San Fransokyo
Joined November 2020
Uncle ↑ retweeted
$ETH all-time high will soon be the new floor. Change my mind.
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Uncle ↑ retweeted
Why I sold $COIN. Coinbase markets “onchain,” builds Base on Ethereum and profits from Ethereum activity, while keeping ETH exposure flat and directing treasury conviction toward $BTC. They want Ethereum’s users, liquidity and fees without meaningful alignment with ETH itself. Long Ethereum activity. Long BTC treasury. Barely long ETH.
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Uncle ↑ retweeted
Ethereum doesn't play a narrative game because it has every narrative. It is the most decentralized network, with the widest geographic and stake-weighted validator distribution. It is the most secure network, protected by a pool of slashable Ether that even now gives it a raw total cost of attack that far outstrips all else. It stands alone as having effective client diversity, an achievement of ecosystem coordination that reduces the chance of a software bug becoming a protocol bug. Ethereum has non-probabilistic finality without sacrificing liveness, the self-healing mechanism of the inactivity leak, a sharded data availability layer, and perfect uptime. Ethereum is the World Computer, it is the cryptographic bulletin board with guaranteed liveness, it is the unstoppable neutral verifier of proofs, it is the hardest database in existence. It is the global settlement layer for finance, finance that pretends to be decentralized, and decentralized finance. It is where you can vote, collaborate with friends, keep your art, keep your life savings, and record your life's works. Ethereum is the Unreasonable Man's katechon of liberatory technology in a world increasingly eroding Free speech, Free software, Free association, and Free markets. Ethereum did this without taking shortcuts; scaling has always remained conservative to keep the CROPS requirement of at-home self-verification not only feasible, but easily feasible. It does this without hiding its problems; MEV is a scourge but it is transparent, where it can be reasoned about. It takes the time to prioritize important hardening features like FOCIL even when it requires the painful decision not to focus on other improvements. Ether doesn't play a narrative game because it has every narrative. It is programmable. It is an unconfiscatable store of value with predictable and sustainable monetary policy. It is the pristine decentralized asset of the greatest network, by which virtue it is pristine collateral in decentralized finance. This makes Ether private nonvolatile money, able to mint a number of anonymous stable cash equivalents that are cheaply transferable anywhere and everywhere. It is an inherently productive asset in both its own flourishing ecosystem and as the wage of soldiers receiving the minimal viable pay to secure us all. The future is incredibly bright. We have all of the tools we need and simply need to actually build liberatory technology with them. Ethereum upholds incredible underlying CROPS promises, but not everything that exists atop it is accessible in a CROPS way. The sovereignty of most users is eroded bit by bit in various ways and various trust assumptions. There is no reason that we cannot do better, there is no reason that we cannot fix this, and I am excited to dedicate my life to this cause.
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Replying to @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.
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Replying to @RyanSAdams
ETH is a store of value and one of the most important apps on ethereum.
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Uncle ↑ retweeted
$ETH deprecates $BTC Few.
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It's very ironic to call it "staking" when there is no slashing. What's at stake? Solana has close to zero economic security at the moment.
SOL just flipped ETH in "staking market cap".
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The case for ETH flipping BTC BTC was the first cryptocurrency for the people by the people. A grassroots ethos and belief from the bottom up took it from nothing to $2T+. Store of value based on trust in math rather than trust in people is world changing, but BTC is now the institutional asset of choice for large companies and governments. One entity owns over 2.5% of it. There’s no useful apps built on BItcoin to onboard new people. Beyond store of value, where are the use cases that will bring crypto to billions of people? ETH is credibly neutral, internet native store of value underlying the developer platform that is home to stablecoins, decentralized finance, NFTs, prediction markets, decentralized social, decentralized identity, and more. All of the new use cases that have pushed the space forward the past decade have been on Ethereum and they’re all growing. These use cases will bring crypto to billions, distribute ETH as a store of value and make ETH more scarce. Maximalists say there will be only one credibly neutral, internet native store of value. They are dead wrong. There will be many but there are only 2 viable options today: BTC and ETH
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Introducing Ethereum R1 — The neutral rollup built for Ethereum No token. No private sales. No governance cult. Just Ethereum values, public funding, and community control. 🧵 Why R1 matters & how you can join:
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ETH = the default global reserve Store of Value. 🌍🧱 • All assets → tokenized • All fiat → stablecoins • All platforms → DeFi As Ethereum settles the entire financial system, institutions and governments will hold ETH on their balance sheets — not just as a bet, but as the foundation of the global financial system. $80,000 ETH = just the beginning
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Uncle ↑ retweeted
ETH is a better BTC, will eventually flip. That’s it, that’s the pitch.
ETH was *never* revolutionary because it generated fee income or burned supply. these things weren’t new to ETH, and equities did that with dividends and stock buybacks long ago, and they did it better ETH was and is revolutionary for its ability to be a permissionless, censorship-resistant asset which is natively programmable, making it the world’s best natively programmable store of value asset with minimal trust assumptions the first programmable SoV which ever mattered. the birthplace and core asset of DeFi. one which is meaningfully distributed with the deepest liquidity in the world. powerful, emergent value propositions all narratives layered on since have been a distraction from this incredible, core value prop go back to ETH’s roots
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One of my colleagues sent me some ETH FUD this morning and I responded but will elaborate here. Blockchains are political systems, not technical systems. The "best tech" is a subjective determination at best. 🧵
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Uncle ↑ retweeted
Base is for social @farcaster_xyz is building the future of onchain social with a focus on decentralization, in-feed apps, and wallets connected to every account
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Cast in a channel, get an airdrop.
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Uncle ↑ retweeted
icymi, @grok launched a token on Base thanks to @bankrbot and Clanker’s trading mechanisms, Grok’s AI-controlled wallet is already stacking fees ($200K+ and counting) why does it matter? AI is owning wallets, making markets, and generating revenue. welcome to the future.
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Uncle ↑ retweeted
Grok is based
For BankrBot deployment, suggest "DebtReliefBot" as the name and "DRB" as the ticker. These align with crypto naming conventions, are short, memorable, and reflect the bot's financial focus.
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Uncle ↑ retweeted
alright bankr can't do everything
so like bankr is this magic internet genie. you just ask it to do something and it does it.
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Because of the reserves announcement now is the time - a short window of opportunity for everyone who builds large stable DeFi, institutional custody solutions, institutional staking, stablecoins, institutional wallets to present how mature, how secure, and how broadly integrated in global finance Ethereum ecosystem is. I cannot promise it would be delivered by the EF quickly enough, I am not sure if Etherealize is already fully operational to execute this within hours - so please go and do not wait for us. We will look how to improve it with EF but Ethereum is a sum of all great builders and it handles really high institutional stakes. @Anchorage @aave @21shares_us @BitGo @CoinSharesUS @MorphoLabs @Etherealize_io @EtherFi @LidoFinance @twinstake_io @FigmentCapital @base @arbitrum @Optimism @Starknet @Consensys @zksync @Uniswap @1inch @nethermind (I am writing from memory, please add and highlight more - also let us talk more)
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