avg.adam

semi-anon collecting generative art and following fintwit, macro and ct

[Krugman (🏔️ Fortress of Solitude mode) @krugman87]

Ethereum is on the cusp of onboarding 10's of trillions of tradfi assets and infra, on the cusp of the agentic AI paradigm shift, and someone thought "hey, let's completely rewrite the entire monetary policy to shave 75 bips off of the annual issuance"

genius guys, absolutely genius

[Jonny Moe @JonnyMoeTrades]

I don't know who needs to hear this but:

You are allowed to:
a) Agree Iran and the world is better with Khamenei dead
b) Be hopeful for a better future for Iran
c) Acknowledge this war is being waged illegally without congressional authorization
d) Be skeptical that Iran was any closer to nukes than they've ever been until hard evidence is released that proves otherwise

Even though this era of politics has lost all nuance, all of these things can be true at the same time

[avg.adam @1average_adam]

@Javikuo2 @anondeguerre @BlueLightCapit1 If he didn’t do anything then why is ETH mkt cap up 10000x from ico then?

[avg.adam @1average_adam]

@tacticaltrading @PauloMacro This is the most blatant and out in the open it’s been in modern history. We should not accept this and wave it away as “it’s just politicians being politicians”. It degrades our norms for a high-trust, law following society that conservatives claim they want

[avg.adam @1average_adam]

@gwfarris1 @MrsTylerKSR I mean, what else should he say?

[Benn Eifert 🥷🏴‍☠️ @bennpeifert]

@nikitabier Financial grift:
@APompliano
@chamath

Political grift:
@realDonaldTrump
@pulte

Dating advice:
@BillAckman

[MONK @defi_monk]

https://t.co/m9ojr5r0wh

[A.J. Warner @ajwarner90]

I think the incredible early success of Plasma is ironically the best case study for why L2 architectures are superior.

I know this seems awfully counterintuitive (and self-serving) so let me explain.

Plasma has done a historic job in go-to-market and launch work. I don’t think any chain has attracted more TVL in its first week in history. Its users are comfortable with using the product and building alongside them and Tether.

Yet, as the Plasma team notes in their docs, today they are the only ones that are currently running validators and there are no validator rewards live today.

As part of their progressive decentralization, they will be onboarding external validators and the inflation rate rewarding those validators will be 5% annually to start.

In other words, in order to secure and decentralize the system, Plasma (at today’s prices) is committing to spending more than $550 million, when their users and developers have signaled already it’s not really a conditional priority to deploying capital.

Had Plasma launched an L2, they could have progressively decentralized (like most chains do) without having to commit to spending over a half a billion dollars a year.

The L2 superpower is having security costs be variable as a % of transactions, not significant constant fixed costs.

I don’t think that the experience of using Plasma would be any worse had the chain been an L2. It’s EVM, users are largely using the same apps that exist on rollups. It’s just a more cost effective way to get security.

Congrats again to the Plasma team; but I think this shows the power of rollup architecture from a business operations perspective.

[Ezra Klein @ezraklein]

In the last few years we've seen:

- The plot to kidnap Gretchen Whitmer
- The Storming of the Capitol and pipe bombs left at the RNC and DNC
- The break-in to kidnap Nancy Pelosi and the brutal on Paul Pelosi
- Multiple assassination attempts against Trump
- The assassination of Minnesota House Speaker Melissa Hortman and her husband and the shooting of on State Senator John Hoffman and his wife
- Luigi Mangione's assassination of Brian Thompson
- The assassination of Charlie Kirk

Political violence is contagious. It is spreading. It is not confined to one side or belief system. It should terrify us all.

The foundation of a free society is the ability to participate in it without fear of violence. Political violence is always an attack against us all. You have to be so blind not to see that.

