Nobody expected Kevin Warsh to cut interest rates this time, right? This statement is already pretty good, isn't it? Based on projections, financial repression is still the most likely option, right? But it could be a regionally controlled version. So I'm more hoping for the CLARITY ACT to pass, so they can put the money on the blockchain, okay?
🚨🚨BREAKING: President Trump says the deal with Iran is “now complete�� and authorizes the reopening of the Strait of Hormuz and removal of the U.S. naval blockade, after Pakistan’s prime minister said the U.S. and Iran had reached a peace deal to end military operations on all fronts. 🚨🚨
One key difference between gold and stocks is that gold's holders constitute gold itself, with consensus maintained by laws set by the creator. Stock holders may not constitute the company itself, and consensus is provided by exchanges and market feedback. While BTC holders do constitute BTC, consensus maintenance is partly handled by a group called miners. ETH holders constitute ETH itself and essentially replace those miners.
Copper and silver have similar forms of existence to gold, but with the added influence of industrial attributes as input variables. A significant rise in gold prices either pleases most people or has little impact. If copper and silver prices were the same as gold, your neighbor might struggle to afford batteries or new wiring. Similarly, for Ethereum, for a single transaction, a decrease in transaction fees takes far greater priority than how much ETH is burned.
If you stake ETH, you will be completely oblivious to potential ETH inflation. Theoretically, unless all ETH is staked, the experience for staked ETH will be deflationary.
When the Ethereum Fund dominates the development of the Ethereum network, constrained by various factors, EF must indeed maintain a unilaterally high standard. With EF having almost sold off all its ETH, its role has shifted from a vital component of ETH to that of a worker, thus diminishing its constraint on the Ethereum network's development.
The Bitcoin network is Proof-of-Work (PoW), meaning BTC holders have indirect control over the network; block creation is determined by miners, and direct control of the network rests with them. Because the Ethereum network is Proof-of-Stake (PoS), block creation is determined by ETH holders, giving them direct control over the network. When EF becomes an employee of ETH holders, the story has reached a tipping point; things are about to change. I remain bullish on $ETH.
#ETH #Ethereum #BTC #Crypto #Layer1 #Tokenization #Blockchain
ETH will act as insurance for assets on Ethereum, covering the risk of digital assets being hacked in DeFi, which will give this asset unique value. I'm offering this as a starting point to illustrate a design philosophy for on-chain insurance, or rather, a product prediction. ETH is the only truly rigid asset on the Ethereum network, unaffected by contract, environmental, or third-party risks, and completely bound to the network's freedom. This makes ETH the most suitable underlying asset for asset insurance payouts; while not exclusive, it's inherent. Once a payout is made with ETH, it's a genuine payout, unlike other tokens that introduce other risks or controlling entities.
We can now design an on-chain insurance system composed of insurance pools, searchers, and adjudicators. Insured individuals can insure their DeFi assets against hackers, either in one pool or multiple pools, agreeing to receive compensation in ETH or other designated assets in the event of a claim. Searchers can discover transactions initiated by hackers but not included in the blockchain, and then use the insurance system to negotiate bribes with known subsequent block proposers to exclude the transaction from the blockchain, thus delaying the process. If, during the delayed block period, the alert mechanism successfully freezes the risk for the DeFi administrators, fees are settled with the block proposers, and the policy exit process begins. If an incident occurs, a claims process for the insured is initiated.
This provides an additional layer of protection for DeFi while simultaneously incentivizing block builders to become attack hunters, increasing ETH staking rewards, and the claims mechanism addresses the fluctuating demand for ETH.
Assuming a 1:1 ratio between coverage and assets, an attack is unlikely to succeed while the insurance system is in cooperation with known block builders unless an attacker offers a bribe exceeding the potential reward. This makes it profitable for staking pool operators, MEVs, node operators, client teams, L2 teams, and other parties within the system.
