PatOETH

@SMB_Attorney It isn't dilution. Imagine this is a merger to a new company instead of a buy out. $11B co + $50B co. Now reallocate the stock fairly to the combined share holders in your head. Are the GME share holders diluted? No, they own a smaller portion of a much bigger company.

By the way, for those that don’t realize, he’s desperately trying to avoid saying he’s going to dilute existing GME shareholders. I’ve been an Andrew Stan my whole life, but he was caught underprepared here.

This is the greatest interview in the history of television. This man, Ryan Cohen, is worth an estimated $5.1 billion dollars. He’s the founder of Chewy, the e-commerce pet food brand, and current CEO of GameStop. You can just do things, guys!

@stoolpresidente @stoolpresidente Cohen showing CNBC hosts out of their depth. $11B mc + $40B mc = $51B mc. $9B cash + $20B loan pays 50% buyout. Rest is issued in new GME stock so EBAY holders get ~80%+ of the co. B&M stores become consignment shops. GME is the new AMZN of used items.

I’ve had my best people at #ddtg pour over this video and I’m still not sure who won this exchange.

@elonmusk I don't have any use for X if you're going to keep suppressing the news.

@Bitcoin_Teddy Say Ethereum.

🇺🇸 JAMIE DIMON, CEO OF CHASE, GOES ON NATIONAL TV AND SAYS: "CRYPTO IS BETTER THAN THE CURRENT FINANCIAL SYSTEM!" THE "EXPERIMENT" PHASE IS OVER. THIS IS THE PIVOT OF THE CENTURY 🔥

Now that ZKEVMs are at alpha stage (production-quality performance, remaining work is safety) and PeerDAS is live on mainnet, it's time to talk more about what this combination means for Ethereum. These are not minor improvements; they are shifting Ethereum into being a fundamentally new and more powerful kind of decentralized network. To see why, let's look at the two major types of p2p network so far: BitTorrent (2000): huge total bandwidth, highly decentralized, no consensus Bitcoin (2009): highly decentralized, consensus, but low bandwidth - because it’s not “distributed” in the sense of work being split up, it’s *replicated* Now, Ethereum with PeerDAS (2025) and ZK-EVMs (expect small portions of the network using it in 2026), we get: decentralized, consensus and high bandwidth The trilemma has been solved - not on paper, but with live running code, of which one half (data availability sampling) is *on mainnet today*, and the other half (ZK-EVMs) is *production-quality on performance today* - safety is what remains. This was a 10-year journey (see the first commit of my original post on DAS here: github.com/ethereum/resea… , and ZK-EVM attempts started in ~2020), but it's finally here. Over the next ~4 years, expect to see the full extent of this vision roll out: * In 2026, large non-ZKEVM-dependent gas limit increases due to BALs and ePBS, and we'll see the first opportunities to run a ZKEVM node * In 2026-28, gas repricings, changes to state structure, exec payload going into blobs, and other adjustments to make higher gas limits safe * In 2027-30, large further gas limit increases, as ZKEVM becomes the primary way to validate blocks on the network A third piece of this is distributed block building. A long-term ideal holy grail is to get to a future where the full block is *never* constituted in one single place. This will not be necessary for a long time, but IMO it is worth striving for us at least have the capability to do that. Even before that point, we want the meaningful authority in block building to be as distributed as possible. This can be done either in-protocol (eg. maybe we figure out how to expand FOCIL to make it a primary channel for txs), or out-of-protocol with distributed builder marketplaces. This reduces risk of centralized interference with real-time transaction inclusion, AND it creates a better environment for geographical fairness. Onward.

@ethereumJoseph @bankless Is Bankless trying to recycle CounterParty? Shameless! GTFOH

The question is: How much do you really want a @bankless episode that digs into all the ramifications of tokenizing and explicitly accounting for burned ETH? Would you burn a bit of ETH for it? Would others burn some ETH to back up your ask? Would some of you send some of that BETH to @bankless? Would @bankless forward that BETH to protocol developer groups or other worthy recipients? You could be literally "burning to hear" a Bankless episode. Would there be a growing demand for BETH as it takes on signaling and voting power in many different contexts? Would the ETH burner economy grow so large that for some sophisticated actors burning ETH to mint BETH, BBETH, BBBETH, etc, for use in different contexts, can become economically viable and profitable?

@RaoulGMI Satoshi solved the double spend problem for tokens, but not for digital art. Ownership is meaningless if everyone can view and privately use it at will. Licensing is the only exception and is very niche by comparison to what you're trying to sell here.

There is a very very small window to buy digital art from established and newly established respected artists at reasonable prices. A very small window ... consider this a warning.

@Polymarket @OurielOhayon Really? Like when the John Kerry campaign did it on InTrade in 2004? Please share some examples or data where this is true. Truth maybe the end result, but manipulation can certainly work temporarily. It is great, cheap advertising in the media.

@OurielOhayon If you think our markets are mispriced, that's an opportunity to make money. Studies show attempted manipulation of prediction markets actually result in more accurate odds.

BREAKING: Mamdani surges as clear favorite in the NYC Mayoral primary. 61% chance he wins.

What is with the drop-off in attestations on Beaconcha.in right at the Ethereum Pectra upgrade are they on a fork?

@cb_doge 16% of the states goal and probably $320B to repair the damage done by indiscriminate cuts.

$160,000,000,000 Thank you, DOGE!

@DefiIgnas BTC is going to be wrapped on the Eth chain. BTC isn't scaling. W/out scaling, security model fails. Adding issuance to fix security destroys the digital gold narrative. The viable and obvious solution is wrap BTC on the network that is scaling and has better security, ETH.

