theRealPeoplesChamp

My autobiography would be titled: "There are no math questions in trivia."

@scrolltax @TrustlessState Robe is bc David was just at home dying his beard.

thank you @TrustlessState for being so brave in kicking off the #SaveEthereum viral trend. tag a friend and use the #SaveEthereum hashtag to show your support!!! see you scrollers shaking it on the timeline xoxox

@ArtOnBlockchain Love this.

Heya Squiggle appreciators I created a Google Chrome "new tab" implementation for the Chromie Squiggle. Each time you open a new browser window it picks a random Squiggle (or diptych or triptych) and runs it live in your browser window. The package includes both the Squiggle algorithm and the 10k token hashes enabling it to run fully offline. I was a huge fan of the new tab implementation by Async Art and am grateful to new tools that make it possible to put something like this together in a couple of hours. Thanks to @backseats_eth for the nudge! Feedback always welcome. Enjoy! chromewebstore.google.com/detail/chromie…

When the entire telegram made money except you

As terrible as OCP2.0 itself was, @FDICgov's abuse of FOIA Exemption 8 to cover it up has arguable been even worse. If we want government accountability, we need government transparency. As explained below, FDIC's redactions of its response to our FOIA request pursuant to Exemption 8 reflect blatant misrepresentations. 1/6

@twobitidiot @RyanSAdams

@RyanSAdams Say my name.

Gary Gensler and the SEC tried hard to make ETH a security in the U.S. and they failed. Why did they fail? Because the crypto community politically organized and pushed back. It's a long journey but we've made major progress since 2022. We will win crypto freedom in America.

@SGJohnsson @NateGeraci @EricBalchunas @Vlajournaliste ...party did not **fully** agree...

@0xSters @NateGeraci @EricBalchunas @Vlajournaliste Vast majority of Dems voted with the president.

Submitting this as yet another piece of evidence on why spot eth ETF approval wasn’t political… Here’s SEC Commish Hester Peirce to WSJ (important b/c SEC didn’t comment after 19b-4 approval). CME-traded eth futures = key, not some 11th hr call from Biden. via @Vlajournaliste

@SGJohnsson @NateGeraci @EricBalchunas @Vlajournaliste Its the only issue which demonstrated the party did not agree with the administration.

@NateGeraci @EricBalchunas @Vlajournaliste Not clear to me why the veto is evidence of anything either way. Theres about 100 balls in the air re: crypto by this admin. Did anyone seriously think they were going to pivot on all of them? Why is SAB 121 the one they needed to pivot on to confirm ETH ETF was political?

@twobitidiot @ErikVoorhees

@chippiNFT @MooTheDefiDegen @TheFutureisDAO1 🫡🌭

@MooTheDefiDegen @TheFutureisDAO1 @0xSters 🫡🌭

what I say to those who say $COST won't reach 1.50

@GaryGensler @SECGov What about being caught lying to a judge in the debt box case?

We’ve filed more than 2,000 enforcement actions. And @SECGov enforcement actions have resulted in orders for more than $6 billion in civil penalties and more than $6 billion in disgorgement.

It’s been an honor to serve as @SECGov Chair. Over the past 3 years, I’ve seen firsthand how the incredible staff at the SEC serve investors and issuers alike. A thread 🧵

@GaryGensler @SECGov Making number of enforcement actions the Commission's primary success metric is bizarre and has high potential for perverse incentives.

The Committee for un-fragmented liquidity and next generation bridging. L2 szn over.

