Ethereum 👀
Ethereum
Joined July 2009
- Tweets1.1K
- Following672
- Followers207
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endpoint.eth retweeted
since @lex_node turned off the ability to interact with this ridiculously dumb post and apparently doesn't thing "bad take" is a reasonable response, I will take a moment here to give a partial enumeration of all the good @drakefjustin has done in just the last 24 months:
* beam chain
* recruited about half of Protocol to the EF
* attracted dozens of new devs to Ethereum via @leanEthereum
* championed the Protocol Snarkifcation team, which became the Formal Verification team
* championed the $20M formal verification grant project with @alexanderlhicks
* founded @eth_proofs and super charged the race to real-time proving
* championed this little thing call the strawmap
* championed the Poseidon initiative with @Khovr and others
* leanVM with Emile
* championed the creation of the PQ team with @tcoratger
* countless other things that I cannot share here, but will contribute to the long term health of the ecosystem
* dozens of other things I prob don't know about bc he doesn't seek acknowledgement
* answered my DM and took a chance on a complete unknown
beast mode. fort mode. bunker mode.
endpoint.eth retweeted
Ethereum would not be Ethereum without Justin Drake.
JD has recruited most of crypto's top developers and researchers (including @dankrad). He has brought on most of the people you see and many you don't, people who could work anywhere else but chose to work silently for Ethereum and its infinitely large vision. He's the reason Post Quantum Ethereum even exists. He made @leanEthereum real. When you talk about growth, lean is setting a 100x vision for the network unlike anything else. Formal Verification of blockchains is the hot kid on the block now in crypto; who led key work that got it funded at scale? JD. Proving matters beyond blockchains; it might even be relevant for us to trust AI, and real-time proving has been pushed forward by many years because of JD.
His contributions have led to civilizational-level tools that extend far beyond blockchains; he's helped answer questions like: how do we protect information + check that software does what it promises + verify computation without simply trusting whoever runs it. That is literally civilizational-grade infrastructure.
And now let's think about what kind of research culture we want Ethereum to have.
We need people willing to put ambitious proposals and ideas in public, attach their name to them, and let everyone take them apart. Does that put Justin above criticism? Hell no. Please challenge his assumptions. Knowing him, I am sure he would appreciate it. Criticize his communications too because maybe things could have been said better.
BUT
Attacking his character is just wrong, and I cannot defend that in the slightest. If every controversial claim becomes a debate on whether someone has ever contributed anything, we end up teaching the next generation to keep their thoughts to themselves, and that is a bigger problem than anything else.
“Ethereum is in the business of disagreeing while staying together” has to mean something when we actually disagree.
You can think @drakefjustin is wrong and still be very glad that Ethereum has him. I certainly am.
endpoint.eth retweeted
People will wake up to ethereum:native once we break 0.06 ETH/BTC, and most of the world will still only learn about it once we flip it.
Ethereum is an infinitely better poster child for crypto than Bitcoin, and in my opinion, there's a near 0% chance this is not happening eventually.
I'm not here telling you this will happen tomorrow, next year, or even in 5 or 10 years... but once it happens, you absolutely want to own at least 1 ethereum:native.
No asset on Earth has the potential ethereum:native has, and no other asset will ever have that potential again.
ethereum:native is the ultimate asymmetric bet.
(this is not financial advise, DYOR)
endpoint.eth retweeted
random interesting numbers: eth issuance per day has steadily gone up from 2669 ETH on Jan 1st 2026 to 2939 ETH yesterday. as a result the sustained basefee price to offset issuance has gone up from 12.411 gwei to 13.586 gwei
endpoint.eth retweeted
Not to pick on him, but I've seen a couple of tweets on the timeline about how the issuance proposal is fixing something that isn't broken
In my opinion the chart below represents something fundamentally broken about ETH. It's basically up only, ensuring that LSTs will dominate
8363 improves the situation by capping rewards at 50% eth staked, ensuring that ETH will always be dominant over any other LST thats out there
Why is this an important consideration? There are 2 angles for it, on the basis of CROPS and the business side
1. CROPS: a world of only LSTs and no eth is terrible for censorship resistance and security. Not only can operators confiscate a user's eth, they may also rug them. This is the scenario we are currently sleepwalking towards in status quo
2. Business: all builders know how painful the L2 explosion was in deciding where to lock up precious liquidity. This directly led to the popularity of monolithic chains like solana where such fragmentation didn't exist
Now imagine the same thing except it's happening at the token level, where builders wanting to integrate eth will be confused over which LST versions of it to include. And the biggest moat of ETH, massive liquidity, will be hit and then we're really in painful territory
Honestly we should get our shit together and include it in hegota
endpoint.eth retweeted
okay, i actually love this. @ethvaorg has a vote for node operators to signal whether or not their income should be cut. they have 29 votes w 83k ETH voting no (surprise)
this represents 29 people each making $140k per year in passive income off the inflation of your ETH (1/x)
endpoint.eth retweeted
The merge was marketed as "triple halving".
