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ℳiLLiΞ X

@llamaonthebrink

7,309
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1,259
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15,804
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Crypto Philosopher | @synthetix_io Spartan Council

onchain
Joined June 2020
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@llamaonthebrink
ℳiLLiΞ X
11 months
The entire industry should unite in support of @coinbase against the SEC When TornadoCash was sanctioned, Coinbase took action by suing the Treasury, standing up for the protection of Americans' free speech rights, even though they were not directly invested in TC Coinbase
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@Pledditor
Pledditor
1 year
. @brian_armstrong squirms and gives a non-answer when asked if @Coinbase invests in projects that they later list to trade for retail customers (they do)
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@llamaonthebrink
ℳiLLiΞ X
1 year
hey @mdudas , you forgot to log into your alt kek
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@llamaonthebrink
ℳiLLiΞ X
1 year
Coinbase is making a Request for Builders on their L2 and one of the products they want to incubate is a non-fiat pegged stable 👀
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@llamaonthebrink
ℳiLLiΞ X
5 months
Ansem is one of the biggest clowns in this industry and Soylana pumping doesn't change that for a second this dude shilled y'all LUNA at the peeko top and mfs are still out here buying what he sells good luck with your SOL eco bags if you follow this fool kek
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@llamaonthebrink
ℳiLLiΞ X
3 months
2024 be like
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@llamaonthebrink
ℳiLLiΞ X
2 years
Uniswap has a 1M $OP allocation from @optimismPBC with the condition that Uniswap gov creates a proposal for the $OP distribution for how it will be used to grow the Optimism ecosystem Only they've yet to submit a proposal and the deadline was May 27th
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@llamaonthebrink
ℳiLLiΞ X
4 months
At timestamp 00:10:20 or so, @hosseeb is talking about ETH client diversity and misinterprets the implications of it. From there, the rest of the hosts give takes which imo are uninformed as to the necessity of multiple clients. Here is a breakdown of what they're missing:
@hosseeb
Haseeb >|<
4 months
Tune into the latest @_choppingblock episode with yours truly, @tarunchitra , @tomhschmidt , & @rleshner where we explore: • Ethereum's Client Diversity drama 🌐 • The Impact of Data Availability 💡 • Solana vs. Ethereum?? 🥊 Episode is out now! 👇
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@llamaonthebrink
ℳiLLiΞ X
10 days
ETH is in an interesting place. Hated by the government. Hated by VCs. Hated by OG Bitcoiners. Hated by LVR stans. Hated by Latency Bros. Hated by HFT simps. Hated by USDC simps. Hated by influenzas who are risk on <20% of the time. ETH is the only crypto project to *ever* be
@antiprosynth
antiprosynthesis.eth ⟠
10 days
The anti-ETH campaigning behind the scenes is something to behold. These people *really* don't want ETH to succeed. And the motive is so obviously self-serving and short-termist. Ethereum doesn't care. But the market is clearly in a Brandolini's law-induced psychosis right now.
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@llamaonthebrink
ℳiLLiΞ X
3 months
>Cries in billionaire “Wanna help ethereum?” “Airdrop the users who pay 15bps to use my front end which goes to hire lawyers and advisors to protect my brand from ever being devalued while the token that made me a billionaire goes to zero”
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@llamaonthebrink
ℳiLLiΞ X
2 months
And after blobs it's officially cheaper to tx on Optimism than Solana. Long live Rollups. Long Live Ethereum✌️🏼
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@llamaonthebrink
ℳiLLiΞ X
2 months
I remember right around this time in 2021 there was a large migration of users to BSC because it cost $2 for txs there and we didn't have any general purpose rollups live yet. Heck even Polygon PoS was hardly live. Fast forward to today and there are nearly a dozen rollups and
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@llamaonthebrink
ℳiLLiΞ X
4 months
I used to think that the USD is the top boss for Crypto to beat. But I since realized that's not immediately crucial and by the time crypto is competing with the dollar, it must have already won. The main (reputable) currency most at risk of being dethroned, imo, is the EURO.
