gradwolf.eth

The .eth is here to stay.

@fintechfrank All these chains will benefits in due course, Ethereum will lead

Ethereum’s dominance is slipping. ETH is down ~30% YTD, the ETH/BTC ratio just hit its lowest level since mid-2025, and blockchain revenue is steadily shifting toward Solana, Tron, and Hyperliquid. The competitive landscape is changing fast. via GSR Research

@TokenizedDollar They'll jump in when price starts trending back up lol

@gradwolfdoteth Nothing wrong with that! I would ideally like everyone to have at least 5%

Just like Vitalik 90% of my net worth is in ethereum:native The coming decade+ will erase the last 5 years of pain and remind everyone that Ethereum is The King of Crypto.

@TokenizedDollar Eth is the only L1 with a long term moat. Speed is not the edge that the competition thinks it is. Decentralization, uptime and trust is much more difficult to achieve and more valuable

The recent slandering of Ethereum and ethereum:native has only made the community more alive and united than ever. Ethereum is eternal and $ETH has unlimited potential.

@Micro2Macr0 He's been bearish on the S&P for the entire run up for the last year or two also.

This retard is telling you that #Bitcoin is going to start it's drop towards $19,000 over the next few weeks, while $MSTR and $ASST are buying 10x the new supply and the government is working towards a Strategic Reserve and finalizing the Clarity Act. Moral of the story? Don't follow morons.

