The SEC filings today, filled with factual errors and misleading statements, show concretely that the agency's incompetence is endangering investors.
The most decentralized dApp on Ethereum is Rocket Pool - it has more home stakers than Solana, Gnosis, Polygon, Avax, everything but Ethereum itself.
In a sea of charlatans, Rocket Pool has pioneered true decentralization.
In this post, I will first explain why I believe $rETH is NOT a security by analyzing all of Howey, Reves, and the FIT21 criteria. Next, I will explain several factual errors that the SEC has made in its lawsuit against @Consensys with evidence. After this I will say why Consensys will likely win on summary judgment by analysing the Coinbase victory.
Finally, I will explain how, just like tornado cash, Rocket Pool is unstoppable. Neither the Rocket Pool DAO, nor Rocket Pool LTD., nor the SEC, nor any US or international court has the power to stop people from running nodes at home or holding $rETH in their wallet.
Permisionless. Decentralized. Censorship resistant.
By the end of this thread, I hope you walk away with the knowledge that the SEC is hollow, Ethereum is the future, and Rocket Pool is enabling it.
If you prefer a single long article, check it out - https://t.co/0Ti59K61Bx
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The competition is open until Sunday.
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🌎 The (e)thereum oracle
Ethereum has emerged as one of the most transformative technologies of the 21st century - a credibly neutral platform rooted in decentralization to enable permissionless innovation and revolutionize human coordination.
Leveraging the groundbreaking advancements in Ethereum's proof-of-stake and @eigencloud re-staking technologies, eoracle is set to revolutionize the oracle space.
Our mission is to create the first Ethereum-native oracle designed to equip decentralized application developers with native security and real-world connectivity.
⚙️ The missing piece of Ethereum aligned infrastructure
Over the past decade, the Ethereum community has made extraordinary advancements toward realizing its shared vision while ensuring decentralization. Yet, current solutions to the oracle problem remain out of step with Ethereum's foundational values. Although oracles stand as one of the most crucial pieces of Ethereum infrastructure, the oracle landscape is trending towards a monopoly, with corporate-dominated oracle services holding most of the power and influence.
♾ Introducing eoracle
eoracle is the first Ethereum-native oracle designed as a modular and programmable data layer secured by Ethereum and built with EigenLayer. Offering decentralized applications native security with real-world connectivity and off-chain compute, backed by restaked ETH and the decentralized network of Ethereum validators.
The eoracle network, spawned from the innovative spirit of the Ethereum community and EigenLayer, will help usher in a new era of cryptoeconomically secure price feeds, eventually leading to a fully decentralized, permissionless, and credibly neutral data and computation marketplace.
🌐 The (e)oracle end game
The use and demand for off-chain data will change drastically in the next few years. New use cases will arise, different types of data will become relevant on-chain, and the vulnerabilities from this evolution will dictate new and complex security measures. The answer to the question of how some crucial piece of data is aggregated, secured, priced, and incentivized is not a static one.
eoracle transcends these constraints through the power of #permissionless_innovation and open market dynamics. We envision a marketplace for decentralized data and computation, not confined by corporate-owned black box solutions. eoracle is set to cultivate a permissionless ecosystem, grounded in the principles of perfect competition, where supply and demand naturally align.
🤝 Join us in shaping the future of Ethereum connectivity!
eoracle invites every innovator, developer, and advocate in the #Ethereum community to join us on this journey to redefine the oracle landscape, ensuring the values of decentralization, security, and credible neutrality are upheld.
Join our discord if you don't want to miss what is coming next: https://t.co/XggOXBPXNo