#  @ryanberckmans Ryan Berckmans ryanb.eth Ryan Berckmans ryanb.eth posts on X about ethereum, solana, onchain, bitcoin the most. They currently have [-------] followers and [----] posts still getting attention that total [-------] engagements in the last [--] hours. ### Engagements: [-------] [#](/creator/twitter::546460454/interactions)  ### Mentions: [--] [#](/creator/twitter::546460454/posts_active)  ### Followers: [-------] [#](/creator/twitter::546460454/followers)  ### CreatorRank: [-------] [#](/creator/twitter::546460454/influencer_rank)  ### Social Influence **Social category influence** [cryptocurrencies](/list/cryptocurrencies) [stocks](/list/stocks) [finance](/list/finance) [technology brands](/list/technology-brands) [exchanges](/list/exchanges) [countries](/list/countries) [currencies](/list/currencies) [events](/list/events) #1352 [social networks](/list/social-networks) [travel destinations](/list/travel-destinations) **Social topic influence** [ethereum](/topic/ethereum) #2006, [solana](/topic/solana), [onchain](/topic/onchain) #1857, [bitcoin](/topic/bitcoin), [money](/topic/money), [sol](/topic/sol), [coinbase](/topic/coinbase), [token](/topic/token), [usdc](/topic/usdc), [crypto](/topic/crypto) #1831 **Top assets mentioned** [Ethereum (ETH)](/topic/ethereum) [Solana (SOL)](/topic/solana) [Bitcoin (BTC)](/topic/bitcoin) [Coinbase Global Inc. (COIN)](/topic/coinbase) [USDC (USDC)](/topic/usdc) [StarkNet (STRK)](/topic/starknet) [zkSync (ZK)](/topic/zksync) [BlackRock Inc (BLK)](/topic/blackrock) [Robinhood Markets, Inc. (HOOD)](/topic/$hood) [Celestia (TIA)](/topic/celestia) [Immutable (IMX)](/topic/immutable-x) [Alphabet Inc Class A (GOOGL)](/topic/$googl) [Arbitrum (ARB)](/topic/arbitrum) ### Top Social Posts Top posts by engagements in the last [--] hours "1/ ETH holders may feel some nervousness or derision at the thought of getting DOT NEAR and SOL wrapped on ethereum. I believe this is misplaced. imo it's only good for ETH" [X Link](https://x.com/ryanberckmans/status/1320063699076468737) 2020-10-24T18:04Z 26K followers, [--] engagements "Like Swerve or not they are trying to make governance work and that's commendable. The biggest on-chain vote in Swerve's short history will begin tomorrow morning. Please read. https://t.co/BapL352H71 The biggest on-chain vote in Swerve's short history will begin tomorrow morning. Please read. https://t.co/BapL352H71" [X Link](https://x.com/ryanberckmans/status/1320466731807199239) 2020-10-25T20:46Z 26K followers, [--] engagements "ETH will flip BTC. Last week bitcoin paid miners an annual run rate of $13b. In [----] it'll still be $13b whereas for ethereum it'll be $0 due to PoS. Imagine thinking that BTC can afford to pay miners an extra $13b to $40b per yr just because BTC is more famous right now" [X Link](https://x.com/ryanberckmans/status/1350176145380139010) 2021-01-15T20:20Z 27.1K followers, [---] engagements "2/ What is Cairo Cairo is a new programming language that must be used when writing apps for StarkWare's L2 zk-rollup StarkNet. It's not possible to run Solidity apps on StarkNet. StarkWare recommends rewriting your app in Cairo. Automatic Solidity support is not coming soon" [X Link](https://x.com/ryanberckmans/status/1359948656644943880) 2021-02-11T19:33Z 26K followers, [--] engagements "@tmacsalt @ZKSwapOfficial Optimism works seamlessly with MetaMask. New users may get a one-time pop-up to add the Optimism network to their list of networks. After that they'll sign L2 transactions normally. Depositing into L2s will be cheap because exchanges are supporting withdrawals directly to L2" [X Link](https://x.com/ryanberckmans/status/1366094913146933258) 2021-02-28T18:36Z 26K followers, [--] engagements "Today StarkEx may seem relatively closed vs. Arbitrum Optimism and zkSync. Later this year (or perhaps early next year) StarkWare will become - open access - permissionless - composable Ethereum is scaling now🚀 StarkEx apps (e.g. @dydxprotocol @Immutable @deversifi) will end up on StarkNet our permissionless ZK-Rollup. All these users and liquidity will jumpstart a thriving ecosystem. StarkEx apps (e.g. @dydxprotocol @Immutable @deversifi) will end up on StarkNet our permissionless ZK-Rollup. All these users and liquidity will jumpstart a thriving ecosystem" [X Link](https://x.com/ryanberckmans/status/1385631131484131329) 2021-04-23T16:26Z 26K followers, [--] engagements "Ethereum offers the promise of at least two ways to help alleviate poverty in America. 👇" [X Link](https://x.com/ryanberckmans/status/1398708408040177668) 2021-05-29T18:30Z 26K followers, [---] engagements "First with ethereum we can end the inefficiency of trickle-down economics by giving every American an ultra-low-cost individual account directly with the Federal Reserve. For example on a private zk-based L2 run by the Fed" [X Link](https://x.com/ryanberckmans/status/1398708408728100864) 2021-05-29T18:30Z 26K followers, [--] engagements "Solana's partner Multicoin claims that zk-rollups and Ethereum's web of L2s will to paraphrase have relatively poor developer UX for a significant amount of time and during that time prevent Ethereum from effectively scaling. https://multicoin.capital/2021/05/25/technical-scalability-creates-social-scalability/ https://multicoin.capital/2021/05/25/technical-scalability-creates-social-scalability/" [X Link](https://x.com/ryanberckmans/status/1405795306936147969) 2021-06-18T07:51Z 26K followers, [--] engagements "imo Multicoin's prediction will turn out to be wrong simply because the L2 developer UX will rapidly improve. It's already off to a good start. For example Arbitrum has a nice developer UX now StarkNet's Cairo developer community is growing and Immutable X provides a REST API" [X Link](https://x.com/ryanberckmans/status/1405795307863121924) 2021-06-18T07:51Z 26K followers, [--] engagements "A Bitcoin miner is heating up an entire lake in upstate NY. "The lake is so warm you feel like you're in a hot tub. miners are permitted to discharge [---] million gallons daily at temperatures as high as [---] degrees" https://decrypt.co/75256/bitcoin-mining-is-turning-new-york-lake-into-a-hot-tub-say-locals https://decrypt.co/75256/bitcoin-mining-is-turning-new-york-lake-into-a-hot-tub-say-locals" [X Link](https://x.com/ryanberckmans/status/1412212293589405701) 2021-07-06T00:50Z 26K followers, [--] engagements "I just did my first Uniswap v3 swap on Optimistic Ethereum L2😃 The swap confirmed instantly (like all transactions on Optimism) and the transaction fee was 90% cheaper than Uniswap on L1. Congrats @optimismPBC and @Uniswap" [X Link](https://x.com/ryanberckmans/status/1415080184307400704) 2021-07-13T22:46Z 26K followers, [---] engagements "@nickyBLUeyes @anowboat @victordeleau @Krugman_Dad @antiprosynth @optimismPBC @Uniswap Were you able to switch MetaMask to the optimism network by visiting After that should have a network selector dropdown with Optimism in it. Hopefully wallets will soon ship with popular L2 networks baked in http://app.uniswap.org https://chainid.link/network=optimism http://app.uniswap.org https://chainid.link/network=optimism" [X Link](https://x.com/ryanberckmans/status/1415106866955366405) 2021-07-14T00:32Z 26K followers, [--] engagements "By redeploying Arbitrum's tech into a new rollup instance Reddit gains the benefits of having no dependency on off-chain infrastructure run by another centralized entity and no risk of increased L2 gas prices due to congestion from 3rd parties. We are ecstatic to announce that @Reddit is scaling Community Points on @ethereum using Arbitrum 🎆 https://t.co/BEjJ32qCen We are ecstatic to announce that @Reddit is scaling Community Points on @ethereum using Arbitrum 🎆 https://t.co/BEjJ32qCen" [X Link](https://x.com/ryanberckmans/status/1418362432486088711) 2021-07-23T00:08Z 26K followers, [--] engagements "We love Stefen's idea for byoa NFTs to provide extra support for accessibility on the web. Per Stefen's idea we've added an accessibility byoa algorithm to mallows. We're awarding him [--] of our treasury mallows for his contribution - thanks Stefen (DM me your wallet address) Something like this could be extremely interesting and useful for folks with mild disabilities. Holding a specific "Bring your own Algorithm" NFT could in theory automatically brighten a page you're on enlarge/magnify text on screen etc Web3 makes UX completely programmable Something like this could be extremely" [X Link](https://x.com/ryanberckmans/status/1424755043794919428) 2021-08-09T15:30Z 26K followers, [--] engagements "@CoinDesk @0xPolygon @hermez_network @cheyenneligon what a great deal for both parties. Congrats It's really nice to see polygon pursuing cutting edge tech instead of pretending that sidechains are good enough" [X Link](https://x.com/ryanberckmans/status/1426203057394696193) 2021-08-13T15:24Z 26K followers, [--] engagements "@0xponzilover I'm with you it's not there yet. But within a year you'll be able to deposit USD directly from a popular fiat on-ramp like Coinbase or Ramp into rollups with off-chain data like StarkNet for [--] fees and into Arbitrum for much lower fees. No L1 transactions needed for users" [X Link](https://x.com/ryanberckmans/status/1436450909110906882) 2021-09-10T22:05Z 26K followers, [--] engagements "dYdX's incredible growth gives us an interesting lens to look at the competitive uses of ethereum blockspace L1 space so pricey and in demand that its gets optimized at all layers of stack trading vs other apps perps vs other trades L1 vs L2 oru vs zkr whale vs fish One week later dYdX is at $16m depth within [--] bps Only $4m less than Binance ETH perp DEXs are about to become more liquid than CEXs https://t.co/IckVSoW4VI One week later dYdX is at $16m depth within [--] bps Only $4m less than Binance ETH perp DEXs are about to become more liquid than CEXs https://t.co/IckVSoW4VI" [X Link](https://x.com/ryanberckmans/status/1441870165881278477) 2021-09-25T21:00Z 26K followers, [--] engagements "Ethereum is actually scaling soon🚀 But what's the biggest threat to any delay Not L2s. @zksync @StarkWareLtd launching soon. Not UX. @MetaMask @rainbowdotme @MyCrypto are on it. Not dev UX. Rapidly improving. Biggest threat is no @coinbase onramp to zkSync and StarkNet" [X Link](https://x.com/ryanberckmans/status/1455935765331025928) 2021-11-03T16:31Z 26K followers, [---] engagements "@thetechn0cratic @LordTylerWard "Digital Assets" https://www.theblockcrypto.com/amp/linked/109497/digital-assets-tokenized-stocks-solana-ftx https://www.theblockcrypto.com/amp/linked/109497/digital-assets-tokenized-stocks-solana-ftx" [X Link](https://x.com/ryanberckmans/status/1456116776186662912) 2021-11-04T04:31Z 30.8K followers, [--] engagements "@BrendanEich @FroggyFrogster @epolynya @Philastru @CoinDesk @brave @solana @NexoFinance @zksync @StarkWareLtd @optimismPBC @arbitrum @dydxprotocol StarkNet is EVM-compatible. The free lunch $0 fees for users is expected to be available when StarkNet launches within weeks. Mostly all that's needed is an ethereum wallet and to add the StarkNet evm network similar to adding Polygon or Arbitrum" [X Link](https://x.com/ryanberckmans/status/1462094178914029574) 2021-11-20T16:23Z 25.3K followers, [--] engagements "Gearbox Protocol a new kind of quasi-aggregator in DeFi - gearbox offers leverage as a product. Borrow up to 5x your deposit. But leverage on what On any app integrated with gearbox - ie. unbundles leverage - another example of the surprising dynamism of the app layer So if you are tuned into the Ethereum chain happenings you probably noticed that a new gas guzzler emerged from the depths of Vitaliks masternode yesterday. Yes Im talking about @GearboxProtocol But what is ⚙🧰 and why should you care at all Here comes the threadooooor👇🏻 So if you are tuned into the Ethereum chain happenings" [X Link](https://x.com/ryanberckmans/status/1471941884322930699) 2021-12-17T20:34Z 26K followers, [--] engagements "@zksync I have been calling this eth's Web of Assets https://x.com/RyanBerckmans/status/1470579967637475329 L2s are more useful when they're built on Ethereum Why It's because an L2 built on ethereum has instant access to apps tokens and liquidity trustlessly bridged from the L1 and other L2s. Ethereum is the web of assets https://t.co/Fu0ieaZajc https://x.com/RyanBerckmans/status/1470579967637475329 L2s are more useful when they're built on Ethereum Why It's because an L2 built on ethereum has instant access to apps tokens and liquidity trustlessly bridged from the L1 and other L2s. Ethereum" [X Link](https://x.com/ryanberckmans/status/1479606239751512065) 2022-01-08T00:09Z 25.9K followers, [--] engagements "Gitcoin Aqueduct is an incredible example of crypto's potential to help reduce all kinds of transaction costs. It's my favorite proposal/new feature in a long time I've been working on a new ecosystem growth engine with @owocki. @gitcoin Aqueduct incentivizes ecosystem development for your project with a single line of Solidity and unbundles the work of protocol creation from the work of ecosystem support. https://t.co/mJbB5SURTr https://t.co/eJUFyBgeJp I've been working on a new ecosystem growth engine with @owocki. @gitcoin Aqueduct incentivizes ecosystem development for your project with a" [X Link](https://x.com/ryanberckmans/status/1481752688710795265) 2022-01-13T22:19Z 26K followers, [--] engagements "@TaschaLabs imo eth DeFi innovation hasn't plateaued. Here are three new apps I'm excited about @NotionalFinance fixed-rate lending with a novel capital-efficient AMM design - @PrimitiveFi derivatives without oracles - @MakerDAO is building on StarkNet to let ppl borrow DAI on L2" [X Link](https://x.com/ryanberckmans/status/1482119552632774658) 2022-01-14T22:36Z 26K followers, [--] engagements "@Bass_Oasis @stakewise_io Yes I think stakewise is liquid now. afaict their rETH2 token is swappable on uniswap with the default tokenlists. But rETH2 doesn't seem to be listed on coingecko not sure why. https://docs.stakewise.io/faq https://docs.stakewise.io/faq" [X Link](https://x.com/ryanberckmans/status/1495820712505978889) 2022-02-21T18:00Z 30.6K followers, [--] engagements "Lido and Rocket Pool are designed to socialize validator activation queue costs among all users and here are some thoughts on why this may be a sort of growth hack for Lido/RPL and not a real problem to solve @Crypto_guy_ imo the fact that Lido/RPL's old users subsidize new users if the activation queue is long may be more like a growth hack than a problem requiring a fix. One it's an inherently temporary problem that fixes itself about a year after the merge due to an accelerating. @Crypto_guy_ imo the fact that Lido/RPL's old users subsidize new users if the activation queue is long may be" [X Link](https://x.com/ryanberckmans/status/1505667845736255495) 2022-03-20T22:09Z 26K followers, [--] engagements "@jack__oo7 StakeWise for sure and Kraken has built the ability but unsure on their policy" [X Link](https://x.com/ryanberckmans/status/1505687663793381379) 2022-03-20T23:28Z 30.5K followers, [--] engagements "4/ So how might we work to ensure a balanced diversity of staking derivatives One option is for our community to continue blessing and promoting Lido's largest & fastest-growing competitor Rocket Pool. A duopoly is better than a monopoly" [X Link](https://x.com/ryanberckmans/status/1506124375073959937) 2022-03-22T04:23Z 26K followers, [--] engagements "@Jasper_ETH @Rocket_Pool It's true. Lido is a runaway growth train rn. imo it's possible maybe even likely if we stay on our current trajectory that within two years 50%+ of all ETH (not just staked ETH) may be run under Lido" [X Link](https://x.com/ryanberckmans/status/1512859401270571013) 2022-04-09T18:26Z 26K followers, [--] engagements "5/ In short the Lido staking monopoly is unnatural circumstantial and imo very unhealthy for ethereum. It makes matters worse that Lido is a cross-chain organization and not dedicated to eth" [X Link](https://x.com/ryanberckmans/status/1514960008479395849) 2022-04-15T13:33Z 26K followers, [--] engagements "6/ I think our best path forward may be to encourage the hypergrowth of Rocket Pool which is already 3x the size of the next closest staking derivative and overall in a better position to realistically catch up with Lido before the merge sends staked ETH into the 10s of millions" [X Link](https://x.com/ryanberckmans/status/1514960009582546948) 2022-04-15T13:33Z 26K followers, [--] engagements "8/ If Rocket Pool does make the adjustments that I think may be urgently required to actually grow faster than Lido then these significant dilutions to RPL will pay themselves back over time by ensuring that Rocket Pool's market share is equal to Lido vs. 18x smaller today" [X Link](https://x.com/ryanberckmans/status/1514960011792990215) 2022-04-15T13:33Z 26K followers, [--] engagements "Long-term risk to eth from staking centralization doesn't come from one entity having a large stake today. The risk comes from the expectation that one entity's share will only grow. This expectation can only exist when a staking share is defended by a significant network effect" [X Link](https://x.com/ryanberckmans/status/1534581500322144259) 2022-06-08T17:01Z 31.3K followers, [--] engagements "Today only Lido's staking share is defended by a significant network effect. Ie. from the extremely popular stETH liquid staking derivative. Lido is already at nearly 1/3 share whereas Coinbase is 50% less and Coinbase's liquid staking derivative is not yet strong like stETH" [X Link](https://x.com/ryanberckmans/status/1534581501924462597) 2022-06-08T17:01Z 31.3K followers, [--] engagements "@liron @a16z @cdixon @reckless Great. I am 100% certain that web3 has many real interesting use cases that will collectively have a significant positive impact on the world in due time. Looking forward to it" [X Link](https://x.com/ryanberckmans/status/1542371808514641920) 2022-06-30T04:57Z 30.8K followers, [--] engagements "@Jasper_ETH @Rocket_Pool Congrats" [X Link](https://x.com/ryanberckmans/status/1560796894292484096) 2022-08-20T01:12Z 26K followers, [--] engagements "If Lido self capped w a floating fee mechanism I'd have paid say up to a 17.5% fee on my stETH rev to secure my slice of stETH supply since I trust Lido a lot. Lido DAO gets 12.5% fee and staking operators their usual 5%. That DAO rev equiv to Lido dominance at 25%*2.5=62.5%" [X Link](https://x.com/ryanberckmans/status/1562602749334016000) 2022-08-25T00:48Z 26K followers, [--] engagements "@Jasper_ETH @aivainvesting @PeckShieldAlert @Rocket_Pool Yikes. This confused me. I hadn't heard of stafi. Has there been any discussion of asking stafi to change their ticker It goes without saying but I'll say it rocket pool is too important to risk confusing new users" [X Link](https://x.com/ryanberckmans/status/1563173108168605696) 2022-08-26T14:34Z 26K followers, [--] engagements "@marceaueth @Jasper_ETH @aivainvesting @PeckShieldAlert @Rocket_Pool crazy idea: given that changing their tickers is up to them and changing Rocket Pool's ticker is up to you guys what about grabbing the bull by the horns and changing the rocket pool ticker to rpETH" [X Link](https://x.com/ryanberckmans/status/1563242825747009543) 2022-08-26T19:11Z 26K followers, [--] engagements "@marceaueth @Jasper_ETH @aivainvesting @PeckShieldAlert @Rocket_Pool nobody is using rpETH afaict" [X Link](https://x.com/ryanberckmans/status/1563242978189004802) 2022-08-26T19:12Z 26K followers, [--] engagements "For example I should be able to flag my ETH-backed Maker Vault as being willing to sell new DAI (mint for a fee) or redeem existing DAI (destroy to unlock $1 in ETH for a fee). I'd guess that many whales would be happy to market-make for small fees and help support DAI" [X Link](https://x.com/ryanberckmans/status/1564321270451392519) 2022-08-29T18:37Z 25.8K followers, [--] engagements "In short I believe that DAI's best self is as maximally reliable US dollars. Maximizing reliability is not a one-dimensional problem. There's fiat censorship risk defi protocol risk smart contract risk oracle risk Maker governance risk etc" [X Link](https://x.com/ryanberckmans/status/1564321271982211075) 2022-08-29T18:37Z 25.8K followers, [--] engagements "@Calypsoipso I think you're describing the optimal long-term investment strategy. I have buddies that spend zero on gas and just stack. That being said there may be at least three kinds of rational motivations to spend on gas: 1) short-term trading " [X Link](https://x.com/ryanberckmans/status/1566130638243127299) 2022-09-03T18:26Z 26.6K followers, [--] engagements "@Calypsoipso 2) onchain leverage/staking/etc for longterm stack 3) onchain things useful in an of themselves where motivation to use them is tied to something else besides an investment. Eg. ENS realworld asset tokenization art NFTs etc. imo this category is the future of much/most growth" [X Link](https://x.com/ryanberckmans/status/1566130816534646789) 2022-09-03T18:27Z 26.6K followers, [--] engagements "Bitcoin's 2nd problem Bitcoin's security budget is unsustainable because its transaction fees haven't and won't grow nearly enough to make up for BTC issuance reduction from the halvenings" [X Link](https://x.com/ryanberckmans/status/1596542545789874179) 2022-11-26T16:32Z 30.2K followers, [--] engagements "ChatGPT giving an informative lecture on the differences between centralized and decentralized public blockchains" [X Link](https://x.com/ryanberckmans/status/1598761295959949320) 2022-12-02T19:29Z 26K followers, [--] engagements "Decentralization scale: 1) private property 2) pretty centralized 3) decentralized enough that your political and operational landscape can reasonably produce fork wars such as Ethereum's ProgPow eip1559 or ethpow. 