Some of my perspective on where the @ethereumfndn is going. First of all, this is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not. @aerugoettinea is the one executing much of this transition. My input has been largely on technical questions. The board is in the process of expanding, and my own power within the org will continue to decrease, which is honestly what I want. The 2025 era brought many important improvements to EF and its ability to execute. Many issues were resolved, and EF continues to benefit from its improved efficiency and greater focus on concrete goals to this day. And so with those problems resolved, early this year, the largest remaining hole that I perceived was something different nagging at me: I would regularly spot people saying things like "vitalik says these beautiful things about ethereum needing to be decentralized, and have privacy, and be a sanctuary technology, but why do the EF's actions not reflect that?" Now, you may have been hearing something different. You may not have been sensing a feeling of crisis at all, and maybe were hearing people saying that finally we were taking execution and BD seriously and the main task for us is to keep going that way and be even better and faster. Then probably there is genuine difference between you and me, in what kinds of criticism I take most seriously, and what kinds of critics through their criticism are most able to make me feel pain. As an analogy, let's briefly switch over to a different domain. One belief you can have about Google is that it is a success story, and has brought a lot of good to humanity in organizing the world's information. Another belief you can have about Google is that they had a beautiful idealistic beginning, but at some point the corruption of mainstream corporate attitudes seeped in, and they slowly bit by bit completely abandoned the "don't be evil" slogan. My belief on Google specifically is probably somewhere between the two. BUT, if you had taken me back in time to ~2008, and offered me a button to press to make Google one or two standard deviations more "dogmatic", eg. give Richard Stallman permanent veto power over some key policies, I would immediately press it. Why? Because a choice for one company is not a choice for the world, or even one country. Google existed and exists in the context of a technology industry generally drifting away from early idealistic don't-be-evil roots and toward greed for financial gain, totalizing visions of accelerated superintelligence, infiltration by sociopaths, and craven capitulation to (or worse, active participation in) government pressure for ideological control, surveillance and war. And so *one company* doing something different, positioning itself to be what George Bernard Shaw calls the Unreasonable Man, resisting the trend of the times, would have been better for freedom, balance of power and stability of society as a whole, than *all* large companies bending to dominant trends. This is a part of my version of pluralism. This line of thinking is not just mine, but I also is not too far off from what Aya and others had in mind with the Mandate. Now how does this all get to the role of the EF? EF is not a "center of Ethereum", rather EF is "one node, with a defined purpose, alongside other nodes". We've always said that the EF should be the latter, but many in the Ethereum ecosystem (and even within the EF) wanted us to be the former. Now, we are taking action to ensure that we will be the latter. This is particularly important because EF is a limited organization, with limited resources and limited organizational capacity. The EF has only ~0.16% of all ETH (less than many other individual ETH holders), whereas among other blockchains it's common for "the central foundation" to have 10-50%. Fiscally, the EF was originally designed to fulfill a limited work scope defined in the token sale docs and other pre-launch materials (building the chain software; getting through Frontier, Homestead, Metropolis, Serenity), which was fully completed in 2022; it was not designed to be an eternal steward. And so today, the EF is choosing to use its remaining resources to pursue longevity over breadth (yes, this means we sell less ETH). The EF focuses *specifically* on those activities critical to the success of ethereum as a censorship/capture-resistant, open, private and secure system, that would not happen otherwise. This means making hard choices, and in some cases even activities that we highly approve of and people that we highly respect becoming outside of the EF. People of great technical talent, public respect and even alignment with the mission and CROPS being outside of the EF is in fact necessary if we want important tasks to be able to attract outside capital. This also means the EF taking opinionated stands culturally. This is all intended in cooperation with all other parts of ethereum. We recognize that many other parts of the ethereum world highly respect CROPS and related values. But highly respecting is not the same as choosing to specialize and totally dedicate to a domain (Compare in a different domain: I think reducing animal cruelty is important, and I like vegan food, but am not full unconditional vegan myself) EF is still in a transition period, and we expect its new long-term form to stabilize over the next few months. What are the guiding principles of this new form? Again, I am only one person, but I can give my answer from a technical perspective (there are also critical non-technical aspects). At the core, *Ethereum must be impressive*. We are living in an age of highly intelligent AI and all kinds of other technological acceleration. "Status quo EVM, with a hard fork or two a year to optimize for short-term needs of users" is not interesting. To some, "impressive" means: 250ms latency and 1M TPS. I think Ethereum trying to go that route is a mistake. Being as fast and as scalable as possible, and only a small epsilon more decentralized than the others, is a route to mediocrity, and if we try it we will lose. I think Ethereum should scale. But I think Ethereum should strive the hardest to be deeply impressive in a different dimension: the CROPS dimension. This means things like: * Provably bug-free Ethereum. This is a goal that all cybersecurity researchers would have thought is absurd and impossible, up until roughly 6 months ago. Now, it's on the cusp of being possible, thanks to AI-assisted formal verification. So we should be frontrunners in doing this. * Available chain consensus. Ethereum is, and with lean consensus will cotninue to be, the ONLY chain that has both (i) traditional-BFT style properties that it's safe under asynchrony up to a high level of fault tolerance, and (ii) the bitcoin PoW-style property that under synchrony it's safe up to 49% attackers. As far as I can tell, literally no other chain has this or is planning for it; bitcoin goes for (ii) only and most other chains go for (i) only. Some will remember I fought hard for this, Unreasonably insisting that it is not OK for ethereum to rely on social consensus and hard forks to rescue ethereum from 34% of nodes going offline. It's OK for chains like hyperledger, bnb, solana, tempo, etc. It's not OK for bitcoin or ethereum or eg. zcash. * Intermediary minimization. The fact that smart contract wallets, protocols like railgun, etc have to send transactions through intermediaries to get included onchain is honestly embarrassing, and it's a constant point of fragility. Hence the work on FOCIL and EIP-8141 (and 7701 and years of work before) to make transaction sending intermediary-minimized with public mempool and strong inclusion properties, in a truly general-purpose way, that covers not just eg. secp256r1, but also privacy protocols and much more. Kohaku is pushing intermediary minimization at the user layer, pulling Ethereum away from the dystopian status quo world where our wallets don't even verify the chain, send our private data out to a dozen third-party servers, and toward a brighter CROPS future. Some of these goals are Unreasonable - maybe Ethereum would be "fine" getting only 50% of the way - what if we depend on intermediaries, but make it easy to switch? But going 50% of the way would not make Ethereum Deeply Impressive in the CROPS way. So we push for 100%. Fortunately all these goals are compatible with high TPS, this is a major focus of research (esp. on scaling the state). Well-designed L2s can also help, especially L2s optimized for specific applications (eg. high-volume trading, privacy...). These goals are even compatible with significantly lower slot times, thanks to Raul's work on erasure-coded P2P, and many other optimizations. The most high-value "product" of the ethereum blockchain, financially speaking, is ETH the asset. Ethereum secures $250 billion of ETH. The types of properties of Ethereum that I mentioned above are very good for ETH the asset. Nearly 90% of my net worth is in ETH, and most of the remainder is ~$40m of onchain fiat of which every dollar has already been allocated for some open-source biotech or software or hardware initiative. That said, there are aspects of supporting ETH the asset - *necessary* aspects even - that are outside the scope of the EF. This is where we need other heroes (some of whom hold more ETH than the EF does) to step in and help. EF has been recently thinking more about how it will relate to other such organizations, and give them needed initial support. EF will be a smaller ship than in previous years, a more opinionated one - in some cases more opinionated in ways that might be difficult to comprehend - but a longer-lasting one, and one suited to making sure that ethereum brings something meaningful to the world. We are grateful to all those inside and outside the EF who are helping to make this happen.

@AlgodTrading Trillions of assets need a decentralized, trusted and proven blockchain to record on chain activity. Tokenisation and stablecoins are a mega trend and ETH is the market leader. ETH will secure trillions of value and ETH the asset will increase in line with that.

Can anyone explain to me why $eth is a good buy at $250b mcap? Whats the upside and what the value to eth holders?

