dimlyp retweeted
Πες μου ότι περίμενες να αγοράσεις στα 50Κ, χωρίς να μου πεις ότι περίμενες να αγοράσεις στο 50Κ...
dimlyp retweeted
$ETH
We've get perfect Wyckoff pattern here, playing out second phase right now
If structure holds, we'd see kinda rally first and then huge spring to 1,5K low
That's how Wyckoff bottoms usually get completed
dimlyp retweeted
too many focus on saylor, if he was to godown, it would be a normal dip btc has had before and an opportunity to buy cheap and supply gets more distributed..i see it as net positive
theres more money ready to buy dips than saylor could ever have or borrow
if you look historically at a chart you see sharp dips...you see it as normal part of the market...if this happened it would be the same
theres key macro areas that would make it a v shape reversal and saylor would be a thing of the past
if it did happen i'd prefer if it was sharp fast crash as they make v shape...buying sharp down candles reverse fastest...slow bleeds are the worst
not saying it will but you never know with crypto...crashes happen all of a sudden...i have spot bids 45-38k area if it ever did happen.
i think 38k-40k zone give or take cap the down side if it happened
months down the line people will be doing TA on a chart as if its normal crypto crash that has happened many times.
i think there would be a big flood of bids wanting to buy cheap before new highs
$BTC
dimlyp retweeted
$BTC average buy price has dropped to $52,025.
The pink line has been retested and price has gone below it in every bear market, so far.
Is this time different?
$BTC will go below $53,000 prior to the next bull run.
Several reasons why it will and reasons why price could go below $40,000.
I'll wait to buy the right dip vs. calling bottoms and DCA'ing all the way down.
Bookmark this to prove I was wrong, thank you. 🤝
dimlyp retweeted
Two weeks ago, Ethereum researchers met in Berlin to continue charting the protocol's long-term trajectory, following along discussions with client teams in Svalbard in April.
The updated strawmap is at strawmap.org, and I attached a picture of it to this post.
My own high-level takeaways:
* "Lean Ethereum" is not a single one-shot upgrade, it is a collection of improvements that will come online to the Ethereum network over the course of three or four years. But make no mistake, this IS the third major iteration of Ethereum in the same way that the Merge was the second. Almost every major piece of the protocol will be replaced:
- Verification through recursive STARKs, rather than direct re-execution. Recursive STARKs become an enshrined first-class core component of the protocol
- Replacing everything quantum-vulnerable with quantum-safe alternatives
- Consensus: decoupled available chain and finality, one or two-round finality. Theoretically optimal security properties, simpler than today, and faster than today
- Multidimensional gas
- State: not just tree structure, but what *types* of state are available
- Changes to client architecture
...
At the same time, simplification, cleanup and future-proofing. And this will all be done in a way that minimizes disruption to existing application. We've done this before (the Merge), we can do it again.
* H-star (aka Hegota) is probably Ethereum's last thematically "pre-Lean" fork. Starting from I-star, most of everything we do will have a very strong "Lean" feel to it in one way or another.
* Privacy is no longer an afterthought, it is a first class goal. When designing Frames, the mempool, additions to the state tree, we explicitly ask the question "okay, how do quantum-safe, intermediary-free privacy protocol transactions go through this, and what is the overhead?"
* Formal verification of everything for security.
* FV also makes us much more comfortable with canonicalization (having pieces of the protocol that are directly defined as a piece of bytecode expressed in some language). evm-asm is being written in part to become a canonical proof system for the EVM.
* Quantum safety has shifted up a LOT in priority. This adds a lot of work (eg. finalizing a quantum-safe blobs design has become urgent; this work has already been ongoing for months)
* Probably the single most disruptive part of the plan is the changes to state. There is growing consensus around leaving present-day-style "dynamic state" mostly unchanged, but scaling it only a medium amount, and adding new types of state that are more scalability-friendly (eg. no need for builders to sync/store all of it) but more restrictive, and that will scale a large amount.
eg. possible Ethereum in 2030: 2 TB of present-day-style (dynamic) state, and 100 TB of new-style (scalable but restrictive) state
This "new-style" state would work very well for ERC20s, NFTs, many defi use cases, but not eg. highly "central" objects like Uniswap contracts, or onchain order books, or other complex things (which are crucial for Ethereum but which only take up a small percentage of state)
Hence, it will not be *necessary* to rewrite any apps, but it will be *very cost-effective* to eg. rewrite an ERC20 token into a newer design that uses a new type of UTXO storage that is currently being explored, so that it will have >10x lower txfees.
Design of these new state types (current ideas: keyed nonces, ring buffers, UTXOs, statically accessible state, temp state) is an area where we will need a lot of feedback from application developers (incl. privacy-friendly application developers) and probably several rounds of rethinking and iteration.
* In the context of a much larger total state size, we need to figure out the incentive issues around who stores this state and what motivates them to. Even saying "each node stores 1%" is not good enough - why do they store that 1% and why are they willing to serve it? This is being elevated as a first-class research area.
* Ethereum will need to have a "VM" other than EVM in one form or another - at the very least, we need something like leanISA for recursive STARKs - and the gains are large in exposing it to users so that we support programmable privacy and better scalability. Right now, the most likely contenders are leanISA and RISC-V.
My own ideal is that in this world, we adjust the protocol so that the EVM becomes a high-level-language compiler-level feature, and the protocol only "sees" RISC-V / leanISA directly. But this is still far away.
* Gas limit increases, blob increases and slot time decreases will happen many times over the next ~5 years. We expect a large gas limit increase with Glasterdam. Each step of increased scale or decreased slot time is a matter of getting to the point where it is safe to do it, which comes from a combination of client optimization and protocol changes.
Ethereum is CROPS.
Ethereum is scaling.
Ethereum is reinventing itself.
Onward.
dimlyp retweeted
A trader’s edge isn’t in predicting the future. It’s in managing risk when they’re wrong. #tradingtips
dimlyp retweeted
Ethereum is the beginning of the next era of global finance
The trust layer of the new internet
It’s decentralized, fair, and censorship-resistant, powering a global engine of programmable trust
$ETH is your stake in that future



































