hjulorius.eth ⟠

If you want to follow the people/orgs around ETH reserves and treasuries, here's a short list for you: 1. strategicethreserve.xyz - run by @fabdarice 2. accelereth.com - some info on SBET 3. @NasdaqBTCS + CEO @Charles_BTCS 4. @sharplink + board chairman @ethereumJoseph 5. @BitDigital_BTBT + CEO @SamirTabar 6. BMNR treasury built by @fundstrat 7. @GSQHoldings + CEO @justin_kenna (new joiners) The list will be updated once we have more companies joining. Who did I miss for now tho?

Oh the centralized vibe coded thing that openly laundered for criminals, including numerous IRL armed robbers, and who’s main selling point was lying about doing KYT (even though it was a fully centralized vibe-coded mess) might have gone bye-bye? You don’t motherfucking say. 🙄

@EthereanVibin stay strong, ser. our time will come

Being an $ETH bullposter is basically a public humiliation ritual at this point Fml man

As 'crypto winter' turns to 'crypto spring' - investors look to catalysts for next up-cycle - to us, it is obvious - tokenization and agentic AI PS: sentiment turns to 'indifference' at the bottom... are we here now? $BMNR $ETHA $ETH

If you had one link to send someone serious about Ethereum, what would it be? I made one. ethereumpage.com

and they said $80k was insane. $250k ETH loading...

@RyanSAdams More up is gooder.

ETH up 14% in the last 7 days. Up is good.

And now an anecdote about trading: One of my favorite memories from my futures trading days long ago was an encounter at the bar of a Midtown steakhouse with a commodity trader. This as in the early aughts, when the biggest futures markets were mostly electronic but open outcry dominated smaller commodities. We still debated which format was better. This particular guy traded sugar and silver down in the old Comex pit. He was from Staten Island, must have weighed closed to 300 pounds, and had a neck thicker than my chest. He was at Rothman's at happy hour wearing a Hawaiian shirt. When a mutual friend introduced us, he asked if I "only traded on the compyooter?" "Yes" I said, "and I'd occasionally call in an order to my broker if away from my office." "But what happens if you make a mistake?" he asked. "You mean if I wanna buy a ten lot but accidentally buy 100?" I said. "Yeah, the compytooter just sends it through, don't it?" "Of course" I said, "If its a market order or my limit hits it's gonna get filled and I'm on the hook. Hopefully the market doesn't move against me and I can reverse it right away, only losing the spread." "See, that's the thing I'll never understand about you compyooter boys", he said, sounding agitated. "If I make a mistake in the pit, then I grab that fockin' broker by the neck and yell 'Hey, I'll buy you a steak. I'll buy you a beer. But whatever you do, don't you dare put that fockin' trade in'" Then he added: "And you know what? He'll listen, like the mistake never happened." I had to admit that in that regard, floor trading was superior to electronic markets. So why am I telling you this story? Because it amazes me that there are so many so-called believers in crypto who still want permissioned databases that can be reversed by one person, stablecoins that intervene after every hack, and DeFi protocols that come with an undo buttons. 25 years of market evolution, and the bailout bros have the same mental model as a 300lb ex-linemen grabbing throats in the pit. He was wrong about ideal market design. So are they.

@EthereanVibin would look better higher tho

Justin Drake (@drakefjustin) explains why client diversity is Ethereum's big selling point now that Anthropic's Mythos is running around finding extreme amounts of zero-days⚠️

@Jrag0x someone should tell Nic Carter

You can't beat that.