4) maximally decentralized" [X Link](https://x.com/ryanberckmans/status/1614439600855949315) 2023-01-15T01:49Z 26K followers, [----] engagements "Real-world asset tokenization provided by @BackedFi. Congrats Backed Dashboard: I will continue to occasionally and gently poke fun at @matthuang who recently predicted that real-world assets would amount to nothing important over the long term: https://dune.com/steakhouse/backed-finance https://dune.com/steakhouse/backed-finance" [X Link](https://x.com/ryanberckmans/status/1621161257712717824) 2023-02-02T14:58Z 26K followers, [----] engagements ""I've made the argument that Ether is a commodity" - CFTC Chairman Behnam at today's D.C. committee hearing 1:18:30 in the video: https://www.agriculture.senate.gov/hearings/oversight-of-the-commodity-futures-trading-commission-03-08-2023 https://www.agriculture.senate.gov/hearings/oversight-of-the-commodity-futures-trading-commission-03-08-2023" [X Link](https://x.com/ryanberckmans/status/1633542673893056527) 2023-03-08T18:58Z 26K followers, [----] engagements "On his recent Bankless ep Brian Armstrong said we need to get to where an ordinary person with an Eth wallet can whip out their phone and make a payment in [--] second as easy as sending a WhatsApp msg. How do we get there asap" [X Link](https://x.com/ryanberckmans/status/1636827401299607567) 2023-03-17T20:30Z 26K followers, 31.4K engagements "@Bagsy There's no truly permissionless way to swap BTC into stables on ETH. If there was Bitcoin would be a much more useful chain. Perhaps the best you can do is to mint tBTC. They claim it's permissionless but it's really sharded trust. Or just use Binance https://threshold.network/earn/btc https://threshold.network/earn/btc" [X Link](https://x.com/ryanberckmans/status/1642564460421185539) 2023-04-02T16:27Z 26K followers, [----] engagements "another real-world asset launch on Ethereum this time tokenized real estate affiliated with Berkshire 1/ Big News We're excited to announce that Propy is the XCEED Approved Provider for the Berkshire Hathaway HomeServices network We're thrilled to bring our expertise to one of the largest brokerage networks in the U.S https://t.co/oSmytv52Au 1/ Big News We're excited to announce that Propy is the XCEED Approved Provider for the Berkshire Hathaway HomeServices network We're thrilled to bring our expertise to one of the largest brokerage networks in the U.S https://t.co/oSmytv52Au" [X Link](https://x.com/ryanberckmans/status/1646582882914238482) 2023-04-13T18:35Z 26K followers, 14.9K engagements "French bank Societe General just launched a euro stablecoin on public Ethereum (ticker: EURCV) They're also laying the groundwork for foreign currency stables: Swiss CHF Japan JPY British GBP United States USD Every nation will issue stables in all major currencies on Ethereum French bank Societe General launches a euro stablecoin on Ethereum (ticker: EURCV) I believe this is the first stablecoin launched by a bank on public Eth but it certainly won't be the last Announcement: https://t.co/2jFE3qir5E Contract: https://t.co/xw2QjxEIs4 French bank Societe General launches a euro stablecoin on" [X Link](https://x.com/ryanberckmans/status/1649045422680203265) 2023-04-20T13:40Z 30.2K followers, 22.8K engagements "@Branche_SC I think you're right that non-financial products are better when users don't need to be significantly invested in the native token to use the chain. But Solana won't have a monopoly on low fees or letting a 3rd party pay fees on behalf of the user. L2s will be very cheap" [X Link](https://x.com/ryanberckmans/status/1658534763966103552) 2023-05-16T18:07Z 23K followers, [--] engagements "Justin wrote a scathing thread against Ethereum's L2 scaling roadmap. I don't think it's a good thread. I believe strongly in L2s they're going great. Justin makes a good point in the quoted tweet that L2 UX fragmentation is real. It's incumbent on us (app devs) to solve it" [X Link](https://x.com/ryanberckmans/status/1659001834734747649) 2023-05-18T01:03Z 23K followers, [--] engagements "@iamDCinvestor Tron and Ethereum enable Tether to make billions of dollars so it makes sense to funnel that profit into useless BTC and let it trickle down into industrial mining operations. Got it" [X Link](https://x.com/ryanberckmans/status/1659016664791252993) 2023-05-18T02:02Z 22.5K followers, [--] engagements "@tomwanhh @LidoFinance @DuneAnalytics @21Shares How is it smart to give up even short duration time value on 446k ETH" [X Link](https://x.com/ryanberckmans/status/1660751652649836546) 2023-05-22T20:57Z 23K followers, [--] engagements "@ImperiumPaper @MakerDAO All part of Phoenix stance my guy" [X Link](https://x.com/ryanberckmans/status/1661055335447117834) 2023-05-23T17:03Z 22.7K followers, [--] engagements "Tokenized US Treasury Bills are thriving on Ethereum Here's a fact sheet - TVL from $0 to $200 million in [---] months - half a dozen good competitors. More coming - yield 4.75%+ - today direct access is usually whitelisted for qualified investors (both US-based and" [X Link](https://x.com/ryanberckmans/status/1661719300770615297) 2023-06-20T12:06Z 23K followers, 63.4K engagements "In general it seems fair to say that we should expect average unencumbered users and developers to prefer to rely on a greater social consensus than a lesser one. You sleep better when your assets are secured by Eth's social consensus vs Arbitrum's or Solana's no offense meant" [X Link](https://x.com/ryanberckmans/status/1664343969625415707) 2023-06-01T18:51Z 22.6K followers, [--] engagements "My claim is: when bridging OP to Arb both Optimism and Arbitrum would prefer to do so through the L1 and not directly" [X Link](https://x.com/anyuser/status/1664343975400972310) 2023-06-01T18:51Z [--] followers, [--] engagements "Optimism as the source L2 prefers bridging through the L1 because it reduces their competitor's leverage of social consensus and also especially to maximize the reach and friction-minimized interop of Op's L2 native assets being bridged to a wider network of other L2s" [X Link](https://x.com/ryanberckmans/status/1664343978366435328) 2023-06-01T18:51Z 23K followers, [--] engagements "The fact that bridging between L2s is best done through the L1 may be a foundational pillar of Ethereum's modern network effect and flywheel. Personally I'd like to see the rise of a bridging framework specializing in L2 native assets bridged through L1. Vitalik wrote about it" [X Link](https://x.com/ryanberckmans/status/1664343991419019277) 2023-06-01T18:51Z 23K followers, [--] engagements "@DeFi_Dad Notional $NOTE. The best fixed-rate lending protocol has a fully diluted valuation of $16.5m. Why so low Is something horribly broken with the protocol or the team Nope they were busy building their new v3. Long-term team. They never even made a Uniswap pool for their token" [X Link](https://x.com/ryanberckmans/status/1665056761710096387) 2023-06-03T18:04Z 23K followers, [----] engagements "Bitcoin: "BTC should replace the US Dollar as the global reserve currency" Ethereum: "We'd love to help you distribute US Dollars globally" American elites may soon prefer ETH over BTC because unlike Bitcoin Ethereum enhances and doesn't compete with USD America 🤝 Ethereum" [X Link](https://x.com/ryanberckmans/status/1667161726603673601) 2023-06-09T13:28Z 30.2K followers, 22.9K engagements "@MBSaph Ah the old "just because many of our most famous and respected community members say it all the time and just because it's structurally true as a function of the technology doesn't make it an official Bitcoin policy" defense" [X Link](https://x.com/ryanberckmans/status/1667169650872930308) 2023-06-09T13:59Z 23K followers, [--] engagements "Here's a recent fantastic development that was somewhat overshadowed by US regulatory news and market volatility: A Norwegian government stablecoin will be natively issued on public chains starting with Arbitrum https://thedefiant.io/arbitrum-onboards-norway-s-digital-krone https://thedefiant.io/arbitrum-onboards-norway-s-digital-krone" [X Link](https://x.com/ryanberckmans/status/1667701288828649472) 2023-06-11T01:12Z 23.9K followers, 49.3K engagements "@JonRamvi Thanks for clarifying. Although this official bridge to Arbitrum was temporary for the hackathon I'm encouraged that we may see a lot more of this pattern in the future" [X Link](https://x.com/ryanberckmans/status/1667945998528774146) 2023-06-11T17:24Z 26K followers, [--] engagements "Economists should understand web3 better than anybody else because web3 is primarily related to reductions in transaction costs- an economic concept. Economists should be out there telling the public "the value of web3 is that it reduces aggregate transaction costs and that will extend the market and deliver goods & services that are better cheaper and novel." Instead we see bizarre confusing narratives like Tyler Cowen's recent Bloomberg article on why web3's lack of use cases will be solved by AI. @tylercowen @EconTalker @mungowitz" [X Link](https://x.com/ryanberckmans/status/1668300515686379520) 2023-06-12T16:53Z 28.4K followers, [----] engagements "Overall Jeremy is the leading champion of the correct thesis that web3 is an extremely significant opportunity for America's geopolitical position. Selling this thesis to Congress is our best path to defeat the final boss and graduate to a prosperous era. I wish Jeremy success" [X Link](https://x.com/ryanberckmans/status/1668359574481694723) 2023-06-12T20:48Z 23.9K followers, [---] engagements "Real-world assets on Ethereum are hypergrowing You can now hold T-Bills and shares of Microsoft Coinbase Nvidia and many more in an Ethereum wallet We've added [--] public #stocks that can be traded 24/7 with instant settlement #Blackrock (BLK) #Coinbase (COIN) #Coupang (CPNG) #Intel (INTC) #Microsoft (MSFT) #Microstrategy (MSTR) #NVIDIA (NVDA) @Katieevans251 explains why tokenized stocks hit different https://t.co/dp0L6SJJrV https://t.co/Mt9loMqC9X We've added [--] public #stocks that can be traded 24/7 with instant settlement #Blackrock (BLK) #Coinbase (COIN) #Coupang (CPNG) #Intel (INTC)" [X Link](https://x.com/ryanberckmans/status/1669337228445622272) 2023-06-15T13:33Z 25.3K followers, 23.6K engagements "@XAI_GAMES @arbitrum @OffchainLabs Congrats" [X Link](https://x.com/ryanberckmans/status/1669394578317639687) 2023-06-15T17:20Z 22.5K followers, [--] engagements "I was asked how it's legal for @SwarmMarkets to tokenize Microsoft shares. Isn't that some kind of securities violation Nope. The shares are sold to an international custodian that tokenizes them under foreign laws. Ironic that American shares must go overseas to get onchain" [X Link](https://x.com/ryanberckmans/status/1669458157041508353) 2023-06-15T21:33Z 27.6K followers, 15.8K engagements "@ib1gymnast Tokenized real world assets are going to be a juggernaut of a market. Stablecoins (tokenized dollars) are already tens of billions. All of stablecoins tokenized equities and tokenized T-Bills will each exceed $100B on Ethereum within a handful of years imo" [X Link](https://x.com/ryanberckmans/status/1669527783062528000) 2023-06-16T02:10Z 22.7K followers, [--] engagements "@teleporthjfr @dondo_eth @LidoFinance You can expect an LST to curve its growth. It just has to be run by ethereum loyalists who enjoy a massive business while limiting tail risk. It's circumstantial and unlucky that Lido is run as a pure business instead of an eth aligned public good that's still hugely profitable" [X Link](https://x.com/ryanberckmans/status/1669756365718290432) 2023-06-16T17:18Z 25.3K followers, [---] engagements "Lido is considering a proposal to spend $5M on marketing. But they already run 30% of stake. How much is too much For context Lido says they believe that it'd be healthy for all staked ETH to be staked through Lido. Most people seem to agree that this view is untrue and" [X Link](https://x.com/ryanberckmans/status/1669765512899747840) 2023-08-03T15:14Z 22.5K followers, 44.4K engagements "Ambient (prev: Crocswap) is basically Uniswap v4 but open source and already live on Ethereum. From Uniswap's marketing language this week you'd think they invented hooks. But they didn't. Hooks are live on Ambient" [X Link](https://x.com/ryanberckmans/status/1669776159528157190) 2023-06-16T18:38Z 23K followers, 17.5K engagements ""Ethereum has a monopoly on trustless bridging between L2s. Breaking this monopoly to allow any chain to trustlessly bridge to multiple L1s is an open research problem to which there are no known solutions." - paraphrased from Vitalik's post today" [X Link](https://x.com/ryanberckmans/status/1671161567327682563) 2023-06-20T14:32Z 22.5K followers, 18.6K engagements "The actual quote from Vitalik's new post: "One interesting research problem is identifying to what extent it is possible for a chain to have this form of connection to multiple other chains (eg. Ethereum and Zcash). Doing it naively is possible - your chain would have to reorg" [X Link](https://x.com/ryanberckmans/status/1671161745539485703) 2023-06-20T14:32Z 23K followers, [----] engagements "A great advantage of the ethereum trade network is that new L2s and L3s can come pre installed with live services that use trust minimized bridging from the L1 and other L2s. For example" [X Link](https://x.com/ryanberckmans/status/1671683667406594050) 2023-06-22T00:56Z 22.7K followers, [--] engagements "A new L3 that comes with an oracle bridge contract for easy cheap and trustless reading of the latest L1 Uniswap v3 ETH-USDC TWAP oracle price. That would let the L3 have a reliable trustless oracle for the price of ETH right when it launches no work required" [X Link](https://x.com/ryanberckmans/status/1671683669583339526) 2023-06-22T00:56Z 22.7K followers, [--] engagements "Every chain chooses either to A) help accrue value to ETH or B) have much worse security and no trust minimized bridging of assets and data from all other L2s and L3s It's the Ethereum Trade Network" [X Link](https://x.com/ryanberckmans/status/1671687660107177985) 2023-06-22T01:12Z 22.5K followers, [--] engagements "@yrulikethiss I don't think that any other major L1s will become L2s except for polygon PoS. Every major L1 has its own political story. If Solana is modified to run as an L2 I don't think the main Solana chain would seek to become an L2" [X Link](https://x.com/ryanberckmans/status/1671914246685196288) 2023-06-22T16:14Z 23K followers, [--] engagements "Buy any NFT inside any webpage without leaving the webpage Today it might seem like a toy for collectibles. In the future you'll be able to buy eg. used cars and real estate directly in the listing site Embedded finance on ethereum is going to eat the economic world" [X Link](https://x.com/ryanberckmans/status/1671993294383898630) 2023-06-22T21:27Z 22.5K followers, [----] engagements "I love how a schelling point for Rollups-as-a-Service is that every major L2 made its own service. OP Stack Arbitrum Orbit Polygon Supernets StarkNet Slush zkSync ZK Stack. Anyone will be able to 1-click launch an L2/L3. Preloaded with apps oracles bridges. Eth for all🚀" [X Link](https://x.com/ryanberckmans/status/1673351275709120519) 2023-06-26T15:25Z 22.6K followers, [----] engagements "I was asked if the world's institutions will end up using Ethereum or try to build their own public chains. I think they'll largely end up on Ethereum:" [X Link](https://x.com/ryanberckmans/status/1673412200591945741) 2023-06-26T19:30Z 23K followers, [----] engagements "The Monetary Authority of Singapore is working on tokenization projects on public Ethereum 🚀" [X Link](https://x.com/ryanberckmans/status/1673844070542712832) 2023-06-28T07:05Z 23K followers, [----] engagements "@rleshner @superstatefunds Congrats. Real world asset growth here we come" [X Link](https://x.com/ryanberckmans/status/1674099086197129230) 2023-06-28T16:55Z 22.8K followers, [----] engagements "@danheld @Nigel_Farage Does Bitcoin actually fix this though No it doesn't because Bitcoin has no real apps stablecoins or financial products. And if Bitcoin could fix Nigel's problem would it be his best option Also no. That's why you're a liar. On Ethereum today Nigel can hold many" [X Link](https://x.com/ryanberckmans/status/1674467985862406154) 2023-06-29T21:10Z 23K followers, 27.8K engagements "@aeyakovenko @danheld @Nigel_Farage do you think that fees will be too high for consumers on Polygon validium zkEVM zkSync Arbitrum Nova or StarkNet" [X Link](https://x.com/ryanberckmans/status/1674469442581934090) 2023-06-29T17:27Z 23K followers, [----] engagements "@AIWHilton @danheld @Nigel_Farage A lot of progress has been made in the last few years and happy to report that Nigel can effectively pay for his milk at Tesco with Ethereum. Nigel can sign up for a crypto-powered visa card from for example @Ledger CL @holyheld and @xapoprivatebank. He'd pay for milk with" [X Link](https://x.com/ryanberckmans/status/1674498512258465792) 