Nihilux.eth

Legendary shadow emerging from the Ether ($ETH) to explore the depths of Crypto ⟠, Finance 📈 and Science 🧬

[Nihilux.eth @Nihilux1]

@EthereanVibin Yes sir 🫡

[Pierre Alessandrini @PierreAless]

LFI est un parti merveilleux

On y exige que des gens paient pour des crimes commis il y a des siècles par leurs ancêtres dans le cadre de la traite transatlantique, mais refuse catégoriquement que des parents paient pour réparer les dégâts causés la veille par leurs enfants.

Quand le clientélisme et la mémoire sélective se donnent la main, on obtient ce genre de cascade (à ne pas reproduire chez soi).

[materkel.eth 🦇🔊 @materkel]

What makes me so angry about @TrustlessState quitting ETH is not that he did it. I mean, I get it, ETH has underperformed for years. It’s fair to move on eventually. That’s exactly how capitulations work. They make room for those who have more conviction.

The timing, though, makes no sense to me at all.

Ethereum is in the strongest position it has ever been in since its inception.

You can’t even name a serious competitor anymore. The “ETH killer” narrative is gone. The last major contender, SOL, has taken a phenomenal nosedive against ETH, and other networks aren’t even trying to market or position themselves against Ethereum anymore.

For the first time in its history, Ethereum is undisputed, ~3 months before a major scaling upgrade and with the most respected and ambitious roadmap for the next three years.

It leads in quantum, consensus, and execution research. It has by far the largest developer ecosystem, and it’s the only chain with a 100% green light from institutions, which will be a massive catalyst as the CLARITY Act moves forward.

There isn’t really an alternative to ETH as a store of value, which was his whole point a few years ago with the Triple Point Asset thesis.

Nothing has changed.

The only thing that has changed is that David is fed up with ETH, which, again, is fine. There are assets with revenue now that will likely perform exceptionally well as crypto grows larger, and he probably has an edge in identifying those opportunities given his position.

But ETH is here to stay and dominate the next 10 years, and I find it unlikely that more than 0.1% of people will outperform it by picking other crypto winners.

[William Mougayar @wmougayar]

Here's why ETH is vastly undervalued.
Pick almost any metric that matters: stablecoins, DeFi TVL, tokenized assets, settlement, transactions, and Ethereum sits at #1, with market shares running 21-64%.
So why is ETH barely 10% of crypto's total market cap?

[Token Terminal 📊 @tokenterminal]

Ethereum is winning institutional issuance.

Just as companies choose between the NYSE & Nasdaq, institutions issuing tokenized assets choose venues based on reputation, performance, & audience.

@ethereum's edge: the liquidity & institutional activity are already there.

[Joseph Chalom @joechalom]

https://t.co/CEhi4vF5rL

[ProffEtherPrints @ProffEtherPrint]

Well well well

Solana at it again

@sofi created their own stablecoin and minted 99.97% of it on Ethereum, and Solana`s X account proclaims they picked them, when they only minted 0.026% of the total supply on Solana !

That's $100M vs $26k between Ethereum and Solana and they think they were chosen 🤦🏼

[materkel.eth 🦇🔊 @materkel]

The reason Ethereum is so hated on CT is that, if it succeeds, there’s little reason for any other L1 construction to exist.

However, a world where Ethereum loses is basically a free-for-all. Everyone and their shitcoins will be happy, but the world will have lost "everything" in the process.

Ethereum is our last hope for a truly decentralized and credibly neutral internet of value.

That’s why it’s so important that we win. There is simply no alternative.

[vitalik.eth @VitalikButerin]

Some of my perspective on where the @ethereumfndn is going.

First of all, this is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not. @aerugoettinea is the one executing much of this transition. My input has been largely on technical questions. The board is in the process of expanding, and my own power within the org will continue to decrease, which is honestly what I want.

The 2025 era brought many important improvements to EF and its ability to execute. Many issues were resolved, and EF continues to benefit from its improved efficiency and greater focus on concrete goals to this day. And so with those problems resolved, early this year, the largest remaining hole that I perceived was something different nagging at me: I would regularly spot people saying things like "vitalik says these beautiful things about ethereum needing to be decentralized, and have privacy, and be a sanctuary technology, but why do the EF's actions not reflect that?"

