Mike Abundo

Committee Chairman, @FintechPHL | Silent Lurker, #CryptoPH

[bread.mega @bread_]

This episode should wake up every complacent scaling participant in this industry.

→ Cloudflare operates >20% of the internet.
→ CEO is pilled on crypto as integral to the economic stack of future Internet
→ Needs >1M TPS day 1. Likely more.

We don't have enough performant blockspace.

(Listen from 1:10:50)

[Krugman @krugman87]

Agree with the Saylor take here. Don't agree with the Lee take.

Tom Lee isn't levered, at all. His position is pure spot so he's not a forced seller at any price. He sits on his losses like the rest of us plebs.

He also sits on a spot position that earns a passive yield via network staking, yet another key difference vs Saylor/BTC.

[MilliΞ @llamaonthebrink]

I don’t think ppl fully comprehend the network effects that Ethereum has in the developer community.

There is so much more tooling for EVM development, and solidity in particular, than any other crypto developer platform in the world. It’s not even close.

When it comes to building in this industry, Ethereum *is* crypto, blockchain, onchain, and anything else you want to call it.

The idea that this won’t one day translate into immense value for the native asset is ridiculous.

Eventually there will be so many things that you can do with ETH that it’ll have infinite use cases.

All of that will lead to unprecedented digital provenance.

This isn’t memetic. This is stone cold brand recognition. It’s moat building.

The ticker is ETH frens.

That’s it that’s all.

[Senator Cynthia Lummis @SenLummis]

If we don't pass the Clarity Act this Congress, we are handing the future of digital finance to jurisdictions that do not share our values.

[bread.mega @bread_]

Mega experienced a daily throughput ATH yesterday btw.

(I'm removing TGE day because that's not repeatable)

[Eleanor Terrett @EleanorTerrett]

🚨NEW: As the banking lobby prepares to ramp up its campaign against the Clarity Act ahead of a floor vote, I asked @SenLummis whether its influence could complicate the bill’s path to 60 votes.

[Dorkchicken @DorkChicken]

This cycle is different indeed 🤔 I somehow doubt this is retail buying.

[TechDev @TechDev_52]

Bull divs forming across the 4H, 1D, 3D, 5D, 1W, 2W, and 3W timeframes…

[AdrianoFeria.eth 🦇🔊 🛡️ @AdrianoFeria]

You can dunk on ETH and Tom lee all you want, but Saylor has been cheering for and buying BTC for 6 years, spending more than 4X Tom Lee's ETH bet, and the mfer is still down bad.

The problem with BTC is that price action is all there is to it. There are no network effects beyond that, so when the price is down the narrative collapses.

Ethereum's fundamentals progress when price is up, but also when price is down. The network lives, the asset will recover. Tom Lee is right and he will be vindicated.

[MegaETH @megaeth]

Reminder: Wallet Submission Deadline

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If you do not delegate a wallet, all rewards will be forfeited.

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[Unihax0r @0xUnihax0r]

@DCinvestor It's an unpopular opinion but i'm convinced that we see the largest DeFi bullrun ever before the end of the decade

[DCinvestor @DCinvestor]

this time actually is different

not because of the AI market attention during the crypto bear market

but because the world order and global trust is actually imploding

and permissionless, censorship-resistant crypto’s time to shine is still to come

(another) generational opportunity awaits those who are patient

[Evan Mann @Evan_Mann]

One tap could change your life

Locked in w/@alexfacelesslbs

[orangie @orangie]

movie

@Euphoria_fi

[DonAlt @DonAlt]

@seal_seam_tix Crypto market is infinitely more about confidence in something than the underlying thing itself

Always has been

[Cristian Chifoi @ChifoiCristian]

Pretty much sums up the real value of these articles and podcasts and fundamental explanations

They really love stuff when they’re expensive, like ETH at 4800$ last summer, and then they hate it at larger discount, where the real money is made long term.

Pathetic.

[DonAlt @DonAlt]

Sentiment couldn't be worse, everyone is dying
Usually these are the times in which I'd get ready to buy a lot

But nowadays I'd have to worry about 5 Saylor ponzis 100 ETFs and get AI exploits while doing it

Seems like such a hassle, give back the simple times

[quantdata21 @bitcoindata21]

Ethereum is dead?

The longer the base, the higher in space.

I have more patience than you.

[Amir Ormu @AmirOrmu]

Quick recap:

• Biggest liquidations since February
• Mt. Gox dumping
• ETFs selling >$1B/week
• Fear & Greed at 12
• 1d RSI heavy oversold
• $BTC -17% in 3 days

And right in the middle of this bloodbath… Tom Lee comes up and launches STRC for $ETH.

What a timing! 🤣

[Euphoria @Euphoria_fi]

One tap could change everything 👀