2023-06-30T00:53Z 22.5K followers, [----] engagements "@specialmech You halted all transactions for [--] seconds by running a validator and proposing an empty block Some thoughts - the average proposer reward is higher than 0.05e right So your direct cost was what you gave up in fees by including zero txns. Likely more than 0.05e. Probably goes" [X Link](https://x.com/ryanberckmans/status/1674511128263630850) 2023-06-29T21:05Z 22.8K followers, 10.4K engagements "@RyanLasek @AIWHilton @danheld @Nigel_Farage @Ledger @holyheld @xapoprivatebank I think it's only a taxable event if he sells a capital gains asset like ETH to pay his visa bill. If he pays it in stablecoins it's not a capital gain although some jurisdictions might currently make you report stablecoin payments as capital gains even though the gain is zero" [X Link](https://x.com/ryanberckmans/status/1674523220928524296) 2023-06-29T21:12Z 22.8K followers, [---] engagements "@RyanLasek @FerrariNetwork @danheld @Nigel_Farage imo the biggest reason that ETH is a great investment is that blockchain technology will become the new backbone of the global economy and a lot of it will run on Ethereum and accrue value to ETH. Here's why:" [X Link](https://x.com/ryanberckmans/status/1674530133074427906) 2023-06-29T21:45Z 22.5K followers, [--] engagements "EIP [----] fee poll EIP [----] gives validators a new revenue stream through blob data priority fees. But some people think that moving L2s over to blobs may collapse ordinary gas fees. How long after [----] launches will total fees (block gas + blob gas) be greater than pre 4844" [X Link](https://x.com/ryanberckmans/status/1674533256979439617) 2023-06-29T21:45Z 22.6K followers, [----] engagements "A fresh look at why L2s accrue value to ETH😍 Happy Saturday With Ethereum's marketplace of L2s/L3s now firing on all cylinders I wanted to explore an additional aspect of how L2s help accrue value to ETH: the many ways in which L2 growth tends to grow L1 onchain activity" [X Link](https://x.com/ryanberckmans/status/1675209831286820864) 2023-07-01T18:55Z 22.6K followers, [---] engagements "Yesterday CFTC announced their new Digital Asset Markets Subcommittee Advisors include BlackRock Goldman JPMorgan Fidelity Moody's Nasdaq HSBC Polygon and Uniswap have fun staying poor https://www.cftc.gov/PressRoom/PressReleases/8740-23 https://www.cftc.gov/PressRoom/PressReleases/8740-23" [X Link](https://x.com/ryanberckmans/status/1675312446079107080) 2023-07-02T01:16Z 23.9K followers, 55.3K engagements "@jayendra_jog L2s attract brand new users as well as existing users from the L1 and other L2s. I'd guess that users who come from the L1 are often on multiple L2s and still on the L1. L2s differ widely in their user acquisition profile/strategy. For example Immutable X is attracting gamers" [X Link](https://x.com/ryanberckmans/status/1675672918859079680) 2023-07-03T01:08Z 22.7K followers, [--] engagements "@mrjasonchoi The ongoing billions wasted on bitcoin mining instead of investing in building has hurt this industry more than most insiders will ever know. At today's prices every day of BTC mining costs twenty startup seed rounds" [X Link](https://x.com/ryanberckmans/status/1677688488282423298) 2023-07-08T14:38Z 22.5K followers, [--] engagements "@permaweave Technically nobody "wants" to use an L2. If the L1 could scale to global ubiquity with no loss of credible neutrality then every kind of L2 use case could be instead built on the L1 including politically important use cases such as a permissioned L2s owned by corporations or" [X Link](https://x.com/ryanberckmans/status/1680276488971485185) 2023-07-15T18:07Z 22.7K followers, [---] engagements "Ethereum will have countless L2s/L3s Today Synthetix's Kain suggested that there aren't good reasons for Ethereum to have lots of L2s. He suggested that even [--] L2s is unrealistic. imo Kain isn't right here. I think Ethereum will eventually have tens of thousands or more of (non-ghost legitimate) L2s/L3s. Certainly way more than [--] very soon. Let me try to explain why. It's fair to say that we're likely to see a pareto 80/20 distribution of success in generalised L2s as there is in L1s and tokens. However beyond generalized L2s there are good real-world reasons to run your own L2 including" [X Link](https://x.com/ryanberckmans/status/1680645781160689664) 2023-07-16T18:29Z 24K followers, 76.6K engagements "@mikez_eth Probably. Can I interest you in some $RYAN for RyanChain" [X Link](https://x.com/ryanberckmans/status/1680666856418361346) 2023-07-16T19:52Z 23.6K followers, [---] engagements "Immutable X the Eth gaming L2 is killing it Last month IMX onboarded one funded Triple-A game per day. That's the newer batch of games. The older batch has already been building on IMX for two years. It's possible that soon the majority of Ethereum users are on IMX 🤯" [X Link](https://x.com/ryanberckmans/status/1683102680372199425) 2023-07-23T17:36Z 22.8K followers, 14.8K engagements "@smsunarto Immutable X's forecasts might be made up. Which aren't But I'd take it in good faith. Their onboarding numbers of Triple-A games isn't made up. There's like a billion $ of games being built on IMX rn. I think they're one of the most ethical and well positioned teams in web3" [X Link](https://x.com/ryanberckmans/status/1683107074853486592) 2023-07-23T13:29Z 22.7K followers, [--] engagements "@smsunarto I hear you there's a lot of terms being thrown around. The billion $ means that the Triple-A games being built on Immutable X collectively have committed funding around $1 billion by my estimate based on piecing together published numbers. "Triple-A" is a game industry term" [X Link](https://x.com/ryanberckmans/status/1683149134566490113) 2023-07-23T16:16Z 22.8K followers, [--] engagements "@Xatarrer @nextalphaa I'm sorry to hear that about Gods Unchained. Can you tell me more about the rug pull I know that IMX basically pivoted from being primarily a game developer to an infrastructure provider. I see how that could amount to a rug for the game. Is that related" [X Link](https://x.com/ryanberckmans/status/1683152955397099521) 2023-07-23T16:31Z 23K followers, [--] engagements "@smsunarto I don't think you've represented Immutable X's or my intentions well in this conversation. I wish you success in building your game platform. It's a big industry and plenty of room for all to grow" [X Link](https://x.com/ryanberckmans/status/1683285335017390080) 2023-07-24T01:17Z 23K followers, [--] engagements "@smsunarto Apparently TTV means "total transaction value" which I suspect may be similar to sales volume of digital collectibles. To me it sounds like Immutable X was trying to forecast future sales volume based on their recent onboarding success. It's not any of your business but" [X Link](https://x.com/ryanberckmans/status/1683305412202774528) 2023-07-24T02:37Z 22.7K followers, [--] engagements "Vitalik's post on biometrics hints at what so many of us find objectionable about worldcoin. His post is almost exclusively focused on technology and technological failure modes. Which is great. He seems to have accomplished what he set out to do in the post and it's a banger" [X Link](https://x.com/ryanberckmans/status/1683594901013819398) 2023-07-25T11:05Z 23K followers, 43.2K engagements "Ethereum's growing dominance in tokenized assets (RWAs) Today Avalanche's Avax Foundation announced they'll be buying $50M of tokenized real world assets on their chain. It's one of those news items that might seem trivial but imo is actually a big sign of things to come. Let me try to explain why Ethereum has solidified an early commanding lead in this all-important market of tokenized real world assets. First off note that real world asset tokenization is by far the most important growth area in crypto right now. Every single asset in the world will eventually be tokenized. This space has" [X Link](https://x.com/ryanberckmans/status/1683894014695571457) 2023-07-25T17:36Z 24K followers, 80.9K engagements "Justin has lately been the DJ Khaled of anti-L2 threads. Another One He thinks flaws in L2s are fatal. But in reality they're just growing pains. Justin it's time for some kind of bet" [X Link](https://x.com/ryanberckmans/status/1686036192788189184) 2023-07-31T21:23Z 22.8K followers, 15.8K engagements "Gitcoin is one of the best institutions in Ethereum❤ Personally I support the Shell funding and Gitcoin's vision for similar future partnerships which I hope hasn't been derailed by the backlash" [X Link](https://x.com/ryanberckmans/status/1692175731357622392) 2023-08-17T14:05Z 23K followers, [----] engagements "As Ethereum grows to global ubiquity imo we should be moderates try to avoid seeing things in extremes and welcome or tolerate groups with whom we might not otherwise agree. Perhaps especially when these groups put money into neutral funding mechanisms" [X Link](https://x.com/ryanberckmans/status/1692175732963995773) 2023-08-17T14:05Z 23K followers, [---] engagements "The app layer has no research risk From where we're at today there's no "research risk" or required breakthroughs in the journey of the app layer becoming ubiquitously useful. It's a guaranteed mechanical process. Many people seem to misunderstand this and that means they're undervaluing ETH. Let me try to explain why. "friendtech has shown that Progressive Web Apps (PWAs) web apps that act like native apps offer sufficient UX/UI to reach adoption." That quote is from a thread today. The word "shown" in the quote is doing a lot of heavy lifting. Certainly friendtech has successfully" [X Link](https://x.com/ryanberckmans/status/1692921007172899088) 2023-08-19T15:26Z 22.8K followers, 32.6K engagements "I'm with you we can't get gas fees to zero without breaking the chains. Yet when I say "transactions costs" I mean it in the economic sense of wholistic friction including gas fees and every other kind of friction. When I said "going to zero" I was being illustrative. I don't mean literally zero I mean extremely low relative to today's or last year's levels of friction. To your point gas fees need to become and stay "sufficiently low". Between EIP [----] validiums AnyTrust etc we are nearly there" [X Link](https://x.com/ryanberckmans/status/1692947668996161923) 2023-08-19T17:12Z 23K followers, [---] engagements "USDC is launching natively on [--] new chains between Sept-Oct My guess for the [--] chains [--]. Noble (not a guess they announced it) [--]. Base [--]. Optimism [--]. Gnosis [--]. Aptos [--]. Sui Base/Optimism easy. Gnosis has Card but no native USDC. Aptos/Sui may be paying for the privilege" [X Link](https://x.com/ryanberckmans/status/1694052355489083729) 2023-08-22T18:22Z 22.6K followers, 18.5K engagements "Thoughts on Paradigm's Open Problems of OnchainGames" [X Link](https://x.com/ryanberckmans/status/1694070768252985362) 2023-08-22T19:35Z 23K followers, [----] engagements "The [--] new USDC chains were announced. I was wrong about Gnosis Aptos and Sui. The full list [--]. Noble [--]. Base [--]. Optimism [--]. Polygon PoS (this one threw me for a loop. USDC is already "live" as an official bridged token listed on Circle homepage so" [X Link](https://x.com/ryanberckmans/status/1694352304688751101) 2023-08-23T14:14Z 22.7K followers, [--] engagements "@Fiskantes It's the emergence of the onchain service economy and financialization of many parts of social and the internet. Friendtech may join Clubhouse as a platform that pioneered great UX and features but is stripped for parts as these UX+features are adopted by other platforms" [X Link](https://x.com/ryanberckmans/status/1695050830125187083) 2023-08-25T12:29Z 26K followers, [---] engagements "@Fiskantes Friendtech's paid chatgroups are too useful to be gated by their bonding curve shitty chat UI predatory fees and bad revenue share. It will be fixed by themselves or popularized elsewhere" [X Link](https://x.com/ryanberckmans/status/1695051071075274985) 2023-08-25T12:30Z 26K followers, [---] engagements "Since you can install a PWA from any mobile browser Coinbase Wall3t and M3t_M@sk should run hard into being PWA app stores. In-wallet UX closely resembles app store. PWAs automatically have access to your wallet and even light clients. No need for an in-app wallet per app" [X Link](https://x.com/ryanberckmans/status/1695053064611237910) 2023-08-25T12:38Z 22.5K followers, 10.6K engagements "The Wyoming Stable Token Commission is exploring launching the world's first government-run stablecoin. For the Commission's September meeting I'll be traveling to Wyoming to represent the Ethereum community. Let's help get Wyoming on Ethereum😍" [X Link](https://x.com/ryanberckmans/status/1695060082373898568) 2023-08-25T13:06Z 22.5K followers, [----] engagements "@0x_Osprey The joke thinly conceals a serious point that every time Solana has required a reboot Anatoly seems to personally assist with reboot coordination and that they may want to consider more bench depth and new champions. It pokes at Solana's decentralization theater" [X Link](https://x.com/ryanberckmans/status/1695189433627086861) 2023-08-25T21:40Z 22.7K followers, [--] engagements "Crazy to see proof of work cost theory meet reality Miners are running on debt leverage and shareholder dilution to delay the inevitable pain of dumping most rewards. Hey there healthy coin" [X Link](https://x.com/ryanberckmans/status/1695780709732958528) 2023-08-27T12:50Z 22.6K followers, [--] engagements "Basically miners are like Nicolas Cage. Terrible with money. Spend whatever they earn no matter how much. Occasionally run up an unsustainable huge debt for a couple years to pretend they're richer than they are. But Nick Cage overcame his problem. With miners it's genetic☠" [X Link](https://x.com/ryanberckmans/status/1695780711171502118) 2023-08-27T12:50Z 22.6K followers, [--] engagements "@crypto_bunker yeah Bitcoin is a bad industry leader. The cost of mining hurts not only BTC profits but also removes billions per year in exit liquidity that could be used by all coins. BTC is a lie. it's a terrible store of value and virtually unrelated to web3's ongoing innovation" [X Link](https://x.com/ryanberckmans/status/1695876384395071981) 2023-08-27T19:10Z 23K followers, [--] engagements "there's a first-principles reason why solana is up 5% on the Grayscale ruling. People who don't understand this don't understand crypto. Like many important things in life including the US Dollar crypto valuations are based primarily on confidence. Every token's valuation is based on the market's confidence in that token in relation to BTC. There are only two kinds of price movements: 1) changes in confidence in BTC or overall crypto. 2) changes in confidence in a particular token relative to BTC SOL is up 5% because the Grayscale ruling news is almost entirely a confidence boost to BTC and" [X Link](https://x.com/ryanberckmans/status/1696577196792447454) 2023-08-29T17:34Z 22.6K followers, [---] engagements "@BrantlyMillegan @ethfollowpr If we were fine making the lists attached to an ENS name (instead of owned by an Ethereum account directly) ENS itself could simply be extended with a new record type to store a list of accounts you follow. Im open to being convinced this is the superior model. What are the" [X Link](https://x.com/ryanberckmans/status/1696617211622731824) 2023-08-29T20:13Z 22.6K followers, [--] engagements "There's nothing inherently unsustainable about confidence-based valuations. Some token valuations are scams some are unsustainable and others are based on enduring unique valuable fundamentals. The analogy here is the US Dollar vs. Swiss Franc vs. Argentine Peso. All are fiat currencies with confidence-based valuations. Yet all are very different" [X Link](https://x.com/ryanberckmans/status/1696881385926009287) 2023-08-30T13:43Z 22.8K followers, [--] engagements ""Chainlink was used as an abstraction layer to securely connect the Swift network to the Ethereum Sepolia network while Chainlinks CCIP enabled complete interoperability between the source and destination blockchains"" [X Link](https://x.com/ryanberckmans/status/1697225261941391811) 2023-08-31T12:30Z 22.7K followers, [----] engagements "@AnthonyLeeZhang What's ridiculous about a farmer in a developing country having a $25 android phone that gives him access to US Dollars US equities lending borrowing and yield all in an interface that accessibly summarizes his earnings in his local currency" [X Link](https://x.com/ryanberckmans/status/1697226703653790212) 2023-08-31T12:35Z 22.6K followers, [--] engagements "@nextalphaa @eigenlayer that's a good idea that protocols integrating stETH may want to consider how they add to the threat" [X Link](https://x.com/ryanberckmans/status/1697237606893760931) 2023-08-31T13:19Z 23K followers, [---] engagements "Ethereum Trade Network" [X Link](https://x.com/ryanberckmans/status/1697239912100012373) 2023-08-31T13:28Z 22.5K followers, 11K engagements "@sachayve The flaw in your analogy is that as tjk explained Google dominance didn't threaten the value of the internet itself but Lido dominance threatens the value of Ethereum because it undermines our credible neutrality:" [X Link](https://x.com/ryanberckmans/status/1697412575401501122) 2023-09-01T00:54Z 23K followers, [--] engagements "The popular counterargument that Lido's dominance saved us from a worse scenario of entrenched CEX staking dominance is incorrect and shouldn't be supported. Here's why: The reason that ETH staking on Coinbase and other CEXes was never a significant threat to Ethereum is that CEX liquid staking derivatives are either nonexistent or not very competitive (cbETH has huge fees no mev regulatory risk and launched [---] years after stETH) and without a strong LST a large staking share isn't a threat because it'll be eroded over time from new staking entrants. Even if this argument was correct Lido" [X Link](https://x.com/ryanberckmans/status/1697414492034891847) 2023-09-01T01:02Z 22.8K followers, [----] engagements "Making Lido Ethereum-Aligned Instead of continuing to embrace uncapped dominance here is what Lido should do to become Ethereum-aligned while still making lots of money (likely even more money than with uncapped dominance): As long as Lido's share of the total stake exceeds 22% the Lido protocol fee should increase steadily from its current base of 5% with no fee ceiling. If Lido's share dips below 22% the fee decreases steadily but never below 5%. If Lido's share holds steady at 22% the fee doesn't change. But this fee is decided by the market. It might be a lot more than 5%. That's the Lido" [X Link](https://x.com/ryanberckmans/status/1697421781491908762) 2023-09-01T01:31Z 22.7K followers, 35.6K engagements "imo the realistic worst-case scenario for Lido's uncapped dominance isn't network disruption. It's that Ethereum develops a reputation among corporations and governments as having been "captured" or "not actually that decentralized relative to other chains". If this were to happen it may affect the order of magnitude of our growth rate and therefore Ethereum's benefit to humanity and the number of zeroes on the long-term ETH valuation. Ethereum is a very low-tps chain with *by far* the most secure blockspace. This reputation is vital to the future of the L1 and L2 ecosystem. Our projected ETH" [X Link](https://x.com/ryanberckmans/status/1697641418968166483) 