Freedom, Love, Prosperity. 5 year #BAYC Internet Club, @Othersidemeta Metaverse Believer, @riftapp 24/7 Trading for everyone, @Somnia_Network The Agentic L1
24/7 trading is already here. Lance and @apaley talk about everything from tokenization on @solana, perps on @HyperliquidX, permissionless markets on @tradexyz, and of course...couldn't miss chatting about padel.
Give it a listen! And thank you for having us @TheOneLanceB! 🫡
Our statement on the UK government’s demand that all content on all devices sold or used in the country be scanned, on the presumption of nudity, using a dystopian combination of age verification and content scanning. This proposal will not safeguard children. It endangers us all.
https://t.co/VdWe9uhi8p
David Hoffman: "There has never been a strategy for Ether the asset beyond an anti-spam mechanism to fix the halting problem."
"That's why Ether was created - to be gas."
Ethereum the network has a strategy. $ETH the asset does not.
Conflating the two is the problem - and until the community separates them, the investment case stays murky.
FT @BitcoinJesusETH@TrustlessState@CamiRusso@DefiantNews.
I can't shake off the thought that $ETH is following $ATOM.
Both has tech used beyond their own ecosystem:
- IBC and the Cosmos SDK run under dYdX, Celestia and Injective.
- The EVM runs almost every chain that isn't Solana.
Lots of adoption but native coins don't accrue much value.
Both scaled by pushing activity out to satellite chains:
- Cosmos with app-chains like Osmosis
- Ethereum with L2s
Cheaper for users, but value leak to the edges while the L1 pay for security.
Like L2s are slowly dying, Cosmos App-chains are pivoting or shutting down with Akash's $AKT about to propose a new migration chain.
Price is going the same way but slower for ETH.
ATOM is down ~86% over five years. ETH 'only' 38%.
The big shift was valuing L1s mostly based on fees/revenue.
I think that's flawed for L1s but $HYPE and $TRX proved that L1s can actually generate high enough fees and burn tokens via buybacks to affect the price.
Cosmos community was asking FOR YEARS to fix ATOM's inflation and weak value accrual, and nothing changed until an 86% dump forced it.
Even a founder was pushing for a hard fork.
Apathy set in within Atom and no one even talks about it on CT anymore.
Now they're redesigning ATOM to capture value instead of just paying stakers to hold. Current proposals:
• inflation tied to actual fee revenue (currently a fixed 7-10%)
• longer staking locks earn more
• value accrual extended to SDK (corporate) usage, beyond staking yields alone
$ATOM holders are so desperate they are willing to experiment.
$ETH is at way too high MC and not desperate enough to make any radical changes to it.
Vitalik called supporting ETH the asset 'outside the scope of the EF'.
So any big change probably would come the way it did for ATOM: a crisis deep enough that doing nothing becomes more costly than acting.
ETH still secures billions so too large for anyone to treat this as an emergency.
ATOM had to fall most of the way to zero before it could reinvent itself.
If ETH is on the same path, the level that unlocks it is a long way below here.
This is why NFTs should be priced in Dollars
Imagine buying a Monnet or a Picasso for a Million dollars only to then have the value drop to 500,000 just because devaluation happened.
That’s the biggest perk of the USD, it creates value stability even though some can debate inflation and devaluation all they want
The Chinese apes community is growing super fast.
Don’t forget BAYC is the most active and best value community on the internet.
You can meet billionaires, jobless people, entrepreneurs, people who own penthouses or boats, or still live in their mom’s basement.
Fascinating. I will never sell mine because it’s the craziest group of people in my view.
Centuries of tribalism in shambles: Middle Easterners, Westerners, Asians… rich, poor, lazy, smart… all together under the banner of a monkey JPEG.
Arthur Hayes has absolutely zero shame
> he founded BitMEX in 2024
> got went to trial for USA bank secrecy act violation
> he pleaded guilty and was sentenced to 6 months of home detention, 2 yr probation + $10 m fine
> got later pardoned by Trump
> continues to scam and do shady stuff despite already having a fortune of $42 m in the bank
Remember him in the next cycle.
He'll try the same manipulative tricks to fool newbies:
> shill token (zec, wld, near etc.)
> 2 days later open shorts and announce he's bearish
I have a personal list of people that should be faded/countertraded whenever they post
I kept this clown there since 2022 and for good reason.
@blockchainzilla It was a failure to try to solve the trilemma in the first place. This has caused continuous fighting over two completely opposite goals. Vitalik wants to be balanced and find the perfect solution, more pragmatism would have been better. https://t.co/ua4exhghrA
We should have worked on two Ethereum systems from the beginning:
1) The EF CROPS Ethereum we know and love with thousands of home takers
2) And a separate L1 optimized for performance and scale with a few high spec validators and controlled by a real business organization
Both using ETH for gas fees and with an integrated seamless bridge that make it feel like one economic zone.