Now, you may have been hearing something different. You may not have been sensing a feeling of crisis at all, and maybe were hearing people saying that finally we were taking execution and BD seriously and the main task for us is to keep going that way and be even better and faster. Then probably there is genuine difference between you and me, in what kinds of criticism I take most seriously, and what kinds of critics through their criticism are most able to make me feel pain.

As an analogy, let's briefly switch over to a different domain.

One belief you can have about Google is that it is a success story, and has brought a lot of good to humanity in organizing the world's information. Another belief you can have about Google is that they had a beautiful idealistic beginning, but at some point the corruption of mainstream corporate attitudes seeped in, and they slowly bit by bit completely abandoned the "don't be evil" slogan.

My belief on Google specifically is probably somewhere between the two. BUT, if you had taken me back in time to ~2008, and offered me a button to press to make Google one or two standard deviations more "dogmatic", eg. give Richard Stallman permanent veto power over some key policies, I would immediately press it.

Why? Because a choice for one company is not a choice for the world, or even one country. Google existed and exists in the context of a technology industry generally drifting away from early idealistic don't-be-evil roots and toward greed for financial gain, totalizing visions of accelerated superintelligence, infiltration by sociopaths, and craven capitulation to (or worse, active participation in) government pressure for ideological control, surveillance and war. And so *one company* doing something different, positioning itself to be what George Bernard Shaw calls the Unreasonable Man, resisting the trend of the times, would have been better for freedom, balance of power and stability of society as a whole, than *all* large companies bending to dominant trends. This is a part of my version of pluralism.

This line of thinking is not just mine, but I also is not too far off from what Aya and others had in mind with the Mandate.

Now how does this all get to the role of the EF?

EF is not a "center of Ethereum", rather EF is "one node, with a defined purpose, alongside other nodes". We've always said that the EF should be the latter, but many in the Ethereum ecosystem (and even within the EF) wanted us to be the former. Now, we are taking action to ensure that we will be the latter.

This is particularly important because EF is a limited organization, with limited resources and limited organizational capacity. The EF has only ~0.16% of all ETH (less than many other individual ETH holders), whereas among other blockchains it's common for "the central foundation" to have 10-50%. Fiscally, the EF was originally designed to fulfill a limited work scope defined in the token sale docs and other pre-launch materials (building the chain software; getting through Frontier, Homestead, Metropolis, Serenity), which was fully completed in 2022; it was not designed to be an eternal steward.

And so today, the EF is choosing to use its remaining resources to pursue longevity over breadth (yes, this means we sell less ETH). The EF focuses *specifically* on those activities critical to the success of ethereum as a censorship/capture-resistant, open, private and secure system, that would not happen otherwise. This means making hard choices, and in some cases even activities that we highly approve of and people that we highly respect becoming outside of the EF. People of great technical talent, public respect and even alignment with the mission and CROPS being outside of the EF is in fact necessary if we want important tasks to be able to attract outside capital. This also means the EF taking opinionated stands culturally.

This is all intended in cooperation with all other parts of ethereum. We recognize that many other parts of the ethereum world highly respect CROPS and related values. But highly respecting is not the same as choosing to specialize and totally dedicate to a domain (Compare in a different domain: I think reducing animal cruelty is important, and I like vegan food, but am not full unconditional vegan myself)

EF is still in a transition period, and we expect its new long-term form to stabilize over the next few months. What are the guiding principles of this new form? Again, I am only one person, but I can give my answer from a technical perspective (there are also critical non-technical aspects).

At the core, *Ethereum must be impressive*. We are living in an age of highly intelligent AI and all kinds of other technological acceleration. "Status quo EVM, with a hard fork or two a year to optimize for short-term needs of users" is not interesting.

To some, "impressive" means: 250ms latency and 1M TPS. I think Ethereum trying to go that route is a mistake. Being as fast and as scalable as possible, and only a small epsilon more decentralized than the others, is a route to mediocrity, and if we try it we will lose.

I think Ethereum should scale. But I think Ethereum should strive the hardest to be deeply impressive in a different dimension: the CROPS dimension. This means things like:

* Provably bug-free Ethereum. This is a goal that all cybersecurity researchers would have thought is absurd and impossible, up until roughly 6 months ago. Now, it's on the cusp of being possible, thanks to AI-assisted formal verification. So we should be frontrunners in doing this.

