LWIIGO JOEL

[Peter Babyenda @pbabyenda]

Honoured to serve as a member of the Local Organizing Committee for the 2027 Africa Meeting of the Econometric Society, to be hosted by @Makerere from 2nd to 5th June, 2027.
@ESAfricaRegion @EPRC_official @centre4policy @MakCoBAMS

[LWIIGO JOEL @joelwiigo]

@pbabyenda @Makerere @ESAfricaRegion @EPRC_official @centre4policy @MakCoBAMS @EdBbaale @emmanuelokware_ @PATRICKKUMAKEC7 @BasalirwaJB @HenryWabyona @DeborahTusingw4 I can never regret being your student Dr. Peter

[LWIIGO JOEL @joelwiigo]

Wanted to add — still early days.

[LWIIGO JOEL @joelwiigo]

Honestly, most days it feels 90% casino, 10% freedom—am I being too cynical here?

[Reflection🪩 @0xReflection]

📂 The Complete Crypto Income Map
┃
┣ 📂 Active Trading
┃ ┣ 📂 Spot trading
┃ ┣ 📂 Swing trading
┃ ┣ 📂 Scalping
┃ ┣ 📂 Perp futures
┃ ┣ 📂 Options
┃ ┣ 📂 Funding rate farming
┃ ┣ 📂 Basis trades
┃ ┣ 📂 Triangular arbitrage
┃ ┣ 📂 CEX/DEX arbitrage
┃ ┣ 📂 Copy trading
┃ ┗ 📂 Algo/bot trading
┃
┣ 📂 Long-Term Capital
┃ ┣ 📂 Core portfolio holding
┃ ┣ 📂 Seed/private rounds
┃ ┣ 📂 Public sales (ICO/IDO/IEO)
┃ ┣ 📂 Governance token accumulation
┃ ┣ 📂 Index/basket strategies
┃ ┗ 📂 Angel investing in crypto startups
┃
┣ 📂 Yield & DeFi
┃ ┣ 📂 Staking (native + liquid)
┃ ┣ 📂 Restaking
┃ ┣ 📂 Lending/borrowing spreads
┃ ┣ 📂 LP provision
┃ ┣ 📂 Yield farming
┃ ┣ 📂 Delta-neutral vaults
┃ ┣ 📂 Stablecoin yield strategies
┃ ┗ 📂 Structured products
┃
┣ 📂 Points & Rewards Meta
┃ ┣ 📂 Airdrop farming
┃ ┣ 📂 Testnet/mainnet grinding
┃ ┣ 📂 Points programs
┃ ┣ 📂 Referral loops
┃ ┣ 📂 Node/DePIN rewards
┃ ┗ 📂 Loyalty/quest platforms
┃
┣ 📂 Attention Economy
┃ ┣ 📂 Kaito-style mindshare farming
┃ ┣ 📂 Creator campaigns
┃ ┣ 📂 Bounty boards
┃ ┣ 📂 Research-for-hire
┃ ┣ 📂 Data labeling for AI/crypto
┃ ┗ 📂 Reputation-based rewards
┃
┣ 📂 Prediction & Forecasting
┃ ┣ 📂 Sports/political markets
┃ ┣ 📂 Crypto price markets
┃ ┣ 📂 Forecasting tournaments
┃ ┣ 📂 Market-making on prediction platforms
┃ ┗ 📂 Cross-market arbitrage
┃
┣ 📂 Mining & Hardware
┃ ┣ 📂 ASIC mining
┃ ┣ 📂 GPU mining
┃ ┣ 📂 Pool vs solo
┃ ┣ 📂 Cloud mining
┃ ┗ 📂 DePIN hardware ops
┃
┣ 📂 NFTs & Digital Collectibles
┃ ┣ 📂 Flipping
┃ ┣ 📂 Minting
┃ ┣ 📂 Fractional/lending markets
┃ ┣ 📂 Royalty income
┃ ┗ 📂 Collection creation
┃
┣ 📂 GameFi
┃ ┣ 📂 Play-to-earn
┃ ┣ 📂 Asset farming/flipping
┃ ┣ 📂 Guild scholarships
┃ ┗ 📂 Tournament/esports prizes
┃
┣ 📂 Content & Personal Brand
┃ ┣ 📂 X/Twitter
┃ ┣ 📂 YouTube
┃ ┣ 📂 Newsletters
┃ ┣ 📂 Paid communities
┃ ┣ 📂 Sponsored posts
┃ ┣ 📂 Affiliate deals
┃ ┣ 📂 Ambassador roles
┃ ┗ 📂 Premium research/reports
┃
┣ 📂 Freelance & Services
┃ ┣ 📂 Smart contract dev
┃ ┣ 📂 Audits/security
┃ ┣ 📂 Growth/marketing
┃ ┣ 📂 Community management
┃ ┣ 📂 Design & video editing
┃ ┣ 📂 BD & sales
┃ ┗ 📂 Support/moderation
┃
┣ 📂 Building
┃ ┣ 📂 dApps & protocols
┃ ┣ 📂 Trading/analytics tools
┃ ┣ 📂 Bots
┃ ┣ 📂 Wallets & infra
┃ ┣ 📂 AI × crypto tooling
┃ ┗ 📂 Crypto SaaS
┃
┣ 📂 DAOs
┃ ┣ 📂 Contributor roles
┃ ┣ 📂 Governance participation
┃ ┣ 📂 Bounty completion
┃ ┗ 📂 Ambassador/mod programs
┃
┣ 📂 Referrals & Affiliates
┃ ┣ 📂 Exchange referrals
┃ ┣ 📂 Platform affiliate programs
┃ ┣ 📂 Wallet/app referrals
┃ ┗ 📂 Creator referral deals
┃
┗ 📂 Infrastructure Ops
┣ 📂 Validators
┣ 📂 RPC/archival nodes
┣ 📂 Indexers & oracles
┣ 📂 Storage/bandwidth/compute providers
┗ 📂 Sequencers & relayers

