Erica Wall

troll-demon @taprootwizards, pondering @orb_land, board @starknet

[foobar/ @0xfoobar]

if you’re in AI pivot to crypto

[Eric Wall @ercwl]

regardless if people like it or not, the matter of the fact is that taproot *did* make it just easy enough to productize the blobspace in bitcoin with a single input such that people are going to start doing it to a material extent.

the 1 sat/vB reign is over, "fun" is coming back to bitcoin.

the historically low demand for bitcoin block space as a result of BTC no longer being the primary way to transfer value between exchanges will prove to be a historical anomaly as we see its demand replaced by people building meta-protocols ontop.

ordinals and inscriptions is one such use case, sovereign rollups is another. but the buck doesn't stop there.

there's an entire EVM and zk landscape that would be more than happy to act as a buyer of last resort on bitcoin if bitcoin's blobspace is both 1) more reliable and 2) cheaper than ethereum's. the market for both these blockspaces will harmonize.

this also means that MEV is coming to bitcoin in a serious way.

maybe this fucks up the chain, maybe it doesn't. if it does, it's not any particular person's fault.

on the negative side, it means that the bitcoin ecosystem may have to adapt MEV mitigation strategies, mining pools in particular. hashrate quickly centralizes around the most MEV-savvy pool if nothing is done since they offer higher rewards per hash in an industry that lives and dies on the margin.

on the positive side, it may mean that we can put "bitcoin is going to require inflation to survive after the block subsidies are gone" behind us, which many loud critics argue is the largest problem for bitcoin.

also, if MEV is already becoming a problem via meta-protocols, then there will no longer be game theoretical arguments to avoid BIP300/301, drivechains, actual zkrollup softforks and other things aside from their own idiosyncratic and implementation-specific risks. there will likely be less resistance in supporting those softforks, as they won't introduce MEV, the MEV will already be there.

the battlefield of bitcoin has changed, and this is a direct result of segwit+taproot.

the faster you realize this and adapt to this new reality, the easier you'll have facing its challenges, and the more you will prosper from its opportunities.

good luck, folks.

[Eric Wall @ercwl]

https://t.co/kczf3mh6Vz

[Eric Wall @ercwl]

Is this real lmao

[Chetan Bhagat @chetan_bhagat]

Crypto is over.

[smolting (wassie, verse) @inversebrah]

state of hoomans

[Steven Lubka ☀️ @DzambhalaHODL]

My jaw is on the floor, this is real.

A frmr federal reserve employee and Proffesor became convinced that Hex was an innovation

The federal reserve is down astronomical

@john_at_swan

[Eric Wall @ercwl]

if you want to understand how retarded the federal reserve really is, they brought in an ex-federal reserve guy to be a critic in the richard heart documentary and after learning about it he became a hexican and teaches hex to his students in classrooms now

[Pledditor @Pledditor]

Bitcoin Magazine's investment arm was listed as one of the investors in the Taproot Wizards

@BitcoinMagazine hyped these clowns up with their media arm, while their investment arm was building/had built an undisclosed allocation. #ConflictsOfInterest #PumpAndDumpJournalism

[Eric Wall @ercwl]

udi wertheimer is like jesus

but instead of dying on the cross for your sins, you took showers for him and posted it on twitter so he could raise $7.5m

[Eric Wall @ercwl]

https://t.co/7HdiNLYQG5

[TechCrunch @TechCrunch]

Taproot Wizards raises $7.5M for its Ordinals project to bring the ‘magic’ back to Bitcoin https://t.co/5eC6KrhPqw by @jacqmelinek

[Taproot Wizards @TaprootWizards]

The support we’ve received from @standardcrypto, @__geometry__, @ColliderVC, @StarkWareLtd, @UTXOmgmt, @BTCFrontierFund, @MasterkeyVC, @Newmancapitalvc and other leading crypto investors, shows how the entire ecosystem shares this mission: it’s time to Make Bitcoin Magical Again.

[Tyler Whittle @Dr_DAO_]

At the @TaprootWizards, bald is one of our core values 🧑‍🦲

I'm thrilled that we have the OG bald investor of crypto @AlokVasudev leading our seed round to make Bitcoin magical again 🧙‍♂️🪄

But don't worry, we're just getting started 🫡

[The Block Pro Headlines @theblockupdates]

*BITCOIN ORDINALS STARTUP TAPROOT WIZARDS RAISES $7.5 MILLION IN SEED ROUND - THE BLOCK

[Eric Wall @ercwl]

to everyone asking

[Taproot Wizards @TaprootWizards]

HOLD ON TO YOUR WIZARD HATS!

Today we are announcing a $7.5M seed round, led by @standardcrypto, to Make Bitcoin Magical Again

We broke the chain, we danced on stage, we took showers

We heard about bitcoin 10 years ago. And WE’RE HERE TO FIX IT

More in the thread below 🧙‍♂️