Pickadulverman

The trickster coyote of Native American tales, representing the unpredictable

[Monad @monad]

drop your Monad address below within the next 24 hours to receive your soulbound NFT

[panda @pandaa]

Drop your solana address

Check the wallet later.

[Nick Tomaino @NTmoney]

The ETH Thesis

- Credibly neutral store of value is the only $100T+ opportunity on the planet. At just $300B mkt cap, that’s 333x upside

- The only 2 coins competing for credibly neutral store of value are ETH and BTC. Everything else is a company coin (insiders pumping their bags, tied to a jurisdiction, heavily reliant on biz dev and top down marketing)

- Ethereum is the most socially scalable ecosystem in crypto. Serious builders do not want to build an app on your L1, they want more control and better economics. The Robinhood Chain L2 proves this, growing the network effect of EVM and distributing ETH. ETH OGs are now coming out of the woodwork to use Robinhood Chain too, further strengthening the network effect

If you don’t believe me or don’t get it, I don’t have time to convince you sorry

[EllioTrades @elliotrades]

My single most controversial take of this cycle

is that OLD COINS will make you richer than new ones this cycle

Now this may seem absolutely INSANE in the context of a meme coin cycle

Most of the reason people hate "VC coins" is that there were years of token overhang so they never pumped

Well kids, those vesting schedules are done now. Almost every big DeFi name is nearly fully circ and they still run shit

Once they pivot to token buybacks and burns we will see these old dino coins fly 20-50X+ and you will not have to wake up in cold sweats every night holding them

That's why they will make you richer than the memes, which we've already seen burn 99% of people gambling on them

I'm going to still play onchain but I look forward to winning in size on several of these bets that new gen crypto have written off as dead due to token overhangs that are no longer a factor

TLDR, fully circulating VC coins will create way more winners than meme coins this cycle

Let's bet on this shit

[CEX.IO @cex_io]

✨ Whether you're new or a pro, everyone needs the basics.

❓🙋 What is #blockchain? Answer in the comments!

👏 Big applause if you know it! If not, no worries – we've got you covered.

Check out our beginner-friendly video below 👇

[Pickadulverman @Coyote_Win6eik]

gym session done. is there any better time to think about long-term plays than mid-cooldown? something about the endorphins makes conviction hit different. already rethinking half my bags lol

[Pickadulverman @Coyote_Win6eik]

Imagine sitting on 600 BTC since 2009 and just now deciding to move it. What made this whale finally wake up after 16 years of pure silence? Early holder cashing out or just shuffling wallets? #Bitcoin

[Pickadulverman @Coyote_Win6eik]

Been trying to time BTC for years and honestly? I've missed more pumps than I've caught. The data keeps showing most gains come from just a handful of days. Maybe just sitting on your bags really is the alpha. Anyone else given up on timing? #Bitcoin

[Pickadulverman @Coyote_Win6eik]

2am and the charts are glowing again. funny how markets never sleep and neither do the people trying to make sense of them. maybe we're all just looking for patterns to feel less lost.

[Pickadulverman @Coyote_Win6eik]

yo ZEC just tagged $1k and torched $34M in shorts 😅 privacy coins really pulling a comeback arc nobody had on their bingo card. shorts got absolutely cooked lol

who else is watching #Zcash right now?

[Pickadulverman @Coyote_Win6eik]

3am walk, streets empty, portfolio green. something about checking charts under streetlights hits different when the numbers actually cooperate for once. 73% of my best trades were opened past midnight — coincidence?

[Pickadulverman @Coyote_Win6eik]

cooked dinner for the first time in 3 weeks. 40 min of chopping vs hours of chart staring — cortisol down, satisfaction up. charts will still be red tomorrow, the pasta won't.

[Pickadulverman @Coyote_Win6eik]

Honestly the daily crypto recaps feel like a rollercoaster lately - one day it's ETFs mooning, next day it's another hack. My take? The noise is loud but the builders are quietly winning. Long-term still bullish.

