Chokopaychik 🦖

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Chokopaychik 🦖

Chokopaychik 🦖

@chokopaychik

Monaco Katılım Eylül 2021
605 Takip Edilen292 Takipçiler
alain.linea.eth
alain.linea.eth@Alain_Ncls·
So I can write « MetaMask » in plaintext and not get annoying bots replies right away? X cooked hard on this one 😍
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alain.linea.eth
alain.linea.eth@Alain_Ncls·
"Linea Yield Boost is coming" 👀
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cyp.eth
cyp.eth@0xcyp·
i don't know who needs to hear this but: last time facebook announced a stablecoin, eth crashed 50% within 6 months but i'm sure this time is different
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LORE
LORE@Linea_Ore·
What is LORE? LORE is a fully on-chain prediction mining game on @LineaBuild. 🟪 5×5 grid. 25 tiles. ⛏️ Stake LINEA tokens on tiles you believe will win. 🎯 One winning tile per round – selected by the smart contract. 💰 Winners split the reward pool. No off-chain randomness. No hidden admin. Pure decentralized mining.
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Chokopaychik 🦖
Chokopaychik 🦖@chokopaychik·
I honestly don't understand why any serious financial institution would choose Linea over other networks. The foundation of finance is trust, yet this team has consistently broken their word. You are silently dumping $linea tokens that were allocated for the ecosystem/community while constantly shifting goalposts. If you deceive your early adopters and retail users, why should institutions trust you with their workflows?
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MetaMask 🦊
MetaMask 🦊@MetaMask·
Did you claim your @nansen_ai Pro discount? Every user who reached level 2 in MetaMask Rewards qualified for a 20% discount on any Nansen Pro subscription. 🎁
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gwen.eth
gwen.eth@Gwenole_M·
Entering my last few days @Consensys Working on @MetaMask and @LineaBuild has been a cool ride. I’m moving on to the next chapter (and it’s going to be very interesting ✨) Thank you to everyone I’ve worked with so far, especially @francescoswiss for his trust and advices, and for helping me grow as a DevRel (and as an adult) Special thanks as well to the DevRel team: @tanay1337 @yashovardhan @ayushbherwani @ishahbaz @amxrachijohnson - and to @_cxalem Chinthaka and Sushmita: even if you left, I did not forget you I had a lot of fun and learned a ton. I couldn’t be more excited to share what’s next soon 👀🔸
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Le Chiffre
Le Chiffre@LeChiffre·
Step 1 ⇒ Look at the panel: name, title and company Step 2 ⇒ Look at this X profil @GuiDechaux Step 3 ⇒ Look at his badge Step 4 ⇒ Make the connection Step 5 ⇒ Hit follow button to the master Institutional Crypto
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Mak
Mak@brelgino·
The only thing I can't wrap my head around is why buy tokens for $30 million 100 days before the final results and end up distributing $8 million. It would have been possible to buy tokens during this week and thereby increase the total number of tokens purchased, meaning that people would have actually received seven times more rewards than they are now. I think this is a huge mistake on the part of the people who made the decision on this issue, and I would like more information on this matter. I have seen this happen before in various projects, and to me it is very stupid and strange how such mistakes can be made when you work in the web3 industry. This is something the Metamask team should really be ashamed of
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Mak
Mak@brelgino·
MetaMask Now you can check your $LINEA allocation for Season 1. I had 250k points and spent about $1k. Can you share your results? Were you satisfied with this distribution? Will you participate in Season 2?
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Mak
Mak@brelgino·
Manifesto: How NOT to Run a Rewards Program (MetaMask case) If you publicly announce a rewards program with a fixed USD value, clear dates, and explicit numbers, you are no longer running an experiment. You are making a commitment. - @MetaMask publicly communicated that the rewards pool would be $30M - That number shaped user behavior, activity, and opportunity cost 1. What went wrong: - Team members of the MetaMask stated in Discord (Consensys) that the rewards pool was allocated at the start of Season 1 (Oct 28, 2025) - Season ended 2 weeks ago, results are still being calculated - During this time, LINEA price collapsed from ~$0.0145 (28 Oct) to ~$0.0036 (5 Feb) - A ~4x drawdown turned a $30M rewards pool into ~$7.5M As of today: - No tokens have been distributed - No onchain proof exists of what was actually reserved But goal no clarity whether users will receive: - $30M equivalent (≈8.33B LINEA) - or $7.5M equivalent (≈2.08B LINEA) They are 4x differences in user outcomes 2. Why this is a trust failure Users did not optimize for “number of tokens” They optimized for $30M in value, exactly as MetaMask communicated publicly If the final distribution is closer to $7.5M than $30M, then: - Users were effectively misled - Activity was farmed under false economic expectations - Trust was monetized and then diluted by market timing From a moral and reputational standpoint, that is a much larger loss than any treasury drawdown 3. The obvious fix (that others already learned) If you announce rewards in USD terms: - Buy tokens close to the end of the season, not 100 days before - Or top up the pool to honor the promised USD equivalent We have already seen this lesson play out: - OpenSea publicly committed to fixed ETH/ARB/OP reward pools - When market conditions moved, they added USDC to close the gap - Eventually they switched entirely to stablecoin-denominated rewards to avoid this exact problem That is how you protect user trust Buying $30M worth of tokens 100 days before final results, only to distribute ~$8M worth after a market crash, is indefensible. Buying the same amount this week would have resulted in: - Significantly more tokens - ~4x higher user rewards - Zero controversy 4. Final note This is not the first time this mistake has happened in crypto. Which is exactly why it is unacceptable to see it repeated by a team of this size and experience If you work in Web3 and run incentive programs: > Do not anchor users to USD values you are not prepared to honor > Do not shift market risk onto your most active users > Do not stay silent when expectations and reality diverge MetaMask should publish: > Full transparency on the rewards allocation > Clear confirmation of the final USD-equivalent value > And, if necessary, top up the pool to reach the promised $30M Anything less permanently damages trust And trust, once broken, does not recover on the next season
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Jacob King
Jacob King@JacobKinge·
CZ Binance really just unblocked me to DM that he’s sending me a cease and desist order because I made a post saying I think Binance is secretly insolvent. This is definitely something a totally solvent, safe, and secure exchange would do. Not suspicious at all!
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Le Chiffre
Le Chiffre@LeChiffre·
not accurate! with the Linea burn mechanism, 20% of the revenue generated by the sequencer is used to buy and then burn ETH directly - which is not reflected on your dashboard since we implemented it, we have burned approximately $113k worth of ETH the contribution of all L2s is not only economic, it is also in the field of research & BD which benefit directly to Ethereum
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Ethereum Daily
Ethereum Daily@ETH_Daily·
Are L2s symbiotic or parasitic with Ethereum L1? You'll hear folks rave about Ethereum's thriving L2 ecosystem expanding and benefiting L1. But over the past few years, this "growth" hasn't shown up in $ETH token prices like believers hoped. So, are L2s truly symbiotic, helping Ethereum flourish, or are they quietly parasitic, siphoning value and weakening it? An L2 project should create more value for L1 beyond just "scaling," because L1 is scaling lightning-fast on its own. With upgrades like Fusaka (60M gas limit now) and Glamsterdam (200M by end-2026), L1 fees are at rock-bottom $0.14 avg—lowest in 9 years. Activity's at ATH with 791K-1.3M daily addresses, yet fees stay low $0.1-0.2. Most current L2s retain most of the fees. Users pay on L2s, but only a tiny fraction (<1%) flows back to L1 via data posting & proofs. Over the past 30 days, Polygon generated approximately $350,000 in fees, but returned only $200 to Ethereum L1—a mere 0.06% of the total. This equates to just $0.06 returned for every $100 in fees collected. By comparison, Base returns about $0.09 per $100, while Linea fares slightly better at $0.30 per $100. This doesn't auto-make L2s parasitic—it's a wake-up call. If L2s just copy L1 (cheaper EVM clones), they're taking value without much reciprocity. But if they innovate per Vitalik's vision—privacy VMs, AI apps, ultra-scaling, low-latency—they expand the ecosystem, lock more ETH, boost demand, and turn symbiotic. L2s helped Ethereum survive congestion eras, but with L1's direct scaling, they must prove unique value or risk being seen as vampires.
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Ethereum Daily@ETH_Daily

