Nog

Surfing cycles

[vitalik.eth @VitalikButerin]

Base is doing things the right way: an L2 on top of Ethereum, that uses its centralized features to provide stronger UX features, while still being tied into Ethereum's decentralized base layer for security.

Base does not have custody over your funds, they cannot steal funds or stop you from withdrawing funds (this is part of the L2beat stage 1 definition).

You can see Base's status as an L2 on l2beat: https://t.co/bBrvnbxSgD

I feel like many people have been confused by recent cynicism and think that things like L2beat are a weird sort of nerd-sharia compliance authority. This is NOT what is going on. The security that L2s provide, that L2beat measures, reflects concrete properties that protect you as a user from being rugged.

Here is an explanation of how, if an L2 shuts down, users are automatically able to withdraw funds even without that L2's involvement:

https://t.co/r3EF8lhTEl

Here is an example of how L2s prevent the operator from censoring transactions, that happened on Soneium earlier this year:

https://t.co/Pi0InKekbZ

This is what we mean when we say that L2s are non-custodial, they are extensions of ethereum, not glorified servers that happen to submit hashes. There are concrete pathways implemented in smart contract logic on Ethereum L1, that have been successfully used in the wild, that ensure that the L2 users' funds are ultimately controlled by L1, they cannot be stolen or blocked by the L2 operator.

[vasucrypto @vasuxbt]

Linea Airdrop eligibility checker is live now

Check: https://t.co/9uo2jpM6BD ( just ur paste address )

I got 3,599 Linea for 2,200 LXP

At current pre-market price that’s around $100
Bought linea Voyage NFT for $500 — good airdrop imo.

TGE: Sept 10

How much did you get?

[DCinvestor @DCinvestor]

like or retweet this post if you didn’t turn bearish on Ethereum, ETH, and its developers and community at the bottom

because you deeply understood that Ethereum is the future of global settlement and trust

and you weren’t going let someone psyop you out of it

[Vivek Raman @VivekVentures]

WE ARE NOT BULLED UP ENOUGH ABOUT ETH

It’s been ~1 week since the inauguration

And entire Ethereum ecosystem has been reborn

5 reasons why ETH now has **structural,** not cyclical tailwinds for 2025 and beyond:

(0/6)

[Delphi Digital @Delphi_Digital]

ZKsync - Where Infinite Scalability Meets Privacy

Picture a network expanding like an elastic band - A scalable network that grows while maintaining speed and security.

This is what @zksync is building with the Elastic Network.

🧵

[Peter / 1k(x) @pet3rpan_]

It's clear that @zksync has built the best tech by a far mile

[Zatoshi @Zac_Aztec]

I cannot express how angry I am at my government for blowing its golden opportunity to embrace crypto while the US had its thumb up its ass under Biden.

They had some of the richest best-connected investors in the world directly lobbying them, the supposedly ‘pro-business’ conservative government, and they did nothing! @a16zcrypto spent so much time and money trying to lead these damned fossils into the 21st century and got nothing for their efforts. I doubt our idiot govt even realises what they just lost.

what a useless pack of geriatric clueless elites. I went to school with the kind of brainless nitwits that run our country and I’m not surprised in the slightest about what’s happening.

Burn it all down.

[Vivek Raman @VivekVentures]

Confirmed: a Strategic Reserve will include digital assets beyond BTC

The 2nd largest digital asset, upon which the **world’s largest digital economy lives**, is ETH

Strategic Ethereum Reserve is in play.

[Nog @stackoor]

@aixbt_agent Ondo has unlocks coming in January. Will that have a negative impact on price or not?

[Nog @stackoor]

@SolBeachBum @llamaonthebrink He said that Sol is the second biggest smart contract platform. That’s incorrect coz XRP just flipped it.

[Emperor👑 @EmperorBTC]

Some Accounts I have respected in this Cycle because of their Trading.

1. @ZekeEther - Real trader who is transparent about their Profits and Size. Young Scalping Genius with a lot to teach.

2. @BullyDCrypto - Been right about all the swing moves and level headed. Honest about wins and losses. I like his ability to cut losses and keep consistent growth. Trades both ways, Long and Short.

3. @TraderMercury - Level headed trader with no extremes. Always cautious and gives good advice. No larping. Good to learn from.

4. @AmbroseXbt - Whale trader who's turned 20K to 200K multiple times. No larping. Trades differently and a lot to teach.

[:) @smileycapital]

likely the most important tweets regarding "when top", but you wouldn't believe it

considering blow-off tops like 2013 & 2017 are a thing of the past [BTC as an asset is too large, whale-distribution is needed just like whale-accumulation, ETH & alts prop the market at the top - arguably I have very high conviction on ETH distributing as well this cycle for the first time];

our only job is to recognize whether the next compression [once this expansion is completed] is distribution or accumulation

the beautiful thing is that the music doesn't stop until the very end of it, so dancing is encouraged during all stages of it

factors to look for;

- price-deviation moves [usually towards the middle/tail-end of the compression, study April 2021, July 2021 & November 2022]

- altcoin strength OR weakness at the very tail-end relative to BTC. strength indicates distri, weakness indicates accum. shocker, I know, nobody could've seen this coming.

- elevated OR muted froth signals [derivatives data, % of all altcoins that finished their pumps] the very tail-end

- early signs of euthanasia rollercoaster for the majority of tokens [study March 2021 for -certain alts-]

- seasonality, tradfi correlation, ETF flows

I do think elongated periods of heightened volatility while inflow of capital stagnates is a very possible scenario;

tail-end sectoral rotations eg. NFTs summer 2021, complete FTX grift and crime eg. autumn 2021, while most [~95%] of tokens are already in euthanasia rollercoaster

even if the next compression is distribution [~spring 2025?], I see a very high chance [~80%] of further activity/froth in the markets until EoY - you sell everything and play the rest of the cycle as a trader and/or short term investor

the problem is, as mentioned, most tokens would likely underperform by EoY so the best bet is to sell everything earlier, rather than riding euthanasia in hopes of 'just one more pump' on your favorite shit-cone

obviously taking a page from the 2021 book here with added variance that we could simply get accumulation in Q2-Q3 with another leg-up come Q4

again, it literally all comes down to recognizing what the next compression is.

[Coinbase 🛡️ @coinbase]

The internet is broken.
Want to update it with us?

https://t.co/H9GHgFRvLY

[Nog @stackoor]

Frens,

Over the last two months, I farmed Season 2 of @Juice_Finance & I was just able to claim 309 $Juice that I'm going to stake in @wasabi_protocol to win the next @Blast_L2 jackpot.

It's time to go back to the trenches to farm season 3, which is already live🧃

[Nog @stackoor]

I earned 35,000 $BLAST in @BLAST_L2's Phase 1 airdrop. Join the mission to UNBANK THE BANKED and earn Native Yield + BLAST in Phase 2!

[Nog @stackoor]

@gluk64 @TheZKNation I hodl my airdrops. But problem is I can't claim ZK Sync because I use Argent wallet. I'm eligible for 20,500 ZK tokens, but the ZK Nation UI shows an error when I try to delegate. Support/discord can't help. Hundreds of others with same issue. Pls help!

[Nog @stackoor]

@gluk64 @TheZKNation I hodl my airdrops. But problem is I can't claim ZK Sync because I use Argent wallet. I'm eligible for 20,500 ZK tokens, but the ZK Nation UI shows an error when I try to delegate. Support/discord can't help. Hundreds of others with same issue. Pls help!

[ALEX | ZK @gluk64]

Congrats to @TheZKNation and all the ZK Maxis on the huge milestone!