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Forever long but forever skeptical
Jerome Ku Profile picture 雷神Value(✊, ⬜) Profile picture 2 subscribed
Dec 7, 2022 4 tweets 3 min read
This is nice but comprehensive fundamental analysis concerning $FTT and the exact risks that ultimately led to its downfall have been here for months… We also broke down the cost-benefit analysis of using #exchange tokens from a retail perspective several months ago as well

Oct 18, 2022 12 tweets 5 min read
A quick one on @arbitrum #Nitro

- What is it?
- How is it different?
- What are the tradeoffs? ( bc remember EVERYTHING is a tradeoff)
- Should you care?
- and a little $ARBI airdop juice Arbitrum is an optimistic rollup (OP) L2 built by @OffchainLabs.

The currently-live implementation is called Arbitrum One and is the most successful rollup to date (measured by TVL).
Oct 6, 2022 15 tweets 5 min read
In today’s rollup world, the #L222 teams building rollups @zksync, @StarkWareLtd, @arbitrum, @optimismFND, etc.) still play a critical and centralizing role in the L2 process.

To what extent?
What can be done?
And #wen??

A thread on the entities and roles in a rollup tx At a high level, there are three entities involved in a rollup transaction:
- the user on the rollup
- the rollup operator
- #Ethereum L1.

The rollup operator that sits in between the user and mainnet has tremendous responsibility and also some power. Image
Oct 5, 2022 21 tweets 9 min read
$SUSHI "elected" a new chef!

You didn't think voting controversy only existed in the Trad world, did you??

Let's discuss the pathetic vote, the results, and what it could mean for @SushiSwap and on-chain governance moving forward Headline: Jared Grey, former CEO of DeFi platform Eons Finance, won with 83% of the votes. A landslide!

Reality: The vote was held in the depths of a bear market, and only ~2% of eligible voters actually voted. Democracy!
Oct 4, 2022 25 tweets 7 min read
Is the looming $XRP-SEC settlement the end of an epic battle or just the beginning?

With a decision possibly coming as soon as this year, #crypto needs to be prepared for any outcome.

Let's do a quick review and then look ahead..... 🧵 Gary Gensler, Chairman of the #SEC, has repeatedly been on the record that he believes most cryptocurrencies outside of #Bitcoin are securities.

In September, Gensler was quoted, “the nearly 10,000 tokens in the crypto market, I believe the vast majority are securities…
Sep 29, 2022 25 tweets 12 min read
With @arbitrum Nitro going live last month and @zksync's zkEVM is expected next month, #Ethereum #L222s are getting better, faster, cheaper!

Which begs the question(s)...
How low can tx fees go?
And what are the actual points in a rollup tx that incur a cost?

thread time... We'll discuss:
-What actually incurs a cost?
- What steps in a L2 tx cost the most?
- Does it vary for ORS vs ZKRs?
- What costs are fixed vs variable?
- Who's doing it best?
Sep 16, 2022 26 tweets 9 min read
Ethereum just moved to #PoS but #Avalanche and its C-Chain have been PoS for ~2 years. So, what's the big deal?

How does $AVAX PoS work?
How does its consensus algo differ from what ETH just implemented?
And can #Avalanche truly have a million+ validators one day?? The Avalanche network doesn’t use just one consensus mechanism but rather a collection of consensus protocols.

What is the Primary Network?

A three-chain (X, P, and C) system that segregates the work done by the overall network.
Sep 15, 2022 15 tweets 8 min read
Underneath all the songs, pandas, and memes, the #EthereumMerge is bittersweet.

5+ years of waiting, and it's finally here!... Only, it's not like I imagined.

A thread on the ugly/glass-half-empty side of the #Merge from a long-time $ETH bull... It's going to be impossible to make my argument and not sound whiny or a buzzkill or ungrateful or simply FUDing. That's not my intention. But like with everything, the merge comes with a cost.

However, lemme stress, this is a HUGE accomplishment. Kudos to all the devs involved
Sep 15, 2022 24 tweets 9 min read
The #EthereumMerge was a success! But who has time to celebrate? There's still YEARS of work to be done!

In this part 2, we cover the years ahead, looking well into Ethereum’s (ever-changing) roadmap.

FYI, Part 1 is below for a refresher.
There is no official roadmap for #Ethereum, as it is predicated more on rough community consensus.

However, a high-level, noncontroversial plan stretching into 2023-24 is generally regarded as the agreed-upon path for the project.
Sep 14, 2022 22 tweets 10 min read
@aztecnetwork is a PRIVACY-FOCUSED zero-knowledge rollup (ZKR) aiming to provide security, scalability, & privacy for #L222 blockchain transactions.

Don't think you need convincing about why financial privacy is important (hello #TornadoCash).

So, let's discuss Aztec's HOW... @aztecnetwork Tech
Aztec leverages an in-house technology stack that focuses primarily on 2 overall protocol objectives: privacy & scalability.

ZKRs create large bundles of txs for off-chain computation in the form of cryptographic proofs known as SNARKs.

For a refresher...
Jul 8, 2022 14 tweets 7 min read
1/ A follow-on 🧵 from yesterday's post about the #ArbitrumOdyssey fee spike.

