Proof of Cat

" sorry, can't hangout. i'm broke " Bank balance : $89 Portfolio : $223,000

OMG. 🔥🍿🎬

Damn, I am "responsible" for silver & gold too? 😂

The $TRUMP coin was one of the largest liquidity extraction events in crypto history. Once valued at $67.5 billion FDV. Now down 94% and total silence. We don’t talk enough about the damage this did to genuine retail confidence in crypto.

polkadot raised $510m and no one knows why no one uses it. literally no one because there is nothing to use acala usd went to zero last time I checked team was paying $53k to coingecko for an animated logo and distributing dot to the k@ito yapsuckers the last remaining holders locked their dot in the crowdloan 4 years ago at a $50b fdv and when the unlock finally happened years later, dot was at $5b fdv so they basically became holders forever somehow it’s still sitting at $5b fdv zero

cardano raised $62m 0 revenue 1 tps entire “ecosystem” is basically one dex and one lending protocol that maybe 7 people use per day literally a ghost chain, just guarded by an illiterate cult at the gates it sits at a $21b fdv 'fixed supply' yet 18% is still not in circulation. staking rewards and governance treasury emissions keep getting dumped nonstop. no burn mechanism either not that it matters because nobody uses the chain anyway similar to xrp, joining the ada cult apparently requires being an active member of the flat earth groups on facebook charles is busy running a farm funded with the tokens he dumped from the treasury zero

Hyperliquid raised $0 ignored every VC trying to throw money at them and self funded instead VCs who didn’t want to be sidelined had no choice but to buy from the market did a historic 31% airdrop worth $1.2b at genesis, worth $11b today built the most efficient business in the universe with just 11 employees. $1.2b total revenue (nasdaq makes $1.1b revenue with 9,162 employees) hl revenue goes into the assistance fund for $HYPE buybacks they already bought back 3.61% of total supply. now holding $1.2b worth of HYPE on top of that, hyperevm has a HYPE burn mechanism did $3.4t total volume without a mobile app because it has no competition in UI/UX, low latency and liquidity in the perp dex space it has zero real rivals. only centralized exchanges that hate it with hip-3 they already shipped 24/7 stock perps and much more is on the way big part of the team unlocks was restaked a few hours ago (something you usually can’t even see where it goes in other teams) sits at a $35b fdv without any major cex listings honestly, it deserves far more moon that

ethereum raised $18.3m built before crypto was even an industry shipped real decentralization 100% uptime despite dozens of upgrades, it has been running non-stop for 10 years, 4 months, and 15 days tvl: $97b total value secured on l2s: $37.8b home to the most used, real defi applications in crypto hosts over 50% of all circulating stablecoins on the l2 side, it has already reached ~32k tps, with a 100k tps mainnet roadmap ready the true home of tokenization the place where long-term plans are made instead of chasing temporary hypes and narratives the only truly neutral, high-economic-activity blockchain unlike foundations that dumped unknown amounts of tokens on retail and likely burned through their treasuries, ethereum has been transparent about its treasury for over a decade hosts over 80% of all rwas its etf became the 3rd fastest in history to reach $10b in assets institutions are building on ethereum and people like tom lee continue to accumulate eth the global settlement layer the world computer it’s sitting at a $377b fdv, roughly the same amount of capital that was wasted and burned by all the so-called competing l1s over the years so yes, it deserves far more moon that

We need a good trustless onchain gas futures market. (Like, a prediction market on the BASEFEE) I've heard people ask: "today fees are low, but what about in 2 years? You say they'll stay low because of increasing gaslimit from BAL + ePBS + later ZK-EVM, but do I believe you?" An onchain gas futures market would help solve this: people would get a clear signal of people's expectations of future gas fees, and would even be able to hedge against future gas prices, effectively prepaying for any specific quantity of gas in a specific time interval.

Things that have happened since ETH was at $4600: - Ethereum L1 and L2 transaction volume continues setting all-time high - JPM will accept ETH as collateral by the end of the year - The SEC approved ETFs to stake ETH - Tokenized gold reached all-time high on Ethereum - Fidelity launched a $200M tokenized fund on Ethereum The fundamentals haven’t changed. 1 ETH is still 1 ETH. With early adoption, comes volatility. Sharplink isn’t here for the quarter. We’re building for the long haul. The asset is $ETH, the ticker is $SBET.

