Thread by @macro_diary

Personal update:

I am returning to @loopringorg full-time to help fulfill our mission of helping everyone on this planet #BeYourOwnBank💙

Now, more than ever, people need a self-custodial, decentralized version of Binance/Coinbase that can't be evil

We can achieve this +more👇

CEX's have played a valuable, temporary role for users, introducing many to the world of crypto

I respect a lot what Binance + Coinbase have built and their ability to protect their users and provide them with a great user experience

But this is not the future of #crypto

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They're essentially a replication of the same centralized, trust based systems we have now, with some #crypto baked in

They aren't truly built on crypto infrastructure + don't unlock the full potential of what crypto can/will be in the future

Anyways, first some background

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Many of you may have noticed over the past months I have been splitting my time, helping to get @taikoxyz off the ground

Taiko is going to be a leading #zkEVM effort in the #Ethereum community and I am extremely excited about this project + the team we have built there

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It was inevitable the time would come to make the hard choice to 100% focus on one or the other

@taikoxyz aims to be an Ethereum equivalent L2, essentially re-creating the Ethereum experience, but through a scalable second layer

@loopringorg is a whole different animal💙

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I wrote a whole thread about application-specific L2s (like @loopringorg) + how they differentiate from general purpose L2s (like @taikoxyz) - check it out below

Essentially the two projects are complimentary, not in competition at all

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https://twitter.com/macro_diary/status/1585395037864857601?s=20&t=D8JOARdo1IXlVLxcem4JOA

Even so, it's absolutely necessary to not have any built in biases or perceived conflicts of interest @taikoxyz, or else other projects may not want to build on top of Taiko L2 in the future

I love @taikoxyz and believe strongly in its future + will be an investor in #TKO

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But my main attention + focus will be on delivering on @loopringorg's vision moving forward💙

The past weeks have shown the world that centralized systems cannot be trusted

We now have the technology to build brand new systems that no longer require centralized trust

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We CANNOT rebuild the same systems of the past, and polish them up with crypto assets

The financial systems of the future will be built on #crypto rails

and the world is going to become financialized, so most systems in the future can be built on #crypto rails💙

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The Loopring L2 ecosystem will be a major player in making this a reality

A new system, "for the people, by the people", this is what #crypto enables

Now, an entire ecosystem can be fully owned and operated by its users - enabled through DAOs + crypto assets like $LRC 💙

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This is all possible through Loopring's application-specific #zkRollup architecture

Technically, it is chain agnostic and doesn't have to remain a L2 - it could one day be a L3, operating even fast, cheaper + more scalable on top of a #zkEVM L2 (Taiko?) 😁💙💜

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Our application-specific nature allows us to highly optimize our products + applications to the max - much more than other general purpose L2 apps

Essentially we are a highly scalable, vertically integrated #crypto ecosystem - targeted at the mass adoption of end users

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Building a one-stop solution for the end user

to come join the #crypto revolution, through self-custodial, decentralized crypto rails + never have to exit back to the traditional, centralized systems

This is what drives me - and this is what we are building @loopringorg💙

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Imagine one day being able to exit the old systems by withdrawing your assets from your bank direct to Loopring L2

Your assets secured by your Loopring Smart Wallet, protected by social guardians

YOU are fully in control - no one can freeze, steal or censor your assets

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You want to invest to earn over the short or long term, you can do this

You want spend some ETH or USDC to buy a new laptop online - just scan a QR code

You want to buy a concert ticket or a house, all of this is possible through verified NFTs representing your ownership

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You want to participate in the DAO + help govern the future direction of the ecosystem - easily right from your phone

Or maybe you just want to stake some LRC to earn some of the fees from everyone else also participating in the Loopring ecosystem, you can do this too💙

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This is the future that I see for #crypto - never having to go back to the old systems of trusting third parties with your hard earned assets

We're years away still, but we are getting closer each and every day and I couldn't be more excited to be a part of helping build it

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I will be helping drive this direction @loopringorg, still being the community front end for the ecosystem but also in the back helping with strategy + product💙

Come join us, we're hiring👇
loopring.breezy.hr

Right now we have an entry level social/marketing opening!

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I'd like to personally thank @daniel_taikoxyz for his guidance over the years - he helped bring me into this ecosystem + has been a mentor to me💙

He's a strong believer in @loopringorg, even though he's now steering Taiko - I'm happy to be able to help carry it forward

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I feel incredibly honoured to be able to work amongst so many smart and talented people - both @loopringorg and at @taikoxyz

Even though we have created completely separate teams now with separate goals, we will still be collaborating in the future I am sure💙💜

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The future is bright for both of us, and the future is very bright for #crypto, despite what the media and headlines may be pushing you to believe

Try not to forget that most of whats happening today in the headlines is not really #crypto 🙏

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https://twitter.com/macro_diary/status/1591891361854275584?s=20&t=D8JOARdo1IXlVLxcem4JOA

Not saying that the decentralized, self custody world today is perfect. It certainly still has risks as @VitalikButerin points out here👇

But over years, we will continue to optimize + minimize these risks, creating new systems much safer for people

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https://twitter.com/VitalikButerin/status/1592881305867685892?s=20&t=D8JOARdo1IXlVLxcem4JOA

The future of the financialized new world, will be built on decentralized #crypto rails with self custody for all

It will not be replication of the centralized, trust systems we have now😁

Okay - that's enough for today, back to building💙
Onward we go.

/fin✨