2023-09-01T16:03Z 22.5K followers, 145.4K engagements "@jerallaire Yes however the L2 ecosystem benefits from trust-minimized bridging in a way that cross-L1 bridges can't ever. The maturing web of cross-L2/L3 bridges of tokens apps and data will solidify L2s and L3s as categorically more useful and secure vs. alt L1s" [X Link](https://x.com/ryanberckmans/status/1698034339588473339) 2023-09-02T18:05Z 23K followers, [---] engagements "ah no. not at all. the idea of a private easy to fork appchain seems rather. pointless Anti is saying that an alt L1 appchain as the home for a decentralized stablecoin is pointless. Not public or private appchains in general. Especially as L2s which enjoy trust-minimized bridging to the L1 and between any other L2/L3. Maker as a Solana alt L1 would lack trust-minimized bridging between L2s/L3s and the use case of a home for a decentralized stablecoin seems particularly ill-suited to being on an empty alt L1. You want things like composable liquidations in such an app. Rune seems to be" [X Link](https://x.com/ryanberckmans/status/1698035446444409263) 2023-09-02T18:09Z 23K followers, [--] engagements "Rune is right that the future is a multichain network economy. Yet crucially any L2/L3 enjoys trust-minimized bridging to every other L2/L3. This means the multichain economy will thrive best on Ethereum where chains are "closer" together making each chain more useful" [X Link](https://x.com/ryanberckmans/status/1698037807866880453) 2023-09-02T18:18Z 22.5K followers, 27.1K engagements "Inter-L2 bridges are already better than cross-L1 bridges and are guaranteed to continue improving vs. cross-L1 with no research risk. Let me try to explain why. It's fair to say that today's L2s have heavy training wheels including security councils and admin multisigs. Many of these training wheels can be used to steal all assets bridged to (but not from) the L2. However in the future (1-3 years not 5-10+ years) L2s will have better training wheels (next-gen governance; safer limited powers eg. ability to freeze but not steal) and fewer training wheels. A few popular L2s will become" [X Link](https://x.com/ryanberckmans/status/1698346561267253597) 2023-09-03T14:45Z 22.5K followers, 31.8K engagements "@martinkrung @LidoFinance If Lido got drained I'd fight to the bitter end against the hard fork recovery of funds. If I lost I'd leave ethereum forever. Better to have a hacker dump $20+ billion in ETH than give up credible neutrality via an irregular state transition" [X Link](https://x.com/ryanberckmans/status/1698772409573159386) 2023-09-04T18:57Z 23K followers, [---] engagements "@PaulRBerg @3cities_xyz turns your screenshot into this. DAI USDC USDT and LUSD are automatically supported on OP Mainnet Arbitrum One Arbitrum Nova zkSync and more. Moreover 3cities is the only product that does this while being pure decentralized software. IPFS with no server" [X Link](https://x.com/ryanberckmans/status/1699077986429907240) 2023-09-05T15:12Z 25.9K followers, [---] engagements "Lido dominance is much riskier to Ethereum and that risk is more durable than Circle and Tether dominance" [X Link](https://x.com/ryanberckmans/status/1699123690925937042) 2023-09-05T18:13Z 23K followers, 31.4K engagements "A challenge with high-bandwidth chains is the highest-value use cases that demand better DA guarantees are comingled with lower-value use cases leading to the highest-value use cases being underserved by the chain's DA strategy. Maybe Solana could adopt an on-L1 "volition" where transactions could pay extra to store their data with higher guarantees than offered for Sol's entire tps" [X Link](https://x.com/ryanberckmans/status/1699483105718067600) 2023-09-06T18:02Z 23K followers, [----] engagements "I'll be giving remarks at today's Wyoming Stable Token Commission meeting. The Commission's Draft Business Plan suggests the Ethereum L1 as a natural choice for the Wyoming stablecoin's initial blockchain. Wyoming on Ethereum let's go😍" [X Link](https://x.com/ryanberckmans/status/1699772199312466281) 2023-09-07T13:10Z 23K followers, [----] engagements "Today's Wyoming Stable Token Commission meeting was great. Below is my testimony to the Commission (although my actual spoken testimony differed due to some new context) A lot happened today that I may unpack in the coming days. It's exciting to see Governor Gordon Treasurer Meier and their fellow Commissioners leading Wyoming towards launching the world's first government-run stablecoin. My testimony: Governor Commissioners thank you for the opportunity to speak today. My name is Ryan Berckmans. I'm an independent Ethereum community member. My family is Canadian and previously lived in" [X Link](https://x.com/ryanberckmans/status/1699964600480096490) 2023-09-08T01:55Z 22.7K followers, 10.7K engagements "By offering superior token holder property rights enshrined in law and otherwise not changing the stablecoin product Wyoming may win 50%+ market share from USDC and USDT. If that happened and then the total market 10x'd Wyoming's investment income on stablecoin reserves would grow Wyoming's total tax revenues by 250% because Wyoming has low taxes and a population of 600k. There's big money to be made in well-designed government-run stables with excellent property rights. The opportunity for smaller jurisdictions to run stablecoins and other real-world tokenized assets and grow their revenues" [X Link](https://x.com/ryanberckmans/status/1700198067801305262) 2023-09-08T17:23Z 22.6K followers, [----] engagements "The new MetaMask Snaps is huge. It's an app store for your wallet. Devs can now ship innovations to millions of users without needing to build a popular wallet from scratch. Wallets are still young. No company can keep up with the market's needs. Now MetaMask doesn't have to" [X Link](https://x.com/ryanberckmans/status/1701621289549435194) 2023-09-12T15:38Z 23K followers, 14.3K engagements "@spreekaway your prediction that "other rwa assets on chain have very little pmf and are doomed to fail/get rugged by feds in the long run" will end up categorically incorrect because the value of decentralized public chains in reducing friction greatly exceeds the valid concerns you gave" [X Link](https://x.com/ryanberckmans/status/1701735224361566648) 2023-09-12T23:11Z 22.5K followers, [---] engagements "@dYdX @noble_xyz @circle If the USDC is natively minted on Noble and then bridged to dydx chain using IBC then it's bridged and not native USDC on dydx chain or am I missing something" [X Link](https://x.com/ryanberckmans/status/1702322103096418647) 2023-09-14T14:03Z 22.8K followers, [---] engagements "@jelenaaa____ @dYdX @noble_xyz @circle I respect your work but this explanation doesn't connect for me. Whether or not USDC is physically locked in a bridge contract is ancillary to the question of "Is the USDC on this chain native or not" dydx chain's USDC relies on cross-L1 messaging to noble so it's not native" [X Link](https://x.com/ryanberckmans/status/1702366308476555408) 2023-09-14T16:58Z 22.5K followers, [---] engagements "@dYdX Sidechains aren't L2s. Are you trying to make dydx chain sound more ethereum-aligned than it is which is hardly at all" [X Link](https://x.com/ryanberckmans/status/1702392698844451297) 2023-09-14T18:43Z 22.7K followers, [---] engagements "Yield-bearing rebasing stables are an emerging titan Let me try to explain the coming supremacy of yield-bearing rebasing stablecoins and their likely role in driving healthy crypto regulation in the US. imo the most exciting project in crypto rn is @MountainUSDM - Mountain's" [X Link](https://x.com/ryanberckmans/status/1702789414005477478) 2023-09-15T21:00Z 22.7K followers, [---] engagements "After Congress inevitably blesses yield-bearing rebasing stables the global investment community will wake up and recognize that 90% of USDC is minted on the Ethereum L1 60% of all stablecoins are minted on the L1 (98% excluding Tron) and there's no other place in the world it" [X Link](https://x.com/ryanberckmans/status/1702790176014049667) 2023-09-15T21:03Z 22.5K followers, [--] engagements "@Appledore_0 If you can trivially build a wrapper from rebasing but not vice-versa and the rebasing underlying is often better UX for many users holding it directly then why not build a rebasing and offer a grade-A wrapper For example sounds like wUSDM may be ERC-4626 compliant" [X Link](https://x.com/ryanberckmans/status/1703089351880552771) 2023-09-16T16:51Z 23K followers, [--] engagements "@GordonGekko_CVP That's a great point that with USDM it's hard for the SEC to argue that they are "protecting" people from the "investment risk" of holding Treasuries" [X Link](https://x.com/ryanberckmans/status/1703089708413124868) 2023-09-16T16:53Z 22.8K followers, [--] engagements "@joakimhi @MountainUSDM If USDM grows to the same mkt cap as USDC and USDM adopts a 3% take rate instead of USDC's 100% take rate then Mountain would have an annual revenue of $37 million at today's interest rates. Maybe Circle is overpaid and a high-quality stable can be built for $37M/year" [X Link](https://x.com/ryanberckmans/status/1703090392772604324) 2023-09-16T16:56Z 22.7K followers, [--] engagements "@Appledore_0 @fraxfinance A two-token model of separating principal vs. yield into different tokens seems to have benefits but may introduce some friction and confusion. With two tokens my dollars don't really 'earn yield at rest' the yield was separated from the dollars and must be managed separately" [X Link](https://x.com/ryanberckmans/status/1703116166967828574) 2023-09-16T18:38Z 23K followers, [--] engagements "@nicaleta_ That's right Luna offered yield as part of the protocol. However there are two key differences that made Luna a scam vs. Mountain's USDM is the future and not a scam. One Luna's yield wasn't automatically offered to all UST holders. You had to stake (and in some cases lock" [X Link](https://x.com/ryanberckmans/status/1703117259395215427) 2023-09-16T18:42Z 23K followers, [--] engagements "@fabnev_hinmur Can you elaborate" [X Link](https://x.com/ryanberckmans/status/1703119608821973284) 2023-09-16T18:52Z 22.6K followers, [--] engagements "@jackfmurph @MountainUSDM afaik America on the whole likes it when foreigners want to hold US debt. GPT seems to have done a good job explaining" [X Link](https://x.com/ryanberckmans/status/1703123020989034923) 2023-09-16T19:05Z 23K followers, [--] engagements "@yugacohler @ErikVoorhees On a practical level crypto is on track to grow to global ubiquity and being a banner of ardent libertarianism would at best be a significant drag coefficient on our progress and at worst destabilize our trajectory" [X Link](https://x.com/ryanberckmans/status/1703573717752660365) 2023-09-18T00:56Z 22.8K followers, [---] engagements "@samlafer @MountainUSDM Hopefully defi is/becomes prepared for a graceful deleveraging of leveraged Treasuries positions after rates start going back down. We may see similar stress during the next bull run. If you run the numbers there is a good chance of an LST de-peg due to exit queue congestion" [X Link](https://x.com/ryanberckmans/status/1703898084546117949) 2023-09-18T22:25Z 22.7K followers, [--] engagements "@_skozin That's not true and Sacha shouldn't be reposting it. Lido has a lengthy documented history of - believing a winner-take-all outcome is inevitable (many people don't believe it's inevitable but rather possible based on path dependence) - wanting to be the winner who takes all" [X Link](https://x.com/ryanberckmans/status/1703930323732435062) 2023-09-19T00:33Z 22.6K followers, [--] engagements "A crucial part of Vasiliy's and your view that many serious people disagree with is the quote you gave: that's not an equilibrium. Liquidity is the only user-facing differentiator and liquidity is a virtuous circle. There are two endgames for staking: CEX dominated or a winner-takes-most defi native protocol dominated. We disagree that those two outcomes are the only two endgames. It is Lido's *theory* that those are the only two outcomes. But you consistently represent it as fact. In reality the only fact that's undisputed is that Ethereum's credible neutrality is meaningfully eroded under a" [X Link](https://x.com/ryanberckmans/status/1704192307270975643) 2023-09-19T17:54Z 22.5K followers, 12.2K engagements "The strongest thing I've ever written on Lido: "Ethereum is a wonderful beautiful accident of history where a group of benevolent geniuses somehow came together and cultivated a genuine shot at building a level playing field for all of humanity. Lido is the sole real obstacle standing between humanity and that level playing field. You guys are the worst."" [X Link](https://x.com/ryanberckmans/status/1704192534518337977) 2023-09-19T17:55Z 22.8K followers, 40.8K engagements "@jilm you "have no idea" why it's happening Perhaps you may have misread my remarks or maybe I spoke poorly: I have no idea why Lido had no real competitors for so long. The rest of it I understand pretty well. There should have been three Lido's launched in the same month" [X Link](https://x.com/ryanberckmans/status/1704203112439808491) 2023-09-19T18:37Z 22.6K followers, [---] engagements "@BiggBillBrasky I'd recommend switching from stETH to (in no particular order) Rocket Pool's rETH Frax sFRXETH StakeWise sETH2. https://www.coingecko.com/en/categories/liquid-staking-tokens https://www.coingecko.com/en/categories/liquid-staking-tokens" [X Link](https://x.com/ryanberckmans/status/1704204372979171587) 2023-09-19T18:42Z 24K followers, [----] engagements "I heard that today on the ACD call the idea of an EIP for base layer privacy was discussed. There are critical reasons that privacy must not be built into the L1 including security complexity and maintaining the thriving division of labor between L1 and L2s. No L1 privacy" [X Link](https://x.com/ryanberckmans/status/1707415746727363044) 2023-09-28T15:23Z 23K followers, [----] engagements "United Arab Emirates Dirham stablecoin launches on Ethereum The world's greatest diversity of currencies and deepest forex liquidity pools will be on Ethereum" [X Link](https://x.com/ryanberckmans/status/1709230550291009922) 2023-10-03T15:34Z 23K followers, [----] engagements "A non-monetary transaction cost is a kind of friction or inconvenience. Sometimes non-monetary transaction costs can be easily converted into monetary equivalents. For example wait [--] minutes in line = $5 of inconvenience if you assume $60/hr cost of time. Other times non-monetary transaction costs may be difficult or impossible to express into monetary equivalents. For example the requirement to obtain the permission of big banks to send international payments is a non-monetary cost of tradfi that could prevent the formation of entire industries and that can be difficult or impossible to" [X Link](https://x.com/ryanberckmans/status/1709646792713818396) 2023-10-04T19:08Z 22.6K followers, [--] engagements "@SCBuergel @wslyvh @gnosischain @RPC_h_ glad you liked the vibes we put a lot of effort into it actually working D: a big update (end of next week) will launch webhooks redirects multiple currencies and more tokens and chains. recurring payments we don't support rn" [X Link](https://x.com/ryanberckmans/status/1710061775926727035) 2023-10-05T22:37Z 22.7K followers, [---] engagements "The thing that has surprised me the most about the ongoing Lido dominance problem is how many smart well-meaning community members think that free market maximalism in the app layer extends to corruption of the base layer" [X Link](https://x.com/ryanberckmans/status/1710343200563511710) 2023-10-06T17:16Z 22.8K followers, [----] engagements "@0xhauru totally agree. Uniswap can't hurt ethereum's credible neutrality. Even extreme MEV scenarios haven't been terribly threatening to the base layer so far. But monopolistic LSTs are uniquely among apps a debilitating disease to ethereum's primary product credible neutrality" [X Link](https://x.com/ryanberckmans/status/1710345198738325639) 2023-10-06T17:24Z 22.7K followers, [----] engagements "Bitcoiners are excited that some very clever folks seem to have figured out how to verify a zk proof on Bitcoin. But their method is extremely impractical and makes Lightning look cheap and smooth in comparison. That Bitcoiners love this stuff is bullish for Ethereum. Patience" [X Link](https://x.com/ryanberckmans/status/1711444637787869608) 2023-10-09T18:12Z 22.6K followers, 39K engagements "@AdrianoFeria I wonder what'd happen if most dollars were invested in treasuries via USDM-type vehicles Monetary policy tools seem to assume that dollars invested in treasuries are to a certain extent taken out of circulation. Not so with USDM. If 95% ETH is staked nominal real yield" [X Link](https://x.com/ryanberckmans/status/1712637084513493161) 2023-10-13T01:11Z 22.7K followers, [---] engagements "Vitalik seems to have discovered a way to thwart LST centralization risk LSTs created on his proposed "central issuing contract" would - be unable to rug users with malicious gov - have *zero* risk for deposits - possibly be auto onboarded into any app supporting the contract" [X Link](https://x.com/ryanberckmans/status/1712655940627870108) 2023-10-13T02:26Z 23K followers, 13.4K engagements ""We could create a central issuing contract for LSTs - somewhat similar to ERC-4337 and ERC-6900 for wallets such that we can guarantee that any staking token issued through that contract is safe."" [X Link](https://x.com/ryanberckmans/status/1712656446771372332) 2023-10-13T02:28Z 23K followers, [----] engagements "@napgener It was once said that the right to self-custody is the hill we must die on. It's true. But it turns out that hill has a smaller hill on top of it and that's the actual hill we must die on: the right to build and hold unlicensed stablecoins in our non-custodial wallets" [X Link](https://x.com/ryanberckmans/status/1713361440961180109) 2023-10-15T01:09Z 23K followers, [---] engagements "Great real-world tokenized asset dashboard by @21co__ Scroll down to "4. Breakdown" for links to six more dashboards one for each RWA category. Ethereum and L2s have 85% of RWA TVL and 98% of distinct products 😍" [X Link](https://x.com/ryanberckmans/status/1713635691748368400) 2023-10-15T19:19Z 22.8K followers, [----] engagements "@Jsx3Noss @21co__ because ETH is the native money & gas token of the world's settlement layer & marketplace" [X Link](https://x.com/ryanberckmans/status/1713658142481842539) 2023-10-15T20:48Z 22.6K followers, [--] engagements ".