pray.gwei retweeted
Why ETH is the store of value for what's coming
We are almost certainly heading into a period of high inflation and extreme economic and social volatility. As inflation and risk erode the purchasing power of nation-state money and many other assets, it will matter more than ever to hold assets that keep or grow their value.
Gold and BTC are high-powered money and excellent stores of value. ETH goes further.
Not debt-based. Like gold and BTC, ETH is not debt-based or credit-based money.
Censorship resistant. Like BTC, or gold and silver held physically, ETH transactions on Ethereum L1 can't be censored. That's true for simple payments and for complex smart contract programs like DeFi, and those programs are guaranteed to execute.
Cheap to hold. Like BTC, ETH is relatively cheap to hold and store securely.
Cheap to use at any scale. Ethereum is cheap and easy to use whether a transaction moves $1 or billions. Any well-formed transaction is guaranteed to execute.
Sound, and getting sounder. ETH is disinflationary and becomes ultrasound, meaning deflationary, during periods of high network activity.
Broadly useful. ETH has many uses across the Ethereum economy, and that economy will grow by orders of magnitude as finance, and eventually every industry, moves onchain. Global adoption of the Web protocols in the '90s and '00s transformed the world economy. Ethereum is the foundation of Web3, the user-centric, decentralized web.
Collateral money. ETH works as collateral, and collateral that grows in value over time is a powerful thing.
Home of stablecoins. Ethereum hosts the bulk of stablecoin activity. Stablecoins serve as payment money and as unit-of-account money.
Despot-proof. Like BTC, ETH can't be used by a despot to financially exploit or repress citizens. Over time that should have positive geopolitical effects.
Programmable. ETH is programmable money. You can attach arbitrary logic to transactions and build an entire economy on smart-contract-based agreements and business processes (see shodai.network).
Transparent or private, and auditable either way. Money and financial instruments on Ethereum can be public or private, and in both cases selectively disclosable and auditable. Privacy tools for retail and institutional users include VPNs, mix networks, shielded and privacy pools, Railgun, stealth addresses, Kohaku, and zero-knowledge proofs in many forms, including on L2s and on private permissioned EVM networks linked through bridgeless synchronous composability.
Future-proof. By the end of 2027, or partway through 2028 at the latest, ETH will be quantum-safe and AI-safe money.
ETH is the base money of an exponentially growing ecosystem that should keep growing for decades. Its monetary premium will keep rising, because retail, corporate, and government users will all need to hold some. Part of today's premium is speculative: Ethereum dominates smart contract blockchains, but it hasn't fully hit its stride or gone mainstream yet.
Machine intelligence will supercharge every scientific and technological pursuit and grow global GDP bigger and faster than any of us can imagine. Ethereum L1 and modular Ethereum L2s will undergird most of the high-value agreements, transactions, payment flows, and complex business processes behind the coming hybrid human-machine decentralized economy.
We are almost certainly heading into a period of high inflation and extreme economic and social volatility. As inflation and risk erode the purchasing power of nation-state money and many other assets, it will matter more than ever to hold assets that keep or grow their value.
Gold and BTC are high-powered money and excellent stores of value. ETH goes further.
Not debt-based. Like gold and BTC, ETH is not debt-based or credit-based money.
Censorship resistant. Like BTC, or gold and silver held physically, ETH transactions on Ethereum L1 can't be censored. That's true for simple payments and for complex smart contract programs like DeFi, and those programs are guaranteed to execute.
Cheap to hold. Like BTC, ETH is relatively cheap to hold and store securely.
Cheap to use at any scale. Ethereum is cheap and easy to use whether a transaction moves $1 or billions. Any well-formed transaction is guaranteed to execute.
Sound, and getting sounder. ETH is disinflationary and becomes ultrasound, meaning deflationary, during periods of high network activity.
Broadly useful. ETH has many uses across the Ethereum economy, and that economy will grow by orders of magnitude as finance, and eventually every industry, moves onchain. Global adoption of the Web protocols in the '90s and '00s transformed the world economy. Ethereum is the foundation of Web3, the user-centric, decentralized web.
Collateral money. ETH works as collateral, and collateral that grows in value over time is a powerful thing.
Home of stablecoins. Ethereum hosts the bulk of stablecoin activity. Stablecoins serve as payment money and as unit-of-account money.
Despot-proof. Like BTC, ETH can't be used by a despot to financially exploit or repress citizens. Over time that should have positive geopolitical effects.
Programmable. ETH is programmable money. You can attach arbitrary logic to transactions and build an entire economy on smart-contract-based agreements and business processes (see shodai.network).
Transparent or private, and auditable either way. Money and financial instruments on Ethereum can be public or private, and in both cases selectively disclosable and auditable. Privacy tools for retail and institutional users include VPNs, mix networks, shielded and privacy pools, Railgun, stealth addresses, Kohaku, and zero-knowledge proofs in many forms, including on L2s and on private permissioned EVM networks linked through bridgeless synchronous composability.