Instead of coming up with solutions like Uniswap for a slow network, Ethereum should develop an on-chain order book DEX on the fast chain that can compete with TradFi.
One chain for settlement with high CROPS guarantees, the other chain for transacting and real world applications, that require less CROPS and more performance.
Trying to solve the trilemma with L2s or zK in one system, breeds overly complex applications, fragmentation and constant fighting in the community between two completely different goals.
It is not too late to fix this basic problem, that has plagued Ethereum for years and has allowed competition to leapfrog Ethereum.
@tiger_web3 Stable coin (chains) will taker over, does not mean Ethereum won't play a role as a Linux like open source chain, but a lot less ETH market cap for sure.
23 year old Sudanese migrant Abubaker Mohamad Awad, stabbed 19 year old Tommie Lindhn to death in his own apartment in Härnösand, Sweden after Lindhn tried to stop Awad from raping a Swedish girl at knife point.
After killing Tommie, Awad continued to rape the young girl next to Tommies dead body.
The Sudanese migrant had already previously been convicted of several crimes, including sexual harassment, drug offences & shoplifting.
Had he been deported, Tommie would still be alive.
The media painted Tommie as Far Right, implied he was racist & that his life didn’t matter.
Tommie’s life DID Matter, all White Lives Matter.
Tommie Lindhn was a HERO
R.I.P Tommie 🤍🕊️
There is no justice without completely overhauling the broken system in the West & without Remigration.
Locking up violent foreign criminals AFTER they kill does not stop the next innocent person from losing their life.
No justice, no peace.
We should have worked on two Ethereum systems from the beginning:
1) The EF CROPS Ethereum we know and love with thousands of home takers
2) And a separate L1 optimized for performance and scale with a few high spec validators and controlled by a real business organization
Both using ETH for gas fees and with an integrated seamless bridge that make it feel like one economic zone.
Instead of coming up with solutions like Uniswap for a slow network, Ethereum should develop an on-chain order book DEX on the fast chain that can compete with TradFi.
One chain for settlement with high CROPS guarantees, the other chain for transacting and real world applications, that require less CROPS and more performance.
Trying to solve the trilemma with L2s or zK in one system, breeds overly complex applications, fragmentation and constant fighting in the community between two completely different goals.
It is not too late to fix this basic problem, that has plagued Ethereum for years and has allowed competition to leapfrog Ethereum.
They know it is over, chains like Tempo and Ton + ChainLink will take over from here.
We should all be thankful for what Ethereum has done for this world, but a leadership with 0% business instincts and toying with crazy complex and risky zK etc. tech and solving for sanctuary tech, ETH will drop to 20B market cap.
While I’m no fan of socialism or arbitrary confiscations of wealth, I can see why Bernie Sanders’ proposal (for the government to take a 50% stake in AI companies) resonates, including with many on the right.
The CEOs of the leading AI labs have told us repeatedly that they will cause massive job loss. This is not a story that I believe, nor does the data bear it out, but this is what they have told us. Similarly, they have hyped the risks of AI without putting an equal or greater emphasis on the benefits or readily available mitigations.
Conservatives have another fear. The employees of the leading labs claim to be philanthropic, but what we’ve seen is massive enrichment of NGOs advancing an agenda at odds with traditional values, fueling a revolution against our cities and communities. Soros-maxxing is not charity in our book.
Anthropic and OpenAI have established themselves as Public Benefit Corporations. What could be more in the public benefit than using half the wealth generated by these companies (which trained for free on the collective knowledge of humanity) to pay down the national debt? There is no ideological bias in that philanthropy.
Dario and Sam have begun to walk back their claims of massive job loss, but the damage to public trust is done, and now the chickens are coming home to roost. I could almost support the Sanders proposal as a stupidity tax.
There’s just one problem. Nationalization of AI will accelerate the corporate-government fusion we’re already sliding toward. Conservatives rightly fear a Central Bank Digital Currency. They ought to be even more concerned about Central Government AI — a system with even more totalistic power over information, decision-making, and human behavior.
We saw how social media was weaponized to censor conservatives (including President Trump) in the last Democrat administration. The definition of “trust & safety” expanded to mean protecting the public from supposed psychological harms, micro-aggressions, and disinformation (you know, like hearing conservative ideas or true facts about Covid).
That “safety” agenda as applied to AI will be vastly more powerful and Orwellian. AI won’t just moderate posts; it will curate reality — with the ability to rewrite history, enforce ideological conformity, influence policy at scale, mass surveil Americans, and condition the benefits of the many systems it controls on approved behavior.
America won’t win the AI race if we beat China but end up with a CCP-style social credit system in the U.S. — and that is the danger as the government becomes more deeply involved in AI development and assumes direct ownership and control.
Conservatives are right to fear where this is all headed but ought to think more carefully about how regulations they are flirting with now (that are widely celebrated among those with a long history of lust for Big Government) will be used against them the next time a Democrat administration is in power.