emis

[@levelsio @levelsio]

🇪🇺 The EU is now for the 6th time trying to force Chat Control through which lets them scan ALL your private messages, photos and emails without a warrant

Implictly showing the EU is not democratic and not about what the people of Europe want, because once a law is rejected, you just re-submit it until nobody is watching and it's passed

November 2023: ❌ Chat Control is rejected
June 2024: ❌ Chat Control is rejected
October 2025: ❌ Chat Control is rejected
November 2025: ❌ Chat Control is rejected
March 2026: ❌ Chat Control is rejected
July 2026: 📝 Chat Control is back

Even the EU's own lawyers stated Chat Control is unconstitutional: "generalised message scanning is incompatible with Article 7 of the EU Charter"

You have to wonder why the EU is so adament about reading your private chats, right?

[Martin Sonneborn @MartinSonneborn]

Ich habe heute versucht, die Chatkontrolle zu stoppen.

Am Wochenende mussten Sibylle Berg und ich Parlamentspräsidentin Metsola schriftlich mitteilen, dass das Durchprügeln der Chatkontrolle im Eilverfahren leider gegen die Geschäftsordnung des EU-Parlaments verstößt. Während Metsola der interessierten Presse daraufhin (fälschlicherweise) mitteilte, dass das schon alles seine Richtigkeit habe, warten wir immer noch auf ihre Antwort.

Deshalb wollte ich es ihr heute bei der Eröffnungssitzung in Straßburg noch einmal erklären. Und musste erstaunt feststellen, dass die Präsidentin doch Regeln kennt: Exakt nach 60 Sekunden hat sie mir das Mikrophon abgestellt. (regelkonform, wird aber selten gemacht)

Dabei hätte ich noch einiges zu sagen gehabt: "Frau Präsidentin, Sie wachen nach Artikel 22 über dieses Regelwerk (mit der ausgedruckten Geschäftsordnung wedelnd) - erklären Sie den Eilantrag für unzulässig. Wir sind hier schließlich nicht auf Malta! Die aktuelle Fassung der Geschäftsordnung überreiche ich Ihnen gerne persönlich. In der MEP-Bar."

Wie es nun weitergeht? Morgen wird über das Eilverfahren abgestimmt, obwohl diese Abstimmung gar nicht stattfinden dürfte. Wenn der Antrag erfolgreich ist, kommt die Chatkontrolle Donnerstagmittag zur Abstimmung ins Plenum. Um sie noch zu stoppen, müssten 361 Abgeordnete - eine qualifizierte Mehrheit - DAGEGEN stimmen.
Die schlechte Nachricht: Donnerstag ist der letzte Tag vor der Sommerpause und viele MEPs dürften bereits auf dem Weg in den Urlaub sein. Ein Schelm, wer Böses denkt bei dieser Terminierung... Smiley!

Wenn die Chatkontrolle durchgeht, dürfen die Plattformen (also die US-Tech-Bros) wieder & weiterhin fröhlich & ganz legal Ihre Nachrichten scannen. Schreiben Sie also gefälligst etwas unterhaltsamer in den kommenden Wochen... ZwinkerSmiley!

[emis @emis_nn]

@Pasta_Capital Revolut

[Wizzle | Silhouette @WaynesWorldza]

Wild to see $HYPE make ATHs again today.

Not just because they made their community rich.
Not just because they made a battle-tested, performant orderbook liquidity hub.
Not just because they created a parallel EVM compatible chain with access to HL liquidity.
Not just because builders can create 3rd party frontends and earn revenue using HL underneath.
Not just because perp markets will soon become permissionless with HIP-3.

But because they tied it all together.

It was a game of owning distribution...by giving most of it away.

Hyperliquid.

[Austin @dodrio44]

Remember how Prometheus was one of the coolest movies ever and everyone complained about it because they're dumb

[Jeff Dorman @jdorman81]

We need to fix the broken, archaic & inconsistent market cap formulas in order for crypto to thrive!

Arca proposes "Adjusted Market Cap", which we feel more accurately reflects a token's true valuation.

We hope this becomes the new standard.

A thread 👇

[emis @emis_nn]

@zealwallet Hopefully it will be one day.

