Dr. Memebrain
9.7K posts

Dr. Memebrain
@DrMemebrain
Still working on the cure






A common comparison for Ethereum is that of a tech stock If that is the case then the best proxy would be Intel. At one time, one of the hottest things in the world with unbounded growth expectations A few bubbles later in its lifetime, but generally the first big one was the peak as it becomes more apparent that growth is bounded, innovation slowing, and competitors are taking market share. This results in lower projected growth affecting the multiples that investors are willing to pay Tell me how you pitch 200x PS, negative revenue growth and negative profitability to investors at a $420B price. Crypto retards will buy into this but its a pipe dream to believe that tradfi will buy into it in size given current fundamentals Retardio




Base is doing things the right way: an L2 on top of Ethereum, that uses its centralized features to provide stronger UX features, while still being tied into Ethereum's decentralized base layer for security. Base does not have custody over your funds, they cannot steal funds or stop you from withdrawing funds (this is part of the L2beat stage 1 definition). You can see Base's status as an L2 on l2beat: l2beat.com/scaling/projec… I feel like many people have been confused by recent cynicism and think that things like L2beat are a weird sort of nerd-sharia compliance authority. This is NOT what is going on. The security that L2s provide, that L2beat measures, reflects concrete properties that protect you as a user from being rugged. Here is an explanation of how, if an L2 shuts down, users are automatically able to withdraw funds even without that L2's involvement: x.com/l2beat/status/… Here is an example of how L2s prevent the operator from censoring transactions, that happened on Soneium earlier this year: x.com/gauthamzzz/sta… This is what we mean when we say that L2s are non-custodial, they are extensions of ethereum, not glorified servers that happen to submit hashes. There are concrete pathways implemented in smart contract logic on Ethereum L1, that have been successfully used in the wild, that ensure that the L2 users' funds are ultimately controlled by L1, they cannot be stolen or blocked by the L2 operator.






SOL just flipped ETH in "staking market cap".







Very deluded people are using Straw Man arguments like... "Knots can't prevent spam nor csam. Filters don't make spam impossible. They just make them inconvenient." No one is saying that Knots can prevent bad actors. What is being said is that changes to bitcoin that make it easier to do bad things is not a good thing. The argument is very simple and straightforward and you have to be completely Mind Blind to not be able to see this. If there is a problem, like wooden houses being able to be burned down by fire, you don't make this possibility more likely by introducing accellerants into the paint you use to paint the house. This should not be hard to understand. Similarly, saying astonishingly Mind Blind things like: "Guess what…… a malicious actor can still store garbage on bitcoin if he actually wants it. No filter can prevent this." Again, misses the entire point. Just because something is not possible to prevent it doesn't follow that you should deliberately make it easier to do. There is a lot of Mind Blindness in anything that touches computers and software, and this has always been true. In the right heads, it can be a super power that helps everyone. In the wrong hands, it can be very bad and a disadvantage. People arguing for making it easier to store and retrieve porn from the block chain fall in the latter camp. Ethical people do everything they can to prevent the chain of blocks storing p[]rn. It's as simple as that. And no, rolling your eyes and repeating, "You don't understand" is said so much now that it is a part of the stock Bitcoin Cult rhetoric, and has lost all of it's value, if it ever had any in the first place.










