Josh Stark @0xstark Twitter profile

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Josh Stark

2 years

0. Atoms, Institutions, Blockchains This is my answer to why crypto matters, what problem blockchains solve, and how Ethereum can change the world.

Atoms, Institutions, Blockchains

What do we want our civilization to be made of?

stark.mirror.xyz

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Last Seen Profiles

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@DaniRM37

Josh Stark

@0xstark

3 years

Friend at a tech co: "all the smart kids we're hiring are leaving and going into ETH"

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Josh Stark

@0xstark

2 years

1. When @ethereum switches to Proof of Stake, the energy use of the network will be reduced by about ~99.95%. One common reaction to this: "how can you be so sure?"

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Josh Stark

@0xstark

2 years

The Year in Ethereum 2021 by me & @evan_van_ness

The Year in Ethereum 2021

By Josh Stark & Evan Van Ness

stark.mirror.xyz

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Josh Stark

@0xstark

4 months

it happened 🎉 - Ethereum L2s = $20.7 billion - Other L1s = $19.67 billion

Josh Stark

@0xstark

3 years

When will total value locked in Ethereum's L2 exceed total value in all applications & protocols on other L1 chains combined? Today: - Ethereum L2 TVL = ~$2.2B - Other L1 application/protocol TVL = ~$46B

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Josh Stark

@0xstark

2 years

0. Fun piece of history about this: the deposit contract the community used was just the first one to be uploaded w/ the verified bytecode as far as I know, no one even knows who deployed it! It wasn't "official" until the community opted to use it

Bitcoin is Saving

@BitcoinIsSaving

2 years

If Ethereum is decentralized, why is there one official ETH2 deposit contract? 🤔

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Josh Stark

@0xstark

3 years

Some professional news: 🎉 I’ve joined the Ethereum Foundation full-time. I’m very thankful to @AyaMiyagotchi for the opportunity to do this meaningful & important work.

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Josh Stark

@0xstark

4 years

the biggest story in crypto this year is @ethereum unseating Bitcoin as the world's most-used cryptocurrency

Messari

@MessariCrypto

4 years

Due to the rise of stablecoins on Ethereum, Ethereum now settles significantly more value per day than Bitcoin Q2 Stablecoin report:

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Josh Stark

@0xstark

2 years

1. 👋 hey anon - you should be hyped about the Ethereum Staking CLR round, and you should contribute to it! - $350K in matching funds - 1288 donors so far - Demos tech that will help scale CLRs to millions of users - 6 days left

ETHStaker QF Round

🎉 A $350k quadratic funding round for the Ethereum staking ecosystem, brought to you by ETHStaker and clr.fund, with matching funds provided by the Ethereum Foundation.

qf.ethstaker.cc

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Josh Stark

@0xstark

2 years

0. Let's call this idea the "Veil of Abstraction" thesis Here's why I think it's badly wrong:

nader dabit

@dabit3

2 years

when blockchains are abstracted away as internet infrastructure, & they are no longer exposed to the user in any wallet interaction but instead are just being used under the hood, maximalism & tribalism will go away as the best, cheapest, and most scalable solutions will just win

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Josh Stark

@0xstark

3 years

The Year in Ethereum 2020 by me & @evan_van_ness

The Year in Ethereum 2020

The biggest developments for Ethereum in 2020

jjmstark.medium.com

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Josh Stark

@0xstark

2 years

ok I'll bite - what's EOS?

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Josh Stark

@0xstark

2 years

this person is so close to an important realization

Joey Politano 🏳️‍🌈

@JosephPolitano

2 years

Imagine having a currency so bad it's perceived as riskier than crypto

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Josh Stark

@0xstark

2 years

In 2021: total fees paid on Cardano L1 by all users = $8M total fees paid on Ethereum L1 by @Arbitrum L2 = $9.1M

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Josh Stark

@0xstark

4 years

The Year in Ethereum 2019 by me & @evan_van_ness

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Josh Stark

@0xstark

2 years

Which blockchains did people pay to use in 2021?

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Josh Stark

@0xstark

4 years

well done @MakerDAO "ethereum projects getting outside of the crypto bubble" is a great trend to start 2020

MakerDAO Pitches DeFi to the Masses at CES 2020

There's a "digital money" section on the show floor of this year's CES. MakerDAO's DAI is the only crypto with a booth.

www.coindesk.com

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Josh Stark

@0xstark

4 years

Total fees paid in 2019 to use: $5.5 million - @MakerDAO $3.5 million - @synthetix_io $1.2 million - @UniswapExchange $412,663 - @litecoin

Charlie Lee Ⓜ️🕸️

@SatoshiLite

4 years

This is why I don't believe in DeFi. It's the worst of both worlds. Most DeFi can be shut down by a centralized party, so it's just decentralization theatre. And yet no one can undo a hack or exploit unless we add more centralization. So how is this better than what we have now?

