized culture, and sharpen its focus to deliver financial value to end users. Just my 2 cents!
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@AyaMiyagotchi eheheheh zen peace anti winning so much Solana are the ones onboarding the third world
It must really pain the Ethereum Foundation to see the Central African Republic launching on Solana
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RT @beartrapper0: Aya Tamagatchi is participating in DeFi Summer 5 years after it first started. In 2 days (Monday), she will use Uniswap…
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Just like Ethereum fragmentation, we have a lot of accounts trying to do what @ethereum and @ethereumfndn should be doing. Why isn't @Etherealize_io posting from these two accounts? The reach is a lot higher. Someone delegate them to it.
Contrary to popular belief - L2s are *symbiotic* (not parasitic) to extending the Ethereum economy L2s are profitable business models - which institutions require - while being secured by Ethereum and accruing value to ETH at scale (3/4)
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If #Ethereum is so shit and if you held only $ETH and you sold, where would you go after? Can't figure it out.
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