Suma

@koeppelmann I have experienced a huge quality improvement from Gnosis card to EtherFi

TBH, I have not experienced a quality improvement from Opus to Fable.

@LefterisJP Don't jinx it

Am I the only one who has never hit a refusal by Fable nor have I hit daily limits? And yes I use agentic coding 24/7!

@RasmusJarlov Educate yourself instagram.com/reel/DTODS2pAK…

Here is why explained for North Americans:

The World Cup starts tomorrow. I have only one wish: For God's sake dont call it soccer. The name of the world's most popular sport is football.

@virtualbacon This is a dumb take. There are plenty of other jobs he could get paid to do. Same as @joechalom at Sharplink. They joined the DATs because they're bullish ETH. It's that simple

Tom Lee's Bitmine bought 127,000 ETH this week and called the selloff superficial. But Bitmine is an ETH treasury company and Lee is its paid spokesperson. His job isn't being right on ETH, it's keeping money flowing in. The buying is real. The bullishness is the business model.

@VitalikButerin @pinedegen I'm just so glad you stopped saying Milady and took off the pfp. Their toxicity was utterly demoralising

I think it's healthy for us in the Ethereum world to have a more bold and open mindset to many things, particularly on the application layer and on how we see ourselves in the world. We should not compromise on core properties: censorship resistance, open source, privacy, security (CROPS). We should not have "open mindedness" of the type that leaves people with no confidence of what security properties the L1 will still have one year from now. We should not ask ourselves questions like "do we really need light clients to be able to trustlessly verify correctness of the chain?". But especially on the layer of applications and Ethereum's interface to the world, we should be more willing to radically rethink various concepts and step outside our comfort zone. This includes issues of technological direction, eg. "what if AI basically means that wallets as browser extensions and mobile extensions are dead within a year?" One example last year was the shift to thinking about privacy as a first-class consideration, something we value equally to the other types of security. This implies a radically different Ethereum application stack, because the entire stack so far has not been built around privacy. Great, let's build a radically different Ethereum application stack! An example this year is the growing work on the networking side of privacy, both inside the EF and outside. It includes application-layer issues, eg. "what if the rest of defi is basically just universal futures markets on top of a good decentralized oracle and letting users self-organize on top of that?", and "what if the ideal decentralized oracle is just a SNARK over M-of-N small LLMs over zk-TLSes of some major news sites?" (BTW this is interrelated with the AI issue: one consequence of AI is that it moves "applications" away from being discrete categories of behavior with discrete UIs, and more toward being a continuous space, so "build fewer apps and rely on users to self-organize around them" should inevitably expand as a pattern) One example this year is rethinking from zero the role of L2s, and what kind of L2s are actually most synergistic and additive to Ethereum. It also includes culture. This is a big part of "the whole milady thing" for myself, @AyaMiyagotchi and others. Yes, it's a silly meme. Yes, I find the political takes of some milady partisans cringe and sometimes outright bootlickerish (though other milady partisans are quite the opposite). But the core underlying subtext, the message behind the message, is: rip off the suit and tie. If you have your suit and tie on, be willing to grab the nearest wine glass and spill it all over your suit and tie, so you have no choice but to rip it off and reclaim your body's full flexibility and freedom. Actually imagine yourself doing this the next time you get invited to a richpeopleslop formal gala dinner. Take the preconception that you are "respectable", write it down on a piece of paper, crumble it up and burn it. The psychological baptism of doing this leads to the intellectual baptism of unlocking greater creativity and expanding overton windows. For too long, our algorithm in Ethereum has been: we have this existing ecosystem, what's the logical next step to make it one step better? Now, our algorithm should be: we have this L1 that is amazing and will become more amazing, we have a growing array of tools, both those built within our ecosystem and outside it, what are the most valuable things to build, knowing what we know now? If YOU had to write the section of the 2014 Ethereum whitepaper that talked about applications, and take a first-principles perspective of what makes sense in defi, decentralized social, identity, and elsewhere, what would you write? At least take the step of marking all path-dependence concerns down to zero, pretend for a brief moment that the Ethereum chain today has exactly zero usage and you're the one suggesting or building the first apps, and see what comes out. Do this even if you're the one building today's existing apps. This is how Ethereum can grow back stronger.

@ryanberckmans @TrustlessState @lex_node What even is the point of fudding ETH to promote other chains? How does this get us to a Bankless future? The whole premise of his anti-ETH arc is trash and suspicious

@TrustlessState @lex_node Don't you think that most of us know that ethereum is trying to continue eating the economic world during a crazy era full of global instability and BTC disappointment? That's exactly why we wanted your help. Now we have to oppose you in addition to all of our other jobs. Thanks

gold does not capture the value of rolex watches made of gold, therefore gold is a bad investment diamonds do not capture the equity value of tiffany's, therefore diamonds are a bad investment this is a fundamental category error--gas tokens are commodities you can think that makes them bad investments as compared to equities, this may be true but it makes very little sense to single out only one commodity on this basis--like being bullish on diamonds but specifically not on gold because "gold lacks a value capture mechanism" (so do diamonds) would totally understand Hoffman and others if they're just like, 'yeah crypto is a joke asset class, equities are better, I'm out' but that's not what they're doing--they only ever measure ETH by this yardstick while they continue to invest in and promote other tokens that are also are commodities (eg ZEC) again, also fine to be more bullish on ZEC than ETH for whatever reasons--but that reason clearly should not be "ETH lacks a value capture mechanism"--so does ZEC! it leaks value all over the place--to wallets, to NEAR, to other protocols that leverage its crypto discoveries, etc. if anything, ETH is at least *slightly* closer to something like equity logic because at least it has the burn paired with a lot of user demand for uncorrelated applications

@QeYcc @ryanberckmans @TrustlessState @lex_node He's clearly, and very loudly now, not a friend

@ryanberckmans @TrustlessState @lex_node With friends like him, Who needs enemies??

