bitgoten
1.3K posts


Things no one wants to hear:
-There will be no meaningful rallies while Oil >$100/bl
-Private credit exacerbates the current energy crisis
-Rising unemployment and risk of reinflation continues.
-The second order effects of the war wont disappear for months...some for years.
You're better off in cash waiting to buy blood 🍌

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@ThinkingBitmex gulf states should now dump their US treasuries and buy bitcoin imo
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bitgoten รีทวีตแล้ว

Bitcoin is in its final stages.
Hundreds of billions have been invested into something with literally zero utility or intrinsic value.
It was created by gamblers, pedophiles, and criminals, then sold to the masses through fabricated narratives like “inflation hedge,” “store of value,” and “digital gold” to inflate prices for insiders.
This will be the largest destruction of wealth in history. It is a giant game of musical chairs, and the music has stopped.
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@RunnerXBT bears stronger together united against mossad pedophiles 🧸🎯
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@AlderLaneEggs @howardlutnick Can you elaborate on the connection of these guys with Tether ? Can't find anything
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Je vous resume cet article infâme rédigé par le rédacteur en chef de l’OLJ au moment où le Sud-Liban est bombardé: le Liban est passé de l’influence de l’Axe de la résistance à une vassalisation américano-israélo-saoudienne.
Il affirme que cela est plutôt positif et parle de « vassalisation heureuse ».
L'Orient-Le Jour@LOrientLeJour
✍️ #Édito | Le Liban à l’heure de la « vassalisation heureuse » Par @AnthonySamrani à lire ici : olj.me/1494324
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Bitcoin at 60K in July 2024 was a very different BTC than at 60K today.
In July 2024, Trump raised his fist after his attempted assassination, guaranteeing his presidency, which was back then viewed as extemely bullish for markets. #Bitcoin began pricing this in immediately.
In early 2024, spot Bitcoin ETFs had just been approved and a brand new wave of institutional capital was finally able to access $BTC.
In July 2024, Microstrategy had an mNAV around 2 and were aggressively adding to their Bitcoin holdings. In late 2024, they began buying in borderline maniacal fashion.
In 2024, the narrative of Bitcoin being a hedge against inflation was still very strong. Optimism was at an all time high and the sky was the limit. We were in price discovery and a $250,000 dollar price target felt a lot more realistic than zero.
In 2026, Trump has already been fully priced into the market, and confidence in him has waned.
In 2026, spot Bitcoin ETFs have seen 2.9 billion in outflows since mid January and roughly 8 billion since late 2025. Institutional capital is exiting, not providing a brand new influx of buying.
In 2026, Microstrategy is heavily underwater and their mNAV often teeters on the 1.0 level, where their guidance claims they will no longer dilute shareholders to fund more Bitcoin purchases.
In late 2025 into 2026, the inflation hedge narrative has struggled. Equities and commodities saw parabolic advances, while Bitcoin dumped repeatedly. This simultaneously has the major affect of hurting investor confidence. When you’re watching every asset class moon but yours, many leave the loser and chase the winners.
Today, the once extreme optimism in Bitcoin has diminished, for many of the reasons discussed above. The all time high is in and there’s A LOT of work to do to get back to those levels. The market will NEED fresh catalysts and fresh buyers. This is something Bitcoin has overcome before, but the potential for returns back then was also much greater. Bitcoin at 60K is a very different investment than Bitcoin at the 3K or 15K bottoms. The multiples from those levels were still extremely attractive. The multiples from 60K are much less so in my opinion.
This isn’t to call for the death of Bitcoin, but to provide you with perspective of where we’re currently at (through my lens of course). There will certainly be others with differing opinions and I hope your investments work out for you.
I don’t think we’re going to zero, but I do this think recovery will take time, and I certainly don’t think we’re out of the deep waters just yet.
Good luck my friends, be well.
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@RunnerXBT bulls should take the bailout here and fuck off from crypto
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There have recently been some discussions on the ongoing role of L2s in the Ethereum ecosystem, especially in the face of two facts:
* L2s' progress to stage 2 (and, secondarily, on interop) has been far slower and more difficult than originally expected
* L1 itself is scaling, fees are very low, and gaslimits are projected to increase greatly in 2026
Both of these facts, for their own separate reasons, mean that the original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path.
First, let us recap the original vision. Ethereum needs to scale. The definition of "Ethereum scaling" is the existence of large quantities of block space that is backed by the full faith and credit of Ethereum - that is, block space where, if you do things (including with ETH) inside that block space, your activities are guaranteed to be valid, uncensored, unreverted, untouched, as long as Ethereum itself functions. If you create a 10000 TPS EVM where its connection to L1 is mediated by a multisig bridge, then you are not scaling Ethereum.
This vision no longer makes sense. L1 does not need L2s to be "branded shards", because L1 is itself scaling. And L2s are not able or willing to satisfy the properties that a true "branded shard" would require. I've even seen at least one explicitly saying that they may never want to go beyond stage 1, not just for technical reasons around ZK-EVM safety, but also because their customers' regulatory needs require them to have ultimate control. This may be doing the right thing for your customers. But it should be obvious that if you are doing this, then you are not "scaling Ethereum" in the sense meant by the rollup-centric roadmap. But that's fine! it's fine because Ethereum itself is now scaling directly on L1, with large planned increases to its gas limit this year and the years ahead.
We should stop thinking about L2s as literally being "branded shards" of Ethereum, with the social status and responsibilities that this entails. Instead, we can think of L2s as being a full spectrum, which includes both chains backed by the full faith and credit of Ethereum with various unique properties (eg. not just EVM), as well as a whole array of options at different levels of connection to Ethereum, that each person (or bot) is free to care about or not care about depending on their needs.
What would I do today if I were an L2?
* Identify a value add other than "scaling". Examples: (i) non-EVM specialized features/VMs around privacy, (ii) efficiency specialized around a particular application, (iii) truly extreme levels of scaling that even a greatly expanded L1 will not do, (iv) a totally different design for non-financial applications, eg. social, identity, AI, (v) ultra-low-latency and other sequencing properties, (vi) maybe built-in oracles or decentralized dispute resolution or other "non-computationally-verifiable" features
* Be stage 1 at the minimum (otherwise you really are just a separate L1 with a bridge, and you should just call yourself that) if you're doing things with ETH or other ethereum-issued assets
* Support maximum interoperability with Ethereum, though this will differ for each one (eg. what if you're not EVM, or even not financial?)
From Ethereum's side, over the past few months I've become more convinced of the value of the native rollup precompile, particuarly once we have enshrined ZK-EVM proofs that we need anyway to scale L1. This is a precompile that verifies a ZK-EVM proof, and it's "part of Ethereum", so (i) it auto-upgrades along with Ethereum, and (ii) if the precompile has a bug, Ethereum will hard-fork to fix the bug.
The native rollup precompile would make full, security-council-free, EVM verification accessible. We should spend much more time working out how to design it in such a way that if your L2 is "EVM plus other stuff", then the native rollup precompile would verify the EVM, and you only have to bring your own prover for the "other stuff" (eg. Stylus). This might involve a canonical way of exposing a lookup table between contract call inputs and outputs, and letting you provide your own values to the lookup table (that you would prove separately).
This would make it easy to have safe, strong, trustless interoperability with Ethereum. It also enables synchronous composability (see: ethresear.ch/t/combining-pr… and ethresear.ch/t/synchronous-… ). And from there, it's each L2's choice exactly what they want to build. Don't just "extend L1", figure out something new to add.
This of course means that some will add things that are trust-dependent, or backdoored, or otherwise insecure; this is unavoidable in a permissionless ecosystem where developers have freedom. Our job should make to make it clear to users what guarantees they have, and to build up the strongest Ethereum that we can.
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News ⚠️Je découvre, sidéré, que mon nom apparaît comme cible dans les Epstein Files.
Une affaire internationale.
Des échanges me concerneraient entre Ariane de Rothschild et Jeffrey Epstein, où il serait question de gérer mon cas.
Quelques jours plus tard : circulaires, interdictions, frontières fermées.
Moi, humoriste.
J’en parle en live sur X, à mon retour de tournée, mercredi à 20 h.



