In hindsight, Bitcoin's security budget crisis will solidify it's place as just another prototype in a long line of failed implementations.
eCash > B-money > Bit Gold > Hashcash > Bitcoin
Ethereum is the only chain with a sustainable security budget.
https://t.co/M8EFIjTkM2
This World Cup made me realize we are not alone to struggle with truth seeking at https://t.co/WAXf9UvAEg. Even the FIFA referees, which are among the best in the world, missed a few faults.
Truth seeking is a hard job.
Gen Z entrepreneurship increasingly looks like running a portfolio of asymmetric coups rather than betting everything on one serious, long-term project.
One month it’s an AI wrapper. Then a TikTok Shop product, a viral food trend, or buying scarce inventory during a shortage and renting it back at triple the price. In Europe you can also trade the state: find the latest subsidy, regulation or public failure and put yourself in the middle.
Build the website over a weekend, extract as much as possible while the window is open, then abandon it as soon as the trade stops working.
It’s basically entrepreneurial day trading. Low commitment, limited downside, permanent optionality and a small chance one bet makes you rich.
And honestly, it’s rational. Why spend ten years committing to one difficult company when AI lets you place ten cheap bets per year and one winning bet can make you rich?
Best guess how corpo chains play out:
1. Tons of corpo chains get announced
2. Majority do PoA L1s (urge to "own the full stack")
3. Many see adoption at first, huge wave of incentives
4. As incentives die off, corpos realize L1s are hard
5. Vast majority (90%+) announce transition to L2s
Whole process takes 2-3 years to play out.
ETH Tbilisi 2.3 - May 31 - 6pm (GMT+4)
The Renaissance of the DeFi Lego | DeFi Builders Roundtable
very cycle someone declares DeFi dead. Then the Lego clicks back together.
So what's actually going on?
👇 1/3
When a @Polymarket result is disputed, it goes to a decentralized panel of judges.
But the system is rife with conflicts: ~60% of judges were linked to Polymarket accounts, and in nearly 20% of disputes we found judges tied to bets on the very markets they were deciding.
w/ @aosipovich
https://t.co/9vTGSMmFcn
Great article! Though you forgot to mention the most interesting part. The staking yield will not just be reduced but actually turn negative beyond a point.
You will lose money when staking ETH, which is great because it will incentivise people to just hold ETH instead of holding derivatives like stETH.
This is exactly the kind of incentive we need for the long-term security of Ethereum. 🙌
Today, we're launching ZCAM, an iPhone camera app to Prove What’s Real.
ZCAM cryptographically signs photos and videos at the moment of capture. Anyone can independently verify the content came from a real device and hasn't been altered or AI-generated.
say it with me now. experts are fake, smart generalists rule the world, everything is designed by people no smarter than you, and courage is in shorter supply than genius
@Dogeplaymid https://t.co/WAXf9UvAEg founder ici, le but de notre comité ce n'est pas de rig le market mais de trouver la truth, c'est justement pour ça qu'on a un comité transparent et pas une seule personne (moi) qui décide
@FastLife At least we are doing things transparently at https://t.co/WAXf9UvAEg, telling everyone of our every move, posting our rationale on Discord, ... Do you prefer this or having BornTooLate and Across DAO controlling half the supply? We are making things better, not worse.
@TheGreekTrader@koozy_pm@mustafap0ly Founder of https://t.co/1jHVp6IJn6 here
In what way exactly is POLY the solution apart from its market cap being higher than UMA?
The system will likely be similar, buy as much POLY as you can and vote with it, same as currently, no?