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@llamaonthebrink
ℳiLLiΞ X
4 months
Taking this opportunity to give a shout out to all the rollup teams who've stuck to their mission for years now: @arbitrum - for being the first production rollup to ship public mainnet in 2021 and being the first to achieve stage 1 decentralization. The market also recognizes
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@llamaonthebrink
ℳiLLiΞ X
2 months
This has to be the lowest IQ comparison that ppl can come up with. Ppl are desperate to use analogies they understand when assessing things they don't. what no one mentions is that most L1s are actually maxxing out their throughput gains already. They don't have a path to scale
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@llamaonthebrink
ℳiLLiΞ X
5 months
There are a lot of reasonable ppl in the ethereum community like Sassano, Aftab, and plenty of builders. I am not one of those ppl. Fuck all the fraud alt L1s and their fraudulent founders. Fuck the centralized stablecoin simps. Fuck all the clever influenzas continually dump
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@llamaonthebrink
ℳiLLiΞ X
5 months
Ahhh yes another Selkis year in report, how lovely! Here's a little flashback to his report from a couple years ago filled with promising opportunities like Luna, Ohm, DeFi 2.0, ETH killers and much more! mf really tried to call "DeFi 2.0" infrastructure kek
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@WuBlockchain
Wu Blockchain
5 months
Messari disclosed its analyst positions in the 2024 trend report: they are generally bullish on Bitcoin, Solana and AI tokens. Most of them hold SOL or related tokens, followed by AI tokens such as OLAS\AKT\TAO\RNDR. Messari is bearish on ETH in the report, but most analysts
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@llamaonthebrink
ℳiLLiΞ X
2 months
Anyone saying that "rollup txs won't stay under 1c for long you just watch blah blah" is missing the bigger picture. Even with a substantial increase from here due to blob competition or proving costs or a sharp rise in ETH price, etc. it doesn't matter. What matters is that
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@llamaonthebrink
ℳiLLiΞ X
2 months
It's still pretty puzzling to me that ppl can be bearish ETH even when 90% of the ideas in this industry stem from concepts that Ethereum pioneered and that 90% of the industry is either building on or 'competing' with Ethereum. There isn't a universe where crypto succeeds and
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@llamaonthebrink
ℳiLLiΞ X
23 days
My biggest quarrel with Bitcoin is that you can’t use it as collateral permissionlessly. The simple fact that ETH enables DeFi natively is what makes it better than BTC. Sure Bitcoin has a very compelling story behind it, but ignoring that, ETH is a superior asset imo.
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@llamaonthebrink
ℳiLLiΞ X
5 months
The more Salami takes I read, The more I realize he doesn’t know wtf he’s talking about. Few ppl can spend almost a decade entrenched in an industry and still not grasp it. Kyle Salami is one of those ppl. Fade everything he says.
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@llamaonthebrink
ℳiLLiΞ X
4 months
The ultimate purpose of Crypto and where "value" accrues the most: Common point of discussion these days is; Where will value accrue between the various layers that make up blockchains? A good starting point is to first identify what the purpose of crypto even is, and why ppl
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@llamaonthebrink
ℳiLLiΞ X
1 month
The EF raised $18M to fund and develop an entirely new blockchain concept from scratch, in just 19 months. The first ever smart contract chain. A decade later, with everything we know today, projects need to raise $200M to deliver some optimized iterations of that original idea.
