Romain Galichet

[vitalik.eth @VitalikButerin]

“Ethereum was not created to make finance efficient or apps convenient. It was created to set people free”

This was an important - and controversial - line from the Trustless Manifesto ( https://t.co/QAvZfiNxpe ), and it is worth revisiting it and better understanding what it means.

“efficient” and “convenient” have the connotation of improving the average case, in situations where it’s already pretty good. Efficiency is about telling the world's best engineers to put their souls into reducing latency from 473 ms to 368ms, or increasing yields from 4.5% APY to 5.3% APY. Convenience is about people making one click instead of three, and reducing signup times from 1 min to 20 sec.

These things can be good to do. But we must do them under the understanding that we will never be as good at this game as the Silicon Valley corporate players. And so the primary underlying game that Ethereum plays must be a different game. What is the game? Resilience.

Resilience is the game where it’s not about 4.5% APY vs 5.3% APY - rather, it’s about minimizing the chance that you get -100% APY.

Resilience is the game where if you become politically unpopular and get deplatformed, or if a the developers of your application go bankrupt or disappear, or if Cloudflare goes down, or if an internet cyberwar breaks out, your 2000ms latency continues to be 2000ms.

Resilience is the game where anyone, anywhere in the world will be able to access the network and be a first-class participant.

Resilience is sovereignty. Not sovereignty in the sense of lobbying to become a UN member state and shaking hands at Davos in two weeks, but sovereignty in the sense that people talk about "digital sovereignty" or "food sovereignty" - aggressively reducing your vulnerabilities to external dependencies that can be taken away from you on a whim. This is the sense in which the world computer can be sovereign, and in doing so make its users also sovereign.

This baseline is what enables interdependence as equals, and not as vassals of corporate overlords thousands of kilometers away.

This is the game that Ethereum is suited to win, and it delivers a type of value that, in our increasingly unstable world, a lot of people are going to need.

The fundamental DNA of web2 consumer tech is not suited to resilience. The fundamental DNA of _finance_ often spends considerable effort on resilience, but it is a very partial form of resilience, good at solving for some types of risks but not others.

Blockspace is abundant. Decentralized, permissionless and resilient blockspace is not. Ethereum must first and foremost be decentralized, permissionless and resilient block space - and then make that abundant.

[Romain Galichet @RomainGalichet3]

@TheCrypt0Matrix 60% BTC 20% ETH 20% S (FTM)

[Sonic @SonicLabs]

Spend crypto like fiat on #Sonic.

@RedotPay is here — pre-order a crypto card and pay with your $S and stablecoins like fiat, anywhere in the world.

The first 5,000 approved applicants get a free virtual card using Apple/Google Pay!

💳 https://t.co/CzV0pA6nDh

[Romain Galichet @RomainGalichet3]

@Ternoa_ @bitgetglobal @Bybit_Official @gate_io @AscendEX_ 💥

[CZ 🔶 BNB @cz_binance]

Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.

Binance is no longer a baby. It is time for me to let it walk and run. I know Binance will continue to grow and excel with the deep bench it has.

I’m pleased to announce that @_RichardTeng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today.

Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. He will ensure Binance delivers on our next phase of security, transparency, compliance, and growth.

Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.

With Richard and the entire team, I’m confident that the best days for @Binance and the crypto industry lay ahead.

As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions.

What’s next for me?

I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.

After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi.

I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do.

On that note, I am proud to point out that in our resolutions with the U.S. agencies they:

- do not allege that Binance misappropriated any user funds, and
- do not allege that Binance engaged in any market manipulation.

Funds are SAFU!

With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion.

Onwards!

CZ

[Sonic @SonicLabs]

Time: passes ⌛
Transaction fees: paid 💸
FTM: burnt 🔥

10,000,000 $FTM has now been burned forever!

See for yourself: https://t.co/fsm6i3TaN5

[Hasheur @PowerHasheur]

Il y a 4 ans, on ne pouvait qu'être dégouté de ce genre de discours. Mais hier, cette position n'a pas été soutenue dans l'hémicycle. Pourquoi ?

Car il devient difficile de dire des bêtises sur les cryptos et d'être pris au sérieux. Surtout, quand tout est vérifiable.

[Guillaume Simonin @GuiSimonin]

🎁 Outil Retraite

Je t'offre un petit simulateur pour estimer le capital que tu peux générer jusqu'à la retraite et la rente que peut te distribuer ce capital pendant la retraite.

Pour le recevoir : RT + Un petit mot sous ce tweet
(Et follow pour que je puisse te DM)
👇

[Romain Galichet @RomainGalichet3]

@GuiSimonin Beau travail !

[M.ATH | La Baleine 🐳 @MathLaBaleine]

THREAD | 🧵 FILMS DE TRADING & INVESTISSEMENT 🧵

Je vous propose une liste de films parlant des marchés pour vous occuper et vous perfectionner, c'est la bonne période 😊.
Je commence par vous donner la liste et ensuite je vous fait un court résumé !

Pensez à RT ! 🌐 (1/33)

[CZ 🔶 BNB @cz_binance]

We detected Harmony One hacker fund movement. They previously tried to launder through Binance and we froze his accounts. This time he used Huobi. We assisted Huobi team to freeze his accounts. Together, 124 BTC have been recovered. CeFi helping to keep DeFi #SAFU! 🙏

[La Baleine Crypto 🐳 @BaleineFR]

L'équipe de La Baleine est très fière de vous présenter son premier projet en tant qu'Advisor 🐳

Mintera sera un pont finance traditionnelle → web3 grâce à son écosystème financier à impact environnemental positif

Pour participer au Giveaway de 100 000$, lis jusqu'à la fin !

[hiboo.expert @hibooexpert]

14 citations de Warren Buffett qui vous en apprendront plus sur la bourse que des heures de vidéos YouTube

[GaetanSemp @GaetanSemp]

Devinez le costume de la concurrente du Salvador a Miss Univers hier ? #BTC

[Cathie Wood @CathieDWood]

Not only is the Nasdaq 100 heavy with FAANG but it added another $FANG, Diamondback Energy, when it rebalanced in December. Meanwhile, the oil price has been cut nearly in half since March. According to our research, electric mobility will continue to destroy oil demand.

[Solana @solana]

💪
https://t.co/kdTUCOf2fE

[Documenting ₿itcoin 📄 @DocumentingBTC]

Nigeria 🇳🇬 + South Africa 🇿🇦 + Kenya 🇰🇪 together have 36,140,000 #bitcoin and crypto hodlers! 🌍

[Documenting ₿itcoin 📄 @DocumentingBTC]

Brazil 🇧🇷 has officially recognized #bitcon as a means of payment!

https://t.co/PqOheyMkCa

[Michael Saylor @saylor]

@cz_binance #Bitcoin is an immortal, indestructible, incorruptible foundation upon which to build a better world. 🌍

[Grégory Raymond @gregory_raymond]

🔴 L'exchange @FTX_Official se déclare en faillite et @SBF_FTX quitte son poste de CEO

https://t.co/789ACiCqXY