Furthermore, the more decentralized the chain, the more legitimate it becomes.
@VitalikButerin@fundstrat@ethereumJoseph@ethereum@ethereumfndn@HaowiWang@RyanSAdams@superphiz@a16zcrypto@base@Optimism@arbitrum@prylabs@LidoFinance@Stake_Stone
#ETH #DEFI #CRYPTO
People always focus on what Ethereum can do, and everyone is happy while making some money, but they never think about what Ethereum can refuse, and everyone is happy while making some money.
One key difference between gold and stocks is that gold's holders constitute gold itself, with consensus maintained by laws set by the creator. Stock holders may not constitute the company itself, and consensus is provided by exchanges and market feedback. While BTC holders do constitute BTC, consensus maintenance is partly handled by a group called miners. ETH holders constitute ETH itself and essentially replace those miners.
Copper and silver have similar forms of existence to gold, but with the added influence of industrial attributes as input variables. A significant rise in gold prices either pleases most people or has little impact. If copper and silver prices were the same as gold, your neighbor might struggle to afford batteries or new wiring. Similarly, for Ethereum, for a single transaction, a decrease in transaction fees takes far greater priority than how much ETH is burned.
If you stake ETH, you will be completely oblivious to potential ETH inflation. Theoretically, unless all ETH is staked, the experience for staked ETH will be deflationary.
When the Ethereum Fund dominates the development of the Ethereum network, constrained by various factors, EF must indeed maintain a unilaterally high standard. With EF having almost sold off all its ETH, its role has shifted from a vital component of ETH to that of a worker, thus diminishing its constraint on the Ethereum network's development.
The Bitcoin network is Proof-of-Work (PoW), meaning BTC holders have indirect control over the network; block creation is determined by miners, and direct control of the network rests with them. Because the Ethereum network is Proof-of-Stake (PoS), block creation is determined by ETH holders, giving them direct control over the network. When EF becomes an employee of ETH holders, the story has reached a tipping point; things are about to change. I remain bullish on $ETH.
#ETH #Ethereum #BTC #Crypto #Layer1 #Tokenization #Blockchain
One key difference between gold and stocks is that gold's holders constitute gold itself, with consensus maintained by laws set by the creator. Stock holders may not constitute the company itself, and consensus is provided by exchanges and market feedback. While BTC holders do constitute BTC, consensus maintenance is partly handled by a group called miners. ETH holders constitute ETH itself and essentially replace those miners.
Copper and silver have similar forms of existence to gold, but with the added influence of industrial attributes as input variables. A significant rise in gold prices either pleases most people or has little impact. If copper and silver prices were the same as gold, your neighbor might struggle to afford batteries or new wiring. Similarly, for Ethereum, for a single transaction, a decrease in transaction fees takes far greater priority than how much ETH is burned.
If you stake ETH, you will be completely oblivious to potential ETH inflation. Theoretically, unless all ETH is staked, the experience for staked ETH will be deflationary.
When the Ethereum Fund dominates the development of the Ethereum network, constrained by various factors, EF must indeed maintain a unilaterally high standard. With EF having almost sold off all its ETH, its role has shifted from a vital component of ETH to that of a worker, thus diminishing its constraint on the Ethereum network's development.
The Bitcoin network is Proof-of-Work (PoW), meaning BTC holders have indirect control over the network; block creation is determined by miners, and direct control of the network rests with them. Because the Ethereum network is Proof-of-Stake (PoS), block creation is determined by ETH holders, giving them direct control over the network. When EF becomes an employee of ETH holders, the story has reached a tipping point; things are about to change. I remain bullish on $ETH.
#ETH #Ethereum #BTC #Crypto #Layer1 #Tokenization #Blockchain
One key difference between gold and stocks is that gold's holders constitute gold itself, with consensus maintained by laws set by the creator. Stock holders may not constitute the company itself, and consensus is provided by exchanges and market feedback. While BTC holders do constitute BTC, consensus maintenance is partly handled by a group called miners. ETH holders constitute ETH itself and essentially replace those miners.