* Available chain consensus. Ethereum is, and with lean consensus will cotninue to be, the ONLY chain that has both (i) traditional-BFT style properties that it's safe under asynchrony up to a high level of fault tolerance, and (ii) the bitcoin PoW-style property that under synchrony it's safe up to 49% attackers. As far as I can tell, literally no other chain has this or is planning for it; bitcoin goes for (ii) only and most other chains go for (i) only. Some will remember I fought hard for this, Unreasonably insisting that it is not OK for ethereum to rely on social consensus and hard forks to rescue ethereum from 34% of nodes going offline. It's OK for chains like hyperledger, bnb, solana, tempo, etc. It's not OK for bitcoin or ethereum or eg. zcash.

* Intermediary minimization. The fact that smart contract wallets, protocols like railgun, etc have to send transactions through intermediaries to get included onchain is honestly embarrassing, and it's a constant point of fragility. Hence the work on FOCIL and EIP-8141 (and 7701 and years of work before) to make transaction sending intermediary-minimized with public mempool and strong inclusion properties, in a truly general-purpose way, that covers not just eg. secp256r1, but also privacy protocols and much more. Kohaku is pushing intermediary minimization at the user layer, pulling Ethereum away from the dystopian status quo world where our wallets don't even verify the chain, send our private data out to a dozen third-party servers, and toward a brighter CROPS future.

Some of these goals are Unreasonable - maybe Ethereum would be "fine" getting only 50% of the way - what if we depend on intermediaries, but make it easy to switch? But going 50% of the way would not make Ethereum Deeply Impressive in the CROPS way. So we push for 100%.

Fortunately all these goals are compatible with high TPS, this is a major focus of research (esp. on scaling the state). Well-designed L2s can also help, especially L2s optimized for specific applications (eg. high-volume trading, privacy...). These goals are even compatible with significantly lower slot times, thanks to Raul's work on erasure-coded P2P, and many other optimizations.

The most high-value "product" of the ethereum blockchain, financially speaking, is ETH the asset. Ethereum secures $250 billion of ETH. The types of properties of Ethereum that I mentioned above are very good for ETH the asset. Nearly 90% of my net worth is in ETH, and most of the remainder is ~$40m of onchain fiat of which every dollar has already been allocated for some open-source biotech or software or hardware initiative. That said, there are aspects of supporting ETH the asset - *necessary* aspects even - that are outside the scope of the EF. This is where we need other heroes (some of whom hold more ETH than the EF does) to step in and help. EF has been recently thinking more about how it will relate to other such organizations, and give them needed initial support.

EF will be a smaller ship than in previous years, a more opinionated one - in some cases more opinionated in ways that might be difficult to comprehend - but a longer-lasting one, and one suited to making sure that ethereum brings something meaningful to the world. We are grateful to all those inside and outside the EF who are helping to make this happen.

[Nihilux.eth @Nihilux1]

@binji_x As an unconditional Ethereum fan, it would be an honor to be part of this chat 🫡

Ethereum will win.

[Nihilux.eth @Nihilux1]

@hammundi7 @worldlibertyfi Bro, it's a linear vesting, you will unlock almost 0 token the first days ^^

[marilyn100x.eth @marilyn100x]

Ethereum is fixing its 5 biggest issues this year.

Glamsterdam (H1 2026):
> EIP-7732: Block building moves on-chain, external relays no longer control what enters a block.
> EIP-7928: Parallel execution, transactions run simultaneously, L1 targets 10,000 TPS.
> EIP-7623: Smart contract calls get 78% cheaper.

Hegota (H2 2026):
> Verkle Trees cut node storage by 90%.
> A laptop is enough to run a node.
> Lower hardware requirements = more validators = deeper decentralization.

Speed is easy to copy.

Decentralization at scale is not.

[Nihilux.eth @Nihilux1]

@C0smicfrog @JLMelenchon 🤣

[_gabrielShapir0 @lex_node]

I feel like @ethereumfndn is not really following through on the mandate. This guy is head of ecosystem development at the EF and his account has been nonstop bullposting Tempo for weeks. Tempo is awesome but certainly not CROPs-maximalist. There's another guy who has been doing an apologetics tour claiming that "code is law" and "decentralization" means 9 people can confiscate funds at any time. What was the point of such a controversial mandate and "signing the pledge" if people who work at the EF are still going to spend their time (and in effect the EF's money) promoting non-CROPS (in the latter case arguably anti-CROPS) positions?