[Ash Crypto @AshCrypto]

The biggest crypto bull run is coming.

Countries will be buying Bitcoin.

Institutions will be going all in.

Bitcoin will capture the same attention AI stocks did.

Trillions will flow into crypto.

You’re not prepared for what happens when the CLARITY Act becomes law.

[Ted @TedPillows]

If you could buy and hold just one coin for 20 years, which one would you choose?

$BTC
$ETH
$SOL
$XRP
$DOGE
$HYPE
$ZEC
$TAO
$SUI
$LINK

[Cointelegraph @Cointelegraph]

⚡ QUESTION: Do you think $BTC can hit $100,000 before 2027?

[Watcher.Guru @WatcherGuru]

JUST IN: Ethereum to let users pay transaction fees with stablecoins instead of $ETH in 2027.

[vitalik.eth @VitalikButerin]

One positive consequence of all the recent detailed thinking about transaction formats - not just 8141, also "future of state" discussions eg. UTXOs, PBT, keyed nonces, and also recursive STARK mempool - is that we have a much more explicit understanding of how transactions have "actions" and "dependencies", and we can engineer around optimizing the two separately.

An action is an effect that a transaction has.

A dependency is a fact about the transaction and/or the state that must be true for the transaction to be valid.

eg. a signature is a dependency, a Merkle proof of a UTXO is a dependency, a ZK-SNARK (or STARK) is a dependency, a call that sends ETH is an action

Dependencies can be processed in parallel. Dependencies that involve state can be reasoned about by a mempool, especially if the specific state accessed is statically declared. Dependencies that are pure (no state calling allowed) can be processed once at the mempool layer and never need to be processed again - and potentially even replaced with a STARK verifying them, allowing not just execution but also data to be elided.

In principle, dependencies and actions can all be expressed as calls (if needed, calls to precompiles). This would make the transaction format itself very bare-bones and minimalist (a list of calls, flags for the type of each call eg. dependencies would be static or pure calls, and origin, nonce, etc) and allows maximum cross-compatibility even if different EVM chains have different features.