@3cities_xyz decentralized payments app vs. Coinbase Wallet native payments Both took [--] second to pay. But during that [--] second 3cities scanned the wallet for [--] different stablecoins on [--] different chains to figure out the best way to pay" [X Link](https://x.com/ryanberckmans/status/1717393991262470521) 2023-10-26T04:13Z 22.5K followers, [----] engagements "At today's prices ETH has $640M/yr in structural sell pressure and BTC has $11B/yr or 17x more than ETH despite being only 3x greater market cap. April's halvening drops that 17x to 8.5x removing $5.5B/yr of sell pressure. Halvenings are crucial for bull markets. [---] months" [X Link](https://x.com/ryanberckmans/status/1717941973900800377) 2023-10-27T16:30Z 22.6K followers, 16.1K engagements "Vitalik and L2Beat say validiums are L2s" [X Link](https://x.com/ryanberckmans/status/1719361575008534911) 2023-10-31T14:31Z 22.6K followers, [----] engagements "I was a guest on Mike Munger's podcast "The Answer is Transaction Costs" discussing Ethereum's role in reducing global transaction costs. Mike often joins Russ Robert's EconTalk appearing in 5% of its [---] episodes. Other EconTalk guests include Milton Friedman and Sam Altman" [X Link](https://x.com/ryanberckmans/status/1719366282233983480) 2023-10-31T14:50Z 22.6K followers, [----] engagements "Imagine that an L1 had perfect decentralization and infinite TPS. Would the world use only that L1 No because corps & govts still want to control their own chains. That's why L2s are about profit power and politics as much as scaling. L2s are how the world actually works" [X Link](https://x.com/ryanberckmans/status/1721940085371728263) 2023-11-07T17:18Z 22.6K followers, 28.2K engagements "ETH is one of the best investments you can make "in AI" Which co's will be destroyed by AI within [--] yrs Almost nobody knows. How will AI value be captured given open-source models Hard to say. Which top AI co's can you invest in Mostly none. Can AI do what eth does Nope" [X Link](https://x.com/ryanberckmans/status/1721961975414964526) 2023-11-07T18:45Z 23K followers, 12.1K engagements "Top Ethereum real world use cases happening now [--]. Tokenized real world assets (stablecoins treasuries etc) [--]. Marketplaces for liquidity services and goods (lending consulting etc) [--]. Payments [--]. Attestations (EAS) [--]. Separating protocol from interface (farcaster etc)" [X Link](https://x.com/ryanberckmans/status/1721971682296885735) 2023-11-07T19:23Z 22.6K followers, [----] engagements "EVM validiums are the only way (and a great way) for Ethereum L2s to scale to ubiquitous sub-cent transactions while benefiting from the EVM's accumulated wallets software and infra. afaik @zksync's zkPorter and @0xPolygon's zkEvm are two EVM validiums close to launching 🚀" [X Link](https://x.com/ryanberckmans/status/1724459963752255679) 2023-11-14T16:11Z 22.7K followers, 11.2K engagements "There are three parts to the actual answer of how the L2 ecosystem eventually gets resolved. Part [--] a lot of gigabrains are working on cross-L2 systems that will reduce liquidity fragmentation and much more. But respectfully this is the least important part in the big picture. Part [--] the world has a natural demand for chain fragmentation. Even if Ethereum and other chains didn't exist and Solana was the only option and Solana had literally infinite scalability the whole world still wouldn't use only or mostly the Solana L1 they'd use a sprawling collection of Solana forks. This means any" [X Link](https://x.com/ryanberckmans/status/1725203855888056599) 2023-11-16T17:27Z 22.7K followers, 61.3K engagements "@hanni_abu @dWalletLabs @LidoFinance 🤯😵" [X Link](https://x.com/ryanberckmans/status/1727392218577834367) 2023-11-22T18:22Z 22.7K followers, [---] engagements "Shard blobs can only be bought by the whole blob [--] per block rn. Ergo scale and incumbent advantages for big L2s. Is there a service design to neutrally parcel out a blob for slice resale w/o fees or centralization We must find out" [X Link](https://x.com/ryanberckmans/status/1727697681147953198) 2023-11-23T14:36Z 22.7K followers, [----] engagements "Defragmenting L2 payments Let's say Jimmy owes [----] ETH to Bobby In theory Bobby is satisfied to accept DAI USDC USDT ETH or WETH on the L1 Arbitrum and Optimism. How should Jimmy pay One option is to go into his wallet look at his balances check multiple networks ask Bobby what he's happy to accept and figure it out. Another option is to forget all the other tokens and chains. Just send Bobby ETH on Optimism. But that's not so great because Jimmy has a few different tokens on a bunch of chains and Bobby would be happy to receive them. A third option is for Jimmy to pay using this link: When" [X Link](https://x.com/ryanberckmans/status/1727717356141510695) 2023-11-23T15:54Z 22.7K followers, 17.1K engagements "Jeff Bezos said "Your margin is my opportunity" Stripe's Black Friday dashboard gives a glimpse of the opportunity for neutral crypto payment protocols. It's only noon in SF and so far Stripe's customers would saved $100M in fees using zero-fee payments. And they will" [X Link](https://x.com/ryanberckmans/status/1728138807533248968) 2023-11-24T19:49Z 22.7K followers, 89.8K engagements "People often ask "I thought Ethereum can't do zero-fee payments" Not true I just paid myself $1 in ETH using @3cities_xyz on @arbitrum Nova. The fee was a flat $0.0007 (7% of one cent)" [X Link](https://x.com/ryanberckmans/status/1728164902471172547) 2023-11-24T21:33Z 22.7K followers, 14.8K engagements "@deww400 Examples of value add that crypto payment protocols can and will provide for zero fees: - Foreign exchange swaps at competitive rates - merchant dashboards - third party integrations - embedded checkout - AI support Processing fees are going to zero" [X Link](https://x.com/ryanberckmans/status/1728166723121971448) 2023-11-24T21:40Z 22.7K followers, [---] engagements "@blknoiz06 @sphere_labs startups like sphere have excellent payment products but are going to find that centralized solutions with processing fees are not the future" [X Link](https://x.com/ryanberckmans/status/1728167010100515172) 2023-11-24T21:41Z 22.7K followers, 21.6K engagements "Instead of debating the larger picture I'll describe the zero-fee stack we're building: [--]. 3cities for decentralized zero-fee payments. Marginal costs in this layer are the CDN for serving the static app and ethereum rpc access for the data both trivial. [--]. stablecoins for zero-fee value transfer and storage including new yield-bearing stables that pay users 4.75% at rest like USDM. [--]. wallets and CEXes for zero-fee asset custody. [--]. The multichain world for global execution and settlement. Many chains will have gas fees [--] basis points or [--] basis point for a $1 payment. Some chains will have" [X Link](https://x.com/ryanberckmans/status/1728204152772174084) 2023-11-25T00:09Z 22.7K followers, [---] engagements Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
@ryanberckmans Ryan Berckmans ryanb.eth
Ryan Berckmans ryanb.eth posts on X about ethereum, solana, onchain, bitcoin the most. They currently have [-------] followers and [----] posts still getting attention that total [-------] engagements in the last [--] hours.
Engagements: [-------] #
Mentions: [--] #
Followers: [-------] #
CreatorRank: [-------] #
Social Influence
Social category influence cryptocurrencies stocks finance technology brands exchanges countries currencies events #1352 social networks travel destinations
Social topic influence ethereum #2006, solana, onchain #1857, bitcoin, money, sol, coinbase, token, usdc, crypto #1831
Top assets mentioned Ethereum (ETH) Solana (SOL) Bitcoin (BTC) Coinbase Global Inc. (COIN) USDC (USDC) StarkNet (STRK) zkSync (ZK) BlackRock Inc (BLK) Robinhood Markets, Inc. (HOOD) Celestia (TIA) Immutable (IMX) Alphabet Inc Class A (GOOGL) Arbitrum (ARB)
Top Social Posts
Top posts by engagements in the last [--] hours
"1/ ETH holders may feel some nervousness or derision at the thought of getting DOT NEAR and SOL wrapped on ethereum. I believe this is misplaced. imo it's only good for ETH"
X Link 2020-10-24T18:04Z 26K followers, [--] engagements
"Like Swerve or not they are trying to make governance work and that's commendable. The biggest on-chain vote in Swerve's short history will begin tomorrow morning. Please read. https://t.co/BapL352H71 The biggest on-chain vote in Swerve's short history will begin tomorrow morning. Please read. https://t.co/BapL352H71"
X Link 2020-10-25T20:46Z 26K followers, [--] engagements
"ETH will flip BTC. Last week bitcoin paid miners an annual run rate of $13b. In [----] it'll still be $13b whereas for ethereum it'll be $0 due to PoS. Imagine thinking that BTC can afford to pay miners an extra $13b to $40b per yr just because BTC is more famous right now"
X Link 2021-01-15T20:20Z 27.1K followers, [---] engagements
"2/ What is Cairo Cairo is a new programming language that must be used when writing apps for StarkWare's L2 zk-rollup StarkNet. It's not possible to run Solidity apps on StarkNet. StarkWare recommends rewriting your app in Cairo. Automatic Solidity support is not coming soon"
X Link 2021-02-11T19:33Z 26K followers, [--] engagements
"@tmacsalt @ZKSwapOfficial Optimism works seamlessly with MetaMask. New users may get a one-time pop-up to add the Optimism network to their list of networks. After that they'll sign L2 transactions normally. Depositing into L2s will be cheap because exchanges are supporting withdrawals directly to L2"
X Link 2021-02-28T18:36Z 26K followers, [--] engagements
"Today StarkEx may seem relatively closed vs. Arbitrum Optimism and zkSync. Later this year (or perhaps early next year) StarkWare will become - open access - permissionless - composable Ethereum is scaling now🚀 StarkEx apps (e.g. @dydxprotocol @Immutable @deversifi) will end up on StarkNet our permissionless ZK-Rollup. All these users and liquidity will jumpstart a thriving ecosystem. StarkEx apps (e.g. @dydxprotocol @Immutable @deversifi) will end up on StarkNet our permissionless ZK-Rollup. All these users and liquidity will jumpstart a thriving ecosystem"
X Link 2021-04-23T16:26Z 26K followers, [--] engagements
"Ethereum offers the promise of at least two ways to help alleviate poverty in America. 👇"
X Link 2021-05-29T18:30Z 26K followers, [---] engagements
"First with ethereum we can end the inefficiency of trickle-down economics by giving every American an ultra-low-cost individual account directly with the Federal Reserve. For example on a private zk-based L2 run by the Fed"
X Link 2021-05-29T18:30Z 26K followers, [--] engagements
"Solana's partner Multicoin claims that zk-rollups and Ethereum's web of L2s will to paraphrase have relatively poor developer UX for a significant amount of time and during that time prevent Ethereum from effectively scaling. https://multicoin.capital/2021/05/25/technical-scalability-creates-social-scalability/ https://multicoin.capital/2021/05/25/technical-scalability-creates-social-scalability/"
X Link 2021-06-18T07:51Z 26K followers, [--] engagements
"imo Multicoin's prediction will turn out to be wrong simply because the L2 developer UX will rapidly improve. It's already off to a good start. For example Arbitrum has a nice developer UX now StarkNet's Cairo developer community is growing and Immutable X provides a REST API"
X Link 2021-06-18T07:51Z 26K followers, [--] engagements
"A Bitcoin miner is heating up an entire lake in upstate NY. "The lake is so warm you feel like you're in a hot tub. miners are permitted to discharge [---] million gallons daily at temperatures as high as [---] degrees" https://decrypt.co/75256/bitcoin-mining-is-turning-new-york-lake-into-a-hot-tub-say-locals https://decrypt.co/75256/bitcoin-mining-is-turning-new-york-lake-into-a-hot-tub-say-locals"
X Link 2021-07-06T00:50Z 26K followers, [--] engagements
"I just did my first Uniswap v3 swap on Optimistic Ethereum L2😃 The swap confirmed instantly (like all transactions on Optimism) and the transaction fee was 90% cheaper than Uniswap on L1. Congrats @optimismPBC and @Uniswap"
X Link 2021-07-13T22:46Z 26K followers, [---] engagements
"@nickyBLUeyes @anowboat @victordeleau @Krugman_Dad @antiprosynth @optimismPBC @Uniswap Were you able to switch MetaMask to the optimism network by visiting After that should have a network selector dropdown with Optimism in it. Hopefully wallets will soon ship with popular L2 networks baked in http://app.uniswap.org https://chainid.link/network=optimism http://app.uniswap.org https://chainid.link/network=optimism"
X Link 2021-07-14T00:32Z 26K followers, [--] engagements
"By redeploying Arbitrum's tech into a new rollup instance Reddit gains the benefits of having no dependency on off-chain infrastructure run by another centralized entity and no risk of increased L2 gas prices due to congestion from 3rd parties. We are ecstatic to announce that @Reddit is scaling Community Points on @ethereum using Arbitrum 🎆 https://t.co/BEjJ32qCen We are ecstatic to announce that @Reddit is scaling Community Points on @ethereum using Arbitrum 🎆 https://t.co/BEjJ32qCen"
X Link 2021-07-23T00:08Z 26K followers, [--] engagements
"We love Stefen's idea for byoa NFTs to provide extra support for accessibility on the web. Per Stefen's idea we've added an accessibility byoa algorithm to mallows. We're awarding him [--] of our treasury mallows for his contribution - thanks Stefen (DM me your wallet address) Something like this could be extremely interesting and useful for folks with mild disabilities. Holding a specific "Bring your own Algorithm" NFT could in theory automatically brighten a page you're on enlarge/magnify text on screen etc Web3 makes UX completely programmable Something like this could be extremely"
X Link 2021-08-09T15:30Z 26K followers, [--] engagements
"@CoinDesk @0xPolygon @hermez_network @cheyenneligon what a great deal for both parties. Congrats It's really nice to see polygon pursuing cutting edge tech instead of pretending that sidechains are good enough"
X Link 2021-08-13T15:24Z 26K followers, [--] engagements
"@0xponzilover I'm with you it's not there yet. But within a year you'll be able to deposit USD directly from a popular fiat on-ramp like Coinbase or Ramp into rollups with off-chain data like StarkNet for [--] fees and into Arbitrum for much lower fees. No L1 transactions needed for users"
X Link 2021-09-10T22:05Z 26K followers, [--] engagements
"dYdX's incredible growth gives us an interesting lens to look at the competitive uses of ethereum blockspace L1 space so pricey and in demand that its gets optimized at all layers of stack trading vs other apps perps vs other trades L1 vs L2 oru vs zkr whale vs fish One week later dYdX is at $16m depth within [--] bps Only $4m less than Binance ETH perp DEXs are about to become more liquid than CEXs https://t.co/IckVSoW4VI One week later dYdX is at $16m depth within [--] bps Only $4m less than Binance ETH perp DEXs are about to become more liquid than CEXs https://t.co/IckVSoW4VI"
X Link 2021-09-25T21:00Z 26K followers, [--] engagements
"Ethereum is actually scaling soon🚀 But what's the biggest threat to any delay Not L2s. @zksync @StarkWareLtd launching soon. Not UX. @MetaMask @rainbowdotme @MyCrypto are on it. Not dev UX. Rapidly improving. Biggest threat is no @coinbase onramp to zkSync and StarkNet"
X Link 2021-11-03T16:31Z 26K followers, [---] engagements
"@thetechn0cratic @LordTylerWard "Digital Assets" https://www.theblockcrypto.com/amp/linked/109497/digital-assets-tokenized-stocks-solana-ftx https://www.theblockcrypto.com/amp/linked/109497/digital-assets-tokenized-stocks-solana-ftx"
X Link 2021-11-04T04:31Z 30.8K followers, [--] engagements
"@BrendanEich @FroggyFrogster @epolynya @Philastru @CoinDesk @brave @solana @NexoFinance @zksync @StarkWareLtd @optimismPBC @arbitrum @dydxprotocol StarkNet is EVM-compatible. The free lunch $0 fees for users is expected to be available when StarkNet launches within weeks. Mostly all that's needed is an ethereum wallet and to add the StarkNet evm network similar to adding Polygon or Arbitrum"
X Link 2021-11-20T16:23Z 25.3K followers, [--] engagements
"Gearbox Protocol a new kind of quasi-aggregator in DeFi - gearbox offers leverage as a product. Borrow up to 5x your deposit. But leverage on what On any app integrated with gearbox - ie. unbundles leverage - another example of the surprising dynamism of the app layer So if you are tuned into the Ethereum chain happenings you probably noticed that a new gas guzzler emerged from the depths of Vitaliks masternode yesterday. Yes Im talking about @GearboxProtocol But what is ⚙🧰 and why should you care at all Here comes the threadooooor👇🏻 So if you are tuned into the Ethereum chain happenings"
X Link 2021-12-17T20:34Z 26K followers, [--] engagements
"@zksync I have been calling this eth's Web of Assets https://x.com/RyanBerckmans/status/1470579967637475329 L2s are more useful when they're built on Ethereum Why It's because an L2 built on ethereum has instant access to apps tokens and liquidity trustlessly bridged from the L1 and other L2s. Ethereum is the web of assets https://t.co/Fu0ieaZajc https://x.com/RyanBerckmans/status/1470579967637475329 L2s are more useful when they're built on Ethereum Why It's because an L2 built on ethereum has instant access to apps tokens and liquidity trustlessly bridged from the L1 and other L2s. Ethereum"
X Link 2022-01-08T00:09Z 25.9K followers, [--] engagements
"Gitcoin Aqueduct is an incredible example of crypto's potential to help reduce all kinds of transaction costs. It's my favorite proposal/new feature in a long time I've been working on a new ecosystem growth engine with @owocki. @gitcoin Aqueduct incentivizes ecosystem development for your project with a single line of Solidity and unbundles the work of protocol creation from the work of ecosystem support. https://t.co/mJbB5SURTr https://t.co/eJUFyBgeJp I've been working on a new ecosystem growth engine with @owocki. @gitcoin Aqueduct incentivizes ecosystem development for your project with a"
X Link 2022-01-13T22:19Z 26K followers, [--] engagements
"@TaschaLabs imo eth DeFi innovation hasn't plateaued. Here are three new apps I'm excited about @NotionalFinance fixed-rate lending with a novel capital-efficient AMM design - @PrimitiveFi derivatives without oracles - @MakerDAO is building on StarkNet to let ppl borrow DAI on L2"
X Link 2022-01-14T22:36Z 26K followers, [--] engagements
"@Bass_Oasis @stakewise_io Yes I think stakewise is liquid now. afaict their rETH2 token is swappable on uniswap with the default tokenlists. But rETH2 doesn't seem to be listed on coingecko not sure why. https://docs.stakewise.io/faq https://docs.stakewise.io/faq"
X Link 2022-02-21T18:00Z 30.6K followers, [--] engagements
"Lido and Rocket Pool are designed to socialize validator activation queue costs among all users and here are some thoughts on why this may be a sort of growth hack for Lido/RPL and not a real problem to solve @Crypto_guy_ imo the fact that Lido/RPL's old users subsidize new users if the activation queue is long may be more like a growth hack than a problem requiring a fix. One it's an inherently temporary problem that fixes itself about a year after the merge due to an accelerating. @Crypto_guy_ imo the fact that Lido/RPL's old users subsidize new users if the activation queue is long may be"
X Link 2022-03-20T22:09Z 26K followers, [--] engagements
"@jack__oo7 StakeWise for sure and Kraken has built the ability but unsure on their policy"
X Link 2022-03-20T23:28Z 30.5K followers, [--] engagements
"4/ So how might we work to ensure a balanced diversity of staking derivatives One option is for our community to continue blessing and promoting Lido's largest & fastest-growing competitor Rocket Pool. A duopoly is better than a monopoly"
X Link 2022-03-22T04:23Z 26K followers, [--] engagements
"@Jasper_ETH @Rocket_Pool It's true. Lido is a runaway growth train rn. imo it's possible maybe even likely if we stay on our current trajectory that within two years 50%+ of all ETH (not just staked ETH) may be run under Lido"
