BLACK LEDGER

One metaphor for Ethereum is BitTorrent, and how that p2p network combines decentralization and mass scale. Ethereum's goal is to do the same thing but with consensus. Another metaphor for Ethereum is Linux. * Linux is free and open source software, and does not compromise on this * Linux is quietly depended on by billions of people and enterprises worldwide. Governments regularly use it. * There are many operating systems based on Linux that pursue mass adoption * There are Linux distributions (eg. Arch) that are highly purist, minimalistic and technologically beautiful, and focus on making the user feel powerful, not comfortable (Actually, BitTorrent is depended on by enterprises too: many businesses and even governments (!!) use it to distribute large files to their users makeuseof.com/tag/8-legal-us… ) We must make sure that Ethereum L1 works as the financial (and ultimately identity, social, governance...) home for individuals and organizations who want the higher level of autonomy, and give them access to the full power of the network without dependence on intermediaries. At the same time, what Linux shows is that this is fully compatible with providing value to very large numbers of people, and even being loved and trusted by enterprises worldwide. Many enterprises in fact desperately want to build on an open and resilient ecosystem - what we call trustlessness, they call prudent counterparty risk minimization. This is the gwei.

On-chain Perps Volume is cooling off during the market downturn — except on #Tron. #Tron's daily Perps Volume has topped $1B for two days straight, and 7-day Perps Volume reached $5.77B, up 176% WoW.