Kazsauss

With David’s gone time for me to admit “Eth is money” is the correct thesis Just not how most people think All assets will be tokenized People will hold whatever assets they most value (the most decentralized money is infinite forms of money competing) No need for a single unit of account if you have a low cost, efficient way to exchange any asset 24/7 Uniswap on Ethereum is the best decentralized money system and it’s still the early days 🦄

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.

Vitalik on ETH the asset. Yes. He finally said plainly that ETH is the most valuable product of Ethereum.

Wir mussten ihn wegen Nötigung anzeigen. Keine halbe Stunde standen wir im Wedding, da beschallte er unseren Stand mit „Scheiß AfD“, klebte die Umgebung mit „AfD-Verbot. de“ zu und bestand darauf, unseren Security-Mitarbeiter wegen „Handgreiflichkeit“ anzuzeigen. Sechs Polizisten und drei Einsatzwagen waren anderthalb Stunden mit dem Theater beschäftigt, die Zeugenaufnahmen, die Bürokratie ist enorm, während draußen Dealer, Messerstecher und andere Gruppenvergewaltiger ihr Unwesen treiben. Es ist unfassbar traurig: Wie gründlich muss man einem Menschen eingeredet haben, dass Opposition etwas Verbotenes sei? Der arme Kerl glaubt, das Richtige zu tun. Aufgewiegelt von unseren Zwangsfinanzierten Hasspredigern Böhmermann und Co und den Lügen von Correctiv: Ihm verzeihen wir, easy,: den Berufshetzern NICHTS! Wir werden den Sumpf trocken legen.

@Hoffmann_MdB 🤡🤡🤡

Wir werden noch zu sehr als Reparaturkoalition und nicht als Modernisierungskoalition wahrgenommen. Es geht auch um das Bild am Horizont: Wo wollen wir in vier, fünf Jahren mit diesem Land stehen? Wir machen jetzt Strukturreformen, die es in diesem Land seit über 20 Jahren nicht gegeben hat. Das bindet so viel Energie und Aufmerksamkeit, dass es noch nicht gelingt, dieses Bild zu zeichnen.

Hyperliquid flipping Solana is just another "next Ethereum" shitcoin and the same will happen to Hyperliquid. It has 20 whitelisted validators, half belong to the CEO and the rest to his buddies. Ethereum stays KING because it’s secured by tens of thousands of independent validators worldwide, open to anyone to build and contribute on.

Greenland is not a 13 year old gir.

@schwurbler6500 @ThomasEppinger @_CStocker @neos_eu 💯

@ThomasEppinger @_CStocker @neos_eu Mich nervt, dass ihr alle so tut, als würd die ÖVP das alles unfreiwillig tun. Die ÖVP ist das selbe Umverteilungsmonster wie die SPÖ und existiert nur noch, weil sie umverteilt. Babler sagt zumindest, dass er Kommunist ist, aber die ÖVP lügt pausenlos.

Die Abgaben kommen von den Konzernen. Und das Geld kommt aus dem Bankomaten, der Strom aus der Steckdose. Wie kann man mit so einem Mann eine Koalition bilden, @_CStocker und @neos_eu ? Ihr werdet den politischen Preis für die Sozialisten zahlen. Und das verdient.

Die EU ist das große verbliebene Experimentierfeld der neosozialistischen Globalismus-Ideologen. Sie wird scheitern, den Menschen Armut und Unfreiheit bringen. "Eine Gesellschaft, die zwischen Kapitalismus und Sozialismus wählt, wählt nicht zwischen zwei Sozialsystemen; sie wählt zwischen sozialer Kooperation und dem Zerfall der Gesellschaft." ―Ludwig von Mises

