Discover and read the best of Twitter Threads about #Ethereum

Most recents (24)

0/ I have had some time to process this cryptomarket dump and I am not suprised that we saw the reaction that we did. This reflects extreme fear in *all* markets, and it is hard to have a bullish outlook on anything but fundamentals. We must return to the basic value proposition.
1/ The same guys who speculate in traditional markets also speculate on #bitcoin, so when mass panic sets in, everything "unnecessary" is sold in order to cover the tidal wave of margin calls, and they still get liquidated anyways.
2/ as much as the shills would like you to be long on #bitcoin, mining $BTC is on the verge of becoming an un-economic activity. In other words, mining cannot be profitable under 6k in a post halving world. We know that #bitcoin cannot scale economically. Period.
Read 14 tweets
1/ It's been a pretty insane last couple of days for #Ethereum and DeFi.

In the midst of the chaos, @tokensets users have been very happy as most of the Sets were sitting in USD when the market drop happened.

Let's review!

2/ The best performing Set during this downturn was the ETH RSI 60/40 Crossover Set - up 119.9% against ETH since inception (Nov 15th!).

This Set has been sitting in USDC since Feb 27th which means it weathered the entire downturn.
3/ The next best performing Set was the ETH 20 Day MA Crossover Set which is up 106% against ETH since inception (July 15th, 2019).

This Set luckily rebalanced into USDC on March 12th.
Read 6 tweets
Been reading into the whitepaper some more

The DeFi Money Market protocol tokenizes real world assets and enables anyone in the world to earn stable interest on their savings in a permissionless manner

The smart contracts reside on #Ethereum enabling composability with the rest of the #DeFi ecosystem

Attestation of real world assets backing the DMM ecosystem and the valuation of such assets are securely delivered by a decentralized #Chainlink oracle network
Details about the real world assets backing DMM tokens are kept on-chain for transparency (loan information is anonymized)

DMM tokens conform to the ERC20 standard and are overcollaterlized

Users purchase DMM tokens with $DAI or $USDC stablecoins (soon other crypto like $ETH)
Read 10 tweets
1/ "We need to recognize and fund all of the work rather than just the relatively glamorous work of pushing new features." -@zmanian…
2/ Funding "all of the work" is one of the things that initially drew me to @decredproject, which moved beyond the insistence that only miners should get paid & instead incorporated a governance system to pay all contributors

Same applies to @radicle_xyz:
3/ "Another key, more credit and upside for essential public goods should accrue to the contributors and builders while less should accrue to founders, big kahunas or other leaders." -@zmanian

Here, I believe Zaki means on a relative basis to what is now the norm, and I agree.
Read 8 tweets
THREAD: 11 pieces of important advice for hackers at future ETHGlobal events — delivered to you by notable members of the #Ethereum community 👇👇

For your presentations, go straight to a demo, no slides. You can explain your background or motivation while showing your hack!

Demos, not PowerPoints. All the work should go to the demo
Read 13 tweets
@NexusMutual is a decentralized alternative to insurance, providing the #Ethereum community protection against hacks.

Here's why it should be on your radar:
➕Anyone can buy smart contract insurance
➕Being a backer (staker) can earn up to 50% ROI
➕It's powered by #Ethereum
1⃣ Why Nexus? It's the best/only protection against a black swan/bug in a value-storing #DeFi app.

So if your options are:
❌No protection
✅New insurance that has 28% more capital on-chain than required to pay all claims, what do you choose?

Duh! [see]
2⃣With that framing, data from indicates @NexusMutual has quietly built one of the most successful #DeFi apps to date.

