₦nanz

Don’t trade the market ,trade the process and execute the plan and emotion will do no harm.

@TankoTankocaine My bro 4L!

“I don't worry, I'll tell you. I'm a man who believed that I died 20 years ago. And I live like a man who is dead already. I have no fear whatsoever of anybody or anything.” Malcom X

@devanshmehta @Brlggs @ryanberckmans True , but think of a GOLD ETF, gold inflates by 2% per year , yet investors still buy them

@Brlggs @ryanberckmans Issue with the eth ETF is that unlike btc, there's yield diluting them even in eth terms An eth staking ETF would mitigate that but otherwise holding eth ETF is like holding in cash and foregoing interest paid in bank account

Solana likes to say that "Ethereum is always down" because, by design, normal people can't afford the L1. But that's some BS isn't it. Solana's outages have been real downtime with zero new blocks where nobody can access the chain at any fee, a risky chain restart needs to be centrally coordinated, and meanwhile, toxic mev and liquidations accumulate. By Solana's idiot definition, Wall St is always "down" for normies. Nobody ordinary can just walk off the street and avail themselves of investment banking services. So Wall St is "down" for them. And yet Wall St is always up for the corps and govts that sell the goods & services on which normie life depends. Exact same principle for the L1. Ethereum mainnet is never down for BlackRock. It's never down for PayPal. And it's never down for the L2s who provide fast, cheap, secure, and interoperable onchain access to 10s of millions of normies - soon to be billions.

@iam_metamike lol, also no limits to the downside? its really a give or take except BTC

The best thing about just holding memes and majors is that no fundamentals are ever promised, which means there is no limit to their value. Network effects and attention magnets are black holes

@apoorvsadana @0xMarcB @implied_vol @andyyy @mteamisloading @chainyoda same way you dont connect your wallet to every site you vistis, scamming has always existed in humanity and same with agg-layer, but like i said , it doesnt affect the agg layer it self

@_nnannz @0xMarcB @implied_vol @andyyy @mteamisloading @chainyoda Tha agg layer can’t check “what was put in” because you just connected a random chain by proving the consensus. The source of funds on that chain could be anything

We are building rollup clusters, like the Superchain, which have better interoperability and security guarantees within their own bubble. But, to what extent are we building walled gardens? How will different clusters connect? Many questions...

@apoorvsadana @0xMarcB @implied_vol @andyyy @mteamisloading @chainyoda Only chains that agree connections with the scam chains will be affected, **NOTE: the agg layer gives all participating chains a choice to interact with which ever chain you like, so if you happen partner with a scam chain , that is bad luck for the chain,

@apoorvsadana @0xMarcB @implied_vol @andyyy @mteamisloading @chainyoda yes it cant check, but that doesn't stop it from doing its job of being an introp layer, even if the source of funds on a chain is gotten from another malicious chain, it DOES NOT affect the agg layer itself and the chains that are not connected to the Scam(malicious) chains

@grandfromage @Jesseeckel by becoming an L1 you reduce profitability by increasing running cost of the chain , security is the most expensive part of being a L1, people will outsource security to eth to increase profitability, it makes no sense to reduce profits so i doubt the will become L1s

@Jesseeckel why would all these chains allow the fees to go to ethereum? They'll just become their own L1 once they're big enough

Ethereum isn't dead or broken. You genuinely just don't understand it and where the space is going. We are going to have THOUSANDS of chains. We'll have lots of hyper specialized chains. Most apps will become chains. Likely very few generalized chains like what we have today will exist. All these chains will be really easy to move between. Just like moving between websites today. Those who only focus on Ethereum's L1 are stuck in a short term mindset of generalized chains and their relevance today. However in the future when we can move between chains easily and with little to no friction, every app will have it's own chain. The majority of these chains will be built on Ethereum. I know this because they already are being built on Ethereum today. We went from Ethereum with apps built on it. To now Ethereum with chains built on it. Many of you can't see this because we don't have good interop yet. But that'll be here less than a year from now with multiple solutions nearing completion. Ultimately it is my belief that Ethereum's greatest strength is it's ability to export ETH to be used as widely as possible. Every L2 that launches will export more ETH to new chains to be used in the building of new financial primitives. The stronger ETH's position as the reserve asset of open finance, the stronger it'll become.

@universe_spark @Jesseeckel you are wrong because currently they are already a handful of chains network that people use, i think in 10 years people will be surprised at how much more will exist, why? human nature will always be greedy and that will lead to new innovations of kinds of blockchains.

@Jesseeckel A small handful of mega networks, not thousands. With some L2s for specialist requirements e.g. high frequency trading. "exact opposite" weren't quite the right words, my bad 😅

@chad__man @Jesseeckel @DegenPhilly87 the real thing that blockchains solve over apps is the removal of the fragmentation that comes with the current banking system

@Jesseeckel @DegenPhilly87 What's the difference between using apps built on android/ios over dapps on centralised blockchains like eth L2s, L3s, LXXXs?