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I’ve traveled to a lot of countries over the years. Spending a month in the US was probably my worst experience.
> Flying is a nightmare: old infrastructure, chaos at security & immigration, trash business class (they don't know what first class is)
> Luxury hotels are outdated with mid service. Branded luxury in Europe, Turkey, the Middle East or Asia completely destroys them
> Food is average at best but somehow $100+ per person
> Everyone is trying to interact with you with small superficial useless talks.
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So @Lighter_xyz is closed source yet it can be listed on @coinbase and supported by Coinbase Custody?
Then why can’t $HYPE?
What is going on here?
Coinbase Markets 🛡️@CoinbaseMarkets
Assets added to the roadmap today: Lighter (LIGHTER) coinbase.com/blog/increasin…
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@playrisk @Lighter_xyz counter points:
- crypto is a trash scam
- it's a bear market
- everyone feels safe in $HYPE so it's the next "coin" that will go to fucking zero
🧸🎯
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Stable Mainnet goes live tomorrow.
USDT-native settlement. Predictable fees. Real-world payment rails built on-chain.
📍 December 8, 1:00 PM UTC (8:00 AM ET)
The Future is @stable
Stable@Stable
Stable Mainnet goes live next Monday. 📍December 8, 1:00 PM UTC (8:00 AM ET) A key step toward real-world payment rails. Mainnet. Less than a week to go.
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