The Canton governance model described by Yuval here isn't new, it's the same model as every privately-owned payment and clearing system in TradFi. It's also why finance is stuck in the dark ages, why you can get a couch delivered faster than a wire, and how the Too Big to Fail banks just get bigger. Giving the existing members of a platform a vote on "who else gets to join" isn't some egalitarian merit-based breakthrough: It's a mechanism that lets incumbents deter competition and prevent innovation. That's not a theoretical concern, it's the history of payments and capital markets today. Permissioned architecture is why Visa and Mastercard (both started as non-profit consortiums) have a higher combined market cap than any bank that founded them. It's why the NASDAQ is more powerful than any member of the National Association of Securities Dealers, and why the CME rugged all of its OG seat holders. Think of this way: Now that Visa is a Canton super-validator, is it going to go out of its way to welcome Mastercard? It shouldn't. Is Euroclear going to welcome a FinTech that wants to reinvent European capital markets and make Euroclear obsolete? Of course not. And since this is a permissioned database, the censorship applies to founders and app builders as well. Is the NASDAQ going to welcome a DEX? It would be foolish if it did. In fact it would be a violation of its exec team's fiduciary responsibility to shareholders. Game recognize game. None of this is hypothetical. I was in the room when the senior executives of one of the largest banks debated whether they should join Libra (which had a similar governance structure). Joining to block the competition was a stated motivation. Having the competition join and block them was a stated fear. I also know the leaders of regional banks and credit unions who fear solutions like Zelle because EWS is owned by the GSIBs. I know highly succesful FinTech founders and VCs who understand that running on bank-owned infra is an existential threat. I know the crypto founders who spent years fighting to get access to Fed Master accounts because they didn't want to be dependent on Wall Street. I also know the TradFi firms lining up to join corpo DLT databases while lobbying to kill stablecoins and DeFi in DC. This is all business 101. Own the infrastructure, don't help your competition, prevent innovation that erodes your margins, make future founders dependent on you. Yuval has been around crypto long enough to know Proof of Stake consensus is a form of Sybil Resistance, one designed to prevent incumbents from taking over the chain and killing their competition. The ~$100k cost of becoming an Ethereum validator is trivial compared to the cost of "your competitors & incumbents conspiring to screw you." I'm confident the various people behind Canton know all of this, they are bright people. They were there for all the previous permissioned corpo database with proof of press release GTM that ended in disaster. That's why Canton has one unique feature none of those prior attempts had. It's quite clever in that regard.

@Jrag0x so it really is permissionless once you are permitted in and then also follow the rules of homeboys who might depermission you if you don't

Canton CEO literally saying: "Canton's not permissioned. Because anyone can get in. You just have to ask permission to get in."

@leolanza wonder if this trend will continue tho with oil being $100+

ISM was expected to come in at 52.3 but beat expectation coming in at 52.7

🚨 BREAKING: ISM manufacturing PMI 52.70 ISM >50 for a third straight month, signaling economic expansion and early bull phase for crypto

another reminder why we don't really need permissioned networks. we already have databases

Infinex Perps just got an upgrade. @Lighter_xyz is now live. Their Commodities Challenge is running right now. 100K LIT prize pool. Gold. Oil. Palladium. Trade it all on Infinex. No new account needed.

@malekanoms Bad actors attract more bad actors

People get mad at me when I suggest assuming every form of adoption on every chain (beyond Bitcoin & Ethereum) is just a form of pay to play. Meanwhile the approach gets congratulated and celebrated.

Reminder that in any permissioned network, for payments or securities or whatever, a single unregulated entity has the power to halt or revert the chain. It can steal or destroy your assets, censor, change your smart contract code, and break atomicity. The consensus mechanism is a charade. It’s like having a legislator pass laws under a dictator. This is also how TradFi works. But TradFi doesn’t pretend to be decentralized. It is at least regulated. Permissioned networks are the worst of all worlds. “But wait a minute Omid, all the most important TradFi intermediaries, from exchanges to card companies, are lining up to join permissioned networks, even running super duper validators” Exactly.

Circle has unblocked 2 wallets today lol. 1. Goated: 0x61f08d119974a3d9915f06765d83fe1aa677e543 2. Whoever this is who has received $18m USDC direct from Circle over the past few months: 0x3584887728d869cc5d3522fe04df25bedca77766 Both of these were @ ~00:00 UTC (20:00 ET) which is well after close of courts and even close of business. So, here's your updated lesson! 1. There is nothing you can do to prevent being blocked by Circle bc they defer to the courts. They don't even look at the addresses. They refreeze addresses they already froze, they freeze labeled addresses, they dgaf. If a lawyers convinces the judge to freeze you, you get frozen by Circle, end of. Even if you are a labeled, active, years old, legitimate service. Even if you are a bridge smart contract. It doesn't matter. 2. Similarly, there is nothing you can do to get more information about why you were frozen or get unfrozen, even if you are a legitimate business. Circle will give you the runaround and defer to the courts. Only way to get more info is to pray the case is unsealed and that you can find it on PACER and then fight it in those same courts. UNLESS, of course, you are Special. Now, I'm not sure what makes you Special. I am not Special. Circle fights victims regularly so victims are not Special either. But there are people who are Special! And if you become one of them, Circle will absolutely unfreeze your wallet!!! Regardless of what they fucking claim. So if you are frozen by Circle, I recommend going to personally go beg, grovel, and suck off @jerallaire and every single other Circle person you can possibly find. Literally. Warm up your dick-sucking and ass-kissing muscles and go make yourself Special. Good luck, godspeed! 😘💨