Announcing EthView! A dashboard for your #DeFi activity, that you can view any time, anywhere, without needing a web3 broswer or wallet. No need to break out the cold storage! The application is fully client-side, powered by @infura_io, @ethplorer API, and the DeFi ecosystem.
@mitsuhiko Twitter goes through the same cycle every model release - AGI is officially here, this will end all knowledge work, here's "insane" thing I one-shot to: I'm going back to the previous model, it's good at some stuff and not others and is still an LLM, knowledge work survives
There’s trading, and there’s long term investing. It would be hard (read: impossible) to justify that ZEC has anywhere near the fundamental profile of ETH. If he’s a trader now, cool. He built a career acting like a fundamental investor, though. But hey, there’s always some other chart that will be better than ETH. More power to ya, just try not to blow up
my take is that:
1) issuance is already very, very low for ETH. lower than BTC, lower than almost every other blockchain, and lower than the supply of new gold added to the market every year
2) issuance is not a primary driver of ETH price at these already low levels. demand to hold ETH as a speculative SoV and use ETH for exchange and productive purposes drives ETH price. and like it or not, staking yield has become a key factor for why people choose to buy and (crucially) hold ETH
3) consistency and predictability in ETH's issuance policy is more important to creating market confidence around ETH (and by extension, Ethereum) than perfectly optimizing issuance
4) solo/small stakers shouldn't be allowed to be priced out of the market, because if shit really ever hits the fan, you're going to need them
5) we should focus on scaling Ethereum as a network, drive much more use to the network, charge appropriate fees to use it, and allow fee burn to continue to offset some amount of the already low issuance
i think people are being way too hard on Coinbase and on Jesse. they tried to do something, were successful in building adoption, but made a few missteps in focusing on the wrong kinds of apps at the wrong time. reading it now is jarring because that level of candor and self-reflection on such mistakes is so rare in this space
there is frankly no one who has been in this space for more than a couple of years who hasn't had an earnest vision about the wrong thing in the past
however, there is an opportunity for @RobinhoodApp@RobinhoodCrypto@vladtenev to learn from these missteps:
- say "Ethereum"- frequently and often, at the CEO-level. expand the public brand of "crypto" beyond Bitcoin. don't equivocate and don't try to hide it
- not all "crypto" is created equal. what is being built now MUST be credibly neutral and globally accepted. Robinhood (and Coinbase) will both "win" even bigger when global settlement moves onchain in general (even if it's not onto their specific chains, but onto Ethereum where it could become interoperable with their chains)
- fully embrace the value of access to decentralized, programmable collateral as your core value proposition, alongside your RWAs, and use it as a way to drive the value of your own platform
- actively support native DeFi and payments apps to achieve your goals. build a thriving, diverse ecosystem, not an app
- let everything else that's going to happen happen, but you don't need to explicitly promote it (i.e., memes)