pray.eth

20+ years experience in BD/marketing for corporate clients. Now exploring my inner cypherpunk. Believe in something.

[pray.eth @pray_eth]

ETH holders be like…

[Friedrich Nietzsche Notebook @QuoteNietzsche]

To live is to suffer, to survive is to find some meaning in the suffering.

[pray.eth @pray_eth]

I never said I favor high taxes, and government spending is out of control, definitely. Many governments are just incompetent, even malevolent (e.g. the US with its endless wars). But it doesn't have to be that way, we can do better. I favor reasonable taxes for valuable services: good schools, roads, hospitals, police, fire departments. Key is for people to believe they are part of a society and to look after each other within reasonable limits.

[pray.eth @pray_eth]

@TomerStrolight @djsenior13 @saylor Doesn't that also mean he has a fiduciary responsibility to dump on you at the top?

[pray.eth @pray_eth]

@cowosixpack @gnosispay Exactly. It's an opportunity, most orgs fail.

[pray.eth @pray_eth]

It's called the Service Recovery Paradox (SRP). Studies show customers who experience a product or service failure but have their issue resolved effectively are actually *more loyal* than those who never experience any issues.

cc: @gnosispay

[Alexandros Tsachouridis @alexandrostsach]

@koeppelmann @gnosispay Nice of you man. You got good vibes. I did not know you, when I signed up very early for gnosis card, but as more I read from you today and how gnosispay is dealing with all, I will promote the card now more often.

Take good rest, much love from Zurich, Switzerland

[pray.eth @pray_eth]

@hanni_abu You might need to clean that site up a bit? For example: https://t.co/A0MEqDZV3t

Numbers for Ethereum swaps and transfers are way too high. Even the messaging that "Ethereum Layer-1 is expensive" is not really valid today.

[pray.eth @pray_eth]

@hanni_abu @EricSRosengren Like "Intel Inside," there needs to be a way to stamp a project as Ethereum aligned or not for easy reference by TradFi. Maybe through @l2beat? Hyperliquid can run on "HyperEVM" to link with Ethereum, when in fact it's 27 validators in Discord.

[pray.eth @pray_eth]

@billyrennekamp @koeppelmann @zodiaceco @gnosispay How did they know to reach out to you?

[pray.eth @pray_eth]

@jerri_nft @gnosispay @gnosis_ If you want to scale, key is to think: "What would my grandmother do in this situation?"

Mine would hear "account hacked" and assume all of her accounts are now compromised and panic. She would want to speak to someone asap. Probably start changing all her passwords.

[pray.eth @pray_eth]

Thoughts on the @gnosispay hack:

1 - @gnosis_ team is honorable, they keep their word, users should not panic. However, after 5 years, so much in DeFi still relies on the integrity of the core team, which is unfortunate.

2 - Communication was excellent by crypto standards, but not great for a non-crypto audience. I followed updates on Twitter and Telegram, I understood what was likely happening behind the scenes.

Non-crypto people will need emergency numbers to call, proactive email updates, website updates, etc. They would not know, for example, that their other accounts (non crypto) are not impacted, or understand the timing involved in white hat rescue. They would not know to follow @koeppelmann on Twitter for updates, etc. It more or less works now because Gnosis Pay has <1000 active users.

Of course, these same "emergency" situations are ripe for exploitation by hackers! I can see future emails or calls from scammers urging people to send their money to a new address. So it's a delicate balance, and there should be safe channels for communication.

3 - There is no way DeFi stablecoin yield compensates users for this level of risk. Some (like me) do it to help move this space forward, but we should have no illusions any sane person will do this without legal guarantees and crypto-specific customer care infrastructure when issues arise.

The current process in crypto is pray the core team will do the right thing... That's not going to scale to a wider audience.

4 - I love Gnosis Pay and will continue to use it, just waiting for word I can recharge my card. A huge thanks to everyone working like crazy behind the scenes. 🙏

[pray.eth @pray_eth]

@LefterisJP @gnosispay @gnosis_ 3 broad segments in crypto:

1 - Cypherpunk (&lt; 1%)
2 - Corpo crypto rails (wider audience, but not really crypto)
3 - Extraction ("retail")

Rotki is clearly 1. Where is Gnosis Pay?

imo it's segment 2, meaning Gnosis needs to spin it off and allow a corporate entity to manage.

[hanniabu.eth (Ξ, α) @hanni_abu]

The signal is clear, BTC is baggage to the industry:

- unproductive asset (saylor needs to sell)
- looming security budget crisis (https://t.co/CdhubnmSv0)
- post quantum threat (no solutions)
- energy inefficient (competes with AI resources)

Meanwhile:

- real activity/adoption happening on ethereum (https://t.co/dVErKDo38c)
- eth is a productive asset (https://t.co/PCNtQTKOIT)
- clarity act benefits ethereum
- stablecoins are mostly on ethereum
- ethereum will be PQ safe (https://t.co/AaNS7AdbuT)
- sustainable security budget
- secured by energy efficient consumer hardware

[pray.eth @pray_eth]

@yodl_meister @gnosispay @gnosis_ “Outages” are a bit different from a system wide hack requiring users to transfer or potentially lose funds under real time pressure.

[pray.eth @pray_eth]

@gnosispay @gnosis_ 🫡

[pray.eth @pray_eth]

@leolanza Selling 32 was the tell...

[binji @binji_x]

the best way to prevent turning into a doomer/nihilist is to do something really fucking challenging without telling anyone about it

it literally rewires your brain to be excited again

doomerism often comes from feeling like reality is something you passively watch collapse, so achieving a hard thing makes you realize you can actually influence reality, and the bonus comes from doing it privately which prevents your brain from cashing out some of the reward points before you even complete it (usually leads to incomplete work/all talk no action energy)

[pray.eth @pray_eth]

@Degengirlalpha It’s happened to me with TradFi debit cards, too. System down for hours. But yeah, super frustrating.

[pray.eth @pray_eth]

@koeppelmann @dcbuilder @gnosispay Update. EURe now safe in my Zeal wallet. Withdrawal transaction seemed blocked for some time but recently went through. 🙏

[pray.eth @pray_eth]

@koeppelmann @dcbuilder @gnosispay It’s a holiday. I’m at the beach with the family. No way to withdraw funds. 🤷‍♂️

[pray.eth @pray_eth]

@koeppelmann @gnosispay The good news in this mess is that it’s Gnosis. You can criticize many things on Gnosis, I suppose, but not their integrity.

[pray.eth @pray_eth]

@wiimee Impossible to withdraw now