X Link 2022-04-09T18:26Z 26K followers, [--] engagements
"5/ In short the Lido staking monopoly is unnatural circumstantial and imo very unhealthy for ethereum. It makes matters worse that Lido is a cross-chain organization and not dedicated to eth"
X Link 2022-04-15T13:33Z 26K followers, [--] engagements
"6/ I think our best path forward may be to encourage the hypergrowth of Rocket Pool which is already 3x the size of the next closest staking derivative and overall in a better position to realistically catch up with Lido before the merge sends staked ETH into the 10s of millions"
X Link 2022-04-15T13:33Z 26K followers, [--] engagements
"8/ If Rocket Pool does make the adjustments that I think may be urgently required to actually grow faster than Lido then these significant dilutions to RPL will pay themselves back over time by ensuring that Rocket Pool's market share is equal to Lido vs. 18x smaller today"
X Link 2022-04-15T13:33Z 26K followers, [--] engagements
"Long-term risk to eth from staking centralization doesn't come from one entity having a large stake today. The risk comes from the expectation that one entity's share will only grow. This expectation can only exist when a staking share is defended by a significant network effect"
X Link 2022-06-08T17:01Z 31.3K followers, [--] engagements
"Today only Lido's staking share is defended by a significant network effect. Ie. from the extremely popular stETH liquid staking derivative. Lido is already at nearly 1/3 share whereas Coinbase is 50% less and Coinbase's liquid staking derivative is not yet strong like stETH"
X Link 2022-06-08T17:01Z 31.3K followers, [--] engagements
"@liron @a16z @cdixon @reckless Great. I am 100% certain that web3 has many real interesting use cases that will collectively have a significant positive impact on the world in due time. Looking forward to it"
X Link 2022-06-30T04:57Z 30.8K followers, [--] engagements
"@Jasper_ETH @Rocket_Pool Congrats"
X Link 2022-08-20T01:12Z 26K followers, [--] engagements
"If Lido self capped w a floating fee mechanism I'd have paid say up to a 17.5% fee on my stETH rev to secure my slice of stETH supply since I trust Lido a lot. Lido DAO gets 12.5% fee and staking operators their usual 5%. That DAO rev equiv to Lido dominance at 25%*2.5=62.5%"
X Link 2022-08-25T00:48Z 26K followers, [--] engagements
"@Jasper_ETH @aivainvesting @PeckShieldAlert @Rocket_Pool Yikes. This confused me. I hadn't heard of stafi. Has there been any discussion of asking stafi to change their ticker It goes without saying but I'll say it rocket pool is too important to risk confusing new users"
X Link 2022-08-26T14:34Z 26K followers, [--] engagements
"@marceaueth @Jasper_ETH @aivainvesting @PeckShieldAlert @Rocket_Pool crazy idea: given that changing their tickers is up to them and changing Rocket Pool's ticker is up to you guys what about grabbing the bull by the horns and changing the rocket pool ticker to rpETH"
X Link 2022-08-26T19:11Z 26K followers, [--] engagements
"@marceaueth @Jasper_ETH @aivainvesting @PeckShieldAlert @Rocket_Pool nobody is using rpETH afaict"
X Link 2022-08-26T19:12Z 26K followers, [--] engagements
"For example I should be able to flag my ETH-backed Maker Vault as being willing to sell new DAI (mint for a fee) or redeem existing DAI (destroy to unlock $1 in ETH for a fee). I'd guess that many whales would be happy to market-make for small fees and help support DAI"
X Link 2022-08-29T18:37Z 25.8K followers, [--] engagements
"In short I believe that DAI's best self is as maximally reliable US dollars. Maximizing reliability is not a one-dimensional problem. There's fiat censorship risk defi protocol risk smart contract risk oracle risk Maker governance risk etc"
X Link 2022-08-29T18:37Z 25.8K followers, [--] engagements
"@Calypsoipso I think you're describing the optimal long-term investment strategy. I have buddies that spend zero on gas and just stack. That being said there may be at least three kinds of rational motivations to spend on gas: 1) short-term trading "
X Link 2022-09-03T18:26Z 26.6K followers, [--] engagements
"@Calypsoipso 2) onchain leverage/staking/etc for longterm stack 3) onchain things useful in an of themselves where motivation to use them is tied to something else besides an investment. Eg. ENS realworld asset tokenization art NFTs etc. imo this category is the future of much/most growth"
X Link 2022-09-03T18:27Z 26.6K followers, [--] engagements
"Bitcoin's 2nd problem Bitcoin's security budget is unsustainable because its transaction fees haven't and won't grow nearly enough to make up for BTC issuance reduction from the halvenings"
X Link 2022-11-26T16:32Z 30.2K followers, [--] engagements
"ChatGPT giving an informative lecture on the differences between centralized and decentralized public blockchains"
X Link 2022-12-02T19:29Z 26K followers, [--] engagements
"Decentralization scale: 1) private property 2) pretty centralized 3) decentralized enough that your political and operational landscape can reasonably produce fork wars such as Ethereum's ProgPow eip1559 or ethpow. 4) maximally decentralized"
X Link 2023-01-15T01:49Z 26K followers, [----] engagements
"Real-world asset tokenization provided by @BackedFi. Congrats Backed Dashboard: I will continue to occasionally and gently poke fun at @matthuang who recently predicted that real-world assets would amount to nothing important over the long term: https://dune.com/steakhouse/backed-finance https://dune.com/steakhouse/backed-finance"
X Link 2023-02-02T14:58Z 26K followers, [----] engagements
""I've made the argument that Ether is a commodity" - CFTC Chairman Behnam at today's D.C. committee hearing 1:18:30 in the video: https://www.agriculture.senate.gov/hearings/oversight-of-the-commodity-futures-trading-commission-03-08-2023 https://www.agriculture.senate.gov/hearings/oversight-of-the-commodity-futures-trading-commission-03-08-2023"
X Link 2023-03-08T18:58Z 26K followers, [----] engagements
"On his recent Bankless ep Brian Armstrong said we need to get to where an ordinary person with an Eth wallet can whip out their phone and make a payment in [--] second as easy as sending a WhatsApp msg. How do we get there asap"
X Link 2023-03-17T20:30Z 26K followers, 31.4K engagements
"@Bagsy There's no truly permissionless way to swap BTC into stables on ETH. If there was Bitcoin would be a much more useful chain. Perhaps the best you can do is to mint tBTC. They claim it's permissionless but it's really sharded trust. Or just use Binance https://threshold.network/earn/btc https://threshold.network/earn/btc"
X Link 2023-04-02T16:27Z 26K followers, [----] engagements
"another real-world asset launch on Ethereum this time tokenized real estate affiliated with Berkshire 1/ Big News We're excited to announce that Propy is the XCEED Approved Provider for the Berkshire Hathaway HomeServices network We're thrilled to bring our expertise to one of the largest brokerage networks in the U.S https://t.co/oSmytv52Au 1/ Big News We're excited to announce that Propy is the XCEED Approved Provider for the Berkshire Hathaway HomeServices network We're thrilled to bring our expertise to one of the largest brokerage networks in the U.S https://t.co/oSmytv52Au"
X Link 2023-04-13T18:35Z 26K followers, 14.9K engagements
"French bank Societe General just launched a euro stablecoin on public Ethereum (ticker: EURCV) They're also laying the groundwork for foreign currency stables: Swiss CHF Japan JPY British GBP United States USD Every nation will issue stables in all major currencies on Ethereum French bank Societe General launches a euro stablecoin on Ethereum (ticker: EURCV) I believe this is the first stablecoin launched by a bank on public Eth but it certainly won't be the last Announcement: https://t.co/2jFE3qir5E Contract: https://t.co/xw2QjxEIs4 French bank Societe General launches a euro stablecoin on"
X Link 2023-04-20T13:40Z 30.2K followers, 22.8K engagements
"@Branche_SC I think you're right that non-financial products are better when users don't need to be significantly invested in the native token to use the chain. But Solana won't have a monopoly on low fees or letting a 3rd party pay fees on behalf of the user. L2s will be very cheap"
X Link 2023-05-16T18:07Z 23K followers, [--] engagements
"Justin wrote a scathing thread against Ethereum's L2 scaling roadmap. I don't think it's a good thread. I believe strongly in L2s they're going great. Justin makes a good point in the quoted tweet that L2 UX fragmentation is real. It's incumbent on us (app devs) to solve it"
X Link 2023-05-18T01:03Z 23K followers, [--] engagements
"@iamDCinvestor Tron and Ethereum enable Tether to make billions of dollars so it makes sense to funnel that profit into useless BTC and let it trickle down into industrial mining operations. Got it"
X Link 2023-05-18T02:02Z 22.5K followers, [--] engagements
"@tomwanhh @LidoFinance @DuneAnalytics @21Shares How is it smart to give up even short duration time value on 446k ETH"
X Link 2023-05-22T20:57Z 23K followers, [--] engagements
"@ImperiumPaper @MakerDAO All part of Phoenix stance my guy"
X Link 2023-05-23T17:03Z 22.7K followers, [--] engagements
"Tokenized US Treasury Bills are thriving on Ethereum Here's a fact sheet - TVL from $0 to $200 million in [---] months - half a dozen good competitors. More coming - yield 4.75%+ - today direct access is usually whitelisted for qualified investors (both US-based and"
X Link 2023-06-20T12:06Z 23K followers, 63.4K engagements
"In general it seems fair to say that we should expect average unencumbered users and developers to prefer to rely on a greater social consensus than a lesser one. You sleep better when your assets are secured by Eth's social consensus vs Arbitrum's or Solana's no offense meant"
X Link 2023-06-01T18:51Z 22.6K followers, [--] engagements
"My claim is: when bridging OP to Arb both Optimism and Arbitrum would prefer to do so through the L1 and not directly"
X Link 2023-06-01T18:51Z [--] followers, [--] engagements
"Optimism as the source L2 prefers bridging through the L1 because it reduces their competitor's leverage of social consensus and also especially to maximize the reach and friction-minimized interop of Op's L2 native assets being bridged to a wider network of other L2s"
X Link 2023-06-01T18:51Z 23K followers, [--] engagements
"The fact that bridging between L2s is best done through the L1 may be a foundational pillar of Ethereum's modern network effect and flywheel. Personally I'd like to see the rise of a bridging framework specializing in L2 native assets bridged through L1. Vitalik wrote about it"
X Link 2023-06-01T18:51Z 23K followers, [--] engagements
"@DeFi_Dad Notional $NOTE. The best fixed-rate lending protocol has a fully diluted valuation of $16.5m. Why so low Is something horribly broken with the protocol or the team Nope they were busy building their new v3. Long-term team. They never even made a Uniswap pool for their token"
X Link 2023-06-03T18:04Z 23K followers, [----] engagements
"Bitcoin: "BTC should replace the US Dollar as the global reserve currency" Ethereum: "We'd love to help you distribute US Dollars globally" American elites may soon prefer ETH over BTC because unlike Bitcoin Ethereum enhances and doesn't compete with USD America 🤝 Ethereum"
X Link 2023-06-09T13:28Z 30.2K followers, 22.9K engagements
"@MBSaph Ah the old "just because many of our most famous and respected community members say it all the time and just because it's structurally true as a function of the technology doesn't make it an official Bitcoin policy" defense"
X Link 2023-06-09T13:59Z 23K followers, [--] engagements
"Here's a recent fantastic development that was somewhat overshadowed by US regulatory news and market volatility: A Norwegian government stablecoin will be natively issued on public chains starting with Arbitrum https://thedefiant.io/arbitrum-onboards-norway-s-digital-krone https://thedefiant.io/arbitrum-onboards-norway-s-digital-krone"
X Link 2023-06-11T01:12Z 23.9K followers, 49.3K engagements
"@JonRamvi Thanks for clarifying. Although this official bridge to Arbitrum was temporary for the hackathon I'm encouraged that we may see a lot more of this pattern in the future"
X Link 2023-06-11T17:24Z 26K followers, [--] engagements
"Economists should understand web3 better than anybody else because web3 is primarily related to reductions in transaction costs- an economic concept. Economists should be out there telling the public "the value of web3 is that it reduces aggregate transaction costs and that will extend the market and deliver goods & services that are better cheaper and novel." Instead we see bizarre confusing narratives like Tyler Cowen's recent Bloomberg article on why web3's lack of use cases will be solved by AI. @tylercowen @EconTalker @mungowitz"
X Link 2023-06-12T16:53Z 28.4K followers, [----] engagements
"Overall Jeremy is the leading champion of the correct thesis that web3 is an extremely significant opportunity for America's geopolitical position. Selling this thesis to Congress is our best path to defeat the final boss and graduate to a prosperous era. I wish Jeremy success"
X Link 2023-06-12T20:48Z 23.9K followers, [---] engagements
"Real-world assets on Ethereum are hypergrowing You can now hold T-Bills and shares of Microsoft Coinbase Nvidia and many more in an Ethereum wallet We've added [--] public #stocks that can be traded 24/7 with instant settlement #Blackrock (BLK) #Coinbase (COIN) #Coupang (CPNG) #Intel (INTC) #Microsoft (MSFT) #Microstrategy (MSTR) #NVIDIA (NVDA) @Katieevans251 explains why tokenized stocks hit different https://t.co/dp0L6SJJrV https://t.co/Mt9loMqC9X We've added [--] public #stocks that can be traded 24/7 with instant settlement #Blackrock (BLK) #Coinbase (COIN) #Coupang (CPNG) #Intel (INTC)"
X Link 2023-06-15T13:33Z 25.3K followers, 23.6K engagements
"@XAI_GAMES @arbitrum @OffchainLabs Congrats"
X Link 2023-06-15T17:20Z 22.5K followers, [--] engagements
"I was asked how it's legal for @SwarmMarkets to tokenize Microsoft shares. Isn't that some kind of securities violation Nope. The shares are sold to an international custodian that tokenizes them under foreign laws. Ironic that American shares must go overseas to get onchain"
X Link 2023-06-15T21:33Z 27.6K followers, 15.8K engagements
"@ib1gymnast Tokenized real world assets are going to be a juggernaut of a market. Stablecoins (tokenized dollars) are already tens of billions. All of stablecoins tokenized equities and tokenized T-Bills will each exceed $100B on Ethereum within a handful of years imo"
X Link 2023-06-16T02:10Z 22.7K followers, [--] engagements
"@teleporthjfr @dondo_eth @LidoFinance You can expect an LST to curve its growth. It just has to be run by ethereum loyalists who enjoy a massive business while limiting tail risk. It's circumstantial and unlucky that Lido is run as a pure business instead of an eth aligned public good that's still hugely profitable"
X Link 2023-06-16T17:18Z 25.3K followers, [---] engagements
"Lido is considering a proposal to spend $5M on marketing. But they already run 30% of stake. How much is too much For context Lido says they believe that it'd be healthy for all staked ETH to be staked through Lido. Most people seem to agree that this view is untrue and"
X Link 2023-08-03T15:14Z 22.5K followers, 44.4K engagements
"Ambient (prev: Crocswap) is basically Uniswap v4 but open source and already live on Ethereum. From Uniswap's marketing language this week you'd think they invented hooks. But they didn't. Hooks are live on Ambient"
X Link 2023-06-16T18:38Z 23K followers, 17.5K engagements
""Ethereum has a monopoly on trustless bridging between L2s. Breaking this monopoly to allow any chain to trustlessly bridge to multiple L1s is an open research problem to which there are no known solutions." - paraphrased from Vitalik's post today"
X Link 2023-06-20T14:32Z 22.5K followers, 18.6K engagements
"The actual quote from Vitalik's new post: "One interesting research problem is identifying to what extent it is possible for a chain to have this form of connection to multiple other chains (eg. Ethereum and Zcash). Doing it naively is possible - your chain would have to reorg"
X Link 2023-06-20T14:32Z 23K followers, [----] engagements
"A great advantage of the ethereum trade network is that new L2s and L3s can come pre installed with live services that use trust minimized bridging from the L1 and other L2s. For example"
X Link 2023-06-22T00:56Z 22.7K followers, [--] engagements
"A new L3 that comes with an oracle bridge contract for easy cheap and trustless reading of the latest L1 Uniswap v3 ETH-USDC TWAP oracle price. That would let the L3 have a reliable trustless oracle for the price of ETH right when it launches no work required"
X Link 2023-06-22T00:56Z 22.7K followers, [--] engagements
"Every chain chooses either to A) help accrue value to ETH or B) have much worse security and no trust minimized bridging of assets and data from all other L2s and L3s It's the Ethereum Trade Network"
X Link 2023-06-22T01:12Z 22.5K followers, [--] engagements
"@yrulikethiss I don't think that any other major L1s will become L2s except for polygon PoS. Every major L1 has its own political story. If Solana is modified to run as an L2 I don't think the main Solana chain would seek to become an L2"
X Link 2023-06-22T16:14Z 23K followers, [--] engagements
"Buy any NFT inside any webpage without leaving the webpage Today it might seem like a toy for collectibles. In the future you'll be able to buy eg. used cars and real estate directly in the listing site Embedded finance on ethereum is going to eat the economic world"
X Link 2023-06-22T21:27Z 22.5K followers, [----] engagements
"I love how a schelling point for Rollups-as-a-Service is that every major L2 made its own service. OP Stack Arbitrum Orbit Polygon Supernets StarkNet Slush zkSync ZK Stack. Anyone will be able to 1-click launch an L2/L3. Preloaded with apps oracles bridges. Eth for all🚀"
X Link 2023-06-26T15:25Z 22.6K followers, [----] engagements
"I was asked if the world's institutions will end up using Ethereum or try to build their own public chains. I think they'll largely end up on Ethereum:"
X Link 2023-06-26T19:30Z 23K followers, [----] engagements
"The Monetary Authority of Singapore is working on tokenization projects on public Ethereum 🚀"
X Link 2023-06-28T07:05Z 23K followers, [----] engagements
"@rleshner @superstatefunds Congrats. Real world asset growth here we come"
X Link 2023-06-28T16:55Z 22.8K followers, [----] engagements
"@danheld @Nigel_Farage Does Bitcoin actually fix this though No it doesn't because Bitcoin has no real apps stablecoins or financial products. And if Bitcoin could fix Nigel's problem would it be his best option Also no. That's why you're a liar. On Ethereum today Nigel can hold many"
X Link 2023-06-29T21:10Z 23K followers, 27.8K engagements
"@aeyakovenko @danheld @Nigel_Farage do you think that fees will be too high for consumers on Polygon validium zkEVM zkSync Arbitrum Nova or StarkNet"
X Link 2023-06-29T17:27Z 23K followers, [----] engagements
"@AIWHilton @danheld @Nigel_Farage A lot of progress has been made in the last few years and happy to report that Nigel can effectively pay for his milk at Tesco with Ethereum. Nigel can sign up for a crypto-powered visa card from for example @Ledger CL @holyheld and @xapoprivatebank. He'd pay for milk with"