Future-proof. By the end of 2027, or partway through 2028 at the latest, ETH will be quantum-safe and AI-safe money.
ETH is the base money of an exponentially growing ecosystem that should keep growing for decades. Its monetary premium will keep rising, because retail, corporate, and government users will all need to hold some. Part of today's premium is speculative: Ethereum dominates smart contract blockchains, but it hasn't fully hit its stride or gone mainstream yet.
Machine intelligence will supercharge every scientific and technological pursuit and grow global GDP bigger and faster than any of us can imagine. Ethereum L1 and modular Ethereum L2s will undergird most of the high-value agreements, transactions, payment flows, and complex business processes behind the coming hybrid human-machine decentralized economy.
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.
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pray.gwei retweeted
🚨 ALERT 🚨
We're currently investigating an issue with the Across domain. Do NOT visit the app, connect your wallet, or sign any transaction or approval there until further notice.
We will post updates as we have them.
We're currently investigating an issue with the Across domain. Do NOT visit the app, connect your wallet, or sign any transaction or approval there until further notice.
We will post updates as we have them.
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pray.gwei retweeted
If your wallet of choice isn’t @ambire and it runs Ledger’s latest signing kit, chances are every signature you make gets reported back to Ledger.
I noticed it early while bumping Ledger packages to debug an issue! No affected version ever reached Аmbire production, and we’re default, with an opt-in toggle in the privacy settings 🛡️
However, the devil was that it was sneakily enabled by default in the Ledger SDK since their ledgerhq/context-module v1.16... So right after the lib update - every transaction you sign with a Ledger device started sending to blind-signing.api.ledger.com the network, the contract or recipient address, device model and firmware, app versions and whether you signed blind.
I'd argue that privacy should be the default, @Ledger 💪
Happy to see more and more people becoming aware of the privacy implications and picking Ambire for our ongoing privacy focus.
Catching things like this 👀 is part of the job for us!
I noticed it early while bumping Ledger packages to debug an issue! No affected version ever reached Аmbire production, and we’re default, with an opt-in toggle in the privacy settings 🛡️
However, the devil was that it was sneakily enabled by default in the Ledger SDK since their ledgerhq/context-module v1.16... So right after the lib update - every transaction you sign with a Ledger device started sending to blind-signing.api.ledger.com the network, the contract or recipient address, device model and firmware, app versions and whether you signed blind.
I'd argue that privacy should be the default, @Ledger 💪
Happy to see more and more people becoming aware of the privacy implications and picking Ambire for our ongoing privacy focus.
Catching things like this 👀 is part of the job for us!
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pray.gwei retweeted
if you have the power to censor, you WILL eventually be strong-armed into censoring
no one is immune
you need to believe this in your bones, usually from bad experiences directly had or personally witnessed, to gain conviction in permissionless system design...
no one is immune
you need to believe this in your bones, usually from bad experiences directly had or personally witnessed, to gain conviction in permissionless system design...
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pray.gwei retweeted
logging on to LinkedIn and commenting "who gives a shit" on every post
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Are shielded asset transfers good enough for privacy on Ethereum? Are private smart contracts overly complex, slow, and too expensive? This goes to @aztecnetwork’s raison d'être, and the value of the ethereum:0xa27ec0006e59f245217ff08cd52a7e8b169e62d2 token.
I like concept of private smart contracts. The core thing that people want to shield are asset transfers though. So it has always felt simpler and better overall to focus on optimizing around that so that those shielded assets can arrive to otherwise much more liquid public defi.
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pray.gwei retweeted
RollingChat is live: a private messaging board on Aztec Tierra.
Connect an Ethereum wallet, post under any name or as Anonymous. No wallet address is ever attached to a post.
Based on an experiment by @VitalikButerin, completed by @Zac_Aztec.
aztec.network/blog/rolling-c…
Connect an Ethereum wallet, post under any name or as Anonymous. No wallet address is ever attached to a post.
Based on an experiment by @VitalikButerin, completed by @Zac_Aztec.
aztec.network/blog/rolling-c…
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Crypto catastrophe? Counter argument: for truly decentralized and privacy-enhancing applications on Ethereum, this could be a key value driver. Looking at you, @ambire, @Trueo_, @aztecnetwork, @Lighter_xyz, @fileverse, @LiquityProtocol, etc. Game on!
JUST IN: 🇺🇸 Anti-crypto Senator Elizabeth Warren expected to become Chair of Senate Banking Committee, giving her major power over the financial industry.
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I expect a @pudgypenguins version of this in Walmart pronto. cc: @LucaNetz
🎴 Au Japon, des cartes à collectionner remplies de boisson énergisante viennent d'être classées parmi les inventions qui pourraient cartonner en 2027.
