Olli

Just a regular Cookie Monster navigating its way through the crypto space.

[Mike Silagadze🛡 @MikeSilagadze]

Public service announcement for @ether_fi Cash users:
Don’t get scammed by the POS!

When you see this menu, ALWAYS choose the local currency, not USD.

The etherfi card changes the Visa FX rate (less than 1%.)

The POS will scam you for 5-6% FX.

Please retweet for visibility

[vitalik.eth @VitalikButerin]

Base is doing things the right way: an L2 on top of Ethereum, that uses its centralized features to provide stronger UX features, while still being tied into Ethereum's decentralized base layer for security.

Base does not have custody over your funds, they cannot steal funds or stop you from withdrawing funds (this is part of the L2beat stage 1 definition).

You can see Base's status as an L2 on l2beat: https://t.co/bBrvnbxSgD

I feel like many people have been confused by recent cynicism and think that things like L2beat are a weird sort of nerd-sharia compliance authority. This is NOT what is going on. The security that L2s provide, that L2beat measures, reflects concrete properties that protect you as a user from being rugged.

Here is an explanation of how, if an L2 shuts down, users are automatically able to withdraw funds even without that L2's involvement:

https://t.co/r3EF8lhTEl

Here is an example of how L2s prevent the operator from censoring transactions, that happened on Soneium earlier this year:

https://t.co/Pi0InKekbZ

This is what we mean when we say that L2s are non-custodial, they are extensions of ethereum, not glorified servers that happen to submit hashes. There are concrete pathways implemented in smart contract logic on Ethereum L1, that have been successfully used in the wild, that ensure that the L2 users' funds are ultimately controlled by L1, they cannot be stolen or blocked by the L2 operator.

[Thomas🛡️ @torok_tomi]

🧵 Ethereum’s value accrual is misunderstood. Here’s why obsessing over “revenue” is missing the forest for the trees:

[Olli @Yodlli]

I've pledged to support Ethereum's unified future.

Sign Omni's Declaration of Unity and join the movement!

https://t.co/bGWMJjGbQR

[Olli @Yodlli]

@coinbureau For cryptocurrencies? Decentralization of course, otherwise it's pointless.

[Caitlin Long 🔑⚡️🟠 @CaitlinLong_]

@bank_reg YOU HAVE GOT TO BE KIDDING ME!!! @nic_carter check this out--the bank regulators' anti-#crypto dragnet causes most banks to exit & now FSOC (composed of those same regulators) dares to call out concentration risk due to so few banks serving the #crypto industry. The chutzpah!

[Dankrad Feist @dankrad]

I think it is time we increased the gas limit.

If you run a validator, you can contribute to this -- every block acts as a vote on whether to increase it. If more than 50% of the stake agrees to an increase, the gas limit will increase.

I just set my validators to vote for up to 60m gas.

[Alex Witt @AlexLWitt]

@Celo L2 and @base both use @Optimism, why not support @Celo?

The optics of the situation are that @coinbase is using monopolistic centralized power to king make @base in a supposedly decentralized world.

@coinbase is an outstanding company with a mission "to increase economic freedom in the world," so I hope that there's a rational that is different from the optics.

[sassal.eth/acc 🦇🔊 @sassal0x]

Discover 1000+ dApps, tools, and services across Ethereum and its Layer 2s.

https://t.co/GI0OfG7HZj

[RYAN SΞAN ADAMS @RyanSAdams]

i love L2s.

and the best way to keep ethereum L2s unified and aligned is to keep ethereum's L1 strong.

balance of power.

ethereum L1 needs to be a powerful economic zone.

based rollups.

native rollups.

accelerate these two things & ethereum wins.

eth is money.

[RYAN SΞAN ADAMS @RyanSAdams]

United Chains of Ethereum

To strengthen this union Ethereum needs its own Hamiltonian federalist movement - the states (L2s) are too powerful/disunited relative to the federal gov (L1)

to achieve balance & coordination we need to swing power to the L1 - based rollups + native rollups.

[Olli @Yodlli]

🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈

I just had 100 Rainbow Points dropped into my wallet — everybody has at least 100 points waiting for them, but you might have more!

Claim your drop: https://t.co/Burw9hcpkM

🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈��🌈🌈🌈🌈🌈🌈

[Simon Dixon @SimonDixonTwitt]

@CelsiusUcc @WebbCate @Ang_0ne @SanRT1 @JayLim37270031 $USD whole NOT crypto whole. The higher the price of crypto, the more likely we are to be $USD whole with less crypto.

[cryptohunter0x @cryptohunter0x]

Celsius Network Creditors

In order to make it easy for you to file a claim, and ensure you include the right claim assertions, we are open-sourcing a claims template and FAQ.

This is by no means legal advice. If you would like to contribute, send a DM.

https://t.co/JDiB7G1xKT

[Olli @Yodlli]

@justbenkenobi Still failling 😢

[Olli @Yodlli]

@justbenkenobi Would love to see it but can't send you a dm somehow, I get 'Message failed to send' :(

[Caitlin Long 🔑⚡️🟠 @CaitlinLong_]

WORLD WAKING UP to the fact that a bank deposit is an unsecured loan to a leveraged counterparty, that the FDIC insurance fund only has $128bn, that total deposits in US commercial banks=$17.6 trn, &...here's the big one: that money itself is a confidence game (always has been)🤔

[Caitlin Long 🔑⚡️🟠 @CaitlinLong_]

OH MY, THE CONTRAST--Fed voted down 100%-cash reserved @custodiabank & then days later voted a bank bailout after 2 epic bank runs (as Fed Vice Chair for Supervision brags Fed-supervised banks are "well protected from bank runs" on the morning of SVB bank run). Can't make it up🤯