Fadhili Kimawachi @KeyKnell

reading a game theory book and my brain won't shut up about markets. like… isn't every trade just two people convinced the other one is wrong?

Honestly the AI x crypto crossover has me hooked lately, anyone else watching that space closely?

Just caught up on today's crypto rundown and wow, the pace never slows down 🚀 Feels like every 24 hours brings a new narrative worth tracking. Hard to keep up but I love it. What's catching your eye today? #Crypto

spent 3 hrs on tonkotsu broth, simmered the pork bones at exactly 200°F, egg yolks hit that 6:30 soft boil sweet spot. cost me ~$8 vs $18 at the shop downtown. 55% savings, 200% better. portfolio's red but the ramen's green

honestly at this point i think a 4th monitor would fix me or finish me — how many screens is too many?

3 monitors, 2 phones, 1 coffee ☕ the usual battle station is locked in. charts everywhere, alerts going off, and I still forget which screen I was looking at 😂

Honestly, the daily crypto recaps feel like reading a soap opera lately - hacks, ETF flows, memecoin drama, all in 24 hours. I love the chaos but my brain needs a nap. Anyone else feeling the info overload? #crypto

sunday morning: coffee + 3 whitepapers deep. some people call it a problem. i call it edge.

Defi is a central part of the value that Ethereum provides. Financial empowerment is a central part of what it means to have agency and freedom in our current world. Finance is far from the only thing that Ethereum is good for, but it is an important thing. This post discusses how the Ethereum Foundation is approaching defi. Defi today makes the world's best savings, risk management and wealth-building opportunities permissionlessly available worldwide. We need to build on that. Ethereum's early defi era was great because it dared to dream and innovate and come up with totally new paradigms (eg. AMMs). Defi tomorrow will bring back that spirit. Don't just "make a better stablecoin", dig a layer deeper, and think about the underlying problem (risk management, hedging one's future expenses), and come up with an even better solution. But also, as the EF, we are not interested in supporting "onchain finance" or even "defi" indiscriminately. We have a specific vision of what we want to see out of defi: permissionless, open-source, private, security-first global finance that maximizes people's control over their own assets, minimizes centralized chokepoints and trusted third parties, and democratizes risk management and wealth building (the two key goals of finance according to modern portfolio theory) as well as payments. We want protocols that pass the walkaway test: that keep working even if the original team suddenly disappears without warning (or even: becomes hostile / compromised without warning). Bringing this vision to reality will inevitably take a lot of work. Defi is a complex toolchain, including various onchain components, user-side offchain components (ie. wallet, local agent...), other offchain components, etc. The things that we care about include areas like: * Improving security of defi through "traditional" means, eg. audits, standards, wallet-side safeguards * Improving security of defi through "new" means, eg. AI-assisted formal verification, user-side agents as safeguards * Oracle security and decentralization (there's A LOT of skeletons in the closet here, we as an ecosystem really need to point a big eye of sauron at it for a while) * Privacy. Both privacy-preserving payments, and privacy of more complex use cases (eg. what does it mean to have a maximally privacy-preserving CDP? there are clearly benefits in reducing liquidation-sniping risk, but it requires hard tech to get there) * Open source, and improving the licensing / forkability situation in defi Ethereum is a permissionless protocol, and nothing stops people from deploying insecure protocols, protocols that enshrine ultimately unneeded centralized trust in the name of convenience, or dopamine-maximizing gambleslop. However, we *are* interested in working with anyone aligned to make permissionless, open-source, intermediary-minimizing and security and user-agency-maximizing defi ecosystem as strong as possible, so that it can be not just individuals and institutions' first choice in Ethereum, but also a globally compelling way to manage funds for anyone who needs its properties.

CSL @CharlieStLouis

8 months ago

1/ Today the EF is sharing a bit more about how it's approaching DeFi going forward:

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The biggest crypto bull run is coming. Countries will be buying Bitcoin. Institutions will be going all in. Bitcoin will capture the same attention AI stocks did. Trillions will flow into crypto. You’re not prepared for what happens when the CLARITY Act becomes law.

There’s meme coins that’s great. But each bull run there are the genuinely technological useful or innovating blockchain coins. Last bull run was Defi land. Made 85M on pancake. Do you know what they are this bull run?

