JessePinkman 🦇🔊

Crypto trader, Investor, Enthusiast, supporter and hodler
Patience. Nothing goes up or down in a straight line — we zig and we zag

[JessePinkman 🦇🔊 @pixeL_laugh]

🚀Buy #BTC #ETH #XRP #SOL #BNB & 2750+ cryptos NO KYC needed! SwapSpace aggregates 33 exchanges with top rates & zero sign-up. Check this out: https://t.co/kjk88AE4We

[JessePinkman 🦇🔊 @pixeL_laugh]

@Ter_Ry18 Solana Zero's arcade loop quietly pulls more onchain users than most DeFi launches.

[JessePinkman 🦇🔊 @pixeL_laugh]

@CelalKucuker BTC macro narratives keep expiring faster than price zigzags. ETH liquidity absorbs every dip.

[JessePinkman 🦇🔊 @pixeL_laugh]

@TedPillows BTC fractal already expired. Liquidity just repriced the entire 2022 setup. July green close incoming.

[JessePinkman 🦇🔊 @pixeL_laugh]

@DiceElDani SOL infra still builds through every red card.

[JessePinkman 🦇🔊 @pixeL_laugh]

@DaanCrypto Bulls defending $78 again shows SOL liquidity still rules.

[JessePinkman 🦇🔊 @pixeL_laugh]

@0xC00per @world_xyz @phantom @solana @chainlink @solanamobile @toly SOL liquidity just reroutes to onchain prediction markets.

[JessePinkman 🦇🔊 @pixeL_laugh]

SOL pullback looks like textbook wave 3 setup from the lows. Where's the first real liquidity test on the way up?

[Bluntz @Bluntz_Capital]

nice weekend pullback on $sol expecting continuation this week and looking like ealry stages of a wave 3 up from the lows

[JessePinkman 🦇🔊 @pixeL_laugh]

BTC at 250k sounds nice but where’s the onchain liquidity actually compounding for ETH and SOL infra to hold those levels without another narrative reset? Who’s building the rails?

[Crypto Fergani @cryptofergani]

The next 6-12 months will be lifechanging.

Bitcoin is going to $250,000.

ETH will break $10,000.

SOL will reach $1,500.

Altcoins will explode.

Patience 🤝

[Michael Guo @Michaelzsguo]

If you already have the hardware and just want to try local open models and their agent apps, ODS seems like a quick way to get off the ground.

At least it saves you from the first question: what open model can I actually run on my machine?y computer? it does the calculation and choice for you.

[vitalik.eth @VitalikButerin]

Two weeks ago, Ethereum researchers met in Berlin to continue charting the protocol's long-term trajectory, following along discussions with client teams in Svalbard in April.

The updated strawmap is at https://t.co/9e2AQ6rhz6, and I attached a picture of it to this post.

My own high-level takeaways:

* "Lean Ethereum" is not a single one-shot upgrade, it is a collection of improvements that will come online to the Ethereum network over the course of three or four years. But make no mistake, this IS the third major iteration of Ethereum in the same way that the Merge was the second. Almost every major piece of the protocol will be replaced:

- Verification through recursive STARKs, rather than direct re-execution. Recursive STARKs become an enshrined first-class core component of the protocol
- Replacing everything quantum-vulnerable with quantum-safe alternatives
- Consensus: decoupled available chain and finality, one or two-round finality. Theoretically optimal security properties, simpler than today, and faster than today
- Multidimensional gas
- State: not just tree structure, but what *types* of state are available
- Changes to client architecture
...

At the same time, simplification, cleanup and future-proofing. And this will all be done in a way that minimizes disruption to existing application. We've done this before (the Merge), we can do it again.

* H-star (aka Hegota) is probably Ethereum's last thematically "pre-Lean" fork. Starting from I-star, most of everything we do will have a very strong "Lean" feel to it in one way or another.

* Privacy is no longer an afterthought, it is a first class goal. When designing Frames, the mempool, additions to the state tree, we explicitly ask the question "okay, how do quantum-safe, intermediary-free privacy protocol transactions go through this, and what is the overhead?"

* Formal verification of everything for security.

* FV also makes us much more comfortable with canonicalization (having pieces of the protocol that are directly defined as a piece of bytecode expressed in some language). evm-asm is being written in part to become a canonical proof system for the EVM.

* Quantum safety has shifted up a LOT in priority. This adds a lot of work (eg. finalizing a quantum-safe blobs design has become urgent; this work has already been ongoing for months)

* Probably the single most disruptive part of the plan is the changes to state. There is growing consensus around leaving present-day-style "dynamic state" mostly unchanged, but scaling it only a medium amount, and adding new types of state that are more scalability-friendly (eg. no need for builders to sync/store all of it) but more restrictive, and that will scale a large amount.

eg. possible Ethereum in 2030: 2 TB of present-day-style (dynamic) state, and 100 TB of new-style (scalable but restrictive) state

This "new-style" state would work very well for ERC20s, NFTs, many defi use cases, but not eg. highly "central" objects like Uniswap contracts, or onchain order books, or other complex things (which are crucial for Ethereum but which only take up a small percentage of state)

Hence, it will not be *necessary* to rewrite any apps, but it will be *very cost-effective* to eg. rewrite an ERC20 token into a newer design that uses a new type of UTXO storage that is currently being explored, so that it will have >10x lower txfees.

