Student. Investor. Trader

Joined June 2011
8fold.eth retweeted
The suspension of @Parodyjeffx proves making an investment in a @Tesla product or @X money is a dangerous idea. One wrong observance about Israel and your vehicle possibly won't work, your robot possibly ordered to kill you and your money gone. Be wise people.
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Szwajcaria odrzuciła Unię Europejską 🇪🇺 — i teraz ponosi straszliwe konsekwencje!! Nie ma euro. Nie ma Parlamentu Europejskiego. Nie ma Zielonego Ładu. Nie zna nawet przyjemności czekania, aż Bruksela wyjaśni jej, jakie prawo powinna uchwalić we własnym kraju. Co gorsza, Szwajcarzy zostali pozbawieni fundamentalnego europejskiego przywileju: możliwości bycia przegłosowanym przez państwa, których łączna ludność mieści się w większej europejskiej metropolii. Rezultaty tej katastrofalnej izolacji są widoczne gołym okiem: własna waluta, własna polityka migracyjna, sprawne koleje, bardzo niskie bezrobocie, gigantyczny sektor eksportowy i jeden z najwyższych poziomów życia na świecie. Tragedia. Bez europosłów Szwajcarzy nie mogą nawet wysłać kilkudziesięciu polityków do Strasburga, żeby raz w miesiącu przewozili tam demokrację z Brukseli. Nie mają też dostępu do całej europejskiej mądrości regulacyjnej. Zamiast implementować każdą polityczną modę dwudziestu siedmiu państw, mają bezczelność urządzać własne referenda i samodzielnie decydować, co im odpowiada. Najwyraźniej nikt im nie powiedział, że w XXI wieku suwerenność jest zacofaniem, chyba że korzysta się z niej zgodnie z instrukcją. Tak właśnie kończy się odrzucenie europejskiego projektu: bogactwem, stabilnością, własną walutą i irytującą możliwością samodzielnego podejmowania decyzji. Szwajcarzy naprawdę powinni przemyśleć swoje błędy. Czy ktoś sobie wyobraża sytuację Polski, gdyby wyszla z Unii? Czy ktoś sobie poważnie wyobraża, jaką to by było katastrofą??! Jezus Maria...
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8fold.eth retweeted
I JUST HEARD SOMEONE SAY "MAYBE YOU DON'T NEED MORE TIME TO HEAL, MAYBE YOU NEED MORE EXPERIENCES THAT SHOW YOUR NERVOUS SYSTEM A DIFFERENT REALTY" AND, YEAH.
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8fold.eth retweeted
CeFi stables help Wall Street DeFi stables help Ethereum Shifting DeFi stables market share from 0.5% -> 5% would bring $15B from TradFi onchain. AND you get: - More censorship resistance. - Increased demand for $ETH. Back the stables that back Ethereum: $BOLD $fxUSD $crvUSD
Number go up people should love decentralized stablecoins Every dollar in a decentralized stable is more demand for $ETH $BOLD $fxUSD $crvUSD
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8fold.eth retweeted
That's fuckin' right!
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8fold.eth retweeted
BREAKING: Circle has acquired Liquity. This acquisition will enable Circle to offer its users a non-freezable stablecoin and directly distribute yield under the Clarity Act.
