AMIIC 🛡️

🏰

[Etc. @ec265]

Many people are in crypto for different reasons

I’m not here to gatekeep who is/isn’t allowed to participate, but I will say this:

Crypto was founded on principles of decentralisation, trustlessness and privacy

That’s the 0 to 1 moment

Social coordination with no central authority figure

Without those characteristics, there isn’t much point to it all

Using a blockchain technology =/= being ‘crypto’

And projects that skip this and then exude scammy culture only then undermine what crypto set out to be

This ultimately harms adoption; many people dismiss crypto as a scam because of what they have seen from the attentionmaxxing games

Crypto will change the world, but only with the 0 to 1 step change

This is why I post about Ethereum; it is crypto’s best chance at introducing decentralisation, trustlessness and privacy to the world

[AdrianoFeria.eth 🦇🔊 🛡️ @AdrianoFeria]

This is the bull thesis for Ethereum and ETH in a nutshell:

Global monetary and financial systems are weakening and have likely reached a point of no return. USD remains relatively stronger than other fiat currencies, but it is still in decline, and rescuing it has become politically impossible.

The world increasingly needs a successor to existing fiat currencies that is sound and globally accepted. The alternatives are gold, BTC, or ETH.

Gold almost always requires trusted third-party custody to function at scale. Its reserves are difficult to audit, authenticate, and transact with efficiently. In the past, it became obsolete as a currency because it carries too much friction. It remains historically significant as an asset, but it is not suitable for a global digital economy.

BTC’s digital friction is analogous to gold’s physical friction. It is not sufficiently programmable, it does not scale, and its development culture has become dysfunctional enough to represent a systemic risk. BTC also carries two unique burdens: it is still overwhelmingly subsidized by issuance while onchain demand continues to dwindle, with no clear sign of reversal, and it has a major institutional holder carrying irresponsible long exposure funded by debt obligations and negative cash flows. BTC is technically unsuitable and structurally compromised.

ETH is the frictionless alternative. It is the digital asset backing the internet of finance, where institutions are building the future of financial markets and services. It is scaling exponentially, integrates directly with the digital economy, has earned the reputation and regulatory merit of being officially classified as a digital commodity, and is slowly but surely gaining traction as a digital store of value that is structurally efficient, economically sustainable, and built for the future.

[marc | wolovim.eth @wolovim]

one last shout-out to the protocol support team (@EFprotocol) who were a blast to be in the trenches with and drove me to do my best work.

the team has been dissolved. a couple colleagues have their next steps already sorted out and a couple more are open to new opportunities:

@dionysuzx - my co-maintainer of Forkcast and ACDbot. very proactive and productive AI experimentooor.

@joshdavislight - half the organizational and operational force behind the EPF, Ethereum's best core dev onramp.

happy to vouch for both good humans. reach out if you want an intro.

[dude.eth @defidude]

.@AskVenice inside of @ratspeakorg? 🐀

Soon your Venice API key will be enough to power an agent accessible entirely through Ratspeak's E2EE mesh network.

Private agent communication from any device, even one that isn't connect to the internet.

[plunge @xcoldplunge]

Most people still holding $eth are likely ready to go down with the ship; at least I am.

Ethereum is a bastion of freedom and self-sovereignty in an increasingly controlled world.

No amount of number go down could get me to sell. Even with most of my net worth in eth, I would hold it to literal zero.

I would rather take a chance on eth and be wrong than give up hope on the most inspiring invention of my generation.

Come zero or valhalla, I'll be here.

Believe in somΞthing.

[Sam Tabar @SamirTabar]

https://t.co/3SzH7YpdyI

[THE SHORT BEAR @TheShortBear]

I have never seen so many people capitulating out of $ETH or crypto.

Some are writing blogs and essays explaining why it failed, mainly naming how other chains won the race, measured by fees taken in.

Some of my thoughts, in these hard times:

Time will tell, but I think many people are mistaken in treating $ETH like an end-stage $AMZN, as if the main question is already about mature margins, fees, and cash flows.

In reality, Ethereum is still very much earlier in its economies-of-scale phase, with nearly all metrics in the top right corner and growing at mid double digits to tripple.

Furthermore, most of the market is focused on the wrong battle: who can become the fastest and cheapest payment processor.