Baptisées ENERGY ARTS, ces cartes contiennent chacune 12 ml d'une boisson concentrée sans caféine. Pour la boire, il suffit de puis d'aspirer directement le liquide. Développé par UHA Mikakuto avec une université japonaise, le produit existe déjà depuis 2026 et vient d'être classé à la 5e place des tendances attendues pour 2027 par le magazine Nikkei Trendy.
La marque propose 24 visuels différents inspirés de Street Fighter 6, avec notamment Ryu, Chun-Li et les autres combattants. Chaque boîte contient des cartes aux personnages aléatoires, comme de véritables boosters à collectionner.
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tBTC is probably your best option for "trust-minimized" BTC on Ethereum. But why use non-native, wrapped collateral in DeFi when you can just use ETH? Bitcoin (tBTC, wBTC, cbBTC, etc.) adds complexity and expands your attack surface. ETH is the superior collateral.
tBTC Pause and Security Update: November 4, 2026
tBTC remains fully backed, and no funds have been lost. Approximately 4,320 BTC is held in the bridge wallets against roughly 4,185 tBTC in circulation, with no unauthorized minting or BTC movement detected. You can independently hain through app.threshold.network/explorer/?tab=…
▶ Bridge Operations:
Deposits, mints, and redemptions remain temporarily paused while we complete security maintenance on the bridge. We expect to share an estimated timeline for resuming the bridge soon.
We'll post the next update within 48 hours, or sooner if there are material developments. We appreciate the community’s patience as we complete the necessary security measures.
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The implications here are massive. We finally have proper scaling, shared liquidity, across Ethereum L2s...
CowSwap: first swap on a rollup to be filled with mainnet liquidity
A user on Rollup X signed one order. CoW Swap's solvers filled it against liquidity on Ethereum mainnet and the tokens landed back on Rollup X in the same transaction.
No bridge, no wait, no second signature.
ave to launch with thin pools that users pay for in slippage.
h/t @CoWSwap
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pray.gwei retweeted
In hindsight, ETH & BTC being actually socially decentralized and not pandering to gain political favor will turn out to be a key differentiator from everything else.
on ethereum branding, communist vs capitalist ideology, and bassist ventriloquists:
be the ethereum brand you wish to see in the world
there is literally no one stopping you
just choose that the logo looks a certain way and then tell everyone it does, then let the free de it
also while im at it: I’m sick of the communist rhetoric.
ethereum is perhaps the freest market of all time, and it is deeply unlike other chains, which pander incessantly to the current meta, one such meta has been getting these chains to label themselves as “capitalists” despite doing the opposite (ie solely uplifting state-sponsored businesses and ideas in classic communist fashion).
the whole “ethereum is communist” ideology is lazy cope. ethereum has no opinions, of course people within ethereum do have opinions, largely conflicting ones, of both where the network should be go, and where the world should go, and yet the real power of ethereum is that it’s brought all of these people together in spite of their differences.
ethereum is capitalist, communist hedonist, absolutist, propagandist, partitionist, polytheist and also a bassist ventriloquist.
it’s everything man don’t try to pigeon hole it into a small corner of your biases
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pray.gwei retweeted
ETH really needs concerted marketing as machinic SOV . . . just go all-in on that, market the asset itself. . .
ETH is our best "sanctuary tech"
esp. + Railgun + Kohaku + Ambire + Aztec
yet leaders promote every other "sanctuary tech" instead, I don't get it. . .
ETH literally is the product and needs to be marketed directly and explicitly--yes, "shilled"
verifiable compute is super interesting but doesn't make ETH super investable. . .
...who in 2026 is interested in investing into a bleeding-tech notary service? . . .
. . . very useful but doesn't excite anyone, especially investors. . .
& if ETH doesn't take off I doubt Ethereum's use for verifiable compute will dominate either as the ultimate security for that is ETH's value . . .
ETH is our best "sanctuary tech"
esp. + Railgun + Kohaku + Ambire + Aztec
yet leaders promote every other "sanctuary tech" instead, I don't get it. . .
ETH literally is the product and needs to be marketed directly and explicitly--yes, "shilled"
verifiable compute is super interesting but doesn't make ETH super investable. . .
...who in 2026 is interested in investing into a bleeding-tech notary service? . . .
. . . very useful but doesn't excite anyone, especially investors. . .
& if ETH doesn't take off I doubt Ethereum's use for verifiable compute will dominate either as the ultimate security for that is ETH's value . . .
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Showing actual destruction is antisemitic...
I assumed it was made up. It's not.
Apple Maps has reinstated old imagery of Gaza.
So all the buildings still exist.
The left is Apple and the right is Google of Rafah, a city that is entirely "erased" by the IOF.
What stage of propaganda for Israel is this?
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