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Zpartan🛡
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Zpartan🛡
@Zpartanll7
crypto enthusiasts, macro hobbyist, forward party/libertarian, midcurve takes extraordinaire
Orchard Pool Katılım Şubat 2018
533 Takip Edilen1.5K Takipçiler
I was today years old when I realized I don’t hold enough Zcash $ZEC
Barry Silbert@BarrySilbert
Financial privacy will become more important as digital assets integrate with the traditional financial system Foundry is launching a $ZEC mining pool to bring institutional-grade infrastructure to Zcash
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First sentence seems like you are refuting something I'm saying but I agree with you so maybe I'm not communicating well.
I think there are tradeoffs in all forms of governance and I think they should all exist to serve different markets for different types of people that value different things. Right now people seem to think the style that's best for them is best for everyone. The only thing I caution is that it seems a lot of people are unaware of what they are actually buying into.
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@Zpartanll7 It's just not as simple, governance is a sliding scale. Centralisation and getting things done vs anarchy the slow progress. BTC needs to be updated, we all know it
Honestly, I think governance is fine, it just needs to be fair, open and on-chain. Vs hearsay and social consensus
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If they have a choice to make, then it was never decentralized in the first place.
If you have the power to make a choice, then it is your duty to do the least harm to innocent victims.
If you want to be upset that someone is in that position to make that choice, then you need to migrate to systems where the friction to make these decisions is higher.
If you are upset by this outcome, you should only be upset with yourself for misunderstanding the nature of reality.
It is not decentralized because someone stands idly by and watches a train run over the hostages when they can pull a lever (circle/usdc).
It is decentralized because there was never a lever to pull in the first place (bitcoin/zcash)
Arbitrum@arbitrum
The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications. After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users. As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.
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I think hard forks are governance by the market. Bitcoin cash comes to mind. Miners have a vote where hashpower goes. Holders have a vote via which coins they hold and sell. Clearly much more decentralized than a security council and probably the best form of practical decentralization we can achieve.
Still not perfect, but still very much capable of changing the nature of the system (or code) that sits on top of it. If people want a completely immutable system I don't really think its possible. Social consensus layer will always be able to override it. Just have to make that layer as robust as possible to protect the immutable layer above
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@Zpartanll7 BTC is discussing its lever presently; Hard fork to protect from the quantum hack
Not saying its wrong but there isnt really a discussion. Its core devs pushing it
The issue is governance is needed, if someone had a mandate, a quarum, its fair and just, if not its centralised
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If there was an exploit in Bitcoin that granted 80 million coins to a single address out of thin air, you can bet that Bitcoin would also roll back.
The difference is that it would probably require a hard fork and massive community consensus to achieve it. ETH classics existence is proof of that decentralization occurring.
It's all a spectrum of different weights and it's up to market participants to choose what level makes sense for them. I won't get upset at other people for choosing some sort of neobank. I just think most people don't know what they are buying.
I am a markets/freedom maxi. Know what your buying and choose what degree of decentralization works best for you is what I'm in favor of. If you want to use a security council L2 or a stable thats great! Just know you aren't getting BTC levels of decentralization coordination and friction. Also, Bitcoin is not immune from that coordination or friction. The bar just hasn't been met yet because it is much higher.
Rex@R89Capital
You should know that if the hack was big enough, Ethereum would roll back again too. Ethereum and all it's L2s are pure garbage destined for zero
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@LambofCrypto Yup. Interesting to watch reality crash into their preconceived notions about these platforms
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the hate on this is weird
it is well known that Arbitrum is a stage-1 rollup
given this, having the means of control but pretending to not use them to virtue signal and appease terrorists would be the much worse and dishonorable outcome
Arbitrum@arbitrum
The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications. After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users. As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.
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Zpartan🛡 retweetledi
@Zpartanll7 Stables are still useful for grey market activities outside DeFi like remittances and sanctions busting
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I'd go one step further and say if the market is losing confidence in DeFi, you have to ask yourself:
What is the value prop of RWAs and stables in an environment with lessening DeFi importance?
If RWAs/stables are less important you have to ask yourself:
What is the value prop of programmable blockchain networks? NFTs and memecoins? Those are assets that live on chain I suppose but if crypto is less capable of interfacing with the real world I think that takes a meaningful bite out of programmable blockchains usefulness.
