Discover and read the best of Twitter Threads about #ETH
Most recents (4)
1/ #Ethereum is crashing (not just in USD terms but in BTC terms); has the demand for a decentralized world computer disappeared, or is something else at play? Let's consider the fundamentals from an economic point of view. 
2/ The price level of all monetary goods is determined by (and only by) reservation demand. More precisely, the duration that the average unit of the monetary good is held in reserve.
3/ At one extreme you have a good like gold that is stored in vaults in perpetuity because of a widely held belief that it will retain its value long into the future.
Gold has a very high reservation demand which is why it has a market cap of over seven trillion dollars.
Gold has a very high reservation demand which is why it has a market cap of over seven trillion dollars.
1/ Should we be that surprised with what's going on right now with #ETH and ICOs generally? This is what happens when you have $10B+ raised via ICOs in the last 12 months, no treasury management, no product (or users), and liquid/publicly traded market caps and "shares" (tokens).
2/ #crypto is great for the digital world, but for now (and some time), teams and their employees need fiat to pay for real, non-digital things like rent, food, services, transportation, etc.
3/ I expect this decline to last for another 3-6 months as a growing pipeline of teams both (A) have their non-fiat runways cut by 60-80%, which, if they raised enough for 2 years, is now only 4-9 months, and (B) need to extend their fiat runways by another 12-24 months to ship.
1/
All within the last 30 days in #Bitcoin
• All #Lightning implementations hit Beta! @blockstream @lightning @acinq_co
• lightning.spin gambling #Lapp
• RGB #Lightning + #Bitcoin assets @giacomozucco
• #Liquid Sidechain Issued Assets @Blockstream
All within the last 30 days in #Bitcoin
• All #Lightning implementations hit Beta! @blockstream @lightning @acinq_co
• lightning.spin gambling #Lapp
• RGB #Lightning + #Bitcoin assets @giacomozucco
• #Liquid Sidechain Issued Assets @Blockstream
2/
• AMP #Lightning payment routing research @joostjgr
• Full Privacy Wasabi Wallet @nopara73
• #Schnorr Signatures BIP!! @pwuille @Snyke
• BIS chief says "stop trying to create money" 🤣
• @coinbase custody open for deposits!
• @CasaHODL open for Business!
• AMP #Lightning payment routing research @joostjgr
• Full Privacy Wasabi Wallet @nopara73
• #Schnorr Signatures BIP!! @pwuille @Snyke
• BIS chief says "stop trying to create money" 🤣
• @coinbase custody open for deposits!
• @CasaHODL open for Business!
3/
• @CNBCFastMoney -"#Bitcoin is dead" #lmao
• low-tech inbound LN capacity solution @alexbosworth ⚡️
• #BetterHash protocol for decentralized mining pools @TheBlueMatt
• @TheCryptoconomy releases 100th podcast episode! 😉🤣
• Atomic on-chain #LTC to off-chain #BTC swaps
• @CNBCFastMoney -"#Bitcoin is dead" #lmao
• low-tech inbound LN capacity solution @alexbosworth ⚡️
• #BetterHash protocol for decentralized mining pools @TheBlueMatt
• @TheCryptoconomy releases 100th podcast episode! 😉🤣
• Atomic on-chain #LTC to off-chain #BTC swaps
I was wrong about the #ETH price two years ago, because I saw this, and other weaknesses, in its very design. It simply doesn't work.
Marketing false claims is getting harder to maintain.
Marketing false claims is getting harder to maintain.
We've seen a slow shift in #Ethereum's marketing strategy.
World computer -> unstoppable code -> rich statefulness -> ICO platform -> dapp platform -> etc.
Now it's, "ethereum has the most devs" or "solutions will be found to its problems, because it has the most developers."
World computer -> unstoppable code -> rich statefulness -> ICO platform -> dapp platform -> etc.
Now it's, "ethereum has the most devs" or "solutions will be found to its problems, because it has the most developers."
It doesn't matter the quantity of devs you throw at the problem, as some over-exposed $ETH hedge funds will tell you (especially if the "blockchain devs" can't launch their little pet products).
It's *quality* over quantity, on a basic design that works.
It's *quality* over quantity, on a basic design that works.
