Sovereign

MY BAGS DISCLOSURE View my crypto token material holdings at coingecko.com/en/portfolios/…. I update it every 1-2 weeks. Exclusions: - Tokens valued under $5,000 (immaterial). - Short-term trades between updates. - Tokens not supported by CoinGecko's portfolio feature. - NFTs (not supported by CoinGecko's portfolio feature). This post is informational only and NOT financial advice. Consult a financial adviser and do your own research.

Imagine where we'd be without Saylor plowing $1 billion+ weekly into $BTC. ☠️☠️☠️

ARE THE $STRK COMMUNITY MEMBERS HAVING A GREAT TIME?!?!?!?!?

@paytkaleiwahea Noice. Double noice.

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@JordanEureka @martypartymusic Correct.

@martypartymusic Feel like it could just as likely be the opposite. Congress isn’t moving and the White House got them to release this to have the win in the meantime.

IMO: SEC would not have announced this guidance if Clarity Act was not getting approved very soon.

@netflix Convicted . . .

Hudson Williams, Jennifer Grey, Terry Chen, Elizabeth Adams, Hannah Galway, and William Mapother join the cast of THE ALTRUISTS. The series tells the story of Sam Bankman-Fried (Anthony Boyle) and Caroline Ellison (Julia Garner), two hyper-smart, ambitious young idealists who tried to remake the global financial system in the blink of an eye...before they were accused of stealing $8 billion.

price up means crypto project will cure cancer, price down means crypto project is a scam. i don't make the rules, but that's how it works.

@ethereumfndn @BitMNR Surprised Tom Lee is still willing to buy $eth after the ef mandate.

0/ Today, the Ethereum Foundation finalized the terms of a 5,000 ETH sale at an average price of $2,042.96 via OTC. For this sale, our OTC counterparty was @BitMNR.

@KobeissiLetter How are 104.3 million americans neither employed nor actively looking for work, yet CT is dead.

BREAKING: A record 104.3 million Americans are now "outside" of the labor force. These are individuals who are neither employed nor actively looking for work, including retirees, students, stay-at-home parents, and discouraged workers. This exceeds the 2020 pandemic peak by 600,000 when nearly the entire economy was shut down. Since the 2008 Financial Crisis, the number of people not in the labor force has surged +25.7 million and +35.1 million since 2000. As a % of the labor force, this metric stands at 61.2%, the highest level since the 1970s, excluding the pandemic. All while the US population stands at a record 342.5 million, up +61.4 million since January 2000. Cracks in the labor market are spreading.

@adampsnyder the state of our industry is such that there are actually dozens of coins significantly worse than $ETH which are easier shorts.

@Sovereign_Web3 Then short it. GLHF

omg lmao holy shit this is mega bearish $ETH, just sell any remaining $ETH you have now before your losses spring eternal in the human breast.

my quant approves!

THANK YOU TO THE KOREANS FOR FINALLY SCAM PUMPING $IP! I'VE BEEN WAITING! I AM ONCE AGAIN SHORT THE GREAT INTELLECTUAL PROPETY SCAM CHAIN WHERE FOUNDER CASHED OUT AND VCs DUMPING NONSTOP!

I don't care how good the product is. You simply cannot buy a token with this unlock chart.

@moonshot The ethereum foundation is not going to like this one!

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Two things can be simultaneously true: 1. Self-sovereign compute (permissionless and decentralized), coordinated at global scale is important to society and badass. 2. The crypto asset for #1 is not worth $250 billion fdv, probably not even $25 billion fdv, in the current world we live in. I'll focus on making money outside of $ETH and if the world goes bad that I need it, then I'll have a lot more money to buy $ETH even if its 10X higher from here. No point in holding $ETH now, the opportunity cost is too high, when clearly there's no focus on driving value to $ETH or making products for the world we live in now.

