BTC vs. ETH Reality Check:
The biggest holder of BTC is selling to cover debt.
The miners securing BTC are selling to pay opex, which is increasing due to AI spend.
The biggest ETH holders are still buying ETH.
The validators securing ETH are earning yield from staking, with minimal opex.
>> The decoupling must accelerate!
Unless @Apple's decision to terminate @craigraw's Apple Developer account is reversed by June 30, all new installs of Sparrow will fail, and development on macOS will end. If you value Sparrow, a repost would help. @AppleSupport
Ethereum is working on everything:
> Privacy
> Multi-Client architecture so no single points of failure (already has 12+ distinct clients)
> Post Quantum Security
> Formal Verification (better code security)
> Scale (ZKevms, L2s)
> Yield + Programmable Deflation
> User experience (e.g Fast confirmation Rule)
> Events (globally distributed accessible places to meet eachother, for people and institutions alike)
> AI
> Global scale decentralized finance
> Stablecoins (50%+ of all stablecoins are on Ethereum).
> Upgrades (glamsterdam, hegota, upcoming).
> EIPs (multiple EIPs everyday, you can see them via @ethresearchbot)
> and more…
If you want a censorship resistant, open source, secure and privacy preserving substrate for the world that acts as a sanctuary for all types of value, then Ethereum has you covered.
The Ethereum not ETH stuff is the mental fallacy that triggered me into writing and podcasting in the first place.
There is no strong Ethereum without an ETH worth trillions. Without ETH as a global store of value, Ethereum is a failed project. Full stop.
ETH is economic bandwidth for DeFi. It is the only asset maximized for CROPs, fail at high value ETH, fail at CROPs, fail at Ethereum.
Saying you’re bullish Ethereum not ETH is like saying you’re bullish America not the American economy. They are one and the same - economic engines.
Better to admit Ethereum is a failed project than “Ethereum not ETH”.
So spew that weak blockchain not crypto stuff out of your mouth, it doesn’t make sense for BTC, ZEC, ETH, or any truly crypto native project.
Amy Kremer from Humans First just told me he had met with her and a group of bereaved parents for an hour a few weeks back - pretty long meeting. The takeaway for me is he’s hearing out (at least some) ai safety advocates, particularly on these child safety issues.
Tides turning?
Jared from subway just sandwiched @VitalikButerin: https://t.co/H9mP1CTa8y
this is the most Ethereum thing that has ever happened, MEV doesn't care who you are🥪
Who was the first investor in Cursor? The GOAT investor SBF of course.
Alameda Research invested $200k to take half of the company’s $400k pre-seed in 2022.
Its stake was sold off in FTX bankruptcy proceedings in 2023 for………$200k.
Today we make the case for ETH as a superior monetary good—and how, if it captures the monetary premium currently held by gold and bitcoin, the implied long-term price could exceed $250,000 per token.
Executive Summary:
1. Gold and Bitcoin don’t compound. Warren Buffett never held gold. His objection was not about scarcity—he acknowledged gold was scarce. His objection was that scarcity without productivity is economically sterile: “If you own one ounce of gold for an eternity, you will still own one ounce at its end.” The same criticism applies to Bitcoin.
2. ETH is the first monetary asset that compounds without counterparty risk. For all of human history, you had to choose: hold money (stable, unproductive) or invest it into productive assets (risky, wealth-generating). The two categories were mutually exclusive. Ethereum dissolves this distinction—you lock capital into the protocol’s consensus mechanism and earn yield generated by the network itself.
3. ETH is better money than gold and Bitcoin by every other measure. Its supply growth is capped at 1.5% by the protocol and offset by a burn mechanism that can make it deflationary. It can be transferred anywhere on Earth in seconds, stored in a memorized twelve-word phrase, and carried across any border beyond the reach of any government. And its proof-of-stake consensus mechanism is more secure and durable than Bitcoin’s proof-of-work.
4. The combined monetary premium of gold and Bitcoin is approximately $31 trillion. If ETH captured that premium — distributed across ~121 million ETH — the implied price would be north of $250,000. Today it trades around $2,300.
5. Productive money will outcompete dead capital. Over a long enough time horizon, productive assets outperform unproductive ones, because productive assets compound. The only question is how long it takes the rest of the world to figure that out.
People might accuse me of grave dancing for saying it
But we have to stop letting centralized things call themselves DeFi
Admin key can drain all funds? CeFi
Otherwise DeFi means nothing and it’s brand is destroyed
No admin key can drain any version of Uniswap for a reason
some of you won't want to read this, but what keeps Ethereum and Bitcoin relevant
is that they have highly ideologically-motivated roots, with intelligent and capable adherents, who come off to many as "cult members" because they have such faith in a stringent philosophy around the core principles which power the chain
they are not tourists. they are consistent, over years and decades
if your chain doesn't have ideological adherents, then it's not important. it will never be important
you're participating in a database which will eventually be replaced by a faster database
public blockchains are meant to have core principles and ultimately derive relevance from the social consensus they create based on those principles. they're meant to stand forever
Hey @realDonaldTrump, @DavidSacks
If the USA wants to be the Crypto Capital of the world, we need to protect our open-source developers
Please simply pardon @rstormsf from a charge leftover from the Biden admin