Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
⟠ Profile picture
@ryanberckmans
Nov 23, 2025 • 1 tweets • 1 min read • Read on X
If all 6 blobs per block were sold for the average per-byte rate that Lighter paid in the past 3 days, then eth's total blob fees would be ~5x greater, or ~$52m/year run rate instead of the current ~$10m/year run rate. Blobs are just getting started. Very bullish.

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with ⟠

⟠ Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ryanberckmans

⟠ Profile picture
Jun 19, 2023
Next week, institutions are debating stablecoins vs tokenized bank deposits.

Participants include the Bank of England, JPMorgan, and the Monetary Authority of Singapore.

Very bullish for ETH 😍

I wanted to share thoughts on stablecoins vs tokenized bank deposits and T-Bills🧵
Curiously, the above debate's overview tees up stablecoins as riskier than tokenized deposits. But deposits are likely the riskier of the two, as they are fractionally reserved and loaned out, whereas stablecoins are moving to "full reserve" models, with no reserves loaned out.
When it comes to stablecoins vs deposits, imo the operative question may be, which has the greater opportunity to pass yield on to end users? Competitive pressures in crypto are extremely high. Today's big stablecoins (USDT and USDC) have a 100% take rate. That won't last.
Read 18 tweets
⟠ Profile picture
Jun 12, 2023
"Significant governments globally are establishing their own stablecoin laws. ... [They] are enacting laws to regulate [their own] US dollar [stablecoins]"

Tomorrow, Jeremy says that to Congress.

American regulatory legitimacy is the final boss. Godspeed Jeremy. Some Thoughts🧵
Let me summarize Jeremy's remarks to Congress tomorrow:

Stablecoins are super useful. Today, by market demand, 99% of stablecoins are US dollars. If America wants to control its own currency's stablecoins and maximize US Dollar stablecoin market share, then we need legislation.
If America doesn't urgently pass a reasonable stablecoin bill, then other countries will soon own & operate the dominant *US Dollar* stablecoins, in addition to more effectively growing the market share of stables in their own currencies, due to the competitive void from America.
Read 6 tweets
⟠ Profile picture
May 16, 2023
The three best books I've ever read on crypto... aren't actually about crypto

1. Devil Take the Hindmost by Edward Chancellor (required reading before next bull. Bankless had Edward on this week)

2. Tomorrow 3.0 by Mike Munger @mungowitz

3. Rainbows End by Vernor Vinge

Why🧵
Devil Take the Hindmost explains how to navigate exuberant bull markets. Most of the behavior we see in bulls has been happening for at least hundreds of years. There's a big-picture playbook to learn and follow.
Tomorrow 3.0 explains why transaction costs matter, how to break them down, and helps you to see why crypto's superpower is selling reductions in transaction costs. Most crypto benefits we discuss, such as composability, are actually specific forms of transaction cost reductions.
Read 4 tweets
⟠ Profile picture
May 16, 2023
Dear @Ledger @Ledger_Support @BTChip

Ledger Recover was a huge project. For many people, it might be a good solution.

However, the community invested in ledgers based on the firmware having no backdoor of any kind.

I have a starter proposal for us to put away the pitchforks🧵
I'd prefer that you kill Ledger Recover entirely.

I'd prefer that recovery be solved downstream in smart contract wallets.

If you don't kill it, I'd prefer that Recover be only available on a new dedicated kind of device.
Unfortunately, we're in a situation where we've all trusted and invested in your company and devices for years, and now you've betrayed us. "Betrayed" is harsh, but it is what it is.

You probably won't kill Ledger Recover. We need an immediate path forward.

Here's a proposal:
Read 6 tweets
⟠ Profile picture
May 11, 2023
imo, the European Central Bank's framing of stablecoins as dodging monetary policy may be mostly incorrect.

Maybe they actually believe this. Or maybe it's prep work for their desired China-style panopticon retail CBDC.

Yet, an EU retail CBDC is likely a doomed project🧵
First off, stables don't dodge monetary policy. A public market of privately-run stables is downstream of monetary policy because stables are subject to the ordinary forces of interest rates and liquidity.
However, given that the EU is the largest Western government actively pursuing the possibility of a China-style panopticon retail CBDC, it seems fair to say that a public market of privately-run stablecoins may be an effective substitute and competitor of such a retail CBDC.
Read 10 tweets
⟠ Profile picture
Apr 16, 2023
Stablecoin legislation has been drafted in Congress

I read the bill.

TL;DR decentralized stables become illegal in the US (DAI, LUSD, RAI, etc. become illegal🚨) while centralized stables, defi, Ethereum, and ETH win big.

High-level summary⬇️
- decentralized stables become… twitter.com/i/web/status/1…
The Act also makes it illegal for a licensed stablecoin to be backed by reserves other than US-dollar equivalents. For example, it would be unlawful for a licensed stablecoin to be backed by reserves of gold, ETH, shares of Google, British Pounds, etc.
It seems really bad that the bill would make it illegal for American businesses or residents to receive unlicensed stables.

Imagine your buddy sends you 50 euro stablecoins for your trip to Paris. Oops, you're a criminal now. Image
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(