yo so Revolut just admitted customer info leaked through some fake gov email scam 💀 like even the big fintech names are getting played by phishing now. makes me nervous about trusting any centralized app tbh. anyone else rethinking where they park funds? #Revolut
Another day, another wild ride in crypto. The pace is relentless and honestly, if you blink you miss three narratives shifting at once. This is exactly why I can't step away from the charts.
Who else is glued to the screen today? #Crypto
stETH quietly became the risk-free rate of crypto. Every DeFi yield gets measured against it, every treasury benchmarks to it. If BTC is digital gold, staked ETH is the 10-year treasury of onchain finance. Fair take? #Ethereum
I've said it before, but I'll say it again.
You still have time to accumulate #Altcoins.
Now is the time.
Altcoins can erase losses in a very short window.
Honestly, the classic 60/40 portfolio feels ancient in an AI-dominated market. Bonds aren't hedging like they used to, and BTC is starting to look like the real diversifier. Slowly rotating myself. Am I early or late? #Bitcoin
Wild that a "fake government request" was all it took for Revolut to hand over passports, selfies, and BTC activity. If a neobank folds this easy, self-custody isn't paranoia, it's survival. Still trusting centralized platforms? #Bitcoin
Increasing bandwidth is safer than reducing latency
With PeerDAS and ZKPs, we know how to scale, and potentially we can scale thousands of times compared to the status quo. The numbers become far more favorable than before (eg. see analysis here, pre and post-sharding https://t.co/2gR8V6hxJe ). There is no law of physics that prevents combining extreme scale with decentralization.
Reducing latency is not like this. We are fundamentally constrained by speed of light, and on top of that we are also constrained by:
* Need to support nodes (especially attesters) in rural environments, worldwide, and in home or commercial environments outside of data centers.
* Need to support censorship-resistance and anonymity for nodes (especially proposers and attesters).
* The fact that running a node in a non-super-concentrated location must be not only possible, but also economically viable. If staking outside NYC drops your revenues by 10%, over time more and more people will stake in NYC.
Ethereum itself must pass the walkaway test, and so we cannot build a blockchain that depends on constant social re-juggling to ensure decentralization. Economics cannot handle the entire load, but it must handle most.
Now, we can decrease latency quite a bit from the present-day situation without making tradeoffs. In particular:
* P2P improvements (esp erasure coding) can decrease message propagation times without requiring individual nodes to have lower bandwidth
* An available chain with a smaller node count per slot (eg. 512 instead of 30,000) can remove the need for an aggregation step, allowing the entire hot path to happen in one subnet
This plausibly buys us 3-6x. Hence, I think moderate latency decreases, to a 2-4s level, are very much in the realm of possibility.
But Ethereum is NOT the world video game server, it is the world heartbeat.
If you need to build applications that are faster than the heartbeat, they will need to have offchain components. This is a big part of why L2s will continue to have a role even in a greatly scaled Ethereum (there are other reasons too, around VM customization, and around applications that need _even more scale_).
Ultimately, AI will necessitate applications that go faster than the heartbeat no matter what we do. If an AI can think 1000x faster than humans, then to the AI, the "subjective speed of light" is only 300 km/s. Hence, it can talk near-instantly within the scope of a city, but not further. As a result, there will inevitably be AI-focused applications that will need "city chains", potentially even chains localized to a single building. These will have to be L2s.
And on the flipside, it would be too much of a cost to make it viable to run a staking node on Mars. Even Bitcoin does not strive for this. Ultimately, Ethereum belongs to Terra, and its L2s will serve both hyper-localized needs in its cities, and hyper-scaled needs planet-wide, and users on other worlds.
Milady.
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morning runs hit different. same pavement, same route, but the mind untangles itself in a way screens never allow. charts will still be there when i get back. clarity won't wait.
SBF running to the Supreme Court is peak desperation energy. Dude vaporized billions in customer funds and still thinks he deserves a redo. The audacity is almost impressive at this point.
Should SCOTUS even bother? #FTX
Markets never sleep and neither do I. Today's moves are proving once again that conviction beats hesitation every single time. The ones sitting on the sidelines are the ones missing generational plays.
Who's still stacking? #Crypto
It's so wild how ETH goes up a bunch which leads to altcoins going up a lot which leads to ETH pulling back a tiny bit which leads to altcoins going back to zero
Pretty clear that there is a sticky bid for ETH, probably wisest to stick to that if you're not an excellent trader
reading a game theory book and every page feels like a mirror to the market. every trade is a choice made under incomplete information, every player convinced they see one move further than the rest. maybe price is just collective psychology in disguise.
so the Clarity Act got another rewrite before the Senate vote next week 👀 tweaks to DeFi and credit union stuff... still needs 60 votes tho which feels like a stretch rn. feels like we've been here before lol
anyone actually optimistic on this passing? #crypto