iamDCinvestor

how are Ethereum client teams doing in incorporating AI into their development and testing workflows?

seems like there has been a quantum leap in the past year for LLM capabilities in this area

there aren’t many chains with assets where a large number of relatively early holders got rich

and many stuck around to continue to actively support it anyway over the course of many years

Ethereum is one of the very, very few

and there’s good reason for that

do not discount how important it is for people to work against a common vision

without it, people and organizations can be aimless

Ethereum, both within the EF and across the broader ecosystem, are now defining that vision, including one clear goal against it:

create a network which can allow billions of people to store $1000 each on chain, and a network where institutions will trust deploying trillions of dollars into smart contracts

a world where Ethereum is the most important global settlement layer on the planet, and the hub for all important decentralized onchain activity

join the global revolution 🌎🌍🌏

the old EF would have sold the pump, ignored calls for transparency, published the most bearish blog post you could imagine for ETH value accrual, then act indifferent and ignore institutions when they ask about ETH

the new EF uses DeFi, releases an org chart, publishes a bold vision around Ethereum's security and creates an initiative with some of the smartest and most capable people in the space to bring billions of people and trillions in capital onchain, and is ready to engage with institutions to explain the unique value proposition of Ethereum and ETH

this is one of the fastest and most legendary organizational reversals i have ever seen for a not-for-profit org in my former career as an organizational design & development expert

epic stuff, and a sign of real, meaningful change occurring

thank you to all who are involved with this change, especially @tkstanczak + @hwwonx, and everyone else who works hard at the EF everyday to ensure that Ethereum wins 💪

the “new” EF is coming right out and telling you

that the goal is to let 1 billion people safely keep $1000 onchain on Ethereum AND 1 institution safely keep $1 trillion onchain in a smart contract on Ethereum

kinda sets the vision, and the bar

i’m starting to like the new EF

if we really get massive adoption this cycle

like a massive influx of stables (USD and other), multiple L2s built by massive financial institutions, ETF inflows taking off as a result

it would not surprise me to see a shock move of ETH to like $20K this cycle, not unlike what we saw for BTC in 2017

but it’s still to early to speak so plainly. PTSD is very strong here. carry on 🫡

how can you guys not see L2s at scale are going to drive massive new utility surfaces and demand sinks for ETH?

even people who have been around for a long time are hyper skeptical

and the conversations about retuning revenue to L1 have mostly been a red herring

let me explain: use of stables on Ethereum L2s can 100x or 10000x, and use of ETH can 10x or 1000x

and it’d be a HUGE win for ETH

the “Ethereum singularity” has finally formed, but most don’t realize it yet

because it cannot be observed directly

but you can tell it exists, because assets and capital will be pulled into it so strongly that it will radically affect everything in crypto & finance

maybe you forgot, but i’ll remind you:

Ethereum is the chain for the digital culture

the kind of culture which will be remembered in 10 years and 100+ years

Yuga did right by Punks in the end, and were good stewards of the IP during their tenure

(and i’ll be holding onto my official Punk and Meebits prints from Yuga, as they’ll become ultra-rare collectors’ items)

Yuga did right by Punks in the end, and were good stewards of the IP during their tenure

(and i’ll be holding onto my official Punk and Meebits prints, as they’ll become ultra-rare collectors’ items)

for those who stuck around

i believe it’s time to say:

the NFT digital art resurgence is at hand

🖼️ 💎🙌

CryptoPunks are no longer under corporate ownership, and the IP is now transferred to a non-profit focused on advancing digital art?

wow, hyper-bullish for Punks long-term

Coinbase joining the S&P 500 will spur a new wave of interest in crypto

and they’re all going to see that Coinbase is building the future of their business on Ethereum, and hold ETH as a substantial treasury asset

but it’s probably nothing…

prediction: BlackRock will announce their own Ethereum L2 in 2025

and you still won’t have an ETH position because some VC with alt-bags told you L2s can’t benefit ETH value accrual, and you thought the future of being onchain was PvP’ing each other in the trenches 😘

a S&P 500 company has ETH as part of its treasury reserve assets to the tune of $300M+

as more companies go onchain, they won’t be the last

a newly added S&P 500 company operates a premier L2 on Ethereum

profitably, and growing its business onchain to distinguish itself from both new and old competitors

creating a new kind of economy where they will be able to seamlessly interoperate with others, in the backdrop of significant regulatory easing

pretty safe to say that many, many other companies will soon follow

we are entering a period where the center of gravity on Ethereum as a network is so strong that many businesses, governments, and others will choose to build on it as the new financial internet because everyone else is

they will bring stablecoins, government bonds, securities, and other world assets. they will bring billions of users onchain through L2s, for use cases both big and small

and in that future, 80% or more of the value of ETH will come from its use as a permissionless, programmable store of value and collateral asset

fee burn and staking return will reinforce this store of value use cases by controlling supply growth and providing a baseline rate of yield for ETH’s use as a productive asset

the remaining 20% will be from its use as the most censorship-resistant, non-custodial, and non-fiat medium of exchange on Ethereum

the more the Ethereum economy grows from value tokenized on it, so too will the value of ETH grow

this is THE multi-decade thesis for Ethereum, and for ETH

replacing Discover Financial

poetry

congrats @coinbase @brian_armstrong et al

the man self-reportedly uses many of the premier apps which utilize ETH as a programmable store of value

yet denies this use case has value and values it instead on some nonsensical revenue standard while ignoring that standard for all of his VC bags

can’t make this shit up