🚀$2.9M USD (13,141 ETH) staked by backers (Risk Assessors)
🚀9,915 ETH in total coverage (what's insured)
🚀Avg coverage = 93.5 ETH
Read 19 tweets
The #crypto bull is here.
People invest in hyped protocols, smart investors invest in promising tech, network effect, and even rumors.
I will give you my POV on #Bitcoin, on #Ethereum, #Tron and also on #IOTA
Share this with newcomers, protect future investors.
The most important rules before you invest:
-NEVER invest money that you can't afford to lose.
-NEVER participate in signal groups or pump and dump groups
-NEVER trust a stranger, don't send him money
-only trade on reputable exchanges, don't do personal trades in forums.
-You should go to (for example) Kraken, Coinbase, Binance, Bitpanda, Shapeshift, Gemini.
Create an account, verify yourself.
Only trade there and secure the account with 2FA and at best with a separate phone. Don't share your email or number anywhere!
Read 24 tweets
I see the (#ETH) public chain private chain debate the same way as centralized/internal #oracles and decentralized oracles (#LINK). Companies started using private chains, as it's easier to test with, it's private from the competition and they have higher throughput right now.
Endgoal is still public chain. This is very clear and specifically confirmed by market leaders like #EY's Paul Brody recently again, #Gartner and #Capgemini. The real value of immutable ledger and end-to-end secure smart contracts lies with the open, decentralized way.
It just takes time till companies can/should use public chain. Privacy is one condition to be met before this happens for example.

Just as these companies test around with private #ethereum chains, they test around with private/centralized smart oracles.
Read 6 tweets
I created the first 'Collateral Swap': Swapping the underlying collateral in a @MakerDAO Vault/CDP with another asset, using @AaveAave 's flash loan feature and @UniswapExchange for collateral conversion, all in one transaction w/o liquidation. 😇

#DeFi #composability #ethereum
Use case: swap the underlying collateral of a debt position for a better performing asset, without needing to payback the loan / lose your DAI position(s)
Example: if ETH price ⬇️, BAT price ⏫, then it's safer to have your collateral in BAT.

There's probably an arbitrage use case as well ...🤔
Read 8 tweets
Very impressed by the #DeFi portfolio tracker @defisnap! I took a bunch of screenshots using it on @metamask_io mobile browser to demonstrate how it visualizes my own:

💥@UniswapExchange LPs
💥@synthetix_io staking
💥@tokensets trading
💥@compoundfinance lending
1/ First your aggregate Dashboard view. Just copy/paste a wallet address and it calculates in <10 secs.

There is so much to unpack in this Dashboard. I cropped a fraction of mine which gives you a sense how much info them cram into one view. Ignore how ugly my 2nd crop is.
2/ I am always happy to see more being done to enable LPs to easily track/see their position as market makers on @UniswapExchange. I wish could track my return in USD. Currently it’s just Pool %.
Read 7 tweets
How does @Salesforce plan to use #blockchain #smartcontracts? Extending out of #CRM into supply chain management, product traceability & trading platforms.

Seem to be familiar with the oracle problem and possibly why @dappsuite integrated @chainlink.
October 2017 - Mulesoft (Salesforce company now) How to Connect Blockchains with APIs and Anypoint Platform…
February 2018 - Salesforce integrates Dapps which uses Hyperledger

13:56 mention of a “listener” (sounds like an oracle)

Well, Salesforce/Chainlink was written off but turns out Dapps integrates Chainlink in June 2019 😎…
Read 16 tweets
OK - US v Virgil Griffith, former #Ethereum developer, arraignment for crypto-currency talk in #NorthKorea. Virgil is here, with 2 lawyers. Inner City Press will live tweet. Thread
The lawyers are negotiating discovery and next date. Judge Castel still not in court room. Klein's phone is downstairs.
They seem to agree on March 17, 3:30 - St Patrick's Day. "Wear a green suit." Virgil Griffith.. laughs. Quietly.
Read 7 tweets
Controversial take: #ethereum/@ethereum needs more marketers MUCH more than it needs more engineers at this point.

Reasons in thread:
@ethereum 1 / There are loads of talented teams such as @prylabs working on #eth2. In fact there are multiple teams working on multiple clients.

However their progress is not widely known.
@ethereum 2/ #Eth 1.x technologies like optimistic rollups/zkrollups are also progressing very well, but due to lack of marketing efforts, this is not very well known either outside of the #ethereum community.
Read 6 tweets
"An Ongoing Ethereum Adoption Megathread

Intel, Microsoft, Google, Amazon, JPMorgan, AXA, StateFarm, MetLife, EY, Fidelity, NASA, UN, Docusign, and even the world's tallest skyscraper... are building on #ETH.