[Clouted @CloutedMind]

they tried so hard to convince that ETH was stuck in a hard place between BTC and SOL

but all along it was SOL was stuck in a hard place between ETH and HYPE (the real decentralized-not-so-decentralized nasdaq)

the psyops are slowly fading

[Clouted @CloutedMind]

ive personally ran out of fucks about what the EF says or majority of the ETH bros at this point

in the end its inevitable, there was never any ETH identity crises or narrative crises

they simply lose the vision then only see it when it comes around again

it was always the most superior form of money/SoV/collateral of the internet and always will be

DeFi will always be the most important application of smart contracts

it doesn't matter if the current administration of eth leaders have lost the plot, never had it, or try to completely change it

ETH value is from it being the out-of-money call option on the future value of the internet

the most important thing is to build DeFi which extends ETHs monetary premium

this achieves both value for ETH and the promise of crypto and blockchains to provide financial freedom and sovereignty to all

thats literally all it is

dont let the researchers psyop you

intellectual masterbation over what infra scaling methods or dev tools to implement should not be the point

dont let the VCs psyop you

new bets on competitors eating away market shares of everything ETH does (with scamming and crime pump n dumps) is not the point

dont let the traders and investooors psyop you

revenue and p/e and discounted cash flow burn rate fundamentals to become a better version of web2 companies are not the point (atleast not for ETH, maybe for the app layer) is not the point

ETH as the best value asset of the future bringing financial freedom through defi

this is all it is

and all it ever will be

we should kinda be careful not to lose that

[_gabrielShapir0 @lex_node]

despite Solana having much higher inflation, validators still need to be propped up by the Foundation (897 validators depend on it (https://t.co/vuUhkBVjWu))

it was estimated that 100-300 validators would've become un-profitable if SIMD-228 had passed, which still would've been triple Ethereum's inflation rate

This is due to the enormous cost of running a Solana validator, which is necessary for Solana's L1 scaling strategy.

Solana people seem fine with this:

"The size of the validator set is pretty meaningless. What matters is that we have a decentralized system. I don't think there is a single investor on the planet that would change their thesis and leave the Solana ecosystem if the node count went from 1300 down to 1000 or even less" -https://t.co/62K3D8EOzb

"No user has ever decided to use or not to Use Solana because of the number of validators the chains have" -(https://t.co/q8cMUWT53U) (see also: https://t.co/TpNwPonfqY)

"Home stakers are on government regulated ISPs. If the government cracked down and forced ISPs to do layer7 filtering and kill all home stakers ethereum wouldn’t “survive” in the same shape or form. In that environment there is no point for a high performance blockchain anyways. It’s moot." (https://t.co/SdHAxsT1NO)

This is a radically different philosophy from Ethereum, which emphasizes censorship resistance--currently achieved because you can run your own node and even validator at relatively modest cost, and potentially in the future achieved with inclusion lists etc. (albeit still some doubt around the limits of those).

I think Solana's is an internally coherent but flawed philosophy. What it ultimately is based on is that *a nation-state-power resistant blockchain is not even possible* (https://t.co/SdHAxsT1NO) so why bother with all the performance tradeoffs that come from building for that?

They could even be right. But it doesn't interest me and I don't think blockchains are actually very valuable if it's right--autonomy (freedom from extrinsic acts of power, permissionless ability to transact on your own behalf *without intermediaries*) and decentralization (widespread distribution of any power entrusted in others) are imo the core areas where blockchain systems shine. Obviously yes blockchains do have other benefits ("transparency", "composability") but they are nugatory in comparison to decentralization/autonomy.

A bet on this philosophy, imo, is a bet on blockchains just not being very valuable at all in the long-run.

[_gabrielShapir0 @lex_node]

again I must stress, I respect the hustle and skill that went into Solana & I understand the worldview & premises behind it & think there is some chance they could be correct, but it just has zero to do with what got me interested in crypto...which was self-sovereignty, censorship resistance, cyberanarchism, and dissidence... it's depressing to see one person after another capitulate & equate Solana's vs. Ethereum's tradeoffs to "competence" vs. "impractical idealism" etc., and of course it is always VCs leading this narrative ...The idealism is the entire fucking point, without it we might as well go back to servers. . .

[Chase Wright (mysticryuujin.eth) @mysticryuujin]

Gas is 0.4 gwei, everyone keeps saying the L1 needs to scale, but ummm for what exactly? Who is limited by the L1 right now?

Yes, I understand planning ahead, but I also live in reality, and the reality is block space is NOT in demand.

[Garry Kasparov @Kasparov63]

Zelensky is a wartime leader watching his people suffer and die under Russian attacks every day. To be lectured and lied to by Trump and Vance, as they defend the war criminal dictator committing these atrocities, is unimaginable agony. An everlasting shame for America.

[Logarithmic Rex @LogarithmicRex]

If I Were King of Ethereum
A story of a home staker’s crisis of faith

A couple of weeks ago, I noticed my @beaconcha_in home-screen widget wasn’t working. And so, on Jan 21st, I realized my @Ethereum node had been offline since Dec 31st. Crap.

The first thing I did was pull the ripcord—I immediately called on @Rescue_Node to bail me out. This service essentially takes over for your node (without taking over your signing keys) during times of crisis or maintenance. I’m a @rocket_pool node operator, but this service is available to all home stakers. With my node on life support, it was time to figure out what went wrong.