@DeanEigenmann this is the most important organization for a $250 billion fdv asset, lmao, omg, if i had not dumped all my $ETH i would do it now. I'll rebuy 10x higher if society collapses so I need self-sovereign computation coordinated worldwide.

if a portfolio company founder sent me slop like this i would be hitting up every OTC desk to sell secondaries as fast as possible

@0xkydo I'm all for self-sovereign computation coordinated at scale. It's just not worth $250 billion fdv. $ETH should go down at least -90%.

Knowing true north. I want to be direct about this. The EF Mandate is a 180 from the direction the Foundation was heading under the recent leadership changes. A few months ago, the signal was clear -- lean into real-world adoption, support stablecoins, engage with institutions, help Ethereum win the race for relevance. Tomasz was brought in to operationalize that pivot. This document effectively undoes most of it. Some key quotes that make the shift explicit: "We are NOT Opportunists: We do not actively assist in adoption of Ethereum in ways that compromise trustlessness." "We are NOT a Casino: We do not encourage people to take life-changing, and possibly life-wrecking, amounts of risk by going into personal debt hyper-gambling." "Our priority, and the default path for decisions, in line with our mandate and the Only-EF Rule, is the CROPS-native approach." "We leave space within the Foundation for the incrementalist approach only in tightly bounded circumstances." "Right association also means we prefer to focus on individuals, teams, and projects that share our principles but operate in different domains, over those individuals, teams, and projects who are in crypto, but operate according to a very different set of standards." Translation: the EF will deprioritize supporting stablecoin infrastructure, institutional onboarding, RWA tokenization, and broadly anything where the path to adoption runs through centralized intermediaries -- which is essentially everything that has product-market fit on Ethereum today. This is a combination of d/acc philosophy and a broader leftward ideological pull within the EF. If you've been paying attention to the defense acceleration discourse, none of this is surprising. The framing is pure sanctuary tech -- Ethereum as digital refuge, not financial rails. I respect the intellectual coherence. But the thing that strikes me most is the ability to hold two contradictory views simultaneously. The entire platform -- the treasury that funds the EF, the ecosystem that gives these words weight, the network effects that make Ethereum worth writing a 38-page manifesto about -- was built on financialization, speculation, DeFi, stablecoins, and yes, things with centralized access points. Every application with real PMF on Ethereum today exists because someone made pragmatic compromises on the CROPS spectrum. It was built by people who are willing to make compromises and see the world as it is, bringing product and people to Ethereum. The very people that this mandate is trying to alienate. I will end with this quote from Lincoln: "A compass will point you true north from where you're standing, but it's got no advice about the swamps, deserts and chasms that you'll encounter along the way. If in pursuit of your destination, you plunge ahead heedless of obstacles, and achieve nothing more than to sink in a swamp -- what's the use of knowing true north?" CROPS is true north. Nobody disputes that. The question was never the destination -- it was always whether you can get there without engaging the world as it actually is.

@ethereumfndn who is asking for this? yikes.

Today, the Foundation’s Board released the EF Mandate. This document, which was first intended for EF members, reaffirms the promise of Ethereum, and the role of EF within this ecosystem.

So @base left optimism. Now @base needs to leave ethereum. The new EF mandate is the nail in the coffin for building consumer products on Ethereum. Time to become your own thing, you're a public company and cannot rely on these communist utopia people anymore.

@dankrad they barely even reference $ETH the asset. they don't care about our bags, only to the extent they can dump more $ETH for their utopia in the sky.

EF, last year: Hey, we want to listen to you users to make Ethereum better. EF, now: Jk, we looked at the real world. We don't like building for it after all, we'll go back to building cypherpunk stuff only. This is the EF going back to its old ways, undoing the changes from last year. I have feared this would happen because Vitalik clearly wasn't in with his heart. But whatever they say about the "ecosystem" being able to take care of this, the fundamental problems remain: - there are very few voices in ACD caring about real world Ethereum usage - there is nobody doing Ethereum BD (everyone else who is doing this also has their own separate interests)

exited $ETHFI for a small loss. didn't like how things were moving in crypto broadly into a weekend without the support of saylor and etf flows.