Copper and silver have similar forms of existence to gold, but with the added influence of industrial attributes as input variables. A significant rise in gold prices either pleases most people or has little impact. If copper and silver prices were the same as gold, your neighbor might struggle to afford batteries or new wiring. Similarly, for Ethereum, for a single transaction, a decrease in transaction fees takes far greater priority than how much ETH is burned.
If you stake ETH, you will be completely oblivious to potential ETH inflation. Theoretically, unless all ETH is staked, the experience for staked ETH will be deflationary.
When the Ethereum Fund dominates the development of the Ethereum network, constrained by various factors, EF must indeed maintain a unilaterally high standard. With EF having almost sold off all its ETH, its role has shifted from a vital component of ETH to that of a worker, thus diminishing its constraint on the Ethereum network's development.
The Bitcoin network is Proof-of-Work (PoW), meaning BTC holders have indirect control over the network; block creation is determined by miners, and direct control of the network rests with them. Because the Ethereum network is Proof-of-Stake (PoS), block creation is determined by ETH holders, giving them direct control over the network. When EF becomes an employee of ETH holders, the story has reached a tipping point; things are about to change. I remain bullish on $ETH.
#ETH #Ethereum #BTC #Crypto #Layer1 #Tokenization #Blockchain
One key difference between gold and stocks is that gold's holders constitute gold itself, with consensus maintained by laws set by the creator. Stock holders may not constitute the company itself, and consensus is provided by exchanges and market feedback. While BTC holders do constitute BTC, consensus maintenance is partly handled by a group called miners. ETH holders constitute ETH itself and essentially replace those miners.
Copper and silver have similar forms of existence to gold, but with the added influence of industrial attributes as input variables. A significant rise in gold prices either pleases most people or has little impact. If copper and silver prices were the same as gold, your neighbor might struggle to afford batteries or new wiring. Similarly, for Ethereum, for a single transaction, a decrease in transaction fees takes far greater priority than how much ETH is burned.
If you stake ETH, you will be completely oblivious to potential ETH inflation. Theoretically, unless all ETH is staked, the experience for staked ETH will be deflationary.
When the Ethereum Fund dominates the development of the Ethereum network, constrained by various factors, EF must indeed maintain a unilaterally high standard. With EF having almost sold off all its ETH, its role has shifted from a vital component of ETH to that of a worker, thus diminishing its constraint on the Ethereum network's development.
The Bitcoin network is Proof-of-Work (PoW), meaning BTC holders have indirect control over the network; block creation is determined by miners, and direct control of the network rests with them. Because the Ethereum network is Proof-of-Stake (PoS), block creation is determined by ETH holders, giving them direct control over the network. When EF becomes an employee of ETH holders, the story has reached a tipping point; things are about to change. I remain bullish on $ETH.
#ETH #Ethereum #BTC #Crypto #Layer1 #Tokenization #Blockchain
One key difference between gold and stocks is that gold's holders constitute gold itself, with consensus maintained by laws set by the creator. Stock holders may not constitute the company itself, and consensus is provided by exchanges and market feedback. While BTC holders do constitute BTC, consensus maintenance is partly handled by a group called miners. ETH holders constitute ETH itself and essentially replace those miners.
Copper and silver have similar forms of existence to gold, but with the added influence of industrial attributes as input variables. A significant rise in gold prices either pleases most people or has little impact. If copper and silver prices were the same as gold, your neighbor might struggle to afford batteries or new wiring. Similarly, for Ethereum, for a single transaction, a decrease in transaction fees takes far greater priority than how much ETH is burned.
If you stake ETH, you will be completely oblivious to potential ETH inflation. Theoretically, unless all ETH is staked, the experience for staked ETH will be deflationary.
