sailingape.eth

Not all treasure is silver and gold, mate😉 Flying BAYC flags across the 7 seas... come say hi! Thanks @BoredApeYC! #BAYC #sailing

@jerallaire >Circle co-founder promotes vibe coded microcap with Pump Fun contract address in bio We are not a serious industry

@RyanSAdams What's sad is that there is a real technical impact of this. Opting for Aptos and Avalanche security instead of Ethereum is insane

If you're curious why $1.5 billion in tokenized t-bills moved from Ethereum L1 to Apotos, Avalanche, Polygon last week look at incentives. BUIDL fees dropped from 50 bps to 20 bps for those chains (and Solana) vs Ethereum - that's $4.5m in annualized savings on $1.5 billion. I don't have insider baseball on this but it's likely BlackRock didn't cut fees because Larry's feeling generous. A simple theory: Aptos, Polygon, Solana, Avalanche are paying BlackRock incentives for this privilege - or else, why only those chains at 20 bps while Optimism and Arbitrum are 50 bps? If you're Avalanche with rich AVAX treasury would you pay a couple million to BlackRock in exchange for #2 on the RWA t-bill charts? Wouldn't be the worst marketing dollars you've spent. And once again we see goodhart's law in crypto - when a measure becomes a target it ceases to be a good measure. RWAs without deep liquidity and DeFi ties to the underlying network are vanity metrics - they don't really need the underlying chain, there's minimal moat. If the theory is right a few lessons: - Untethered RWAs are vanity metrics - Chains are spending for these metrics - "Spending" is token sell pressure There's good BD spend and there's bad BD spend. I'm not sure this is good spend.

@waleswoosh How can phantom be S in your world lol. Clearly something's wrong with ya

Official crypto wallet tier list:

@b05crypto @redhairshanks86 They'd still use eth as native token. They just want to have another one. That's my read

So, I am definitely negative about this announcement. I loved that they decided to use ETH for gas. It showed a commitment to the L1 and a commitment to providing value. I am not going so far as to say this is to extract max value. I certainly think that part of the reasoning is how much everybody involved can make, including @coinbase, but I also think that there are strategic reasons for doing it beyond that and I don't doubt those are the truth. From my perspective, having a token does a few powerful things: 1. It can provide significant incentives for builders to build on @base and allows base to build in gas incentives for driving adoption to the chain. This could also reduce the number of tokens created and allow builders to just use the Base token for their protocols. 2. It can provide incentives for users to be on base and to be loyal to it, by investing in the token and using it in the ecosystem. 3. It can provide a significant number of opportunities for Coinbase/Base to expand the types of financial products they offer to users. 4. It can help align incentives and motives for everyone on the team and the ecosystem if the token is tightly integrated into the user experience. I still would prefer they not have a token. Not having one was one of the reasons I was publicly supportive from the beginning, but I understand the strategic and the personal financial motivations to do so and it is difficult not to support it. For me, this and the Solana bridge fly counter to the culture I think they've worked very hard to create. I'm not excited about it, but I get it.

why i dislike crypto founders so much i got into crypto in 2016 and back then a large proportion of market participants cared about the core values like decentralisation, immutability, censorship resistance etc. today, hardly 2% still care about it, the rest of the "builders" just want to make money there is NOTHING wrong with wanting to make money. it is a good thing. but if you want to make money, JUST SAY THAT and don't frame it like you are saving the world jesse's words here are "we are gonna have this positive impact on the world (...) and figure out how these new tools can unlock new systems for ALL OF US and so (...) we are going to be exploring a network token" shut your mouth there is precisely one reason why base is launching a token and it is to max extract one last time for coinbase shareholders. and that by itself is not a bad thing, the bad thing is how jesse frames it like they want to save the world when indeed they just want to max extract and this is true for ALL crypto companies base worked great without a token for years, you don't need a token polymarket, pumpfun, and all other dapps work perfectly fine without a token, yet, they all have one. for the sole reason that it is the easiest way to make more money for the team and vcs. and i would be ok with it if they were just honest about it instead of virtual signalling like a blue haired liberal imagine that uber, spotify, airbnb and every single app had their own currency. makes 0 sense. they have company shares and it is the mandate of the board and management to maximise shareholder value, often against the common good. but i am ok with it, bc it is transparent and honest only in our industry do we have people like sandy from scroll or cringe jesse pretending they are saving the world when indeed they are just enriching themselves can't listen to these people talk...

