JUST IN: Winner of a jet from MrBeast allegedly arrested in Paraguay for drug trafficking, after authorities allegedly found 577 pounds of cannabis aboard plane linked to him.
let's continue the technical insight posting today and i continue with something people still don't get: PoS or PoW (or DAGs) are NOT consensus protocols by themselves. they're _Sybil resistance mechanisms_ & block author selectors. it's this Sybil resistance mechanism combined with a chain selection rule (fork choice) that makes up a consensus mechanism. Ethereum currently runs _Gasper_: a consensus mechanism combining Casper FFG (finality gadget) with LMD-GHOST (fork choice rule), on top of PoS as the Sybil resistance mechanism & block author selector.
some good references:
- Casper: https://t.co/NnGFo5mcJb
- Gasper: https://t.co/awA6xREMd0
- https://t.co/PnSGHRiyfx
- https://t.co/qJfne7pPUL
Ethereum has been winning, is winning, and has never lost.
The most-used subprotocol or subchain by actual users is EVM-based. Every major wallet either supports ETH natively or is built entirely on EVM architecture.
Every chain that tried to compete failed to attract meaningful developer adoption. Algorand, Tezos, Polkadot - none crossed the threshold. Most “ETH killers” eventually found a single niche and settled: NEAR became a solid intent-based bridge layer, TRON became a USDT wallet. That’s not winning, that’s narrowing.
Cheap L2s never retained long-term users either. The pattern is always the same: airdrop announcement, usage spike, MEV bots flood in because gas is cheap, then silence. Base is a clean example of that cycle.
Ethereum sets the vision. Every fork and new proposal chases the EIP backlog because the entire infrastructure stack - Etherscan, Infura, Alchemy, Blockscout - standardized on EVM. Deviate from that standard and you’re on your own. That’s why deploying a forked contract to TRON is a nightmare, why Optimism shipped multiple broken hard forks chasing weird gas estimation edge cases, and why dapp developers refuse to write chains of if/else blocks just to handle behavioral differences across 10+ forked EVMs.
No one wants that complexity in their JavaScript. No wallet team wants to maintain it either.
Conform to EVM or get left behind. Ethereum didn’t enforce that rule - the ecosystem did.
I usually refrain from commenting on the current thing of the day because it’s almost always rage bait. But since everyone seems to be saying they’re bearish on the direction of the EF, I’ll say the opposite, I’ve truly never been more bullish. There is now a very clear direction
The Ethereum Foundation is doubling down on what it uniquely should be doing: making the entire Ethereum experience, from the protocol to wallets to middleware to apps, maximally self-sovereign, private, secure, resilient, and easy to use
The cypherpunk vision is building systems that can’t be evil, not just today, but decades from now when incentives, leadership, and the world itself have changed. What makes Ethereum unique is that it’s still actually trying to fulfill that original vision, building a global consensus system with the properties the original cypherpunks would have wanted. And the EF is here to help defend and strengthen that path
That also means positioning Ethereum where it actually belongs, alongside the broader open source and freedom tech movement. The truth is, a lot of that world doesn’t like us right now and I get it. We have to prove over time that Ethereum belongs there. That means actively rejecting the negative-sum, extractive parts of this industry and doubling down on building positive-sum apps that makes people freer
Yes, organizational shifts are messy. New leadership, clearer direction, some pain in the short term. But in the long term, this is exactly what the Ethereum Foundation should be. There’s a lot of hard work ahead. I’m excited for it
Milady
Ethereum’s missing component at this point is some form of native privacy.
ETH’s utility value would literally jump over night.
I feel like privacy is the type of feature that can give an asset true “moneyness” qualities.
L1 privacy could also drive a surge in mainnet fees.