Beerb0x

Ethereum

[marilyn100x.eth @marilyn100x]

ETH supply is up about 1% since the Merge.

In the same time period:
> solana:So11111111111111111111111111111111111111112 supply grew 66%, from 354M to about 589M.
> ripple:native supply grew 27%, from 49.83B to about 63.1B.
> cardano:native supply grew about 10%, from 34.18B to about 37.5B to 38B.
> bitcoin:native supply grew 4.96%, from 19.15M to about 20.10M.
> ethereum:native supply grew 1.0%, from 120.52M to about 121.7M.

[Brivael Le Pogam @brivael]

On my way to the office this morning, I passed a group of young people protesting, a Palestinian flag draped over their shoulders.

And I asked myself a question I can't shake: why does this generation always fall into the same trap? No matter the history. No matter the context. Even the ones from wealthy families, who went to the best schools, who were dealt every good card. Always the same trap.

I don't think it's stupidity. I think it's a mechanism. And a mechanism can be taken apart, piece by piece.

A. The observation: everything the state touches becomes unaffordable.

Look at economist Mark Perry's famous chart, the one people call "the chart of the century." It tracks US prices since 2000.

At the top, what explodes: hospital services, college tuition, textbooks, childcare, housing. Increases of +100%, +150%, up to +250%, far above general inflation.

At the bottom, what collapses: TVs, software, phones, toys, clothing. A TV today costs a fraction of what it did in 2000, for an infinitely better product.

Look at what separates the two groups. It isn't technology. It isn't complexity. It's one variable: how much the state is involved.

At the top, sectors that are subsidized, regulated, shielded from competition, where the state funds demand and blocks supply. At the bottom, sectors where companies fight every single morning to serve you better and cheaper.

B. The mechanism: why it's systematic.

When the state subsidizes demand without freeing supply, prices rise. Every time. Guaranteed student loans, and universities raise tuition. Housing aid plus blocked building permits, and rents skyrocket. Administered healthcare, and bureaucracy eats the budget before it ever reaches the patient.

In France it's even more vicious, because the price doesn't disappear: it hides. You never see the hospital bill, you pay it through payroll contributions. You never see the cost of school, you pay it through taxes. Public spending at 57% of GDP, one of the heaviest tax burdens in the world, more than €3.4 trillion in debt. And the result? Overflowing ERs, falling PISA scores, young people who can't afford to live in the city where they work.

The market didn't fail in these sectors. It was never allowed in.

C. Suffering demands a culprit.

A 22-year-old lives all of this in their bones. They can't find a place to live. Their degree either buries them in debt or opens no doors. The future feels blocked. That suffering is real, and I don't deny it for a second.

But human beings can't stand suffering without a culprit. They need a face. A scapegoat.

And this is where everything is decided: who taught them how to read the world?

D. Whoever tells the story picks the villain.

Schools are public. Universities are public. Culture runs on grants. Film goes through funding committees. Public broadcasting shapes the narratives. The people handing down the interpretive framework are, overwhelmingly, paid by the very system that creates the problem.

Do you really think that system is going to name itself as the culprit?

No. It names the capitalist. The boss. The landlord. "The rich." The multinational. The commercial West. Same role, same casting, every time.

E. One lens, a thousand causes.

And this brings me back to that flag. A generation taught to read every situation through a single lens, oppressor on one side, rich, Western, capitalist, oppressed on the other, will apply that lens everywhere. To housing. To climate. To conflicts on the other side of the world. The cause changes, the lens stays. That's why the trap is always the same: it's not the cause that draws them in, it's the way of thinking that was installed in them.

F. The perfect inversion.

Here's the irony. Capitalism is the force that drove down the price of almost everything it touched. The state is the force that blew up the price of almost everything it captured. And young people blame the first for the crimes of the second.

It's like blaming the firefighter for the fire because you saw him at the scene.

G. The ballot box confirms it.

In the US, a few weeks out from the midterms, a large share of urban young voters is getting ready to vote Democrat for more state, more spending, more regulation. New York elected a self-described socialist mayor, carried by young voters, on promises of rent freezes and city-run grocery stores. Rent freezes, the policy that has made housing scarcer everywhere it's been tried. The cure that worsens the disease.

In France, it's the same play in two acts. Part of the youth votes for the radical left, which promises more state. Another part votes for the center, which promises to "manage" the state well, and has dug the debt deeper than ever. Two different ballots, one shared assumption: the problem is the market, the solution is the state.

H. The way out.

These young people aren't stupid. They're right to be angry. They're just aiming at the wrong target.

The day they understand that their rent, their tuition and their hospital are expensive precisely because the state runs them, their anger will change direction. They'll stop protesting against those who create. They'll start protesting against those who capture.

That day, the greatest intellectual scam of our time will be over.

[Mippo 🟪 @MikeIppolito_]

People are sleeping on @Payward

They're still behind Coinbase and Robinhood in terms of volume, but they're coming up fast.

Entirely different energy from a couple of years ago, very impressive to see and a company to keep an eye on.

[Beerb0x @Beerb0x]

The irony here is that there will ultimately be less wealth to manage

[GB Politics @GBPolitcs]

🚨NEW: HSBC is planning major job cuts across its UK wealth management division after replacing staff with AI

More than half of managers and specialists are set to go, alongside 70% of wealth managers

[Beerb0x @Beerb0x]

@ec265 @ItsJamesHall Beans

[Kira Sama @Kira_sama]

This is fucking glorious.

This is what ethereum is all about.

I can imagine people and even AI buying huge amount of $eth and locking it in a vault for private AI inference.

$usdc can be frozen. $eth is the pristine collateral. Buy and use $eth

Cypherpunk vision coming out slowly.

The ticker is ETH

[Beerb0x @Beerb0x]

@ec265 Etc bull

[Beerb0x @Beerb0x]

@ec265 FFS. I mean it’s all just a vehicle for protein shakes anyway, but duly noted. Fortunately I probably eat as many berries as I drink anyway over the course of the day

[Beerb0x @Beerb0x]

@ec265 And full fat 100% pb ftw

[Beerb0x @Beerb0x]

@ec265 But also pb pow? I do similar. Blend a banana, keep the berries whole. Mostly frozen for a bit of crunch

[Beerb0x @Beerb0x]

@ec265 Cold air good for PRs

[Kraken Pro @krakenpro]

Ready to join Kraken VIP?

👉 https://t.co/PO2FUXmc1A

[Kraken @krakenfx]

Some relationships start in meetings. Some of the best can be forged over three days in Saint-Émilion.

A CEO fireside. Dinner at Château Pavie. Experiences you can’t buy a ticket to. This is Kraken VIP.

Read about the Château Retreat the blog ⤵️
https://t.co/AKvKC4dPar

[Elon Musk @elonmusk]

Ethereum

[Beerb0x @Beerb0x]

@ec265 Namaste

[Arjun Sethi @arjunsethi]

while clarity may not have clarity

@krakenfx parent @Payward will announce some clarity tomorrow. get your 🍿 ready..

[Beerb0x @Beerb0x]

@ec265 @allie__voss 😂

[Payward @Payward]

Nasdaq Ventures is investing $100M in Payward as we advance tokenization together with the @Nasdaq Equity Token (NET) framework.

Equities on-chain only works if it's built to institutional standard from day one. We're building it with the company that's run public market infrastructure for decades.

→ https://t.co/18pRQHov6S