Bodhi Amos

[ethereum.network @EthereumNetw]

Holding ether but never used it?
Try it out, check out Crypto March Madness: Win DAI With The ETH Madness NCAA Bracket Challenge. https://t.co/YnFg2KMVZ9

[Uniswap @Uniswap]

What is Uniswap?

@DegenSpartan gives one definition.

[RYAN SΞAN ADAMS @RyanSAdams]

I like that you can buy an @AxieInfinity digital collectible with Ether, Dai, Loom, or even w/ USD using a credit card

In the Ethereum economy, any asset can compete as a money. The goal is to get more users into the crypto economy in the first place

[RYAN SΞAN ADAMS @RyanSAdams]

I think Lightning is cool, but will still have poor UX because BTC doesn't have a stablecoin

The BTC community has been conditioned to hold, hold, hold. Everyone remembers the Bitcoin Pizza. Who wants to spend their digital gold?

Dai in a L2 payment channel? Different story

[RYAN SΞAN ADAMS @RyanSAdams]

I think we'll see the Augur/Veil two-step play out again & again:

Step 1: A permissionless financial protocol is created, but it's hard to use (Innovator stage)

Step 2: A centralized entity builds a UX on the protocol, smoothing edges & making it useful (Early Adopter stage)

[Bodhi Amos @bamos01]

@antiprosynth @kakujain @TuurDemeester Once I realized what an idiot people like @tuurDemeester were, I sold all my BTC and have never looked back.

[Bodhi Amos @bamos01]

@cz_binance What an embarrassment- you are shit

[Bodhi Amos @bamos01]

@mdudas @RyanSAdams To the extent Consensys matters, it’s better for them to find a sustainable business model. Sounds like they’re changing into a more traditional VC firm

[RYAN SΞAN ADAMS @RyanSAdams]

People forget that Dai is basically just volatility stabilized Ether

Every Dai is backed by about $2.5 worth of Eth

Dai demand = Eth demand

Maker has quietly turned Ether into a price stable currency

And it's about to be available for mainstream on Coinbase

[Spencer Noon 🕛 @spencernoon]

Prime example of how even sophisticated investors are struggling to value smart contract platforms beyond basic metrics.

When you dig deeper into the fundamentals that measure #ethereum economic activity (e.g. $ value of collateral locked in SCs)—a different picture emerges.

[Bodhi Amos @bamos01]

@inb4trills @Shaughnessy119 But who is going to pay the miners? Someone has to foot the bill.

[Bodhi Amos @bamos01]

@coindesk you should write an article about Bitcoin s new plan to maintain the 21m cap

[sassal.eth/acc 🦇🔊 @sassal0x]

So now Bitcoiners think that it's okay to do what governments do (confiscate peoples money) if it's for a perceived greater good?

🤔🤔🤔🤔🤔

[Bodhi Amos @bamos01]

@twobitidiot @CryptoHayes @cz_binance Would have been if ETH had declined by itself without a massive BTC collapse. Fact is - this whole bear market is due to Bitcoin being the ultimate shitcoin and good projects can’t escape its damage

[Bodhi Amos @bamos01]

@danheld @RyanSAdams @mseiler1 Fees are falling. Retail transactions down 80% this year. No one uses it except as get rich quick scheme. No signs at all user fees can pay for mining - so 21m cap is just unverifiable marketing claim

[Bodhi Amos @bamos01]

@danheld @RyanSAdams @mseiler1 Lol - I’m waiting - $4m worth of bitcoins printed every day and only $50k user fees- got a long way to go and BTC has no use cases and trying to push people onto lightning because they cant sustain high fees without people leaving

[Bodhi Amos @bamos01]

@danheld @RyanSAdams @mseiler1 Problem is that while it’s easy to code a cap, bitcoin is nowhere close to showing it has the incentives in place to maintain security when issuance goes to zero. The 21m cap is just shitcoin marketing

[Bodhi Amos @bamos01]

@Melt_Dem With bitcoin down 90% this year, is this really the most interesting thing you could think to say?

[Bodhi Amos @bamos01]

@hayeah People hate plutocracies. Plutocrats don’t survive without a credible threat of force

[Bodhi Amos @bamos01]

@hayeah People that don’t care about decentralization will use AWS. People who do care will not use eos.