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@llamaonthebrink
ℳiLLiΞ X
5 months
A major red flag for me is seeing an L1 trying to act like a business. Businesses are very simple constructs. They are dictatorships. They optimize for one thing: their bottom line. Blockchains (particularly L1s) do NOT optimize for the bottom line. They optimize for
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@llamaonthebrink
ℳiLLiΞ X
1 month
Wen you loading up a 269 post thread🧵 @adamscochran
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@llamaonthebrink
ℳiLLiΞ X
4 months
The Blockchain Trilemma is a philosophical concept which provides an incredibly accurate depiction of the the behaviour of blockchains. The CAP theorem and the DLS model are basically the most quoted distributed computing concepts that we see. Blockchains were actually not
@0xMert_
mert | helius | hSOL
4 months
the blockchain trilemma isn't real certainly not remotely as real as something as rigorous and fundamental as the CAP theorem it's a loose framework on a random blog post by Vitalik to justify sharding years ago it is crazy how often this thing still gets misused even Dankrad
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@llamaonthebrink
ℳiLLiΞ X
1 month
Why does ARB always under perform OP? Interesting dynamic given that Arbitrum is by far the biggest player among rollups.
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@llamaonthebrink
ℳiLLiΞ X
2 months
I actually think ETH core devs are probably the only major blockchain devs who are in touch with reality tbh Every other team really just operates under the assumption that their chain won’t be subject to adversarial conditions or regulatory capture eventually
@sassal0x
sassal.eth/acc 🦇🔊
2 months
There is this perverse narrative on CT that Ethereum core devs are somehow "out of touch", sit in an "ivory tower" and don't understand the "perils of the users". This narrative really annoys me because I've met and talked to various core devs/researchers over the years and they
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@llamaonthebrink
ℳiLLiΞ X
2 years
Tho the market is in turmoil, SNX stakers just had their most profitable week from trading fees Fees are currently sitting at 97.8% annualized with zero subsidies Despite $SNX being down from it's ATH of $28 to now $1.8, the protocol is not only functioning but also thriving🚀
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@llamaonthebrink
ℳiLLiΞ X
4 months
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@llamaonthebrink
ℳiLLiΞ X
4 months
Ansem is one of the biggest retards on this app who shilled LUNA at the piko top to all his followers I feel for many ppl who were victims of UST and Do Kwon, but Ansem was not one of those ppl A scammer first, a shitcoin shill second. Follow him for tips on how to lose it all.
@EthDreamer
Mark (ethDreamer.eth) 🦇🔊
4 months
holy shit this is your brain on solana
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@llamaonthebrink
ℳiLLiΞ X
5 months
A troubling trend that the solano bros are accelerating is the idea that crypto's main use case is USD payments You'd think I don't need to spell out the fact that crypto was meant to replace state issued money... But here we are. When all stablecoins eventually rug
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@llamaonthebrink
ℳiLLiΞ X
4 months
If geth reliance falls below 66%, the last (systemically risky) centralized component of Ethereum will have decentralized Shout out to everyone who's been preaching about client diversity ✊
@CoinbaseDev
Coinbase Developer Platform🛡️
4 months
1/ Execution client diversity on Ethereum is a critical concern for all of us at Coinbase. Here’s what we’re doing about it. ↓
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@llamaonthebrink
ℳiLLiΞ X
4 months
This guy honestly must have a dent where his brain's supposed to be and it sounds like he's the one who's never built jack shit in his life Jupiter team takes 50% of the token supply for them selves ($2.8B at current value) and cashed out roughly 1/8th of solano's entire TVL
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@llamaonthebrink
ℳiLLiΞ X
1 year
Oh you think Lido has a monopoly? That’s soo cute!☺️ Now let me introduce you to some *real* web3 monopolies: -Tether -Circle -Chainlink All of the above have more power over eth consensus than Lido does, without staking a single ETH! Prove me wrong… pro tip, you can’t
@llamaonthebrink
ℳiLLiΞ X
1 year
I'm full out Lido monopoly denyooor Even if Lido DAO isn't smart enough to not become the easiest attack vector for the entire ETH network, the market will begin discounting stETH as it realizes how clear an attack vector Lido's governance is basic blonkchain game theory 🤓
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@llamaonthebrink
ℳiLLiΞ X
4 months
It's funny how no L1 community except for the Ethereum community even acknowledge the fact that there are serious down stream centralization risks for smart contract chains, much less have plans to mitigate the effects Centralization from MEV capture Centralization from
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@llamaonthebrink
ℳiLLiΞ X
2 months
The same ppl who simped for 3ac and ftx/sbf are shilling you the “eth roadmap is too complex” narrative Lesson there
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@llamaonthebrink
ℳiLLiΞ X
5 months
What ppl don't realize when they say that "Ethbros are the BTC maxis of this cycle," is how bearish that is for alt L1s The main BTC maxi critiques of Ethereum are actually well grounded. They say: - ETH's credible neutrality is effected by the fact that it has known founders
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@llamaonthebrink
ℳiLLiΞ X
4 months
This is an extremely unrealistic view imo The odds of Ethereum or even a rollup (which doesn't have forkability) being used as the "general ledger" for tokenized tradfi instruments is pretty much zero In fact no general execution layer would be used for such a thing. The most
@econoar
eric.eth
4 months
Larry Fink wants to tokenize stocks, bonds, every financial asset he can. What platform do you think BlackRock wants to do this on? Ethereum.