🔥 Vitalik Buterin emphasize Ethereum L1 does not need L2s for scaling anymore, because L1 is itself scaling. Old Vision: Initially, Ethereum needed to scale to handle more transactions without overloading L1. The idea was to use L2s as "branded shards" – sub-chains backed by Ethereum's full credibility and security. This ensures that activities on L2 (like transacting with ETH) are safe, uncensorable, and irreversible, just like on L1. If an L2 only connects to L1 via an untrustworthy bridge (like multisig), it's not truly "scaling Ethereum." Why This Vision No Longer Fits: - L1 is Self-Scaling: Transaction fees on L1 are currently very low, and the gas limit (the cap on transaction volume) is expected to increase significantly by 2026. This allows L1 to handle more without fully relying on L2s. - L2 Progress is Slow: Many L2s haven't reached stage 2 (full maturity), and some don't even want to due to technical reasons (ZK-EVM safety) or regulatory needs (requiring ultimate control for compliance). Vitalik acknowledges this might be right for some projects, but it no longer aligns with the "rollup-centric" roadmap (focusing on rollups for scaling). New Vision for L2 Vitalik suggests stopping the view of L2s as mere 'shards' of Ethereum and instead seeing them as a diverse spectrum of specialized chains, with varying levels of connection to Ethereum. Not all L2s need to "scale Ethereum" in the traditional sense; they can be more independent and focus on unique value. To be clear, Vitalik isn't saying L1 completely doesn't need L2 anymore. Instead, he points out that L1 is scaling independently (via gas limit increases and low fees), so L2s are no longer the "only savior" for scaling as in the original vision. However, he still sees L2s as an important part of the ecosystem, but they need a pivot: They should focus on unique features rather than just being "shards" for scaling. Ethereum will better support L2s through tools like precompiles, helping them grow without forcing them to be "pure extensions" of L1.

