Smoke

During Consensus, I was asked several times about the story of ethereum:0xf280b16ef293d8e534e370794ef26bf312694126 as far as we were aware. Many people were pleasantly surprised by how we managed to exit our position without damaging the community. This is the summary. When we set up the process for accepting crypto donations at @stjude, we set the criteria that we would convert the assets donated as soon as reasonably possible. St. Jude Children's Research Hospital is focused on leading the way that the world understands, treats, and defeats childhood cancer and other life-threatening diseases. While we (the crypto industry) may wish the world would leap forward and be more on-chain, that isn't how it currently exists and we need dollar denoted currencies to run the hospital. Nearly 2 years ago, .5% of ASTEROID was sent to the St. Jude ETH wallet. We didn't have a way to readily convert it into US Dollars, so we left it in the wallet. Due to external factors, the token went from a market cap of ~$20k to over $150M. Our position fluctuated between $500k and $1M in valuation. I had several messages asking if what we were going to do, and I responded to a few that we were figuring it out. The next 48 hours were a whirlwind of approvals, but I knew two things. We would need to go to a DEX (a first for our mission) and that we would need to avoid hurting the community. Leadership understood and gave approval for the approach and we proceeded. Some people may disagree with how we did it, but I believe it to be the best option out of the ones that we had. Over 2 days, we proceeded to exit the position in 12 varying sized tranches. During the entire process, we kept an eye on liquidity of the token and did our best to ensure it never dropped below $3.5M and that the Net Buy pressure didn't exceed $75k. We exited the position with over 290 ETH valued at ~$676k. Thank you to the ethereum:0xf280b16ef293d8e534e370794ef26bf312694126 community that came together on this asset. These monies will go a long way in support of the life saving mission of St. Jude. Disclaimer: Discussion of a token is not an endorsement of the token, do your own research. Opinions expressed are solely my own and do not express the views or opinions of my employer. For media outlets, please reach out directly.

$para • ethereum ca: 0x62a82bba4365bc13cba70fefb834defd1f5b0044 supply: 1,000,000 $para ape at your own risk. the parasite does not care. parasitus.wtf

@VitalikButerin created a new repo called SPHINCS-github.com/vbuterin/sphin…

Project $PENIS: A New Framework to Create the Perfect Memecoin The 2025–2026 cycle has produced a striking divergence between equity and memecoin returns. SanDisk ($SNDK) has appreciated approximately 478% year-to-date in 2026. Micron Technology ($MU) is up roughly 125% YTD. Intel ($INTC) and AMD ($AMD) are trading at all-time highs through Q1. And this is just to name a few. Memecoins, despite their structural sensitivity to the same speculative liquidity, have not produced a comparable run. Most launches in the period have failed within the first day of deployment. We propose that this divergence is not coincidental, and that the distribution of memecoin outcomes in the cycle is largely explained by violations of identifiable design constraints. We have formalised these constraints in a research paper, A New Framework to Create the Perfect Memecoin (Allus, 2026), now available at projectpenis.org. Framework The paper specifies a closed-form objective for memecoin valuation in five variables, each entering multiplicatively: V = k · C^α₁ · B^α₂ · D^α₃ · I^α₄ · L^α₅ · ε Where C is community strength, B is brand legibility, D is distribution integrity, I is credibility-weighted unpaid influence, L is venue-listing quality, and ε is a log-normal market shock. The exponents, as follows, are calibrated on a panel of historical launches. (α₁ = 0.30, α₂ = 0.20, α₃ = 0.25, α₄ = 0.15, α₅ = 0.10) The multiplicative form imposes that catastrophic failure on any single dimension is sufficient to destroy the project. Empirical Validation We apply the framework retrospectively to five canonical projects: $DOGE, $SHIB, $PEPE, $WIF, and $FARTCOIN. Each satisfies the corner conditions of the model: zero presale, zero team allocation, zero paid endorsement, zero paid listing, despite differing substantially in chain, era, and brand register. Aggregate scores fall within the range V ∈ [0.92, 0.98], suggesting that durable memecoin value is achievable only within a narrow region of the design space. The inclusion of Fartcoin is consequential. Its peak market capitalisation of approximately 2.34 billion dollars, achieved with an AI-originated launch and a deliberately low-register brand, refutes the prior framework specification in which brand prestige was treated as a necessary input. We accordingly reformulate the brand variable in terms of legibility (ℓ), the universal recognisability and translation-invariance of the brand primitive, rather than provenance. Constructive Proposal Section 11 of the paper presents a concrete design that satisfies every corner condition simultaneously. We propose P2eniscoin (ticker: $PENIS), an ERC-20 token on Ethereum mainnet, deployed via direct Uniswap V2 pool creation, with LP tokens burned at deployment and contract ownership renounced. Total supply: 999,999,999 units. Allocation to team, advisors, presale, private sale, marketing reserve, treasury, and centralised exchange reserves: zero. Transaction tax: zero. The framework predicts component scores of C = B = D = I = L = 1.00 and aggregate V = 1.00, placing $PENIS as the strict optimum of the model. Falsification The framework is falsifiable in two directions. If $PENIS is launched in accordance with the specification and fails to achieve a market capitalisation comparable to the canonical projects within twelve months, the sufficiency claim is weakened. If $PENIS is launched in violation of the specification and nevertheless succeeds, the necessity claim is weakened. Community Protocol No compensation in token, fiat, or any other form will be provided to any individual in exchange for promotion. No paid centralised listing and no compensated market-making relationship will be entered into at any stage. Liquidity will be provided exclusively by the public Uniswap V2 pool. Centralised listings will be accepted only when offered without payment, on the merits of organic on-chain volume. The framework is unambiguous on the role of the founding team after deployment. Per Section 4, the optimal posture is to seed iconographic primitives, a name, a vision, a phrase, and then withdraw from content production, leaving the community-amplification coefficient ρ to compound. The author commits to this constraint: beyond the deployment of the contract, the publication of the paper, and the maintenance of essential infrastructure, all subsequent leadership, content, marketing, listings advocacy, and community organisation will originate from the community itself, not the developer. The project is the community from the moment the LP is burned. Curatorial input by the author will be the bare minimum required to preserve the integrity of the framework. Any individual or group within the community is invited to take on operational roles consistent with the framework's corner conditions. $PENIS (peniscoin) is launched on the Ethereum Mainnet: 0x0fB006Edd8D6c128b83D2461DBFE74B318952886 It is now up to the community to follow the guidance of our research. Recommended community activity: organic discussion, community-produced meme corpus, and charitable initiatives thematically aligned with the brand, specifically, men's health philanthropy. Read the paper: projectpenis.org Contribute: research@projectpenis.org Author: x.com/philipallus $PENIS Hard Forever.