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@llamaonthebrink
ℳiLLiΞ X
3 months
I'm a big Hasu fan but I'll never forget the UCC episode in 2021 with suzhu when su said that Synthetix chose the worst scaling solution by building on Optimism and that it was the same thing as Luna. Not only did Hasu agree with that sentiment but he also repeated it on twitter
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@llamaonthebrink
ℳiLLiΞ X
4 months
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@llamaonthebrink
ℳiLLiΞ X
2 months
This entire thread is completely loaded The EF does not have any "personal/sensitive data" to give out and all ICO participant addresses were public info with nothing confidential attached absolute state of these threadoooors
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@Husslin_
huss 🌊 🟦
2 months
🚨🚨🚨 ETHEREUM FOUNDATION SUBPOENAED FOR THE FIRST TIME IN ITS HISTORY; ETF REJECTION INEVITABLE? NFA; read below for my analysis and opinion The Facts - The foundation has removed the Warrant Canary from its website, indicating in a Github repository that they have been
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@llamaonthebrink
ℳiLLiΞ X
5 months
Incase y’all need to hear this ETH pa has nothing to do with CT sentiment. It’s way bigger than CT at this point. What I and a few ETH maxis say about it doesn’t change anything. What Soybros say doesn’t mean anything. Our sentiment means nothing. Ethereum is hard money.
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@llamaonthebrink
ℳiLLiΞ X
2 months
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@llamaonthebrink
ℳiLLiΞ X
5 months
Ethereum UX is an order of magnitude better than any other chain Literally only two things ppl cry about: - high fees (fine I get it) - token approvals (stfu this is pure cope) Everything else is fucking beautiful.
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@llamaonthebrink
ℳiLLiΞ X
4 months
This is a problem I've spoken about many times before. Ppl will eventually realize that the cost to transact on an L1 is *supposed* to be high as a spam deterrence gadget. Every single L1 will eventually converge on relatively high fees. The issue is that some of them will do
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@llamaonthebrink
ℳiLLiΞ X
1 year
Hot Take: MakerDAO is already insolvent and DAI is already unbacked, you just don't know it yet Does anyone really think any of the RWA assets backing DAI can be redeemed? ...Don't believe me? Okay, go ahead and try making a proposal to have some withdrawn lol
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@llamaonthebrink
ℳiLLiΞ X
1 month
Monad is going to transition to an L2 eventually. It’s almost 100% likely.
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@llamaonthebrink
ℳiLLiΞ X
6 months
Every alt L1 founder
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@llamaonthebrink
ℳiLLiΞ X
4 months
Don't mind this bruv, his skull is about as empty as those cabinets behind him
@AltcoinDailyio
Altcoin Daily
4 months
Bitcoin company CEO fuds Ethereum hard:
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@llamaonthebrink
ℳiLLiΞ X
5 months
If there is one thing I learned from vitamin's recent blog post, it's that Ethereum has no narrative. And that's its super power.