X Link 2023-06-30T00:53Z 22.5K followers, [----] engagements
"@specialmech You halted all transactions for [--] seconds by running a validator and proposing an empty block Some thoughts - the average proposer reward is higher than 0.05e right So your direct cost was what you gave up in fees by including zero txns. Likely more than 0.05e. Probably goes"
X Link 2023-06-29T21:05Z 22.8K followers, 10.4K engagements
"@RyanLasek @AIWHilton @danheld @Nigel_Farage @Ledger @holyheld @xapoprivatebank I think it's only a taxable event if he sells a capital gains asset like ETH to pay his visa bill. If he pays it in stablecoins it's not a capital gain although some jurisdictions might currently make you report stablecoin payments as capital gains even though the gain is zero"
X Link 2023-06-29T21:12Z 22.8K followers, [---] engagements
"@RyanLasek @FerrariNetwork @danheld @Nigel_Farage imo the biggest reason that ETH is a great investment is that blockchain technology will become the new backbone of the global economy and a lot of it will run on Ethereum and accrue value to ETH. Here's why:"
X Link 2023-06-29T21:45Z 22.5K followers, [--] engagements
"EIP [----] fee poll EIP [----] gives validators a new revenue stream through blob data priority fees. But some people think that moving L2s over to blobs may collapse ordinary gas fees. How long after [----] launches will total fees (block gas + blob gas) be greater than pre 4844"
X Link 2023-06-29T21:45Z 22.6K followers, [----] engagements
"A fresh look at why L2s accrue value to ETH😍 Happy Saturday With Ethereum's marketplace of L2s/L3s now firing on all cylinders I wanted to explore an additional aspect of how L2s help accrue value to ETH: the many ways in which L2 growth tends to grow L1 onchain activity"
X Link 2023-07-01T18:55Z 22.6K followers, [---] engagements
"Yesterday CFTC announced their new Digital Asset Markets Subcommittee Advisors include BlackRock Goldman JPMorgan Fidelity Moody's Nasdaq HSBC Polygon and Uniswap have fun staying poor https://www.cftc.gov/PressRoom/PressReleases/8740-23 https://www.cftc.gov/PressRoom/PressReleases/8740-23"
X Link 2023-07-02T01:16Z 23.9K followers, 55.3K engagements
"@jayendra_jog L2s attract brand new users as well as existing users from the L1 and other L2s. I'd guess that users who come from the L1 are often on multiple L2s and still on the L1. L2s differ widely in their user acquisition profile/strategy. For example Immutable X is attracting gamers"
X Link 2023-07-03T01:08Z 22.7K followers, [--] engagements
"@mrjasonchoi The ongoing billions wasted on bitcoin mining instead of investing in building has hurt this industry more than most insiders will ever know. At today's prices every day of BTC mining costs twenty startup seed rounds"
X Link 2023-07-08T14:38Z 22.5K followers, [--] engagements
"@permaweave Technically nobody "wants" to use an L2. If the L1 could scale to global ubiquity with no loss of credible neutrality then every kind of L2 use case could be instead built on the L1 including politically important use cases such as a permissioned L2s owned by corporations or"
X Link 2023-07-15T18:07Z 22.7K followers, [---] engagements
"Ethereum will have countless L2s/L3s Today Synthetix's Kain suggested that there aren't good reasons for Ethereum to have lots of L2s. He suggested that even [--] L2s is unrealistic. imo Kain isn't right here. I think Ethereum will eventually have tens of thousands or more of (non-ghost legitimate) L2s/L3s. Certainly way more than [--] very soon. Let me try to explain why. It's fair to say that we're likely to see a pareto 80/20 distribution of success in generalised L2s as there is in L1s and tokens. However beyond generalized L2s there are good real-world reasons to run your own L2 including"
X Link 2023-07-16T18:29Z 24K followers, 76.6K engagements
"@mikez_eth Probably. Can I interest you in some $RYAN for RyanChain"
X Link 2023-07-16T19:52Z 23.6K followers, [---] engagements
"Immutable X the Eth gaming L2 is killing it Last month IMX onboarded one funded Triple-A game per day. That's the newer batch of games. The older batch has already been building on IMX for two years. It's possible that soon the majority of Ethereum users are on IMX 🤯"
X Link 2023-07-23T17:36Z 22.8K followers, 14.8K engagements
"@smsunarto Immutable X's forecasts might be made up. Which aren't But I'd take it in good faith. Their onboarding numbers of Triple-A games isn't made up. There's like a billion $ of games being built on IMX rn. I think they're one of the most ethical and well positioned teams in web3"
X Link 2023-07-23T13:29Z 22.7K followers, [--] engagements
"@smsunarto I hear you there's a lot of terms being thrown around. The billion $ means that the Triple-A games being built on Immutable X collectively have committed funding around $1 billion by my estimate based on piecing together published numbers. "Triple-A" is a game industry term"
X Link 2023-07-23T16:16Z 22.8K followers, [--] engagements
"@Xatarrer @nextalphaa I'm sorry to hear that about Gods Unchained. Can you tell me more about the rug pull I know that IMX basically pivoted from being primarily a game developer to an infrastructure provider. I see how that could amount to a rug for the game. Is that related"
X Link 2023-07-23T16:31Z 23K followers, [--] engagements
"@smsunarto I don't think you've represented Immutable X's or my intentions well in this conversation. I wish you success in building your game platform. It's a big industry and plenty of room for all to grow"
X Link 2023-07-24T01:17Z 23K followers, [--] engagements
"@smsunarto Apparently TTV means "total transaction value" which I suspect may be similar to sales volume of digital collectibles. To me it sounds like Immutable X was trying to forecast future sales volume based on their recent onboarding success. It's not any of your business but"
X Link 2023-07-24T02:37Z 22.7K followers, [--] engagements
"Vitalik's post on biometrics hints at what so many of us find objectionable about worldcoin. His post is almost exclusively focused on technology and technological failure modes. Which is great. He seems to have accomplished what he set out to do in the post and it's a banger"
X Link 2023-07-25T11:05Z 23K followers, 43.2K engagements
"Ethereum's growing dominance in tokenized assets (RWAs) Today Avalanche's Avax Foundation announced they'll be buying $50M of tokenized real world assets on their chain. It's one of those news items that might seem trivial but imo is actually a big sign of things to come. Let me try to explain why Ethereum has solidified an early commanding lead in this all-important market of tokenized real world assets. First off note that real world asset tokenization is by far the most important growth area in crypto right now. Every single asset in the world will eventually be tokenized. This space has"
X Link 2023-07-25T17:36Z 24K followers, 80.9K engagements
"Justin has lately been the DJ Khaled of anti-L2 threads. Another One He thinks flaws in L2s are fatal. But in reality they're just growing pains. Justin it's time for some kind of bet"
X Link 2023-07-31T21:23Z 22.8K followers, 15.8K engagements
"Gitcoin is one of the best institutions in Ethereum❤ Personally I support the Shell funding and Gitcoin's vision for similar future partnerships which I hope hasn't been derailed by the backlash"
X Link 2023-08-17T14:05Z 23K followers, [----] engagements
"As Ethereum grows to global ubiquity imo we should be moderates try to avoid seeing things in extremes and welcome or tolerate groups with whom we might not otherwise agree. Perhaps especially when these groups put money into neutral funding mechanisms"
X Link 2023-08-17T14:05Z 23K followers, [---] engagements
"The app layer has no research risk From where we're at today there's no "research risk" or required breakthroughs in the journey of the app layer becoming ubiquitously useful. It's a guaranteed mechanical process. Many people seem to misunderstand this and that means they're undervaluing ETH. Let me try to explain why. "friendtech has shown that Progressive Web Apps (PWAs) web apps that act like native apps offer sufficient UX/UI to reach adoption." That quote is from a thread today. The word "shown" in the quote is doing a lot of heavy lifting. Certainly friendtech has successfully"
X Link 2023-08-19T15:26Z 22.8K followers, 32.6K engagements
"I'm with you we can't get gas fees to zero without breaking the chains. Yet when I say "transactions costs" I mean it in the economic sense of wholistic friction including gas fees and every other kind of friction. When I said "going to zero" I was being illustrative. I don't mean literally zero I mean extremely low relative to today's or last year's levels of friction. To your point gas fees need to become and stay "sufficiently low". Between EIP [----] validiums AnyTrust etc we are nearly there"
X Link 2023-08-19T17:12Z 23K followers, [---] engagements
"USDC is launching natively on [--] new chains between Sept-Oct My guess for the [--] chains [--]. Noble (not a guess they announced it) [--]. Base [--]. Optimism [--]. Gnosis [--]. Aptos [--]. Sui Base/Optimism easy. Gnosis has Card but no native USDC. Aptos/Sui may be paying for the privilege"
X Link 2023-08-22T18:22Z 22.6K followers, 18.5K engagements
"Thoughts on Paradigm's Open Problems of OnchainGames"
X Link 2023-08-22T19:35Z 23K followers, [----] engagements
"The [--] new USDC chains were announced. I was wrong about Gnosis Aptos and Sui. The full list [--]. Noble [--]. Base [--]. Optimism [--]. Polygon PoS (this one threw me for a loop. USDC is already "live" as an official bridged token listed on Circle homepage so"
X Link 2023-08-23T14:14Z 22.7K followers, [--] engagements
"@Fiskantes It's the emergence of the onchain service economy and financialization of many parts of social and the internet. Friendtech may join Clubhouse as a platform that pioneered great UX and features but is stripped for parts as these UX+features are adopted by other platforms"
X Link 2023-08-25T12:29Z 26K followers, [---] engagements
"@Fiskantes Friendtech's paid chatgroups are too useful to be gated by their bonding curve shitty chat UI predatory fees and bad revenue share. It will be fixed by themselves or popularized elsewhere"
X Link 2023-08-25T12:30Z 26K followers, [---] engagements
"Since you can install a PWA from any mobile browser Coinbase Wall3t and M3t_M@sk should run hard into being PWA app stores. In-wallet UX closely resembles app store. PWAs automatically have access to your wallet and even light clients. No need for an in-app wallet per app"
X Link 2023-08-25T12:38Z 22.5K followers, 10.6K engagements
"The Wyoming Stable Token Commission is exploring launching the world's first government-run stablecoin. For the Commission's September meeting I'll be traveling to Wyoming to represent the Ethereum community. Let's help get Wyoming on Ethereum😍"
X Link 2023-08-25T13:06Z 22.5K followers, [----] engagements
"@0x_Osprey The joke thinly conceals a serious point that every time Solana has required a reboot Anatoly seems to personally assist with reboot coordination and that they may want to consider more bench depth and new champions. It pokes at Solana's decentralization theater"
X Link 2023-08-25T21:40Z 22.7K followers, [--] engagements
"Crazy to see proof of work cost theory meet reality Miners are running on debt leverage and shareholder dilution to delay the inevitable pain of dumping most rewards. Hey there healthy coin"
X Link 2023-08-27T12:50Z 22.6K followers, [--] engagements
"Basically miners are like Nicolas Cage. Terrible with money. Spend whatever they earn no matter how much. Occasionally run up an unsustainable huge debt for a couple years to pretend they're richer than they are. But Nick Cage overcame his problem. With miners it's genetic☠"
X Link 2023-08-27T12:50Z 22.6K followers, [--] engagements
"@crypto_bunker yeah Bitcoin is a bad industry leader. The cost of mining hurts not only BTC profits but also removes billions per year in exit liquidity that could be used by all coins. BTC is a lie. it's a terrible store of value and virtually unrelated to web3's ongoing innovation"
X Link 2023-08-27T19:10Z 23K followers, [--] engagements
"there's a first-principles reason why solana is up 5% on the Grayscale ruling. People who don't understand this don't understand crypto. Like many important things in life including the US Dollar crypto valuations are based primarily on confidence. Every token's valuation is based on the market's confidence in that token in relation to BTC. There are only two kinds of price movements: 1) changes in confidence in BTC or overall crypto. 2) changes in confidence in a particular token relative to BTC SOL is up 5% because the Grayscale ruling news is almost entirely a confidence boost to BTC and"
X Link 2023-08-29T17:34Z 22.6K followers, [---] engagements
"@BrantlyMillegan @ethfollowpr If we were fine making the lists attached to an ENS name (instead of owned by an Ethereum account directly) ENS itself could simply be extended with a new record type to store a list of accounts you follow. Im open to being convinced this is the superior model. What are the"
X Link 2023-08-29T20:13Z 22.6K followers, [--] engagements
"There's nothing inherently unsustainable about confidence-based valuations. Some token valuations are scams some are unsustainable and others are based on enduring unique valuable fundamentals. The analogy here is the US Dollar vs. Swiss Franc vs. Argentine Peso. All are fiat currencies with confidence-based valuations. Yet all are very different"
X Link 2023-08-30T13:43Z 22.8K followers, [--] engagements
""Chainlink was used as an abstraction layer to securely connect the Swift network to the Ethereum Sepolia network while Chainlinks CCIP enabled complete interoperability between the source and destination blockchains""
X Link 2023-08-31T12:30Z 22.7K followers, [----] engagements
"@AnthonyLeeZhang What's ridiculous about a farmer in a developing country having a $25 android phone that gives him access to US Dollars US equities lending borrowing and yield all in an interface that accessibly summarizes his earnings in his local currency"
X Link 2023-08-31T12:35Z 22.6K followers, [--] engagements
"@nextalphaa @eigenlayer that's a good idea that protocols integrating stETH may want to consider how they add to the threat"
X Link 2023-08-31T13:19Z 23K followers, [---] engagements
"Ethereum Trade Network"
X Link 2023-08-31T13:28Z 22.5K followers, 11K engagements
"@sachayve The flaw in your analogy is that as tjk explained Google dominance didn't threaten the value of the internet itself but Lido dominance threatens the value of Ethereum because it undermines our credible neutrality:"
X Link 2023-09-01T00:54Z 23K followers, [--] engagements
"The popular counterargument that Lido's dominance saved us from a worse scenario of entrenched CEX staking dominance is incorrect and shouldn't be supported. Here's why: The reason that ETH staking on Coinbase and other CEXes was never a significant threat to Ethereum is that CEX liquid staking derivatives are either nonexistent or not very competitive (cbETH has huge fees no mev regulatory risk and launched [---] years after stETH) and without a strong LST a large staking share isn't a threat because it'll be eroded over time from new staking entrants. Even if this argument was correct Lido"
X Link 2023-09-01T01:02Z 22.8K followers, [----] engagements
"Making Lido Ethereum-Aligned Instead of continuing to embrace uncapped dominance here is what Lido should do to become Ethereum-aligned while still making lots of money (likely even more money than with uncapped dominance): As long as Lido's share of the total stake exceeds 22% the Lido protocol fee should increase steadily from its current base of 5% with no fee ceiling. If Lido's share dips below 22% the fee decreases steadily but never below 5%. If Lido's share holds steady at 22% the fee doesn't change. But this fee is decided by the market. It might be a lot more than 5%. That's the Lido"
X Link 2023-09-01T01:31Z 22.7K followers, 35.6K engagements
"imo the realistic worst-case scenario for Lido's uncapped dominance isn't network disruption. It's that Ethereum develops a reputation among corporations and governments as having been "captured" or "not actually that decentralized relative to other chains". If this were to happen it may affect the order of magnitude of our growth rate and therefore Ethereum's benefit to humanity and the number of zeroes on the long-term ETH valuation. Ethereum is a very low-tps chain with by far the most secure blockspace. This reputation is vital to the future of the L1 and L2 ecosystem. Our projected ETH"
X Link 2023-09-01T16:03Z 22.5K followers, 145.4K engagements
"@jerallaire Yes however the L2 ecosystem benefits from trust-minimized bridging in a way that cross-L1 bridges can't ever. The maturing web of cross-L2/L3 bridges of tokens apps and data will solidify L2s and L3s as categorically more useful and secure vs. alt L1s"
X Link 2023-09-02T18:05Z 23K followers, [---] engagements
"ah no. not at all. the idea of a private easy to fork appchain seems rather. pointless Anti is saying that an alt L1 appchain as the home for a decentralized stablecoin is pointless. Not public or private appchains in general. Especially as L2s which enjoy trust-minimized bridging to the L1 and between any other L2/L3. Maker as a Solana alt L1 would lack trust-minimized bridging between L2s/L3s and the use case of a home for a decentralized stablecoin seems particularly ill-suited to being on an empty alt L1. You want things like composable liquidations in such an app. Rune seems to be"
X Link 2023-09-02T18:09Z 23K followers, [--] engagements
"Rune is right that the future is a multichain network economy. Yet crucially any L2/L3 enjoys trust-minimized bridging to every other L2/L3. This means the multichain economy will thrive best on Ethereum where chains are "closer" together making each chain more useful"
X Link 2023-09-02T18:18Z 22.5K followers, 27.1K engagements
"Inter-L2 bridges are already better than cross-L1 bridges and are guaranteed to continue improving vs. cross-L1 with no research risk. Let me try to explain why. It's fair to say that today's L2s have heavy training wheels including security councils and admin multisigs. Many of these training wheels can be used to steal all assets bridged to (but not from) the L2. However in the future (1-3 years not 5-10+ years) L2s will have better training wheels (next-gen governance; safer limited powers eg. ability to freeze but not steal) and fewer training wheels. A few popular L2s will become"
X Link 2023-09-03T14:45Z 22.5K followers, 31.8K engagements
"@martinkrung @LidoFinance If Lido got drained I'd fight to the bitter end against the hard fork recovery of funds. If I lost I'd leave ethereum forever. Better to have a hacker dump $20+ billion in ETH than give up credible neutrality via an irregular state transition"
X Link 2023-09-04T18:57Z 23K followers, [---] engagements
"@PaulRBerg @3cities_xyz turns your screenshot into this. DAI USDC USDT and LUSD are automatically supported on OP Mainnet Arbitrum One Arbitrum Nova zkSync and more. Moreover 3cities is the only product that does this while being pure decentralized software. IPFS with no server"
