Joined November 2020
- Tweets 13,690
- Following 1,647
- Followers 3,362
- Likes 25,738
1,875 Photos and videos
Jun 15
Has anyone nuked their credibility faster than David? Maybe Su Zhu?🤔
Jun 15
ETH was trading below it's 200 week SMA for the first time in history, and then Tom Lee plowed $18b into it to save it
Now its once again 30% below the 200 week SMA
Where will the next $18b of buying come from?
I am unsure
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Jun 14
Pour one out for the noobs shorting the bottom ethereum:native
Jun 9
shorting $ETH $1640, adding $1680-1700
stop $1735
target $1521, $1385, $1000, $888, $0
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Jun 14
As of last night, new bitcoins are 10.09% easier to mine as the network programmatically adjusted difficulty at block 953,568, marking the 11th-largest automatic decreased change in history.
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Uncle ↑ retweeted
Jun 6
Ethereum doesn't play a narrative game because it has every narrative. It is the most decentralized network, with the widest geographic and stake-weighted validator distribution. It is the most secure network, protected by a pool of slashable Ether that even now gives it a raw total cost of attack that far outstrips all else. It stands alone as having effective client diversity, an achievement of ecosystem coordination that reduces the chance of a software bug becoming a protocol bug. Ethereum has non-probabilistic finality without sacrificing liveness, the self-healing mechanism of the inactivity leak, a sharded data availability layer, and perfect uptime.
Ethereum is the World Computer, it is the cryptographic bulletin board with guaranteed liveness, it is the unstoppable neutral verifier of proofs, it is the hardest database in existence. It is the global settlement layer for finance, finance that pretends to be decentralized, and decentralized finance. It is where you can vote, collaborate with friends, keep your art, keep your life savings, and record your life's works. Ethereum is the Unreasonable Man's katechon of liberatory technology in a world increasingly eroding Free speech, Free software, Free association, and Free markets.
Ethereum did this without taking shortcuts; scaling has always remained conservative to keep the CROPS requirement of at-home self-verification not only feasible, but easily feasible. It does this without hiding its problems; MEV is a scourge but it is transparent, where it can be reasoned about. It takes the time to prioritize important hardening features like FOCIL even when it requires the painful decision not to focus on other improvements.
Ether doesn't play a narrative game because it has every narrative. It is programmable. It is an unconfiscatable store of value with predictable and sustainable monetary policy. It is the pristine decentralized asset of the greatest network, by which virtue it is pristine collateral in decentralized finance. This makes Ether private nonvolatile money, able to mint a number of anonymous stable cash equivalents that are cheaply transferable anywhere and everywhere. It is an inherently productive asset in both its own flourishing ecosystem and as the wage of soldiers receiving the minimal viable pay to secure us all.
The future is incredibly bright. We have all of the tools we need and simply need to actually build liberatory technology with them. Ethereum upholds incredible underlying CROPS promises, but not everything that exists atop it is accessible in a CROPS way. The sovereignty of most users is eroded bit by bit in various ways and various trust assumptions. There is no reason that we cannot do better, there is no reason that we cannot fix this, and I am excited to dedicate my life to this cause.
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Jun 6
Except no one is exiting...
Jun 6
ETH RSI hit 15 on june 5th. first time that's ever been recorded since tracking began in 2015. $1.12b in longs liquidated in 24 hours, 17-day ETF outflow streak at $308m/week, 50% of supply held at a loss. here's the problem with calling the bottom: 39.25m ETH (32% of supply) is staked and locked. panicked stakers can't sell instantly, they have to queue unstaking first. that creates a delayed second wave of sell pressure after the initial capitulation clears. RSI at 15 has never persisted and reversals always follow. but the unstaking queue means the bounce gets sold into by a cohort that couldn't sell during the crash itself. tradeable bounce, unreliable bottom.
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Jun 5
$62 BILLION dollars in $ETH is sitting comfy, storing value in the beacon chain
And no one is leaving the party
That’s a lot of money that doesn’t give AF what Trustless thinks
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Jun 5
The funny thing is, when I was buying fistfuls of $ETH at $200, I PRAYED for ETH at $1500
Now we just put in an omega bottom. All time highs are next
Life is good
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Jun 5
After we get through this, the only people left holding $ETH will be those who believe it’s the best SOV in history
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Uncle ↑ retweeted
The mechanism is ETH getting used as a SoV, medium of exchange, or unit of account. ETH as money.
We did like 100 podcasts on this?
You can believe it’s not happening or will never happen or can’t happen. But the mechanism is clear and has always has been clear.
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Uncle ↑ retweeted
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Jun 3
Sounds like @TrustlessState is buying his $ETH back
Jun 3
[ ZOOMER ]
BITMINE FILES FOR PREFERRED STOCK OFFERING OFFERING A YIELD OF 9.5%: FILING
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