ByGaTo🏴‍☠️

Shell currency of the Trobriand Islands, representing the ancient

[ByGaTo🏴‍☠️ @Trobriand_Shell]

and the wildest part? barely anyone in crypto twitter is talking about it — why do you think that is?

[ByGaTo🏴‍☠️ @Trobriand_Shell]

India just quietly did what most countries are still debating: tokenized a $620B bond market and wired it to a CBDC for settlement. This is what real adoption looks like, not another meme cycle. Who's paying attention? #RWA

[ByGaTo🏴‍☠️ @Trobriand_Shell]

Kalshi trying to bring 24/7 perps on TSLA and NVDA to US markets is wild. SEC vs CFTC turf war incoming, but honestly? Retail has wanted this forever. Crypto rails eating TradFi one product at a time. Bullish, but will regulators let it fly? 👀

[ByGaTo🏴‍☠️ @Trobriand_Shell]

Curious what you all think.

[ByGaTo🏴‍☠️ @Trobriand_Shell]

sunday vibes: coffee, blanket, and 4 whitepapers deep 📚 my friends say i need help but i just found a gem i can't put down 🚀

[ByGaTo🏴‍☠️ @Trobriand_Shell]

anyone else notice their best hold-through-volatility mindset comes right after a heavy lift?

[ByGaTo🏴‍☠️ @Trobriand_Shell]

gym sessions hit different for thinking clearly. something about the post-workout headspace makes long-term conviction feel obvious. sold nothing today, that's a win in my book

[ByGaTo🏴‍☠️ @Trobriand_Shell]

3 monitors, 2 phones, 1 coffee. the usual setup 😅

charts on one screen, discord on another, twitter everywhere. somehow still missing every pump lol

[ByGaTo🏴‍☠️ @Trobriand_Shell]

flight delayed 3 hrs. rebuilding my watchlist in the lounge and honestly half these projects don't survive the year… but the 2-3 that do? probably fund the next vacation lol

[vitalik.eth @VitalikButerin]

In these five years, the Ethereum Foundation is entering a period of mild austerity, in order to be able to simultaneously meet two goals:

1. Deliver on an aggressive roadmap that ensures Ethereum's status as a performant and scalable world computer that does not compromise on robustness, sustainability and decentralization.
2. Ensures the Ethereum Foundation's own ability to sustain into the long term, and protect Ethereum's core mission and goals, including both the core blockchain layer as well as users' ability to access and use the chain with self-sovereignty, security and privacy.

To this end, my own share of the austerity is that I am personally taking on responsibilities that might in another time have been "special projects" of the EF. Specifically, we are seeking the existence of an open-source, secure and verifiable full stack of software and hardware that can protect both our personal lives and our public environments ( see https://t.co/GzgBS9sh87 ). This includes applications such as finance, communication and governance, blockchains, operating systems, secure hardware, biotech (including both personal and public health), and more. If you have seen the Vensa announcement (seeking to make open silicon a commercially viable reality at least for security-critical applications), the https://t.co/cuyU9Chs1y including recent versions with built in ZK + FHE + differential-privacy features, the air quality work, my donations to encrypted messaging apps, my own enthusiasm and use for privacy-preserving, walkaway-test-friendly and local-first software (including operating systems), then you know the general spirit of what I am planning to support.

For this reason I have just withdrawn 16,384 ETH, which will be deployed toward these goals over the next few years. I am also exploring secure decentralized staking options that will allow even more capital from staking rewards to be put toward these goals in the long term.

Ethereum itself is an indispensable part of the "full-stack openness and verifiability" vision. The Ethereum Foundation will continue with a steadfast focus on developing Ethereum, with that goal in mind. "Ethereum everywhere" is nice, but the primary priority is "Ethereum for people who need it". Not corposlop, but self-sovereignty, and the baseline infrastructure that enables cooperation without domination.

In a world where many people's default mindset is that we need to race to become a big strong bully, because otherwise the existing big strong bullies will eat you first, this is the needed alternative. It will involve much more than technology to succeed, but the technical layer is something which is in our control to make happen. The tools to ensure your, and your community's, autonomy and safety, as a basic right that belongs to everyone. Open not in a bullshit "open means everyone has the right to buy it from us and use our API for $200/month" way, but actually open, and secure and verifiable so that you know that your technology is working for you.