Lower fees, higher throughput, faster settlement. But that is likely a race to commoditization, similar to the payment processors crash over the last years.

If the only value proposition is speed and cost, then the moat gets thinner over time, easy disruptable. Someone can always be faster. Someone can always subsidize fees lower. Someone can always optimize one narrow use case.

The real value may not be in the transaction fee itself.

The real value is likely in the amount of economic activity secured by the network, the credibility of that security, the neutrality of the base layer, and the difficulty of replacing it once enough assets, applications, institutions, and users depend on it.

That is where Ethereum seems different to me and why so many institutions are choosing $ETH.

Most other projects still feel replaceable. They may have better performance in one area, better UX in another, or lower fees in the short term. But if their advantage is mainly technical efficiency, that advantage can be copied, competed away, or made irrelevant.

The newest hottest thing today is replacing the hottest thing from last quarter.

Ethereum’s bet appears to be much larger: become the most secure, decentralized, credibly neutral settlement layer for the internet economy.

Not the cheapest rail.
The hardest rail to replace.

In the end, the most valuable network may not be the one with the lowest transaction costs. It may be the one people trust most to secure the highest-value assets and applications over the longest period of time.

If $ETH can retain its market share while continuing to scale through upgrades that improve speed, throughput, and fees, its potential remains significant, especially if AI agents become truly crypto-native.

If it combines all of the above and earn the crown as the leading value-secured network, then $ETH could eventually be viewed as something like a truly decentralized, inflation-adjusting global bond: securing the world’s assets, free from political meddling, and deserving of a premium market cap because of the value it protects on top of the deflationary pressures create incentives to stake, get yield and trust the equivalent of buybacks and griwth in value secured to provide additional value.

Keep in mind over 1/3 of $ETH is now staked!

In that scenario, $ETH would not just be another asset to hold. It could become one of the only truly neutral and secure bonds for the digital economy.

... But sure, lets compare it to $SOL with 6% inflation, no moat, no security, massive outages, decreasing validator nodes and alike.

it just all feels like people are getting lost in short term fees and the easiest valuation attempt rather than what $ETH is actually built for, all while its testing its bottom range and players go full portfolio into AI.

[Doruk İşmen @dorukismen]

https://t.co/GpWqpIEzB5

[The Ethereum Economic Zone @etheconomiczone]

Welcome to the Ethereum Economic Zone (EEZ), a framework for synchronously composable rollups.

What does that mean?

One deployment. Shared liquidity. Single transactions across L1 & L2. Identity verified anywhere. Smart wallets connected everywhere. No additional trust assumptions.

This means L2s that are as credibly neutral, economically aligned, and publicly governed as the base layer itself.

EEZ furthers Ethereum as the leading decentralized economy.

[poet.base.eth @1CrypticPoet]

A lot of people have completely lost the plot on CLARITY.

Some of you are so desperate to get a bill passed that you’re willing to let banks gut stablecoin rewards and call it progress. And now @brian_armstrong and @coinbase are the villains because they won’t accept it?

Be serious.

Yes, Coinbase benefits if stablecoin rewards survive. So do users. That’s the whole point. Everybody in this fight has interests. The difference is Coinbase’s interest here is aligned with users. The banks’ interest is making sure they keep the upside.

A lot of the people talking the most shit either forgot or never cared who’s actually been in the fight. Coinbase pushed for clear rules, took the SEC lawsuit, stood up for staking, funded key legal fights, and helped build real political pressure for this industry.

I want CLARITY passed too. But not like this.

We are not starting from zero here. Between the regulatory clarity we got this month and where GENIUS left things, this is not some accept-anything-now-or-get-nothing moment.

That’s what makes this so backwards. Crypto gets so desperate for the quick win that it starts helping the wrong side win the bigger fight.