Anyone else tuning out the daily drama? #Crypto

[Pickadulverman @Coyote_Win6eik]

reading Schelling's "Strategy of Conflict" and every page reads like a market post-mortem. equilibria, signaling, credible commitments... it's all just liquidity behavior in a trench coat. no wonder crypto feels like a live game theory lab.

[Pickadulverman @Coyote_Win6eik]

Wild to see Hargreaves Lansdown go from "stay away" to rolling out the red carpet for crypto ETNs. UK retail finally getting a real seat at the table after years of gatekeeping. Who else remembers when they were the loudest skeptics? #crypto

[Pickadulverman @Coyote_Win6eik]

3 monitors, 2 phones, 1 coffee. the usual setup.

sometimes i wonder if i'm watching the markets or if they're watching me. we build these little cockpits thinking we're in control, but maybe we're just passengers pretending.

[Pickadulverman @Coyote_Win6eik]

closed the laptop mid-chart analysis and went outside. sun hit different. charts will still be there. touch grass, it's undefeated.

[vitalik.eth @VitalikButerin]

Some of my perspective on where the @ethereumfndn is going.

First of all, this is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not. @aerugoettinea is the one executing much of this transition. My input has been largely on technical questions. The board is in the process of expanding, and my own power within the org will continue to decrease, which is honestly what I want.

The 2025 era brought many important improvements to EF and its ability to execute. Many issues were resolved, and EF continues to benefit from its improved efficiency and greater focus on concrete goals to this day. And so with those problems resolved, early this year, the largest remaining hole that I perceived was something different nagging at me: I would regularly spot people saying things like "vitalik says these beautiful things about ethereum needing to be decentralized, and have privacy, and be a sanctuary technology, but why do the EF's actions not reflect that?"

Now, you may have been hearing something different. You may not have been sensing a feeling of crisis at all, and maybe were hearing people saying that finally we were taking execution and BD seriously and the main task for us is to keep going that way and be even better and faster. Then probably there is genuine difference between you and me, in what kinds of criticism I take most seriously, and what kinds of critics through their criticism are most able to make me feel pain.

As an analogy, let's briefly switch over to a different domain.

One belief you can have about Google is that it is a success story, and has brought a lot of good to humanity in organizing the world's information. Another belief you can have about Google is that they had a beautiful idealistic beginning, but at some point the corruption of mainstream corporate attitudes seeped in, and they slowly bit by bit completely abandoned the "don't be evil" slogan.

My belief on Google specifically is probably somewhere between the two. BUT, if you had taken me back in time to ~2008, and offered me a button to press to make Google one or two standard deviations more "dogmatic", eg. give Richard Stallman permanent veto power over some key policies, I would immediately press it.

Why? Because a choice for one company is not a choice for the world, or even one country. Google existed and exists in the context of a technology industry generally drifting away from early idealistic don't-be-evil roots and toward greed for financial gain, totalizing visions of accelerated superintelligence, infiltration by sociopaths, and craven capitulation to (or worse, active participation in) government pressure for ideological control, surveillance and war. And so *one company* doing something different, positioning itself to be what George Bernard Shaw calls the Unreasonable Man, resisting the trend of the times, would have been better for freedom, balance of power and stability of society as a whole, than *all* large companies bending to dominant trends. This is a part of my version of pluralism.

This line of thinking is not just mine, but I also is not too far off from what Aya and others had in mind with the Mandate.

Now how does this all get to the role of the EF?

EF is not a "center of Ethereum", rather EF is "one node, with a defined purpose, alongside other nodes". We've always said that the EF should be the latter, but many in the Ethereum ecosystem (and even within the EF) wanted us to be the former. Now, we are taking action to ensure that we will be the latter.

