swft

onchain | dev | data | building @protonauts

[swft @swftbb]

convictions unchanged

[swft @swftbb]

opening twitter and seeing the lack of conviction

[swft @swftbb]

@DeeZe big man blastoise

[THE SHORT BEAR @TheShortBear]

I have never seen so many people capitulating out of $ETH or crypto.

Some are writing blogs and essays explaining why it failed, mainly naming how other chains won the race, measured by fees taken in.

Some of my thoughts, in these hard times:

Time will tell, but I think many people are mistaken in treating $ETH like an end-stage $AMZN, as if the main question is already about mature margins, fees, and cash flows.

In reality, Ethereum is still very much earlier in its economies-of-scale phase, with nearly all metrics in the top right corner and growing at mid double digits to tripple.

Furthermore, most of the market is focused on the wrong battle: who can become the fastest and cheapest payment processor.

Lower fees, higher throughput, faster settlement. But that is likely a race to commoditization, similar to the payment processors crash over the last years.

If the only value proposition is speed and cost, then the moat gets thinner over time, easy disruptable. Someone can always be faster. Someone can always subsidize fees lower. Someone can always optimize one narrow use case.

The real value may not be in the transaction fee itself.

The real value is likely in the amount of economic activity secured by the network, the credibility of that security, the neutrality of the base layer, and the difficulty of replacing it once enough assets, applications, institutions, and users depend on it.

That is where Ethereum seems different to me and why so many institutions are choosing $ETH.

Most other projects still feel replaceable. They may have better performance in one area, better UX in another, or lower fees in the short term. But if their advantage is mainly technical efficiency, that advantage can be copied, competed away, or made irrelevant.

The newest hottest thing today is replacing the hottest thing from last quarter.

Ethereum’s bet appears to be much larger: become the most secure, decentralized, credibly neutral settlement layer for the internet economy.

Not the cheapest rail.
The hardest rail to replace.

In the end, the most valuable network may not be the one with the lowest transaction costs. It may be the one people trust most to secure the highest-value assets and applications over the longest period of time.

If $ETH can retain its market share while continuing to scale through upgrades that improve speed, throughput, and fees, its potential remains significant, especially if AI agents become truly crypto-native.

If it combines all of the above and earn the crown as the leading value-secured network, then $ETH could eventually be viewed as something like a truly decentralized, inflation-adjusting global bond: securing the world’s assets, free from political meddling, and deserving of a premium market cap because of the value it protects on top of the deflationary pressures create incentives to stake, get yield and trust the equivalent of buybacks and griwth in value secured to provide additional value.

Keep in mind over 1/3 of $ETH is now staked!

In that scenario, $ETH would not just be another asset to hold. It could become one of the only truly neutral and secure bonds for the digital economy.

... But sure, lets compare it to $SOL with 6% inflation, no moat, no security, massive outages, decreasing validator nodes and alike.

it just all feels like people are getting lost in short term fees and the easiest valuation attempt rather than what $ETH is actually built for, all while its testing its bottom range and players go full portfolio into AI.

[Andreas Bigger @andreaslbigger]

Bankless guy sold the last bit of his eth. Drop the thesis.

[swft @swftbb]

@TrustlessState one of those bottom signals you can only dream about

[swft @swftbb]

lot of vc chains gunna go to 0 overnight btw

[swft @swftbb]

what a weekend to rewrite my whole backend :)

[swft @swftbb]

@spacetime_db the replies 😭 ggs bros. even more a reason to try out spacetime

[swft @swftbb]

@ThePrimeagen not more than garry tan on a tuesday

[swft @swftbb]

this is peak

art is sometimes about the medium, but always about the message

[𒐪 @SHL0MS]

i just generated an image in the style of a Monet painting using AI

please describe, in as much detail as possible, what makes this inferior to a real Monet painting

[swft @swftbb]

@perotta @adamisnotroman @ThePrimeagen bro is payout maxxing

[Theo - t3.gg @theo]

Another $6000 payout 👀

X revenue share is officially paying me more than YouTube Adsense

[swft @swftbb]

all of these things were pre-existing human engineered vulnerabilities

they were most likely found and exposed with AI tools

there will be more

[Theo - t3.gg @theo]

Security things from the last few days:
- CopyFail (linux pwn'd)
- CopyFail 2/Dirty Frag
- 13 advisories in Next.js
- Over 70 CVEs addressed in MacOS 26.5
- ~50 CVEs addressed in iOS 26.5
- YellowKey (Windows Bitlocker pwn'd entirely)
- GreenPlasma (Windows privilege escalation)
- CVE-2026-21510 and CVE-2026-21513 confirmed to be used by Russia for Windows RCE
- CVE-2026-32202 separately confirmed to be used by Russia for sensitive document access
- Mini-Shai Hulud (over 300 JS and Python packages compromised via GitHub Action cache poisoning)
- Google confirms they have identified AI-powered exploitation of zero days in an unidentified "open-source, web-based system administration too"
- Canvas (popular LMS used in most schools) pwn'd entirely
- PAN-OS (palo alto networks) pwn'd with a 9.3 severity CVE-2026-0300

Are you scared yet?

[swft @swftbb]

@AzFlin @onchainheroes will be interesting to play around with. if the risk curve rewards skill over RNG it could be solid. hope it’s less of a casino

[swft @swftbb]

@apixtwts this a good one fr fr

[swft @swftbb]

@tekbog simulation theory playing out cleanly

[swft @swftbb]

when Claude starts referring to the codebase as “my code” instead of “your code”

[swft @swftbb]

convictions unchanged

[swft @swftbb]

when you need ASI to read solana transactions

[mert @mert]

block explorers are dead

introducing @LanaAI — an AI that lets you talk to Solana interactively

- ask anything about tokens or wallets
- trace transactions, flows, and histories
- generate reports and CSVs
- rebalance your portfolio, place trades, and more

now in open beta

[Etherealize @Etherealize_io]

https://t.co/QDMLH4aSMF

[swft @swftbb]

@uttam_singhk lmao