Justin Drake’s talk

“The Beam Chain”

The final design of Ethereum

A proposed redesign of the consensus layer, to skip to the endgame Only touching the consensus layer makes the Beam Chain forward compatible

Nothing changes to the apps

Ethereum development has prioritized L2 execution for 2+ years now

This has come at the cost of L1 execution

L1 execution is lagging behind Moore's law, and L2s receive an undue growth and valuation subsidy, paid from the L1

IMO, we should reprioritize L1 execution efforts I am aligned with @MaxResnick1's idea that L1 hardware requirements should be "the most recent two generations of Macbook Pros"

This is totally inline with the solo-staker social contract

This increases the accessibility of the Ethereum L1 to 10x more users, with little cost

6 Cypto Metas in 2024 🧵👇 🛑✋Thread below, but full post on @banklesshq!

bankless.com/2024-crypto-me…

Fighting the good fight at Locals Day in Montenegro!

When I ask "How many people know nothing about crypto?" and half the room raises their hand....

game time 😎 Day 2 - talking to the government officials

https://twitter.com/0xmilica/status/1658044784148185088?s=46

🧱Enter OP Stack🧱

@optimismFND's OP Stack is going to COMPLETELY change the landscape of the #Ethereum L2 ecosystem

Every ETH L2 has its own 'secret sauce'; the thing that gives it a competitive edge vs other L2s

BUT, the OP STACK is something ALTOGETHER DIFFERENT

1/🧵👇 The OP Stack is one layer "more meta" than just being an L2

The OP Stack is a scaffolding standard for ANY possible rollup construction

If you don't want to finish this thread, I made this video on the OP Stack

otherwise, read on!

2/🧵👇

Hot take:

1️⃣The 2017 bull market was Ethereum-driven

Bitcoin had its own story, but it was the ICO mania at center stage

2️⃣The 2020-21 bull market was *clearly* Ethereum-driven
-DeFi
-NFTs
-Gaming

3️⃣The next bull market will be 3/3 bull markets lead by #Ethereum

$ETH leads🚀 The 3rd #Ethereum bull market will be a fees-based bull market.

The Merge will allow Ethereums fees to actually move $ETH price

$UNI, $SNX, $MKR and all the fee-commanding tokens will also lead.

The next bull market is based on fees

My @EthCC interviews ARE HERE! 🎉

I recorded8️⃣AMAZING in-person interviews at ETH CC

1️⃣@VitalikButerin
2️⃣@kaiynne
3️⃣@ukolodny & @EliBenSasson
4️⃣@MihailoBjelic
5️⃣@sunnya97
6️⃣@StaniKulechov
7️⃣@provenauthority
8️⃣@owocki & @austingriffith

Here they come👇 @EthCC @VitalikButerin @kaiynne @ukolodny @EliBenSasson @MihailoBjelic @sunnya97 @StaniKulechov @provenauthority @owocki @austingriffith Ep.1️⃣ "The Merge Isn't Priced In" - @VitalikButerin

Yes, he actually said that

No, it wasn't about $ETH😉

We discuss:

- The #Ethereum Roadmap
- The Merge
- ETH Developer Morale
- Vitalik's Drip

Watch!👀

8️⃣Projects I'm Bullish on in the Bear Market

This is literally all my alpha. Every last drop.

THREAD
🧵👇🧵 ✋Wait Stop✋

Go read the full piece on the @BanklessHQ Newsletter

I've made it the most concentrated download of alpha possible

- Airdrop hunter?
- Job seeker?
- Frontier Explorer?

It's got something for everyone

Read & Subscribe!
newsletter.banklesshq.com/p/8-projects-i…
👍Okay Continue👍

Going into the 2018 bear, *everyone* got burned by holding tokens

$BTC went down 85%
$ETH went down 95%

But most tokens went down 99+%

Even holding ETH saved you from another 90% loss vs tokens

There was a STRONG anti-token sentiment thru the bear

So what happened next?
👇🧵 Tokens happened next.

Many of us sat on our hands, too scared to touch tokens, as life-changing wealth was claimed by those who dared

Exhibit A: $LINK was up-only throughout the bear
(Log scale, cuz gains were huge)

Just published "EVM Equivalence" on @BanklessHQ

#Ethereum's network effects capped at DeFi Summer

New L1s & L2s have emerged, but they've broken the EVM standard

A new Cambrian explosion is ahead, but we need EVM equivalence to unlock it

Thread!🧵👇
newsletter.banklesshq.com/p/evm-equivale… ✨EVM equivalence✨ is the difference between scaling on Ethereum, and *scaling Ethereum itself*

Defined: EVM equivalence is the complete alignment with the Ethereum Virtual Machine specification

✨EVM equivalence✨ blurs the line between when the L1 stops and the L2s begin

5⃣Takeaways from @EFDevconnect

1⃣ The MEV problem is critical🚨
2⃣ #Ethereum devs are not fucking around
3⃣ The L2 wars are going to be 🌶️
4⃣ EVM equivalence is REQUIRED for the next chapter of Ethereum
5⃣ There's not enough talent to go around

@BanklessHQ article Monday
🧵👇 1⃣The MEV problem is critical🚨

@phildaian's talks always induce existential crisis

Listening to him at MEV Day made me want to hit SELL and disappear

MEV is coming to destroy this entire industry and turn it into plutocracy

Our army vs. Moloch isn't growing fast enough🔪👹

Story time!📖

- Why I bought 12 ETH worth of art at NFT.NYC
- Who is @NateMohlerArt?
- What are @manifoldxyz contracts?