This is particularly important because EF is a limited organization, with limited resources and limited organizational capacity. The EF has only ~0.16% of all ETH (less than many other individual ETH holders), whereas among other blockchains it's common for "the central foundation" to have 10-50%. Fiscally, the EF was originally designed to fulfill a limited work scope defined in the token sale docs and other pre-launch materials (building the chain software; getting through Frontier, Homestead, Metropolis, Serenity), which was fully completed in 2022; it was not designed to be an eternal steward.

And so today, the EF is choosing to use its remaining resources to pursue longevity over breadth (yes, this means we sell less ETH). The EF focuses *specifically* on those activities critical to the success of ethereum as a censorship/capture-resistant, open, private and secure system, that would not happen otherwise. This means making hard choices, and in some cases even activities that we highly approve of and people that we highly respect becoming outside of the EF. People of great technical talent, public respect and even alignment with the mission and CROPS being outside of the EF is in fact necessary if we want important tasks to be able to attract outside capital. This also means the EF taking opinionated stands culturally.

This is all intended in cooperation with all other parts of ethereum. We recognize that many other parts of the ethereum world highly respect CROPS and related values. But highly respecting is not the same as choosing to specialize and totally dedicate to a domain (Compare in a different domain: I think reducing animal cruelty is important, and I like vegan food, but am not full unconditional vegan myself)

EF is still in a transition period, and we expect its new long-term form to stabilize over the next few months. What are the guiding principles of this new form? Again, I am only one person, but I can give my answer from a technical perspective (there are also critical non-technical aspects).

At the core, *Ethereum must be impressive*. We are living in an age of highly intelligent AI and all kinds of other technological acceleration. "Status quo EVM, with a hard fork or two a year to optimize for short-term needs of users" is not interesting.

To some, "impressive" means: 250ms latency and 1M TPS. I think Ethereum trying to go that route is a mistake. Being as fast and as scalable as possible, and only a small epsilon more decentralized than the others, is a route to mediocrity, and if we try it we will lose.

I think Ethereum should scale. But I think Ethereum should strive the hardest to be deeply impressive in a different dimension: the CROPS dimension. This means things like:

* Provably bug-free Ethereum. This is a goal that all cybersecurity researchers would have thought is absurd and impossible, up until roughly 6 months ago. Now, it's on the cusp of being possible, thanks to AI-assisted formal verification. So we should be frontrunners in doing this.

* Available chain consensus. Ethereum is, and with lean consensus will cotninue to be, the ONLY chain that has both (i) traditional-BFT style properties that it's safe under asynchrony up to a high level of fault tolerance, and (ii) the bitcoin PoW-style property that under synchrony it's safe up to 49% attackers. As far as I can tell, literally no other chain has this or is planning for it; bitcoin goes for (ii) only and most other chains go for (i) only. Some will remember I fought hard for this, Unreasonably insisting that it is not OK for ethereum to rely on social consensus and hard forks to rescue ethereum from 34% of nodes going offline. It's OK for chains like hyperledger, bnb, solana, tempo, etc. It's not OK for bitcoin or ethereum or eg. zcash.

* Intermediary minimization. The fact that smart contract wallets, protocols like railgun, etc have to send transactions through intermediaries to get included onchain is honestly embarrassing, and it's a constant point of fragility. Hence the work on FOCIL and EIP-8141 (and 7701 and years of work before) to make transaction sending intermediary-minimized with public mempool and strong inclusion properties, in a truly general-purpose way, that covers not just eg. secp256r1, but also privacy protocols and much more. Kohaku is pushing intermediary minimization at the user layer, pulling Ethereum away from the dystopian status quo world where our wallets don't even verify the chain, send our private data out to a dozen third-party servers, and toward a brighter CROPS future.

Some of these goals are Unreasonable - maybe Ethereum would be "fine" getting only 50% of the way - what if we depend on intermediaries, but make it easy to switch? But going 50% of the way would not make Ethereum Deeply Impressive in the CROPS way. So we push for 100%.

