Bitty

Welcome to 2026! Milady is back. Ethereum did a lot in 2025: gas limits increased, blob count increased, node software quality improved, zkEVMs blasted through their performance milestones, and with zkEVMs and PeerDAS ethereum made its largest step toward being a fundamentally new and more powerful kind of blockchain (more on this later) But we have a challenge: Ethereum needs to do more to meet its own stated goals. Not the quest of "winning the next meta" regardless of whether it's tokenized dollars or political memecoins, not arbitrarily convincing people to help us fill up blockspace to make ETH ultrasound again, but the mission: To build the world computer that serves as a central infrastructure piece of a more free and open internet. We're building decentralized applications. Applications that run without fraud, censorship or third-party interference. Applications that pass the walkaway test: they keep running even if the original developers disappear. Applications where if you're a user, you don't even notice if Cloudflare goes down - or even if all of Cloudflare gets hacked by North Korea. Applications whose stability transcends the rise and fall of companies, ideologies and political parties. And applications that protect your privacy. All this - for finance, and also for identity, governance and whatever other civilizational infrastructure people want to build. These properties sound radical, but we must remember that a generation ago any wallet, kitchen appliance, book or car would fulfill every single one of them. Today, all of the above are by default becoming subscription services, consigning you to permanent dependence on some centralized overlord. Ethereum is the rebellion against this. To achieve this, it needs to be (i) usable, and usable at scale, and (ii) actually decentralized. This needs to happen at both (a) the blockchain layer, including the software we use to run and talk to the blockchain, and (b) the application layer. All of these pieces must be improved - they are already being improved, but they must be improved more. Fortunately, we have powerful tools on our side - but we need to apply them, and we will. Wishing everyone an exciting 2026. Milady.

You wanna know what happened? Exactly what I told you would happen. Every. Fucking. Floor. Every single one looks like this. It’s not like it happened before with Blur already. It’s not like you can pinpoint on the chart to the fucking DAY where NFT’s topped, the second they had some momentum finally. Yes demand is low, yes ecosystem is fragile, but it was there, you incentivize these cocroaches with worthless chests this is what happens. It’s litterally the same exact thing all over again. But sir, demand is low, if there was REAL demand it wouldn’t be like this! Sure, demand is low because this whole mechanism makes the whole asset class uninvestable. You are litterally incentivizing death spirals. People get to take tiny losses - they think they won’t anyways cause reasons - hoping their gacha will hit a punk and make it all worth it. Plus you geniuses decided that leverage and loans on completely and maximally illiquid JPEGS where a good idea, cause yeh bro I’ll just flip it bro, easy money bro, strategychestscatalysts bro. Good christ. Morale as a byproduct of all this is absolutely destroyed. Who would wanna join? It makes 90% of the Strategies launches ineffective too, wich woulda been a sight to behold, kills momentum of any kind. They will be eventually, but not this second. Every catalyst and event gets sniped and frontrun by people who could give two shits and will list 2% higher and panic into the spiral when they realize they’re all just cannobalizing each other. And I’m gonna hear all sorts of bullshit now just like I did back then with blur and just like it did back then when this nonsense farming stops, or when people stop enjoying being assfucked and lose 0.1 every fucking flip, it will heal. Slowly. So imma mute this thread now cause I just can’t with the nonsense and the boot licking. I pruned heavily where I had to within a week of the launch of these fucking chests. And will go down with the ship with the stuff I chose to do so with, cause some if this stuff, I actually just love and believe in besides the economic value. It just fucking sucks cause it’s all so avoidable. The good news is bottom is close. The bad news is it’s not close enough.