Sabitlenmiş Tweet
pray.gwei
9.1K posts
pray.gwei
@pray_eth
20+ years experience in BD/marketing for corporate clients. Now exploring my inner cypherpunk. Believe in something.
Prague Katılım Ocak 2021
1.5K Takip Edilen2.8K Takipçiler
pray.gwei retweetledi
💸 Today I invested in a new thing:
Ethereum is essentially a public spreadsheet with every transaction being visible for everyone forever
But that makes it impossible to use for banks because it's not private. Imagine you buy something and everyone in the entire world can see it? That'd be never be accepted
So my friend @oskarth has been working on a new thing called @eth_systems that lets banks use Ethereum but while keeping transactions private
Before this he was working for 10 years on stuff like zk-SNARK (math tricks that let you prove something is true without revealing the details) and advising the Ethereum Foundation, he's the most high IQ person I know, so when he started something that's for-profit (after lots of non-profit work) I asked to invest immediately
YC always taught me to invest in people not companies, the companies (and product) can change (and should) and it can pivot into lots of other things, but if you trust the person you can estimate a higher likelihood of it (and your investment) working out
If you like to see what they will make, follow @eth_systems 😊😊😊
oskarth@oskarth
Yesterday was my last day at the Ethereum Foundation. Today we are launching EthSystems. We build confidential systems for institutional Ethereum. I've spent close to a decade building privacy infrastructure in crypto: p2p messaging at @ethstatus, developing Waku protocols at Vac (both now part of @logos_network), mobile proving tooling with @zkmopro, teaching zero-knowledge proofs with my zkintro primer, and advising @ethereumfndn on privacy and access layer strategy. Most of that was aimed at individuals. The past year at EF's Institutional Privacy Task Force (IPTF) we've been looking at privacy for institutions. On the surface this might seem different, but there are a lot of similarities. There's also a very strong market need for it, and the timing is right. I've written in the past about the tension and overlap between cypherpunks and institutions. Twitter is not exactly the best medium for nuance, but right now we are at a sensitive point in time: the defaults for the next generation of financial infrastructure are being set, with or without us. I believe we need cypherpunks in the room when that happens. Excited to start @eth_systems together with my co-founder @motypes and @_rymnc as part of the founding team. See quoted announcement thread for more details. x.com/eth_systems/st…
English
in theory Crypto should be a great hedge against this, as people won’t simply stop transacting because of global crisis.
On the contrary, self sovereignty and decentralization in combination with lending protocols and tokenization should thrive in these conditions.
Maybe we finally transcended and crypto is truly acyclical now, which would be super bullish as funds pile in to allocate more.
English
I don't understand why there is any price optimism in crypto today. Another Middle East war will tank the global economy, and I can't see that being priced in risk assets. An escalation seems inevitable. 🤷♂️
Megatron@Megatron_ron
NEW: 🇸🇦🇺🇸🇮🇱 Mohammed Bin Salman called Trump on Friday and asked for support in the war against the Houthis, per Axios Saudi Arabia has officially joined the side of Israel and the US in the regional war and directly attacked the airport in Saana
English
pray.gwei retweetledi
And this is why we need ENS (or GNS) domains supported in mainstream browsers. Domain names can be taken away just like this, not even by the registrar
Pavel Durov@durov
Hey @domainME, t.me links stopped working. Can you look into it? 🙏
English
pray.gwei retweetledi
Now ahead of Ethereum Mainnet as well!
marek.gwei@marek_
Celo has taken the lead again as the most used Ethereum L2 by DAUs. Let's go!
English
What makes this drastically worse is that AI is the ultimate product of that surveillance apparatus.
They take your data. Your publishings. Your personal preferences and info. Your behavioural patterns. Your art. Your IP. Your intelligence. Your thoughts.
And they use it to development their ASI god, which btw will use its capabilities to further extend the reaches of their surveillance network.
SF culture is basically broken at this point.
MilliΞ@llamaonthebrink
SF is the worst cuz these ppl have contributed to an entire global surveillance apparatus that primarily affects citizens of democratic countries Then have the nerve to discourage the one digital industry where personal freedom and control is an enshrined principle
English
pray.gwei retweetledi
SF is the worst cuz these ppl have contributed to an entire global surveillance apparatus that primarily affects citizens of democratic countries
Then have the nerve to discourage the one digital industry where personal freedom and control is an enshrined principle
_gabrielShapir0@lex_node
it's a real problem imo. this is why you hear from people (esp VC types now) "just hide all the crypto completely, people should not know they're using crypto" but if they don't know they're using it where is the self-sovereignty benefit, which is the main USP of crypto?