This thread will discuss, in more detail,:
- the nuances around Optimistic rollups (ORs)
- what are the primary costs associated with ORs
- why there's hope
- @OffchainLabs roadmap 2/ In the case of ORs, no computation is actually done.

They “optimistically” assume all state changes are valid & post the off-chain txs to #ETH’s L1 as calldata.
To counter any potentially fraudulent txs, a dispute period is put in place for ~one week after posting to L1.
Jul 7, 2022 25 tweets 7 min read
1/ When #l222 > L1

@arbitrum fees caused a frenzy last week. But is there any need for concern?

This thread will explain
- what happened
- will it happen again
- what can be done to mitigate it in the future 2/ A common misconception with the emergence of layer-2 and #rollup protocols within #Ethereum is that they will automatically come with cheaper gas fees and easier transactions for users.
May 11, 2022 16 tweets 10 min read
Quick thread on @CryptoEQ Fundamental Ratings as we get TONS of questions around them.... especially in a bull market when XYZ coin is pumping and outpacing #BTC and #ETH We list ~50 crypto assets but only have a Fundamental rating on ~30. Why so few?

Because that's all that ACTUALLY matters in the #crypto ecosystem.

And, if we're being honest, probably just 15 but we feel a bit obligated to cover the crap/scam coins in the top 30 as warnings Image
Apr 6, 2022 28 tweets 22 min read
1/ 🧵
#danksharding, #PBS, #crList, #blob transactions...

Seems #Ethereum has an affinity for making up words these days! And it all starts with (the normal sounding) #calldata

Let's figure out why, define some of these ridiculous terms, and see how #ETH can get even better 2/ #Rollups (RU) post their compressed L2 batched transactions as calldata onto mainnet Ethereum. But what does that mean and what is calldata?
Calldata (CD) is a specific form of read-only memory data used by smart contracts to call external functions. Image
Mar 9, 2022 22 tweets 21 min read
🧵 on some of the major smart contract chains, their different approaches, and how HOPEFULLY (for the love of all that is holy) we are moving away from simply "X chain is superior because it did XXXX TPS on a closed environment testnet"
#Ethereum #terraluna #Solana #AVAX As @epolynya has alluded to several times, #TPS numbers are almost meaningless now. Especially anything under 100k.

At the risk of having this thrown in my face 5 years from now, TPS is essentially solved.
Mar 8, 2022 23 tweets 14 min read
1/ 🧵
How and why "data availability (DA)" became the sexiest topic in #Ethereum land, the #l222 space, and for #rollups 2/ Pre-2021 (roughly speaking), DA for most #blockchains wasn't a concern for 2 reasons:
1) most blockchains did not have enough usage to warrant any concern
2) the monolithic approach meant that each (full) node downloaded the entire block to check for availability no problemo
Feb 17, 2022 21 tweets 13 min read
1/ Why is #blockchain scaling so controversial? From the #blocksizewars to #Alt L1s and #rollups.

Is it really that hard?!

🧵 time... 2/ Blockchains like #Bitcoin and #Ethereum strive for maximum #decentralization and #censorship-resistance while remaining totally open and inclusive networks. However, they also want to scale to accommodate billions of users.
Feb 15, 2022 26 tweets 15 min read
🧵 time...

For years, as I have discussed the value prop for seizure-resistant, non-sovereign💲like #BTC with noobies, I have always had to caveat it with "we don't think about it in the Western world too much bc our money, banking system, and law typically work well"

Well... 2/ #Bitcoin's value in the Western world has NEVER been more obvious thanks to the last ~ 2 years.

Reminder, it has ALWAYS been valuable to those less fortunate living under authoritarianism or double-digit inflation (over half the world)…

Feb 10, 2022 24 tweets 17 min read
1/ Previously, I covered #L222 zk-rollup projects Starkware and zkSync but looking back, I should have begun with sidechains.

The who, what, why/why NOT, security guarantees, etc.

So, here's a 🧵 discussing sidechains generally and then a bit on #Polygon 2/ In the context of #Ethereum, sidechains are separate, Ethereum-compatible blockchains. Sidechains can be independent #EVM -compatible blockchains as well as application-specific blockchains catering to #ETH users and use cases like @0xPolygon or @Ronin_Network .
Feb 10, 2022 25 tweets 19 min read
1/ Yesterday, I highlighted zkSync.

So it only makes sense that I do the same for @StarkWareLtd and their #Ethereum rollup solutions #L222 #StarkEx and #StarkNet

Another deep-dive thread into one of the projects changing the scaling world 🧵... 2/ First, again, some high-level Pros and Cons
Pros with using Starkware products

- Increased TPS compared to ORs (~9,000+ TPS on Ropsten testnet)
- Faster withdrawals (no challenge period), enabling better capital efficiency and liquidity
- #Validiums (discussed below)
Feb 9, 2022 26 tweets 19 min read
1/ CT giving waaay too much shine to these @bitfinex idiots.

Sure, reality TV is fun (I guess) but instead, I’ll try to send the spotlight to a more deserving group: @zksync @the_matter_labs @gluk64

Thread time 🧵... 2/ To begin, some high-level Pros and Cons of zkSync’s approach to zk-rollups (ZKs)

- Less data contained in each transaction increases throughput and decreases fees (vs L1)
- No withdrawal periods and faster finality
- Inherent (and cheap) privacy (improvements)**