When the world say blockchain, it's #Ethereum.

👇Evidence Below👇"

Forbes Releases ‘Top 50 Billion-Dollar Companies Exploring Blockchain’ — Over Half are Working with #Ethereum Amazon, Google, Samsung, Facebook: The race is on for the world’s leading companies to implement blockchain.

"#Ethereum is being used for developing blockchain applications by 22 companies on the Forbes 50. This shouldn’t be too much of a surprise as Ethereum was designed to accommodate decentralized applications and smart contracts."
Read 72 tweets
Two of my favorite people collided worlds when @netw3rk read @econoar 's tweet about the @NBA's @SDinwiddie_25's tokenizing his contract on #Ethereum on the Emmy Award Winning #nbadesktop @ringernba.

What a time to be alive!

Thread 1/many
The great @ReformedBroker got the details mostly right, but oversold risk involved for easy Blockchain laughs. @SDinwiddie_25 is turning his contract into a bond, taking the money raised up front, and then paying those who hold the tokens a 2.5% rate until he repays principal.
This has been done before. #DavidBowie (EVER HEARD OF HIM???!!??) did this in the 90's & was met skeptically but ended up being a solid and memorable investment. The ambit of what Bowie wanted to do was much lower than what @SDinwiddie_25's end goals are.…
Read 19 tweets
You may have heard a crazy claim that "no one really builds on Ethereum" and that "all the products being built on Ethereum are paid for by the Ethereum Foundation or ConSensys"

Here are 359 reasons why that is wrong.

Let's start with the megacorps:
* @Nike [1]
* @MorningstarInc [2]
* @BitPay [3]
* Piemonte Holding [4]
* Spencer Dinwiddie (@SDinwiddie_25) [5]
* Ernst and Young (@EY_US) [6]
* @Accenture [7]
* Banco Santander (@bancosantander) [8]
* The Bank of New York Mellon (@BNYMellon) [9]
* @CreditSuisse [9]
* @Barclays [9]
* @UBS [9]
* @TDAmeritrade [10] [11] [12] [13]
* @Cisco [14]
* @WalmartCanada [15]
* @UN [16] [17]
* @Cognizant [18]
* @FedEx [19]
* @KPMG [20]
* First National Bank of Ohmaha (@fnbo) [21]
* George Brown College (@GBCollege) [21]
* ING Bank (@ING_news) [22]
Read 37 tweets
THREAD: Many people wrote off the #DEX space in 2019 — now they're eating their words. Let's take a look at its impressive growth and some of the factors driving this resurgence 👇🏼(1/6).
Top-level growth:

Trading activity on @KyberNetwork has exploded over the past year and continues to grow.

Trade Volume
• 2018: $70m
• 2019: $380m (+443%)

Total Trades
• 2018: 119k
• 2019: 445k (+274%)

h/t @DenizOmer (2/6)
Category expansion:

NFT trading — led by @TokenTrove's @GodsUnchained marketplace — is taking off on @0xProject. The exchange currently dwarfs other relayers who specialize in strictly financial use cases.

h/t @alex_kroeger (3/6)
Read 6 tweets
1/ 2019 has been a knockout year for the OpenLaw team 👊👊👊. We’ve been #BUDIL-ing and have some incredible partnerships and dev tools released. Check out the highlights below👇
2/ We’ve introduced Ethereum’s killer app, a smart contract stack for the ages: The #OLE Stack [OpenLaw, $link (@Chainlink) and @Ethereum]. 🔥🔥🔥…
@chainlink @ethereum 3/ Law firms are starting to see great value in leveraging #smartcontracts with real-world contracts. We’re starting to see law firms like @NLawGlobal, @BennettJonesLaw, @BlakesLaw, @_Davies_, @FaskenLaw and @StikemanElliott using OpenLaw to execute and M&A escrow agreement. 💡
Read 9 tweets
Most new #Crypto invents new words to be compatible with their product and services, some of them unless you follow it closely are just plain weird.
#Holochain being new also has it's own idioms but thankfully they are self-descriptive, below I have added and linked the main👇
words along with their descriptions. #Holochain is complex yet also understandable once you are able to put all the pieces together in your head and visualize it.

