James.eth 🔥_🔥

All this Ethereum / EF fud on my timeline is hilarious. Where else are you going to build? Where else can you run decentralised smart contracts? Where else isn’t a money cesspit? I swear all of you just want the same financial system we have today.

after talking to people at the EF and seeing posts like this, i need to admit my concerns about the ethereum mandate were pretty misguided ethereum will continue to kingmake apps simply by using and talking about them (here, morpho) because that's exactly what it should do

@litocoen @gajesh And we will always discuss and improve too!

@blockchainjames @gajesh i love ethereum and i love the EF always will

ngl im starting to be pissed at the EF for blatantly overlooking Fluid again and again not because Morpho doesn’t deserve it (at all!!) but that they rather allocate a second time to a protocol they’ve already allocated tens of millions to before giving a nod of appreciation to one of the fastest growing protocols on Ethereum over the past 2 years screams of incompetence and/or bad judgement these guys embody the values of what makes ethereum special discovered ethereum as teenagers as a way to build permissionless financial applications - before they even had a bak account in their name won ethindia hackathon, got mentored by kyberswap guys, raised some money and scaled instadapp to billions of TVL in defi loans 6 years later the guys are still building and have come up with a completely new primitive (turning lending markets into AMM’s) became the second largest DEX on Ethereum just behind Uniswap and one of the largest money markets which in club does one need to belong to, to get considered by the EF treasury?

@nocircuit Except the internet has already taken off. Completely without sqlana

Assuming Ethereum is the clear winner is the same as assuming AOL was the winner when the internet took off. Can it win? Sure, but let’s be real. The world doesn’t wait for technologies to keep up.

@gajesh @litocoen lol “all respect” is a little much. These are complicated organisations with complicated goals and politics. Literally every L1 foundation is competed cooked and the EF is 10x better than any of them

@litocoen by now, i have lost all my respect towards ethereum foundation -- they continue have show double standards (not just with this incident) what they say and what they do is opposite sides of the spectrum. but don’t let their incompetence hurt what you’re building at fluid.

@tayvano_ Dam the defence running so strong - Agree that investing in general is useful and achieves all of those points, just think many crypto investors & funds have also caused just as much chaos and impact. Wild list tho

> Who’s billions? People who have capital to spare and are willing to throw it at early stage, insanely high risk crypto shit lol. > How useful has that funding been Well, investing in shit has a huge amount of direct and indirect “usefulness” First, it obviously directly incentivizes, funds and supports builders who are building things. It means that things that wouldn’t otherwise exist can exist. Second, it gives builders the ability to hire other people to build such things, which increases the quality and quantity and experience of talent. e.g. Even the most “useless” investment can still end up net-beneficial for the world if that company hires and inspires someone who goes on to build other valuable things. Third, it inspires non-builders to dream and believe and take action, knowing that getting capital and support is not a blocker to realizing their dreams. This is the most critically important thing for any emerging ecosystem, and for the world in general. It unlocks dreamers. Without them, there is no innovation, no progress, no improving the world. More tangibly, here’s a *very* small selection of shit one person in that photo has deployed capital into over the last decade. As noted, not all of these are equity plays. Which is add’l useful for all of those builders who didn’t have (or want) equity / a Delaware c-corp. Avalanche dYdX Compound MakerDAO Celo Polymarket River Uniswap Yellow Card Neon Machine Ritual Babylon Spectral Vana Astar Aurigami Space Runners Kurate Celestia EigenLayer Berachain Sahara AI Bittensor Canton M^0 Grass Seismic StakeStone Lombard Axelar

It honestly doesn’t lol. The people that have destroyed this industry have no faces and aren’t here anymore. They come, they extract value, they leave. Everyone in this photo is still here. If you don’t like what they do and how they do it, do something better.

@tayvano_ You do you; yeah agree, but at what point is it fair to criticise? Like do you agree that the vanity fair article is a hit piece and presents crypto (as well as those in it) in a negative light that could do damage? Anyway, I reckon Jake’s tweet is 88% accurate lol

@blockchainjames You do you man. You want to be in Vanity Fair, go for it. You want to be anon hacker egirl pfp, go for it. It’s boring ass shit if everyone is exactly the same and building the exact same shit. You build shit, you support people who build shit, that’s what matters.

@tayvano_ We’re all still here building, just don’t need to enable a vanityfair hit pieces lol

@blockchainjames Still here as in literally deploying billions in capital to fund thousands of people and early stage co's who build this industry, as well as building it themselves...................

@binji_x 🖨

funny how people don’t understand that the real winner of the vanity fair crypto article is …. vanity fair their entire business runs on engagement ??? like yeah they cooked

@CloutedMind They're only the face of the NY ego centric lens of the industry

im getting tired of the people that are the faces of this industry

@parisrouz @haydenzadams I like Ethereum and nice things.

@blockchainjames @haydenzadams As long as you leave Meltem alone

Most folks hating on the Vanity Fair article would have said yes if asked to be on it.

@parisrouz @haydenzadams Does that mean i'm allowed to hate on it 😂

@blockchainjames @haydenzadams Glad you’re not most.

@hasufl What leads a mf to want to be included in this lmfao

"Crypto's True Believers Demand to Be Taken Seriously" Not like this though

@CamiRusso Ego is the only explanation for saying yes to this lmfao

This VF photo and article ("Crypto’s True Believers Demand to Be Taken Seriously") feel so off to me and I was trying to figure out why. I think it's because it feels like something that was written in the 2018 era of crypto -- where belief was almost everything the industry had going for it. blockchains and tokens were live but mostly just to gamble with. so a photoshoot that portrays crypto people as this excentric rag tag group who somehow still hang on to their weird ideals even as prices crash made sense back then. But not today.

@hosseeb What is the point of this post? The EF is shipping multiples more than any similar L1 foundation and vision setting (as well as communicating it) is important

I hate to be the one to say this, but please--no more manifestos. They've made great progress on this in the last year. What people want to see from the EF is less manifesting, more shipping.

@nickcammarata @shawmakesmagic Infinite trial and error

I don’t actually know how to process this, what’s a reasonable explanation of what is going on here