Important post from Vitalik
In my view, the goal of “a censorship/capture-resistant, open, private and secure system” is the route to greater value for $ETH
(Same goes for $BTC btw)
Narrative: ChatGPT's new model is obsessed with goblins, it's being memed in dev circles and social media.
There are 3 coins for it:
$CREATURES: Covering all the creatures but meme is more about goblins so I believe this will lose to goblin coin
$GOBLINMODE: A dev turned this into a mode, he's an opencode dev, it's a creator coin, opencode hates crypto hardcore, if he supports it would be a shocker, most likely scenario is a negative tweet > to 0
$GOBLINCOIN: this is the only one completely covers the meme, but has no CTO right now
I don't care about market caps, but in this scenario I'm most bullish on the lowest market cap because it's the only one covering the meme.
$230 trillion in global marketable securities. Only ~$25T qualifies as collateral.
That’s a $205 trillion eligibility gap.
And onchain collateral is still less than 0.5% of TradFi markets.
Here's why that's about to change: ⤵️
In the end of the day, the market is a battlefield between bears and bulls. Bears won on 10/10 and many bulls got liquidated and the market switched to winter mode.
But bulls are recovering since Feb, you can see spikes, shorts liquidations in coinglass
Pretty good feeling