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8fold.eth retweeted
And after voting that out too... 🇪🇺 ChatControl is back with a vengeance The Conservatives (EPP) are attempting to force a new vote TODAY (March 26) seeking to reverse the European Parliament's NO on indiscriminate scanning of ALL your private messages, emails and photos This is a direct attack on democracy and blatant disregard for your right to privacy If you're European contact your representatives now, with this handy form: fightchatcontrol.eu/?foo=bar… If not, please share this tweet so more people see it and we can block the vote It's crazy they keep just bringing back whatever they want until it's passed! Obviously now we see the European Commission is controlled by powerful evil lobbying groups 👺
Just a month later and... 🇪🇺 ChatControl is back! Now they're trying to pass an even more far reaching ChatControl law through the back door, in a form even more intrusive than the originally rejected plan, without needing any of the EU countries votes The new proposal: - total mandatory surveillance of ALL text chats, emails and social media in the EU - obligatory registration of your ID/passport to your chat, email or social media account - minimum age requirement for chat, email and social media apps of 16 (!) The only way to stop this law is if EU countries veto it Read more here by @echo_pbreyer: patrick-breyer.de/en/chat-co…
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8fold.eth retweeted
Another A rating for $BOLD 🏅 BOLD is No. 1 out of 158 ranked stablecoins. ✅ Max. Resilience ✅ Max. Decentralization ✅ Min. Dependency Risk ✅ Reliable peg ✅ Good exit liquidity Want to be in control of your dollars? Hold BOLD. 👉 Check out @PharosWatch from @TokenBrice.
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8fold.eth retweeted
After much reflection, I have decided to resign from my position as Director of the National Counterterrorism Center, effective today. I cannot in good conscience support the ongoing war in Iran. Iran posed no imminent threat to our nation, and it is clear that we started this war due to pressure from Israel and its powerful American lobby. It has been an honor serving under @POTUS and @DNIGabbard and leading the professionals at NCTC. May God bless America.
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Over the past year, many people I talk to have expressed worry about two topics: * Various aspects of the way the world is going: government control and surveillance, wars, corporate power and surveillance, tech enshittification / corposlop, social media becoming a memetic warzone, AI and how it interplays with all of the above... * The brute reality that Ethereum seems to be absent from meaningfully improving the lives of people subject to these things, even on the dimensions we deeply care about (eg. freedom, privacy, security of digital life, community self-organization) It is easy to bond over the first, to commiserate over the fact that beauty and good in the world seems to be receding and darkness advancing, and uncaring powerful people in high places are making this happen. But ultimately, it is easy to acknowledge problems, the hard thing is actually shining a light forward, coming up with a concrete plan that makes the situation better. The second has been weighing heavily on my mind, and on the minds of many of our brightest and most idealistic Ethereans. I personally never felt any upset or fear when political memecoins went on Solana, or various zero-sum gambling applications go on whatever 250 millisecond block chain strikes their fancy. But it *does* weigh on me that, through all of the various low-grade online memetic wars, international overreaches of corporate and government power, and other issues of the last few years, Ethereum has been playing a very limited role in making people's lives better. What *are* the liberating technologies? Starlink is the most obvious one. Locally-running open-weights LLMs are another. Signal is a third. Community Notes is a fourth, tackling the problem from a different angle. One response is to say "stop dreaming big, we need to hunker down and accept that finance is our lane and laser-focus on that". But this is ultimately hollow. Financial freedom and security is critical. But it seems obvious that, while adding a perfectly free and open and sovereign and debasement-proof financial system would fix some things, but it would leave the bulk of our deep worries about the world unaddressed. It's okay for individuals to laser-focus on finance, but we need to be part of some greater whole that has things to say about the other problems too. At the same time, Ethereum cannot fix the world. Ethereum is the "wrong-shaped tool" for that: beyond a certain point, "fixing the world" implies a form of power projection that is more like a centralized political entity than like a decentralized technology community. So what can we do? I think that we in Ethereum should conceptualize ourselves as being part of an ecosystem building "sanctuary technologies": free open-source technologies that let people live, work, talk to each other, manage risk and build wealth, and collaborate on shared goals, in a way that optimizes for robustness to outside pressures. The goal is not to remake the world in Ethereum's image, where all finance is disintermediated, all governance happens through DAOs, and everyone gets a blockchain-based UBI delivered straight to their social-recovery wallet. The goal is the opposite: it's de-totalization. It's to reduce the stakes of the war in heaven by preventing the winner from having total victory (ie. total control over other human beings), and preventing the loser from suffering total defeat. To create digital islands of stability in a chaotic era. To enable interdependence that cannot be weaponized. Ethereum's role is to create "digital space" where different entities can cooperate and interact. Communications channels enable interaction, but communication channels are not "space": they do not let you create single unique objects that canonically represent some social arrangement that changes over time. Money is one important example. Multisigs that can change their members, showing persistence exceeding that of any one person or one public key, are another. Various market and governance structures are a third. There are more. I think now is the time to double down, with greater clarity. Do not try to be Apple or Google, seeing crypto as a tech sector that enables efficiency or shininess. Instead, build our part of the sanctuary tech ecosystem - the "shared digital space with no owner" that enables both open finance and much more. More actively build toward a full-stack ecosystem: both upward to the wallet and application layer (incl AI as interface) and downward to the OS, hardware, even physical/bio security levels. Ultimately, tech is worthless without users. But look for users, both individual and institutional, for whom sanctuary tech is exactly the thing they need. Optimize payments, defi, decentralized social, and other applications precisely for those users, and those goals, which centralized tech will not serve. We have many allies, including many outside of "crypto". It's time we work together with an open mind and move forward.