Fortunately all these goals are compatible with high TPS, this is a major focus of research (esp. on scaling the state). Well-designed L2s can also help, especially L2s optimized for specific applications (eg. high-volume trading, privacy...). These goals are even compatible with significantly lower slot times, thanks to Raul's work on erasure-coded P2P, and many other optimizations.

The most high-value "product" of the ethereum blockchain, financially speaking, is ETH the asset. Ethereum secures $250 billion of ETH. The types of properties of Ethereum that I mentioned above are very good for ETH the asset. Nearly 90% of my net worth is in ETH, and most of the remainder is ~$40m of onchain fiat of which every dollar has already been allocated for some open-source biotech or software or hardware initiative. That said, there are aspects of supporting ETH the asset - *necessary* aspects even - that are outside the scope of the EF. This is where we need other heroes (some of whom hold more ETH than the EF does) to step in and help. EF has been recently thinking more about how it will relate to other such organizations, and give them needed initial support.

EF will be a smaller ship than in previous years, a more opinionated one - in some cases more opinionated in ways that might be difficult to comprehend - but a longer-lasting one, and one suited to making sure that ethereum brings something meaningful to the world. We are grateful to all those inside and outside the EF who are helping to make this happen.

[vitalik.eth @VitalikButerin]

In these five years, the Ethereum Foundation is entering a period of mild austerity, in order to be able to simultaneously meet two goals:

1. Deliver on an aggressive roadmap that ensures Ethereum's status as a performant and scalable world computer that does not compromise on robustness, sustainability and decentralization.
2. Ensures the Ethereum Foundation's own ability to sustain into the long term, and protect Ethereum's core mission and goals, including both the core blockchain layer as well as users' ability to access and use the chain with self-sovereignty, security and privacy.

To this end, my own share of the austerity is that I am personally taking on responsibilities that might in another time have been "special projects" of the EF. Specifically, we are seeking the existence of an open-source, secure and verifiable full stack of software and hardware that can protect both our personal lives and our public environments ( see https://t.co/GzgBS9sh87 ). This includes applications such as finance, communication and governance, blockchains, operating systems, secure hardware, biotech (including both personal and public health), and more. If you have seen the Vensa announcement (seeking to make open silicon a commercially viable reality at least for security-critical applications), the https://t.co/cuyU9Chs1y including recent versions with built in ZK + FHE + differential-privacy features, the air quality work, my donations to encrypted messaging apps, my own enthusiasm and use for privacy-preserving, walkaway-test-friendly and local-first software (including operating systems), then you know the general spirit of what I am planning to support.

For this reason I have just withdrawn 16,384 ETH, which will be deployed toward these goals over the next few years. I am also exploring secure decentralized staking options that will allow even more capital from staking rewards to be put toward these goals in the long term.

Ethereum itself is an indispensable part of the "full-stack openness and verifiability" vision. The Ethereum Foundation will continue with a steadfast focus on developing Ethereum, with that goal in mind. "Ethereum everywhere" is nice, but the primary priority is "Ethereum for people who need it". Not corposlop, but self-sovereignty, and the baseline infrastructure that enables cooperation without domination.

In a world where many people's default mindset is that we need to race to become a big strong bully, because otherwise the existing big strong bullies will eat you first, this is the needed alternative. It will involve much more than technology to succeed, but the technical layer is something which is in our control to make happen. The tools to ensure your, and your community's, autonomy and safety, as a basic right that belongs to everyone. Open not in a bullshit "open means everyone has the right to buy it from us and use our API for $200/month" way, but actually open, and secure and verifiable so that you know that your technology is working for you.

[Pickadulverman @Coyote_Win6eik]

Been thinking about this all day tbh.

[Pickadulverman @Coyote_Win6eik]

tried timing btc last cycle and got absolutely wrecked lol. turns out most of the yearly gains come from like a handful of days you'd probably miss anyway. just stacking and chilling now feels way saner

anyone else done trying to time it? #Bitcoin