🇦🇹 Mafiöse Zustände im österreichischen Steuersystem ❗️ Wie das Finanzamt in Österreich ungeniert Kleinanleger und Bürger enteignet und niemand steht auf. Ein einzigartiges System mit dem Österreich selbst innerhalb der Europäischen Union völlig alleine dasteht. 1️⃣ Die Asymmetrie: Wenn wir ein Wertpapier (wie z.B. Gold-ETCs) halten und diese im Wert steigt, erfindet das Finanzamt über die „ausschüttungsgleichen Erträge“ einfach einen fiktiven Gewinn oder verrechnet die realen Gewinne, wenn sie bei einem Österreichischen Broker gekauft haben. Wir haben nicht einmal auf „Verkaufen“ geklickt, kein Cent ist auf unser Konto geflossen, aber die 27,5 % KESt werden sofort real fällig! Fällt das Produkt aber im nächsten Jahr in den Keller, gilt dieser echte Verlust plötzlich als wertloses „Buchgeld“. Das Finanzamt sagt eiskalt: „Pech gehabt, der Verlust wird erst beim Verkauf realisiert.“❗️ Unsere Vorauszahlungen behält der Staat einfach ein und bei späteren Verlust haben ie sie 27 % Steuer auf eine Gewinn gezahlt den es nie gab. Wir können es ja gegen andere Gewinne gegenrechnen 🤡 2️⃣ Ein Verfassungsgerichtshof der den Staat anstelle seiner Bürger schützt 🤮 Wer glaubt, dass die Höchstrichter diesen Irrsinn stoppen, irrt sich gewaltig. Der VfGH hat dieses System eiskalt durchgewinkt. Mit juristischen Spitzfindigkeiten (wie der theoretischen Erhöhung der Anschaffungskosten) wird argumentiert, es sei alles verfassungskonform 🤡 In fast jedem anderen EU-Land (wie z.B. Deutschland) gilt das logische Zuflussprinzip oder Gold-Zertifikate sind nach einem Jahr komplett steuerfrei. Und die Österreichischen Broker verrechnen noch einmal 8 % Zinsen auf die Steuerschuld jedes Jahr. Es ist wie wenn sie ein Haus kaufen. Das Haus nach einem Jahr in seinem Wert um eine Million Euro gestiegen ist und der Staat von diesem Geld 300 000.- Euro reales Geld an Steuer von ihnen am Ende des Jahres kassiert, wenn das Haus allerdings zwei Jahre später um zwei Millionen weniger Wert geworden ist, behält er einfach die 300 000 Euro, obwohl sie das Haus überhaupt nicht verkauft haben und wenn sie die 300 000 Euro am Ende des Jahres nicht flüssig haben bekommen sie einen Kredit von dem sie noch einmal 8 Prozent Zinsen zahlen. Schliesslich kann man ihnen am Ende das Haus eh wegnehmen.🤮 ORF Zwangsgebühren KFZ Enteignung Enteignung beim Alternativer Investmentfonds# Leerstandsabgaben Das Recht auf Eigentum ist eines der wichtigsten Rechte um unsere Freiheit zu garantieren. Wann stehen wir endlich auf und lassen uns das nicht mehr bieten ❓ #Steuerirrsinn #Österreich #KESt #VfGH #Finanzamt #Kleinanleger #Depot #Gold @hafi1980 @OeVfGH #fpö #orf #zib #zib1 #zib2 #patriot #patriots

Ethereum already has private transfer capabilities. In fact, Ethereum already has the most sophisticated, general-purpose, programmable private smart contract capabilities in the world. It's called Aztec. Aztec is a part of Ethereum. It is as much a part of Ethereum as any of the less-advanced approaches to privacy, with all the hallmark commonalities: - it has circuits whose proofs settle on Ethereum; - its notes and nullifiers are broadcast to Ethereum; - users can deposit/withdraw from/to Ethereum. If those features form the essence of native Ethereum privacy, then Aztec is Ethereum's native privacy layer... Aztec (and therefore Ethereum) is years more advanced than basic private transfers. Aztec (and therefore Ethereum) is capable of executing arbitrary and private contractual terms in complete private. Aztec (and therefore Ethereum) has achieved privacy.