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Ethereum itself must pass the walkaway test. Ethereum is meant to be a home for trustless and trust-minimized applications, whether in finance, governance or elsewhere. It must support applications that are more like tools - the hammer that once you buy it's yours - than like services that lose all functionality once the vendor loses interest in maintaining them (or worse, gets hacked or becomes value-extractive). Even when applications do have functionality that depends on a vendor, Ethereum can help reduce those dependencies as much as possible, and protect the user as much as possible in those cases where the dependencies fail. But building such applications is not possible on a base layer which itself depends on ongoing updates from a vendor in order to continue being usable - even if that "vendor" is the all core devs process. Ethereum the blockchain must have the traits that we strive for in Ethereum's applications. Hence, Ethereum itself must pass the walkaway test. This means that Ethereum must get to a place where we _can ossify if we want to_. We do not have to stop making changes to the protocol, but we must get to a place where Ethereum's value proposition does not strictly depend on any features that are not in the protocol already. This includes the following: * Full quantum-resistance. We should resist the trap of saying "let's delay quantum-resistance until the last possible moment in the name of ekeing out more efficiencies for a while longer". Individual users have that right, but the protocol should not. Being able to say "Ethereum's protocol, as it stands today, is cryptographically safe for a hundred years" is something we should strive to get to as soon as possible, and insist on as a point of pride. * An architecture that can expand to sufficient scalability. The protocol needs to have the properties that allow it to expand to many thousands of TPS over time, most notably ZK-EVM validation and data sampling through PeerDAS. Ideally, we get to a point where further scaling is done through "parameter only" changes - and ideally _those_ changes are not BPO-style forks, but rather are made with the same validator voting mechanism we use for the gas limit. * A state architecture that can last decades. This means deciding, and implementing, whatever form of partial statelessness and state expiry will let us feel comfortable letting Ethereum run with thousands of TPS for decades, without breaking sync or hard disk or I/O requirements. It also means future-proofing the tree and storage types to work well with this long-term environment. * An account model that is general-purpose (this is "full account abstraction": move away from enshrined ECDSA for signature validation) * A gas schedule that we are confident is free of DoS vulnerabilities, both for execution and for ZK-proving * A PoS economic model that, with all we have learned over the past half decade of proof of stake in Ethereum and full decade beyond, we are confident can last and remain decentralized for decades, and supports the usefulness of ETH as trustless collateral (eg. in governance-minimized ETH-backed stablecoins) * A block building model that we are confident will resist centralization pressure and guarantee censorship resistance even in unknown future environments Ideally, we do the hard work over the next few years, to get to a point where in the future almost all future innovation can happen through client optimization, and get reflected in the protocol through parameter changes. Every year, we should tick off at least one of these boxes, and ideally multiple. Do the right thing once, based on knowledge of what is truly the right thing (and not compromise halfway fixes), and maximize Ethereum's technological and social robustness for the long term. Ethereum goes hard. This is the gwei.
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The definition of hypocrisy.
