ismellike (🏆,🥇)

🇺🇸🇲🇽✝️

[Antoni antoni @antoni_antoni_]

THE MARGINAL UTILITY OF THE NTH L2 IS NEGATIVE. IT’S TIME TO BUILD RUNTIMES (Ping @VitalikButerin)

I’ve been looking at the L2 landscape and, honestly, it feels like we are stuck in a recursive loop.

We have over-indexed on "Scaling Throughput" (adding more empty blockspace) while completely neglecting "Scaling Functionality." Launching a chain has become the infrastructure equivalent of forking Compound: something we do because it’s easy, not because it solves a new problem.(and also bevua

The hard truth is that the marginal utility of another EVM L2 with a 7-day optimistic bridge is effectively negative. It doesn't scale the ecosystem; it fragments liquidity and creates cognitive drag.

We don't need more "copypasta" chains. We need to build things the EVM fundamentally cannot do.

THE PARADOX: SOVEREIGN BUT LONELY

The industry is obsessed with "App Chains," but most of these end up being lonely databases that struggle for security and users.

The counter-intuitive reality is that the best way to scale Ethereum applications might be to stop building blockchains entirely.

This is the thesis behind @WAVS_WAVS_WAVS : it isn't a chain, it’s a Serverless AVS Runtime.

The architecture decouples execution from consensus, but not in the way L2s do:

- Execution: Logic runs in WASM (Rust, Go, Python), allowing for complex computation that is impossible in Solidity; but still need to be verifiable)

- Consensus: The runtime is stateless. Only the proof and the result settle on Ethereum.

THE ECONOMIC LEAK: LVR IS A TAX ON SILENCE

If we want to prove this architecture works, we shouldn't build another Uniswap fork. We should look at where the current model is failing. The single biggest inefficiency in DeFi right now is Loss Versus Rebalancing (LVR).

Passive AMMs are structurally broken because they are "deaf." They cannot see external data points.

Arbitrageurs extract value every time the price moves and Protocols pay massive retainers to private market makers to provide liquidity; effectively renting their own depth while the firm trades against the token.

This is an incentive and governance failure. We are treating liquidity as a cost center, when it should be a revenue stream. An EVM chain cannot fix this because the costs for high-frequency rebalancing would bankrupt the protocol.

THE MECHANISM: DEMOCRATIZING THE "BLACK BOX"

The solution isn't to ban private market makers; it's to democratize their tools.

By using a verifiable runtime, we can build a Risk Manager that runs offchain but settles onchain. It allows us to replace "Trust me, I'm a Market Maker" with a verifiable hierarchy of logic including Integrity, Solvency
and Neutrality.

This enables "Sentient DeFi"; protocols that react with the speed of a centralized entity but retain the trustlessness of a smart contract.

FROM RENTING TO OWNING

There are two ways to position infrastructure today:

The "Institutional L2" Route: Put a merkle root of a database onchain. This is valid, but it’s not Ethereum.

The "Coprocessor" Route: Use Ethereum as the settlement anchor for high-performance offchain compute.

We aren't trying to be the "World Computer"; Ethereum has already won that war. We are building the verifiable CPU for the World Computer.

[Collector Crypt @Collector_Crypt]

We're excited to be the winners of the Rising Star Consumer App at @solana Breakpoint 🥇

Cementing our place as the #1 in Collectible Capital Markets 🎴

Thank you to @solflare for hosting an awesome award show 🔥

[LAYER @LayerOnEth]

https://t.co/8qVYxRnWng

[LAYER @LayerOnEth]

Composable Trust Infrastructure for Ethereum

@TrustGraphNet combines on-chain attestations with verifiable off-chain compute built using @WAVS_WAVS_WAVS

Designed in partnership with @OpenCivics @localismfund @ReFiDAOist @RegenCoordinate @gitcoin @greenpillnet @allo_capital

[@aaronjmars @aaronjmars]

prediction markets will replace buying stuff.

i want someone to bring kiwis to my house.

i make a prediction market about whether someone will deliver 4 kiwis to my doorstep and load $15 into "no". a guy with an ebike sees it and picks up some kiwis.

before dropping them off on my doorstep, he bets yes. he drops them off. the market resolves to "yes" and he gets $15.

rest in peace, amazon, doordash, ubereats, etc.