[Etc. @ec265]

For years Bitcoiners dunked on Ethereum and used the EF as a reason as to why Ethereum was centralised

Why? Because decentralisation is the most important thing for a public blockchain

Credible neutrality is the moat and Bitcoiners wanted to undermine the legitimacy of Ethereum

Fast forward to now and the EF has told you that their focus is on decentralisation, and yet every Alt-L1er is losing their head because BD is not the number one thing on the list

Ethereum takes heat from both sides, and the irony is that this is because it is doing what no other blockchain is doing; decentralisation with programmability and utility

But the funniest thing is that both Bitcoiners and Alt-L1ers are wrong

Bitcoiners are right to value decentralisation, but wrong to suggest that Ethereum is centralised

Alt-L1ers are right to value utility, but wrong to do so at the expense of decentralisation

It has never been clearer to me that Ethereum is exactly where it needs to be - the only thing that isn’t is the rhetoric around it

Narratives around ETH are all psyops to take advantage of ignorance

Bitcoiners/Alt-L1ers are all focused on the immediate term to try and grow market share (I.e. get people to buy bags) so that they become ‘too big to fail’, knowing that they are on borrowed time

They, or at least the ‘smart’ ones, know the inherent weaknesses and hypocrisy, but they want to extract as much as possible and hope that they can entrench their bags as a ‘major’ through sheer persistence

A time will come when people wake up to this, and every day we are closer to this eventuality

Ethereum is inevitable

The ticker is $ETH

[Ken Smith @nextblock_eth]

This is incredible! @Rocket_Pool just published their open-source AI agent 🦞 skills that let you interact with the entire Rocket Pool protocol via natural language. Liquid staking, node operations, governance, rewards, network stats ~54 contracts across 6 skill bundles, ready to drop into any OpenClaw agent. Mainnet + Hoodi testnet supported.

The future of DeFi is talking to your staking protocol.
https://t.co/zTJXgJ0161

[8004scan @8004_scan]

🎉 8004scan is live on mainnet.

The agent economy starts now! Browse thousands of autonomous agents with verifiable identities, on-chain reputations, and cryptographic validation.

Available now: https://t.co/svTLWTNFNW

The future of AI agents is here-and it's decentralised.

Here's the full feature set available now: 🧵

@DavideCrapis @VittoStack @ethereum @marco_derossi @programmer @binji_x @KhanAbbas201 @13yearoldvci

[sudo rm -rf --no-preserve-root / @pcaversaccio]

🫡because security is also privacy, my signer Safe (0x5aFE...Da0 -> safe...dao :D) is fully funded via Tornado Cash. That means a Tornado-funded signer is now securing over $220M in assets. Next time someone claims Tornado Cash is "only used by criminals," show them this. Fucking proud to be part of the regenesis of TheDAO. LFG.

[MilliΞ @llamaonthebrink]

Forget the acronyms and jargon.

In layman terms this feature means Ethereum will objectively become the most censorship resistant chain in existence and the only one to have protocol level transaction enforcement.

No other chain (including Bitcoin) offers such guarantees.

[Vitalik: An Ethereum Story @EthereumFilm]

An update on Vitalik: An Ethereum Story. Some good, some frustrating news.

The good news: The film is now streaming on Tubi and YouTube Movies, making it accessible to people around the world. Please watch and share it! (links below).

The frustrating news: Our goal was always to reach as many people as possible and make this film free. The agreement with our distributor was to release the film on Amazon Prime, Amazon’s streaming platform, where it could have reached millions of subscribers worldwide at no additional cost. Our distributor fully delivered the film. Everything was approved. After months of delays, Amazon finally informed us they are no longer releasing any “crypto-related content” on streaming (screenshot attached).

So we’re moving forward on our own terms. If Amazon won’t help us reach people across borders, cultures, and communities, we’ll do it ourselves. This story is too important, and too hard-won to let a single gatekeeper determine its global reach.

Thank you for your help getting this story told and out to the world.

[Ethereum File System @efs_project]

The World Computer needs a file system.

We are building the Ethereum File System (EFS): a shared, immutable substrate for organizing onchain data and extending the web on chain.

Read the full blog post: https://t.co/h317g4cClr

[AdrianoFeria.eth 🦇🔊 🛡️ @AdrianoFeria]

The crypto cabal forgot to mention that privacy is only one of the advantages offered by Ethereum's rollup centric framework.

In fact, Ethereum is structured to offer better privacy than Zcash because it allows you to deploy your capital and interact with financial applications and assets without giving up privacy. This is impossible on networks that lack robust smart contract capabilities. Neither BTC nor Zcash is capable of this.

