harpocryptes 🦇🔊

[harpocryptes 🦇🔊 @harpocryptes]

@TrustlessState @RyanSAdams > supply cap

The mechanism that guarantees its security budgets goes to 0? (fees are tiny and not growing)

21M is a great meme but math is math and reality catches up eventually

https://t.co/gckb4IOw8N

But you've been in this space long so you must know that already

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@_prestwich Why do you *need* upgrade keys? Cannot you make the bridge immutable, and if a new bridge is needed, you can deploy a new (immutable) one at a different address?

[Rocket Pool @Rocket_Pool]

$rETH is the only major LST trading at a price premium on secondary markets

Only Rocket Pool ensures full backing by staking deposits, plus additional node operator ETH bonds on top

Fully permissionless and maximally decentralised, rETH is Ethereum's overcollateralised LST

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@LucasKozinski What changes do you propose?

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@austingriffith Where can I learn more about the "developper games" you mention?

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@cautionfun_ @materkel Plenty of companies and projects want it.

https://t.co/Y66ooieh4I

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@KumaCapxbt @UltraSM1559 @RyanSAdams Your mention of the foundation tells me you are not serious. They are selling nowhere near the size that would significantly affect the price.

[harpocryptes 🦇🔊 @harpocryptes]

@ryanberckmans I was impressed how articulately you made the case for Ethereum. Well done!

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@potuz_eth @peter_szilagyi Note than this is a 4 year old post. Do you know what happened afterwards?"

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@ViktorBunin @GwartyGwart @jessepollak https://t.co/EwQvvl1OJX

[jesse.base.eth @jessepollak]

Some more thoughts on this after the weekend:

1. Purity tests like “do you hold all the ETH you earn” are a distraction and hurt Ethereum. Overfixating on virtue signaling like this distracts us from the real work, which is building products that people love and creating sustainable economies that enable more people to do the same thing.
2. Base's goal is to bring the world onchain. We believe the best way to do that is to build a sustainable economic engine that can fund that global growth. And we believe we need more businesses built onchain that can do the same.
3. For us, this means finding ways to generate revenue, then taking the money we earn and reinvesting it in growth — salaries, grants, acquisitions, infrastructure, dedicating ~15% of revenue to public goods funding via @Optimism, one-offs like sponsoring the audit of solady, and much much more. Our #1 priority is building a great product and vibrant economy and we will invest everything we can to make that happen. Spending money on growth is good and should be celebrated!
4. At the same time, we also think it's valuable to hold ETH (we hold over 100K) to reinforce its role as a store of value and share in the upside we are creating in building on Ethereum — but this is a privilege we earn through our ability to deliver value. And it’s not a “solution” people should fixate on, it’s an end state that ETH the asset earns by being useful and productive.
5. We recognize that all of this isn’t transparent as it could be — our quarterly reporting is built around the structures of a public US company. But as Base is increasingly decentralized as a global onchain economy, we are working hard to move more of our operations onchain (vendors, contractors, etc.) so they can be immediately visible, rather than on the quarterly cadence that the offchain world operates on.

Stay based, keep building.

[harpocryptes 🦇🔊 @harpocryptes]

@DPGSpurs @dcinvestor @jimpeiko "BTC has no inflation" is a wild take when each block issues new BTC (0.83% annual inflation rate).

[harpocryptes 🦇🔊 @harpocryptes]

@TimBeiko @0xTycoon @TardFiWhale Instead of freezing the receiving address, you could not increase its balance. That could work for ETH, but then there's erc20 tokens, defi, etc. It's an endless cat and mouse game.

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@0xOptimus @hasufl Because FTX was insolvent and went bankrupt.

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@ercwl @Bybit_Official Page 112, I believe.

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@SSJ2_Spartan @austincampbell @Bybit_Official I think we already have some evidence that the security measures were, in fact, not effective.

[harpocryptes 🦇🔊 @harpocryptes]

@TrustlessState Was it real when @bankless reported it last November?

https://t.co/olWTxjBpRd

[Bankless @Bankless]

UPDATE: US court strikes down sanctions on Tornado Cash smart contracts

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@TrustlessState Wasn't this decided last year already? What's the news now?

https://t.co/JvrEokK1AR

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@Cointelegraph Wasn't this decided last year already? What's the news now?

https://t.co/JvrEokK1AR

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@ConfuEth @dcinvestor > It is extremely difficult to get into coinbase

Unless you're a 1 day old memecoin with 80% allocated to insiders 😉

[harpocryptes 🦇🔊 @harpocryptes]

@joranhonig Which code contests do you recommend? Or a good source with a list and/or announcements.