This will go down in history as the Great Shakeout of 2025, and I'd like to offer some perspective, some positivity and hope for people in the crypto market here. Lots of people are clearly hurting now, we've been delivered multiple punches recently and lots of people are showing signs of losing faith, some partially and some altogether. Losing money is painful and it is without doubt an emotional game. Do bare in mind that everything is only ever a paper win or loss until you have actually sold. The greatest victims in this market are those who think they can outsmart or guess where the market is going by leveraging and longing or shorting the market. Trading with leverage in the crypto market is financial suicide - just stop it, it is the fastest way for people to destroy their chances within what is the greatest wealth accumulation opportunity of all time. I have always remembered Raoul Pal's ( @RaoulGMI ) position on it, leveraging has always been a key part of his @RealVision's "Don't Fuck This Up" thesis, and today those words couldn't be more abundantly clear. Lots of people are crying about market manipulation, yet they are out there placing leverage, long or short positions. Is this not a bit like playing poker and letting everyone know what your cards are before they lay their hands? All we are doing here is allowing the exchanges, the market makers, the institutions and the whales to enter the market with far greater financial power to counter positions and liquidate them, which is what is repeatedly happening. I've no idea how people do not recognise this. For everyone who are shouting the market is over, or are sitting there fearing as much, just take a step back and look at the bigger picture. We are on the verge of a solid rate cutting cycle. Trillions of dollars of debt across the world needs to be refinanced. QT is about to end which will be followed buy QE, massive liquidity is going to be flooding in. The entire global monetary system is in the process of being migrated on-chain. No bear market has ever been born out of fear, it comes from peak euphoria, which we clearly haven't even touched. We have key regulatory acts that are on the cusp of being announced. Financial institutions are buying crypto. Actual countries are buying cryptos. ETF's are being approved. We are in the glorious position of being able to take part in what is the greatest financial revolution of all time - let that sink in. The reality is the crypto space has never, ever looked this bullish before and what we are seeing now will go down as the greatest shakeout. Don't become a victim of it. I have always said that the key to maximising the gains in this market is to buy solid utility projects with real fundamentals that will attract real adoption. Buy with conviction, hold and do nothing. Shut out the noise, and simply do nothing. It is also the key to riding the multiple drawdowns that are characteristic within every bull cycle, and now is no different. Crypto isn't for the faint-hearted, you have to program yourself differently when navigating this market. Those who overestimate their own intelligence, who are constantly buying in and selling out, changing lanes, thinking they can predict the market, taking long and short positions and chasing dick-driven greed through insane leveraging will invariably become the fallen soldiers of the market, and will ruin their chances in the greatest wealth accumulation opportunity of all time. And those who buy, hold, shut out the noise, and do nothing, will most likely achieve the success they set out to achieve. I can't emphasise this enough but for anyone who is looking to educate themselves and to gain an advantage in navigating the crypto space, and who want to develop an understanding of the things that truly drives asset prices, take a look at joining Real Vision @RealVision, it is by far the best thing I ever did. The team are incredible and it has a fantastic community for you to connect with. The information and insights they part with is pound-for-pound the most valuable alpha and intelligence that you could possibly absorb. The intelligence and understanding you will gain will help you to sail through these shit storms with a far greater calmness, to take a step back from the chaos and shut out the noise. As always, stay calm and don't fuck this up. Holders will outperform traders.

Long COVID fucking sucks. I probably shouldn't share this publicly but you know what fuck it. It's my life and it's a fucking real thing. Here's what it's like to have a relapse: I was fine for about 3 weeks. Sleeping okay, even mowing the yard, doing pullups. But then the stress got to a tipping point, and it's two weeks of hell. Severe insomnia, sleeping only 4-5 hours some nights. Fine, I've survived worse. But then the jitteriness, headaches, and gut trouble start. And you're stuck on the couch for a week straight, and any effort - cognitive, physical, or emotional - is a full setback. Every time you think you're out of the woods, that you're pacing yourself and being careful, and watching your exertion like a hawk, it doesn't matter. "Recovery is nonlinear" They tell you that over and over and over again. But that's the reality. I mean, hell, I had three weeks of near normal life. That's a godsend. I haven't been hiking in nearly a year. So, not entirely normal for me. But I wasn't counting my steps and watching my heart rate like a diabetic watches their glucose. It started when my dog needed emergency surgery. That was all night at the emergency vet and $7000 I can't really afford. That pushed me over the edge and it was just too much. Ultimately, that stress is going to set my recovery back by like a month. Maybe more. At least this kinda thing is getting more publicity now. I've seen news articles talking about the hundreds of thousands or even millions of children struggling with it too. Anyone responsible for fucking Wuhan needs to be in prison for the rest of their lives and then some. Anyone doing gain of function research needs to be arrested and shut down. Forever. Millions of lives are fucking ruined. I hate everything right now. Fuck this. Fuck everything.