[avg.adam @1average_adam]

@PukaMeme @gainzy222 When people complain about fees it just shows they haven’t used the chain since 2022

[avg.adam @1average_adam]

@0x_agsa @0xBreadguy Looks like that source only compared the burned fees on ETH to all base fees paid on SOL. So not even comparing the same thing it looks like (whereas your chart shows total fees)

[binji @binji_x]

eth is a non-dilutive, yield-generating, programmable asset embedded in a financial machine that has zero downtime while clearing for both trillion dollar institutions and everyday people in all corners of the world.

[avg.adam @1average_adam]

@LibertyCerulean @dcinvestor Huh? Inflation is the cost of products themselves. Not an arbitrary tax that can be eliminated and reinstated at a moments notice. Good strawman though

[avg.adam @1average_adam]

@myjpeg @Zeneca Can you point to where the top 10 own 40%?https://t.co/ui66Ahbxab

[avg.adam @1average_adam]

Everyone on the TL dunking on ETH/BTC again. Selling BTC for more ETH here. Monthly chart says say this is major support, we gotta hold here or we may really be dead. Time will tell.

Believe in something.

Ethereum.

[avg.adam @1average_adam]

Sold some BTC and bidding alts here (mostly ETH + TIA, CRV, MKR. Looking at SOL as well). Could be ugly macro environment for next several months if you believe Trump/Bessent/Elon are gonna follow through but I think most alts have already reacted to this

[AnechoicMedia @AnechoicMedia_]

A bad Republican impulse under the current administration has been trying to solve problems of institutional capture by waging a war against corruption and fraud. There isn't a lot of fraud; the money is being spent legally by a bureaucracy of liberal professionals who are good at doing paperwork.

Changing the rules requires Republicans pass legislation or install their own competent elites to run things, something they can't do anymore.

[dannyryan @dannyryan]

I’m thrilled to announce that I’m joining as a cofounder of @etherealize_io to help onboard the world to Ethereum

I’ll be at the helm of the ship alongside @vivekventures and the incredible team he is building

[Dankrad Feist @dankrad]

Some points on this:

1. The current process of upgrading Ethereum IS BROKEN. Builders need long-term commitments to capacity, otherwise they cannot build on Ethereum. They need to know what the plan is in 5 years.
So I hope that we can finally agree to timelines in the core dev process.

2. We nonsensically claim that L1 cannot be scaled and L2s are the only way.
This is a complete ivory tower perspective -- Vitalik already posted this 3 years ago, and with DAS and zkEVMs the ingredients are now ready: https://t.co/tQibmXatud
There are limits to this, yes, but scaling it 100-1000x in a few years is completely possible.
This achieves many things that based/native/etc. rollups don't.
I think actually doing this and stopping to find excuses for not doing it is essential for Ethereum winning.

3. Not everything can be on Ethereum L1, whether the actual limit is 1k or 100k tps or maybe even 1M tps. For this it is still great to add lots of data availability and create a great Ethereum security zones for rollups, who are Ethereum allies and can use Ether and all other Ethereum assets trustlessly.
But we need to do it at a scale that actually matters. We need to get to our current target of one Megabyte per second in 1-2 years rather than 5, and then KEEP GOING. I am currently doing research on maximally decentralizing the networking DAS/Data Availability Sampling, but until that's done, adding Data Availability Provider nodes with higher requirements is a good solution that has the same security assumptions as optimistic rollups (one honest node).
Other Data Availability protocols are currently building for GB/s! Ethereum does not have to match this, but being at 1/1000ths is not good enough.
Some projects are openly stating already that they will never use Ethereum DA (and openly advertising with Vitalik's support! The irony). Being ok with that and still claiming that they are somehow "Ethereum aligned" is thoroughly un-ambitious.

[Paul Grewal @iampaulgrewal]

We finally got the unredacted OCP 2.0 letters from @FDICgov. It took a Court order but you can now read them for yourself below. They show a coordinated effort to stop a wide variety of crypto activity — everything from basic BTC transactions to more complex offerings. 1/3