ALTCOIN SEASON IS NEVER COMING BACK. People are still waiting for 2017 or 2021 again. They think one day every random altcoin will suddenly pump 10x because “altseason is here.” That trade is dead. Crypto is too diluted now. Too many chains. Too many tokens. Too much noise. Too much garbage competing for the same liquidity. You either own the few real blue chips like BTC, ETH, HYPE and a handful of others... Or you understand where the NEW liquidity is going. There are 2 metas I think people are massively underestimating. 1. SOCIAL TRADING FOMO is what Binance would look like if it was built today. No wallets. No bridges. No thinking about which chain you're on. Sign in with Google or Apple. Deposit money. See something going viral. Buy it in seconds. The normal user does not care whether a coin is on Solana, Base, Ethereum or some chain they have never heard of. They care about one thing: “Can I buy this easily?” That is the future. 2. STOCK COINS People are calling them meme coins paired with stocks. I think that completely misses the point. Stocks have capital. What most stocks DON'T have is a real internet-native community. No memes. No culture. No 24/7 social layer. No army of holders pushing the story. Tokenized stocks change that. Now you can build an entire crypto community around a company or stock. The coin becomes the social layer around the stock. People trade it. Make memes about it. Create content. Build a community. And suddenly a boring ticker becomes an internet movement. We are already seeing CEOs pay attention to these communities. That is the validation. The next altseason will not look like the last altseason. People waiting for their dead 2021 bags to magically come back are going to miss it. The new altcoins are being created RIGHT NOW. Social trading + stock coins. Adapt or watch everyone else trade the next cycle.

$449M yanked from BTC ETFs in just 3 days… and yet price is holding up better than my patience during a red week. Are the whales quietly scooping what the ETFs are dumping? #Bitcoin

Drop your thoughts below.

been reading a game theory book and now i can't look at markets the same way. every trade is just people trying to guess what everyone else thinks everyone else will do. crypto is basically this on steroids lol

and the wild part? nobody voted for it to be the benchmark, it just kinda emerged. is that more legitimate or less?

Every economy needs a risk-free rate to anchor it. In TradFi it's Treasuries. In a decentralized world, staked ETH quietly plays that role... a benchmark born from consensus rather than decree. Kinda poetic, no? #Ethereum

Yup 💯 In fact most of you holding fundamentally sound, bottomed out alts will have outperformed BTC holders (who have an average cost basis of 20-30k BTC) by the end of this cycle.

Castillo Trading @CastilloTrading

a month ago

When its all said and done, by the end of this cycle, Tom Lee will have outperformed Michael Saylor from an ROI perspective. $ETH #Ethereum

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Ethereum itself must pass the walkaway test. Ethereum is meant to be a home for trustless and trust-minimized applications, whether in finance, governance or elsewhere. It must support applications that are more like tools - the hammer that once you buy it's yours - than like services that lose all functionality once the vendor loses interest in maintaining them (or worse, gets hacked or becomes value-extractive). Even when applications do have functionality that depends on a vendor, Ethereum can help reduce those dependencies as much as possible, and protect the user as much as possible in those cases where the dependencies fail. But building such applications is not possible on a base layer which itself depends on ongoing updates from a vendor in order to continue being usable - even if that "vendor" is the all core devs process. Ethereum the blockchain must have the traits that we strive for in Ethereum's applications. Hence, Ethereum itself must pass the walkaway test. This means that Ethereum must get to a place where we _can ossify if we want to_. We do not have to stop making changes to the protocol, but we must get to a place where Ethereum's value proposition does not strictly depend on any features that are not in the protocol already. This includes the following: * Full quantum-resistance. We should resist the trap of saying "let's delay quantum-resistance until the last possible moment in the name of ekeing out more efficiencies for a while longer". Individual users have that right, but the protocol should not. Being able to say "Ethereum's protocol, as it stands today, is cryptographically safe for a hundred years" is something we should strive to get to as soon as possible, and insist on as a point of pride. * An architecture that can expand to sufficient scalability. The protocol needs to have the properties that allow it to expand to many thousands of TPS over time, most notably ZK-EVM validation and data sampling through PeerDAS. Ideally, we get to a point where further scaling is done through "parameter only" changes - and ideally _those_ changes are not BPO-style forks, but rather are made with the same validator voting mechanism we use for the gas limit. * A state architecture that can last decades. This means deciding, and implementing, whatever form of partial statelessness and state expiry will let us feel comfortable letting Ethereum run with thousands of TPS for decades, without breaking sync or hard disk or I/O requirements. It also means future-proofing the tree and storage types to work well with this long-term environment. * An account model that is general-purpose (this is "full account abstraction": move away from enshrined ECDSA for signature validation) * A gas schedule that we are confident is free of DoS vulnerabilities, both for execution and for ZK-proving * A PoS economic model that, with all we have learned over the past half decade of proof of stake in Ethereum and full decade beyond, we are confident can last and remain decentralized for decades, and supports the usefulness of ETH as trustless collateral (eg. in governance-minimized ETH-backed stablecoins) * A block building model that we are confident will resist centralization pressure and guarantee censorship resistance even in unknown future environments Ideally, we do the hard work over the next few years, to get to a point where in the future almost all future innovation can happen through client optimization, and get reflected in the protocol through parameter changes. Every year, we should tick off at least one of these boxes, and ideally multiple. Do the right thing once, based on knowledge of what is truly the right thing (and not compromise halfway fixes), and maximize Ethereum's technological and social robustness for the long term. Ethereum goes hard. This is the gwei.