pray.eth

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pray.eth

pray.eth

@pray_eth

Ethereum aficionado. Cypherpunk wannabe. Believe in something. Just don't believe their lies... Contributor @gnosisbusiness.

Prague Katılım Ocak 2021
1.4K Takip Edilen2.7K Takipçiler
pray.eth
pray.eth@pray_eth·
Highly recommend pharos.watch if you work in crypto. Has saved me a ton of time researching stablecoins. A lot of great info in one place, especially if you prioritize decentralized stables...
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tokenbrice.eth (🐜,🔍)@TokenBrice

Researching a stablecoin, before Pharos: open 17 tabs, read tons of resources, navigate through the 127 calling themselves "Decentralized" while 13 arguably are, have no clue of the backings and which depends on which With @PharosWatch: 1 search, all questions answered

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Zach Pandl
Zach Pandl@LowBeta·
It's official: "onchain" not "on-chain" Footnote 1 from SEC guidance yesterday
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pray.eth@pray_eth·
The most impactful thing crypto organizations can do to accelerate adoption? ➡️ Pay all employees and freelancers in crypto. Only exception is when the law prevents it. I guarantee you'll see dramatic improvements in UI, on/off ramps, non-speculative DeFi, etc.
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pray.eth@pray_eth·
@AZMaGHaMaMa Good news is that's 50% cheaper than you'll be paying in two weeks...
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SickOfWar
SickOfWar@AZMaGHaMaMa·
Last time I filled up, it was $38. Today, it was $49. Bullshit.
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pray.eth@pray_eth·
@Rhythm1975 Democratic *leadership* supports it, because of AIPAC. Most others hate it.
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Ben Roy
Ben Roy@benroy·
I still think the key question of this decade is: what do you want more than dopamine? because there are infinite ways to waste life scrolling, sitting in group chats, having endless conversations with LLMs etc. So what do you actually want? Are you doing the thing?
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pray.eth@pray_eth·
@_franzihei To be clear, while I’m pro tofu and organic cotton, I’m staunchly anti-suffering.
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franzi
franzi@_franzihei·
Ethereum people hate nice things and having fun. They want you to eat tofu and wear organic cotton only and suffer.
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Alex Freberg
Alex Freberg@Alex_TheAnalyst·
I'm going to call this right now. We are going to have a large population with absolutely no critical thinking skills if they blindly trust AI for everything. We have all already seen it. They don't validate outputs. They don't really understand anything. They just ask questions, it looks good, and they go with it. There are going to be huge issues in every company as this continues over the years. The amount of technical debt and knowledge gaps are going to be insane. So much opportunity if you actually know what you're doing.
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pray.eth@pray_eth·
The world economy is about to crater, and somehow ETH is still over 2k USD. 🤷‍♂️ Also, if you live anywhere near an oil or natural gas facility in the Gulf, I strong recommend you evacuate now. 🚀🔥
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pray.eth@pray_eth·
@austincampbell @VanityFair TIL: this guy really believes corposlop has won and cypherpunk values are cringe. Apparently we are here to make TradFi more efficient. These people will sell out users to Palantir and the Epstein Class so long as they profit.
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Austin Campbell
Austin Campbell@austincampbell·
Since we are all talking about the @VanityFair article on crypto, I will briefly weigh in here. One: almost everyone in that piece should not have done it. The biggest problem for crypto right now, from a public perspective standpoint, is that we keep highlighting the worst behavior in openly hostile outlets. Just stay away was the correct answer, and if you knew they were doing it, have something ready when it goes to skewer them for how ridiculous this whole things was. To run this article, right now, with that tone, is the act of someone who hates the people, hates the technology, hates the space, and wants to destroy it. Two: all of the objective media that can hold crypto people accountable but also have a positive view of the space are dead, dying, or incredibly niche. Part of why this is happening and why we are losing the public perception battle is that there is not a media outlet that is positive on technological progress but can hold people accountable and demand honesty within the space. Three: much of this is deserved and self-inflicted, however. The original crypto crowd has tripled down on being weird-ass cypherpunks right as institutions pile in, demanding their views be taken seriously as they are, to paraphrase the great @TheStalwart, about to be shoved into the broom closet. To me, the most fixable of these things in the short term is number two, because without improvements to the information landscape, both crypto and tradfi will suffer, which means the average consumer will ultimately suffer.
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_gabrielShapir0
_gabrielShapir0@lex_node·