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Josh Stark

@0xstark

2 years

this sucks here's a better list: - people in Turkey, Argentina, Nigeria facing inflation - an artist who made enough to pay their rent - people in Ukraine funding humanitarian aid - groups protesting police violence who lost their bank accounts

Blockworks

@Blockworks_

2 years

People that believe in crypto: Tesla CEO Uber CEO Apple CEO Nvidia CEO PayPal CEO Airbnb CEO Google CEO Microsoft CEO Mastercard CEO Meta Co-Founder Apple Co-Founder Reddit Co-Founder Twitch Co-Founder Twitter Co-Founder Morgan Stanley CEO Goldman Sachs CEO Charles Schwab CEO

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Josh Stark

@0xstark

2 years

3. Creators used Ethereum to earn $3.5 billion. That's more than @onlyfans & @patreon combined, but less than the largest platforms.

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Josh Stark

@0xstark

4 years

there is now 2.5x as much BTC on Ethereum as on @Blockstream 's Liquid:

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Josh Stark

@0xstark

2 years

one weird thing about the web3 discourse is how all the american web3 critics assume web3 is an american creation

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Josh Stark

@0xstark

3 years

👋 I'm hiring a research intern

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Josh Stark

@0xstark

4 years

there are now 82,793 BTC on @ethereum that is: ~0.45% of current @Bitcoin supply ~32x the total BTC on @Blockstream 's Liquid ~77x the total BTC on @lightning

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Josh Stark

@0xstark

3 years

there are now 277,889 BTC on @ethereum that is: ~1.5% of all @Bitcoin ~84x the total BTC on @Blockstream 's Liquid ~93x the total BTC on @lightning ~113x the total BTC on @RSKsmart ~$15.96 Billion USD

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Josh Stark

@0xstark

3 years

it's 2021 and there's still no crypto data site that shows me the total marketcap of all assets on Ethereum

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Josh Stark

@0xstark

5 years

a long, in-depth look at the last year in ethereum

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Josh Stark

@0xstark

5 years

1. One of Ethereum’s under-appreciated advantages is a proven ability to recruit new talent and withstand generational turnover.

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Josh Stark

@0xstark

2 years

0. Imagine that Ethereum succeeds. Over the next 20 years, blockchains become widely used for global commerce & coordination. Every day, billions of people rely on Ethereum and a network of L2 chains secured by it.

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Josh Stark

@0xstark

4 months

let's go

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Josh Stark

@0xstark

3 years

0. With NFTs and Eth's move to Proof of Stake in the news, I often see comments like: "Eth has been promising to move to PoS for years, but..." or "Eth2, still under development, may launch in a year or two...." But how many people realize that Eth2's PoS is already... live?

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Josh Stark

@0xstark

1 year

✨ 3 weeks left to apply to the EF's Academic Grants Round: - Open to a wide range of academic domains, from p2p networking to history - $1M in funds available - Applications due Feb 27 - Want inspiration? Check out the wishlist items in screenshots

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Josh Stark

@0xstark

5 months

Update: Ethereum L2s = $16.42B Other L1s= ~$18B

Josh Stark

@0xstark

3 years

When will total value locked in Ethereum's L2 exceed total value in all applications & protocols on other L1 chains combined? Today: - Ethereum L2 TVL = ~$2.2B - Other L1 application/protocol TVL = ~$46B

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Josh Stark

@0xstark

2 years

last update: there are now 324,809 BTC on @ethereum that is: ~1.7% of all @Bitcoin ~92x the total BTC on @Blockstream 's Liquid ~85x the total BTC on @lightning ~103x the total BTC on @RSKsmart

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Josh Stark

@0xstark

4 years

there are now 42,321 BTC on @ethereum that is: ~17x the total BTC on @Blockstream 's Liquid ~42x the total BTC on @lightning

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Josh Stark

@0xstark

2 months

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Josh Stark

@0xstark

2 years

6. From then on, the energy cost is just running client software - about 2.6 MWh per year () At that point, the US gaming industry will consume ~1,300 times as much energy as @ethereum ()

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Josh Stark

@0xstark

4 years

there are now 10,334 BTC on @ethereum that is: ~10x the total BTC on @lightning ~5x the total BTC on @Blockstream 's Liquid

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Josh Stark

@0xstark

4 years

there are now 20,048 BTC on @ethereum that is: ~20x the total BTC on @lightning ~8x the total BTC on @Blockstream 's Liquid

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Josh Stark

@0xstark

1 year

A blockchain's transaction capacity is equal to the capacity of its L1 plus the capacity of all L2s under its security.