When the Ethereum Fund dominates the development of the Ethereum network, constrained by various factors, EF must indeed maintain a unilaterally high standard. With EF having almost sold off all its ETH, its role has shifted from a vital component of ETH to that of a worker, thus diminishing its constraint on the Ethereum network's development.
The Bitcoin network is Proof-of-Work (PoW), meaning BTC holders have indirect control over the network; block creation is determined by miners, and direct control of the network rests with them. Because the Ethereum network is Proof-of-Stake (PoS), block creation is determined by ETH holders, giving them direct control over the network. When EF becomes an employee of ETH holders, the story has reached a tipping point; things are about to change. I remain bullish on $ETH.
#ETH #Ethereum #BTC #Crypto #Layer1 #Tokenization #Blockchain
One key difference between gold and stocks is that gold's holders constitute gold itself, with consensus maintained by laws set by the creator. Stock holders may not constitute the company itself, and consensus is provided by exchanges and market feedback. While BTC holders do constitute BTC, consensus maintenance is partly handled by a group called miners. ETH holders constitute ETH itself and essentially replace those miners.
Copper and silver have similar forms of existence to gold, but with the added influence of industrial attributes as input variables. A significant rise in gold prices either pleases most people or has little impact. If copper and silver prices were the same as gold, your neighbor might struggle to afford batteries or new wiring. Similarly, for Ethereum, for a single transaction, a decrease in transaction fees takes far greater priority than how much ETH is burned.
If you stake ETH, you will be completely oblivious to potential ETH inflation. Theoretically, unless all ETH is staked, the experience for staked ETH will be deflationary.
When the Ethereum Fund dominates the development of the Ethereum network, constrained by various factors, EF must indeed maintain a unilaterally high standard. With EF having almost sold off all its ETH, its role has shifted from a vital component of ETH to that of a worker, thus diminishing its constraint on the Ethereum network's development.
The Bitcoin network is Proof-of-Work (PoW), meaning BTC holders have indirect control over the network; block creation is determined by miners, and direct control of the network rests with them. Because the Ethereum network is Proof-of-Stake (PoS), block creation is determined by ETH holders, giving them direct control over the network. When EF becomes an employee of ETH holders, the story has reached a tipping point; things are about to change. I remain bullish on $ETH.
#ETH #Ethereum #BTC #Crypto #Layer1 #Tokenization #Blockchain
One key difference between gold and stocks is that gold's holders constitute gold itself, with consensus maintained by laws set by the creator. Stock holders may not constitute the company itself, and consensus is provided by exchanges and market feedback. While BTC holders do constitute BTC, consensus maintenance is partly handled by a group called miners. ETH holders constitute ETH itself and essentially replace those miners.
Copper and silver have similar forms of existence to gold, but with the added influence of industrial attributes as input variables. A significant rise in gold prices either pleases most people or has little impact. If copper and silver prices were the same as gold, your neighbor might struggle to afford batteries or new wiring. Similarly, for Ethereum, for a single transaction, a decrease in transaction fees takes far greater priority than how much ETH is burned.
If you stake ETH, you will be completely oblivious to potential ETH inflation. Theoretically, unless all ETH is staked, the experience for staked ETH will be deflationary.
When the Ethereum Fund dominates the development of the Ethereum network, constrained by various factors, EF must indeed maintain a unilaterally high standard. With EF having almost sold off all its ETH, its role has shifted from a vital component of ETH to that of a worker, thus diminishing its constraint on the Ethereum network's development.
The Bitcoin network is Proof-of-Work (PoW), meaning BTC holders have indirect control over the network; block creation is determined by miners, and direct control of the network rests with them. Because the Ethereum network is Proof-of-Stake (PoS), block creation is determined by ETH holders, giving them direct control over the network. When EF becomes an employee of ETH holders, the story has reached a tipping point; things are about to change. I remain bullish on $ETH.
#ETH #Ethereum #BTC #Crypto #Layer1 #Tokenization #Blockchain