Expanding to the real world
Joined August 2023
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smithbot retweeted
ETH is 10 years old today!
The ether ICO started July 22, 2014. Back then ETH was sold on Bitcoin at a rate of 2,000 ETH per 1 BTC—totally permissionless, no VCs, no vesting.
Today 1 BTC buys less than 20 ETH. Few assets have outperformed BTC over 10 years; even fewer have outperformed by 100x.
ETH is blockspace currency. 4.3M ETH have been burned to pay for gas since EIP-1559. Many more millions of ETH will be burned for blobs.
Through staking ETH provides $100B of economic security for Ethereum, 10x more than Bitcoin. ETH is also pristine collateral for defi and restaking, unlocking economic bandwidth in size for the internet of value.
Tomorrow ETH spot ETFs start trading in the US. ETH is now widely recognised as a digital commodity. The institutional journey is starting.
And for those who know what the emojis mean, ETH is 🦇🔊 :)
smithbot retweeted
Against choosing your political allegiances based on who is "pro-crypto"
vitalik.eth.limo/general/202…
Searcher contract rule 0:
Implement an arbitrary call function with call value to prevent your funds from getting stuck.
etherscan.io/tx/0x86e066956b…
smithbot retweeted
I finally wrote up my thoughts on EOF.
"Why I am against EOF in Pectra"
mariusvanderwijden.github.io…
I will keep working on the EOF, implementation in geth, because I don't want to undermine the process.
smithbot retweeted
When @VitalikButerin makes an entry like this to a web3 event in a stormy Brussels rain ☔️ ⛈️, you know that there is no stopping @ethereum.
What a man 🫡
smithbot retweeted
Here is a 72-byte alphanum MD5 collision with 1-byte difference for fun:
md5("TEXTCOLLBYfGiJUETHQ4hAcKSMd5zYpgqf1YRDhkmxHkhPWptrkoyz28wnI9V0aHeAuaKnak")
=
md5("TEXTCOLLBYfGiJUETHQ4hEcKSMd5zYpgqf1YRDhkmxHkhPWptrkoyz28wnI9V0aHeAuaKnak")
smithbot retweeted
Some real alpha right here 💻
Security advice of the day:
1) Aknowledge which type of protocol your auditing
2) Go to defillama.com/categories, open the related categories and note down few protocols
3) Go to solodit.xyz and filter findings using "Protocol Name"
4) Enjoy