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Josh Stark

@0xstark

3 years

the most important (but least understood) point in the entire crypto industry: There is no such thing as "Proof of Stake". There is: (1) Ethereum's PoS (2) Every other PoS system in production

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Josh Stark

@0xstark

5 years

weakness of ethereum: it needs better critics

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Josh Stark

@0xstark

2 years

1. Ethereum settled more value than Visa.

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Josh Stark

@0xstark

5 years

hey twitter - helping put together a resource aimed at devs who are *not* deep into protocol research, but wondering how ETH 2.0 will (or won't!) affect their work. 👉 What are your *most basic* questions about ETH 2.0? Ideal questions are (1) ultra simple and (2) pragmatic

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Josh Stark

@0xstark

2 years

3. But @ethereum is different from things like cars, airplanes, and gaming consoles. You can't power a car with money instead of energy. But you *can* secure a protocol with money instead of energy.

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Josh Stark

@0xstark

1 year

These 15 countries (those with the highest % of crypto users) have a combined population of ~2.37 billion people, or about a third of humanity

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Josh Stark

@0xstark

1 year

@vgr @TimBeiko @dannyryan @trent_vanepps feeling curious? 📢 Summer of Protocols Town Hall 001 - Friday March 10 - 15:30 UTC - Come with your questions! more info:

SoP Town Hall 001 | Notion

Meeting Info

efdn.notion.site

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Josh Stark

@0xstark

3 years

Total transaction fees 2020: Ethereum: ~$620 million Bitcoin: ~$330 million Last year, users paid ~2x as much to use Ethereum as to use Bitcoin.

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Josh Stark

@0xstark

4 years

2015 - Year of Ethereum 2017 - Year of Ethereum 2018 - Year of Ethereum 2019 - Year of Ethereum 2020 - Year of Ethereum 2021 - [...]

Dan Held

@danheld

4 years

Crypto narratives: 2014 - Year of the alt coin 2015 - Year of the smart contract platform 2017 - Year of the ICO 2018 - Year of the stable coin 2019 - Year of the bank coin 2020 - Year of DeFi Trends come and go, ₿itcoin doesn't.

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Josh Stark

@0xstark

2 years

How much money did creators earn using @ethereum in 2021? @BLulinski , @_miguelemos , @NazimRizvic and I have been trying to answer that question, and now we're open-sourcing our research for your input. Current estimate: $3.5 billion

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Josh Stark

@0xstark

2 years

5. With the switch to "Proof of Stake", we're not just tweaking this system to make it more energy efficient. We're completely substituting out the role of energy in the protocol, and directly using a financial cost - stake - instead.

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Josh Stark

@0xstark

5 years

in case you missed it - a long read on the big things that happened in ethereum in 2018

The Year in Ethereum

by Josh Stark, Evan Van Ness, and Daniel Zakrisson

jjmstark.medium.com

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Josh Stark

@0xstark

4 years

Bitcoin 2020

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Josh Stark

@0xstark

4 years

halfway through 2020, total $ paid to use @ethereum this year has eclipsed total paid in all of 2019 2020 YTD: $43.5 million 2019 total: $34.5 million (source: @coinmetrics )

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Josh Stark

@0xstark

2 years

One week in, @ethereum has been used to raise $31.3M USD for Ukraine from 41,420 donors. Plus another $9M raised in BTC.

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Josh Stark

@0xstark

3 years

there are now 173,874 BTC on @ethereum that is: ~0.93% of current @Bitcoin supply ~63x the total BTC on @Blockstream 's Liquid ~158x the total BTC on @lightning

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Josh Stark

@0xstark

2 years

0. Imagine that for all of human history, we had built everything only out of wood. 🪵

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Josh Stark

@0xstark

3 years

⏰ attn. future core devs - deadline to apply is Monday!

Josh Stark

@0xstark

3 years

🔔 Applications now open for @pipermerriam 's Core Dev Apprenticeship program (2nd cohort): - 4 month program (Sept -> Feb) - Work alongside core devs on impactful projects - Deadline to apply = Sept 13

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Josh Stark

@0xstark

4 years

total value locked in DeFi: $0 to $1 billion: ~30 months $1 billion to $2 billion: ~5 months

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Josh Stark

@0xstark

2 years

Wanted: an Ethereum logo in the style of those elaborate and almost incomprehensible black-metal logos

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Josh Stark

@0xstark

2 years

The rules of the Ethereum protocol are enforced by full nodes and the software they run. Neither a majority of stake in PoS nor a majority in PoW can break those rules, or force them to change.

