Now understand the following critical difference between this operation and a similar operation on an Ethereum L2.
- When I am confirming the transaction on Solana it is settling in seconds to the Layer 1 blockchain. This is legal ownership of the Tesla derivative. The transaction is finalized instantly. I own the derivative.
- If you do this with a Ethereum L2, you are not settling the trade, ownership is not legal, you are simply being promised that the trade is made by the L2, which just sequences the trade in a single server database. Then later it batches all the transactions up (rollup) and submits them to Ethereum, which has 7 days to confirm them. So there are 3 levels of failure with Ethereum L2s. The L2 is a single point of failure, the rollup is a point of failure and Ethereum validators may reject the entire rollup the third point of failure.
You have been gaslit about Ethereum L2s. They are not blockchain, and will never be regulated to settle ownership like this. Whoever built them, promotes them and implements them never understood web3. They were gaslit too.
IMO: @VitalikButerin needs to put together a team and rebuild Ethereum L1 with modern languages and architectures. Until then Ethereum L2s are frauds.
This is not personal. Its technical. Understand the difference. Grow as users. Its 2025 we not idiots.
Here is @grok summary opinion of my post in the thread.
Meet Big Pharma’s greatest threat:
Barbara O’Neill.
This 71-year-old woman’s banned healing methods have saved millions of lives.
I've collected her top 8 lessons for peak health and lasting longevity: 🧵
While I don’t think the debate hosts were fair to @realDonaldTrump, @KamalaHarris exceeded most people’s expectations tonight.
That said, when it comes to getting things done, not just saying nice-sounding words, I strongly believe that Trump will do a far better job.
After all, if Kamala can do great things, why hasn’t she? Biden rarely shows up for work, so she’s basically in charge already.
The question comes down to this: do you want current trends to continue for 4 more years or do you want change?
Solution to US debt crisis coming from a Singaporean
→ US Govt Print 1 Trillion $
→ Buys 1 Trillion worth of BTC to move BTC value to $1M per btc
→ Repay debt in #btc
→ Repeat until US goes debt free
Easy. That’s why we are one of the smartest nations in the world.
If you want to make the process be faster, buy #ETH Due to supply constraints, debt will clear twice as fast.
Elon Musk Reveals 7 Reasons Why He’s Voting for Donald Trump
1. @ElonMusk was astounded when Trump fist-pumped and shouted, “Fight!” shortly after getting shot in the face. “You can't feign bravery in a situation like that,” he said.
2. Musk seeks a leader “who is strong and courageous to represent the country.”
3. He wants someone tough to deal with world leaders who are pretty tough themselves. “Poor guy [Biden] has trouble climbing a flight of stairs, and the other one's first pumping after getting shot. This is no comparison.”
4. Musk wants “a secure border. We don't have a secure border.”
5. He wants someone who can deliver “safe and clean cities.”
6. Musk Thinks Trump is the better candidate to reduce spending. He’s concerned about this issue because “we're currently spending at a rate that is bankrupting the country.”
7. Musk aligns with Trump’s vision to cut bureaucratic bloat. He wants someone who will “reduce the size of government.”
Pretty convincing list, wouldn't you agree?
STOP PANIC SELLING THIS DIP:
In 2016, Bitcoin had a 30%+ correction post-halving.
In 2020, Bitcoin had a 20%+ correction post-halving.
Furthermore, for the past 4 years, Bitcoin has hit a low in June:
In 2020, BTC bottomed on June 28.
In 2021, BTC bottomed on June 22.
In 2022, BTC bottomed on June 19.
In 2023, BTC bottomed on June 15.
Everyone thought "sell in May and go away" wouldn't work, but it almost always does, 2024 is no exception.
Maybe summer is for selling, but better days are ahead.
Many more millionaires will still be made in this cycle, and it’s the dips, not the ATHs, where this wealth is created.
Don’t let yourself be shaken out over these few months, remember, u need to buy fear, not the other way around.
I just made over $22,500 on the weekend with automated trading bot.
A recent GPT4.o release knows to make you a millionaire.
I spent over 2 weeks to make it find the most profitable tokens.
A 🧵 on creating your own trading bot in 3 easy steps 👇