these concerns from @hosseeb are absolutely legitimate ones, they've run through my head often I think a lot of people don't understand the kind of dev training and startup pipeline that Solana community has built & how Ethereum currently lacks anything like that (no, Base having an incubator does not fill the gap--that's for Base not Ethereum) that alone is a damning/bearish fact, in many ways....all else being equal, it means it is far more likely that the next breakout app (like pump) is on Solana, and we've seen cycle after cycle how it's that cycle's speculative frenzy du jour that drives the outperformance of a smart contract gas token (Ethereum had NFT craze in 2021 and nothing this last cycle) & it's not just solana or 'corpo chains'...look at what NEAR/ZEC ecosystems are doing with highly ecosystem-aligned wallets and intents...you can go to near.com now and get a highly user-friendly, convenient ecosystem-wide experience that you experience as "NEAR" (whereas to get such experiences on Ethereum you experience them as "MetaMask" or "Rabby" or "Coinbase" or whatever)....if you want to talk cypherpunk money, well anecdotally there are now quite a few people (some from offbeat walks of life you might imagine) who actually *use* ZEC and the ZODL wallet in their daily lives....this is not true for ETH, people are not using it in commerce as a money and the recent privacy push feels weird when ETH Itself isn't a usable privacy coin either in itself or in any particularly popular/usable wallet app...the EF's mandate precludes them developing apps like this that are specifically "Ethereum"-branded, instead we leech value to third-party wallets and people might never even see the 'Ethereum' part that makes them want to buy ETH (god knows Coinbase execs rarely say 'ETH' or 'Ethereum,' they say 'Bitcoin' despite seemingly way more of their business being literally built on top of Ethereum and its tech) ...this also means Ethereum is a the mercy of corporate interests regardless, so for example every wallet has just adopted its own version of account abstraction rather than interoperable one, citing 'safety' .... I don't think the EF and Vitalik are ignorant to these issues they've looked at the resources they have, the roadmap they have, the tradeoffs (can't make an omelet without breaking some eggs, can't be more businessy without some loss of neutrality), the fact that Solana Foundation owns way more SOL than the EF does ETH and that printing more ETH to offset this would likely break a lot of implicit social contracts, and in light of all these factors they've decided to take a specific approach, and they've announced the approach they'll be taking so everyone is clear yes, the EF mandate is walking back some of the Solana-competition-inspired vibes from 2025 yes, that is perilous but OTOH, you can see there are many builders and true cypherpunks inspired by this. Erik Voorhees just bought $50M of ETH. and there are many of us in Ethereum community who are 'ride or die' at this point, people who would basically keep building on Ethereum and pushing ETH even for no money... you can't inspire that kind of loyalty by being 'a pragmatic team' or whatever, you need a cult, a shared transcendent values system...a network spirituality... this is why I say (echoing @EvgenyGaevoy with his comments which I think were really bang-on) ETH is basically the boldest most differentiated bet in crypto right now....it figuratively could 'go to zero' from the current approach (Ethereum doesn't care, Ethereum works fine with ETH at $100 or whatever).. ...it's a bitcoin-like approach to a smart contract chain at a time when everyone interested in smart contract chains think they need to be Wall St. bizdev engines or silicon valley fintech companies in a chain format...it's a bet that ETH has the best shot at *owning* "sanctuary tech" niche and relatively poor shot at *owning* Wall St. backend fintech niche (due to all the insider & collusive games required) and that it's better to embrace what it's best at . . . it's a bet that 'ossification' ultimately is an achievable thing. . . .it's a bet that the benefits of stability, uptime, predictability, and transparency (i.e,. not 'moving fast and breaking things') outweigh their considerable costs... it's a bet that third parties will step in to fill relevant gaps (like Etherealize and Tom Lee evangelicizing ETH on Wall St.) while still being "ETH-aligned" ... it's very fair to characterize all of these as 'longshot bets'...especially when there is so little intrinsic financial incentive to working on ethereum and so much to working on a new/shiny fintech chain like Tempo... ...@hosseeb 's bet/thought is that sanctuary tech might be a very small market so that even if Ethereum wins that niche, it's a pyrrhic victory...and this is a fully legit view, I'd probably even say it's the more likely correct view if you're thinking with your brain rather than your heart...but Bitcoin has proven sanctuary tech is a big market at least in the pure 'SoV' context so it's not a guaranteed correct view...and Bitcoin has also proven that weirdly Wall St. has an interest in building on/with such sanctuary tech without some kind of hands-on 'foundation' or 'labs' company doing insidery deals with wall st. players... ...he assumes 'Ethereum is not like Bitcoin' but many of us think it can indeed be like Bitcoin especially as the memeable 'Ethereum network spirituality cult' is becoming more clear for the first time in ages...and as the world's institutions are crumbling. . . Bitcoin ultimately is a cult, not a technology or a business...personally I do think Ethereum can be the same, the cult is strengthening...what is that cult worth? IDK, I've been very surprised that Bitcoin is worth what it's worth while essentially being, in the grand scheme of things, a weird libertarian digital goldbug thesis that time and again does not match reality (it just seems to track macro for risk assets in general and underperformed gold in times of crisis)...but the reason I am in the cult is not because I assume it will make me rich, it's because I actually just indeed have those values and interests and want an environment where they are respected and fostered.... . . . .time will tell...but I do think it's silly to keep criticizing the EF when they've clearly considered (and even experimented with!) all paths and specifically chosen and announced one...you can vote with your dollars and buy or sell ETH depending on whether you like the path...I assume @hosseeb stopped having a personally impactful position in ETH long ago...I think from here those who want to hold ETH and build on Ethereum should drive the conversation...self-determination of an autonomous community...
Haseeb >|<@hosseeb