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Josh Stark

@0xstark

2 years

2. People are rightfully skeptical of claims about reduced energy use. When companies claim to be reducing emissions, the improvements are often marginal (and sometimes false). In that context, a reduction of 99.95% sounds too good to be true - more crypto snakeoil.

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Josh Stark

@0xstark

2 years

4. In "Proof of Work" cryptocurrencies, the high energy use is a proxy for a financial cost. If it is expensive to mine, then it is expensive to gain majority control of the network. In PoW, that expense comes in the form of energy.

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Josh Stark

@0xstark

3 years

"This car ran fine when the tank was 100% full, fine when it was 50% full, and fine now that it's 25% full. Extrapolating this trend, I'm convinced that the car can run without gas"

Jameson Lopp

@lopp

3 years

bUt HoW wiLL bITcOiN sUsTaIn ThERmoDyNaMiC sEcURiTy WiThOuT iNfLaTiOn

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Josh Stark

@0xstark

4 years

👋 hey twitter! Meet Shawki Sukkar ( @ShawkiSukkar ), a 16yo self-taught developer from Aleppo, Syria I want you to help him find a job or internship in Canada, so he can move here and continue his career and education in a safe environment

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Josh Stark

@0xstark

2 months

A blockchain's transaction capacity is equal to the capacity of its L1 plus the capacity of all L2s under its security.

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Josh Stark

@0xstark

5 years

Some news:

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Josh Stark

@0xstark

2 years

one of the best values of the Ethereum community, and one worth fighting to preserve, is something like: "its amazing what you can accomplish if you don't care who gets the credit"

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Josh Stark

@0xstark

2 years

@VitalikButerin @davidgerard weakness of Vitalik: Vitalik needs better critics

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Josh Stark

@0xstark

5 months

A blockchain's transaction capacity is equal to the capacity of its L1 plus the capacity of all L2s under its security.

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Josh Stark

@0xstark

2 years

@VitalikButerin mixed alcoholic beverages

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Josh Stark

@0xstark

1 year

2/3 of the Bitcoin bet was settled on Ethereum

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Josh Stark

@0xstark

2 years

wish list: - @l2beatcom for bridges - @l2beatcom for stablecoins - @l2beatcom for oracles - @l2beatcom for blockchains...

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Josh Stark

@0xstark

2 years

5. So contrary to the tweet at top - the deposit contract is an example of the loose, "unofficial" nature of Eth development Some anon deployed the contract that holds 13M ETH, and that's fine because anyone could verify it, and the community formed consensus about it

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Josh Stark

@0xstark

3 years

🔔 Applications now open for @pipermerriam 's Core Dev Apprenticeship program (2nd cohort): - 4 month program (Sept -> Feb) - Work alongside core devs on impactful projects - Deadline to apply = Sept 13

Core Developer Apprenticeship Program: The Second Cohort | Ethereum Foundation Blog

blog.ethereum.org

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Josh Stark

@0xstark

4 years

blown away by the response to @ETHGlobal 's HackMoney Over the last 4 weeks, >350 hackers formed teams, iterated on ideas, got feedback from experts, and finished their hacks. See all *116* projects here:

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Josh Stark

@0xstark

3 years

Coming to your timeline in 2023: Bitcoin was the original DAO. 💬 10.4 ♻︎ 2.2K ❤︎ 1.7K

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Josh Stark

@0xstark

2 years

happy birthday to @ethereum 's PoS mechanism, the beacon chain - 365 days live - 263,605 validators - $40 billion in staked ETH

Josh Stark

@0xstark

3 years

shout it from the rooftops happy beacon chain day, @ethereum

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Josh Stark

@0xstark

8 months

A blockchain's transaction capacity is equal to the capacity of its L1 plus the capacity of all L2s under its security.

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Josh Stark

@0xstark

5 years

"Uniswap is only 12 months old" is a great illustration of the time-dilation effect in crypto, and the pace of innovation in the Ethereum ecosystem. many happy returns, 🦄 @UniswapExchange

hayden.eth 🦄

@haydenzadams

5 years

🦄Today its been exactly 1 year since the launch of @UniswapExchange ! To celebrate, I'm publishing V0 of the Uniswap Birthday Blog series. In it I describe Uniswap's origin. The the hard work, the chance, and the many people who helped along the way 1/

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Josh Stark

@0xstark

3 years

who's building the metrics site that compares @ethereum 's L2s?