@DeepValueBagger Do some due diligence before posting retarded slop next time little guy

If I had millions of dollars in Bitcoin or Ethereum, I would be super scared of the probable implosion of $MSTR or $BMNR funds. Too many crazy shit happenned in the past to not think something like that won't happen. If you have small % of portfolio, you'll be fine. $BMNR has unrealized loss of the size of the FTX bankruptcy.

@NefflynB Bed is a bit small but that's pretty much all we need

HOMBRES, sean honestos, ¿realmente piensan que está bien vivir de esta manera ??

@therollupco I guess that's why gold has only been around for all of human history 🤪

"Retail is dead. The next marginal buyer is institutional." Zach Rynes just killed the store of value narrative for most of crypto. Here's the replacement: "Two models work. Staking dividends. Buybacks. That's it. Same as TradFi has always been." "Hyperliquid: generates revenue, buys back token. Intuitively obvious. The store of value story is dead for most assets. Bitcoin works. Ethereum kind of works. For everything else, dead."

Crypto Twitter sentiment is ultra short sighted. Fast forward another 5 years and ETH will still be around and will be thriving.

Vitalik Buterin wrote the Ethereum whitepaper at 19 years old. Let that sink in. While most of us were figuring out college or chasing clout, this kid was designing a world computer that would go on to secure hundreds of billions in value. And what did he get in return? 2014-2016: "Ethereum is a scam." "It'll never work." "Bitcoin is the only real crypto." 2016: The DAO hack. $60M stolen. The entire project nearly died. Media declared Ethereum dead. He had to make impossible decisions that split the community. 2017-2018: ICO boom turned bust. Everyone blamed Ethereum. "ETH is going to zero." Projects that built garbage on his platform made him the scapegoat. 2019-2020: The "ETH killer" era. Every new L1 was supposed to replace Ethereum. Solana. Cardano. EOS. The narrative was relentless: "ETH can't scale. ETH is too slow. ETH is finished." 2021: Gas fees through the roof. "Ethereum is unusable." "Only for the rich." More FUD. More hate. 2022: The Merge. Years of work. Everyone said it would fail. "ETH will crash." "The chain will break." "It's too risky." It didn't fail. It was one of the most successful upgrades in crypto history. Flawless. 2023-2026: Now it's "EF is incompetent." "Ethereum has no roadmap." "Leadership is failing." Same energy, different year. Through all of this - every single cycle - Vitalik is still here. No rage tweets. No clapping back at critics. No "I told you so" victory laps. Just building. Researching. Writing. Thinking about the next 10 years while everyone else argues about the next 10 days. This man donated hundreds of millions to charity. Gave away his SHIB airdrop to India COVID relief. Lives modestly while he could be living like a king. He's been mass unfollowed. Called a scammer. Mocked for how he dresses, how he talks, how he thinks. CT loves to clown him when ETH is down and pretend they always believed when ETH is up. Most people on this app can't handle a ratio. Vitalik handled a decade of the entire crypto industry telling him his life's work was worthless - and kept building anyway. That's not stubbornness. That's conviction. The kind you can't fake. The kind you can't buy. The kind that builds things that actually last. You don't have to mass $ETH. You don't have to mass anything. But you should respect the man who mass something real while the world told him he was wrong. Decade of FUD. Still here. Still building. Respect the builder. Respect the vision. Respect the man. 🫡

Ethereum is PERMISSIONLESS Ethereum is OPEN SOURCE Ethereum is ANTIFRAGILE Ethereum is ENERGY-EFFICIENT Ethereum is GLOBAL Ethereum is BUDGET-SECURE Ethereum is UNCESORABLE Ethereum is a SOCIAL MOUVEMENT Ethereum is HOPE Ethereum is FREEDOM ETHEREUM IS NOT A COMPANY

@TokenizedDollar This is possibly the most mispriced asset ever. Every financial institution is signalling they are moving assets on chain and stablecoin adoption is rapidly growing too. Ethereum can completely lose the trading & perps market and still go to a multi trillion market cap.

$ETH is _________ ?

@mmmikema I buy BMNR BTC and ETH every month

Everyone that’s bearish on $ETH today is just out of money to bid more

If you were buying when Ethereum was all about monkey JPEGs and food tokens, and you're selling when finally big players are starting to understand the value prop of credibly neutral rails, waiting only for the regulators to allow them to use it, then I don't get your thesis.

@RyanSAdams Possibly the worst time ever to rotate away from ETH 😆

Time to say something out loud. The first era of Bankless has concluded. A six year collaboration between David and myself exploring crypto, defi, and maximizing Ethereum. We're in the second era now. In this second era I'm planning to take more of a backseat role supporting @TrustlessState as he explores new frontiers in crypto and beyond. I'll still be the pod every week (would never miss a rollup) but less in the role of content direction and guest interviews. David has the helm. He has my full support. For my part, I'm still bullish ETH. And bullish Bankless.