Ethereum and CryptoPunks OG | EIP-1559 co-author | Solo Staker | Angel Investor |
Aug 27, 2018 • 9 tweets • 5 min read
1/ After last weeks Ethereum Core Dev Call on issuance, I wanted to post a tweet thread follow up to my blog. I've pulled updated data, laid out my argument again, and compared the 3 EIPs below. I still strongly stand behind EIP-1234 and am very against EIP-1295.
2/ First let's revisit my post. I theorize that since network participants are paying for network security, you can create a baseline against another chain to analyze if you are overpaying or underpaying versus said chain. For my Ethereum comparison I take Bitcoin.
Jul 13, 2018 • 6 tweets • 2 min read
1/ Quick thread on crypto valuations and gain multiples. I’m tired of seeing bubble graphs that point out BTC and ETH’s >1000x multiples and saying it’s not sustainable. Crypto allows anyone to participate in early “funding rounds” unlike private rounds of traditional companies.
2/ Let’s use Facebook, which is currently valued at $600bn. If you look at the graph of $FB stock since IPO, then you’d be led to believe that FB has only risen ~5.5x since IPO. This is not a fair comparison to crypto, we need to look at the early funding rounds for FB.
Jun 21, 2018 • 11 tweets • 3 min read
1/ I don’t think there is any type of scam or fraud behind @bitfinex, #Tether, and $USDT reserves. Today’s report gave the market the most important information they needed (reserves are there), yet doubters want more. Here is why I don’t think there is fraud with #Tether:
2/ The hit on Bitfinex is that they are printing $USDT with no backing. This would mean that Bitfinex is knowingly committing fraud and market manipulation for in the crypto space, all while the biggest spotlight is on them. This seems extremely unlikely to me for many reasons.
