20h50.eth | 9pages.eth 🦇🔊

🚨 WATCH: Chairman @SenatorTimScott leads the Senate Banking Committee in a historic markup of the CLARITY Act, legislation to establish clear rules of the road for digital assets. twitter.com/i/broadcasts/1…

@BankingGOP @SenatorTimScott Warren is insufferable

Let’s go. Let’s show. Let’s rodeo. CLARITY is coming.

We've worked with Democrats for 9+ months to get this bill ready. It creates a regulatory framework that doesn't exist yet in the digital asset world — right now it's the wild west. This bill brings the industry into the fold here in the U.S. to serve the American consumer.

Starting the morning with my friends on @SquawkCNBC to discuss today’s market structure markup. It’s time to pass the Clarity Act!

$ETH

The Senate Banking Committee’s CLARITY Act is the result of more than ten months of good-faith, bipartisan negotiations and has benefited from consultation with industry participants, legal and academic experts, and key stakeholders. Here are the facts: banking.senate.gov/newsroom/major…

@Josh_HokitUFC Of course not you are insignificant and Costa will make you his bitch

Do you think he’s thinking of me when he is sparing?

Keyed nonces are not just a way to add stronger in-protocol support for privacy solutions. They are also a potential first foray into a new state scaling strategy for Ethereum: create new types of storage that are more optimized for handling categories of use cases that we care about, with restrictions on their use that make them usable at extreme scale while preserving the protocol's decentralization. Let's zoom in on this case (in-protocol nullifiers). Let's say we get to 2000 TPS of privacy-preserving transactions onchain, for eight years. Then we get 2^11 tx/sec * 2^25 sec/year * 2^3 years = 2^39 [ie. 500 billion] nullifiers stored onchain (the challenge with nullifiers is that they are fundamentally not possible to prune). It's actually far easier to keep Ethereum decentralized if we have 500 billion nullifiers onchain in a dedicated nullifier store, than if we just let them grow in the current state. The reason is that the more restrictive structure of nullifiers (only used to check validity, and we can require the nullifier ID to be explicitly specified in the tx) enables more decentralized ways of handling them. This includes: * Sharding: each node (incl builders) can hold a small percentage of nullifiers, and make sure to have a connection to an honest peer in each other shard * Bloom filters: see this somewhat wacky idea here for reducing the VOPS requirement for nullifiers to ~8 bits per nullifier: #k=UT7Btd6tyqHgOj47t-TX06F8D6OpcpM_2PKdf7s4tGE" target="_blank" rel="nofollow noopener">docs.fileverse.io/d/020001fc0012… Both techniques are not possible to use for dynamically accessible state. And so builders would have to download the full 16 TB to become viable (not just optimal, viable!), and privacy protocol users would not be able to use FOCIL without providing a Merkle branch proving that their nullifier is unspent, and there would be very few nodes capable of providing such a branch... Zooming back out, the moral of the story is that fully dynamic state is much harder to handle at extreme scale (tens to hundreds of TB) than state that is more controlled and restricted in how it can be used. And so if we can move the majority of usage into these more specialized forms of state (which we can make much cheaper in terms of gas), then we can keep Ethereum decentralized, and highly scalable, and keep the fully dynamic state available for applications (eg. defi) that really need its full functionality.

@fundstrat @FundstratCap I’d work for you for free

Fundstrat Capital @FundstratCap is hiring 👇 Please apply if this is for you

₿oundless possibilities. I'm incredibly impressed by Adm. Paparo's foresight & use of Bitcoin for natl security. We're watching digital assets integrate into global power infrastructure. It’s time we welcome them back on our soil. Pass the Clarity Act, secure America’s future.

CLARITY Act passing unlocks a supercycle bull run. Bankers are trying to stop it! Get LOUD! We demand CLARITY NOW!

@leolanza AGI is a pipe dream and not arriving any time soon.

AGI arrives tomorrow. It creates a utopia. It also exterminates all life. Should we continue…

Today we make the case for ETH as a superior monetary good—and how, if it captures the monetary premium currently held by gold and bitcoin, the implied long-term price could exceed $250,000 per token. Executive Summary: 1. Gold and Bitcoin don’t compound. Warren Buffett never held gold. His objection was not about scarcity—he acknowledged gold was scarce. His objection was that scarcity without productivity is economically sterile: “If you own one ounce of gold for an eternity, you will still own one ounce at its end.” The same criticism applies to Bitcoin. 2. ETH is the first monetary asset that compounds without counterparty risk. For all of human history, you had to choose: hold money (stable, unproductive) or invest it into productive assets (risky, wealth-generating). The two categories were mutually exclusive. Ethereum dissolves this distinction—you lock capital into the protocol’s consensus mechanism and earn yield generated by the network itself. 3. ETH is better money than gold and Bitcoin by every other measure. Its supply growth is capped at 1.5% by the protocol and offset by a burn mechanism that can make it deflationary. It can be transferred anywhere on Earth in seconds, stored in a memorized twelve-word phrase, and carried across any border beyond the reach of any government. And its proof-of-stake consensus mechanism is more secure and durable than Bitcoin’s proof-of-work. 4. The combined monetary premium of gold and Bitcoin is approximately $31 trillion. If ETH captured that premium — distributed across ~121 million ETH — the implied price would be north of $250,000. Today it trades around $2,300. 5. Productive money will outcompete dead capital. Over a long enough time horizon, productive assets outperform unproductive ones, because productive assets compound. The only question is how long it takes the rest of the world to figure that out.

@enesonchain Yes

What I learned after being in crypto full time for the past 6 years is Almost nothing is truly Decentralized AAVE ? no because my funds are frozen right now Arbitrum ? glad they saved the funds but its not decentralized Drift ? haha even Hyperliquid ? we know its not It makes me wanna do dump all my alt coins, only buy bitcoin and ETH and log off

@adam3us Adam’s reasoning: Bitcoin is used for something bad therefore Bitcoin is bad.

told you so👎bitcoiners so tired of being right. re DeFi (aka dinoFi) high recursive leverage, contagion and EVM "rich stateful" nonsense/bridge unsecurability. x.com/adam3us/status…

@cmsinvests Yes. But you could do better.

Sometimes I feel like putting my entire $30,000 portfolio into $VOO and just let it ride for the next 40 years. I’m currently 18, would this be a good idea?

@BorrachinhaMMA Here’s and idea for you 🔥

Same person. Two completely different versions. Which weight class should I be in? 👇

@GadSaad @BarackObama Exactly. Hypocrites.

@BarackObama If candidate A wins, it’s a victory for democracy. If candidate B wins, it’s not a victory for democracy. Democracy wins only when the outcome is the one that I support. Otherwise, it’s Nazism. @BarackObama is a true hero.

The victory of the opposition in Hungary yesterday, like the Polish election in 2023, is a victory for democracy, not just in Europe but around the world. Most of all, it’s a testament to the resilience and determination of the Hungarian people – and a reminder to all of us to keep striving for fairness, equality and the rule of law.