Cypherpunk Maxi

@StakeDAOHQ Are Curated Vaults still OK?

We are aware of the ongoing situation. Please do not interact with vsdCRV.

@austincampbell @mccallios Let's incorporate everything you mentioned about Ethereum, and now let's discuss Bitcoin.

@mccallios Right, so you articulated a value capture theory for oil: it has utility, so is priced on supply and demand, because it has consumptive utility. So now make me an actual model that does this for ETH and compare it to other alternatives.

Always fun to see people strawman and sidestep the entire argument, then declare victory. If this is the best the ETH community has to offer, this fucking token is going back to $400. Articulate a theory of value capture that justifies the current or a higher token price.

@0iqWireshark Can I unstake $sUSG to $USG instantly without cooldown time?

Now that we’re live, here’s a high-yield strategy with no leverage and 0% interest 👇 1️⃣ Borrow $USG on an HEC market: → Earn the collateral yield while paying 0% interest: - reUSD/scrvUSD ⇒ 10.9% APR - fxUSD/reUSD ⇒ 8.6% APR - fxUSD/USDC ⇒ 10.7% APR 2️⃣ Stake your borrowed $USG into $sUSG → 21% APY (currently) 3️⃣ Total net APR: - reUSD/scrvUSD ⇒ 28.9% - fxUSD/reUSD ⇒ 26.6% - fxUSD/USDC ⇒ 30%

🪾New EIP-8272: Recent Roots for Frame Transactions 🪾 by @soispoke, @nero_eth and @VitalikButerin Another EIP to enable native, trustless, censorship-resistant privacy on Ethereum. tldr: Private transactions on Ethereum often need to prove against a recent commitment tree root. This EIP lets a FrameTx carry that root directly in its signed envelope. The protocol checks that the root was written onchain for the referenced slot and is still inside the usable window. This means validation can use the root without reading arbitrary application storage. The goal is to help private transactions get FOCIL inclusion guarantees by making recent roots part of the partial state attesters will store after the transition to zkEVM. Target fork: Hegota Links below 👇

@allodev @WalletConnect @reown_ Fuck it, we should create a new free open-source alternative.

How is nobody talking about @WalletConnect's new pricing? $890/year just to let your dApp use WalletConnect. Without it, most wallets don't even work, especially on mobile. So what are devs supposed to do now?

@0xcyp lmao 🥴

top 5 crypto in 2027 btw

Have you ever wondered how does Railgun differ from Privacy Pools? Zcash vs Monero? Today you answer that by piecing together docs, blog posts, Twitter threads and code We built the Private Transfers Dashboard to make it easy🧵

@0xmikemcc @trent_vanepps @kassandraETH @aztecnetwork If so, then Privacypools would become the best privacy protocol.

@CypherpunkMaxi @trent_vanepps @kassandraETH @aztecnetwork Not for long 🫡

I want to get a bit more public about the work we at the Kohaku Initiative inside the EF are doing I notice there's hype but there's also confusion. Best way to clarify things is to speak candidly and openly about what I'm working on day-to-day 🧵time (bc i dont pay twitter $)

@0xJoIris @trent_vanepps @kassandraETH @aztecnetwork What if you deposit a large amount of money?

@CypherpunkMaxi @trent_vanepps @kassandraETH @aztecnetwork 0.5% is just bizzare

@trent_vanepps @kassandraETH @aztecnetwork Privacypools charges 0.5% fees, which is the same.

@kassandraETH railgun fee is pretty steep to bundle with something the EF expects to get to (hopefully) many users. any thoughts on an @aztecnetwork integration?

@banteg if they didn’t, where was the budget for them to maintain the development? other foundations did the same, even more without transparency

"The EF has only ~0.16% of all ETH (less than many other individual ETH holders), whereas among other blockchains it's common for "the central foundation" to have 10-50%." — vitalik, after selling 11,703,994 eth

i mean i love Railgun and what they stand for but privacy shouldn't cost 0.5% of your capital

@0xcyp totally agree with you.

@satyaki44 I used to be a fan of Bankless, but now no longer. Fuck Bankless

Why people are giving so much attention to Bankless? Like they stopped being relevant 2 yrs back after a series of events: . Dumping on the community . Promoting rug pull projects . Hosting random convos w/ no clear meat . Charging like $100k for feature!? Don’t get me wrong. I love David & Ryan. Learnt a lot in my initial days 5 years back. But the scene has changed completely in the past few years. People who’re bashing David for off-loading ETH should know that, now they’re just a tech media, not a Ethereum aligned media<>community. Personally happy for Ryan that he’s choosing tranquility, planning a life outside the circus. Time for a new Ethereum aligned media project.