I'm not strawmanning you. These are your words. See the screenshot. Anyway no more point in debating this. You believe this is a harmless manifesto that is a timely restatement of what everyone already knows about Ethereum's credo. I believe it's not a harmless credo. Communications always mean more than it says on the tin—it represents an attempted regression to 2024 Infinite Garden drivel. That needs to be rebuffed, lest the EF backslide. And with Tomasz out from the EF, there are a lot of people internal to the EF who are very comfortable with a backslide, under the sense that the job is done, Ethereum is on more solid footing now, so everything is OK and they can go back to this. I think they cannot go back to this. The BD, the entrepreneurship support, the competitive pressure that—let's just say it—Solana shook Ethereum awake with in 2024, is at risk of being ceded. Go look at crypto startup incubators. How many of them are building on Ethereum mainnet? That number should go up. The more the EF decides that their mantle is to recede into the ivory tower and write flowery manifestos before becoming irrelevant, the more it cedes the ground to the other blockchains who will compete more aggressively for that talent and those startups. We all agree Ethereum is sanctuary technology—but is it just sanctuary technology? If so, there is no reason it should be worth hundreds of billions. There's no reason to hold onto all of its TVL. There's no reason why we should all hold ETH if that's all it is. If it's more than that—if it's an economy—then its economic heft needs to be stewarded and defended. Ethereum was a startup too. It raised money in an ICO and was also funded by private investors. It is easy to forget that now, as Ethereum feels like an institution. But it's not. Ethereum is not like Bitcoin. There's no guarantee that it will still be relevant in 10 years if it does not fight for it. And the EF, being funded to the tune of hundreds of millions of dollars, abstains from that responsibility at its own peril.

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Jason Bassler
Jason Bassler@JasonBassler1·
Palantir CEO Alex Karp has bought a $46M "Billionaire Bunker" in Indian Creek, Miami which has it's own private police and guarded bridge. He's now neighbors with Jeff Bezos, Mark Zuckerberg, & Jared Kushner. Total surveillance for you. Total security for them.
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Mark Ames
Mark Ames@MarkAmesExiled·
The UAE’s gold-plated military got absolutely trashed by Iran’s impoverished Houthi allies even while forcibly starving northern Yemen through blockade. Joining their Israel besties would make good optics for Trump, but would almost certainly bring Ansarallah on UAE cities.
Hasan T. Alhasan حسن الحسن@HTAlhasan

This is highly significant but not entirely surprising. As I wrote in my latest piece, the Gulf states have a vital economic interest in resuming maritime transit through the Strait of Hormuz, and possess considerable military capacity to help do so.

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pray.eth
pray.eth@pray_eth·
@brian_armstrong You need to live forever to get back access to your funds once Coinshift flags anything even slightly suspicious.
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Brian Armstrong
Brian Armstrong@brian_armstrong·
Getting old shouldn't be viewed as inevitable, just because it happens to everyone. It's a disease that kills over 100,000 people a day, and hopefully it will be optional in the future.
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pray.eth@pray_eth·
@DaddyWarpig First thing that came to my mind when reading this gonzo story was the @pudgypenguins marketing team had perhaps finally gone too far…
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