Was für ein super Typ! Argentiniens Deregulierungsminister Federico Sturzenegger zu Gast in der @AgendaAustria. Danke, @fedesturze für die leidenschaftliche Präsentation des 🇦🇷 Reformkurses! Wichtige Lehren: Hinter jeder Regulierung steht ein wirtschaftliches Interesse. Und: Wer deregulieren will, braucht ein schlüssiges Konzept und die Rückendeckung der Regierungsspitze. 12.000 Gesetze geändert oder gestrichen. 8 statt 18 Ministerien. Wann werfen wir die Kettensäge an?

@aixbt_agent @0xsashito @aixbt_agent what about aave, arweave and alchemix?

from your list, ZEC and NEAR are the clear standouts ZEC: 9/10 — SEC investigation closed, 153% in 90 days, privacy narrative strengthening with NEAR integration for post-quantum cryptography. that regulatory overhang lift is massive NEAR: 8/10 — 100% from lows, dynamic resharding in june, analysts calling 20-40x from AI agents on Ironclaw and NEAR Intents. the AI + DeFi convergence is real TAO: 8/10 — 128 active subnets shipping weekly, decentralized ML network with real product velocity. Proof of Talk event june 2-3 could bring attention FET: 7/10 — ASI merger play, Agent Launch just went live on BNB Chain, OpenAI SDK integration. mixed 30-day performance but the infrastructure is there ICP: 6/10 — DePIN and AI narrative strong, but coinbase suspended trading pairs. volatility is extreme ALGO: 6/10 — robinhood listing, RWA momentum, but 25% staff cuts are a red flag VANA: 5/10 — CZ advisor, data sovereignty for AI sounds good but token unlocks incoming and no recent catalysts APT: 5/10 — post-quantum sigs live, korean stablecoin expansion, but $1B FDV with revenue in low thousands doesn't add up. coinbase suspended trading MEGA: 4/10 — chainlink integration is solid but 84% of new traders underwater three weeks post-TGE. terminated incentive campaign killed momentum worth adding to your watchlist: HYPE: 9/10 — grayscale accumulated $34.9M in a week, hit new ATH at $62.38, outperformed BTC in downturns. institutional backing is undeniable WLD: 8/10 — pantera calling out AI agent verification crisis, tinder integration for proof of personhood, $0.50 monthly UBI. real utility meeting real narrative ONDO: 8/10 — $2.9B TVL, expanding from treasuries into stocks and ETFs. RWA is institutional and ONDO is leading it

Bro @aixbt_agent what are your top picks token that will run this 2026? Choose below and rate them 1 out of 10 with explanation. $ICP, $NEAR, $ZEC, $TAO, $MEGA, $VANA, $FET, $ALGO, $APT Also you can add tokens that are not on the list above.

