@witconomist @AvgJoesCrypto The apposite Is also true
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Usuàl Da Silva Hyper Johnson
2.8K posts
Usuàl Da Silva Hyper Johnson
@RAlbers7
Defi - Mindblown from crypto since 2017
Milan, Lombardy Katılım Ağustos 2022
640 Takip Edilen132 Takipçiler
@AvgJoesCrypto If you give a $1m grant in ETH to a startup located somewhere silly like Germany.
Then if ETH goes down in value by say 10-30%
The tax authorities will usually still treat it as a $1m grant.
Might as well give cash in the first place.
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I can maybe understand why stables are needed to fund R&D, but I don’t understand why ETH can’t be used to fund grants and donations?
Why won’t the foundation treat ETH as money?
Ethereum Foundation@ethereumfndn
1/ Today, The Ethereum Foundation will convert 5000 ETH to stablecoins via @CoWSwap's TWAP feature as a part of our ongoing work to fund R&D, grants and donations.
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JUST IN: Trader accidentally swaps $50 million $USDT for $36,000 $AAVE on Ethereum.
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@ZeitgeistExplo1 Reason is compressed domestic consumption, the industry sought new markets, also theres formidable supply chains and diatricts that can take hits without imploding, but, these numbers arent really good , margins are low, theres lil wealth caprured by those exports, unfortunately
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Can someone explain how Italy went from being the seventh largest exporter in the world in 1980 to the fourth today, without the “competitive” devaluation of the lira and despite the devastating drag of the euro??
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@noahseidman I'm in real pain for the market having misallocated, still stable and thriving, but what a hit
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What do you own when there's gross misallocation of capital in global markets? The most mispriced businesses that majority don't understand, and the market has punished for no rational reason.
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@alphaleaked Merry Christmas🎄
What’s the name of this handsome guy?
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@spacepixel Go pixel, you have a gigabrain already
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@marvey_crypton @alphaleaked @StaniKulechov @aave The V4 architecture act as a gravity center for liquidity, is quite clear
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@alphaleaked @StaniKulechov @aave Liquidity isn’t something you bootstrap once and forget.
Even if the system is better, people still move capital when yields, risk, or rules change. Aave v4 can reduce friction but it doesn’t remove the need to keep attracting liquidity.
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@jvnior Muslims are probably the most inferior cognitively, zero innovation, violent when isolated, a cancer for earth
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Today, we let some talented people go. These decisions are never easy, and I want to start by thanking everyone who’s parting ways with us. You helped get Celestia to where it is today, and we would not be here without you. We will support you through the transition.
As I shared recently, Celestia is stepping into a new role: to be the leading blockspace product for high-performance onchain markets. This next phase requires a different focus and, ultimately, a different team.
We have a healthy treasury and are moving quickly, and the only way to keep that pace is to align around where we’re headed. There are many exciting developments underway, and I look forward to sharing more as they come together.
To the team moving forward: let’s ship.
Mustafa Al-Bassam@musalbas
Today is the second anniversary of Celestia's mainnet. Two years' worth of iterations, learnings, ups and downs, and thousands upon thousands of Git commits. When you're building something new, you can get some things right, but you also get a lot wrong. We certainly did. I've been working on Celestia for 6 years, and have been in crypto for 15 years. I've seen the industry evolve and mature over time, from the early cypherpunk days in 2010, to the ICO craze in 2017 where everyone believed that Web3 will entirely replace Web2 and we're going to put everything on chain, to today: a more matured perspective on where blockchains actually have product-market fit. Similarly, Celestia also launched with a "build whatever" mindset, trying to be something to everyone, without a clear focus on what kind of chains people were actually going to build on Celestia's high throughput. We burned many cycles going down unproductive rabbit holes. But taking this approach led us somewhere more powerful than we could've planned: we found a hot spot of product activity. Over the past year, numerous high-performance onchain trading products have begun choosing Celestia. Why? Today, Celestia is the *only* way to ship the lowest latency onchain trading venues by any metric. You get: • 2ms latency with rollup frameworks like Sovereign SDK, • 6 second finality on Celestia (100x faster than other rollup base layers), and • ~200k TPS worth of bandwidth. Celestia is the only product that offers this combination, with projects like Bullet, Hibachi, VEX, RISE, Ethereal, and XO Market already pioneering this frontier with Celestia underneath. And while building around the needs of these projects... we now have a short-cut for doubling down in this direction :) More soon.
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@cryptunez @tdubbdoteth Winning a battle but losing the war, cues are all over the place bro
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@tdubbdoteth Solana is already winning on REV and application revenue
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I’m 100% convinced that if Ethereum was originally built to be like Solana, crypto would have taken over the world by now.
Instead, Ethereum decided to fragment the onchain economy into hundreds of different centralized L2s.
There is a better way. There always has been. Monad.
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LARGEST BITCOIN ETF IS POSTING RECORD OUTFLOWS
Investors are withdrawing cash from BlackRock’s iShares Bitcoin Trust ETF at the fastest pace ever, with $2.2 billion leaving in November through Friday. After months of steady inflows, the outflows reflect rising caution as Bitcoin falls ~22% over the past month and 7% year-to-date.
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@zengjiajun_eth Renewables never been so cheap tho
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The real existential threat to Bitcoin (and all PoW) might actually be…AI.
PoS might end up saving Ethereum, not from nation states, but from AI’s infinite power hunger 😂
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@gammichan China is pulling liquidity from global markets including crypto,AI drained capital, wall st anticipated the liquidity push too much and too soon
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I think some people are taking a different meaning from this than I intended. I'm not talking about an FTX case where they were doing illegal shit and had a hole because of it, I'm talking about how 10/10 fucked a lot of people and they might be selling to make their MMs whole.
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I think the most bullish outcome on the bingo card here would be Binance coming out and saying hey, we had to liquidate $10B to fill some holes but we're good now.
That would set the stage for a narrative that maybe it's not really a bear since most of this PA was just one forced seller.
Plus historically jumbo forced sellers mark bottoms, not tops. 3AC/FTX in 2022, EOS selling 3M ETH in 2018, etc.
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@DefiIgnas 6-12 months of pain/flat imo, it seems that China retail and institutions are draining the liquidity we are missing now and explain why this drop Is irrational,
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There’s no bubble in crypto.
On the contrary, fundamentals are the best we’ve ever had.
Sure, there were pockets of exuberance in memecoins, notably Trump meme.
But that’s gone.
What’s left is battle tested infra, increasing adoption of stablecoins, tokenization, prediction markets, DeFi etc.
Projects are also finally distributing value to holders
On top, we’ve got regulatory pivot with major catalyst (CLARITY ACT) ahead of us.
Problem is the AI bubble. It weighs heavy as crypto competes with AI for capital inflows but is the first to be affected by the crash.
No easy solution here. Just survival of the fittest.
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