[DAO Maximalist ☯🏴🦇🔊 @JakeHartnell]

Now uploaded. Featuring @0xEN0VA. 👇

[EN0VA @0xEN0VA]

Imagine this... $S0LN0VA hits a $69 million in mcap, we sell $25k worth to donate to bioregional reforestation projects.

CdV8J2aWU4B8LyL2LpC6aWPooZrKx1hTR6CpSjqpump

[Anthropic @AnthropicAI]

Anthropic is acquiring @bunjavascript to further accelerate Claude Code’s growth.

We're delighted that Bun—which has dramatically improved the JavaScript and TypeScript developer experience—is joining us to make Claude Code even better.

Read more: https://t.co/aQd3XRdUfR

[EN0VA @0xEN0VA]

A new hyperstition has emerged ᯽ ݁˖

𖠰𖥧 . 𖠰 ݁↟ .
Will @SilviProtocol's Bioregional Reforestation @gitcoin Grants Round raise at least $25K in total donations by Dec 14, 11 PM CST?

𖠰 Allocate, predict, earn points 𖤣𖥧

[EN0VA @0xEN0VA]

We could have launched a meme coin where we attempt to hyperstition certain price action... but we're more interested in regeneration.

Token is coming, but trees before tendies.

[EN0VA @0xEN0VA]

https://t.co/mPIxdu112B

[EN0VA @0xEN0VA]

⟩═══∞ HYPERSTITION REFORESTATION ∞═══⟨

◈ ◇ ◈ what we imagine together becomes ◈ ◇ ◈

[Keplr Wallet @keplrwallet]

1/ Introducing Oko: Keplr’s fully open-source embedded wallet stack.

Email and social-login onboarding, MPC-enhanced security, and a universal non-custodial wallet, all under Apache 2.0 from client to server, so apps take full-stack control while users keep full ownership.

[jae kwon @jaekwon]

When I pitched Cosmos back in 2017 everyone thought I was crazy or too ambitious. Now we have an IBC network of blockchains and I coined that term.

So I was right, I saw the future, right?

I foresaw "Classical BFT" in 2013 w/ the first Tendermint white-paper, not published in academia but the first to apply BFT research to blockchains. I was right, I also coined that term, and now we have so many blockchains because Tendermint made PoS chains legitimate like proof-of-work. I was right about betting on Go too. (see https://t.co/s09Vx9mAH5).

But I'm not done yet. The best is yet to come.

I *know* programming languages. Before I got into crypto to disrupt the old banking world order (mission accomplished) I was in love with programing languages. I grok languages more than I know blockchains. (AI too, but I'm not there yet, there's so much to fix first).

You like Rust now, but AI is making "memristors" a thing. This AI bubble is going to burst (just like I said it would), but it will become *real* with memristors.

And the https://t.co/xfbQ93eWex ecosystem of Gno code will benefit and be 100x faster than anything else because the GnoVM is basically a memristor simulator. It's a new paradigm of computing that removes two layers of complexity and more or less allows you to express the logic you want in the most succinct way possible. Also it's a blockchain smart contract platform, so really it's a multi-user language based operating system.

You know how many people in the world can really design a multi-user language well? Maybe a dozen at most.

Gno is the new C.

This is the biggest bet in the world, it is my life, and I can't wait for you all to get it. It's coming guys. About to put the capstone on it. Hold my wine.