In 2015-era Ethereum, thinking explicitly about these differences was not very important: execution was execution, there were few enough transactions that we could process them all serially, and single-key ECDSA accounts were good enough for everyone.

Ethereum's current scaling strategy, however, requires moving beyond that paradigm. Ethereum is beloved by many developers because the execution and state model is so dynamic and flexible. But dynamic and flexible is not friendly to scaling. Fortunately, >90% of Ethereum's activity by volume does not require anything dynamic and flexible. So, we require contracts, accounts and transactions to more explicitly specify what is dynamic and flexible and what is more statically-analyzable but more restrictive, and more statically-analyzable things get the lowest gas cost and thus scale the most. Effectively, learning from the best of both the 2015-era Ethereum model and a more Bitcoin-like model (reminder: Bitcoin has had what I call account abstraction since the beginning), and making a mixture of both (really, the full spectrum between both) available, with gas costs appropriate for the level of scale involved.

New state types, the recursive STARK mempool, keyed nonces, etc all go in this direction.

This all relates to transaction types, because a general-purpose transaction type is a very natural interface layer on top of which all of this can be implemented, and the current thinking around the EIP-8141 transaction type is going in this exact direction that is friendly to these kinds of future generalizations.

So in that sense, 8141 done well is not just a culmination of 10 years of account abstraction work, it's also preparation for the next few years of responsible decentralization-friendly hyper-scaling.

[vitalik.eth @VitalikButerin]

The best way to build an L2 is to lean into the L1's offerings (security, censorship resistance, proofs, data avail...) more, and reduce your logic to just being a sequencer and a prover (if based, just a prover) over the core execution.

This is the combination of trust minimization and efficiency that the 2010s enterprise blockchain crew wanted, but was never able to achieve. Now, with Ethereum L2s, you can achieve it. And we've already seen successful examples of the L1's features protecting users' rights if something on the L2 goes wrong.

[fxyo @kingfxyo]

i am begging you, PLEASE make a genuinely high quality game that incorporates crypto.

not a token with a game duct taped to it. not another idle clicker. not some shit i play for 4 days because there’s an airdrop.

give me a game i actually WANT to waste 6 hours a day on.

give me insanely rare items to hunt. real progression. difficult grinds. player trading. an actual economy. items that people give a shit about owning.

then build aggressive burn mechanics into everything.

crafting burns items. upgrading burns items. rerolling stats burns items. entering certain areas burns resources. repairing gear burns resources. prestige burns shit. make the economy constantly consume what players are producing instead of infinitely inflating until everything is worthless.

i want to log in every morning wondering if today is the day i find some 1/1000 piece of shit that makes me lose my mind.

crypto should make the game MORE interesting, not be the entire reason the game exists.

is WEB3 gaming really too much to ask for?

[LWIIGO JOEL @joelwiigo]

the scariest part is realizing most "alpha" is just noticing what game everyone else thinks they're playing — what's your favorite example?

[LWIIGO JOEL @joelwiigo]

@cryptorover Honestly curious—what's your framework for calling those floors? Is it on-chain data, macro liquidity, or just gut from past cycles?

[Tomi @tomiwebstr]

I never understood the NFT era, was everyone just under mass psychosis or what?

[CEX.IO @cex_io]

📐 Discover how Decentralized Finance (#DeFi) is reshaping the world of crypto!

From Bitcoin's roots to today's financial systems, learn what makes DeFi unique & how to access it securely with CEX•IO.

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[Senator Cynthia Lummis @SenLummis]

This updated Clarity Act text reflects bipartisan hard work over August—specifying when decentralized-in-name-only DeFi protocols must register with the CFTC and limiting the DeFi provisions to spot and cash transactions, in response to Native American concerns about prediction markets. Overall, this text contains over 100 changes requested by Democrats. Let’s get this done!

https://t.co/7kDNvcDpF8

[vitalik.eth @VitalikButerin]

Some of my perspective on where the @ethereumfndn is going.

