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Eric Wall Profile picture
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12 Sep, 4 tweets, 2 min read
So, is it now correct to say I was right directionally but 6 months early with my prediction? It took 12 months, not 6. But it happened.
Since the bet excluded stablecoins like USDT and USDC, here’s a chart of just ETH on @arbitrum which alone accounts for more than 10x of LN.
Of course this was going to happen. I can’t understand anyone who thought this was not going to happen. The weird part is I think those who bet against me did not do so because of timeline, but because they actually thought Bitcoin’s L2 TVL would keep growing faster than Ethereum
I can’t understand how little you must comprehend about the dynamics of Ethereum to believe that, yet still feel confident enough to put money on it

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More from @ercwl

Eric Wall Profile picture
14 Sep
In 2017, if a blockchain went down, I thought it was the scandal of the year.

”Omg how can it be down? Money is ”down”, what, like a server? Money can’t be a server! It can’t be down! People can die if money is down! All must learn about how awful this is so people don’t die!”
Now, I don’t think that way anymore. A blockchain is (should be) one of the most replicated data sets around, if they’re ever going to be money. As long as the data set is around and you have your private key, you can still sign transactions.
Of course, unless you have a payment channel (which would still work even when the baselayer is down), a signed transaction is not a guarantee of payment, but I bet in a mature crypto world, there will be tons of custodial apps that would accept signed transactions as collateral.
Read 10 tweets
Eric Wall Profile picture
13 Sep
1/ A random DeFi story: My colleague @VetleLunde at @ArcaneResearch told me about an arb opportunity on Aug 18 between HEZ<>MATIC. HEZ holders will be able to swap 1 HEZ for 3.5 MATIC after the announced @PolygonHermez launch.

HEZ was trading at $4.18
3.5x MATIC traded at $4.83
2/ At first I did not believe the arb was real--buying HEZ was essentially buying MATIC at a 13.5% discount if the merger would happen as announced. It was a long time since I made an effort to chase easy arbs manually in crypto (I thought they would be gone by now).
3/ There are a number of risks and limitations that can cause a discount. In this case, the obvious ones were:
- What is the % that the merger does not happen?
- How long will it take until the merger?
- How expensive is it to short $MATIC for said duration?
- How liquid is $HEZ?
Read 20 tweets
Eric Wall Profile picture
12 Sep
Lex Fridman asks boring questions.

Sam Harris just says normal things.

*ducks*
”Dude you should listen to Sam Harris”

Oh you mean you’ve never heard a normal intelligent person speak and say normal intelligent things? Wow, what a ride I am so blown away right now, I totally did not think forever of the essence of cognition, AI or psychedelics before, wow
Lex asks questions in a way to make it appear to the un-attuned listener as if he has in-depth knowledge of the themes of his interviewee subjects

But mostly he asks fuzzy roundabout questions that sound bright but misses the core

It is not an intelligent show
Read 8 tweets
Eric Wall Profile picture
6 Sep
imagine thinking that the UTXO model makes you impervious to front-running and MEV

or atleast not specifying which forms of MEV it prevents when writing a paragraph like this
ok MEV even *disappears* now 🤦‍♂️
how are wallets going to make sure they spend *the other* UTXO that isn't being used in that block -- mempool surveillance? mempools aren't universal, they're different for everyone depending on where you are in the network graph
Read 11 tweets
Eric Wall Profile picture
5 Sep
Haha 😅 well, shit happens.

What does CT think, how rekt am I on a scale from 1-A?

(A being the hexadecimal representation of 10 = ultra rekt).
Regarding HEX being the #3 highest market cap, this data is from nomics.io which lists the supply as 573 billion
HEX.

Other sites, like CMC, lists the coin at #201 (below @wanchain_org). It lists the supply HEX as supply as 173 billion HEX rather than 573 billion.
However, even with 70% of the supply discredited (I heard from hexicans like @nrdgrl007 that his is done because the OA/Richard controls such a large portion of the supply and therefore CMC postulates that part as not "valid"/"circulating"), the numbers still don't quite add up:
Read 6 tweets
Eric Wall Profile picture
4 Sep
Someone help this man
Surely this must be FUD
What do you mean ”you’re researching the solution”?

Are you saying that a Cardano dapp developer does not know how to make his dapp process more than one transaction at a time? What has Charles been talking about for those hundreds of hours on YouTube then?
Read 6 tweets

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