Because PoW inflation was 2%. PoS inflation was expected to be 0.25%, 1/8 of original.
Now we are back to only 1 halving, not triple halving.
The issuance curve never changed.
The stake ratio climbed 4 times higher than expected.
endpoint.eth retweeted
You guys are being intellectually dishonest. Stand up for the truth. This is NOT about issuance.
We believe there is far too much ETH in staking which presents systemic risks to Ethereum.
endpoint.eth retweeted
You could set issuance to -5% and I would continue being a validator on ideological grounds; I will win any game of chicken with a financial institution on this.
endpoint.eth retweeted
yeah Satoshi was too dumb and so out of touch.
how can he/she expect people to run Bitcoin node out of altruism simply because Bitcoin the network created value for the world.
I went to an Ethereum meetup a few years back with Vitalik and Hsiaowei
The focus was staking but what struck me was their goal for increasing solo staking was all about making staking easier not making it more financially rational (even then it wasn’t, compared to DeFi)
Ethereum leadership has a profound disconnect with the real world, especially on the financial Level.
endpoint.eth retweeted
> EIP released with 48 hours notice for comments. realistically 4 months before it goes live
to address some confusion:
1. the Aug 6 deadline is for proposals, not selection for inclusion
2. the end of the selection process is nov 8. hegota actually going live is likely ~Q2 27
This is so disappointing on every level.
EIP released with 48 hours notice for comments. Realistically 4 months before it goes live. For a major network economics change with far reaching implications for all of DeFi.
Every builder on Ethereum opposes this. Why is this a focus?
None of the reasoning makes any damn sense.
This will self evidently push out solo stakers who aren't subsidized by the EF or others. It will essentially guarantee that the only ones staking are large centralized entities with zero cost of capital where users passively hold their ETH. Why?
It will obviously kill a huge chunk of DeFi which is built around the staking ecosystem. Seven of the top 10 DeFi protocols with face a capital exodus. Why?
Is the idea that a 0.8% reduction in issuance is somehow going to help ETH price? People who stake ETH don't sell it. This change will halt any new ETH getting staked and realistically will result in tens of billions of $ of ETH getting unstaked and entering into the market, not to mention the implosion of the core Ethereum use case. Why?
Is the concern that liquid staking tokens, which intermediate about a quarter of staked ETH, displace ETH as money? This reasoning betrays a cash-accounting level of understanding of the economy, as if only M1 counts as real money. LSTs serve as valuable building blocks, and in fact implement a lot of user protections that would not be appropriate to do at the network level. At a near zero cost of 10-15 bps.
I say this as a builder on Ethereum, not as someone who stands to benefit from staking issuance. I don't have much at risk here. Almost all of @ether_fi revenue is now coming from vaults and payments, staking is a small (and shrinking) part of our business.
This is bad for decentralization, this is bad for Ethereum adoption, and this is bad for the credibility of the network to roll things out this way.
This reinforces the Ethereum critics' position that the network is run by a small group of insiders with no regard for the actual users and builders on the chain. I can say that neither I nor any builder I know was asked for feedback on this before it went live.
Any nation state or large institution looking at this will justifiably have a dramatic loss of confidence in the governance and stability of Ethereum.
endpoint.eth retweeted
Time for ETH to decouple from BTC, enough is enough.
You can't keep dragging down an entire tokenization industry because the orange memecoin goes down again.
The internet economy is built on Ethereum and we need ETH to lead the way out.
endpoint.eth retweeted
the EF, Tom Lee, or Consensys should acquire @ambire , re-brand it "Ethereum Wallet", and create a near.com-style experience for Ethereum--an actual Ethereum-branded CROPS-maxi app that uses all the best aspects of Ethereum, immediately when they're released in the protocol, instead of trusting to third parties to adopt the best most CROPS features of the protocol on a lagging loosely coordinated and poorly incentivized basis
this could boost Ethereum massively. vertical integration is needed and everyone in crypto has realized it except .eths
endpoint.eth retweeted
I said we would enter MEV and DeFi. We're doing so. Let's make sure Ethereum win.
Lambda/Ergodic will provide a concrete solution in every dimension to make Ethereum win.