@lex_node @TrustlessState He gets it for sure, and I think he somehow thrives on the hate and engagement. Such a sad, sad arc for him

again, these would be understandable and even interesting/credible crypto pessimism thoughts if you were not literally shilling NEAR and ZEC as investments--not as trades--at the same time lol all the arguments you raise about ETH also apply to these, just they have smaller mcaps this is why people are calling you a hypocrite, treacherous, etc. but you don't seem to get it

@beaniemaxi @vibhu The EF never shilled apps in that way. What are you smoking?

@vibhu Start here: x.com/i/status/20625…

Solana Foundation is doing exactly what Ethereum Foundation did to alienate most of its long time supporters.

@McMurchie @alexmd2 @Techmeme @CatherineShu At this point, I want ETH even if it is a scam

@RyanSAdams @pinedegen @TrustlessState What dirt does the CIA have on David to have compromised him like this?

@TrustlessState The mechanism is ETH getting used as a SoV, medium of exchange, or unit of account. ETH as money. We did like 100 podcasts on this? You can believe it’s not happening or will never happen or can’t happen. But the mechanism is clear and has always has been clear.

The Ethereum not ETH stuff is the mental fallacy that triggered me into writing and podcasting in the first place. There is no strong Ethereum without an ETH worth trillions. Without ETH as a global store of value, Ethereum is a failed project. Full stop. ETH is economic bandwidth for DeFi. It is the only asset maximized for CROPs, fail at high value ETH, fail at CROPs, fail at Ethereum. Saying you’re bullish Ethereum not ETH is like saying you’re bullish America not the American economy. They are one and the same - economic engines. Better to admit Ethereum is a failed project than “Ethereum not ETH”. So spew that weak blockchain not crypto stuff out of your mouth, it doesn’t make sense for BTC, ZEC, ETH, or any truly crypto native project.

@leolanza @TrustlessState is doing ETH a favor by bringing all the bulls out with his retarded takes

“Ethereum grows, but ETH demand won’t?” That makes no sense. If ETH launched without Ethereum’s smart contract economy, it probably fails. It would just be another Bitcoin with different supply mechanics. Ethereum is what gives ETH demand. Staking. Gas. DeFi collateral. The main trading pair across onchain markets. Treasury asset. Credibly neutral monetary commodity. SoV. All of that demand comes from the Ethereum economy. So as Ethereum gets bigger, demand for the native asset of the system should grow with it.

@LefterisJP @moo9000 Well my Gnosis wallet was completely drained so I'll reserve jusgement until the money's back...

The Ethereum ecosystem is lucky to have Friederike, Martin, Stefan and the entire Gnosis team on its side. The products they built are really useful and have pushed the space forward. But what stands out most is how they handled themselves under pressure these past years. Owning problems fast, in public and standing behind their users every time. Today was no exception. Not sure what to say in moments like this except: thank you. Keep being awesome.

@LefterisJP This is 🔥 so hard to decipher accounts with Gnosis card otherwise

Every Gnosis Pay transaction a user made during vacation on Crete decoded in rotki with merchant name, location and EUR. Sklavenitis in Kasteli. Beach in Kissamos. The supermarket in Rethymno. An expenses diary you never had to keep but can now analyze for spending patterns!

@lex_node @BitcoinJesusETH His whole Charbonnio arc was just plain sad. He got pilled into shilling a LFHV token like $TIA while the VCs were systematically dumping on retail. So dumb

Hoffman has simply adopted wholesale the Charbonneau school of thought--after previously partially adopting it, then fully rejecting it as bad-faith, that was built entirely to rationalize & synergize with price action of Charbonneau's/Delphi's/Blockworks' favored ecosystems last cycle that the same tribe has already moved past. This narrative doesn't even match his current investments that he rotated to (which are cypherpunk oriented like Ethereum), but he needs to say something to explain to his audience that he will now be a cryptocabal rotator maximizing profits. Just a very confused person.

@stacy_muur This example makes no sense. How did they get 100 USDC on Arbitrum in the first place? They're already native at that point. And they can simply send/swap in Metamask app in one transaction or even better ZODL wallet

@RenzoAI @Cryptoski Yes, complete masochists

$REZ holders are built different.

@KelpDAO @inversebrah @chainlink Trash your customers, pay the price @PrimordialAA

After the recent LayerZero exploit, we are taking steps to ensure rsETH is fully secure, which is why we are migrating to @chainlink CCIP. From the April 18 incident, it is clear that LayerZero's own infrastructure was exploited, resulting in $300M in losses across DeFi. Independent reports from SEAL 911, Chainalysis, and other major leading security researchers all point to the same origin. There are questions that the ecosystem deserves answers to. And we are ensuring rsETH is secured by infrastructure that doesn't leave these questions open. That’s why we’re setting the record straight.

@tushar_jain How is it a return to cypherpunk when it's literal OG technology?

1/ Multicoin has built a significant position in $ZEC since February. Zcash is a return to the cypherpunk ideals crypto was founded on.

@moo9000 I don't trust founders who swear like this )!@%(