Free market capitalism is indeed the best system (though via shared protocols we are probably going to incorporate "collective capitalism" at the foundational layers of the economy). But wouldn't it be nice if the world had a genuinely credibly neutral global coordination and digital asset settlement platform. There is only one of those in the world and currently there is only one foundation that is configured to progress and safeguard that vision: credible neutrality, censorship resistance, open source and privacy. It is the massive rigorous decentralization of the Ethereum platform that enables this.
Soon, very soon, there will be more credibly neutral, well funded organizations to bolster the efforts of the Ethereum Foundation. And these will focus on growth of everything we all care about across the Ethereum ecosystem and also what many financial institutions care about who are in the process of adopting Ethereum technology: main net, L2s and private Ethereum. All three of these will soon become comparable in real-time, and the ETH will flow across this entire extended Ethereum landscape.
The global economy is digitizing. Every institution, corporation, and country runs on fragmented, bespoke infrastructure. What the internet did for information, Ethereum is doing for value: A shared, open standard for programmable money.
Ethereum is the global settlement layer and has 24/7/365, flawlessly, every 12 seconds, for nearly a decade. It settled over $25T last year. ETH is home to the largest share of stablecoins, RWAs, and tokenized assets. It is also a a productive asset with native yield, restaking, and DeFi built in.
Soon, stablecoins will replace dollars in global settlement. Public markets are beginning to understand this. We're proud to lead a $425M private placement into SharpLink ($SBET) to bring Ethereum exposure to traditional capital markets. $SBET hopes to benefit from Ethereum's native yield opportunities and in doing so it could showcase those benefits to public markets
We’re on the verge of a paradigm shift that will be heard around the world.
Consensys is on a mission to catalyze a Network State within the emerging decentralized Web3 and AI global economy.
During my talk earlier at DevCon, I shared how we’re moving towards rigorous decentralization and empowering sovereign individuals:
1/13
For years, companies in our industry have been living in fear, unable to engage in activities that should be natural for a Web3 company. We’ve been operating in a climate of regulatory uncertainty, with gaslighting and carpet bombing from the SEC stifling our progress.
2/13
There’s been concern about a second American Revolution. There is indeed going to be another Revolution. It will be a bloodless and probably bi-partisan revolution that sheds the regulatory cruft and reformats America according to the principles under which she was founded:
Liberty and Justice for All, distrust for overreaching centralized authority and a healthy reverence for self-determination and decentralization
Today we need to make the extremely difficult decision to streamline some of ConsenSys’ teams to adjust to challenging and uncertain market conditions.
While I’ve often said that the fear and greed cycles are shortening in duration, our current bear market also coincides with a very challenging macroeconomic environment driven by surging inflation, lagging economic activity, and increased geopolitical unrest.
2/10
And against that backdrop, some of the poorly behaved CeFi actors in our space have brought a reckoning on themselves and exacerbated the distrust and pullback, casting a broad pall on our ecosystem that we will all need to work through.
I’m seeing a lot of misunderstandings around our updated privacy policy that need to be clarified.
1/21
MetaMask wallet is a software product developed by ConsenSys. ConsenSys does not operate MetaMask.
*You*, the user, operate MetaMask on your device.
2/21
MetaMask does not collect IP addresses. @MetaMask routes information necessary for your transaction to be processed by an RPC provider. @infura_io is the default RPC provider in MetaMask, which we also develop.
It always was and always will be about decentralization. Beware of centralizing wolves in sheep's clothing.
🧵1/15
People need to trust one another in order to do basic things together. But trust breaks down when there is misunderstanding, information asymmetry, or an imbalance of power.
2/15
With peer-to-peer technologies like BitTorrent, Bitcoin, and eventually #Ethereum, we discovered that decentralized protocols & maximally decentralized replicated state machines were the key to building a new trust foundation for the planet.
The launch of the #Eth2 Beacon Chain is characteristic of the emergent, open-source ethos that attracts so many to Ethereum in the first place. More than 27,000 validators from around the globe are now participating in the new #Eth2 consensus model.
Proof of Stake is a monumental upgrade of the crypto-economic incentives that already make Ethereum an automated, objective foundation for trust. We are collectively deepening the commitment to building a maximally decentralized network.
The global economy needs an objectively trustworthy frame of reference to coordinate logic and transactions between business networks. Ethereum is the leading candidate, already functioning as the global settlement layer for ~$1 trillion in digital assets on the decentralized web