Freedom of speech is the foundation of our strong and vibrant European democracy. We are proud of it. We will protect it. Because the @EU_Commission is the guardian of our values.
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🚨 URGENT Two days ago I was contacted by a high-ranking employee of the French Government. After determining this person’s position and proximity to the French couple, I have deemed the information they gave me to be credible enough to share publicly in the event that something happens. In short, this person claims that the Macrons have executed upon and paid for my assassination. Yes, you read that correctly. More specifically, that the green light was given to a small team in National Gendamarie Intervention Group. I am told there is one Israeli that is on this assasination squad and the plans were formalized. Again, this person provided concrete proof that they are well placed within the French government apparatus. Further to this point, this person claims that Charlie Kirk’s assassin trained with the French legion 13th brigade with multi-state involvement. Journalist Xavier Poussard’s life is also at risk. This is deadly serious. The head of state of France apparently wants us both dead and has authorized professional units to carry this out. I ask that every person RETWEET and share this. I do not know who in the American government can be trusted, since this source claims our leaders are aware. But I have more specific information which is definitively verifiable, should they care to reach out to me. To the brave official in France who did this because they were so moved by the evil of Charlie’s public execution to risk their own life— May God bless you. Truly. Let all be revealed.
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⚡️This email is one of the most quietly revealing artifacts of the entire post-2008 era. Peter Thiel isn’t predicting socialism here. He’s diagnosing the terminal logic of late capitalism: when ownership becomes inaccessible, belief in the system dissolves. He’s mapping structural inevitability. The key insight is in that last line: “If one has no stake in the capitalist system, then one may well turn against it.” Every economic order survives only as long as its participants believe they have a stake in its rewards. When that belief breaks, when capital accumulation is delayed beyond a generation, the feedback loop collapses. In plain terms: •Boomers owned. •Gen X still managed to buy in. •Millennials rent the world their parents own, and Gen Z is now locked out entirely. The result isn’t ideological socialism. It’s resentful capitalism - a system where people still chase wealth but no longer trust the architecture that allocates it. That’s the precursor to all great systemic transitions - Rome, Weimar, post-Soviet Russia, even 18th-century France. Thiel’s email is almost tragic in tone because he’s speaking to the very class - Zuckerberg, Andreessen, Sandberg - who became the gatekeepers of the new digital feudalism. They turned “ownership” into platform access, and “opportunity” into subscription. The economy was financialized, then digitized, then moralized - and in each step, capital got lighter, faster, and further removed from the people whose lives depend on it. What he’s really saying is this: Capitalism doesn’t fail when the rich get richer. It fails when the poor stop believing they can join them. That’s the pivot we’re living through right now. The “Millennial socialism” he mentions is the immune response of a generation whose time horizon was stolen. The irony is that Thiel, the ultimate capitalist contrarian, saw it first. And he was right. The generation that couldn’t buy the system will end up rewriting it.
Here is Peter Thiel’s email to Zuck and Andreessen in Jan-2020 predicting socialism. Tl;dr too much student debt and lack of affordable housing keeps young people with negative capital for too long. And without a stake in the capitalist system, they will turn against it.
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8fold.eth retweeted
I’m turning 41, but I don’t feel like celebrating. Our generation is running out of time to save the free Internet built for us by our fathers. What was once the promise of the free exchange of information is being turned into the ultimate tool of control. Once-free countries are introducing dystopian measures such as digital IDs (UK), online age checks (Australia), and mass scanning of private messages (EU). Germany is persecuting anyone who dares to criticize officials on the Internet. The UK is imprisoning thousands for their tweets. France is criminally investigating tech leaders who defend freedom and privacy. A dark, dystopian world is approaching fast — while we’re asleep. Our generation risks going down in history as the last one that had freedoms — and allowed them to be taken away. We’ve been fed a lie. We’ve been made to believe that the greatest fight of our generation is to destroy everything our forefathers left us: tradition, privacy, sovereignty, the free market, and free speech. By betraying the legacy of our ancestors, we’ve set ourselves on a path toward self-destruction — moral, intellectual, economic, and ultimately biological. So no, I’m not going to celebrate today. I’m running out of time. WE are running out of time.