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@llamaonthebrink
ℳiLLiΞ X
2 months
I don’t hate on altL1s simply because they are altL1s What puts me off about them and their respective communities is how they always attempt to trivialize crucial aspects of the limitations of blockchains to justify their trade offs. An easy example is tx fees. Blockchain
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@llamaonthebrink
ℳiLLiΞ X
6 months
I’ve come to the conclusion the SOL trade is not only a feeble one at this point but also that the narrative is falling apart None of the Solana talking points stick, I can pick each and every one of them apart Who tf would want to be long some alt chain begging for adoption at
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@llamaonthebrink
ℳiLLiΞ X
5 months
I wish eth didn’t have a main character but vitamin will always fill that role. And if he makes a break through in longevity research, we’ll be stuck with him forever lol The narrative is simple: ETH is programmable money. ETH has better monetary properties than any asset in
@Shaughnessy119
Tommy
5 months
ETH's issue is simple: No main character or clear narrative
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@llamaonthebrink
ℳiLLiΞ X
2 months
This @apolynya blog post is exactly 2 years old yet relevant af today Literally predicted the current timeline in March 2022
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@llamaonthebrink
ℳiLLiΞ X
5 months
This guy is actually mentally retarded how tf is he managing a fund with LPs >MEV is *by far* the most important value driver for an asset ledger No mfer. The most important value driver for an asset ledger is the security of the ledger (which is be undermined by too much MEV)
@KyleSamani
Integrated Kyle e/acc
5 months
@sgoldfed Well 1) all of these things are distinct asset ledgers. They are explicitly not Ethereum 2) they all have centralized back doors for their canonical bridges (it would be irresponsible of them not for the time being) 3) they are all explicitly parasitic to Ethereum since they
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@llamaonthebrink
ℳiLLiΞ X
1 year
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@gabrielleydon
Gabriel Leydon
1 year
Here’s a sneak peek of all of the @DigiDaigaku Dark Spirit crafting possibilities for potions. 🤣
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@llamaonthebrink
ℳiLLiΞ X
5 months
One thing I’ve learned over the years is that, Even if you’re the biggest in-it-for-the-tech fanatic, a straight line up on a chart will have you second guessing your choices It’s too human to emotionally react to prices and everyone does so in their own ways Some ppl respond
@gakonst
Georgios Konstantopoulos
5 months
we took on a lot of complexity in Ethereum. as the crypto world grows we'll learn whether that was necessary or if we just made things complicated and wanted to invent fancy solutions. i am still on the "necessary evil" camp but open to changing my mind in 2024 about it.
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@llamaonthebrink
ℳiLLiΞ X
5 months
Thorchain but with restaked ETH securing validators
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@llamaonthebrink
ℳiLLiΞ X
7 months
Three totally, completely, absolutely separate entities
@dYdX
dYdX
7 months
There are now several entities all building on dYdX, each with its own TLD: .exchange: dYdX Trading Inc., core devs & hosting v3 .foundation: @dydxfoundation , governance and created $DYDX .trade: @dydx_ops_subdao , hosting key infra & frontends for deployment of the dYdX Chain
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@llamaonthebrink
ℳiLLiΞ X
4 months
I’m starting to realize that this cycle’s wealth reset is going to come from over allocated funds, influenzas and VCs pivoting to ETH killers with the same fate as EOS, NEO and ADA, while new entrants strive in Ethereum’s flourishing economy from the countless opportunities GM✊
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@llamaonthebrink
ℳiLLiΞ X
3 months
It would be poetic if ETH price is $4844 on Dencun day The most entertaining outcome is the most likely
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@llamaonthebrink
ℳiLLiΞ X
5 months
werent these guys literally writing threads about solana killing eth a week ago 🤡
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@llamaonthebrink
ℳiLLiΞ X
4 months
The ETH whitepaper was written 10 years ago, and since then has been consistently improving and delivering on all concepts that it pioneered, in a decentralized fashion. All while managing to achieve sustainability at the same time. What's there not to be impressed about?