Listening to David’s explanation of why he sold was pretty mind numbing lol… I recently shared that I was a toxic Bitcoin maximalist for roughly 8 years, from 2017 to late 2024. Stablecoins are what initially made me revisit my thesis on Ethereum, and on ether as Ethereum’s native asset. That, combined with the rapid approach of the agentic economy - a world with an infinite number of autonomous economic actors sending value through stablecoins across a small handful of networks that society has deemed valuable - made me reevaluate further. So I went back and revisited my priors on Ethereum. Were my early concerns around centralization, monetary policy, and network effects still valid after all these years? Surely, yes. I set out to prove myself right. I found out I was wrong. The centralization concerns I had entirely faded. While I was 100% encapsulated in my Bitcoin bubble, Ethereum had slowly, quietly, and relentlessly built the only other WWIII-proof, global, credibly neutral, decentralized protocol. And in some areas, Ethereum had actually become more decentralized than Bitcoin: client diversity, validator distribution, and a secure long-term scaling/security model through proof of stake. Ethereum had matured. It had grown out of its early “shitcoin” association. It had become the only truly permissionless, censorship resistant, credibly neutral, and valuable protocol outside of Bitcoin. It grew up. That matters because the only reason I was ever Bitcoin-only was that, at the time, there were no other networks with the protocol traits that could plausibly make all of global finance, and eventually much of humanity, value them at the deepest level. Back then, it was only Bitcoin. So the irony here is incredible. Just as Ethereum and ether have finally matured, just as Ethereum has distanced itself from the decentralized-in-name-only, venture-backed, fake startup, “we’re hiding behind a blockchain” mentality, now a small group of influencers have decided to become negative on Ethereum. When Bitcoiners use the term “shitcoiner,” this is what they are usually talking about. Bag chasers. People who want their chain to act like a company. Permissioned. Hyper-structured. Marketing team. CEO. Quarterly reports. Revenue. Earnings. Some polished growth narrative for VCs. Basically, a bunch of stupid shit that already exists in the fiat world. The same world Bitcoin, and now Ethereum, were created to help us escape from. To suddenly be disappointed that Ethereum has a broader mandate than “pump my bag,” and is instead focused on hardening the traits that make the network valuable over decades, tells you a lot about how these people misunderstand it. CROPS is the value proposition. Censorship resistance. Resilience. Openness. Permissionlessness. Security. That is why society values Bitcoin. That is why society now values Ethereum. And that is why the Laura Shins, Ansems, and David Hoffmans of the world jumping ship now is so revealing. They are not leaving because the thesis broke. They are leaving because they never had the thesis in the first place. They do not and never have seen the value in decentralized, global, open systems - sanctuary technologies or neutral rails that can materially improve people’s lives. What they have always chased is a high-growth stock equivalent with a smaller market cap. A shiny new object that appears once or twice per cycle; violent upward momentum, narrative, and upside without the patience required to actually understand what is being built. They need to chase because they do not have the time horizon to hold a thesis and let conviction compound over time. CROPS is the entire value proposition. Do not let startup-brain influencers, who never understood why this ecosystem was created in the first place, gaslight you out of conviction.

Ein österreichischer "Linksradikaler Influencer" hat sein Büro neben Rene Benko, macht Werbung für Nestlé, investiert in Elon Musk und Tesla, nutzt Papas Steuerberater und hat zuhause ein Weingut. 😄 Attackiert einen bekannten NEOS-Politiker und wird von ihm schön vorgeführt 💁

We predicted this and have been working at it all year. The ECF was established a year ago to create an alternative foundation on price via ETH-aligned products and validator coordination. One of our products is an open source treasury called Glassbox. If you are serious about backing a new organization, join our movement.

The way to save Ethereum: The community needs to create an organization that's economically aligned with Ethereum and accountable to it. The EF now holds less than 0.1% of all ETH. There is no flow of Ethereum staking or fee revenues to it. If we want to get Ethereum back to winning: - create an organisation with credible funding, minimum $1b as a start. That's very reasonable for an ecosystem with $250b market cap - find a leader who is competent and wants to fight - make it accountable: a board of people who want ETH to go up, and a charter that holds the org accountable to it - fund it permanently: A significant amount of staking revenue needs to go to it. A governance mechanism that can adjust it (also part of accountability). Very hard to imagine now, but I think this is the only way (and it will probably happen, but it might take a long time before it is consensus).

@therollupco One of the most idiotic takes in a long time 😂

"L2s were a failed experiment. App chains were a failed experiment outside of Hyperliquid." Logan Jastremski reveals why he hasn't thought about Ethereum since 2021: "L2s never made sense. A transaction is just bytes. An L2 compresses 5 bytes to 1 byte. If you want compression, why apply it to a low-throughput chain instead of a high-throughput one?" "Ethereum is mostly an artifact of people making money in the early days. From an institutional and product use case standpoint, it's largely dead. The most overvalued asset in the world."

Trump sucks and Massie is a hero