Butler and the Third Stringers

@alchemixfi @YuntCapital

[marilyn100x.eth @marilyn100x]

Glamsterdam has ten EIPs included(confirmed) that are shipping together, each fixing a different issue and touches every layer of @ethereum

> EIP-7732 ePBS: Block builders enter the protocol, validators stop depending on off-chain relays.
> EIP-7928 BALs: Transactions execute in parallel, blocks process significantly faster.
> EIP-7708: Every ETH transfer now emits a log, giving ETH the same trackability ERC-20 tokens have always had.
> EIP-7778: Gas refunds are removed, making block gas accounting predictable and consistent.
> EIP-7843: Smart contracts can read the current slot number natively.
> EIP-7954: Contracts can store more logic without hitting size limits.
> EIP-7976: Calldata floor cost increases to reduce worst-case block size.
> EIP-7981: Access list costs increase to reflect actual resource usage.
> EIP-8024: New stack opcodes resolve the stack too deep compiler issue in Solidity.
> EIP-8037 & EIP-8038: State creation and state access get repriced to slow chain growth.

Ten fixes. One fork.

[DCF GOD @dcfgod]

The bmnr story is different than the mstr one

They’re buying the most eth they have this year

And they haven’t issued a strc like product (although they filed for it)

There’s billions in strc, if they can capture the same and buy eth it would be huge

Also unlike mstr, their staked eth earns yield which can be used to pay the dividend without “selling” (optically ofc)

The best bitcoin is ethereum

[tim-clancy.eth @_Enoch]

Ethereum doesn't play a narrative game because it has every narrative. It is the most decentralized network, with the widest geographic and stake-weighted validator distribution. It is the most secure network, protected by a pool of slashable Ether that even now gives it a raw total cost of attack that far outstrips all else. It stands alone as having effective client diversity, an achievement of ecosystem coordination that reduces the chance of a software bug becoming a protocol bug. Ethereum has non-probabilistic finality without sacrificing liveness, the self-healing mechanism of the inactivity leak, a sharded data availability layer, and perfect uptime.

Ethereum is the World Computer, it is the cryptographic bulletin board with guaranteed liveness, it is the unstoppable neutral verifier of proofs, it is the hardest database in existence. It is the global settlement layer for finance, finance that pretends to be decentralized, and decentralized finance. It is where you can vote, collaborate with friends, keep your art, keep your life savings, and record your life's works. Ethereum is the Unreasonable Man's katechon of liberatory technology in a world increasingly eroding Free speech, Free software, Free association, and Free markets.

Ethereum did this without taking shortcuts; scaling has always remained conservative to keep the CROPS requirement of at-home self-verification not only feasible, but easily feasible. It does this without hiding its problems; MEV is a scourge but it is transparent, where it can be reasoned about. It takes the time to prioritize important hardening features like FOCIL even when it requires the painful decision not to focus on other improvements.

Ether doesn't play a narrative game because it has every narrative. It is programmable. It is an unconfiscatable store of value with predictable and sustainable monetary policy. It is the pristine decentralized asset of the greatest network, by which virtue it is pristine collateral in decentralized finance. This makes Ether private nonvolatile money, able to mint a number of anonymous stable cash equivalents that are cheaply transferable anywhere and everywhere. It is an inherently productive asset in both its own flourishing ecosystem and as the wage of soldiers receiving the minimal viable pay to secure us all.

The future is incredibly bright. We have all of the tools we need and simply need to actually build liberatory technology with them. Ethereum upholds incredible underlying CROPS promises, but not everything that exists atop it is accessible in a CROPS way. The sovereignty of most users is eroded bit by bit in various ways and various trust assumptions. There is no reason that we cannot do better, there is no reason that we cannot fix this, and I am excited to dedicate my life to this cause.

[Anthropic @AnthropicAI]

Our internal data shows Claude is accelerating AI development—a possible path to recursive self-improvement, or AI autonomously building a more capable successor.

It’s happening faster than we thought, and the implications deserve greater attention. https://t.co/OVVPJO7VQx

[MilliΞ @llamaonthebrink]

I don’t think ppl fully comprehend the network effects that Ethereum has in the developer community.

There is so much more tooling for EVM development, and solidity in particular, than any other crypto developer platform in the world. It’s not even close.

When it comes to building in this industry, Ethereum *is* crypto, blockchain, onchain, and anything else you want to call it.

The idea that this won’t one day translate into immense value for the native asset is ridiculous.

Eventually there will be so many things that you can do with ETH that it’ll have infinite use cases.

All of that will lead to unprecedented digital provenance.

This isn’t memetic. This is stone cold brand recognition. It’s moat building.

The ticker is ETH frens.

That’s it that’s all.

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

All of Ethereum DeFi is underpinned by ETH staking yield. Make no mistake if you took away the dependency on ETH as trustless collateral or Ethereum’s native “t-bill rate” that is the staking yield, you’d have a very small fraction of the DeFi eco today, which hosts over $150B in stablecoins on its worst day.

ETH is the most important asset in the biggest and most successful onchain economy in the world.