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ℳiLLiΞ X
5 months
Honestly Multicoin has to be the best example of how extractive VCs are in this space. That fund has done nothing but promote the worst monetizable ideas possible, shill rugs, spread mis info and make this industry look like a circus. All while continuing to get access to new
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@llamaonthebrink
ℳiLLiΞ X
5 months
In all my years in crypto I have never seen vitamin or justin drake or even joe lubin brag about onchain dex, NFT, or stablecoin transfer volumes, much less a marginal rise in such metrics Meanwhile that's literally all the soylana leadership cares about - fluffy metrics "let's
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@llamaonthebrink
ℳiLLiΞ X
2 years
@ShenLucinda it's too late, they'll never catch him
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@llamaonthebrink
ℳiLLiΞ X
2 months
Cheering for altL1s is like cheering for Ripple or Litecoin in 2017. Why would anyone who truly believes in crypto values do that? AltL1s make all the wrong tradeoffs and sacrifice most of the values this industry was built on just to sell you their VC narratives.
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@llamaonthebrink
ℳiLLiΞ X
2 months
I remember right around this time in 2021 there was a large migration of users to BSC because it cost $2 for txs there and we didn't have any general purpose rollups live yet. Heck even Polygon PoS was hardly live. Fast forward to today and there are nearly a dozen rollups and
@econoar
eric.eth
2 months
I'm personally here to help build an indestructible and immutable platform for programmable, sound money. The first the world has ever seen. One that anyone in the world can build on, access and validate This vision is measured in decades, not months This vision is Ethereum
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ℳiLLiΞ X
5 months
Everyone likes the "idea" of decentralization But when something is actually decentralized they complain about lack of narratives and slow moving improvements In my experience what those ppl really want is endless subsidies, promises of future decentralization and whatever is
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@llamaonthebrink
ℳiLLiΞ X
9 days
Author: “Is cryptocurrency really that important to you?” Crypto ppl: Yes.
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ℳiLLiΞ X
4 months
Who'd have thought that once again being an ETH head would be counter culture within the crypto industry, But here we are. I guess Ethereum is cypher punk again after all🥷
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@llamaonthebrink
ℳiLLiΞ X
3 months
I am also critical of Bankless folks at times, but they get a bit too much heat for simply covering the Eth ecosystem thoroughly Yeah banklessDAO was in poor taste at the end of the day, but I'm not sure they deserve all the shade thrown at them tbh
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@llamaonthebrink
ℳiLLiΞ X
4 months
I have no issue with farcaster but it’s somewhat of an eco chamber tbh X is still the town square and the place that’s most in need of crypto literacy Ignoring this market will just further seclude our dialogues to channels which are least impactful At least for the time being
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@llamaonthebrink
ℳiLLiΞ X
4 months
I hope LINK breaks out so that there’s interest in the oracle space again There isn’t a world where half a dozen of centralized alt-L1 chains should be worth more than Chainlink given how reliant all those chains are on its service We need more oracle competition and that only
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@llamaonthebrink
ℳiLLiΞ X
1 year
@0xngmi Imo there is very little chance that the picture taken is what resulted in the funds being lost Given they met in person it’s far more likely that they mistakenly gave physical access to their seed on one of their devices u knowingly OR they were keylogged
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ℳiLLiΞ X
5 months
The absolute very first thing: There is way too much reliance from founding teams on raising outside capital with private rounds. ETH was crowd funded and we should return to that concept as an industry despite the regulatory challenges. Too many rollups launch with an
@llamaonthebrink
ℳiLLiΞ X
5 months
Alright It's time for a pivot from me. I've been bull posting ETH hard because I wanted make spread the gospel. But now that I think sentiment around ETH has bottomed, I'm going to start talking about all of the ecosystem's short comings and how it can improve. Stay tuned 🫡
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ℳiLLiΞ X
1 year
