Logan in the Cryptoverse

Saigonese - Melburnian - IT Project Manager - Gamer - Weightlifter - Bitcoiner - Husband - Father

[Logan in the Cryptoverse @LoganLHTrieu]

@DefiIgnas I realised Crypto is most fun when I started accumulating BTC with my full-time salary and stop staying in the trenches (memecoin, airdrop, chasing the next big thing?

[Logan in the Cryptoverse @LoganLHTrieu]

@edwardmorra_btc You can convert 1 sUSD → 4 SNX (valuing sUSD at its $1 par and SNX at ~$0.25). If you hold through vesting 1-2 years, you could theoretically get your money back by selling SNX. However in reality, SNX token can (and most likely will) tank in this bear market.

[Logan in the Cryptoverse @LoganLHTrieu]

@base Wow that’s cool

[Logan in the Cryptoverse @LoganLHTrieu]

@base base:0x5b2193fdc451c1f847be09ca9d13a4bf60f8c86b

[Logan in the Cryptoverse @LoganLHTrieu]

@coinfessions If you made 70k and lost everything back, it only means you are lucky with one trade (or a few trades). That’s all.

[Logan in the Cryptoverse @LoganLHTrieu]

@r3tarddownunder @PaulineHansonOz Can’t believe Airbus Albo still sits on the top given how unpopular he is 🤷‍♂️

[Logan in the Cryptoverse @LoganLHTrieu]

This post has some facts, but also had a big logical flaw when assuming $ETH will follow $ATOM.

$ATOM is almost just: staking + governance

$ETH is:
* gas
* collateral
* staking asset
* treasury reserve asset
* ETF asset
* settlement asset

Not the same moat

[Ignas | DeFi @DefiIgnas]

I can't shake off the thought that $ETH is following $ATOM.

Both has tech used beyond their own ecosystem:

- IBC and the Cosmos SDK run under dYdX, Celestia and Injective.

- The EVM runs almost every chain that isn't Solana.

Lots of adoption but native coins don't accrue much value.

Both scaled by pushing activity out to satellite chains:

- Cosmos with app-chains like Osmosis
- Ethereum with L2s

Cheaper for users, but value leak to the edges while the L1 pay for security.

Like L2s are slowly dying, Cosmos App-chains are pivoting or shutting down with Akash's $AKT about to propose a new migration chain.

Price is going the same way but slower for ETH.

ATOM is down ~86% over five years. ETH 'only' 38%.

The big shift was valuing L1s mostly based on fees/revenue.

I think that's flawed for L1s but $HYPE and $TRX proved that L1s can actually generate high enough fees and burn tokens via buybacks to affect the price.

Cosmos community was asking FOR YEARS to fix ATOM's inflation and weak value accrual, and nothing changed until an 86% dump forced it.

Even a founder was pushing for a hard fork.

Apathy set in within Atom and no one even talks about it on CT anymore.

Now they're redesigning ATOM to capture value instead of just paying stakers to hold. Current proposals:

• inflation tied to actual fee revenue (currently a fixed 7-10%)
• longer staking locks earn more
• value accrual extended to SDK (corporate) usage, beyond staking yields alone

$ATOM holders are so desperate they are willing to experiment.

$ETH is at way too high MC and not desperate enough to make any radical changes to it.

Vitalik called supporting ETH the asset 'outside the scope of the EF'.

So any big change probably would come the way it did for ATOM: a crisis deep enough that doing nothing becomes more costly than acting.

ETH still secures billions so too large for anyone to treat this as an emergency.

ATOM had to fall most of the way to zero before it could reinvent itself.

If ETH is on the same path, the level that unlocks it is a long way below here.

[Logan in the Cryptoverse @LoganLHTrieu]

@coingecko The ticket is $HYPE, only 1% of my portfolio but really believe this project will do great thing

[Logan in the Cryptoverse @LoganLHTrieu]

@DefiIgnas This post has some facts, but also had a big logical flaw when assume $ETH will follow $ATOM.

$ATOM is almost: staking + governance

$ETH is:
* gas
* collateral
* staking asset
* treasury reserve asset
* ETF asset
* settlement asset

Not the same moat

[Logan in the Cryptoverse @LoganLHTrieu]

@ThuanCapital Bạn Thuận muốn làm KOL thì phải chấp nhận các rủi ro đi kèm với nó, đó là lúc nào cũng sẽ có haters. Chứ anh muốn làm người công chúng, kiếm tiền từ đám đông, nhưng cũng muốn tất cả mọi người đều yêu mến mình thì việc đó là bất khả thi rồi.

[Logan in the Cryptoverse @LoganLHTrieu]

This is definitely the bear market! Anyone who thinks the cycle would extend to 2026 are probably the same people who contemplated on the super cycle in 2022

[Ignas | DeFi @DefiIgnas]

1. Crypto crashing despite rising dollar anxiety
2. Can no longer say 'we're so early'
3. Crypto Twitter is dead
4. Institutional adoption already happened, tailwind spent
5. Regulatory environment is already as good as it gets
6. AI crowding out electricity for miners
7. Crypto is Epstein-adjacent (Epstein Files)
8. Quantum computing threat to BTC's security model
9. DATs like Strategy are now sellers
10. AI taking all the smart-tech mental share
11. Other markets pumping hard (SK Hynix +250%, Micron +260% YTD)
12. Everything rally is back, Goldman non-profitable tech basket mooning like 2021

Yep, I feel it all.

[Logan in the Cryptoverse @LoganLHTrieu]

#NewProfilePic

[Logan in the Cryptoverse @LoganLHTrieu]

@superformxyz I couldn’t vote despite having $ETH on base network.

[Logan in the Cryptoverse @LoganLHTrieu]

@DefiIgnas $HYPE will be the $SOL of this cycle 😋 I was contemplating selling some of my $ETH holding for $SOL, but eventually sticking with $ETH and pick $HYPE as the asymmetric bet instead.

[Logan in the Cryptoverse @LoganLHTrieu]

@TrollinJabronis @Param_eth Lol, I love a post slamming $XRP for no reason 🤣 but that shitcoin really deserves all the criticism for doing nothing in 14 years but still in the top 10 🤣

[Logan in the Cryptoverse @LoganLHTrieu]

@SkyEcosystem SKY is a good protocol, but a good protocol doesn’t always translate to a good value-appreciating token. $SKY is a prime example, the DAO is very political.

[Logan in the Cryptoverse @LoganLHTrieu]

@blancxbt This must be a joke, right 🤣

If you are serious, you need to seek professional help immediately because you obviously have some mental illness

[Logan in the Cryptoverse @LoganLHTrieu]

I for one, support this proposal. I am no longer actively participating in DeFi due to risk/reward no long worth it so tx fees don’t matter anymore

[Ignas | DeFi @DefiIgnas]

Ethereum txs reaching ATH due to address poisoning attacks.

Every time the gas limit is raised and tx fees go down, it costs less to 'dust' a wallet.

For example, after Fusaka, sub-$0.01 dust txs increased by 600%.

Etherscan reported that Ethereum address poisoning succeeds about 0.01% of the time: 1 in 10,000 transfers tricks a user into sending funds to an attacker.

Actually, Ethereum might benefit from RAISING fees as they it makes address poisoning attacks more expensive and it burns more $ETH.

[Logan in the Cryptoverse @LoganLHTrieu]

@AusPoll6 About time. Liberals/Nationals aren’t real conservatives.

[Logan in the Cryptoverse @LoganLHTrieu]

@aave @global_dollar How long does the incentive period last?