dshin.eth 🦇🔊

Semi-retired investor: CAGR 241% from 2017 to 2024.

BActSt BCom - Finance

[nairolf @0xNairolf]

when in doubt, try withdrawing $10k from your bank account

you will quickly remember why crypto is 100000% the future

[Kuma Capital @KumaCapxbt]

@DeFi_Dad Eth has to be valuable. Ok.
But there is no revenue and no real reason to hold eth/buy eth, people can just use the chain to buy other stuff /sell eth.
So who is going to buy?

[dshin.eth 🦇🔊 @dshin_eth]

@DCinvestor @econoar Bought eth after David’s tweet xD

[Greg @gregthegreek]

The unfortunately reality is that this shouldn't even come across as a hot take, when this is the blatant reality.

For years the EF hasn't been able to grow up, and accept the reality that this is no longer the beast it once back in the 2016-2020 era.

The core values of being the most decentralized and whatever else are valid arguments but you cannot for a second imagine that force feeding narratives and ideologies down peoples throats as a prerequisite for adhering to the basic principles.

The tides have shifted a lot. DeFi is the only major use-case, but the EF has been reluctant to accept that. In turn they over fund junk. They allow endless pet projects to evaporate money, and in turn ask that individuals get remunerate by legacy and making an impact.

Unfortunately it needs to maintain an absolutely ruthless mentality the same way a startup fighting for growth does.

You can have your ideologies but the org needs to be run ruthlessly to win.

The tech Ethereum has built will last decades, but I have increasingly become skeptical if the org behind it will allow it to dominate as an L1 a decade from now.

It sucks. I've been a core builder for a decade, and will continue to do so to the last day. But they're flushing everything down the line because the old way is the only way

[dshin.eth 🦇🔊 @dshin_eth]

@Mr_Derivatives Maybe just a rotation from the bond market to the S&P500?

[dshin.eth 🦇🔊 @dshin_eth]

@__project0__ @DavidSacks Fake is a fake. You can tell that it's ingenuine.

[dshin.eth 🦇🔊 @dshin_eth]

@ericonomic North Korea

[dshin.eth 🦇🔊 @dshin_eth]

@TruthTrumpPost jfc

[dshin.eth 🦇🔊 @dshin_eth]

@hosseeb Fuck kim jong un with his small penis buried under his belly fat.

[dshin.eth 🦇🔊 @dshin_eth]

@cuntycakes123 Honestly the L2 centric roadmap was a disaster.

[dshin.eth 🦇🔊 @dshin_eth]

@IslandHunting Even if it wasn't aave, the attacker could've sold into the open market or borrow from another lending protocol.

So why is Aave at fault here again?

[dshin.eth 🦇🔊 @dshin_eth]

@chenmo It's not what they want. It's more like what's legal.

[dshin.eth 🦇🔊 @dshin_eth]

@DAnconia_Crypto What?

Resolv hack that took place 2 weeks ago immediately gave out all their money to USR holders and defi projects while leaving RLP holders in the dust.

Things work out faster than you think.

[dshin.eth 🦇🔊 @dshin_eth]

@hexonaut Ethena..

[dshin.eth 🦇🔊 @dshin_eth]

@litocoen @Tiza4ThePeople use cowswap?

[dshin.eth 🦇🔊 @dshin_eth]

@0xBoneyBoi @zainbacchus Kelp can't blame anyone but LayerZero. The thing is, even if it wasn't Aave, there are dozens of other lending protocols that could've been used.

[dshin.eth 🦇🔊 @dshin_eth]

@0x_Abdul Nope. If they socialise the loss, then the protocol will get lawsuits from everywhere. If the target the loss onto a specific group, lawsuits are much easier to handle.

Also, legally speaking, it's only right that L2 rsETH holders take the hit.

[dshin.eth 🦇🔊 @dshin_eth]

@0xedenau Option 1 was selected by Resolv btw

[dshin.eth 🦇🔊 @dshin_eth]

@lonclepicsou @Cbb0fe @aave Probably saved by Umbrella and the protocol

[dshin.eth 🦇🔊 @dshin_eth]

@dcfgod Logically, you're right. But logics don't always work in crypto..

No excess rsETH was minted, but if you held rsETH on L2s, your redeemable ETH has been stolen by the hacker.