The cabal also forgot to mention that, from a purely economic and monetary standpoint, ETH is a superior store of value to BTC because it provides native yield through staking, and this yield is designed to remain above net issuance at all times. A guaranteed positive real yield is financially superior to a disinflationary asset like BTC that offers no native yield. ETH also does not suffer from structural selling pressure from miners.

So, if you are curious why Tom Lee and Joseph Chalom chose to launch Ethereum treasury companies instead of BTC based companies or anything else, you need to understand that these individuals have studied this subject in great depth. They understand all of this.

Ethereum DATs have structured their companies around ETH because it is an asset that, despite having inferior mindshare, is economically superior to BTC. It can be transacted with privacy is the foundation of the internet of finance. Ethereum DATs are also able to generate cash flow, which by basic investment principles makes them more broadly appealing. They are not passive ETH holders. They are active economic participants in the internet of finance.

So maybe stop listening to the cabal and the noise from KOLs on CT, and try to see how the endgame is forming for ETH.

Feel free to fact check all this info with your favorite AI. Better yet, you should ask about this post to every AI model.

[Raoul Pal @RaoulGMI]

I know no one wants to hear bullish ideas and everyone is scared and wants to fling poo at each other... but the Road to Valhalla is getting very close.

If global liquidity is the single most dominant macro factor then we MUST focus on that.

REMEMBER - THE ONLY GAME IN TOWN IS ROLLING $10TRN IN DEBT. EVERYTHING ELSE IS A SIDESHOW. THIS IS THE GAME OF THE NEXT 12 MONTHS.

Currently the gov shutdown has forced a sharp tightening of liquidity as the TGA builds up with no where to spend it.

This is not offset by the ability to drain the Reverse Repo (it is drained). And QT drains it further.

This is hitting markets and in particular crypto which is the most liquidity driven. TradiFi asset managers have had one of their worst years of performance vs benchmark and are now having to chase markets and that is allowing tech to be more stable than crypto. 401K flows help too. If this liquidity drain keeps going longer, stocks will get hit hard too.

However...

As soon as the gov shutdown ends, the Treasury begins spending $250bn to $350bn in a couple of months. QT ends and the balance sheet technically expands.

The Dollar will likely begin to weaken again as liquidity begins to flow. Tariff negiotiations will have largely been completed, removing uncertainty

Ongoing bill issuance increases, adding more liquidity via bank balance sheets and money market funds (and stable coins).

Ongoing rate cuts (we will have economic weakness from the shutdown that will add to the evidence that rates need to come lower but no, there is no recession)..

SLR changes free up more of the banks balance sheets allowing for credit expansion.

The CLARITY ACT will get passed, giving the crypto regs so deserately needed for large scale adoption by banks, asset managers and businesses overall.

The Big Beautiful Bill then kicks in to goose the economy into the midterms. The entire system is now being geared toward a strong economy and strong market in 2026 for these elections.

China will continue to expand its balance sheet. Japan will work to strenghten the Yen, and also fiscally stimulate.

The ISM will rise as rates fall and tarrif uncertainty drops away.

You just need to get through the Window of Pain and The Liquidity Flood lies ahead.

Always remember the Dont Fuck This Up rules...and wait out the volatility. Drawdowns like this are common place in bull markets and their job is to test your faith.

BTFD if you can.

td:dr - When this number goes up, all number go up.

[nixo.eth @nixorokish]

this Thursday on ACDE, core devs will start going through the non-headlining features proposed for @ethereum's 2026 upgrade: Glamsterdam.

This is the first time there's been an "official process" with deadlines for proposal, so there's a massive list to get through

In order to do this, they'll need to curate the set down to a much smaller number, which means declining features that aren't ready or aren't the highest priority

Help decide priorities by using the Forkcast Rank page, where you can organize your preferences. It now shows all the proposed EIPs by category: https://t.co/jg4mQtR6C3

If you're not an ACD participant, you can still post your list to the EthMag community feedback post - I'll be sure to aggregate the views and represent at one of the upcoming calls.

The core devs don't always have perfect visibility into what YOU or your users need - help them help you!: https://t.co/926zCUgxZ2

This Thursday's ACDE: https://t.co/wIsobOlYXI