Kolobok.eth

I love fox😁🦊

[Kolobok.eth @Pan49330711]

@phloth @ethereumLinea @ethereumJoseph @Consensys Look at the price and capitalization of Linea and everything will become clear to you.

[OKX @okx]

Sending $350 of ripple:native to one follower who likes and shares this post.

[Kolobok.eth @Pan49330711]

@ethereumLinea The harsh truth is slowly coming to you) I thought you were just another bot created by scammers from Consensus

[Kolobok.eth @Pan49330711]

@ethereumLinea This bot has already gotten to me, is the Linea team really only capable of selling their worthless coins and launching primitive bots? Guys, come to your senses!!!

[Kolobok.eth @Pan49330711]

@glider__ Calm down, nothing special will happen, there will be another announcement about the upcoming announcement😁

[Kolobok.eth @Pan49330711]

@phloth Bot, scammers!!!!!!!!

[Kolobok.eth @Pan49330711]

@ethereumLinea He subscribed to his bot, what's so strange about that?

[Kolobok.eth @Pan49330711]

@vol_4k @Consensys The Consensus team, using a small percentage of the funds they received from selling worthless LINEA coins in a glass, bought a couple of bots that praise the shit project (God, how pathetic it looks...

[Kolobok.eth @Pan49330711]

@ethereumLinea Tell me, why not? Explain why the team sold their worthless coins into the order book and keeps doing so, even though no one is buying them anymore.

[Kolobok.eth @Pan49330711]

@ethereumJoseph Scammers

[Kolobok.eth @Pan49330711]

@ethereumJoseph A modern swindler, mentioned in his post about Lenin, a swindler and murderer of people in the past... So Mr. Joseph really loves and respects such scum and tries to be like them.

[Kolobok.eth @Pan49330711]

@LineaBuild @DeclanFox14 @signalweek It seems that these people have no conscience at all... First, they massively sold their worthless coins, now they are convincing their deceived users that everything will be fine with them, but who knows when It seems that professional international scammers have gathered here

[10vitalik10 @10vitalik101]

It’s a shame that @Consensys and @ethereumJoseph support anyone but $LINEA

[Kolobok.eth @Pan49330711]

@LineaBuild Where did you disappear to @DeclanFox14? Are you recruiting a new team of scammers?

[PaTRoN @patron4eg]

Breakdown of Declan Fox’s talk at EthCC.
Under Declan’s points are my comments, and below are my conclusions.

• Institutions are already moving into blockchain. The question is not whether they will come, but which infrastructure they will choose.

Declan highlights 3 concepts in the market:

Canton

Pros:
- strong privacy at the protocol level
- major players are already there
- a shared layer for interaction between network participants

Cons:
- too closed of a model
- dependence on its own ecosystem and language
- no direct reliance on Ethereum settlement
- no access to public liquidity

Solana

Pros:
- speed

Cons:
- weak built-in privacy
- overly monolithic architecture (lack of flexible customization)
- strong dependence on a single technology stack

Ethereum L2

Pros:
- the strongest developer ecosystem
- a base layer proven over time
- an open stack
- a high degree of compatibility
- the best chance to combine public security with the private requirements of institutions

Cons:
- none

• In Declan’s view, the main candidate for this role is Ethereum L2, not separate closed networks and not just fast L1s.

Why?
- private chains usually sacrifice open compatibility
- public L1s usually sacrifice privacy
- L2s can take the best of both worlds

• Many institutions already use Hyperledger Besu / the EVM stack. It is much easier for large players to upgrade than to rebuild everything from scratch. That is why moving toward L2 looks like the least painful, most obvious, and most logical path.

• The reason this is becoming relevant now:
- the rules of the market are becoming clearer
- MiCA, Clarity Act
- the old narrative around separate corporate blockchains is weakening.

• The ideal enterprise L2 according to Declan
1. Private execution
Transactions themselves are executed in a private environment that is not open to everyone.
2. Access control and compliance
Compliance is not checked "after the fact" but is built directly into the process.
3. Sequencer
Declan means that compliance can be checked even before a block is assembled. In other words, an invalid operation can be stopped at an early stage.
4. Prover and proof
Transactions are executed in a private environment, then the prover creates a mathematical proof, and that proof can be shown externally without revealing the underlying data.
5. Settlement on Ethereum L1
Ethereum here plays the role of the final court and the shared security layer.

• There is reportedly real demand from major custodians: they supposedly want to replace 60-70% of their internal systems with a unified on-chain ledger for each asset class. This is not about a pilot token for a press release and not about a one-off bond tokenization. This is about replacing the internal backbone of financial infrastructure.

• What institutions actually need:
- privacy by default
- 24/7 atomic finality
- open standards
- confidence that the stack provider will not disappear in 5 years
- access to talent and developer talent
- quantum readiness
- interoperability between private ledgers

Institutions do not want to end up again in an expensive dead end built on a closed stack, as happened with part of the enterprise blockchain stories from the previous cycle. They need a stack that gives them control, privacy, compatibility, and longevity at the same time.

• Zero-knowledge proofs, in his words, make it possible to prove that a computation was executed correctly without revealing the underlying data. For institutions this matters because it allows them to:
-prove compliance without revealing positions
-verify execution correctness without revealing the counterparty book
-coordinate across different ledgers without exchanging raw state
-give regulators verifiability without access to raw data

So for him ZK is not just a trendy technology, but the foundation of the whole model of "public chains, private guarantees".