And what does it mean to 'invest in an an artist' in the world of NFTs?

🧵👇 1/
The last day of NFT NYC, I went to an IRL NFT gallery, where various artists had their art showcased via digital displays, projectors, and other mediums.

The art was super trippy and psychedelic and sometimes just plain weird.

The biggest reason why I am have so much conviction about #Ethereum is because of its prioritization of public goods

If you support public goods, you support the whole world

Ethereum is built to provide security and sustainability to global public goods Previously, these public systems have been targets of nation-state and private sector capture.

#Ethereum offers a sanctuary for the experimentation, developing, and maturating of systems that the potential to globally scaled public resources

Introducing a new podcast to the @BanklessHQ lineup

“Layer 0”

A show focusing on the *people*, not the tech, that make up the Ethereum community.

Coming to your podcast feed, every Tuesday! 📆

But what is Layer 0, and why is it important?

Thread🧵👇 From the Cypherpunk manifesto

“Cypherpunks know that cryptographic protocols make social structures”

This industry is a revolution in Money and Tech, but it will manifest as a renaissance in human culture.

Ethereum is a system built by code, but it is secured by *people*
👨‍👩‍👧‍👦

Last week, @banklessDAO and @indexcoop released the $BED Index

33.3% $BTC
33.3% $ETH
33.3% $DPI

I think the $BED index will be the best performing index of all time 📈🚀

🧵here's a thread on why👇 The $BED Index is an asset that tracks the #bankless thesis:

Non-sovereign SoV monies and permissionless financial applications are the👏entire👏point👏of the crypto revolution

The $BED index gives you precise, upside exposure to this new paradigm

The @Uniswap V3 "x*y=k" animation from @pplpleasr1 was just purchased for 310 ETH ($525,000)

The buyer was 0x067b9Bbbbc42d2AB9b9Ab6bB62646dAF7F344A76, a DAO formed for the sole purpose of forming capital buying this NFT

an NFT SPAC, if you will 🤯🤑💸

foundation.app/pplpleasr/x-y-… The crazy amount of #Ethereum symbolism behind this NFT is a crazy short-story to watch!

Even crazier @pplpleasr1 says she & Uniswap is donating all $0.5 to charities supporting AAPI and other minority representation!

https://twitter.com/pplpleasr1/status/1375086532827115526?s=20

The $ETH Ultra Sound Money Thesis 🔊🦇

This 3 word meme is the result of 12 years of applied crypto-economic research in both cryptography *and* economics

I wrote a 6,000 word thesis in @BanklessHQ:

newsletter.banklesshq.com/p/ultra-sound-…

But here's the Ultra Sound Money thesis, in a thread: ECONOMIES

All economies exhibit the same fundamental structure.

- The Coordinating Body (the leadership, government, or ‘party in power’)

- The Economic Power (the productive output of the economy)

- The Protective Force (the army, militia, or defense force of a Nation)

On @bankless: ULTIMATE Guide to Balancer Smart Pools

Typical @BalancerLabs Pools have FIXED parameters, but Smart Pools have their variables UNLOCKED, are much more flexible!

- Tokens
- Weights
- Swap Fees

...are now adjustable parameters!

bankless.substack.com/p/the-ultimate…

👇thread PUBLIC Bal Pools have SIX key parameters:

- Tokens
- Change Weights
- Change Swap Fee
- Whitelist LPs
- Max Deposited Value
- Pause Trading (can u guys pls stop trading)

In order to be TRUSTLESS, all public Balancer Pools LOCK these parameters, as a rug-pull prevention tactic.

I just published "A Bankless Nation, Part 1" in @BanklessHQ

bankless.substack.com/p/a-bankless-n…

Bitcoin and Ethereum. What ARE these things?

They're blockchains... but not just that
They're currencies... but not just that

Bitcoin and Ethereum are Digital Nations.

Read👇 Nations are composed systems of many different independent parts.

Nations are tools or scaffolding for economies. They are the means for the people of a Nation to cooperate and communicate.

We have seen many different types of nations come and go through time!

0/
My talk at @etherealsummit is now available on YouTube!

The article that this talk is based is now also on my Medium!

And all of this content is summarized in this thread

Ether: A New Model for Money

1/ Medium article:

medium.com/@TrustlessStat…

+ Q&A on Ethereum 2.0 with Vitalik Buterin

Happening at @EtherealSummit in 20 minutes!

I'm going to Live-Tweet here once it starts!! Q: what have you been up to lately?
V: Lots of things.

Spec finalization. Japanese formal verification team on Casper FFG.

Implementation team got all 7 teams to sync, wish I was there, but im here instead