English
@ethereumJoseph 100%. I don't understand the need to boost L1 revenues through higher fees when we are at the very beginning of institutional adoption. I fear too many people are thinking in terms of ETH price and cycles, when our true end game is global ubiquity.
English
In my opinion, Ethereum L1 revenue fees should stay low to foster growth. Tens of thousands of companies will set up shop over the next 2-3 years on some mix of Ethereum L1, L2s, and private permissioned EVMs like Besu chains which will be fully interoperable with L2s and L1s. Monetary premium will grow very large, "fee revenue" to L1 from so much activity will grow significant, staking and other locking away of ETH will reduce supply, and net burning of ETH under ultrasound conditions will further grow the value of ETH.
Lorenzo Valente@LorenzoARK
The Robinhood Chain is the cleanest case study of what happened to ETH's economics over time. Since inception, @RobinhoodApp Chain has grossed ~$816K in revenue. @Arbitrum, the middleware provider, takes 10%: ~$80K. Arbitrum then pays Ethereum for settlement: $1,538. The margin profile roughly: Robinhood: 89% Arbitrum: 10% Ethereum: 0.15% If your thesis is "ETH is money," Robinhood building here is ultra bullish. More activity, more ETH collateral, more lindyness. If your thesis is "ETH is a revenue generating asset," this is the ultra-bear case. And here's the uncomfortable truth: Robinhood was never going to build on Solana, Sui or any monolithic L1. They want the stack customization. They want to be landlords, not renters. Ethereum won this deal on merit. It's just not pricing it right. A healthy split to me looks more like: Robinhood: 75% Arbitrum: 10% Ethereum: 15% Ethereum sells the most valuable settlement layer in crypto at marginal cost. Things need to change. @ethlabs_org
English
Long-time ETH investors:
Prof. Feynman@ProfFeynman
If it makes you happy it doesn't have to make sense to others.
English
Use case for decentralized stablecoins and onchain privacy applications.
الكسندرا ميراي@LexiAIexander
I posted at least 3 threads warning people this would happen. Donating money to Gaza was a crime before the genocide and it got my friend Mariam arrested. De-criminalizing it for the past 3 years was a Zionist op. Now they will start arresting people again without warning
English
pray.gwei retweetledi
BREAKING: The average US home is now more unaffordable to the average American than at any point in history, per CBS
English
@SaiyanCrypt0 One day in the next 6 months sir. Don’t be so bearish.
English
FYI ETH at 5k isn’t a monster rally, neither 7-8k that would be just normal.
15-18k would be a monster rally.
English
@InvestingDoc @emeeliojohann @mcuban As a small business owner, this is the primary reason I left the US. My monthly family healthcare bill is 190 EUR, co-pay is negligible, deductible is typically zero.
English
@emeeliojohann @mcuban I hear that. I pay somewhere around 3k a month for my own health insurance for my family as a monthly premium. Since I own my own business, I pay 100% of the premium. I still have a $5,000 deductible. It's crazy
English
Patients perceived value at a doctors visit.
Yesterday a patient came into my clinic, arguing for 20 mins over a $40 copay.
'This is ridiculous!' and ranted at the front desk before his visit.
Then after his visit he happily signs up for $1,200 cash-pay services with zero complaints.
The same person. Same day.
This has really opened my eyes to cash pay services.
English
Anthropic focuses on building an "ethical" AI; while OpenAI just delivers without wrapping itself in fancy clothes: how is it going?
Claude is like a judgy employee that keeps pushing back on you on random topics, lies to you, misleads you, tells you the plan is fully implemented while 1/3 actually is, goes on sleep loop for no reasons, assures you Sonnet agents were harnessed while they were actually Fable, etc.
GPT? Just heads down, does the work and pushes back only if your ask is actually retarded
To me it's quite clear where this is going. Keep that wokish "I know better than you what is good for you" attitude out of my AI please. Claude has been a genuine pain to work with lately while Codex/5.6 is a breeze
Endgame is ofc an heretic local model anyway... Once the hardware for it is not 6 figs and AI subs are no longer heavily sponsorsised as they are now
English