I think it's time for some transparency. ' @optimismFND should publicly state what the obstacle is to giving @CurveFinance their Governance approved $OP allocation Token Holders voted and they deserve transparency as to why the Optimism legal team is blocking the distribution
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@llamaonthebrink
ℳiLLiΞ X
4 months
Someone explain to me why DePin makes sense Because it really gives major 2017 era dental services but on the blonkchain vibes
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@llamaonthebrink
ℳiLLiΞ X
5 months
For the millionth time, L1s are not businesses. Layer one fees are NOT revenue!! Do not model the fees using DCF. Do not form a business philosophy around those fees. L1 fee are anti-spam gadgets. They are there to secure the chain from ddos attacks. They either balance or
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@llamaonthebrink
ℳiLLiΞ X
4 months
Everyone talks about client diversity but no one talks about Oracle Diversity A single multi-sig controls literally $27B in capital and pushes prices from trusted APIs The Oracle with the best tech is a Jump-Trading totally separate entity The entire space is at their whims
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@llamaonthebrink
ℳiLLiΞ X
4 months
Some trendy things that the cool "rational" bros like saying these days: - Decentralization doesn't matter (lol imagine being that naive) - Why are there so many rollups bro? (why are there so many L1s, bro?) - If it pumped in q4 2023 it's the answer to everything (Ever
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@llamaonthebrink
ℳiLLiΞ X
2 years
I think the fact that they haven't even bothered to submit anything is very disheartening tbh Not even @uniswapgrants submitted anything to the effect of using the OP for public goods funding I'm assuming their inactive gov either doesn't give a damn or expects to get it anyway
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@llamaonthebrink
ℳiLLiΞ X
2 months
Jump is one of the most dangerous outfits in all of crypto. They also have deep pockets and they're quite competent. Some of their products like Pyth are pretty good but I'm a bit weary of how well integrated they're becoming in the industry. Study profit maxi extractooors..
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@llamaonthebrink
ℳiLLiΞ X
2 months
the ppl who want to see solano out perform ETH are the same ppl who desperately want to boast that decentralization doesn't matter they actually don't think much of this industry besides scalping ponzis
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@llamaonthebrink
ℳiLLiΞ X
4 months
I just realized that all the time I spent arguing with soybalony bros was a complete waste lol There is zero chance that shit ever competes with Ethereum In fact it probably only loses market share from now on to other fast chains running the same cheap marketing playbook 🧸🎯
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@llamaonthebrink
ℳiLLiΞ X
2 months
tl;dr on why Maker is raising rates: - DAI is experiencing a selloff because DeFi rates > Tbill rates, rendering the DSR ineffective - vault owners are borrowing then selling DAI to farm Ethena and other high yield opportunities at an accelerated pace - PSM is in offchain
@MakerDAO
Maker
2 months
Due to the recent market volatility conditions, an Accelerated Proposal has been put forth for an Executive Vote to prepare the Maker Protocol for a potential excessive Dai demand shock caused by further bullish sentiment. The Maker Protocol is working as expected, maintaining
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@llamaonthebrink
ℳiLLiΞ X
2 years
$LYRA token goes live in a few days, you can still earn it by buying/selling options 4 different expiries variety of strike prices tons of depth amazing UI/UX buy/sell $BTC $ETH $LINK options now @lyrafinance Layer 2 Money LEGO 💵🧩⚙️
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@llamaonthebrink
ℳiLLiΞ X
4 months
Dang this is actually pretty scary and it's also the main reason I don't stake any ETH Raw ETH maxi 4lyfe ps - this is pretty scary for CEXs as well but they would likely be able to mitigate quickly enough to cover any losses given how well capitalized they are
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@drjasper_eth
jasperthefriendlyghost.eth
4 months
@MevRefund @0xfoobar It would be scenario 3 because it’s a supermajority
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@llamaonthebrink
ℳiLLiΞ X
1 month
The Uniswap lawsuit will be one of the strongest uniting forces among the crypto community that we’ve ever seen. Everyone in the industry understands that Uniswap embodies the spirit of decentralization, the power of defi, and freedom of speech. All causes worth fighting for.
