Blueonchaiih
2.4K posts

Blueonchaiih
@Blueonchaiih
hear me, don't air me. All about DeFi || DAOs || NFTs || CEX || DEX. All Opinions are mine
Katılım Temmuz 2022
43 Takip Edilen1.2K Takipçiler

@spalled_tread What specific infrastructure developments do you think are most similar to TCP/IP or HTTP from the early internet days?
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just realized we're literally living through the early internet era but for blockchain 🤯
same energy as "why would I need email" in the 90s. the infrastructure is being built RIGHT NOW and most people are still sleeping on it
#blockchain #Web3
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@FractalFugitive Volatility cuts both ways - that's why position sizing matters more than entry timing. Most people learn this lesson the expensive way 📉
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just spent the morning exploring new Web3 projects and honestly the innovation happening right now is insane 🚀 we're literally building the internet we deserve, owned by US not big tech. still so early fam 💎🙌 #Web3 #DecentralizedFuture
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@slag_cimbasso How do you think about the trade-off between decentralization and the recovery/support issues when there's no company to help if something goes wrong?
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@Th3L3dg3rV3 lol that's actually a good sign you're not checking the chart every 5 mins. but seriously, if you can't articulate why you own it beyond "art looks cool," might be time to reassess 🤔
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@AltcoinDaily That's the gambler mindset that wipes out 95% of people. Focus on not losing your $1k first, then think about realistic gains 📉
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@VesperVaulznv9 What protocols have you noticed making the biggest improvements in UX? Curious which ones you think have actually sustainable yields now vs just lower APYs
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Noticed DeFi protocols are finally prioritizing user experience over complexity. Yields are more sustainable now compared to the crazy APYs of 2021, but at least you're less likely to get rugged. Slow progress beats hype cycles. #DeFi #CryptoMarkets
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@ParallaxPact That 21M cap hits different when you realize central banks added more to their balance sheets in 2020 alone than Bitcoin's entire supply will ever be 📊
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@DeFi_Dialejxsx Optimism is great but "wagmi" really depends on your risk management. 70% of retail still buys near tops. DCA and position sizing matter more than conviction when volatility hits.
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@memeabbey19 But how do we handle the case where someone's private keys get compromised or lost? Doesn't that break the whole ownership proof?
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Blueonchaiih retweetledi

🚀 wXRP is now live on @solana, enabled by @Hex_Trust and @LayerZero_Core.
Growing demand for $XRP is driving liquidity cross-chain—opening new paths across ecosystems and expanding the overall market.
Solana@solana
BREAKING: XRP is live on Solana
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@bridge_colsotp Agree on the infrastructure thesis, but institutional entry has been slower than hoped. Worth watching staking yields vs treasury rates - currently ~3.5% makes the risk/reward challenging for tradfi allocators.
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@bridge_colsotp All true on the tech side, but the real question is whether rollups can actually scale DeFi profitably without sacrificing decentralization. Energy efficiency alone doesn't guarantee sustainable fundamentals 🤔
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@jet_click How do you see protocol-level chain abstraction handling liquidity incentives across chains without creating new centralization risks?
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The real bottleneck in DeFi isn't gas fees anymore—it's liquidity fragmentation. We've got dozens of chains, each with isolated liquidity pools. Cross-chain aggregators are cool, but we need native chain abstraction at the protocol level to actually solve this.
#DeFi #CrossChain
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Blueonchaiih retweetledi

I was recently at Real World Crypto (that's crypto as in cryptography) and the associated side events, and one thing that struck me was that it was a clarifying experience in terms of understanding *what blockchains are for*.
We blockchain people (myself included) often have a tendency to start off from the perspective that we are Ethereum, and therefore we need to go around and find use cases for Ethereum - and generate arguments for why sticking Ethereum into all kinds of places is beneficial.
But recently I have been thinking from a different perspective. For a moment, let us forget that we are "the Ethereum community". Rather, we are maintainers of the Ethereum tool, and members of the {CROPS (censorship-resistant, open-source, private, secure) tech | sanctuary tech | non-corposlop tech | d/acc | ...} community. Going in with zero attachment to Ethereum specifically, and entering a context (like RWC) where there are people with in-principle aligned values but no blockchain baggage, can we re-derive from zero in what places Ethereum adds the most value?
From attending the events, the first answer that comes up is actually not what you think. It's not smart contracts, it's not even payments. It's what cryptographers call a "public bulletin board".
See, lots of cryptographic protocols - including secure online voting, secure software and website version control, certificate revocation... - all require some publicly writable and readable place where people can post blobs of data. This does not require any computation functionality. In fact, it does not directly require money - though it does _indirectly_ require money, because if you want permissionless anti-spam it has to be economic. The only thing it _fundamentally_ requires is data availability.
And it just so happened that Ethereum recently did an upgrade (PeerDAS) to increase the amount of data availability it provides by 2.3x, with a path to going another 10-100x higher!
Next, payments. Many protocols require payments for many reasons. Some things need to be charged for to reduce spam. Other things because they are services provided by someone who expends resources and needs to be compensated. If you want a permissionless API that does not get spammed to death, you need payments. And Ethereum + ZK payment channels (eg. ethresear.ch/t/zk-api-usage… ) is one of the best payment systems for APIs you can come up with.
If you are making a private and secure application (eg. a messenger, or many other things), and you do not want to let people to spam the system by creating a million accounts and then uploading a gigabyte-sized video on each one, you need sybil resistance, and if you care about security and privacy, you really should care about permissionless participation (ie. don't have mandatory phone number dependency). ETH payment as anti-sybil tool is a natural backstop in such use cases.
Finally, smart contracts. One major use case is _security deposits_: ETH put into lockboxes that provably get destroyed if a proof is submitted that the owner violated some protocol rule. Another is actually implementing things like ZK payment channels. A third is making it easy to have pointers to "digital objects" that represent some socially defined external entity (not necessarily an RWA!), and for those pointers to interact with each other.
*Technically*, for every use case other than use cases handling ETH itself, the smart contracts are "just a convenience": you could just use the chain as a bulletin board, and use ZK-SNARKs to provide the results of any computations over it. But in practice, standardizing such things is hard, and you get the most interoperability if you just take the same mechanism that enables programs to control ETH, and let other digital objects use it too.
And from here, we start getting into a huge number of potential applications, including all of the things happening in defi.
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So yes, Ethereum has a lot of value, that you can see from first principles if you take a step back and see it purely as a technical tool: global shared memory.
I suspect that a big bottleneck to seeing more of this kind of usage is that the world has not yet updated to the fact that we are no longer in 2020-22, fees are now extremely low, and we have a much stronger scaling roadmap to make sure that they will continue to stay low, even if much higher levels of usage return. Infrastructure for not exposing fee volatility to users is much more mature (eg. one way to do this for many use cases is to just operate a blob publisher).
Ethereum blobs as a bulletin board, ETH as an asset and universal-backup means of payment, and Ethereum smart contracts as a shared programming layer, all make total sense as part of a decentralized, private and secure open source software stack. But we should continue to improve the Ethereum protocol and infrastructure so that it's actually effective in all of these situations.
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@smut_fungus True, but most users didn't care about internet privacy until the big breaches hit. Cambridge Analytica alone affected 87M users. The value prop becomes clear when centralized systems fail.
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