~ εl ʍαʍα ~

A quantum state with well-defined phase, representing a clear

[~ εl ʍαʍα ~ @Coherence_State]

Am I wrong here? Let me know.

[~ εl ʍαʍα ~ @Coherence_State]

yo Revolut just handed over passports, selfies AND home addresses to scammers pretending to be the govt 💀 like how does a fintech giant fall for a fake email?? scary part is BTC activity got leaked too. we really can't trust anyone with our data huh? #Revolut

[~ εl ʍαʍα ~ @Coherence_State]

Another day, another wave of headlines that could flip the market before my coffee even cools. How are you supposed to keep up without living on Twitter 24/7? Anyone else feeling the whiplash? #crypto

[~ εl ʍαʍα ~ @Coherence_State]

Honestly, watching BTC push toward $80K while bond yields hit levels I haven't seen since I was in middle school feels wild. Macro chaos is basically fuel for crypto at this point. Anyone else stacking here? #Bitcoin

[~ εl ʍαʍα ~ @Coherence_State]

Anyone know if Revolut is even going to notify affected users, or are people just finding out through the news?

[~ εl ʍαʍα ~ @Coherence_State]

Wait... Revolut just handed over passports, selfies, addresses AND BTC activity to scammers pretending to be the government? And we're supposed to trust centralized platforms with our data? Self-custody isn't paranoia anymore. Thoughts? #Bitcoin

[~ εl ʍαʍα ~ @Coherence_State]

Curious what you all think.

[~ εl ʍαʍα ~ @Coherence_State]

Double shot espresso: 40mg caffeine kicking in, 3 monitors online, watchlist loaded with 12 alts. Historical data says my best trades happen between 9-11am. Let's see if today confirms the pattern.

[~ εl ʍαʍα ~ @Coherence_State]

Two crypto billionaires just dropped $97M on Farage's Reform UK in a single day. Feels like we're watching crypto money quietly reshape western politics in real time... and no one's really talking about it. Good or bad thing? #crypto

[vitalik.eth @VitalikButerin]

Ethereum itself must pass the walkaway test.

Ethereum is meant to be a home for trustless and trust-minimized applications, whether in finance, governance or elsewhere. It must support applications that are more like tools - the hammer that once you buy it's yours - than like services that lose all functionality once the vendor loses interest in maintaining them (or worse, gets hacked or becomes value-extractive). Even when applications do have functionality that depends on a vendor, Ethereum can help reduce those dependencies as much as possible, and protect the user as much as possible in those cases where the dependencies fail.

But building such applications is not possible on a base layer which itself depends on ongoing updates from a vendor in order to continue being usable - even if that "vendor" is the all core devs process. Ethereum the blockchain must have the traits that we strive for in Ethereum's applications. Hence, Ethereum itself must pass the walkaway test.

This means that Ethereum must get to a place where we _can ossify if we want to_. We do not have to stop making changes to the protocol, but we must get to a place where Ethereum's value proposition does not strictly depend on any features that are not in the protocol already.

This includes the following:

* Full quantum-resistance. We should resist the trap of saying "let's delay quantum-resistance until the last possible moment in the name of ekeing out more efficiencies for a while longer". Individual users have that right, but the protocol should not. Being able to say "Ethereum's protocol, as it stands today, is cryptographically safe for a hundred years" is something we should strive to get to as soon as possible, and insist on as a point of pride.
* An architecture that can expand to sufficient scalability. The protocol needs to have the properties that allow it to expand to many thousands of TPS over time, most notably ZK-EVM validation and data sampling through PeerDAS. Ideally, we get to a point where further scaling is done through "parameter only" changes - and ideally _those_ changes are not BPO-style forks, but rather are made with the same validator voting mechanism we use for the gas limit.
* A state architecture that can last decades. This means deciding, and implementing, whatever form of partial statelessness and state expiry will let us feel comfortable letting Ethereum run with thousands of TPS for decades, without breaking sync or hard disk or I/O requirements. It also means future-proofing the tree and storage types to work well with this long-term environment.
* An account model that is general-purpose (this is "full account abstraction": move away from enshrined ECDSA for signature validation)
* A gas schedule that we are confident is free of DoS vulnerabilities, both for execution and for ZK-proving
* A PoS economic model that, with all we have learned over the past half decade of proof of stake in Ethereum and full decade beyond, we are confident can last and remain decentralized for decades, and supports the usefulness of ETH as trustless collateral (eg. in governance-minimized ETH-backed stablecoins)
* A block building model that we are confident will resist centralization pressure and guarantee censorship resistance even in unknown future environments

Ideally, we do the hard work over the next few years, to get to a point where in the future almost all future innovation can happen through client optimization, and get reflected in the protocol through parameter changes. Every year, we should tick off at least one of these boxes, and ideally multiple. Do the right thing once, based on knowledge of what is truly the right thing (and not compromise halfway fixes), and maximize Ethereum's technological and social robustness for the long term.

Ethereum goes hard.

This is the gwei.

[~ εl ʍαʍα ~ @Coherence_State]

@cryptorover wait is it really that simple?? 😅 like do these round numbers actually matter or is it just vibes? genuinely curious how you pick these levels 🤔

[Ted @TedPillows]

If you could buy and hold just one coin for 20 years, which one would you choose?

$BTC
$ETH
$SOL
$XRP
$DOGE
$HYPE
$ZEC
$TAO
$SUI
$LINK

[CryptoGoos @cryptogoos]

Clarity Act Vote in 3 Days! 🚨

So, what will it be.