Vitalik Buterin shares what he hopes to accomplish in the next 10 years with Ethereum - ‘Finish’ the technical roadmap - Make privacy a default part of the experience - Have some form of self custody - Formal verification on everything - Finance happening on Ethereum by default

@Cointelegraph Bullish!

🚨 LATEST: Over 913K ETH worth $3.4B lost to user error. More than 5% of all $ETH is permanently gone if including EIP-1559 burns, says Coinbase exec Grogan.

@WatcherGuru Wat if he's replaced by someone who's not an eth guy?

JUST IN: BlackRock's head of digital assets leaves the company to join second-biggest Ethereum treasury company, SharpLink Gaming.

JUST IN: $3,700 $ETH

@pudgypenguins What will this token be for exactly ?

PENGU will have a total supply of 88,888,888,888 and will launch on Solana. Check out our tokenomics and distribution below:

Introducing $PENGU, the official coin of Pudgy Penguins. Launching in 2024. Learn more below.

so instead of SOL flipping ETH, XRP flipped SOL. how do we feel about this?

The beacon chain genesis happened four years ago on Dec 1, 2020. With a modest 0.5M ETH staked on day one, the parallel PoS chain provided zero immediate benefits to users. And yet the seed blossomed to become the strongest foundation blockchains have ever seen: → 10K consensus participants → $125B economic security → economic finality via L1 slashing → 51% attack recovery via L0 slashing → 100% uptime No other PoW or PoS chain comes close—the gap is immense. This is the power of long-term thinking, of taking the long and hard road. Looking ahead, there is a tremendous opportunity to cement Ethereum as the settlement layer for the internet of value. The beacon chain is far from perfect. There is a lot of work on a years-long upgrade journey. We want improved censorship resistance and MEV handling. We want smaller staking deposits, better delegation, faster finality. We want smarter issuance. We want full chain validation accessible to smartwatches, we want post-quantum security. In parallel to the consensus layer (CL) we want full danksharding at the data layer (DL) and native rollups at the execution layer (EL). I believe Ethereum can get it all. Many L1 improvements will ship incrementally every year for years to come. Some improvements like chain snarkification and post-quantum security will likely benefit from a holistic redesign. To complement L1 health upgrades, L2s will provide amazing performance improvements in months not years. Fast UX? Study ping-latency preconfs. Low fees and unbounded throughput? Study horizontal scaling of execution and DA. Synchronous composability? Study shared sequencing and real-time proving. The future of is bright. I invite you to get involved. Ethereum may just be humanity's most ambitious and exciting decentralised computing project.

Is it me or people rocking bayc PFP again?

Everyone waiting for $100k BTC doesn't realize that the play is ETH at the lowest ETHBTC RSI level in history, the risk reward is unmatched. The market doesn't realize it yet. But it will soon.

Nobody scammed retail more than Solana. SOL’s market cap almost doubled, yet its price still did not make an ATH. This is the definition of inflation. A hidden tax every Solana fanboy pays.

@Danny_Crypton Also, all rollups native currency is ETH, how thick do you have to be to think it's bearish Ethereum...

Holding Ethereum? You are in trouble. Uniswap, generating $500M in annual fees, has just launched its own L2 and testnet. Now, those fees are reduced by 100x and go into Uniswap pocket. Multiply this by 200x until the price of $ETH drops to zero.

@Danny_Crypton Lol, you do know that rollups pay a lot of Ethereum fees to settle on the L1 right ?

There is only one thing that really matters in the ApeCoin DAO: APECHAIN Wasteful spending on stupid shit undermines the mission. It has to stop. In the next few weeks you are going to see multiple proposals to radically change the DAO. Get rid of the working groups, the committees, the Special Councils. Trim the fat, simplify the process, & move everything on-chain. APECHAIN is all that matters. It's time to align the whole DAO behind it. No more dumb shit. forum.apecoin.com/t/resignation-…

So if I understand everything, all degods have the same value. No traits , no rare taken into account? So, not an nft ?

@mert Yet Solana only has shitty memecoins

the biggest difference between Ethereum and Solana conferences is that ~80% of events on Ethereum are about infra vs. almost all events on Solana are about apps

@GinoTheGhost Facts

So basically, Pacman launches Blur, destroys the NFT market by incentivizing unhealthy/unnatural downward volume through a farming ponzi, the token trends to 0, he completely abandons those farmers (and Blur), then full-pivots into BLAST. Truly a web3 supervillain.