BLOBS ARE COMING
Testnets are forked, client releases are out, and blobs are here - have you updated your node for Dencun on mainnet?
We'll be livestreaming the fork as usual, along with @EthCatHerders and @sassal0x
March 13, 13:55 UTC (live at 13:00)
https://t.co/zjJZchlP9b
An introduction to NodeSet: Rocket Pool's Layer 2 Scaling Solution. Earn amazing rewards by being a node operator with them.
Check the 🧵to learn more.
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NS has recruited 150 exitsing Rocket Pool NO to become NO for them. At Denver Lift-Off, Rocket Pool's first conference, they showed how NS NO would earn massive amounts of income at fairly modest growth. At 10% of RP's market share, a NS NO could earn up to 10 eth a year! 8
Not sure why everyone thinks $ETH is trying to be money. A side effect of Ethereum's decentralization, staking mechanism, and inflation policy made it a rather good bond-like asset. This doesn't mean it is or is trying to be money, and it wouldn't be a very good one anyway.
We need to stop with this idea that $BTC or $ETH or anything else in crypto will ever be capital-M Money. That's foolish. Money is the Dollars, Euros, or whatever else you use on a daily basis to purchase goods and services denominated in those currencies.
The function and purpose of crypto isn't to replace Money. Smart contracts allow us to change it's scope all together. Blockchains invalidate the use of fiat currency as a store of value or medium of exchange.
In the future, you will "spend" your assets arbitrarily and frictionlessly. The transaction itself will handle the exchange between the sender's preferred asset and the receiver's, automatically deduct taxes, monitor for compliance, and produce an accounting audit trail. Money, as we know it today, will only serve as a unit of account, a label used for the purposes of communication.
The wallet of 2035 won't just be dollars. You'll have stocks, home equity, crypto, and credit all in once place. Switching between assets to spend will be as simple as toggling a drop down. The power of an international financial system will be in the palm of your hand.
So stop worrying if something is or isn't money. Everything is going to be money. This is the power we're bringing back to the people: choice.