Deepcryptodive.eth 🏴‍☠️⟠

ngl im starting to be pissed at the EF for blatantly overlooking Fluid again and again not because Morpho doesn’t deserve it (at all!!) but that they rather allocate a second time to a protocol they’ve already allocated tens of millions to before giving a nod of appreciation to one of the fastest growing protocols on Ethereum over the past 2 years screams of incompetence and/or bad judgement these guys embody the values of what makes ethereum special discovered ethereum as teenagers as a way to build permissionless financial applications - before they even had a bak account in their name won ethindia hackathon, got mentored by kyberswap guys, raised some money and scaled instadapp to billions of TVL in defi loans 6 years later the guys are still building and have come up with a completely new primitive (turning lending markets into AMM’s) became the second largest DEX on Ethereum just behind Uniswap and one of the largest money markets which in club does one need to belong to, to get considered by the EF treasury?

Bought more ETH @ $1835 ea Already down 1%🫡

Tempo mainnet is live and permissionless We designed it to be the best blockchain for payments, and every feature serves that goal We're also introducing a new standard for web and agentic payments, the Machine Payments Protocol, which you can use today

You don't need to read for long to feel bullish about the new EF mandate. Literally in the first page EF frames $ETH as self-sovereign "store of value and money" in an environment where "one’s money arbitrarily inflated away, frozen or simply expropriated are so high." That's Bitcoin's territory. It's the opposite to their previous infinite garden slop. Moneyness is the highest status an L1 token can reach. Only BTC has any claim to it today. No other L1 besides ETH has a chance at it right now. Because if L1 teams decided to 'retire', their chains would die. Ethereum is still at risk of it today. That's why their "walkaway test" with a "thousand-year horizon" is strong goal: EF wants Ethereum to keep running if the Foundation disappears. Same as BTC.. or gold. I feel like I'm opening a Pandora box once again comparing BTC vs ETH when it comes to money, but if they achieve their CROPS framework goals, ETH would be da best money. The second weakest point is their claims on privacy. both BTC and ETH are open by design. Ray Dalio even said that central banks won't buy BTC because BTC lacks privacy and it won't be fixed, ever. Ethereum's isn't any different today. But it can, and will change. Privacy is also a key selling point for multiple new corpo-slop L1s and I'd love ETH to kick their asses. Overall, ETH doesn't need to compete with other chains by fees spent, transaction speed etc. Other chains will win against Ethereum in this competition. But other L1s can't compete with ETH when it comes to Censorship resistance, security, and moneyness factor. Add privacy and we have a jackpot. This is the highest upside game IMHO.

The price of Spice rises by 10%, as intergalactic Guild shipping lanes are blocked by Fremen forces in response to the Harkonnens illegal attack on Arrakis. Arrakis, 10, 191AG, colorized