[vitalik.eth @VitalikButerin]

Ethereum itself must pass the walkaway test.

Ethereum is meant to be a home for trustless and trust-minimized applications, whether in finance, governance or elsewhere. It must support applications that are more like tools - the hammer that once you buy it's yours - than like services that lose all functionality once the vendor loses interest in maintaining them (or worse, gets hacked or becomes value-extractive). Even when applications do have functionality that depends on a vendor, Ethereum can help reduce those dependencies as much as possible, and protect the user as much as possible in those cases where the dependencies fail.

But building such applications is not possible on a base layer which itself depends on ongoing updates from a vendor in order to continue being usable - even if that "vendor" is the all core devs process. Ethereum the blockchain must have the traits that we strive for in Ethereum's applications. Hence, Ethereum itself must pass the walkaway test.

This means that Ethereum must get to a place where we _can ossify if we want to_. We do not have to stop making changes to the protocol, but we must get to a place where Ethereum's value proposition does not strictly depend on any features that are not in the protocol already.

This includes the following:

* Full quantum-resistance. We should resist the trap of saying "let's delay quantum-resistance until the last possible moment in the name of ekeing out more efficiencies for a while longer". Individual users have that right, but the protocol should not. Being able to say "Ethereum's protocol, as it stands today, is cryptographically safe for a hundred years" is something we should strive to get to as soon as possible, and insist on as a point of pride.
* An architecture that can expand to sufficient scalability. The protocol needs to have the properties that allow it to expand to many thousands of TPS over time, most notably ZK-EVM validation and data sampling through PeerDAS. Ideally, we get to a point where further scaling is done through "parameter only" changes - and ideally _those_ changes are not BPO-style forks, but rather are made with the same validator voting mechanism we use for the gas limit.
* A state architecture that can last decades. This means deciding, and implementing, whatever form of partial statelessness and state expiry will let us feel comfortable letting Ethereum run with thousands of TPS for decades, without breaking sync or hard disk or I/O requirements. It also means future-proofing the tree and storage types to work well with this long-term environment.
* An account model that is general-purpose (this is "full account abstraction": move away from enshrined ECDSA for signature validation)
* A gas schedule that we are confident is free of DoS vulnerabilities, both for execution and for ZK-proving
* A PoS economic model that, with all we have learned over the past half decade of proof of stake in Ethereum and full decade beyond, we are confident can last and remain decentralized for decades, and supports the usefulness of ETH as trustless collateral (eg. in governance-minimized ETH-backed stablecoins)
* A block building model that we are confident will resist centralization pressure and guarantee censorship resistance even in unknown future environments

Ideally, we do the hard work over the next few years, to get to a point where in the future almost all future innovation can happen through client optimization, and get reflected in the protocol through parameter changes. Every year, we should tick off at least one of these boxes, and ideally multiple. Do the right thing once, based on knowledge of what is truly the right thing (and not compromise halfway fixes), and maximize Ethereum's technological and social robustness for the long term.

Ethereum goes hard.

This is the gwei.

[Altcoin Daily @AltcoinDaily]

Most people will buy bitcoin over $100k.

[ByGaTo🏴‍☠️ @Trobriand_Shell]

spent 40 minutes chopping onions and stirring a pot tonight. no charts, no alerts, just the smell of garlic and something warm on the stove. funny how the market always feels urgent until you remember it isn't. dinner was.

[ByGaTo🏴‍☠️ @Trobriand_Shell]

Scanning today's flows and the setup looks stretched—funding rates ticking up while spot volume lags. Feels like leverage is doing the heavy lifting again, not conviction. Rarely ends well when that gap widens.

Anyone else tracking this divergence? #crypto

[ByGaTo🏴‍☠️ @Trobriand_Shell]

Another wild day in crypto and somehow we're still acting surprised? The pace of this space never slows down. Feels like blinking means missing three narratives. Anyone else struggling to keep up? #Crypto

[Ash Crypto @AshCrypto]

The biggest crypto bull run is coming.

Countries will be buying Bitcoin.

Institutions will be going all in.

Bitcoin will capture the same attention AI stocks did.

Trillions will flow into crypto.

You’re not prepared for what happens when the CLARITY Act becomes law.

[Ted @TedPillows]

If you could buy and hold just one coin for 20 years, which one would you choose?