Progress toward real-time proving for Ethereum L1 is nothing short of extraordinary. In May, SP1 Hypercube proved 94% of L1 blocks in under 12 seconds using 160 RTX 4090s. Five months later Pico Prism proves 99.9% of the same blocks in under 12 seconds, with just 64 RTX 5090s. Average proving latency is now 6.9 seconds. Performance has outpaced Moore's law ever since Zcash pioneered practical SNARKs a decade ago. Today's Pico Prism results are a striking reminder of that exponential curve. Beyond performance, zkVM diversity is remarkable. At least nine zkVMs are racing toward real-time proving: Airbender, Ceno, Jolt, OpenVM, Pico Prism, R0VM, SP1 Hypercube, Ziren, ZisK. That diversity is strength, similar to CL and EL client diversity. Fusaka, expected in December, will simplify real-time proving. EIP-7825 caps per-tx gas usage, enabling more parallel proving via subblocks. MODEXP, a prominent "prover killer", is being repriced with EIP-7823 and EIP-7883. By year's end several teams will prove every L1 EVM block on a 16-GPU cluster, drawing less than 10kW total. The 10kW target—about the same as a Tesla home charger—matters for on-prem proving in garages and offices, eliminating reliance on cloud proving. gigagas frontier L1 throughput has grown 100x since genesis ten years ago, from 20 kilogas/sec to 2 megagas/sec. With zkEVMs we can 100x again, in half the time. The key is to bypass validators as Ethereum's current scalability bottleneck. Lean execution proofs also decentralise validation. Goodbye 4TB NVMe, 8 cores, 64GB RAM recommended by EIP-7870. A Raspberry Pi running statelessly, or even a phone, will soon suffice. The scalability vs decentralisation dilemma is dying. Zooming out, the lean Ethereum vision is gigagas L1 and teragas L2. Gigagas L1 (10K TPS) means high-value payments, trading, and social apps directly on mainnet. Teragas L2 (10M TPS) means welcoming the entirety of finance onto Ethereum. Nov 22: Ethproofs day demo Behind the scenes teams are preparing a special Devconnect demo. In 38 days my home validator will run on zkEVM proofs. My mighty Geth node will go dark—no more execution client. Devconnect Argentina is Ethereum's world fair. World fairs unveiled the lightbulb, running water, cars, refrigeration, phones, escalators. Real-time proving is Ethereum's lightbulb moment. Ethereum's future is bright. Believe in something :)

Should @Plasma be an L2? AJ argues that Plasma should be an L2 in order to save on validator costs - $550m per year in savings. I think this is long-term correct however the market structure has to fundamentally change to make it long-term correct. The L1 Premium ROI Right now there's an L1 premium even for assets that aren't competing as a store of value. Should this be the case? I can't see why - not in the long-term. But the market currently disagrees. Let's look at FDV comps: Arbitrum (L2) - $4.3 billion Optimism (L2) - $2.9 billion ZKSync (L2) - $1.1 billion Compare these to EVM L1 chains that could be L2s: Tron (L1) - $32 billion Plasma (L1) - $9.6 billion There's clearly an L1 Premium. Say $5 billion of Plasma's current FDV is due to L1 premium. That's worth 10 years of $500m (5% of FDV) per year in validator costs. Add to this: Plasma can throttle issuance at any time - why not decrease validator rewards to 1-2% as the network grows? If you think you can be a deca-billion network it's market rational to launch an L1 instead of an L2 because of the L1 Premium. That's why Stripe's Tempo, Circle's Arc, Tether's Plasma are all launching as L1s instead of Ethereum L2s. The technical reasons they give are ex post facto rationalizations for the real reason: L1s are higher ROI because of the L1 Premium. Look at it from their perspective. Worst case - the L1 Premium evaporates in the years ahead. Fine, they just pivot to an L2 - they've lost nothing. Will the L1 Premium persist? Truthfully, i don't know. Maybe as the market matures we'll move from a Dumb L1 Premium to a Smart L1 Premium - only the assets truly competing as a nation-state grade censorship resistant store of value (SoV) will get the L1 premium and all other L1/L2 assets will be valued based on revenue and supply sinks. To me, BTC and ETH pass the SoV bar and it's very much TBD on everything else. But i'm not the market. The market says XRP is worth $300 billion and that the L1 Premium is real. So that's the takeaway for L2 lovers. Until the L1 Premium disappears expect to see more L1s.

@MelanieWeckert @lifeanalytics My doctor is now moving me on to the next stage: restoring my nervous system after prolonged ammonia poisoning. Choline alfoscerate + acetyl L carnitine.

@MelanieWeckert @lifeanalytics I feel like I have a long road to recovery ahead of me.

1/ One more piece of the puzzle ? A patient with diagnosed #MECFS and spastic paraplegia who I knew for many years got back to me after having found that she has an ALDH18A1 mutation . Specific aminoacid supplementation "changed her life".