Listening to David’s explanation of why he sold was pretty mind numbing lol… I recently shared that I was a toxic Bitcoin maximalist for roughly 8 years, from 2017 to late 2024. Stablecoins are what initially made me revisit my thesis on Ethereum, and on ether as Ethereum’s native asset. That, combined with the rapid approach of the agentic economy - a world with an infinite number of autonomous economic actors sending value through stablecoins across a small handful of networks that society has deemed valuable - made me reevaluate further. So I went back and revisited my priors on Ethereum. Were my early concerns around centralization, monetary policy, and network effects still valid after all these years? Surely, yes. I set out to prove myself right. I found out I was wrong. The centralization concerns I had entirely faded. While I was 100% encapsulated in my Bitcoin bubble, Ethereum had slowly, quietly, and relentlessly built the only other WWIII-proof, global, credibly neutral, decentralized protocol. And in some areas, Ethereum had actually become more decentralized than Bitcoin: client diversity, validator distribution, and a secure long-term scaling/security model through proof of stake. Ethereum had matured. It had grown out of its early “shitcoin” association. It had become the only truly permissionless, censorship resistant, credibly neutral, and valuable protocol outside of Bitcoin. It grew up. That matters because the only reason I was ever Bitcoin-only was that, at the time, there were no other networks with the protocol traits that could plausibly make all of global finance, and eventually much of humanity, value them at the deepest level. Back then, it was only Bitcoin. So the irony here is incredible. Just as Ethereum and ether have finally matured, just as Ethereum has distanced itself from the decentralized-in-name-only, venture-backed, fake startup, “we’re hiding behind a blockchain” mentality, now a small group of influencers have decided to become negative on Ethereum. When Bitcoiners use the term “shitcoiner,” this is what they are usually talking about. Bag chasers. People who want their chain to act like a company. Permissioned. Hyper-structured. Marketing team. CEO. Quarterly reports. Revenue. Earnings. Some polished growth narrative for VCs. Basically, a bunch of stupid shit that already exists in the fiat world. The same world Bitcoin, and now Ethereum, were created to help us escape from. To suddenly be disappointed that Ethereum has a broader mandate than “pump my bag,” and is instead focused on hardening the traits that make the network valuable over decades, tells you a lot about how these people misunderstand it. CROPS is the value proposition. Censorship resistance. Resilience. Openness. Permissionlessness. Security. That is why society values Bitcoin. That is why society now values Ethereum. And that is why the Laura Shins, Ansems, and David Hoffmans of the world jumping ship now is so revealing. They are not leaving because the thesis broke. They are leaving because they never had the thesis in the first place. They do not and never have seen the value in decentralized, global, open systems - sanctuary technologies or neutral rails that can materially improve people’s lives. What they have always chased is a high-growth stock equivalent with a smaller market cap. A shiny new object that appears once or twice per cycle; violent upward momentum, narrative, and upside without the patience required to actually understand what is being built. They need to chase because they do not have the time horizon to hold a thesis and let conviction compound over time. CROPS is the entire value proposition. Do not let startup-brain influencers, who never understood why this ecosystem was created in the first place, gaslight you out of conviction.

Have you ever wondered just how decentralized @Rocket_Pool is? What ~1500 worldwide node operators supporting rETH looks like?? Look no further, Steely from our community built this beautiful tracker to see attestations in real time all over the world! Ethereum in motion.

@DeFi_Dad buy more ETH

I've long believed the price of ETH overshot Ethereum fundamentals in 2021, by a lot. I'm also not one to complain about it, when price overshoots to the upside. So it's been a healthy, necessary correction over 5 years to allow fundamentals to play catchup. Including the ETH/BTC ratio which needed time to cool off. Now, ETH is better placed to reprice violently next bull. This is one helluva spot for long term buyers, the best r/r imo for ETH buyers since at least last spring when ETH returned to its long term support level around $1400. $2000/ETH will look absurd in a few years time. My personal appetite to buy from 0-100 (100 = max FOMO) sits at these levels for spot buys, when considering a multi-year hold: + Just below $2,000 = 33 + $1750 (April 2025 low) = 50 + $1500 = 75 + Anything below $1400 = 100 I'm basically watching one support level, $1400. The rest is noise. Ethereum 🫡

@saintniko wow, respect 🫡

if ethereum has a million fans, then i am one of them if ethereum has ten fans, then i am one of them if ethereum has only one fan then that is me if ethereum has no fans, then that means i am no longer on earth if ct is against ethereum, then i am against ct

A quick post on how ePBS changes Ethereum scaling: terencechain.com/writing/epbs-c…

I understand the sentiment. Bitcoin’s tokenomics work (so far, currently - you and I agree on the longer term security budget issue) precisely because there is no central foundation with discretion to “focus on price.” The monetary policy is valuable because users believe no committee can easily change it for short-term holder benefit. I agree with you that blockchains are economic systems - including Ethereum. That is exactly why I think “focus on price” is the wrong mandate for a foundation. Good tokenomics matter, but good tokenomics are not the same thing as having an organization engineer price or focus on that. That sort of thing - price discovery - is what markets are for. Bitcoin did not become valuable because the Bitcoin Foundation optimized BTC. It became valuable because the rules were credible, predictable, and resistant to capture. And this was deemed valuable, by society. If Ethereum or any chain has a foundation whose job is to maximize token price, then every protocol decision becomes suspect: are we doing this because it makes the network more decentralized, useful, secure, and censorship-resistant, or because it pumps the token this cycle? That creates terrible incentives: artificial scarcity, higher fees for users, favoring insiders/holders over users/builders, short-term narratives over long-term resilience, and governance capture by people who just want the chart to go up. Ethereum’s monetary premium comes from, and needs to continue to come from, trust that the system will not be corrupted by those incentives. So yes, ETH should have coherent economics. But the best way to make ETH valuable long term is to make Ethereum maximally useful, neutral, secure, censorship-resistant, open, and hard to capture. Price should be the - RESULT - of those properties, not the governance objective.