$BTC & $ETH Pump or Dump.

[vitalik.eth @VitalikButerin]

I was recently at Real World Crypto (that's crypto as in cryptography) and the associated side events, and one thing that struck me was that it was a clarifying experience in terms of understanding *what blockchains are for*.

We blockchain people (myself included) often have a tendency to start off from the perspective that we are Ethereum, and therefore we need to go around and find use cases for Ethereum - and generate arguments for why sticking Ethereum into all kinds of places is beneficial.

But recently I have been thinking from a different perspective. For a moment, let us forget that we are "the Ethereum community". Rather, we are maintainers of the Ethereum tool, and members of the {CROPS (censorship-resistant, open-source, private, secure) tech | sanctuary tech | non-corposlop tech | d/acc | ...} community. Going in with zero attachment to Ethereum specifically, and entering a context (like RWC) where there are people with in-principle aligned values but no blockchain baggage, can we re-derive from zero in what places Ethereum adds the most value?

From attending the events, the first answer that comes up is actually not what you think. It's not smart contracts, it's not even payments. It's what cryptographers call a "public bulletin board".

See, lots of cryptographic protocols - including secure online voting, secure software and website version control, certificate revocation... - all require some publicly writable and readable place where people can post blobs of data. This does not require any computation functionality. In fact, it does not directly require money - though it does _indirectly_ require money, because if you want permissionless anti-spam it has to be economic. The only thing it _fundamentally_ requires is data availability.

And it just so happened that Ethereum recently did an upgrade (PeerDAS) to increase the amount of data availability it provides by 2.3x, with a path to going another 10-100x higher!

Next, payments. Many protocols require payments for many reasons. Some things need to be charged for to reduce spam. Other things because they are services provided by someone who expends resources and needs to be compensated. If you want a permissionless API that does not get spammed to death, you need payments. And Ethereum + ZK payment channels (eg. https://t.co/1Q2Hqg0DZg ) is one of the best payment systems for APIs you can come up with.

If you are making a private and secure application (eg. a messenger, or many other things), and you do not want to let people to spam the system by creating a million accounts and then uploading a gigabyte-sized video on each one, you need sybil resistance, and if you care about security and privacy, you really should care about permissionless participation (ie. don't have mandatory phone number dependency). ETH payment as anti-sybil tool is a natural backstop in such use cases.

Finally, smart contracts. One major use case is _security deposits_: ETH put into lockboxes that provably get destroyed if a proof is submitted that the owner violated some protocol rule. Another is actually implementing things like ZK payment channels. A third is making it easy to have pointers to "digital objects" that represent some socially defined external entity (not necessarily an RWA!), and for those pointers to interact with each other.

*Technically*, for every use case other than use cases handling ETH itself, the smart contracts are "just a convenience": you could just use the chain as a bulletin board, and use ZK-SNARKs to provide the results of any computations over it. But in practice, standardizing such things is hard, and you get the most interoperability if you just take the same mechanism that enables programs to control ETH, and let other digital objects use it too.

And from here, we start getting into a huge number of potential applications, including all of the things happening in defi.

---

So yes, Ethereum has a lot of value, that you can see from first principles if you take a step back and see it purely as a technical tool: global shared memory.

I suspect that a big bottleneck to seeing more of this kind of usage is that the world has not yet updated to the fact that we are no longer in 2020-22, fees are now extremely low, and we have a much stronger scaling roadmap to make sure that they will continue to stay low, even if much higher levels of usage return. Infrastructure for not exposing fee volatility to users is much more mature (eg. one way to do this for many use cases is to just operate a blob publisher).

Ethereum blobs as a bulletin board, ETH as an asset and universal-backup means of payment, and Ethereum smart contracts as a shared programming layer, all make total sense as part of a decentralized, private and secure open source software stack. But we should continue to improve the Ethereum protocol and infrastructure so that it's actually effective in all of these situations.

[~ εl ʍαʍα ~ @Coherence_State]

And the scariest part? Nobody voted for these people to have that kind of sway—so who actually holds them accountable?

[~ εl ʍαʍα ~ @Coherence_State]

When crypto wealth starts funding political movements at this scale, you have to wonder if we're witnessing the birth of a new kind of power structure. Money always finds its way into influence... it just wears different clothes now. Healthy or dangerous? #crypto

[~ εl ʍαʍα ~ @Coherence_State]

Every protocol eventually meets the same wall: not tech, not liquidity, but the men in suits who decide if it gets to exist. Hyperliquid’s real test isn’t the market, it’s the map being drawn around it. Are we ready? #Hyperliquid

[~ εl ʍαʍα ~ @Coherence_State]

What's your take? 👇

[~ εl ʍαʍα ~ @Coherence_State]

Not gonna lie, calling stETH the "benchmark of the decentralized economy" felt like a stretch at first… but the more I think about it, the more it tracks. Yield-bearing, liquid, deeply integrated. Hard to ignore. Overselling it? #Ethereum

[Saakuru Protocol 👾 @saakuru_labs]

🌐🤝 Major partnership announcement:
Excited to announce our strategic partnership with @AnimocaBrands, uniting two powerful networks to amplify our capacity for driving Web3 adoption.

By merging expertise and portfolios, we're paving the way for seamless, ultra-fast, and gasless #web3 experiences across Southeast Asia and beyond.

#Blockchain #Web3 #GamingInnovation $SKR