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MetaMask 🦊
MetaMask 🦊@MetaMask·
$LINEA will be distributed proportionally based on your level and total points at the conclusion of the season. This week, you’ll be able to see your $LINEA allocation. The distribution & claim will take place this month.
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MetaMask 🦊
MetaMask 🦊@MetaMask·
📣 MetaMask Rewards Claim Update Some of your rewards are rolling out NOW. $LINEA is coming soon. 🧵👇
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Chokopaychik 🦖 retweetledi
Star_OKX
Star_OKX@star_okx·
No complexity. No accident. 10/10 was caused by irresponsible marketing campaigns by certain companies. On October 10, tens of billions of dollars were liquidated. As CEO of OKX, we observed clearly that the crypto market’s microstructure fundamentally changed after that day. Many industry participants believe the damage was more severe than the FTX collapse. Since then, there has been extensive discussion about why it happened and how to prevent a recurrence. The root causes are not difficult to identify. ⸻ What actually happened 1.Binance launched a temporary user-acquisition campaign offering 12% APY on USDe, while allowing USDe to be used as collateral with the same treatment as USDT and USDC, and without effective limits. 2.USDe is a tokenized hedge fund product. Ethena raises capital via a so-called “stablecoin,” deploys it into index arbitrage and algorithmic trading strategies, and tokenizes the resulting fund. The token can then be deposited on exchanges to earn yield. 3.USDe is fundamentally different from products such as BlackRock BUIDL and Franklin Templeton BENJI, which are tokenized money market funds with low-risk profiles. USDe, by contrast, embeds hedge-fund-level risk. This difference is structural, not cosmetic. 4.Binance users were encouraged to convert USDT and USDC into USDe to earn attractive yields, without sufficient emphasis on the underlying risks. From a user’s perspective, trading with USDe appeared no different from trading with traditional stablecoins—while the actual risk profile was materially higher. 5.Risk escalated further as users: •converted USDT/USDC into USDe, •used USDe as collateral to borrow USDT, •converted the borrowed USDT back into USDe, •and repeated the cycle. This leverage loop produced artificial APYs of 24%, 36%, and even 70%+, widely perceived as “low risk” simply because they were offered by a major platform. Systemic risk accumulated rapidly across the global crypto market. 6.At that point, even a small market shock was sufficient to trigger a collapse. When volatility hit, USDe depegged quickly. Cascading liquidations followed, and weaknesses in risk management around assets such as WETH and BNSOL further amplified the crash. Some tokens briefly traded near zero. The damage to global users and companies—including OKX customers—was severe, and recovery will take time. ⸻ Why this matters I am discussing the root cause, not assigning blame or launching an attack on Binance. Speaking openly about systemic risks is sometimes uncomfortable, but it is necessary if the industry is to mature responsibly. I expect there may be significant misinformation and coordinated FUD directed at OKX in the near future. Even so, speaking honestly about systemic risk is the right thing to do—and we will continue to do so. As the largest global platform, Binance has outsized influence—and corresponding responsibility—as an industry leader. Long-term trust in crypto cannot be built on short-term yield games, excessive leverage, or marketing practices that obscure risk. The industry needs leaders who prioritize market stability, transparency, and responsible innovation—not a winner-take-all mentality where criticism is treated as hostility. Crypto is still early. What we choose to normalize today will determine whether this industry earns lasting trust—or repeats the same mistakes again.
Star_OKX tweet mediaStar_OKX tweet media
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MartyParty
MartyParty@martypartymusic·
Update: Binance exchange order book metrics show $1b of Bitcoin was sold on an illiquid Saturday to manifest the Wyckoff. However their wallet balance still reflects 631k $BTC proving it is synthetic trading, spoofing and manipulation using user funds, not actual Bitcoin on chain.
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Chokopaychik 🦖
Chokopaychik 🦖@chokopaychik·
@LeChiffre The Linea team just needs to find someone who will build. They have no problems with token sales.
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Chokopaychik 🦖
Chokopaychik 🦖@chokopaychik·
@mikashi Why do you keep dodging the question and can't provide the exact amount of $LINEA tokens, even after the campaign has ended?
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MichaelK.eth
MichaelK.eth@mikashi·
gmeta 🦊 MetaMask Rewards is a massive program; millions opted in for season 1 we greatly appreciate the feedback & patience as we confirm allocations & address potential exploits $30M worth of LINEA tokens is reserved for level 2+, we have always made this clear LOCK IN 🦾
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