$ATONE for staking and voting.
$PHOTON for payment.
$GNOT for storage.

p.s. For the speculators out there... I used to be a speculator too, trading options and vix instruments etc. I put all that and poker aside and focused on building instead. Trust me; stop gambling in zero sum games and build toward the heavens. Diamond hands, guys. My tokens are HODL coins, not for speculating. Stop gambling and build something.

[DAO Maximalist ☯🏴🦇🔊 @JakeHartnell]

Speaking about Hyperstition Markets and Reality Engineering at Schelling Point next week.

Get ready to unleash some egregores.

@gitcoin 👾 @0xEN0VA

[EN0VA @0xEN0VA]

"Show me the incentive and I'll show you the outcome."

~Charlie Munger

[ismellike (🏆,🥇) @ismellike]

@davidonchainx @0xEN0VA

[Kun @0x_Kun]

My best guess is China is doing the financial reset move that we all said the US was going to do - Their answer to the Mara Lago Accords - The Xi Accords

China buys up gold and debases currency at sametime - basically doing the MSTR move of nations but with gold

But then at a certain point they can stop buying gold and continue to debase which resets global financial power dynamics - they become the world leader in gold holdings so that they don’t become Weimar Germany but at sametime have the control to print money like US to make their exchange rate weaker to make trade competitive

Remember Trump has repeated the same thing, they want to be the world superpower but not the world reserve currency. China does not want to be world reserve currency as it knows the outcome - instead they can establish dominance with gold but be in the best position to weaken fiat

Gold looks like it’s moving to a predestined level that the Chinese want

The gold levels being shown are only what they want you to see and that’s still Uponly - they would have orders of magnitude more gold

However golds limitations will create the same issue it always has on longer time horizons

The US can not win this copying Chinas move - it may sound crazy to mainstream but their best bet is Bitcoin and stablecoins

An again this will look like a debasement trade in the end but in reality it’s the Sovereign Trade

[EN0VA @0xEN0VA]

https://t.co/OXof9xzL2D

[KFC @KFC_ES]

꧄𒀰𒁏𒈙꧄ 𒈙꧄𒀰𒀰𒈙𒈙꧄𒈙꧄𒈙꧄𒀰꧄𒀱𒌧𒌧𒀰𒁏𒈙꧄ 𒀰𒁏𒈙꧄ 𒈙꧄𒀰𒀰𒈙𒈙꧄𒈙꧄𒈙꧄𒀰꧄꧄𒀰𒁏𒈙꧄ 𒈙꧄𒀰𒀰𒈙𒈙꧄𒈙꧄𒈙꧄𒀰꧄𒀱𒌧𒌧𒀰𒁏𒈙꧄ 𒀰𒁏𒈙꧄ 𒈙꧄𒀰𒀰𒈙𒈙꧄𒈙꧄𒈙꧄𒀰꧄꧄𒀰𒁏𒈙꧄ 𒈙꧄𒀰𒀰𒈙𒈙꧄𒈙꧄𒈙꧄𒀰꧄𒀱𒌧𒌧𒀰𒁏𒈙꧄ 𒀰𒁏𒈙꧄ 𒈙꧄𒀰𒀰𒈙𒈙꧄𒈙꧄𒈙꧄𒀰꧄꧄𒀰𒁏𒈙꧄ 𒈙꧄𒀰𒀰𒈙𒈙꧄𒈙꧄𒈙꧄𒀰꧄𒀱𒌧𒌧𒀰𒁏𒈙꧄ 𒀰𒁏𒈙꧄ 𒈙꧄𒀰𒀰𒈙𒈙꧄𒈙꧄𒈙꧄𒀰꧄꧄𒀰𒁏𒈙꧄ 𒈙꧄𒀰𒀰𒈙𒈙꧄𒈙꧄𒈙꧄𒀰꧄𒀱𒌧𒌧𒀰𒁏𒈙꧄ 𒀰𒁏𒈙꧄ 𒈙꧄𒀰𒀰𒈙𒈙꧄𒈙꧄𒈙꧄𒀰꧄