2026 years of combined experience of this thing
Joined October 2024
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People will look back at this price $TAC was having and they will wonder how they missed it while they trade a chinese cat on pumpfun named solana:4CxjZyMNoF1p6eXHXHv1TWpS2X47CuUmLwtGe18spump
Private transactions across Bitcoin's bitcoin:native and Ethereum's ethereum:native , better than zcash:native, zkproof
Entering the Private DeFi era with with @tacitfi
sithon.eth retweeted
All I know is that whenever the short squeeze happens it's going to be a beautiful sight.
That's pretty awesome, everything runs onchain
EVERYTHING !!! 🤯
@dnznlabs made it, great work 👏
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sithon.eth retweeted
Imagine getting margin called because Jensen Huang just had to fuck a Chinese baddie lol
sithon.eth retweeted
I feel like ppl are misunderstanding this post as Vitalik pivoting to the ETH as an SoV thesis.
I’m quite certain that he always viewed ETH as an SoV.
Why else would he keep >90% of his net worth in ETH?
Expanding on why I believe "ETH as store of value (SoV)" makes much more sense to focus on than "ETH as fee-burning token".
Three primary reasons:
1. ETH as fee-burning token never was as strong as it seemed
2. Optimizing for ETH as fee-burning token would demand Ethereum and ETH function in ways that are very hard to make compatible with decentralization and capture resistance.
3. Meanwhile, optimizing for ETH as SoV is aligned with Ethereum focusing on its unique strengths (decentralization and CROPS)
EIP-1559 (including its burn) is fine and good, we should keep them. But we should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere.
The core idea: the big thing that people appreciate about Ethereum is decentralization and CROPS. The main pragmatic benefit that these things translate into is stability. SoV is the category where that is not an unneeded extra we merely put effort into for ideological reasons, but rather a pragmatic strength from the perspective of people putting in their assets. And in the era of AI disruption, stability will be highly valued.
sithon.eth retweeted
“In the era of AI disruption, stability will be highly valued.”
ETH as store of value.
Ethereum as world computer.
Expanding on why I believe "ETH as store of value (SoV)" makes much more sense to focus on than "ETH as fee-burning token".
Three primary reasons:
1. ETH as fee-burning token never was as strong as it seemed
2. Optimizing for ETH as fee-burning token would demand Ethereum and ETH function in ways that are very hard to make compatible with decentralization and capture resistance.
3. Meanwhile, optimizing for ETH as SoV is aligned with Ethereum focusing on its unique strengths (decentralization and CROPS)
EIP-1559 (including its burn) is fine and good, we should keep them. But we should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere.
The core idea: the big thing that people appreciate about Ethereum is decentralization and CROPS. The main pragmatic benefit that these things translate into is stability. SoV is the category where that is not an unneeded extra we merely put effort into for ideological reasons, but rather a pragmatic strength from the perspective of people putting in their assets. And in the era of AI disruption, stability will be highly valued.
sithon.eth retweeted
Expanding on why I believe "ETH as store of value (SoV)" makes much more sense to focus on than "ETH as fee-burning token".
Three primary reasons:
1. ETH as fee-burning token never was as strong as it seemed
2. Optimizing for ETH as fee-burning token would demand Ethereum and ETH function in ways that are very hard to make compatible with decentralization and capture resistance.
3. Meanwhile, optimizing for ETH as SoV is aligned with Ethereum focusing on its unique strengths (decentralization and CROPS)
EIP-1559 (including its burn) is fine and good, we should keep them. But we should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere.
The core idea: the big thing that people appreciate about Ethereum is decentralization and CROPS. The main pragmatic benefit that these things translate into is stability. SoV is the category where that is not an unneeded extra we merely put effort into for ideological reasons, but rather a pragmatic strength from the perspective of people putting in their assets. And in the era of AI disruption, stability will be highly valued.
sithon.eth retweeted
I built Vercel for fully onchain websites at @ETHGlobal Mumbai.
It’s called Navik. One deploy puts your whole site on Ethereum, with no servers to run, pay for or take down. 🧵
sithon.eth retweeted
jeff from hyperliquid is 31, his protocol made $713m in a year, and he still won't say what he's worth
> harvard math and cs, quit HRT in under a year
> zero vc money. his line: if satoshi had raised a series a, bitcoin wouldn't be bitcoin
> core contributors hold ~$18.5b of HYPE. he owns no car and no house
> says staying anonymous would've been fine. went public only because someone had to push the project
my favorite detail: suit and tie for dc, hoodie when he codes. and his team asked bloomberg to keep presidents' portraits out of the photo background
he calls hyperliquid "a layer where exchanges get deployed". @entropyIO is one of them. $7.5m of open interest in august, $164m now
name another founder sitting on that much who still just works all day