But for a new form of #Crypto a Million times faster than #Ethereum one has to expect some degree of intricacy.👇
What is #Holochain

What is #Holo

What is the difference between Holo and Holochain

What is #Holofuel

1% or less Transaction fee 👇
Read 4 tweets
To all involved in #crypto and not, DO NOT ignore this tweet

I was introduced to #bitcoin and #ethereum 5 years ago.
I even wrote my thesis on tokenizing real assets onto the #blockchain.

All I have to say is #Tezos! See threads below

$xtz #btc #eth #xmr #xrp $trx $btc
1/ #Tezos , #xtz is a decentralized blockchain that governs itself and it establishes a true digital commonwealth.
While #ethereum, is undergoing two fork, $xtz is upgrading its protocol by using voting on the blockchain.
Currently this is the 5th successful upgrade, #Babylon
2/ #Tezos is the first production-scale multi billion dollar asset tokenization project on the #blockchain.
Currently over $5 billion of assets ready in the pipeline for Q1 to be tokenized on the #xtz blockchain.

$btc $ltc $eth $eos $xtz $xmr $xrp $iot $neo $trx $ada $atom $tomo
Read 22 tweets
1/ Why I'm betting on #Chainlink instead of other #cryptocurrencies, reason 1/100: It's the main infrastructure for smart contracts, the data layer. Whats the other main part? A blockchain. Whats the main blockchain platform for smart contracts right now? Ethereum. Will it stay?
2/ I have no idea! Maybe another #blockchain becomes no #1 because #Ethereum won't be able to scale. Maybe PoS won't work. Maybe Solidity is not the fitting language for smart contracts. When I came into the DLT space, my bet was purely on smart contract platforms, mainly ETH.
3/ Now, 3 years later with a ton of knowledge and overview, I stopped betting on a single platform, but rather invest in the data layer of the smart contract systems. I have no idea which platform will be king in 5 or 10 years, but I do know that the leading platform depends on
Read 13 tweets
Some more data indicating that #Bitcoin’s attack-resistance will likely continue to deteriorate as its block subsidy declines. #halvening

Thread. 👇
Bitcoiners often state that hash power is increasing, and therefore the security of the network must be increasing, too.

However, hash power is an exceptionally poor metric for security, as described—for instance—by @OhGodAGirl:…
If transaction fees (F) were to replace issuance (I) (i.e., block subsidy) over time, the ratio F/I needs to grow indefinitely.

Let’s look at Bitcoin's F/I a bit more closely. (thanks to @coinmetrics for the raw data)
Read 13 tweets
Visit to claim your $HEX 4. Dec (UTC time), if you own BTC at Monday, 2. December 2019 (UTC time) in a non multisig wallet.
Visit, for more info🧠
Monday, 2. December 2019 (UTC time) - $BTC snapshot.
Monday, 3. December 2019 (UTC time) - AA lobby opens
Monday, 4. December 2019 (UTC time) - Claiming opens
Read 3 tweets
US Citizen Virgil Griffith who lives in Singapore, was arrested yesterday and charged for helping #NorthKorea evade US sanctions by traveling there & teaching North Korea how to use blockchain tech & #Crypto to evade US sanctions.
Griffith went to Nirth Korea to attend and give a presentation to the “Pyongyang Blockchain and Cryptocurrency Conference” (the “DPRK Cryptocurrency Conference”).

He was aware he was violating the law, was denied permission to travel there by State Dept, but went anyway.
He also encouraged other US citizens to attend the conference in North Korea. I wonder if they’ll also be arrested.

And he planned on renouncing his US citizenship and was looking into BUYING citizenship in other countries.
Read 30 tweets

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