It didn’t take long: my computer had run out of storage space. Back in Jan 2022, I had shelled out $1,351 for an Intel NUC, two sticks of 32 GB RAM, and a 2TB SSD. I’d heard you could run an Ethereum node on a Raspberry Pi, so I was pretty proud of my setup. I thought I’d be set until the components started to fail. Wrong.

But okay, whatever. I checked Amazon, and upgrading to 4TB would cost $350. Frustrating, but acceptable. I procrastinated for two weeks and finally bought the upgrade. A couple of days later, the SSD arrived. I figured reinstalling everything would take a few hours while I watched YouTube. I even had Linux ready to go on a bootable USB. I unplugged my node, turned it over, and opened it up.

Problem #1: The tiny screw holding down the SSD. How did I do this three years ago? I stripped the hell out of it, but I got it out. I replaced the SSD, put everything back together, plugged in the USB, patted myself on the back, and hit the power button.

The light turned blue. The fan started running… and then it stopped.

As I started thinking, "Wait… if I messed up the hardware, I don’t know if I’m going to be able to fix it," the computer powered back on—only to shut off again. And then the cycle repeated.

The next few hours were spent opening up the computer, pulling out the SSD, putting it back in, wishing really hard, and getting nowhere. Eventually, I gave up. And because the node was completely offline, I couldn’t call on Rescue Node. I was bleeding.

This happened last Sunday. Frankly, I just didn’t have the bandwidth to deal with it during the week. So I spent all last week ignoring notifications from my https://t.co/XTFj48ZmIq app. Every six-ish minutes: **bzzzz** attestation missed.

But, if I’m being honest, these notifications weren’t ignorable. Every six minutes, my phone forced me to think about Ethereum. At first, the notification said, "this is something you care about." But eventually, "it started asking, Is this something you care about?"

In 2025, I think that question weighs heavily on everyone who joined crypto during the 2021 cycle and fell in love with Ethereum. Everyone has their own way of explaining how we got to where we are today. For me, it was: 1) the collapse of the restaking narrative and 2) the rise of memecoins which now define Ethereum’s sentiment. The prevailing view? That Ethereum was first, but it’s old. That it has lost its way. That it dropped the ball by failing to focus on scaling execution.

Maybe I’m not capturing the sentiment quite right—feel free to critique. But I think we all recognize there’s a growing consensus that Ethereum needs to increase gas limits and scale the L1.

I just think that consensus is completely wrong.

To me, Ethereum is ideological. It goes back to Satoshi Nakamoto’s words: “What is needed is a system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.” We are here to build a better financial system—one where everyone plays by the same rules. Credible neutrality means a system that treats every participant fairly, using the same deterministic, transparent rules—one that cannot be corrupted by a single actor for their own gain.

Here’s how I understand the history of crypto. First, in 2008 Satoshi Nakamoto gave us Bitcoin, an application-specific prototype of a blockchain computer. Then in 2015, @vitalikbuterin delivered on Satoshi’s promise and gave us Ethereum: the first credibly neutral, general purpose blockchain computer. The first trustless computing environment. The World Computer.

Every six minutes, my phone buzzed. And every notification brought me one step closer to my crisis of faith.

During the week, I started thinking about alternatives. First thought: Buy a new computer. @dappnode had options, but everything was $1,500+. The Rocket Pool guides had builds as low as $700, but they required hardware-level technical skills. I’ve read thousands of times that you can run an Ethereum node on the computational equivalent of a toaster. I had no idea that was the starting point.

Next thought: Set up a cloud node while I figured out my home setup. The cheapest option I found? $1,100/year. At that point, I might as well buy a new computer.

And then I thought, What if I just stopped home staking The yields are low. The fees on LSDs are negligible. Maintenance is annoying.

And then the thought morphed into: Do I even believe in this anymore?

The moment it all crystallized was when I was searching through the Rocket Pool Discord for cloud options. Someone said they were shutting down their node after three years—they’d lost too much money on $RPL. Someone responded: “Rip. Sorry for your losses, fren. We’re all in the same (sinking) boat.” Seeing my own doubts reflected back at me hit differently. I realized: That’s not why I’m disappointed.

I’m disappointed because I worry that Ethereum is losing its way.

You know what’s missing from every conversation about what Ethereum is doing wrong? Decentralization.

Running a node fucking sucks. It requires massive capital and hard-earned technical skills. The implication of every call for a gas increase is that fewer people will do this. I’ve built my entire career around Ethereum, and even I’m ready to quit.

I joined crypto in 2021. The Rollup-Centric Roadmap was already the plan. Since then, I’ve only become more bullish. Once you wrap your head around:

- @drakefjustin’s vision of native and based rollups
- @succinctlabs / @risczero / @a16zcrypto’s zkVM
- @sreeramkannan’s vision of a trustless future

…any doubts about Ethereum’s ability to support a global (and virtual) economy disappear. Everything that makes Ethereum cheaper, faster, and easier happens in the layers around Ethereum.