@xBenJamminx @ammori @Uniswap gary won't be around to see this through

1/ Today’s Wells notice against @Uniswap is disappointing, but is not unexpected from this SEC It’s another abuse of power – unsurprising from an SEC that: Last month, a federal judge ruled committed a "gross abuse of power" by lying in court about a crypto project

@PeterLBrandt Now do staked Ether / Bitcoin

I get tired of saying it, but $ETH is a junk coin despite mindless devotion of Etheridiots. As a store of value it is junk - a $BTC pretender Its functionality is also junk - difficult to deal with L2s and outrageous gas fees Of course it will always attract "investors"

@danheld Imagine if they put this much effort into fixing the failed txs

The cure for Ethereum maximalism😂

Not everyone will make it this cycle. You need to shift your mindset and detach from the crowd. Coinbase app ranking will not tell you when the top is in. Start thinking differently. “When a measure becomes a target, it ceases to be a good measure.” In other words, when we set one specific goal, people will tend to optimize for that objective regardless of the consequences. This leads to ignoring other equally important factors of a situation. Furthermore, let me tell you that most of the top signals mentioned on CT won't work this time. What was an obvious top signal in 2017 wasn't in 2021, and the same goes for 2024-25. We’re moving towards the right curve of the adoption rate, and now all retail knows about crypto - some heard about it in 2017, and then almost everyone heard about it in 2021. Don't mix the signs of adoption with top signals. Don’t let the PTSD ruin your fun. Another point to address is the shift of influence - BlackRock & Co. controls Bitcoin now. They are the major ETF providers and own shares of each other. So, they control the sentiment around BTC now. And they also own all the media platforms. They can literally shape the narrative as they want. Let me re-phrase it like this: If most of this run-up is driven by institutional bids, why would retail indicators be relevant? The indicator for this cycle will come from the people who haven’t been onboarded yet. Yes, It can be retail who still haven't touched crypto - "late majority" and "laggards" - but you gotta think on a bigger scale. Sovereign Wealth Funds Think of those countries with a sovereign wealth fund starting to diversify in $BTC. Some already invest in stocks, so it might be possible to see this scenario. • Saudi Arabia - $400 billion • Abu Dhabi - $800 billion • China - $1 trillion • Norway - $1 trillion • Australia - $150 billion • Qatar - $300 billion • Singapore - $500 billion Corporate Treasuries We have already seen this in 2021 with Tesla purchasing $BTC and, more recently, with Reddit disclosing some of its crypto holdings. The trend is just starting. Once you see daily headlines of companies diversifying their assets into ,it might be rational to start derisking. Stock Market IPOs Coinbase IPO in 2021 was the first major crypto company to be listed in the stock market. We might see this time tens of crypto companies doing their IPOs, and at some point, one listing will mark the top. Over-Leveraging Big hedge funds, companies, and maybe even small countries over-leveraging in the final stages of the bull run and getting rekt could be another scenario we might see this cycle. Rehypothecation Crisis The next Luna-type of collapse might come from the restaking sector and kickstart the bear market. It seems like everyone is overlooking the huge consequences of a depeg or slashing event in this sector. Gold Reserves The ultimate ultra top signal could be governments diversifying a small % of their gold reserves into Bitcoin - the "digital gold". Some additional minor signals Low-Income Countries Workers Shortage Another big signal is when low-income countries will have a shortage of workers because these are making $300 to $600 a month mapping the roads with hivemapper or other DePIN projects and earning a higher salary than what they'd normally get. Happened at a small scale last cycle with Axie and StepN. Will happen at a larger scale this cycle. Las Vegas Sphere Time Square was full of shit memecoins in 2021. The Las Vegas Sphere with crypto ads running on it for weeks straight will be the version of this cycle. Funding Rounds A pretty secure signal again will be checking the volumes of VC investments. Funding rounds skyrocketing and, maybe overpassing tradFi ones might be the indicator again to start exiting. “The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market. - George Soros.

the @coinbase smart wallet is the most important new product since @base and the most consequential consumer wallet launched in the last 5 years. it's the last piece to bring billions of people onchain — because it "just works." see for yourself smart-wallet.xyz

Thanks to everyone who came out to our ETHDenver meetup last night! 🏔️ Catch you all next year!

The aggregation age is at ETHDenver with @0xpol