The US is trying to commit economic suicide and everyone is dumping US assets in response. The tarifacrash is the 2nd most insane financial event in modern history (coronacrash was the first).
too much low effort ETH hate from people blindly piling on who don’t even know why public blockchains exist in the first place
to be permissionless, uncensorable, unstoppable truth machines
higher
#Bittensor could be more impactful than #Bitcoin, according to @BarrySilbert
⚫️ “The boldest prediction that I could make for #Bittensor is it could be a better version of #Bitcoin as a global store of value"
⚫️ "Instead of spending $10–12 billion a year to secure the #Bitcoin network, imagine using that to incentivize a global problem-solving network”
$TAO
INSIGHT: only 3.28% of btc supply left on corporate sheets (688k btc)
@saylor loading $2B more
etfs eating 529k btc vs 249k btc mined
ur ngmi if u think this ends well for sellers
Sonic $S distinct addresses are soaring!
Over 100K addresses since Dec 1st, with major spikes around Feb 8th.
The network is buzzing—huge growth for @SonicLabs
After the whole "content" debacle yesterday, I took a deeper look...
"And I believe that one of the biggest problems in the world to solve is the fact that there's hundreds of millions of creators who are creating in a broken economy where the vast majority of the value that they create is captured and taken away from them by large corporations. "
This is coming from the same corporation who extracts $100m+/ year from Ethereum via @base L2 sequencer fees which magically do not appear on their SEC balance sheet filings. Effectively proving that they are dumping those tokens into the market as a "large for profit corporation"🤔
There are tens of thousands of developers who are being financially abused of the gas revenue they generate for the chains they deploy on and are not compensated their fair share. Chains like @base extract that value from every single builder and application by profiting juicy corporate returns in the form of 80%+ margins from the $ETH gas apps generate and they keep 100% to themselves without sharing with the builders who are worthy of getting their fair share of revenue split.
https://t.co/ROF0mrwWpo
"And that if we invest in open platforms and an open economy that gives them the tools, put their creativity on chain and earn from it. That can bring hundreds of millions and then billions of people on chain.
Of the 51,000 ETH @base generates per year, how much has been injected back into builder incentives?
Since inception (4 months ago), feeM on Sonic has distributed 710,000 $S ($330k+ at current prices) back to builders with NO STRINGS ATTACHED.
These are not grants. These are not inflationary incentives. This is a groundbreaking new chain revenue share model in the form of smart contract royalties.
BUILD ON SONIC. GET PAID. Set yourself free!
I think today was the first time we got super close to an "ultrasound" gas price on Ethereum blobs.
It was only for a few moments, but clearly shows what's possible once enough demand kicks in.
At ~900Gwei we'll burn more ETH than is issued.
Today fees spiked to 655Gwei.
With Pectra we'll need ~450Gwei to be ultrasound.
With Fusaka we'll need ~55Gwei.
And just like that we're suddenly close to the average blob fees paid of the last day: 19.4Gwei.
The path to becoming ultrasound 🦇🔊 again is pretty clear.
Scale the blobs.
Everyone who has ever saved in ethereum (except for the insiders that bought the premine) have been impoverished as insiders who bought the premine have dumped on them. On to internet of money, fix the money, fix the world narrative shift, soon “money isn’t meant to store value”
Eigenlayer may have single handedly ruined everyone's belief in any crypto architecture projects. I still don't even have a tangible example of it being used.
You would think the richest people in crypto are the old school DeFi founders with multiple mansions.
Far from the truth.
The memecoin cabals have made so much money [anonymously], that they have access to almost every single influential figure in the world.
All from creating memecoins and running them up time after time.
They were NOBODIES before that.
Now they could BUSSCASE in a heartbeat no matter what.
One two phone calls, done deal.
If you've ever watched Dragons' Den, you'd know that "investors" are only really interested in numbers.
Nobody really cares what the product is, so long as it sells.
And in return, you get to use their connections to SELL MORE.
Tokenization + influence = money printer.
Without spending years building a business with intrinsic value,
You instantly have enormous marketcap from thin air.
You're SPEED RUNNING everyone in the corporate world.
The rest of the world has no idea how to pull this off successfully.
These cabals have been ahead of the curve for so long.
Only now we're seeing latecomers to the party [Base launching shitcoins etc.] and normalizing it.
The real money has already been made.
Niggaz you've never heard of chilling with gorillions who were behind your favourite memecoins.
All you had to was extract quietly without making too much noise and outperform everyone.
The Trump family done it too.
What's the incentive for building things that are actually worthwhile now when you're rewarded for enticing greed in crypto?
Cheaper and faster results.
The game is FUCKED for life.
~ Dr. Axius.
Retar Dio.
The problem is that our system has a crisis of legitimacy.
ex-President Applesauce illegally and deliberately imported somewhere between 10mm and 20mm illegal aliens into the USA and illegally provided them with tax dollars you and I earned on the sweat of our brows.
All of this was done in total and complete contravention of immigration laws and other laws, and nobody did a damned thing about it.
NOW, President Trump is trying to undo this massively illegal action after we elected him specifically to do JUST THAT, but is being blocked at every turn by the judiciary who suddenly propose to care about the "rule of law" over the most technical of legal details, and seek supremacy over the lawful will of the electorate.
Lawyers can always rationalize anything over the tiniest of legal details if it gives them what they want.
But normal people don't think that way. Normal people see the immense injustice that is being perpetrated on our nation.
THAT is the problem. It's a crisis of legitimacy.
The Biden administration literally had an app to make it easier for illegal immigrants to sneak into the country
“Disobeying the Constitution” is well in the rear view mirror
Sometimes I'm surprised by people's conclusions on the crypto market, even without looking at all the previous moves by market makers.
Bitcoin is in the $82-86k zone, the market looks rotten, but it's a classic before the move. The market maker is purposely knocking down interest to squeeze out weak hands. Volumes are low, fundings are falling, people are shorting en masse - ideal conditions for liquidity gathering. Next, a sharp plunge to $82k with longs knocking out, then a reversal and a plunge to $90k+, where bears' stops are sitting. All this is done quickly, without retests, so that no one has time to enter. I can't speak for the accuracy of the numbers, but I think you understand the general course.
Even those who know that the alt season is still ahead can miss, choosing the wrong time to buy/sell.
#Crypto #Bitcoin #MarketManipulation
The stablecoin wave is coming, and it’s massive 🤯
@CurveCap from @CurveFinance lays out the 5–10 year vision:
▪️ TradFi giants issuing stablecoins
▪️ Curve as the liquidity hub
▪️ $crvUSD as a key DeFi primitive
Hosted by @razacodes / @Scroll_ZKP on Stable School 🎓