Hendy Thee

#ethereum

[Roman Storm 🇺🇸 🌪️ @rstormsf]

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.

[Hendy Thee @hendythee]

@MikeSilagadze @ether_fi ☝🏻

[Evan Van Ness @evan_van_ness]

When Lido attempted to centralize ETH staking, the Ethereum community reacted.

ETH staking remained decentralized.

Lido is now down to 24.5% of Eth staked, plus it has improved its governance and added @Obol_Collective distributed validator staking. It's hardly a monolithic block, hence why it is colored as different shades of gray.

Bitcoin mining is highly centralized, and increasingly so.

🚨 Antpool (and its proxies colored red) and Foundry control more than 2/3 of all Bitcoin hashrate.

[Hendy Thee @hendythee]

@econoar Meanwhile, I think prioritizing BTC mining infrastructure in USA is more important than BTC ownership as it aligns the network with USA interests.

[Hendy Thee @hendythee]

@econoar To secure influence, USA should acquire (and stake) ETH as a strategic reserve due to its support for USD dominance and national assets tokenization.

[Hendy Thee @hendythee]

@matthew_sigel National assets, starting with currencies (already happening), bonds and stocks, will be tokenized creating a global, neutral investment platform accessible to all. The US is poised to lead this transformation.

[Hendy Thee @hendythee]

@matthew_sigel Sovereign nations will deploy L2 networks, and to secure influence, they will also acquire ETH for staking, leveraging ETH's decentralization, neutrality and sustainable tokenomics.

[Hendy Thee @hendythee]

@evan_van_ness @threadreaderapp unroll

[vitalik.eth @VitalikButerin]

Ethereum has gotten stronger:

* Under $0.01 txfees on L2
* Two EVM L2s (@Optimism @arbitrum) now at stage 1
* Cross-L2 wallet UX has improved a lot (eg. no more manually switching networks), though still a long way to go
* Much more powerful and mature ZK tooling making life easier for app builders
* Starting to see second-generation privacy tools (eg. @0xbowio )
* Identity/reputation/credentials ecosystem much more powerful, and starting to actually be used more and more
* Progress on STARKs leads to much clearer long-term security and decentralization story
* Much more clarity on account abstraction roadmap
* Much more clarity on block construction endgame (it seems to be down to FOCIL + APS vs multi-proposer)
* Staking decentralization stable (see comparison charts below, the "PoS is more centralized than PoW" line has proven completely false)

The fundamentals for Ethereum are actually crazy strong right now.

[Hendy Thee @hendythee]

@econoar 🫡

[Balaji @balajis]

AMERICA AND BITCOIN
A historical speech. Here is Donald Trump's full speech at the Bitcoin Conference with timestamps and transcript.

TIMESTAMPS
1:36 - Shoutouts to David Bailey, Winklevosses, Michael Saylor, Cathie Wood, Ron Paul and Rand Paul, Vivek, and the victims of the July 13 assassination attempt.

7:00 - How Bitcoin rose from an idea on an anonymous message board to the 9th most valuable asset in the world.

10:00 - America is a nation in decline, and we cannot let China dominate Bitcoin. The US must lead in tech, science, manufacturing, AI, space, and power generation.

14:50 - Bitcoin will be mined, minted, and made in the USA. If it goes to the moon, it'll get there from America.

16:20 - How the Biden/Harris administration has waged war on crypto for the last three and a half years, by choking off banking support.

22:00 - The Biden/Harris administration is against Bitcoin, because it stands for freedom, sovereignty, and independence from government coercion and control.

25:00 - The day Trump takes the oath of office, Joe Biden, Kamala Harris, and Elizabeth Warren's anti-crypto crusade will be done. He will fire Gary Gensler on day one!

27:57 - Trump commits to immediately shutting down Operation Chokepoint 2.0, and creating a Bitcoin and Crypto Presidential Advisory Council. In 100 days, fair rules written by people who want crypto to thrive.

29:28 - There will never be a CBDC. And he will defend the right to self-custody, freedom of transaction, freedom of association, and freedom of speech.

30:25 - He'll support USD stablecoins and global savings in Bitcoin. And he recognizes that the behavior of the current US government is the threat to the dollar, not Bitcoin.

35:30 - Biden/Harris has presided over the biggest inflation in the history of America.

38:30 - Inflation destroyed Weimar Germany. Bitcoiners understood inflation better than anyone else. Inflation is stealth taxation, a national disgrace.

43:30 - Make the US the lowest cost energy producer in the world, given its natural resources, and turn it into a Bitcoin mining powerhouse. Americans will not need to move to China.

44:20 - The US government has violated the cardinal rule: never sell your Bitcoin. He will stop the US government from selling its Bitcoin. This will serve as the core of the strategic national Bitcoin stockpile.

46:00 - He will commute the life sentence of Ross Ulbricht to time served.

46:26 - He commits to becoming the pro-innovation, pro-Bitcoin, and pro-tech president that America deserves. And will make America and Bitcoin stronger, richer, freer, and greater than ever before.

Full transcript in next post. 👇

[Balaji @balajis]

The flag of ETH is raised over Wall Street.

And the SEC surrenders to a more powerful regulator.

Because it is Ethereum that now provides standardized market access to all Internet participants.

The network defeats the state.

[Hendy Thee @hendythee]

@vaneck_us More like 60% eth/40% btc

[Hendy Thee @hendythee]

@maffs_Eth1 hi there! Are you willing to sell thee.eth ens? That’s my surname and I would like to acquire it if possible 😃

[Hendy Thee @hendythee]

Requesting $XDAI funds from the #Stakely Faucet on the Gnosis Chain blockchain. Request ID: QOSWKHDB #privacy https://t.co/75z5GrA8NI

[Hendy Thee @hendythee]

The rain animation💦🔥. Huge props to Alchemy!

https://t.co/SsXI9wDlAU
⬆⬆⬇⬇⬅➡⬅➡🅱🅰

[Hendy Thee @hendythee]

@unusual_whales No

[Hendy Thee @hendythee]

@Cointelegraph Bullish for btc ?

[Elon Musk @elonmusk]

@TheRealShifo The true battle is between fiat & crypto. On balance, I support the latter.