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5 Oct, 4 tweets, 4 min read
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More from @CroissantEth

croissant Profile picture
6 Oct
In just 6 months, my Twitter account has grown more than I could’ve ever imagined

It took hours of pure dedication and studying, but I wouldn’t of been able to do it if it weren’t for the other great researchers in the ecosystem sharing their knowledge

This includes… 🥐
.@AndreCronjeTech

Andre Cronje is one of the smartest devs working on Ethereum

-he has 20+ years exp developing, father of yield farming, automation, & solving other critical problems on $ETH

-ocassionally leaks alpha

+ his page offers a unique look inside the DeFi eco…
.@SquishChaos

Squish Chaos, author of the triple halving thesis for $ETH, and many other fantastic threads on everything DeFi

-one of my favorite accounts to follow regularly for well-delivered fundamental analysis

-picks up on unique topics and what is going on in DeFi
Read 25 tweets
croissant Profile picture
3 Oct
Before you read this thread, I ask you to forget everything you know about crypto

By starting from the very beginning we can help to fully grasp the bigger picture at play

Only then can you start to see the true mathematical genius behind Bitcoin…

Inspired by @3blue1brown 🥐
How exactly would 𝘺𝘰𝘶 go about creating a censorship-resistant, decentralized, public network on a global scale?

We can first start with a public ledger that anyone can add lines to, where individuals would transact and settle in fiat currency at a later time

Very quickly…
You’d start to see some very serious issues arise as more and more users come to the ledger for accounting, & that would require trust in each and every one of them

We don’t know if people are being honest when adding new lines of transactions to this ledger

So what do we do?
Read 25 tweets
croissant Profile picture
1 Oct
If you take a step back…

There are so many absolutely insane things that can be done with certain DeFi protocols, yet it still seems no one applies it to the world outside of crypto.

DeFi on $ETH has tons of unique opportunities for you to discover.

I’ll explain below… 🥐
Did you know that a $DAI loan can be converted to fiat & used as a traditional loan?

I know this sounds very obvious, but hear me out.

You can keep exposure to $ETH by borrowing $DAI, then use for loans on cars, houses, etc!

No credit scores, no banks, & lower interest rates…
Did you know that tens of thousands of farmers in Kenya have crop insurance thanks to smart contracts on Ethereum?

Utilizing $LINK oracles, Etherisc provides you with automated protections for a variety of use cases

It has insurance for flight delays, crops, hurricanes, & more!
Read 18 tweets
croissant Profile picture
29 Sep
I wanted to start this off by pointing out the great & professional way of which the United States approached regulation of digital assets

They have proven to be contenders of free markets by empowering this emerging asset class as it grows in the trillions of dollars

(1/13) 🥐
Now that I have your attention…

I’m actually going to go over some of the shocking ignorance displayed by many U.S. officials when discussing blockchain technology

They have almost no idea what they are talking about, and it should be very worrying.

(2/13)
In June, Senator Elizabeth Warren called for a crack down on #Bitcoin over environmental issues

But she failed to mention how much more devastating Christmas lights can be for energy usage

Furthermore, $BTC actually has properties to incentivize use of renewable energy

(3/13)
Read 14 tweets
croissant Profile picture
22 Sep
With all of the NFT hype, I’m surprised to see that ENS names aren’t going absolutely parabolic in use

I believe they are the key for the decentralized internet.

The topics discussed below represent just a fraction of the mind-blowing use cases for the Ethereum Name Service 🥐
If you have no idea what I’m talking about, don’t worry!

The Ethereum Name Service is a simple lookup system, linking certain info to a given name

But it is not just limited to $ETH, it provides a secure & decentralized way to address resources to human readable names anywhere!
With this base foundation and a bit of cryptography, ENS functions in a way that is similar to how website domains work.

What makes this so attractive is that their root of trust is native to $ETH, and holders can host decentralized websites on the next iteration of the web
Read 20 tweets
croissant Profile picture
13 Sep
There are several things leading up to an extraordinary supply shock for $ETH

It’s getting to the point where it doesn’t even matter who sells, there is simply too much demand for block space on Ethereum

Let’s discuss! 🥐
In order to understand the extent of what’s about to come, you’ll have to first take a look at figures coming out of EIP-1559

Implemented in early August, the upgrade introduced a base fee (burnt) that varies based on network congestion per block

It has already burnt 287k $ETH
Even more interestingly though, this 287,413 $ETH represents $931M that would have gone into the hands of miners previously

Miners who are infamously known for selling to cover expenses from energy intensive Proof of Work

The effects of this will be shown exponentially soon
Read 10 tweets

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