CZ founder of Binance and the 21st richest person in the world:
• His father was exiled for being a "pro-bourgeois intellect."
• studied computer science at McGill University.
• had to drop out in his fourth year to find a job
• worked at McDonalds
• worked at a Gas Station
(But later finished his degree online)
• discovered Bitcoin in 2013
• sold his apartment, and invested everything he had into crypto.
• Made his first million at 39 and started Binance at 40.
You are never too late to make it.
the bull case for ETH and BTC is that the US gov will push stablecoins extremely heavily and try to make it a new global settlement currency rail as they try to offload US treasuries into these vehicles
it will work, but only to a point
as many nations will mostly opt out of this new US debt mechanism and they'll choose gold instead
but gold is not easily transactable, so they need an onchain option for the 21 century
for the one that is programmable and that is usable as collateral, they're going to choose ETH
try to have a timeframe longer than 5 mins and you'll see it
The latest strategy of competitor chains using lawfare to try and get Ethereum L2's heavily regulated/made illegal is one of the most desperate things I've ever seen.
It should be very clear to everyone now that competitor ecosystems are extremely scared of layer 2's on Ethereum.
They also clearly believe that they can't compete in the free market and on merit so they have to use nation state governments to kill their competition. All the fud that they spread hasn't worked to slow down L2 adoption so now they are getting very desperate.
This is what weak and pathetic ecosystems do and the Ethereum ecosystem needs to ensure that we fight back against this as much as we can.
the internet with undisclosed bots is strictly bad for humanity
there is zero value or upside from it
feels increasingly like we’ve begun a slow descent into hell and madness
Uber owns no cars.
Airbnb owns no hotels.
Head of Research at Blockworks does no research.
Head of Advisory at Blockworks gives shitty advice.
This is the new economy.
Blob usage just keeps going up on Ethereum.
Thankfully, there is a large blob scaling upgrade coming in Fusaka called 'PeerDAS' that will give layer 2's even more capacity for their data.
You can learn more here: https://t.co/tNEJPGIuMU
the value prop of ETH is not as a gas token on L1 or L2
the value prop is as a censorship resistant medium of of exchange and store of value asset which is natively programmable
and has no trust assumptions beyond the most robust and sustainable L1 consensus mechanism in existence