1982.eth

ENS. DIGITS. REVOLUTION.

[1982.eth @1982_eth]

🚨2025 ENS 10K CLUB EXPIRATION GUIDE🚨

GM/GN DIGITS!!

It's August, and it's time for @10kclubofficial 3rd annual Hunger Games (aka Expiration Fest), the biggest one yet, with over 1500 digits searching for new, stronger hands 💪💪💪

🧵🧵🧵 on making the most out of it⬇️

[1982.eth @1982_eth]

@cohamizu1 Perps funding is very negative, so yes looks like shorts will get squeezed to over $90

[1982.eth @1982_eth]

@cohamizu1 @MoVanCrypto777 Another consolidation day around $90 today…

Surprised it hasn’t recovered or dropped much from Wednesday!

If no war escalation over the weekend, this might establish a new range below $100, will see 🤷‍♂️

[1982.eth @1982_eth]

@BigpictureBTC @BTC_broo Doesn’t need a 90% drop, a flush below $50k will fix em up

[1982.eth @1982_eth]

@Going_eth 3-digits were once grails too 🥹

[1982.eth @1982_eth]

@cohamizu1 Yes, today was a good consolidation day after yesterdays flush, nice to see $90 level flip from resistance to support… looking for more upside by tmrw

[Derin Olenik @BigpictureBTC]

There is a serious plague spreading through the Bitcoin treasury sector, and it’s the fiatisation of Bitcoin.

Saylor and his cohort have managed to convince an alarming number of people who call themselves Bitcoiners that wrapping Bitcoin in perpetual issuance, ever-expanding financial claims, debt-fuelled yield and increasingly complex financial engineering somehow represents the future of Bitcoin.

Digital credit is being sold as the natural evolution of Bitcoin, when much of what is being built is simply a recreation of the fiat financial system around the very asset we came to escape it.

Think about the irony. These models depend entirely on Bitcoin’s scarcity, monetary properties and long-term appreciation, yet their financial architecture increasingly contradicts the very principles that give Bitcoin its value.

They accumulate a scarce, finite asset while continuously creating new financial claims against it, introducing leverage, dilution and layers of financial liabilities. Bitcoin’s supply remains finite, but the financial claims built around it can expand indefinitely.

They’re monetising Bitcoin’s monetary properties while importing the very fiat-minded, value-eroding financial mechanics that Bitcoin was designed to help us escape.

This isn’t Bitcoin adoption, it’s the fiatisation of Bitcoin.

Digital credit built on perpetual financial engineering doesn't strengthen Bitcoin. It turns Bitcoin into collateral for an increasingly fragile, fiat-style system of financial claims, undermines the monetary principles that make it valuable and threatens to drag the entire treasury sector down with it. This isn't evolution, it’s a cancer.

But the real virus spreading this cancer is the “influencers” relentlessly promoting these structures as the future of Bitcoin. Whether through ignorance, gullibility or financial self-interest, they're helping legitimise a financial system that fundamentally contradicts the principles Bitcoin was built upon.

The future should be about building natively on Bitcoin. Creating productive infrastructure, increasing its monetary utility, contributing to network growth and generating genuine Bitcoin-denominated cash flow and profitability. Ultimately, developing sustainable Bitcoin-native credit backed by actual economic activity, not an endless expansion of financial claims.

We came to Bitcoin to escape the fiat financial system, not to recreate it around Bitcoin and undermine the very value proposition that makes it revolutionary.

Somewhere along the way, far too many people stopped asking how we could build on Bitcoin and started asking how we could fiatise it.

They’ve completely lost sight of why they came to Bitcoin in the first place. I challenge any of these “influencers” to explain exactly how I’m wrong here.

[1982.eth @1982_eth]

@cohamizu1 Agree, 92.6 should be reached today, or tomorrow at the latest

[1982.eth @1982_eth]

@cohamizu1 It went slightly below 86.85, but on low volume, so looks just like a liquidity sweep

[1982.eth @1982_eth]

@BeaverCapHQ @DarioCpx Well they just pushed it below 86.85, luring in more shorts…

Let’s see if a billion dollar long materializes here…

[1982.eth @1982_eth]

@MEPPonPM @Polymarket @PolymarketTrade Yup, the media reports are just manipulation to get traders to believe the war is over soon… Next attack imminent imo

[1982.eth @1982_eth]

@cohamizu1 Wow congrats, you are an OG!

But be careful shorting here, the manipulators are creating the illusion that Iran war is over soon, and luring in the oil shorts…

There could be an epic short squeeze by next week 🤷‍♂️

[Federico Ast @federicoast]

Has Ethereum lost its soul?

Day 2 at @EFDevcon Mumbai. 🇮🇳

It pains me to say it, but the mood feels a bit disenchanted. You can see it in the half-empty rooms and in the hallway conversations.

I've been to every Devcon since Cancún 2017. Back then, the narrative was about inclusion and empowering the weak.

For those of us coming from emerging countries, it was a tool to circumvent bad institutions (and maybe build better ones bringing the rule of law where it was lacking.)! Many of us Argentines got into Ethereum because stablecoins were the way around capital controls. It wasn't an ideology. It was a survival tool.

For people from advanced economies, it was a way to escape government and big tech surveillance.

Then the narrative started drifting. DeFi yields, NFTs, memecoins... Each cycle brought more money and less talk about the common person. There are still talks on those original topics, but more and more the stage seems to reflect the worldview of Silicon Valley elites: transhumanism, longevity, life beyond biology.

The contrast couldn't be sharper. Inside, conversations about transcending the human condition, governing societies through futarchy and handing DAO governance decisions over to AI. Outside, the chaos of Mumbai's streets, where millions hustle to survive and deal with very human problems every day.

My impression from day 2 is that Ethereum is at a crossroads: solving the problems of nerds and Silicon Valley, or addressing the every day problems of real people.

The real test isn't whether Ethereum scales, but for what and for whom. If it ends up as a playground for a tiny niche of insiders talking to each other, we can expect emptier conferences every year.

Sorry for the pessimistic take. 🥲 Hoping day 3 finds me in better spirits!

[1982.eth @1982_eth]

@Protractinium @Camilla5623194 @CFD_Warrior Getting the shorts to pile up

[1982.eth @1982_eth]

@Bogachan_1971 They flushed today because long apes bought the dip after yesterdays flush, on leverage…

Now just waiting for shorts to pile up for the squeeze back above $105, likely by Friday

[1982.eth @1982_eth]

@DejikaDonatova Yup, tmrw will be an interesting day in the markets

[1982.eth @1982_eth]

@cohamizu1 Means too many leveraged longs were betting on a quick recovery from yesterday…

Need shorts to get comfy to go up 🤷‍♂️

[1982.eth @1982_eth]

it’s called a stop hunt

[HFI Research @HFI_Research]

Wtf was that?

[1982.eth @1982_eth]

@cohamizu1 Well here is the flush to 97.5, loading up on the longs now…

[1982.eth @1982_eth]

@cohamizu1 Middle of 100-105 range… could first sweep liquidity above 106 and then stop out the longs at 97-98

[1982.eth @1982_eth]

@enspiration_eth @ENS999club So, free 999 for everyone?!