I like the idea of regenerative crypto-economic systems enabling individuals and communities more autonomy, resilience, and interoperability.
π€ππ±π
so far Robinhood is everything I thought MegaETH would be:
-->go straight after Solana userbase that Ethereum previously ignored with memes and degen stuff
-->ETHmaxxing, Ethereum patriotism
I was right about the vision just not who would pull it off.
A lot of these items represent values that date back to the origins of Crypto the 90s cypherpunk movement.
But there are more tangible aspects to this philosophy than just idealism.
The things that V talks about here are what give crypto *physical propertiesβ and differentiates crypto from simple digital ledger entries.
You donβt physically own your gmail account, googleβs servers do. You donβt physically own your social media account, some giga corpβs servers do. You donβt physically own your bank account, the banks do. You donβt even physically own your identity, government databases do.
Without the ability to trustlessly verify the chain or permissionlessly access onchain apps or interact with onchain programs without leaking all of your meta data, you donβt truly own your digital assets.
And even if you donβt plan to do any of these things, and youβre happy just storing your own keys and using the most UX friendly wallets, that is fine too.
What matters is that want to *you can* trustlessly verify, permissionlessly access, and privately interact with the chain.
Itβs the very presence of such an option that gives you physical ownership of your crypto.
Nothing else in the digital world gives you those same rights. This is how digitally ledger entries attain physical properties.
These are not just figments of ideology, they are the physically tangible properties that make crypto valuable and useful.
I've never chinamax posted before.
But it really did exeede my expectations when I went last year.
The rural villages were money poor but had tight communites who had relaxing and wholesome way of life
Chongqing was beautiful with great food, facilities and shops. Night life was a bit lame tho
The second picture attached in located in right in the centre of all the buildings of the first image.
In order to understand what this means you need to know that Brantly was the main reason ENS got so popular back in 2021-2022.
The same people who are now stealing the $500m canceled him and fired him even after all he did for ENS.
Yet he did the unthinkable and kept working on ENS until today even after having been treated the way he was. Imagine the frustration of Labs. You fire the guy, you mount a canceling campaign against him ... and yet he does not stop working on the ecosystem.
What this firing and canceling did not do, Nick and Labs managed to finally achieve today. In killing ENS by capturing the DAO and stealing its treasury there is no ecosystem to build on anymore. A naming system that people don't use is worthless. Shame it has come to that.
And despite all that, Brantly and the team shows integrity again here by declining the $1.2m grant from the DAO to keep building on the ecosystem. As there is no ecosystem to build on anymore.
They could have just taken it and slow rugged, but no they are people of integrity. I applaud Brantly and his team for doing so.
The downside that's $1.2m more for Nick and Labs to steal through their "independent" foundation ...
@BrantlyMillegan@ethidorg@BrantlyMillegan, you had a wild run.
I deeply appreciate all the contributions you've made to the ecosystem.
wishing you all th best for the future.
@RyanMcC35236715@ZackKorman The incentives are unfortunate here, as convaying confidence in your service is how you sell it.
Especially security services.
Those who are ethical and honest will put doubt in the buyers mind.
The snake oil salesman has an easy sell.
people forgot that Ethereum's economic security model (π) is far superior to Bitcoin's,
making it the best long-term pristine collateral.
Capital will rotate from BTC to ETH if Bitcoin has the slightest security hiccup.
Maybe not tomorrow, but BTC is a ticking time bomb. βπ£