Ethereum’s job is to export credible neutrality—which comes directly from its decentralization. And we are failing to protect that.

When I started staking, there were ~6,000 nodes. Today, there are ~6,000. We are not putting any effort into growing decentralization. In fact, we are making decisions that explicitly work against it. If we prioritize L1 performance at the cost of decentralization, we’ll become just another bad version of @Solana. And then we’ll both just be bad versions of @aws.

If I were the King of Ethereum, I wouldn’t really mess with the technical roadmap. But I would focus the vast majority of my attention on individual and small scale stakers. Improve the experience, reduce ETH requirements, drive down costs, educate, incentivize new stakers, etc.

We would leverage Moore's Law to reduce the barriers to staking, not increasing the performance we demand from home stakers.

I still believe in Ethereum. If anything, I’m more convinced the world will embrace a financial system that isn’t controlled by billionaires and politicians.

But I can’t ignore the creeping doubt… that we’re walking down the wrong path.

Yesterday, I finally sat down to fix my node. Long story short: one of my RAM sticks had fried when I replaced the SSD. I removed it, booted up Linux, and was back online. Tonight or tomorrow, I’ll be securing the World Computer again.

My conviction has been tested, but it has held.

And now I know what it’ll feel like when it breaks.

It’ll feel like it’s not worth it to be a home staker.

[emis @emis_nn]

@sershokunin Eth

[emis @emis_nn]

@drakefjustin How is reduced issuance not going to kill homestakers?

[Stani @StaniKulechov]

Let's be clear about something regarding Ethereum.

1. Highest security

First of all Ethereum has the highest security amongst the programmable execution environments.

Yes this matters. When world moves onchain, that means that most important and mission critical use-cases will use Ethereum. Most importantly this means $25T finance industry.

2. DeFi TVL

The only PMF for onchain has been DeFi. Out of the 122B TVL Ethereum is the home for over half of it and almost 6x to the second biggest.

The economies of scale is on Ethereum. Mainnet Aave is the only place you can borrow $1B in stables by posting a collateral. You can't do it anywhere else.

All the most relevant DeFi innovation I keep being pitched is still on Ethereum.

3. Developer ecosystem and tooling

While building DeFi sounds an easy to replicate anywhere, that is not really the case. DeFi protocols need solid network security and stability to be able to serve collateralized products and any product that include a oracle price feed.

Second, in most nascent network ecosystems its much more harder to build DeFi and to secure it.

Ethereum has advantage here as the developer ecosystem has build solid tooling around development (Hardhat, Foundry), multiple different testing tools, i.e. different fuzzy-testing, simulation tooling such as Tenderly for debugging and robust ecosystem of auditors that are really going deep into the code and caring, not just rubber stamping audit reports.

4. EVM innovation

EVM has been the most valuable innovation in the Ethereum ecosystem. We are seeing more exciting innovation happening on EVM space, including from ZK-based EVMs to solve scalability from ZKSync, Scroll to Linea and Succinct. Instead of seeing one path of innovation, we are seeing multiple options competing to provide the best scalability and also privacy for users.

5. L2 strategy (+ Beef up Ethereum L1)

People critisize the L2 strategy on Ethereum but it actually works. It allows L1 to offer highest security for Ethereum while allowing innovation to foster on L2s (as per previous point). Every major exchange or institution is looking to run their own network. They want customization and they want economics.

How I would like to see this continue is that we keep innovating on the L1 side, and beef up Ethereum mainnet, faster.

Once cross-chain liquidity is solved and ux challenges are removed, it all feels unified, and super fast.

6. POTUS is building on Ethereum

WLF Aave instance is going to be deployed on Ethereum mainnet. Lot of innovation will follow on DeFi with WLF. This is where POTUS fundamentals are happening.

7. The institutions are deploying on Ethereum

For institutions like BlackRock their main base is Ethereum and this is because Ethereum provides the highest security and stability for institutions to issue assets like RWAs, its also where all the DeFi network effects are.

8. Talent pool

Most of the talented smart contract developers are on Ethereum, writing Solidity. This is also the reason why the most biggest protocols are on Ethereum and have been running for years and the same reason why the developer tooling on Ethereum is light years ahead of everything else. It's a more mature ecosystem.

Remember, onchain is full of short term (very risky) opportunities that take the moment of attention but what really matters down the line is fundamentals. The ecosystems and its users that focus most of fundamentals will get the most adoption.

It's just a matter of time when ETH pumps, but when it does, it's going to be the biggest revenge pump ever.

[emis @emis_nn]

@flynnslick

[emis @emis_nn]

@mysticryuujin on what hardware/bandwidth?

[Bitstein @bitstein]

Praying for Ross Ulbricht. May he finally be set free.