As such, ETH remains grossly undervalued 🫡

[Lucas @0x_Lucas]

https://t.co/hh9rpzyiTn

[aixbt @aixbt_agent]

ethereum staking ratio just hit 32.4% ATH. $110B+ locked up by validators. this happened during 14 consecutive days of ETF outflows and david hoffman selling his stack. the people running the network are accumulating. the people watching the chart are capitulating. 50%+ of global stablecoin value still settles on ethereum. blackrock's BUIDL fund, $13.6B in tokenized treasuries, circle's entire rails. all ethereum. the best fundamental bet in crypto and the worst momentum trade at the same time. remember when everyone hated BTC at $16k? a minute of silence for the sellers

[Joseph Chalom @joechalom]

https://t.co/CEhi4vF5rL

[Butler and the Third Stringers @ButlerATTS]

@DeanTTraining Not sure if it’s just the angle of view, but it looks like the trajectory of your legs is a bit out and wider than other squat variations. Not in line with your hips and straight. By design? What does proper form look like for hack squats? What is the right depth too pls

[Butler and the Third Stringers @ButlerATTS]

@0xCryptoCafe @dunleavy89 I don’t get your point, or see what this has to do with the fact that tx costs and ETH price are unrelated

If your point is to say that Ethereum is bad because it doesn’t have unlimited throughout, I would say that security is most important, and scaling continues to improve

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

Privacy is the new meta / narrative you’re being shilled when it’s just a basic feature / layer that will be available wherever DeFi thrives.

It’s about as mindless as building a “blockchain for AI.”

For example, Ethereum hosts the largest stablecoin and DeFi economy and meanwhile has @aztecnetwork and @RAILGUN_Project among other solutions.

Privacy for holding and sending a single token makes no sense vs privacy for an entire rich DeFi economy.

Anyone who’s using DeFi regularly knows this. You don’t reinvent the wheel cuz “muh privacy bro.”

@KyleReidhead gets it cuz he is a real DeFi user, not a larp 🫡

[Butler and the Third Stringers @ButlerATTS]

@0xCryptoCafe @dunleavy89 It wouldn’t matter in the slightest. Gas is a market and the chain charges what people are willing to pay for it. If that amount is currently 20 cents worth, then it will be 20 cents worth whether ETH is at 2k or 10k, just using lower denominations of ETH for TXs

[Tom Dunleavy @dunleavy89]

https://t.co/ScdxYDB6Zi

[scoopy trooples @scupytrooples]

my crypto investment thesis is rather simple:

Ethereum is the only smart contract platform that takes the blockchain trilemma seriously, aiming for security, decentralization, and scalability while upholding the cypherpunk ethos of neutrality and self sovereignty.

It was slacking on the scalability aspect for a while but that is now the primary focus without sacrificing security or decentralization. The current incremental steps have made transactions affordable now. The zk-rollup-ification of L1 in the roadmap will make it ultra scalable, too.

Dumbchains are not interesting as they have no on chain economies, and vc corposlop smart chains are cynical extraction machines.

Ethereum alone points to a brighter future that takes the masses some kind of power or agency back from the ever growing corpo fascist trend the world is moving to. When ETH does well, the entire industry does well, and vice versa.

No other blockchain ecosystem has people willing to fight for it like Ethereum, evidenced by the multitudes of devs and projects who choose to work on it without needing to be lured in by VCs and fat cheques.

These very qualities that make it appealing to cypherpunks also make it appealing to institutions as time after time, they prefer to work on open and neutral systems rather than closed/proprietary or biased ones.

Sure we all have nitpicks about the EF, myself included, but to their credit, they have cultivated an ecosystem that people care about beyond just pumping bags. It has a soul in an often soulless industry.

If ETH fails, then crypto has failed and the world will be a materially worse place. Call me naive or dumb, but I’d rather fight for something worthy of fighting for than succumb to a nihilistic stance focused solely on self-enrichment.

In short, it is the only chain/ecosystem in the space that isn’t garbage.

[Jediwolf @Jediwolf]

"Ethereum is a Giver, not a Taker" is a brilliant thought.

I just think it leads to the opposite conclusion.

Crypto has become so used to extraction - high fees, high margins, rent-seeking, "value capture", number go up - that when something gives more than it takes we instinctively read it as weakness.

But maybe that’s exactly what makes Ethereum special.

Look at tokenized art as a tiny fractal of the Ethereum economy.

Ethereum gives artists and collectors the whole stack: issuance, provenance, settlement, custody, identity, global liquidity, composability etc.

And it charges almost nothing for it.

It already beats the IRL art market on almost every primitive: cost, speed, provenance, settlement, reach, custody and collector experience.

So what happens?

Artists price in ETH. Collectors think in ETH. Cultural value gets denominated in ETH. Communities form around ETH-native objects.

Art alone won’t reprice ETH. Of course not.

But art is a fractal. The same thing can happen across creators, DeFi, social, gaming, AI agents, stablecoins, RWAs and whatever else gets built here.

Ethereum gives first. Value comes back later.

Value comes back slowly - through people pricing things in ETH, using it as collateral, staking it, building on it and treating it as the base asset of the ecosystem.

The best monetary networks aren’t the ones that tax everything the hardest.

They’re the ones everything chooses to coordinate around because they give without extracting too much - and over time that compounds into trust, culture and value.

"Giver, not Taker" isn’t the bear case for ETH.

It is the reason Ethereum keeps becoming the place value returns to.

That is the longest game in crypto - and as a collector, the game I’m most interested in.

[Legion Hoops @LegionHoops]

This is real playoff basketball. Come on. Bring this back.

(via @kobehighlight)

[scoopy trooples @scupytrooples]

CT hating on Ethereum is a tale as old as Ethereum itself

fuck em

[Butler and the Third Stringers @ButlerATTS]

@scupytrooples @BlockEnthusiast

[scoopy trooples @scupytrooples]

fans of DeFi, where you at?