@chad__man @Jesseeckel @DegenPhilly87 people will care about decentralisation less and less and we can see that with solana and l2s already, why blockchains? try moving $100k from Nigeria to Cuba under one minute and you will see why alot of commercial apps will use their blockchain ,its called instant settlement bro

@SolBeachBum @omg21btc @BrandonTucker @PeterLBrandt I disagree, there will be millions of chains, most companies would have their own type of chains built for specific purposes,monolithic &general purpose blockchains will eventually become a meme, people may use it to find PMF, except the chain becomes a chain of chains like eth

@omg21btc @BrandonTucker @PeterLBrandt There will be millions of apps (equivalent to companies). There will be 2-5 major execution environments where majority of apps are housed - in large part due to their massive network effects. And I’m pretty sure the Facebook stage will be Firedancer…

In the battle between $SOL and $ETH it was inevitable there would be a clear winner. $ETH - cumbersome, expensive, flawed, claims to be decentralized when its not $SOL - user friendly, great foundation $SOL should gain 100% on $ETH in months ahead

@apoorvsadana @0xMarcB @implied_vol @andyyy @mteamisloading @chainyoda Its the same reason why consensus mechanisms work in the first place, to avoid a double spend. if validators attempt to create a fake transaction it will bite back the chain not the agg layer, since you can't withdraw more that what you put in.

@apoorvsadana @0xMarcB @implied_vol @andyyy @mteamisloading @chainyoda Bro, it doesn't need to be deposited via L1 bridge to be aware, its awareness comes from ZK proving the consensus of any chain attempting to move funds through Agg ,as long as it can mathematically prove the consensus of the cosmos chain correctly it can point a fake transfer.

@peshwarla @jon_charb Thats not true, which other agglayers? and even if there are ,it makes the agg layer proposition even stronger because they'll just be interoperable using ZK tech making the network effects much larger, agg layer isn't really about any specific eco system that's the mistake!

There are already multiple agglayers brewing. Each ecosystem wants to build its own. Doesn’t help to solve fragmentation. Such a common good critical comms layer must have been enshrined in L1. This is where the Ethereum core / research team has failed in its roadmap. If there is intent, a solution can be found.

Kyle is right here Unpopular opinion - this is why AggLayer is prob more valuable to solve fragmentation than any type of based/shared sequencing/preconfs/etc #1 value of sequencing layer is ability to easily & permissionlessly spin up a reliable, secure, decentralized chain

@DianaChimes Hey, thanks for the explanation, will there be like a central wallet? or how does the interoperability work with metamask or phantom? i'd appreciate your explanation

here's an example: If a user has ETH on Polygon but wants to mint something on Zora, they can do so in one txn. without having to trust a 3rd party bridge or use a synthetic version that is wrapped or local to Zora. You don't have to switch from Visa to Mastercard based on which store you shop at, right?!

It has come to my attention that people are confused (not shocking) by what the AggLayer IS and what the AggLayer IS NOT. A super quick AggLayer explainer 🧵

@0xMocrypto @WuBlockchain @zksync you are sick to think that zksync has done more than polygon in zk innovation, zksync stole plonky 2 from polygon and denied

Three projects that have not contributed anything significant to the industry are targeting @zksync. Polyhedra is merely a bridge with only four users. Polygon ZK-EVM is questionable, with excessively high gas fees and a founder promoting airdrops to mitigate gas fees while the network frequently experiences downtime. StarkNet has only eight users. Why are these projects specifically targeting zksync? one answer because ( $zk )sync is the Endgame.

Polyhedra, Polygon, and StarkWare issued a joint statement condemning zkSync’s use of ZK as a ticker and demanding that Matter Labs withdraw its application for “zero-knowledge” as the firm’s exclusive intellectual property. Polyhedra announced that it would change its original ticker ZK to ZKJ. cointelegraph.com/news/matter-la…

@_0xNinja_ why is solana not there??

As of May 6th, Polygon POS was the 3rd ranked blockchain by Daily Active Users in the entirety of Web3. Remember everyone calling Polygon a ghost chain? 👿 They've been awfully quiet lately🦗

Quick (ish) thread on Polygon adoption metrics - let's dive in! 🤿 But first, if you aren't following Polygon Stats, you're missing out on some great information - curated for you so you don't have to go digging for it!

@mert @hoffmang @jaybny It’s funny when I hear solana went off and developers ran to switch it on 😂…that in itself doesn’t sound very right. Sol a good chain but will never beat eth in terms of core Security and decentralization…and VCs behind don’t make it better!

> High TPS means datacenter only. No, you made this up I can run a Solana node at home in Toronto, no need for a datacenter You're also ignoring light clients, client optimizations, DAS, Moore's and Nielsen's Law, and that block production will tend towards beefier machines while verification will be done on lighter machines for most major chain architectures (but to play devils advocate, feel free to show me how a chain with over 3.1k nodes in over 400 globally distributed DC regions is centralized, be specific) Perhaps updating your mental model here would help Chia do more than 5 tps in practice

the blockchain trilemma is the biggest red herring in crypto it is useful at the boundaries in theoretical contexts in the extreme but we are far from those boundaries in practice it is not an insurmountable barrier or a law — it's a triangle from an 8 year old blog post

@mert @hoffmang @jaybny Solana is a good retail chain , but will never be able to beat eth in the most important usecase for blockchain which is economic SECURITY simple because individuals can exercise as much control as putting of and on a blockchain. Don’t forget this is a blockchain not a database

@mert @hoffmang @jaybny Bro, people over complicate this shit, as long as a blockchain can be restarted or put off by a group of people in some way or form, it is centralized no matter how many validators exist on the chain, the eth chain has never skipped a beat. That’s what you call a base layer!