Michael DePetrillo

Architect @ 4 Startups in FinTech/Software Dev/SEO, Digital Nomad 👣, Mastering Ethereum 🇪🇹 , Typescript 🧙, Blockchain 🔮, being a present Nerd ☮️.

[Michael DePetrillo @klassicd]

@BoringBiz_ So why don’t we block VCs from private markets and force them to buy index funds? It’s better for them anyway, right?

[Brian Armstrong @brian_armstrong]

I think it’s time to revisit the accredited investor laws in the US.

Companies are staying private longer, where only accredited investors (aka rich people!) can invest. Retail investors can only come in after IPO, when much of the upside has already been captured.

These rules were created with the best of intentions, to protect regular people from scams - a noble idea. Unfortunately, in practice they've often made it illegal to get richer, unless you're already rich. A regressive tax!

We have to judge policies based on their outcomes, not on their intentions.

These are two possible routes I see:

1) Replace the rule with something merit-based, like a financial literacy test. Pass it and you're accredited. Having a qualification based on competency rather than your bank balance or income seems far more fair.

2) Remove the rule entirely. Let consenting adults assess their own risk. Disclosure requirements stay and fraud enforcement stays to punish bad actors.

[Michael DePetrillo @klassicd]

@privy_io Please fix the issue with scammers using login codes to spam phishing emails.

[Michael DePetrillo @klassicd]

@dwr There’s no risk-taking opportunity when credentialism via accredited investor rules lets the wealthy in early and leaves the working class buying the pico top of the IPO.

[Michael DePetrillo @klassicd]

@EliBenSasson We need an alternative to Splitwise as most of its useful features need a premium subscription and could easily be replaced for nearly free by smart contacts.

[Michael DePetrillo @klassicd]

@DefiIgnas I don’t think taxing L2s is a winning strategy. The US didn’t become dominant by maximizing taxes. Ethereum competes with nation state economies. ETH should gain value from being the money and collateral of its economy, not taxing builders.

[Michael DePetrillo @klassicd]

@DefiIgnas I don’t think taxing L2s is a winning strategy. The US didn’t become dominant by maximizing taxes. Ethereum competes with nation state economies. ETH should gain value from being the money and collateral of its economy, not taxing builders.

[Michael DePetrillo @klassicd]

@nikitabier @discordiaCLIPS You shouldn't be talking. This site is a cesspool of adults doing the most shameful things for attention and money.

[tim-clancy.eth @_Enoch]

Ethereum doesn't play a narrative game because it has every narrative. It is the most decentralized network, with the widest geographic and stake-weighted validator distribution. It is the most secure network, protected by a pool of slashable Ether that even now gives it a raw total cost of attack that far outstrips all else. It stands alone as having effective client diversity, an achievement of ecosystem coordination that reduces the chance of a software bug becoming a protocol bug. Ethereum has non-probabilistic finality without sacrificing liveness, the self-healing mechanism of the inactivity leak, a sharded data availability layer, and perfect uptime.

Ethereum is the World Computer, it is the cryptographic bulletin board with guaranteed liveness, it is the unstoppable neutral verifier of proofs, it is the hardest database in existence. It is the global settlement layer for finance, finance that pretends to be decentralized, and decentralized finance. It is where you can vote, collaborate with friends, keep your art, keep your life savings, and record your life's works. Ethereum is the Unreasonable Man's katechon of liberatory technology in a world increasingly eroding Free speech, Free software, Free association, and Free markets.

Ethereum did this without taking shortcuts; scaling has always remained conservative to keep the CROPS requirement of at-home self-verification not only feasible, but easily feasible. It does this without hiding its problems; MEV is a scourge but it is transparent, where it can be reasoned about. It takes the time to prioritize important hardening features like FOCIL even when it requires the painful decision not to focus on other improvements.

Ether doesn't play a narrative game because it has every narrative. It is programmable. It is an unconfiscatable store of value with predictable and sustainable monetary policy. It is the pristine decentralized asset of the greatest network, by which virtue it is pristine collateral in decentralized finance. This makes Ether private nonvolatile money, able to mint a number of anonymous stable cash equivalents that are cheaply transferable anywhere and everywhere. It is an inherently productive asset in both its own flourishing ecosystem and as the wage of soldiers receiving the minimal viable pay to secure us all.

The future is incredibly bright. We have all of the tools we need and simply need to actually build liberatory technology with them. Ethereum upholds incredible underlying CROPS promises, but not everything that exists atop it is accessible in a CROPS way. The sovereignty of most users is eroded bit by bit in various ways and various trust assumptions. There is no reason that we cannot do better, there is no reason that we cannot fix this, and I am excited to dedicate my life to this cause.

[Michael DePetrillo @klassicd]

@DefiIgnas Ethereum dominates tokenization in a way Cosmos never did. It has real mainnet activity, L2 fee capture (not just bridging), thriving appchains (Lit), L2s (Base), and apps (Aave, Uniswap). Cosmos became a graveyard after Terra. Even the wallet UX is better e.g. Rabby > Keplr.

[Michael DePetrillo @klassicd]

@ryanflorence @kenwheeler Right, and you build the loop with /loop, /schedule, /goal, Cloud Routines, or GitHub Actions. Instead of prompt -> human read -> prompt again, Claude runs itself, checks the last result, decides what's next, keeps going. Your job shifts from writing prompts to writing loops.

[Michael DePetrillo @klassicd]

@ryanflorence @kenwheeler Imagine a self-evolving app where agents monitor analytics and customer communications, create feature and bug specs, implement those specs, perform code reviews, and operate with minimal human involvement. OpenClaw was doing something similar with GitHub issues and reports.

[Michael DePetrillo @klassicd]

@KhunPat27 Just had this happen flying to Thailand. My carry on was 2kg overweight, so Asiana made me carry my laptop through security by hand... then put it right back in my bag on the other side.

[Michael DePetrillo @klassicd]

@LefterisJP ETH can also go up 😏

[Michael DePetrillo @klassicd]

@TrustlessState @jvb_xyz Bro you've been dogpiling ETH ever since you joined the grift cabal. Get a taste of your own medicine.

[Michael DePetrillo @klassicd]

@DefiIgnas Linux doesn't have a native asset. If you want to compare the EVM to Linux, that's fair. But blockchains are economies, not just software, and economies have network effects.

[Michael DePetrillo @klassicd]

@DefiIgnas Linux doesn't have a native asset. If you want to compare the EVM to Linux, that's fair. But blockchains are economies, not just software, and economies have network effects.

[Michael DePetrillo @klassicd]

@TrustlessState @RyanSAdams High taxes don't give USD its value. It's the economic freedom, security, property rights, medium of exchange, unit of account, network effects, collateral utility, etc. You should listen to more Bankless and David Hoffman to wrap your head around it.

[Michael DePetrillo @klassicd]

@TrustlessState @RyanSAdams High taxes don't give USD its value. It's the economic freedom, security, property rights, medium of exchange, unit of account, network effects, collateral utility, etc. You should listen to more Bankless and David Hoffman to wrap your head around it.

[Michael DePetrillo @klassicd]

@TrustlessState We get it you're a grift maxi now. At least unpin your tweet.