[hanniabu.eth (Ξ, α) @hanni_abu]

As we scale L1 after Glamsterdam to a 600M gas limit, there's a couple things to keep in mind about how it affects ETH, tokenomics, and how it's viewed by the world:

1. As L1 gas limits increase, the deflationary threshold decreases proportionally. For example, right now the L1 gas limit is at 60M and the deflationary threshold it 12.9 gwei. At a 300M gas limit the deflationary threshold becomes 2.58 gwei (12.9gwei*60M/300M).

2. As it becomes cheaper to use L1, that scaling creates potential/opportunity for new/different usecases which increases demand. For example, recent games where every action is onchain is a new possibility that will fill in 𝗹𝗼𝘄 cost blockspace. Unbanked usecases like subscriptions and payment streams such as access to games, blogs, licensing (music, shows, patents, trademarks), services (food delivery, hosting), rentals (physical goods), etc will consume 𝗺𝗲𝗱𝗶𝘂𝗺 cost blockspace. Complex compounded defi strategies and arbitrage will consume 𝗵𝗶𝗴𝗵 cost blockspace. All under one composable chain with no need for bridging.

3. As Ethereum scales and gas prices become lower, the willingness to pay a demand premium increases. For example, if normal gas prices are $0.01 a user will be much more willing to pay a 100% demand premium ($0.02) at times of higher congestion than they would pre-Glamsterdam ($1 -> $2). The lower prices get, the more price insensitive people become to congestion pricing.

4. These previous 3 points will lead to a substantial increase in burn rate, increasing scarcity and demand of ETH. Increased acceptance and usage of defi will further increase demand for ETH as a credibly neutral and permissionless collateral.

5. 30% of ETH supply is locked in staking to secure the network and the activity on top of it, further increasing scarcity and demand for ETH.

6. As Ethereum scales and the world comes onchain, this increased demand for ETH will secure it's place as a store of value and carry immense monetary premium, especially as it becomes the only quantum-proof chain and home for AI.

See you at 6-digit ETH.

[Dave @DaveHsu]

If it isn't already clear, it'll become much clearer in the coming years that $ETH is at a point where we've solved some of the hardest problems around censorship resistance, decentralization, permissionless compute, and lindy.

The next phase is going to be about scaling and bringing activity back to L1. I think people are underestimating how quickly fees can be brought down, whereas many other chains are going to hit the problem of maintaining performance while trying to meet some of the core properties that make blockchains special.

[Alexandre Stachtchenko @StachAlex]

Pour rappel, dans quelques jours, la Commission Mixte Paritaire se positionnera pour inscrire dans la loi l'obligation de constituer un fichier géant, inutile à la DGFiP, mais extrêmement dangereux, répertoriant les portefeuilles cryptos de tous les Français.

Ce serait criminel.

[Nihilux.eth @Nihilux1]

"Ok, l'IA fonctionne en pratique, mais est-ce que cela fonctionne en théorie ? " 😄

Il faut vraiment avoir un problème d'égo ou être dans le déni, pour continuer à penser en 2026, que l'homme aura toujours ce "je ne sais quoi" de plus que les machines, que "les IA ne seront jamais capable de *une action, un raisonnement* (change tous les 3 mois avec les progrès constatés)"

Je comprends que cela dérange du monde, mais chaque progrès des IA actuelles, nous prouve justement qu'il y a de moins en moins de chance que l'Homme possède ce "je ne sais quoi" et que les réseaux de neurones numériques sur silicium peuvent faire emerger des pensées/ comportements comme nos réseaux de neurones biologiques, s'ils sont assez puissants/ complexes

[Etherealize @Etherealize_io]

https://t.co/QDMLH4aSMF

[Nihilux.eth @Nihilux1]

@tony_fbr_invest Le gars insulte les gens de rats parce qu'ils veulent pas lui lâcher 500€/an pour ses signaux, ou ceux de son partenaire ou de sa grand mère jsp..

Dégonfle, laisse les gens investir sur leurs ETF pour dormir tranquille et profiter de la vie, les amis, la famille tout ça..