• ZK roadmap:
- first role-based access control + a validium approach
- then ZK selective disclosure
- in the longer term, fully homomorphic encryption

• These are not abstract dreams, but real procurement discussions already happening now. Among the use cases:
- tokenized securities
- cross-CSD settlement
- correspondent banking
- cross-border payments
- stablecoins
- collateral management
- custody

• L2 decentralization
His approach here is very pragmatic. He is not selling the idea that an institutional network must launch as maximally decentralized from day one. On the contrary, he says:
- you can start with a single sequencer and get to production quickly
- then move to multi-validator QBFT
- then allow network participants themselves to run nodes
- for multi-jurisdiction deployments, separate sequencers can be used by jurisdiction with shared proof aggregation

So decentralization for him is an evolutionary process, not a starting requirement.

• The advantage of Consensys
He specifically emphasizes that the entire stack is assembled by one team: execution, proving, identity, gateway. Not as a patchwork of random third-party projects, but as a vertically integrated system. For an enterprise audience this matters, because their question is always not only "what works" but also "who is responsible for it."

He especially highlights the gateway with ISO 20022 translation, which is meant to connect the SWIFT world with on-chain settlement. This is already a bridge between traditional banking operations and the new blockchain layer.

• Final thesis: if all of this works, Ethereum could become the settlement layer for global finance, and DeFi and traditional finance could begin living on the same infrastructure.

❗️❗️❗️My conclusions:❗️❗️❗️

• Personally, I have almost no doubt that Consensys is technologically capable of delivering most of the direction Declan is talking about. The team has the expertise, the resources, the institutional relationships, and an already assembled stack. The question here is not whether they can build it. The question is something else - how exactly value will be distributed inside this future system.

• To me, it increasingly looks like institutional solutions, private ledgers, and possibly large settlement networks of this class really could be built on parallel L2s / enterprise solutions based on the Linea Stack. This hypothesis sounds logical and aligns well with what Declan describes as the end direction of development.

• But this raises the main question for us as a community and as holders of public ecosystem assets: what benefit will the public Linea L2 and the $LINEA token actually get from this?

• And this is where the main problem begins. Right now, we have too little concrete information. We do not know under what terms Consensys will distribute the Linea Stack, who exactly will pay for its use, how enterprise solutions will be monetized, and most importantly - whether there will be any economic connection at all between this direction and the public Linea ecosystem.

• In other words, the potential itself is huge. But without a clear value capture model, that potential still does not translate into an investment thesis for the community. We see a beautiful technological story, but we still do not see a transparent financial model.

• That is exactly why, right now, an investment in $LINEA and, to a large extent, in $REX looks less like a fully calculated bet and more like a bet that Consensys will eventually want and be able to direct part of the value created toward the public market. In other words, the upside may be very large, but the mechanism by which it reaches us is still hidden.

• And in my view, this is the main weakness of the current communication. We are told a lot about technology, architecture, enterprise use cases, and future opportunities, but almost nothing about where the community, the public network, and token holders sit inside this whole structure.

• Consensys launched Linea. Consensys launched Etherex. But the market still does not see a clear picture of how the entire ecosystem will develop, how public Linea L2, $LINEA, private/enterprise L2, Etherex, $REX, and the distribution of financial flows across all these layers are connected.

• Etherex directly depends on the growth of Linea. But Linea itself is still mostly communicating a technological vision rather than a full economic and strategic map of the future. For the community, that is no longer enough.

• If someone from leadership is reading this, then the main request is very simple: start a substantive dialogue with the community. Not only about technology, but also about the business model. Not only about vision, but also about the roadmap. Not only about the potential market, but also about the concrete mechanisms of value capture and value distribution.

• The market needs answers to basic questions:
- how Linea Stack will be monetized
- whether the public Linea L2 and the $LINEA, $REX tokens will benefit from the enterprise direction
- what role $LINEA and $REX play in this system
- how exactly the public ecosystem will participate in the growth of this whole direction
- why a $LINEA holder or a user of the public Linea L2 should benefit if the Consensys institutional thesis is actually realized.

• As long as there are no clear answers to these questions, the whole thesis around $LINEA and part of the ecosystem assets remains more of a speculation on the future success of Consensys than a full investment thesis with a clear valuation model.

• P.S. I am not selling the assets. But these thoughts come up more and more often.

@LineaBuild @etherexfi @ethereumJoseph @DeclanFox14 @GuiDechaux
#linea #defi

[Kolobok.eth @Pan49330711]

@LineaBuild What is the utility of Linea tokens, why are they not taken into account when launching the Yield Boost program? So the tokens are just there so the team can sell them endlessly?

[Kolobok.eth @Pan49330711]

@patron4eg @Trantor2140 @DeclanFox14 @ethereumJoseph Thanks for the interesting article. Personally, I'm losing hope that anything good will come of this. Right now, Consensus looks like a global scammer manipulating liquidity and swindling the last of their users' money.

[Kolobok.eth @Pan49330711]

@LeChiffre @LineaBuild Do I understand correctly that Consensus and you will soon find a new technical solution to deceive and take money from your users again?