Id like to registera prediction: My intuition is that the emergence of a third political party in the US, likely aligned with the tech industry, would be beneficial for crypto. But until then, it'll be plenty of fireworks
@the_transit_guy An interesting thought is that the importance is to standardize the design - interior decoration can and perhaps should vary! If you've ever used the Berlin U-Bahn, you perhaps noticed that you can differentiate all the stations at a glance just from the vibe. Thats good for UX!
(7) Will there be hell to pay once the regulators change again? Enforcement against well-intended actors is unlikely to be worse than during the Gensler era. And removing scammers is good - not fighting them is arguably the most damaging thing Gensler has done to crypto.
I wanted to share my thoughts on where we are in the crypto cycle. Is the top in? I dont think so.
(1) Crypto generally undergoes a 4-year cycle due to the Bitcoin halving. This would suggest a top towards the end of 2025.
(6) The importance of the regulatory environment suggests alignment with US election cycles. Could we see a 4-year supercycle until the next election? I suspect that this is the delusional thought we will all have at the top this time.
Many people overpaying for txns right now. Please be a bit watchful. If you transact now with the old format, your gas price is converted to basefee + tip. So the basefee is paid first, and then the rest goes to the miner as a tip, even if a smaller tip would also suffice.
@Rektko@CL207 It depends on the reason for the low vol - Ethereum has plenty of bid volume, but it wont show as trade volume when there are no matching asks.
Fintech retail brokerages profit mostly from selling order flow... I wonder if this flashbot effect could be replicated using Metatransactions. Submit your signed message to a relayer. They pay for your TX, but get to frontrun/backrun your order.
If you are doing a decently large trade on a dex, might as well put gas price to 1 Gwei and wait for a Flashbot to pick it up and sandwich you. You will be sandwitched anyway, so might as well not pay gas fees for it.