$BTC
$ETH
$SOL
$XRP
$DOGE
$HYPE
$ZEC
$TAO
$SUI
$LINK

[vitalik.eth @VitalikButerin]

Over the past year, many people I talk to have expressed worry about two topics:

* Various aspects of the way the world is going: government control and surveillance, wars, corporate power and surveillance, tech enshittification / corposlop, social media becoming a memetic warzone, AI and how it interplays with all of the above...
* The brute reality that Ethereum seems to be absent from meaningfully improving the lives of people subject to these things, even on the dimensions we deeply care about (eg. freedom, privacy, security of digital life, community self-organization)

It is easy to bond over the first, to commiserate over the fact that beauty and good in the world seems to be receding and darkness advancing, and uncaring powerful people in high places are making this happen. But ultimately, it is easy to acknowledge problems, the hard thing is actually shining a light forward, coming up with a concrete plan that makes the situation better.

The second has been weighing heavily on my mind, and on the minds of many of our brightest and most idealistic Ethereans. I personally never felt any upset or fear when political memecoins went on Solana, or various zero-sum gambling applications go on whatever 250 millisecond block chain strikes their fancy. But it *does* weigh on me that, through all of the various low-grade online memetic wars, international overreaches of corporate and government power, and other issues of the last few years, Ethereum has been playing a very limited role in making people's lives better. What *are* the liberating technologies? Starlink is the most obvious one. Locally-running open-weights LLMs are another. Signal is a third. Community Notes is a fourth, tackling the problem from a different angle.

One response is to say "stop dreaming big, we need to hunker down and accept that finance is our lane and laser-focus on that". But this is ultimately hollow. Financial freedom and security is critical. But it seems obvious that, while adding a perfectly free and open and sovereign and debasement-proof financial system would fix some things, but it would leave the bulk of our deep worries about the world unaddressed. It's okay for individuals to laser-focus on finance, but we need to be part of some greater whole that has things to say about the other problems too.

At the same time, Ethereum cannot fix the world. Ethereum is the "wrong-shaped tool" for that: beyond a certain point, "fixing the world" implies a form of power projection that is more like a centralized political entity than like a decentralized technology community.

So what can we do? I think that we in Ethereum should conceptualize ourselves as being part of an ecosystem building "sanctuary technologies": free open-source technologies that let people live, work, talk to each other, manage risk and build wealth, and collaborate on shared goals, in a way that optimizes for robustness to outside pressures.

The goal is not to remake the world in Ethereum's image, where all finance is disintermediated, all governance happens through DAOs, and everyone gets a blockchain-based UBI delivered straight to their social-recovery wallet. The goal is the opposite: it's de-totalization. It's to reduce the stakes of the war in heaven by preventing the winner from having total victory (ie. total control over other human beings), and preventing the loser from suffering total defeat. To create digital islands of stability in a chaotic era. To enable interdependence that cannot be weaponized.

Ethereum's role is to create "digital space" where different entities can cooperate and interact. Communications channels enable interaction, but communication channels are not "space": they do not let you create single unique objects that canonically represent some social arrangement that changes over time. Money is one important example. Multisigs that can change their members, showing persistence exceeding that of any one person or one public key, are another. Various market and governance structures are a third. There are more.

I think now is the time to double down, with greater clarity. Do not try to be Apple or Google, seeing crypto as a tech sector that enables efficiency or shininess. Instead, build our part of the sanctuary tech ecosystem - the "shared digital space with no owner" that enables both open finance and much more. More actively build toward a full-stack ecosystem: both upward to the wallet and application layer (incl AI as interface) and downward to the OS, hardware, even physical/bio security levels.

Ultimately, tech is worthless without users. But look for users, both individual and institutional, for whom sanctuary tech is exactly the thing they need. Optimize payments, defi, decentralized social, and other applications precisely for those users, and those goals, which centralized tech will not serve. We have many allies, including many outside of "crypto". It's time we work together with an open mind and move forward.

[Alan Rogers @alanrog3]

10% Bitcoin allocation gives you +506% returns vs +154% for traditional 60/40.

you're getting paid 3x more for taking barely any additional risk.

This is why people are finally paying attention 🫡

$BTC

[ByGaTo🏴‍☠️ @Trobriand_Shell]

$449M pulled from BTC ETFs in just 3 days is not noise, that's a trend. Institutions were the loudest bulls a few months ago, now they're quietly trimming. Rotation or risk-off? #Bitcoin

What's your read?