Ansem@blknoiz06
eth thesis has been weakening consistently for years, solana this cycle dominated retail activity, hyperliquid dominated perps activity, rollups still have yet to gain significant traction & vitalik publicly abandoned gen usage rollup thesis eth's main value prop has been safety + security of defi & insto interest, current aave situation is mark on that value prop that has possibility to continue weakening confidence eth in 2026 is in worse spot than it was in 2023, amplified by ai doing extremely well & tech stocks being much more favorable investments with real revenues / emerging narratives / increasing momentum, eth is $300B asset with ton of overhang from tom lee topblasting + complacent eth holders sitting idle in defi protocols ta-wise its in sustained downtrend after failing to break through multi year res levels & at current range highs of multi month bearish consolidation range, if downtrend continues should target lows of 2025 around $1300 & then lows of bear market around 2022 tight invalidation 2377 assuming problems worsen if you want to play it loose assuming other risk assets continues doing well & drags it up probably somewhere around 2700/2800 invalidation fundamentals wise would want to see breakout activity from some new vertical
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i am actually a big fan of "zec one of the few interesting things left" but then i know speaking that out loud means the near bridge gets hacked and everyones zcash on sol goes to zero so instead i will pretend crypto is dead
Zpartan🛡@Zpartanll7
I feel like I'm really coming full circle in my crypto journey. Started at being interested in BTC being decentralized money. Thought ETH's programmable money was fascinating. Thought SOL felt like magic to use. At this point I have a hard time recommending friends to put money into DeFi/stables at all. Stables have depegged. DeFi get's hacked. The reward used to be higher returns, but today you get higher returns on USD in the bank for a fraction of the risk. I think a caveat is potentially citizens outside of the US who want access to dollars. Which is a real use case, but not very inspiring or magical as this space used to feel. This path disrupts nothing. The system remains as it is, and I'm not really excited about that. The difference for me between a stablecoin and money in the bank is just simply shifting my bank to the "bank of stablecoin". The same risk in that the money is not truly yours and you must trust those entities. You can also sprinkle some extra risk on top if you want to earn a bit of yield by also trusting a DeFi protocol to safeguard your funds. Really just the exact same system as before in almost all meaningful ways. So my interest in certain areas is waining a bit. I've come full circle back to decentralized money, although now with zcash as the focus. It's the only place I still feel the magic of potentially disrupting how the system currently works. TL;DR = my relationship with crypto is zcash or bust
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@earthbound1210 started with whoop last week. Had an apple watch before. The 14 day battery is probably my favorite feature, although I'm wondering if oura would have been better. Definitely didn't do a ton of research before buying
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The best wearable is the one optimized for the metric you care about most
Dan Go@CoachDanGo
What most people miss is that no single device wins every category. The best wearable is the one optimized for the metric you care most about Sleep and HRV? Oura. Active HR and VO2 max? Garmin or Apple Watch. General fitness tracking? Apple Watch is the most well-rounded. Here's the full list:
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@Zpartanll7 no need to edit your post, I was just presenting a potential use case I can see for the space, keep up the great tweets
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Ultimately it has less than ideal trust assumptions, but if the alternative is being completely shut off from those markets that is actually a good use case. Hopefully some products from reputable entities appear for you that can serve this. I have seen a couple, but haven't looked into them because I don't have a need for them.
At the end of the day I should probably modify my original post to specify my take is coming from a position of privilege where I already have access to a lot of these markets via tradfi. Results may vary for a global audience.
Honestly, thanks for chiming in. Good to know you are actually finding some use cases.
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@Zpartanll7 understood, I am international so equity markets aren't available to me, but would be good to buy like bigger stocks and even penny stocks on chain
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Yes. US dollar availability in markets where it otherwise isn't available is an actual use case. That's the same story with stocks IMO. Expanding asset access, but for people that do have access to stocks and USD directly, it doesn't really make much sense to expose yourself to these risk.
I suppose you could just sum the value prop up to regulatory arbitrage which is just not a very sexy narrative to me. I am very lucky to be based in the US so I could be missing a lot of that excitement because the alternatives are in most cases better than what crypto offers for these products.
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@Zpartanll7 On chain stocks, so people worldwide can get access to the stock market?
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I can't believe you are about to have me defend doge, but you're missing the point.
First off, "10,000" means nothing. It needs context. 3.28% inflation is what they are doing over there. That's not as bad as a lot of fiat currencies. Saying 10k like it's some sort of big number is irrelevant and just wanted to point that out.
The point was doge has no counterparty risk to which you said "only possible on bitcoin". That's just not true. I'm not trying to defend doge as a good investment. I'm simply pointing out bitcoin is not unique in that regard, even amongst dumb assets.
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@Zpartanll7 Doge creates 10,000 coins a minute… and is tied mostly to musk. Stop it
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@SpeculatorArt My post wasn't about whether or not blind speculative greed will return (it will)
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This being my second bear market I can safely say that this sentiment happens over and over.
Exploits, CEX bankrupticies, etc.
People question the core usefulness of crypto.
Then someone launches the next $PEPE and the cycle continues.
Zpartan🛡@Zpartanll7
I'd go one step further and say if the market is losing confidence in DeFi, you have to ask yourself: What is the value prop of RWAs and stables in an environment with lessening DeFi importance? If RWAs/stables are less important you have to ask yourself: What is the value prop of programmable blockchain networks? NFTs and memecoins? Those are assets that live on chain I suppose but if crypto is less capable of interfacing with the real world I think that takes a meaningful bite out of programmable blockchains usefulness.
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@BitcoinMoon66 That's just not true at all lol. Even dogecoin has no counterparty risk because it's value is derived internally. Much like holding a USD bill in your hand.
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@Zpartanll7 I get it. But every other asset will always have counter party risk. I guess once you are tired of living with that reality you’ll see the truth.
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I think there are benefits to transparency. I think being able to audit the supply is my favorite. IMO saying we need an open transparent ledger to make sure people in positions of power are accountable is like saying we need everyone's phone calls made public so that we can hold people in positions of power accountable. I would choose not to forgo individual liberty just to accomplish that. I think view keys would mostly have to suffice.
Not a bitcoin hater btw. Just not as interesting to me anymore.
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@Zpartanll7 there are ways to achieve your goals and i would argue that at the base layer transparency is a net positive for holding people in positions of power accountable if you believe BTC will one day be the global reserve currency like i do.
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You can't recreate the conditions by which Bitcoin was created. That gave way for the power of the network to become what it is today. Anonymity - security. Anything that attempts that is corruptible and its a miracle that its gotten to the point that it has if you ask me.
What features are missing for you?
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