First of all, this is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not. @aerugoettinea is the one executing much of this transition. My input has been largely on technical questions. The board is in the process of expanding, and my own power within the org will continue to decrease, which is honestly what I want.

The 2025 era brought many important improvements to EF and its ability to execute. Many issues were resolved, and EF continues to benefit from its improved efficiency and greater focus on concrete goals to this day. And so with those problems resolved, early this year, the largest remaining hole that I perceived was something different nagging at me: I would regularly spot people saying things like "vitalik says these beautiful things about ethereum needing to be decentralized, and have privacy, and be a sanctuary technology, but why do the EF's actions not reflect that?"

Now, you may have been hearing something different. You may not have been sensing a feeling of crisis at all, and maybe were hearing people saying that finally we were taking execution and BD seriously and the main task for us is to keep going that way and be even better and faster. Then probably there is genuine difference between you and me, in what kinds of criticism I take most seriously, and what kinds of critics through their criticism are most able to make me feel pain.

As an analogy, let's briefly switch over to a different domain.

One belief you can have about Google is that it is a success story, and has brought a lot of good to humanity in organizing the world's information. Another belief you can have about Google is that they had a beautiful idealistic beginning, but at some point the corruption of mainstream corporate attitudes seeped in, and they slowly bit by bit completely abandoned the "don't be evil" slogan.

My belief on Google specifically is probably somewhere between the two. BUT, if you had taken me back in time to ~2008, and offered me a button to press to make Google one or two standard deviations more "dogmatic", eg. give Richard Stallman permanent veto power over some key policies, I would immediately press it.

Why? Because a choice for one company is not a choice for the world, or even one country. Google existed and exists in the context of a technology industry generally drifting away from early idealistic don't-be-evil roots and toward greed for financial gain, totalizing visions of accelerated superintelligence, infiltration by sociopaths, and craven capitulation to (or worse, active participation in) government pressure for ideological control, surveillance and war. And so *one company* doing something different, positioning itself to be what George Bernard Shaw calls the Unreasonable Man, resisting the trend of the times, would have been better for freedom, balance of power and stability of society as a whole, than *all* large companies bending to dominant trends. This is a part of my version of pluralism.

This line of thinking is not just mine, but I also is not too far off from what Aya and others had in mind with the Mandate.

Now how does this all get to the role of the EF?

EF is not a "center of Ethereum", rather EF is "one node, with a defined purpose, alongside other nodes". We've always said that the EF should be the latter, but many in the Ethereum ecosystem (and even within the EF) wanted us to be the former. Now, we are taking action to ensure that we will be the latter.

This is particularly important because EF is a limited organization, with limited resources and limited organizational capacity. The EF has only ~0.16% of all ETH (less than many other individual ETH holders), whereas among other blockchains it's common for "the central foundation" to have 10-50%. Fiscally, the EF was originally designed to fulfill a limited work scope defined in the token sale docs and other pre-launch materials (building the chain software; getting through Frontier, Homestead, Metropolis, Serenity), which was fully completed in 2022; it was not designed to be an eternal steward.

And so today, the EF is choosing to use its remaining resources to pursue longevity over breadth (yes, this means we sell less ETH). The EF focuses *specifically* on those activities critical to the success of ethereum as a censorship/capture-resistant, open, private and secure system, that would not happen otherwise. This means making hard choices, and in some cases even activities that we highly approve of and people that we highly respect becoming outside of the EF. People of great technical talent, public respect and even alignment with the mission and CROPS being outside of the EF is in fact necessary if we want important tasks to be able to attract outside capital. This also means the EF taking opinionated stands culturally.

This is all intended in cooperation with all other parts of ethereum. We recognize that many other parts of the ethereum world highly respect CROPS and related values. But highly respecting is not the same as choosing to specialize and totally dedicate to a domain (Compare in a different domain: I think reducing animal cruelty is important, and I like vegan food, but am not full unconditional vegan myself)

EF is still in a transition period, and we expect its new long-term form to stabilize over the next few months. What are the guiding principles of this new form? Again, I am only one person, but I can give my answer from a technical perspective (there are also critical non-technical aspects).