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8fold.eth retweeted
Whales don’t want you to know this trick… You can currently borrow at 0% on Liquity V2. Why? ETH loans are currently exempt from redemptions. But why? Redemptions are based on outside debt per collateral type, and the ETH Stability Pool holds $7M more than the total ETH debt. As such, the current split looks like this. With that in mind, don’t forget: 10K $BOLD is currently up for grabs for migrations and leverage via @DeFiSaver. Happy Friday.
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On illicit funds in crypto... Background The entire purpose of crypto is to build neutral, objective, transparent protocols. "Permissionless" is the phrase. It's a belief that regardless of the ethics of the *users* of a protocol, the protocol itself should simply act under the protocol rules. That honesty, that integrity, provides immense societal value. And upon such a foundation, further layers of coordination/rulemaking can be built. Coinbase as a central exchange can make its own rules about its property and systems, *built on top* of permissionless, neutral Bitcoin and Ethereum protocols. Questions When crypto funds are illicit, what should happen? Should Bitcoin nodes block illicit txs? Should Ethereum nodes block illicit txs? Should Uniswap contracts block illicit txs? Should Thorchain nodes block illicit txs? Should miners and validators be policing content? If the answer to any of those is "yes!", then we are not designing an ecosystem of permissionless, objective, protocols, are we? We're designing something else. If the answer to any of those is "yes!", then we're building permissioned financial services, but on a blockchain. Of what value is this to society? And to do so, suddenly the definition of "illicit" must be defined, and it cannot be. Illicit to whom? Illicit under what standard of suspicion, or proof? These are social and legal questions about which people will disagree. If crypto protocols are built to incorporate this social/legal layer, then they are truly useless, for they lose their entire reason for existence... objective, transparent operation. An objective protocol must permit bad actors operating on it. Mathematics doesn't "turn off" when a bad man solves an equation. Language doesn't fail to execute when a bad man speaks it. These are permissionless protocols and so too must be crypto. To those advocating that illicit funds be blocked by protocols, please explain the standards by which such things shall be determined, and please explain why you're involved in crypto in the first place? If a hack is $100, nobody will advocate for censorship. If a hack is $1.5 billion, suddenly, many do. At what dollar value shall a blockchain halt? It's easy to vilify North Korea. What about when Western governments violate law, and confiscate without due process, digital assets from a rightful owner? This is illegal, this is illicit. When our own government commits crimes, shall we permit their action across our protocols, yet when "bad" governments do the same, we put a stop to it? Should a German node operator enforce Saudi law? Should a Chinese operator enforce American law? Should chains be halted and addresses blocked before trials and legal guilt even been established? Just the *accusation* of illicit funds is enough to violate that which we claim to build as inviolate? I am vehemently opposed to crime; to actual crime: to fraud, to theft, to violence. I see open, transparent protocols as an antidote to crime, and as a tremendous boon to good civilization. Laws, which are a human *social layer,* are in place to prevent and punish such crimes and the best governments should vigorously pursue actual criminals. Dear law enforcement: please pursue the criminals that stole those funds! Law enforcement is your job, and you've taxed us upon the promise of fulfilling it. But that social, subjective layer of laws and legal enforcement, must exist above and separate from more foundational underlying strata that operate *objectively* and equally to all parties. When the human world of right and wrong, which must always be subjective, is transposed into an otherwise objective, permissionless system, the latter will fail to be so, and there is no purpose to it. In such case, let us admit we are merely building a more complicated apparatus for subjective social policy. Being decentralized is a gradient Being permissioness is not
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It's simple. Ethereum core developers (EF, L1, L2, ...) must coordinate *proactively* around unifying Ethereum again *by 2026* and *by any means possible* (perfect is the enemy of good). The people want *Ethereum* (so no new brands) with low fees. And they want it yesterday.
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