Jimmy "Lineth" Paige

LinETH believer | Not @LineaBuild Team | Views expressed are my own
| Pay close attention
| Live, Breathe, Linea

[Jimmy "Lineth" Paige @EthereumLinea]

Imagine a future where assets can instantly settle between any EVM-based network - no bridging

Zero-knowledge.
Post-quantum security.
No fragmented liquidity.

This is where Linea comes in.

When Ethereum becomes the dominant settlement layer, and Linea becomes the major interoperability layer connecting institutional Ethereum networks, the economic activity flowing through that stack will be MASSIVE.

Linea's dual-burn model links network activity directly to scarcity. All transaction fees are paid in ETH, with 20% burned to reduce ETH supply and 80% used to buy back and burn LINEA tokens.

Linea is Ethereum.

[Joseph Lubin @ethereumJoseph]

> This is a "we don't know what we actually want" problem.

The mob wants ETH number to go up. Failing that, someone, anyone, to point fingers at.

This will require greater need for and use of ETH, and therefore more burning of ETH.

Fortunately, we are getting very close to being able to implement near-synchronous and synchronous composability in which tokens will be able to move automagically via ZK proofs that set up shared atomic execution contexts across multiple networks (L1, L2s, Besu private networks, ...) in real-time. This will unify fragmented liquidity pools in real-time. Much ETH will be burned increasingly many complex bridge-less cross-chain TXs are orchestrated. TradFi is coming to do some of this. Agentic will do some of this. And DeFi will make use of this.

[Jimmy "Lineth" Paige @EthereumLinea]

@XRPCuracao Many zero many burn.

[Jimmy "Lineth" Paige @EthereumLinea]

The $LINEA bullrun starts this year regardless of what the rest of the market does.

[Jimmy "Lineth" Paige @EthereumLinea]

@Lamstarboy1 Sir that's not a recent chart. It is not reflecting current prices.

[Jimmy "Lineth" Paige @EthereumLinea]

@0xRabby what is a scam sir?

[Jimmy "Lineth" Paige @EthereumLinea]

@LORD_WETTE $LINEA will reach billions!

[Jimmy "Lineth" Paige @EthereumLinea]

@isanghu08774192 Very wealthy sir

[Jimmy "Lineth" Paige @EthereumLinea]

@Ethereum_Maxis There is no second best

[Jimmy "Lineth" Paige @EthereumLinea]

@Ethereum_Maxis What is the thesis behind this claim, sire?

[Jimmy "Lineth" Paige @EthereumLinea]

Both ETH-LINEA LP and stablecoin pairs are good, but earning yield on stablecoin pairs might be better for creating sticky liquidity for economic growth

As Linea moves closer to decentralization, governance and the ability to vote on yield boost sounds good, but directly receiving ETH and stablecoin yield may attract a lot of short-term profit seekers to extract liquidity.
It's a good utility, but only in a smaller allocation; there needs to be a balance of maintaining strong short-term incentives while still incentivizing long-term sticky liquidity.

I am not sure about institutions staking LINEA to get "access" to the interop because then you have to ask, as the price of LINEA increases, what becomes the threshold to access the interop; from their perspective, it just seems like something they wouldn't be comfortable with.

Maybe it's better to have staking as economic alignment than a paywall that creates friction.
Hypothetical example, as Linea becomes more decentralised, institutions may naturally want to stake LINEA to secure the interop layer. (if technically applicable)
In that scenario, from a perspective of institutions, staking LINEA could provide them confidence knowing they are securing the infrastructure through which their assets flow.

[Jimmy "Lineth" Paige @EthereumLinea]

In the not-so-distant future;

Global finance will settle on ethereum:native
Coordinated by ethereum:0x1789e0043623282d5dcc7f213d703c6d8bafbb04

Thank me later.🫡

[Cointelegraph @Cointelegraph]

🇺🇸 BULLISH: SEC Chair Paul Atkins says the agency is taking “historic steps” to move US markets onchain.

[Jimmy "Lineth" Paige @EthereumLinea]

Perhaps the ETH generated by the yield boost could be allocated as additional rewards for liquidity providers, or a single-sided $LINEA staking pool for those who don't want to take on impermanent losses - with less APR.
This rewards users with ETH for locking LINEA and reducing the circulating supply.

Although it would be best to find a way to keep the ETH on the chain, so that ETH can continue generating yield indefinitely.

[Jimmy "Lineth" Paige @EthereumLinea]

Sir, you make a fair point here.
Initially, I believe the burns should bring a significant impact, but as the asset value increases, the less significant the price impact of buyback and burns will be.
Therefore, maybe we need more mechanisms that capture value more efficiently.

[Jimmy "Lineth" Paige @EthereumLinea]

@coingecko $LINEA, but you won't listen

[Jimmy "Lineth" Paige @EthereumLinea]

@EthereanVibin 100%, just have to buy closer to bottom than the top. If it dips, buy more.🤣

[Jimmy "Lineth" Paige @EthereumLinea]

@Danny4582851 @0xcyp 🔥🔥

[Jimmy "Lineth" Paige @EthereumLinea]

@0xcyp Volume = Revenue = Burn

[Jimmy "Lineth" Paige @EthereumLinea]

@0xcyp Synchronous composability sir.

[Jimmy "Lineth" Paige @EthereumLinea]

For ya'll who can't put 2 + 2 together;

P2 of Joe's tweet on synchronous composibility is all about $LINEA becoming directly responsible for $ETH number go up, the concern addressed in P1 of his tweet.

When will the crowd figure it out? 🤷‍♂️

[Joseph Lubin @ethereumJoseph]

> This is a "we don't know what we actually want" problem.

The mob wants ETH number to go up. Failing that, someone, anyone, to point fingers at.

This will require greater need for and use of ETH, and therefore more burning of ETH.

Fortunately, we are getting very close to being able to implement near-synchronous and synchronous composability in which tokens will be able to move automagically via ZK proofs that set up shared atomic execution contexts across multiple networks (L1, L2s, Besu private networks, ...) in real-time. This will unify fragmented liquidity pools in real-time. Much ETH will be burned increasingly many complex bridge-less cross-chain TXs are orchestrated. TradFi is coming to do some of this. Agentic will do some of this. And DeFi will make use of this.

[Jimmy "Lineth" Paige @EthereumLinea]

@LeChiffre Can't wait for RWA's to have a home on $LINEA.

@lendxyz hurry up already.

[Jimmy "Lineth" Paige @EthereumLinea]

@all___in @LeChiffre @ethereumJoseph @DeclanFox14 bro shut the fck up
@ethereumJoseph please unfollow this swine