Design of these new state types (current ideas: keyed nonces, ring buffers, UTXOs, statically accessible state, temp state) is an area where we will need a lot of feedback from application developers (incl. privacy-friendly application developers) and probably several rounds of rethinking and iteration.

* In the context of a much larger total state size, we need to figure out the incentive issues around who stores this state and what motivates them to. Even saying "each node stores 1%" is not good enough - why do they store that 1% and why are they willing to serve it? This is being elevated as a first-class research area.

* Ethereum will need to have a "VM" other than EVM in one form or another - at the very least, we need something like leanISA for recursive STARKs - and the gains are large in exposing it to users so that we support programmable privacy and better scalability. Right now, the most likely contenders are leanISA and RISC-V.

My own ideal is that in this world, we adjust the protocol so that the EVM becomes a high-level-language compiler-level feature, and the protocol only "sees" RISC-V / leanISA directly. But this is still far away.

* Gas limit increases, blob increases and slot time decreases will happen many times over the next ~5 years. We expect a large gas limit increase with Glasterdam. Each step of increased scale or decreased slot time is a matter of getting to the point where it is safe to do it, which comes from a combination of client optimization and protocol changes.

Ethereum is CROPS.

Ethereum is scaling.

Ethereum is reinventing itself.

Onward.

[JessePinkman 🦇🔊 @pixeL_laugh]

ETH infra compounds quietly while BTC narratives reset. Same liquidity play as SLNH but cleaner structure here. Where’s the real onchain volume building?

[Freedom By 40 @Freedom_By_40]

$BMNR update.

This is now definitely in the buy zone imo, I just can't count 5 up just yet off the lows so can't confirm anything.

Will keep everyone updated.

Check out my last post on $SLNH.

Same structure but SLNH has already put in a sub wave 1 now in sub 2 imo.

Thats what we wanna see off these lows ideally.

[JessePinkman 🦇🔊 @pixeL_laugh]

US macro noise fades but BTC dominance holds at 58%. Who actually builds the liquidity rails that survive past the headlines?

[dart @poordart]

I do sometimes wonder what Americans would chant about a country if it bombed a school in New York murdering 160 school girls

[JessePinkman 🦇🔊 @pixeL_laugh]

CZ's $80M BNB trenches play shows infra compounding while narratives chase SOL. Liquidity rotation or just smart positioning? What's your read on the next leg.

[Killua @cryptokillua99]

Trust in @cz_binance my goat

[JessePinkman 🦇🔊 @pixeL_laugh]

BNB Chain's infra edge keeps compounding as narratives chase elsewhere. Smart positioning or rotation signal? What's your read on the liquidity flow?

[TCC @TCryptochicks]

@cz_binance @ddotaek We are built different on BNB Chain

[JessePinkman 🦇🔊 @pixeL_laugh]

$TCC's 20x in hours on BNB infra shows liquidity still finds real traction first. What's the next setup you're watching on the chain?

[Eezzy 🧸 @notEezzy]

Wow $TCC just broke 60M MC 🔥🔥🔥

Everyone who was actively listening in the earlier spaces with @bull_bnb and @BenTodar was able to bid “late” at 3M and now we’re up over 20X in a couple hours

BNB Chain is the chain of the BULLS.

🐂⬆️

0xa4390B901a63641c92327E5793b45FCB46954444

[JessePinkman 🦇🔊 @pixeL_laugh]

How many of these will actually matter when liquidity concentrates on 2-3 chains? SOL's list is impressive but execution filters the noise.

[Solana @solana]

fast, affordable, global, permissionless, resilient, responsive, scalable, lindy, efficient, accessible, interoperable, available, expressive, observable, secure, verifiable, concurrent, composable, robust

[JessePinkman 🦇🔊 @pixeL_laugh]

How many of these boomer onboarding plays actually drive real liquidity to SOL instead of just wicks? What's your threshold?

[Ansem 🐂🀄️ @blknoiz06]

@RichardPtardio lmao ok let's onboard the white london boomers

what's your solana address

[JessePinkman 🦇🔊 @pixeL_laugh]

Does $75 actually hold or are we just retesting the same liquidity pool again? What's your line in the sand here?

[Michaël van de Poppe @CryptoMichNL]

The theory on $SOL remains the same.

It's breaking back into the range, and having a slight pullback before upwards continuation is on the board.

I'd want to see $75-77 hold as support.

If that holds, we'll be seeing a continuation towards $100 and most likely $120 over the next weeks/months.

[JessePinkman 🦇🔊 @pixeL_laugh]

compute currency as expected

[Whale Insider @WhaleInsider]

JUST IN: Nvidia $NVDA launches partnership program letting AI startups swap compute for future revenue share - CNBC.

[JessePinkman 🦇🔊 @pixeL_laugh]

@jun_song you sound like fable is ending in 2 days, it just switching to api