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@llamaonthebrink
ℳiLLiΞ X
4 months
This is fucking dystopian as fuck They're literally trying to KYC the internet before our eyes 😬
@PiQSuite
PiQ
4 months
⚠️ EXCLUSIVE-US TO PROPOSE 'KNOW YOUR CUSTOMER' REQUIREMENTS FOR CLOUD COMPUTING COMPANIES (Reuters) U.S Commerce Secretary Gina Raimondo said on Friday the Biden administration will soon propose "know your customer" requirements for cloud companies aimed at finding out who is
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@llamaonthebrink
ℳiLLiΞ X
4 months
The biggest mistake that soybalony bruvs like mert make is thinking I'm gonna play nice and modest like the rest of the ETH community😂 No mfer. I'm gonna call all you grifters out with pure venom. I don't need to make cozy with anyone who doesn't believe in this industry.
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@llamaonthebrink
ℳiLLiΞ X
4 months
I give up Proceed with the tokenized tradfi on ETH narrative Just don't be shocked when it doesn't happen lol
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@llamaonthebrink
ℳiLLiΞ X
21 days
So now we know why ETH underperformed BTC for all of 2023 Insiders knew.
@Dogetoshi
Steven
21 days
The SEC is sitting on A LOT of information subpoenaed from Consensys.
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@llamaonthebrink
ℳiLLiΞ X
3 months
It's fascinating to observe the absolute reluctance from crypto natives and degens to shill gov tokens these days. They'll shill memecoins, low-float high fdv L1 coins, AI coins that do nothing, etc. but you'll rarely see them shill gov tokens or DeFi anymore. It probably says
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@llamaonthebrink
ℳiLLiΞ X
4 months
Calling Celestia an Ethereum competitor is like calling windshield manufactures a competitor to Toyota There’s a lot more to a car than windows lol If a Toyota assembly plant outsourced its windows to a local windshield manufacturer, is Toyota competing with that manufacturer?
@llamaonthebrink
ℳiLLiΞ X
4 months
@0xMert_ Full danksharding is necessary for statelessness post PBS It’s so that validators can run extremely low hardware and eventually stake as little as 1 ETH to attest to blocks Builders become responsible for maintaining state and run the necessary hardware validators use
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@llamaonthebrink
ℳiLLiΞ X
6 months
If soylana bros even had an ounce of cypherpunk or anti-establishmentness in them, I would take them much more seriously Believe it or not those are requisites to successfully building in crypto imo
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@llamaonthebrink
ℳiLLiΞ X
4 months
Confession: I spent the past week reading all of Polynya's Medium blog posts from 2021-2022 Yep, I was too much of a degen to digest his content back then What's most interesting is that I've essentially formed very similar opinions over time without any of the technical
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@llamaonthebrink
ℳiLLiΞ X
2 months
An impressive thing about Ethereum is that there are discussions about the staking rate and issuance curve this early on. No other chain even acknowledges these things as issues, let alone tries to address them in any way. Every PoS chain will need to reason about the
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@llamaonthebrink
ℳiLLiΞ X
4 months
i think @0xMert_ just might be the biggest loser on this app lol calls him self an engineer but can't even carry a discussion without spewing straight up lies lol There is nothing more bearish for soybalony than the leadership btw this is the dude that said crypto has no pmf
@llamaonthebrink
ℳiLLiΞ X
4 months
These are the clowns representing soybalony lol First three sentences are straight up lies that can be proven wrong with three screenshots How long will it take for others to realize that 99% of the shit this fool says is also lies?
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@llamaonthebrink
ℳiLLiΞ X
3 months
This is what delusion looks like frens >rollups on bitscorn The only thing Monad, Sui, Aptos will do is kill whatever vapor hype soybaloney had
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@llamaonthebrink
ℳiLLiΞ X
2 months
Optimism really did the Eth community a huge service by keeping their entire code base open source Thanks to them deploying a rollup for your experiment or app will be easy and as secure as deploying a smart contract
@Optimism
Optimism
2 months
💡Why does open source matter? Open sourcing ensures transparency, security through community review, and encourages innovation by allowing anyone, anywhere to contribute and improve on the system.
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