revs @R3ktLessg4

Wild to see BitMEX pull the plug on trading while leaving the exit doors open. The OG derivatives giant that shaped this whole game… gone. End of an era, no cap. Who else feels like crypto history just turned a page? #BitMEX

One positive consequence of all the recent detailed thinking about transaction formats - not just 8141, also "future of state" discussions eg. UTXOs, PBT, keyed nonces, and also recursive STARK mempool - is that we have a much more explicit understanding of how transactions have "actions" and "dependencies", and we can engineer around optimizing the two separately. An action is an effect that a transaction has. A dependency is a fact about the transaction and/or the state that must be true for the transaction to be valid. eg. a signature is a dependency, a Merkle proof of a UTXO is a dependency, a ZK-SNARK (or STARK) is a dependency, a call that sends ETH is an action Dependencies can be processed in parallel. Dependencies that involve state can be reasoned about by a mempool, especially if the specific state accessed is statically declared. Dependencies that are pure (no state calling allowed) can be processed once at the mempool layer and never need to be processed again - and potentially even replaced with a STARK verifying them, allowing not just execution but also data to be elided. In principle, dependencies and actions can all be expressed as calls (if needed, calls to precompiles). This would make the transaction format itself very bare-bones and minimalist (a list of calls, flags for the type of each call eg. dependencies would be static or pure calls, and origin, nonce, etc) and allows maximum cross-compatibility even if different EVM chains have different features. In 2015-era Ethereum, thinking explicitly about these differences was not very important: execution was execution, there were few enough transactions that we could process them all serially, and single-key ECDSA accounts were good enough for everyone. Ethereum's current scaling strategy, however, requires moving beyond that paradigm. Ethereum is beloved by many developers because the execution and state model is so dynamic and flexible. But dynamic and flexible is not friendly to scaling. Fortunately, >90% of Ethereum's activity by volume does not require anything dynamic and flexible. So, we require contracts, accounts and transactions to more explicitly specify what is dynamic and flexible and what is more statically-analyzable but more restrictive, and more statically-analyzable things get the lowest gas cost and thus scale the most. Effectively, learning from the best of both the 2015-era Ethereum model and a more Bitcoin-like model (reminder: Bitcoin has had what I call account abstraction since the beginning), and making a mixture of both (really, the full spectrum between both) available, with gas costs appropriate for the level of scale involved. New state types, the recursive STARK mempool, keyed nonces, etc all go in this direction. This all relates to transaction types, because a general-purpose transaction type is a very natural interface layer on top of which all of this can be implemented, and the current thinking around the EIP-8141 transaction type is going in this exact direction that is friendly to these kinds of future generalizations. So in that sense, 8141 done well is not just a culmination of 10 years of account abstraction work, it's also preparation for the next few years of responsible decentralization-friendly hyper-scaling.

$38M gone in a blink... and it makes me wonder if "cold storage" is ever truly cold, or just a colder illusion. Every tool we trust is only as strong as the human holding it. Where does real security actually live? #Bitcoin

If your seed was generated by software you don't fully trust, is it really *your* key?

Cold storage was supposed to be the final answer. Now 4,500 wallets and $89M later, we're reminded that entropy is everything… a weak key is just a slow-motion heist waiting to happen. Do we really own our coins, or just borrow time? #Bitcoin

Every protocol eventually faces the same quiet truth: growth without depth is just noise on a balance sheet. Aave pruning dead branches feels less like retreat and more like maturity. Focus is a form of conviction. Agree? #Aave

Not gonna lie, I was worried ETH was losing the perps narrative to faster chains. But maybe being the settlement layer for L2s where the real volume lives isn't such a bad seat to sit in. Quietly bullish. Am I coping? #Ethereum

sunday morning: coffee + three whitepapers deep. my friends think i need help. honestly? this is my version of the spa

anyone else find the 2am charts hit different, or is that just the sleep deprivation talking?

2am again. staring at charts like they'll whisper something new. half of this space is nonsense, i know that. but every time i almost log off, something interesting pulls me back in. can't quit yet.

Everyone's sleeping on the fact that ETH is quietly becoming the settlement layer for basically everything onchain. L2s printing, blobs cheap, staking yield solid. The "ETH is dead" crowd is about to get humbled again.

$ETH: For the first time ever, I'm making Ethereum a serious part of my portfolio. In previous cycles, only around 10% of my BTC allocation went into ETH. Now I'm raising that to 20%! For every $4 USD that I invest into Bitcoin, $1 goes into ETH

honestly what's the one source you actually trust these days? feels like half my feed is just noise now

yo the crypto space moves so fast lately, blink and you miss three major stories 😅 feels like every day is another rollercoaster... how are you even keeping up with all this? #crypto

Anyone else seeing this?

Just caught up on today's crypto happenings and wow, the pace never slows down 🚀 Feels like every single day there's something wild moving markets or shaking up the space. Loving the energy right now. Who else is glued to the charts? #Crypto

Interesting move by the DOJ dropping charges in the $722M BitClub case. That was one of the largest crypto Ponzi schemes on record, so watching prosecutors walk it back raises real questions about evidence and precedent. Thoughts? #BitClub

ngl the fact that big law firms are now building MiCA tools tells me EU regulation is getting REAL 👀 crypto's growing up whether we like it or not. Are stricter rules good or bad for us? #MiCA #crypto

cooked an actual dinner tonight for the first time in weeks. charts will still be there tomorrow, red or green. touched grass, ate real food, feeling weirdly optimistic about... everything. we're still early anon 🍳

anyone else treat their portfolio like a relationship they refuse to leave even when the signs are all there?

2am and I'm staring at charts again like they're gonna tip me off before the rest of the market. spoiler: they won't. still not selling tho. sleep is temporary, conviction is forever (or until my alarm goes off)