0xyads

Normie moving to the decentralised world. IRL @yevindra

[0xyads @CryptoYads]

A decentralised world is the next frontier and I have decided to start migrating. 🧵

1/ In a world that has been discovered, growth rates are parity and migrating is hard due to a pandemic and restricted borders - I am convinced that a decentralised world is the next frontier.

[THE SHORT BEAR @TheShortBear]

I have never seen so many people capitulating out of $ETH or crypto.

Some are writing blogs and essays explaining why it failed, mainly naming how other chains won the race, measured by fees taken in.

Some of my thoughts, in these hard times:

Time will tell, but I think many people are mistaken in treating $ETH like an end-stage $AMZN, as if the main question is already about mature margins, fees, and cash flows.

In reality, Ethereum is still very much earlier in its economies-of-scale phase, with nearly all metrics in the top right corner and growing at mid double digits to tripple.

Furthermore, most of the market is focused on the wrong battle: who can become the fastest and cheapest payment processor.

Lower fees, higher throughput, faster settlement. But that is likely a race to commoditization, similar to the payment processors crash over the last years.

If the only value proposition is speed and cost, then the moat gets thinner over time, easy disruptable. Someone can always be faster. Someone can always subsidize fees lower. Someone can always optimize one narrow use case.

The real value may not be in the transaction fee itself.

The real value is likely in the amount of economic activity secured by the network, the credibility of that security, the neutrality of the base layer, and the difficulty of replacing it once enough assets, applications, institutions, and users depend on it.

That is where Ethereum seems different to me and why so many institutions are choosing $ETH.

Most other projects still feel replaceable. They may have better performance in one area, better UX in another, or lower fees in the short term. But if their advantage is mainly technical efficiency, that advantage can be copied, competed away, or made irrelevant.

The newest hottest thing today is replacing the hottest thing from last quarter.

Ethereum’s bet appears to be much larger: become the most secure, decentralized, credibly neutral settlement layer for the internet economy.

Not the cheapest rail.
The hardest rail to replace.

In the end, the most valuable network may not be the one with the lowest transaction costs. It may be the one people trust most to secure the highest-value assets and applications over the longest period of time.

If $ETH can retain its market share while continuing to scale through upgrades that improve speed, throughput, and fees, its potential remains significant, especially if AI agents become truly crypto-native.

If it combines all of the above and earn the crown as the leading value-secured network, then $ETH could eventually be viewed as something like a truly decentralized, inflation-adjusting global bond: securing the world’s assets, free from political meddling, and deserving of a premium market cap because of the value it protects on top of the deflationary pressures create incentives to stake, get yield and trust the equivalent of buybacks and griwth in value secured to provide additional value.

Keep in mind over 1/3 of $ETH is now staked!

In that scenario, $ETH would not just be another asset to hold. It could become one of the only truly neutral and secure bonds for the digital economy.

... But sure, lets compare it to $SOL with 6% inflation, no moat, no security, massive outages, decreasing validator nodes and alike.

it just all feels like people are getting lost in short term fees and the easiest valuation attempt rather than what $ETH is actually built for, all while its testing its bottom range and players go full portfolio into AI.

[0xyads @CryptoYads]

Living in a decentralized world is hard when so much is on irl. Sold my last coin last night. The moon shines but Luna faded :) There is so much potential in this new frontier but for the moment I will be looking in not living it

[Psycho @AltcoinPsycho]

Obligatory 2024 predictions thread

For the sake of entertainment, I'll focus on slightly more contrarian ones.

My top 5 below

[Ansem @blknoiz06]

weekend homework for you lads

• go through top 200 alts by volume on binance

• mark out the July 5th & August 5th lows

• look at which are making higher lows on their altbtc & alteth pairs

• take the top ~20 by roi off the bottom

• research FA on all & pick top 5

[Wolf of X @WolfofX]

14. Africa is Massive

[Regan Bozman @reganbozman]

3/ In 2016 @jmonegro published the Fat Protocol Thesis

He posited that in Web3 this would be different - protocols (Ethereum) would capture more value than applications on top of it (Compound)

https://t.co/6gG6ZSuwYj

[0xyads @CryptoYads]

@noahseidman @noahseidman does the fact that it's not fully vested bring on dilution risk or is that priced in

[Bitcoin Magazine @BitcoinMagazine]

Historical #Bitcoin prices on Christmas Eve 🎄

2013 - $666
2014 - $323
2015 - $455
2016 - $899
2017 - $13,926
2018 - $4,079
2019 - $7,323
2020 - $23,736
2021 - $50,822
2022 - $16,822
2023 - $43,665

HODL 🚀

[The Village Idiot @idiotfortruth]

@SamanthaLaDuc @chaddoesdc @CaitlinLong_ Bitcoiners would prefer to trade their scarcest asset (time) for the next scarcest asset (bitcoin).

I don't want to trade my scarcest asset (time) for something that is infinite (fiat currency).

[6529 @punk6529]

"you can't tell what is real or not"

[The Defiant @DefiantNews]

💥 $crvUSD, a new decentralized stablecoin, is now live on #Ethereum!

@CurveFinance users will be able to mint $crvUSD against assets deposited in the protocol, accessing liquidity while simultaneously earning yield.

🔗 @samuel_haig reports:
https://t.co/Qzr2nQoPfQ

[Coinfessions @coinfessions]

I quit my career to go full-time crypto in May 21. I lost 80% of my net worth in Luna. No one views my YouTube channel, and I'm embarrassed to tell people what I do for a living. I've made a grave mistake.

[Captain Rational 🧮📐✏️ @noahseidman]

Those protocols, the critical immutability.

[joseph.eth @josephdelong]

If you drill down deep enough on any concept it is a pozi scheme.

[Jeff Dorman @jdorman81]

IMO, #DeFi is mostly being held back by the lack of real-world stablecoin traction.

If I could spend $USDC/ $USDT on food, bills, employees, I'd be 100% invested in digital assets, & would take overcollateralized dollar loans as needed.

#1 priority should be RW stable adoption

[Alex Thorn @intangiblecoins]

what if i told you the future of decentralized storage was invented 19 years ago

[beeple @beeple]

INFLATION

[Will @WClemente]

Bitcoin is incredibly cheap right now.

It has only traded this far below its 200-day trend and its aggregated cost basis for 3% of its entire existence.

[James Wang @draecomino]

Crypto prices tanked for one reason and one reason only—we did not create enough value for the world.

[𝙋𝘼𝙉𝙄𝘾 @panicselling]

We got him