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Josh Stark

@0xstark

4 years

@mflaxman 0. In short, both bitcoin and ethereum’s monetary policy is “minimum necessary issuance” - it’s just that Bitcoin hasn’t admitted that yet

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Josh Stark

@0xstark

2 years

The rules of the Ethereum protocol are enforced by full nodes and the software they run. Neither a majority of stake nor a majority in PoW can force a node to accept an invalid transaction, or force a node to change their software.

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Josh Stark

@0xstark

3 years

👀 well that's new @CoinMarketCap

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Josh Stark

@0xstark

3 years

To apply, follow the instructions in the job description and answer this question: What is the most important thing that happened in Ethereum in 2021, and why? Your answer cannot be anything directly related to NFTs or DeFi.

Research Intern

About the Ethereum Foundation The Ethereum Foundation (EF) is a global non-profit organization dedicated to supporting Ethereum and related technologies. Our mission is to do what is best for...

ethereum.bamboohr.com

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Josh Stark

@0xstark

5 years

"Ethereum is different, and should be different too. It isn't a typical product site, because it isn't selling you something. This is a site for a community that is busy getting things done: on-boarding, educating, and building."

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Josh Stark

@0xstark

5 years

congrats @cosmos !

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Josh Stark

@0xstark

2 years

The rules of the Ethereum protocol are enforced by full nodes and the software they run. Neither a majority of stake in PoS nor a majority in PoW can break those rules, or force them to change.

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Josh Stark

@0xstark

7 months

a remarkably consistent metric over the last 4 years is the growth of non-english traffic to @ethdotorg

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Josh Stark

@0xstark

4 years

next time someone tells you "Ethereum keeps shifting its narrative", remind them that the 2nd application area listed in the whitepaper was "stable value currencies"

Ryan Watkins

@RyanWatkins_

4 years

Value transfer on Ethereum just reached parity with Bitcoin. This is a story of the explosion of stablecoins in Q1 2020. 1/

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Josh Stark

@0xstark

2 months

Congrats to the many, many people across the global Ethereum community who contributed in big and small ways to Dencun! It takes an ecosystem to grow a protocol 🌱

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Josh Stark

@0xstark

5 years

🌍 blown away by the stats from @ETHCapeTown : - 69% of hackers were from South Africa (!) - 42% of hackers were new to ethereum, another 15% were beginners - 144 hackers attended, 32 hacks submitted find all the hacks here 👉

ETHCapetown

Building a culture of innovation in the beautiful tech hub of Cape Town, South Africa.

ethcapetown.devpost.com

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Josh Stark

@0xstark

2 years

5. You can't just abstract away which blockchain you are using, because blockchains - like construction materials or lawyers - are not equivalent and interchangeable. A database controlled by a company can call itself a blockchain and even act like one, until it matters.

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Josh Stark

@0xstark

2 years

👋 hey twitter! We're creating a guide to joining the @ethereum ecosystem. This will be sent out to 1000+ people who applied for an EF internship, and shared broadly with the community. Help us make it great - here's what we have so far: 👇📝

DRAFT: How to get started in the Ethereum Ecosystem

docs.google.com

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Josh Stark

@0xstark

4 years

these goalposts just broke the sound barrier

Zack Voell

@zackvoell

4 years

I'm seeing lots of tweets celebrating Uniswap volume passing Coinbase volume. So an exchange with over 13,000 markets just barely passed volume of an exchange with 93 markets? Incredible. Wow.

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Josh Stark

@0xstark

2 years

👋 hey anon - critical merge-related bugs are worth $1 million USD until Sept 8th (and getting on the leaderboard: ✨priceless✨)

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Josh Stark

@0xstark

3 years

🦄 $1 million allocated to 25 projects, in categories like: - Community & education (guides en Espagnol!) - New tooling (easier staking on MacOS!) - Data analysis/viz (FOSS explorers!) - Research (Eth2 on ARM!)

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Josh Stark

@0xstark

2 years

A blockchain's transaction capacity is equal to the capacity of its L1 plus the capacity of all L2s under it's security

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Josh Stark

@0xstark

2 years

✅ total value secured by Ethereum has flipped Bitcoin: - Ethereum (ETH + ERC20s + NFTs): ~$432 billion - Bitcoin (BTC + USDT on Omni): ~$415.8 billion

Josh Stark

@0xstark

2 years

91% total value secured flippening: - Bitcoin: ~$438 billion - Ethereum: ~$400 billion

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Josh Stark

@0xstark

5 years

for no reason in particular, a reminder that the @ethereum foundation has earmarked $8mm in funding for supporting Ethereum 1.0, which includes many of the "ETH 1.X" initiatives

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