At the core, *Ethereum must be impressive*. We are living in an age of highly intelligent AI and all kinds of other technological acceleration. "Status quo EVM, with a hard fork or two a year to optimize for short-term needs of users" is not interesting.

To some, "impressive" means: 250ms latency and 1M TPS. I think Ethereum trying to go that route is a mistake. Being as fast and as scalable as possible, and only a small epsilon more decentralized than the others, is a route to mediocrity, and if we try it we will lose.

I think Ethereum should scale. But I think Ethereum should strive the hardest to be deeply impressive in a different dimension: the CROPS dimension. This means things like:

* Provably bug-free Ethereum. This is a goal that all cybersecurity researchers would have thought is absurd and impossible, up until roughly 6 months ago. Now, it's on the cusp of being possible, thanks to AI-assisted formal verification. So we should be frontrunners in doing this.

* Available chain consensus. Ethereum is, and with lean consensus will cotninue to be, the ONLY chain that has both (i) traditional-BFT style properties that it's safe under asynchrony up to a high level of fault tolerance, and (ii) the bitcoin PoW-style property that under synchrony it's safe up to 49% attackers. As far as I can tell, literally no other chain has this or is planning for it; bitcoin goes for (ii) only and most other chains go for (i) only. Some will remember I fought hard for this, Unreasonably insisting that it is not OK for ethereum to rely on social consensus and hard forks to rescue ethereum from 34% of nodes going offline. It's OK for chains like hyperledger, bnb, solana, tempo, etc. It's not OK for bitcoin or ethereum or eg. zcash.

* Intermediary minimization. The fact that smart contract wallets, protocols like railgun, etc have to send transactions through intermediaries to get included onchain is honestly embarrassing, and it's a constant point of fragility. Hence the work on FOCIL and EIP-8141 (and 7701 and years of work before) to make transaction sending intermediary-minimized with public mempool and strong inclusion properties, in a truly general-purpose way, that covers not just eg. secp256r1, but also privacy protocols and much more. Kohaku is pushing intermediary minimization at the user layer, pulling Ethereum away from the dystopian status quo world where our wallets don't even verify the chain, send our private data out to a dozen third-party servers, and toward a brighter CROPS future.

Some of these goals are Unreasonable - maybe Ethereum would be "fine" getting only 50% of the way - what if we depend on intermediaries, but make it easy to switch? But going 50% of the way would not make Ethereum Deeply Impressive in the CROPS way. So we push for 100%.

Fortunately all these goals are compatible with high TPS, this is a major focus of research (esp. on scaling the state). Well-designed L2s can also help, especially L2s optimized for specific applications (eg. high-volume trading, privacy...). These goals are even compatible with significantly lower slot times, thanks to Raul's work on erasure-coded P2P, and many other optimizations.

The most high-value "product" of the ethereum blockchain, financially speaking, is ETH the asset. Ethereum secures $250 billion of ETH. The types of properties of Ethereum that I mentioned above are very good for ETH the asset. Nearly 90% of my net worth is in ETH, and most of the remainder is ~$40m of onchain fiat of which every dollar has already been allocated for some open-source biotech or software or hardware initiative. That said, there are aspects of supporting ETH the asset - *necessary* aspects even - that are outside the scope of the EF. This is where we need other heroes (some of whom hold more ETH than the EF does) to step in and help. EF has been recently thinking more about how it will relate to other such organizations, and give them needed initial support.

EF will be a smaller ship than in previous years, a more opinionated one - in some cases more opinionated in ways that might be difficult to comprehend - but a longer-lasting one, and one suited to making sure that ethereum brings something meaningful to the world. We are grateful to all those inside and outside the EF who are helping to make this happen.

[LWIIGO JOEL @joelwiigo]

Wanted to add — still early days.

[LWIIGO JOEL @joelwiigo]

Weird how "urgency" is the one red flag that works on smart people too—what's the dumbest scam you almost fell for?