Unpopular take: Ethereum's last resort narrative is "pivot" to a Bitcoin L2. Bitcoin owns the 'store of value' narrative, but $ETH remains a more productive asset in terms of native staking yield and as the most liquid collateral in DeFi. But the landscape is changing. BTCfi is quietly yet rapidly expanding, with @babylonlabs_io's BTC restaking protocol climbing to 6th place by TVL ($4.9B), overtaking Uniswap's TVL. As a result, BTC is becoming a more productive asset in DeFi. On Aave, BTC wrappers contribute ~$6B+ of supply, compared to $10B+ for ETH derivatives. I believe that the trend will continue and BTC wrappers will overtake ETH assets in DeFi. Especially if BTC continues to outperform ETH. With just 12% of the total BTC supply in DeFi, BTC would surpass the entire market cap of $ETH. Most Bitcoin DeFi protocols are relatively new and untested. However, they grow stronger each day as the Lindy effect builds. Still, hardcore Bitcoin bulls and maxis are unwilling to use their passive BTC holdings productively due to centralization, hack and bug risks. And rightfully so. Recent changes in wBTC ownership was a big shock, leading to the growth of another centralized BTC wrapper by Coinbase. Not good. I still hold most of my BTC on Bitcoin. Yet EF's recently emphasized values of "censorship resistance, open source innovation, privacy, and security" perfectly align with Bitcoin and BTC holders. Truth to be told, that even BTC maxis would prefer holding BTC on Ethereum vs any other alt-L1 due to Ethereum's decentralization and security if yield opportunities are good enough. Examples of BTC whales preferring BTC ETFs over self-storage prove that maximalism has limits. Thus I believe Ethereum could take a lesson from @Stacks recent launch of 'trust minimized' sBTC and build the best and most decentralized bridge and wrapper for BTC on Ethereum. (Note that since the infographic above was created, BTC MC grew to $1.9T while ETH's dropped to just $221B!!!) I understand this might be unpopular, but Ethereum's top security and censorship resistance are less important for most DeFi natives. Even if RWAs and tokenization picks up massively, it might not save $ETH. As @samkazemian explains, ETH settlement guarantees are useful mostly for assets without issuers. For those with issuers, like RWAs, settlement depends on the issuer meeting liabilities on all chains. $BUIDL on ETH is part of Blackrock's liabilities. However, Ethereum's top security and decentralization are crucial for long-term BTC holders looking to do more with their Bitcoin. And no matter how much EF scales the L1, the L1 will never be faster than Solana or Sui. Overall, I see a continuous growth of BTC wrappers on Ethereum but those solutions are sub-optimal and have many risks. Ethereum could acknowledge this and build infra for $BTC to become the most productive asset this way aligning the top 2 crypto communities in the process.

@owocki 🙄

Ethereum isn’t dead. You’re just stuck in the echo chamber. There is another way: just builders, project stewards, land stewards, artists, dreamers, & hackers co-creating the future. This is Ethereum Localism -- ethereumlocalism.xyz

@DontCutKids @barstoolsports @NCAABaseball @MLB IIRC, MLB increased the size of second base last year.

@barstoolsports More injuries happen at 2nd base, so why didn't they put a second 2nd base at 2nd base, too, or even instead? Morons running and ruining both @NCAABaseball and @MLB.

In a shock to no one, having two first bases is a BAD idea

@econoar Once traditional assets are widely traded on the block chain, users will want real gold certificates over BTC. Ironically, they will be more liquid than BTC and can't go pood due to an expiring security plan or just plain doubt.

@Alphafox78 Fiberglass over foam, all kinds of things are made this way, airplanes & surfboards to name a couple.

Would using spray foam instead of bondo work? 🤔

@max_apy @DefiIgnas It is solved, just not implemented yet. Z-cash solved it. Tornado Cash can currently do it on Ethereum, although probably at too high of a cost. Account Abstraction coming in Ethereum's Pectra upgrade should pave the way for better implementations.

@DefiIgnas privacy in crypto payments is a massive missing piece. no one wants their entire wallet history exposed for buying a coffee. stealth addresses, zk-payments, this needs to be solved.

Crypto payments failed for one small reason that needs fixing: When sending USDC, let the recipient see the transaction but not your address. Nobody wants to reveal their wallet for a 10 USDC beer payment.

@daltonbrewer Self-driving would be much better paired in a semi tractor with a diesel engine that can be on the road ~23 hours/day vs an electric motor that likely will be on the road less than 16hours/day, and that's being very generous.

BREAKING: TESLA SEMI PASSES A DIESEL SEMI LIKE IT WAS NOTHING Tesla semis are the future — imagine them autonomously driving around! 🤯 $TSLA

Time for @VitalikButerin to put up the bat signal. Get the band back together. #ETH needs @ethereumJoseph

@ethereumfndn All the recent turmoil and THIS is the tweet?

The EF Silviculture Society: a loose collection of individuals from outside the Foundation who provide informal counsel to the EF in tending to the (dark or otherwise) forests in the infinite garden of Ethereum, to make sure we sustain the core values of open source, privacy, security and censorship resistance. The roots of the infinite garden are nourished by soils rich in these core values. Ethereum’s success depends on having talented and committed developers building with these values in mind, and EF’s ethos and work has always been centered around them. @llamaonthebrink @alpeh_v @julianzawist @_Enoch @matthew_d_green @Fatalmeh @ml_sudo @dystopiabreaker @optimizoor @post_polar_ @pcaversaccio @LefterisJP @mashbean @1dot2 @kassandraETH

@ethereumfndn Ethereum needs serious people hell bent on getting things done, not a collection of philosophers.