BeYou ๐๐
77004
Joined February 2014
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โค๏ธโ๐ฅ retweeted
There is a famous scene in The Wire where a security gaurd approaches Marlo Stanfield after he steals from a bodega. The security guard confronts Marlo about it outside, but makes a point to note that he is not disrespecting Marlo, but that he is still is a man and going to stand up to him.
After the security guard becomes noticeably desperate and loses control of the situation, Marlo responds by saying. "You want it to be one way, but its the other way." The security guard later gets put in a vacant.
If ETH wants to compete with BTC or ZEC as a store of value then the formula is nuke the EVM on L1 and set a hard cap on supply. If not then you're competing with Hyperliquid and Solana. But then the valuation metric changes to activity and resulting burn, not CROPS.
The Ethereum community thinks they can achieve store of value status without ditching a programmable VM and committing to a fixed supply for ETH.
They want it to be one way, but it's the other way.
Expanding on why I believe "ETH as store of value (SoV)" makes much more sense to focus on than "ETH as fee-burning token".
Three primary reasons:
1. ETH as fee-burning token never was as strong as it seemed
2. Optimizing for ETH as fee-burning token would demand Ethereum and ETH function in ways that are very hard to make compatible with decentralization and capture resistance.
3. Meanwhile, optimizing for ETH as SoV is aligned with Ethereum focusing on its unique strengths (decentralization and CROPS)
EIP-1559 (including its burn) is fine and good, we should keep them. But we should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere.
The core idea: the big thing that people appreciate about Ethereum is decentralization and CROPS. The main pragmatic benefit that these things translate into is stability. SoV is the category where that is not an unneeded extra we merely put effort into for ideological reasons, but rather a pragmatic strength from the perspective of people putting in their assets. And in the era of AI disruption, stability will be highly valued.
โค๏ธโ๐ฅ retweeted
THE WIRE (2002) doesnโt try to win you over with a twist or a slick hero. It drops you on a Baltimore street, lets McNulty talk to a witness about a dead man called Snot Boogie, and somehow makes you want to stay for five seasons. Just unreal television!
โค๏ธโ๐ฅ retweeted
RARE clip of Nipsey Hussle singing "White Manz World" by 2pac (Makaveli) word for word in the studio. Nipsey has always paid homage to 2pac and claimed to be a student to his teachings in most of his music
โค๏ธโ๐ฅ retweeted
Man got 7k of klarna credit thatโs hype fuk wat she talking about ngl ๐๐๐๐
why this man took me to Louis Vuitton for my birthday & pulled out a whole Klarna card at checkout. This the same IG baller thatโs always flashing stacks, wearing designer, & bragging about how much money he got. Iโm not ungrateful for NOT praising a ngga for financing a bag. Iโd rather you buy me something for $100 that you can actually afford than try to impress me with money you donโt have. If you use Klarna for certain stuff you are broke period
โค๏ธโ๐ฅ retweeted
Iman Shumpert and DeMarcus Cousins argue over who would you take on your team to win a Championship Norris Cole or Allen Iverson:
DeMarcus: You just told me that Iverson was a loser and you only want winners. So you want Norris Cole instead of Iverson?
Iman: By definition how many rings does Allen Iverson have? Itโs not my definition when you talk about champions is Allen Iverson apart of the conversation? Yes or no? Heโs not because he is a loser. Allen Iverson did not win that is a fact, Iโm not saying Norris Cole is better than Allen Iverson.โ
Man got 7k of klarna credit thatโs hype fuk wat she talking about ngl ๐๐๐๐
why this man took me to Louis Vuitton for my birthday & pulled out a whole Klarna card at checkout. This the same IG baller thatโs always flashing stacks, wearing designer, & bragging about how much money he got. Iโm not ungrateful for NOT praising a ngga for financing a bag. Iโd rather you buy me something for $100 that you can actually afford than try to impress me with money you donโt have. If you use Klarna for certain stuff you are broke period
โค๏ธโ๐ฅ retweeted
Klarna , Afterpay , Sezzle , Affirm . Imma use em all ๐๐๐๐๐๐
why this man took me to Louis Vuitton for my birthday & pulled out a whole Klarna card at checkout. This the same IG baller thatโs always flashing stacks, wearing designer, & bragging about how much money he got. Iโm not ungrateful for NOT praising a ngga for financing a bag. Iโd rather you buy me something for $100 that you can actually afford than try to impress me with money you donโt have. If you use Klarna for certain stuff you are broke period