X Link 2023-09-05T15:12Z 25.9K followers, [---] engagements
"Lido dominance is much riskier to Ethereum and that risk is more durable than Circle and Tether dominance"
X Link 2023-09-05T18:13Z 23K followers, 31.4K engagements
"A challenge with high-bandwidth chains is the highest-value use cases that demand better DA guarantees are comingled with lower-value use cases leading to the highest-value use cases being underserved by the chain's DA strategy. Maybe Solana could adopt an on-L1 "volition" where transactions could pay extra to store their data with higher guarantees than offered for Sol's entire tps"
X Link 2023-09-06T18:02Z 23K followers, [----] engagements
"I'll be giving remarks at today's Wyoming Stable Token Commission meeting. The Commission's Draft Business Plan suggests the Ethereum L1 as a natural choice for the Wyoming stablecoin's initial blockchain. Wyoming on Ethereum let's go😍"
X Link 2023-09-07T13:10Z 23K followers, [----] engagements
"Today's Wyoming Stable Token Commission meeting was great. Below is my testimony to the Commission (although my actual spoken testimony differed due to some new context) A lot happened today that I may unpack in the coming days. It's exciting to see Governor Gordon Treasurer Meier and their fellow Commissioners leading Wyoming towards launching the world's first government-run stablecoin. My testimony: Governor Commissioners thank you for the opportunity to speak today. My name is Ryan Berckmans. I'm an independent Ethereum community member. My family is Canadian and previously lived in"
X Link 2023-09-08T01:55Z 22.7K followers, 10.7K engagements
"By offering superior token holder property rights enshrined in law and otherwise not changing the stablecoin product Wyoming may win 50%+ market share from USDC and USDT. If that happened and then the total market 10x'd Wyoming's investment income on stablecoin reserves would grow Wyoming's total tax revenues by 250% because Wyoming has low taxes and a population of 600k. There's big money to be made in well-designed government-run stables with excellent property rights. The opportunity for smaller jurisdictions to run stablecoins and other real-world tokenized assets and grow their revenues"
X Link 2023-09-08T17:23Z 22.6K followers, [----] engagements
"The new MetaMask Snaps is huge. It's an app store for your wallet. Devs can now ship innovations to millions of users without needing to build a popular wallet from scratch. Wallets are still young. No company can keep up with the market's needs. Now MetaMask doesn't have to"
X Link 2023-09-12T15:38Z 23K followers, 14.3K engagements
"@spreekaway your prediction that "other rwa assets on chain have very little pmf and are doomed to fail/get rugged by feds in the long run" will end up categorically incorrect because the value of decentralized public chains in reducing friction greatly exceeds the valid concerns you gave"
X Link 2023-09-12T23:11Z 22.5K followers, [---] engagements
"@dYdX @noble_xyz @circle If the USDC is natively minted on Noble and then bridged to dydx chain using IBC then it's bridged and not native USDC on dydx chain or am I missing something"
X Link 2023-09-14T14:03Z 22.8K followers, [---] engagements
"@jelenaaa____ @dYdX @noble_xyz @circle I respect your work but this explanation doesn't connect for me. Whether or not USDC is physically locked in a bridge contract is ancillary to the question of "Is the USDC on this chain native or not" dydx chain's USDC relies on cross-L1 messaging to noble so it's not native"
X Link 2023-09-14T16:58Z 22.5K followers, [---] engagements
"@dYdX Sidechains aren't L2s. Are you trying to make dydx chain sound more ethereum-aligned than it is which is hardly at all"
X Link 2023-09-14T18:43Z 22.7K followers, [---] engagements
"Yield-bearing rebasing stables are an emerging titan Let me try to explain the coming supremacy of yield-bearing rebasing stablecoins and their likely role in driving healthy crypto regulation in the US. imo the most exciting project in crypto rn is @MountainUSDM - Mountain's"
X Link 2023-09-15T21:00Z 22.7K followers, [---] engagements
"After Congress inevitably blesses yield-bearing rebasing stables the global investment community will wake up and recognize that 90% of USDC is minted on the Ethereum L1 60% of all stablecoins are minted on the L1 (98% excluding Tron) and there's no other place in the world it"
X Link 2023-09-15T21:03Z 22.5K followers, [--] engagements
"@Appledore_0 If you can trivially build a wrapper from rebasing but not vice-versa and the rebasing underlying is often better UX for many users holding it directly then why not build a rebasing and offer a grade-A wrapper For example sounds like wUSDM may be ERC-4626 compliant"
X Link 2023-09-16T16:51Z 23K followers, [--] engagements
"@GordonGekko_CVP That's a great point that with USDM it's hard for the SEC to argue that they are "protecting" people from the "investment risk" of holding Treasuries"
X Link 2023-09-16T16:53Z 22.8K followers, [--] engagements
"@joakimhi @MountainUSDM If USDM grows to the same mkt cap as USDC and USDM adopts a 3% take rate instead of USDC's 100% take rate then Mountain would have an annual revenue of $37 million at today's interest rates. Maybe Circle is overpaid and a high-quality stable can be built for $37M/year"
X Link 2023-09-16T16:56Z 22.7K followers, [--] engagements
"@Appledore_0 @fraxfinance A two-token model of separating principal vs. yield into different tokens seems to have benefits but may introduce some friction and confusion. With two tokens my dollars don't really 'earn yield at rest' the yield was separated from the dollars and must be managed separately"
X Link 2023-09-16T18:38Z 23K followers, [--] engagements
"@nicaleta_ That's right Luna offered yield as part of the protocol. However there are two key differences that made Luna a scam vs. Mountain's USDM is the future and not a scam. One Luna's yield wasn't automatically offered to all UST holders. You had to stake (and in some cases lock"
X Link 2023-09-16T18:42Z 23K followers, [--] engagements
"@fabnev_hinmur Can you elaborate"
X Link 2023-09-16T18:52Z 22.6K followers, [--] engagements
"@jackfmurph @MountainUSDM afaik America on the whole likes it when foreigners want to hold US debt. GPT seems to have done a good job explaining"
X Link 2023-09-16T19:05Z 23K followers, [--] engagements
"@yugacohler @ErikVoorhees On a practical level crypto is on track to grow to global ubiquity and being a banner of ardent libertarianism would at best be a significant drag coefficient on our progress and at worst destabilize our trajectory"
X Link 2023-09-18T00:56Z 22.8K followers, [---] engagements
"@samlafer @MountainUSDM Hopefully defi is/becomes prepared for a graceful deleveraging of leveraged Treasuries positions after rates start going back down. We may see similar stress during the next bull run. If you run the numbers there is a good chance of an LST de-peg due to exit queue congestion"
X Link 2023-09-18T22:25Z 22.7K followers, [--] engagements
"@_skozin That's not true and Sacha shouldn't be reposting it. Lido has a lengthy documented history of - believing a winner-take-all outcome is inevitable (many people don't believe it's inevitable but rather possible based on path dependence) - wanting to be the winner who takes all"
X Link 2023-09-19T00:33Z 22.6K followers, [--] engagements
"A crucial part of Vasiliy's and your view that many serious people disagree with is the quote you gave: that's not an equilibrium. Liquidity is the only user-facing differentiator and liquidity is a virtuous circle. There are two endgames for staking: CEX dominated or a winner-takes-most defi native protocol dominated. We disagree that those two outcomes are the only two endgames. It is Lido's theory that those are the only two outcomes. But you consistently represent it as fact. In reality the only fact that's undisputed is that Ethereum's credible neutrality is meaningfully eroded under a"
X Link 2023-09-19T17:54Z 22.5K followers, 12.2K engagements
"The strongest thing I've ever written on Lido: "Ethereum is a wonderful beautiful accident of history where a group of benevolent geniuses somehow came together and cultivated a genuine shot at building a level playing field for all of humanity. Lido is the sole real obstacle standing between humanity and that level playing field. You guys are the worst.""
X Link 2023-09-19T17:55Z 22.8K followers, 40.8K engagements
"@jilm you "have no idea" why it's happening Perhaps you may have misread my remarks or maybe I spoke poorly: I have no idea why Lido had no real competitors for so long. The rest of it I understand pretty well. There should have been three Lido's launched in the same month"
X Link 2023-09-19T18:37Z 22.6K followers, [---] engagements
"@BiggBillBrasky I'd recommend switching from stETH to (in no particular order) Rocket Pool's rETH Frax sFRXETH StakeWise sETH2. https://www.coingecko.com/en/categories/liquid-staking-tokens https://www.coingecko.com/en/categories/liquid-staking-tokens"
X Link 2023-09-19T18:42Z 24K followers, [----] engagements
"I heard that today on the ACD call the idea of an EIP for base layer privacy was discussed. There are critical reasons that privacy must not be built into the L1 including security complexity and maintaining the thriving division of labor between L1 and L2s. No L1 privacy"
X Link 2023-09-28T15:23Z 23K followers, [----] engagements
"United Arab Emirates Dirham stablecoin launches on Ethereum The world's greatest diversity of currencies and deepest forex liquidity pools will be on Ethereum"
X Link 2023-10-03T15:34Z 23K followers, [----] engagements
"A non-monetary transaction cost is a kind of friction or inconvenience. Sometimes non-monetary transaction costs can be easily converted into monetary equivalents. For example wait [--] minutes in line = $5 of inconvenience if you assume $60/hr cost of time. Other times non-monetary transaction costs may be difficult or impossible to express into monetary equivalents. For example the requirement to obtain the permission of big banks to send international payments is a non-monetary cost of tradfi that could prevent the formation of entire industries and that can be difficult or impossible to"
X Link 2023-10-04T19:08Z 22.6K followers, [--] engagements
"@SCBuergel @wslyvh @gnosischain @RPC_h_ glad you liked the vibes we put a lot of effort into it actually working D: a big update (end of next week) will launch webhooks redirects multiple currencies and more tokens and chains. recurring payments we don't support rn"
X Link 2023-10-05T22:37Z 22.7K followers, [---] engagements
"The thing that has surprised me the most about the ongoing Lido dominance problem is how many smart well-meaning community members think that free market maximalism in the app layer extends to corruption of the base layer"
X Link 2023-10-06T17:16Z 22.8K followers, [----] engagements
"@0xhauru totally agree. Uniswap can't hurt ethereum's credible neutrality. Even extreme MEV scenarios haven't been terribly threatening to the base layer so far. But monopolistic LSTs are uniquely among apps a debilitating disease to ethereum's primary product credible neutrality"
X Link 2023-10-06T17:24Z 22.7K followers, [----] engagements
"Bitcoiners are excited that some very clever folks seem to have figured out how to verify a zk proof on Bitcoin. But their method is extremely impractical and makes Lightning look cheap and smooth in comparison. That Bitcoiners love this stuff is bullish for Ethereum. Patience"
X Link 2023-10-09T18:12Z 22.6K followers, 39K engagements
"@AdrianoFeria I wonder what'd happen if most dollars were invested in treasuries via USDM-type vehicles Monetary policy tools seem to assume that dollars invested in treasuries are to a certain extent taken out of circulation. Not so with USDM. If 95% ETH is staked nominal real yield"
X Link 2023-10-13T01:11Z 22.7K followers, [---] engagements
"Vitalik seems to have discovered a way to thwart LST centralization risk LSTs created on his proposed "central issuing contract" would - be unable to rug users with malicious gov - have zero risk for deposits - possibly be auto onboarded into any app supporting the contract"
X Link 2023-10-13T02:26Z 23K followers, 13.4K engagements
""We could create a central issuing contract for LSTs - somewhat similar to ERC-4337 and ERC-6900 for wallets such that we can guarantee that any staking token issued through that contract is safe.""
X Link 2023-10-13T02:28Z 23K followers, [----] engagements
"@napgener It was once said that the right to self-custody is the hill we must die on. It's true. But it turns out that hill has a smaller hill on top of it and that's the actual hill we must die on: the right to build and hold unlicensed stablecoins in our non-custodial wallets"
X Link 2023-10-15T01:09Z 23K followers, [---] engagements
"Great real-world tokenized asset dashboard by @21co__ Scroll down to "4. Breakdown" for links to six more dashboards one for each RWA category. Ethereum and L2s have 85% of RWA TVL and 98% of distinct products 😍"
X Link 2023-10-15T19:19Z 22.8K followers, [----] engagements
"@Jsx3Noss @21co__ because ETH is the native money & gas token of the world's settlement layer & marketplace"
X Link 2023-10-15T20:48Z 22.6K followers, [--] engagements
".@3cities_xyz decentralized payments app vs. Coinbase Wallet native payments Both took [--] second to pay. But during that [--] second 3cities scanned the wallet for [--] different stablecoins on [--] different chains to figure out the best way to pay"
X Link 2023-10-26T04:13Z 22.5K followers, [----] engagements
"At today's prices ETH has $640M/yr in structural sell pressure and BTC has $11B/yr or 17x more than ETH despite being only 3x greater market cap. April's halvening drops that 17x to 8.5x removing $5.5B/yr of sell pressure. Halvenings are crucial for bull markets. [---] months"
X Link 2023-10-27T16:30Z 22.6K followers, 16.1K engagements
"Vitalik and L2Beat say validiums are L2s"
X Link 2023-10-31T14:31Z 22.6K followers, [----] engagements
"I was a guest on Mike Munger's podcast "The Answer is Transaction Costs" discussing Ethereum's role in reducing global transaction costs. Mike often joins Russ Robert's EconTalk appearing in 5% of its [---] episodes. Other EconTalk guests include Milton Friedman and Sam Altman"
X Link 2023-10-31T14:50Z 22.6K followers, [----] engagements
"Imagine that an L1 had perfect decentralization and infinite TPS. Would the world use only that L1 No because corps & govts still want to control their own chains. That's why L2s are about profit power and politics as much as scaling. L2s are how the world actually works"
X Link 2023-11-07T17:18Z 22.6K followers, 28.2K engagements
"ETH is one of the best investments you can make "in AI" Which co's will be destroyed by AI within [--] yrs Almost nobody knows. How will AI value be captured given open-source models Hard to say. Which top AI co's can you invest in Mostly none. Can AI do what eth does Nope"
X Link 2023-11-07T18:45Z 23K followers, 12.1K engagements
"Top Ethereum real world use cases happening now [--]. Tokenized real world assets (stablecoins treasuries etc) [--]. Marketplaces for liquidity services and goods (lending consulting etc) [--]. Payments [--]. Attestations (EAS) [--]. Separating protocol from interface (farcaster etc)"
X Link 2023-11-07T19:23Z 22.6K followers, [----] engagements
"EVM validiums are the only way (and a great way) for Ethereum L2s to scale to ubiquitous sub-cent transactions while benefiting from the EVM's accumulated wallets software and infra. afaik @zksync's zkPorter and @0xPolygon's zkEvm are two EVM validiums close to launching 🚀"
X Link 2023-11-14T16:11Z 22.7K followers, 11.2K engagements
"There are three parts to the actual answer of how the L2 ecosystem eventually gets resolved. Part [--] a lot of gigabrains are working on cross-L2 systems that will reduce liquidity fragmentation and much more. But respectfully this is the least important part in the big picture. Part [--] the world has a natural demand for chain fragmentation. Even if Ethereum and other chains didn't exist and Solana was the only option and Solana had literally infinite scalability the whole world still wouldn't use only or mostly the Solana L1 they'd use a sprawling collection of Solana forks. This means any"
X Link 2023-11-16T17:27Z 22.7K followers, 61.3K engagements
"@hanni_abu @dWalletLabs @LidoFinance 🤯😵"
X Link 2023-11-22T18:22Z 22.7K followers, [---] engagements
"Shard blobs can only be bought by the whole blob [--] per block rn. Ergo scale and incumbent advantages for big L2s. Is there a service design to neutrally parcel out a blob for slice resale w/o fees or centralization We must find out"
X Link 2023-11-23T14:36Z 22.7K followers, [----] engagements
"Defragmenting L2 payments Let's say Jimmy owes [----] ETH to Bobby In theory Bobby is satisfied to accept DAI USDC USDT ETH or WETH on the L1 Arbitrum and Optimism. How should Jimmy pay One option is to go into his wallet look at his balances check multiple networks ask Bobby what he's happy to accept and figure it out. Another option is to forget all the other tokens and chains. Just send Bobby ETH on Optimism. But that's not so great because Jimmy has a few different tokens on a bunch of chains and Bobby would be happy to receive them. A third option is for Jimmy to pay using this link: When"
X Link 2023-11-23T15:54Z 22.7K followers, 17.1K engagements
"Jeff Bezos said "Your margin is my opportunity" Stripe's Black Friday dashboard gives a glimpse of the opportunity for neutral crypto payment protocols. It's only noon in SF and so far Stripe's customers would saved $100M in fees using zero-fee payments. And they will"
X Link 2023-11-24T19:49Z 22.7K followers, 89.8K engagements
"People often ask "I thought Ethereum can't do zero-fee payments" Not true I just paid myself $1 in ETH using @3cities_xyz on @arbitrum Nova. The fee was a flat $0.0007 (7% of one cent)"
X Link 2023-11-24T21:33Z 22.7K followers, 14.8K engagements
"@deww400 Examples of value add that crypto payment protocols can and will provide for zero fees: - Foreign exchange swaps at competitive rates - merchant dashboards - third party integrations - embedded checkout - AI support Processing fees are going to zero"
X Link 2023-11-24T21:40Z 22.7K followers, [---] engagements
"@blknoiz06 @sphere_labs startups like sphere have excellent payment products but are going to find that centralized solutions with processing fees are not the future"
X Link 2023-11-24T21:41Z 22.7K followers, 21.6K engagements
"Instead of debating the larger picture I'll describe the zero-fee stack we're building: [--]. 3cities for decentralized zero-fee payments. Marginal costs in this layer are the CDN for serving the static app and ethereum rpc access for the data both trivial. [--]. stablecoins for zero-fee value transfer and storage including new yield-bearing stables that pay users 4.75% at rest like USDM. [--]. wallets and CEXes for zero-fee asset custody. [--]. The multichain world for global execution and settlement. Many chains will have gas fees [--] basis points or [--] basis point for a $1 payment. Some chains will have"
X Link 2023-11-25T00:09Z 22.7K followers, [---] engagements
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