VivekVentures.eth 🦇🔊 @VivekVentures Twitter profile

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VivekVentures.eth 🦇🔊

1 month

We are about to see the perfect storm of upside catalysts for ETH In hindsight, the second half of 2024 will be the most obvious bullish setup for the Ethereum ecosystem in recent history Three headwinds that have held ETH back will become tailwinds, starting this week: (1/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

The Ethereum Merge is one of the most powerful catalysts in crypto history, and it is quickly approaching As we reach the endgame for ETH under the proof of work regime, let's address 10 important characteristics of post-Merge, proof of stake ETH: (0/11)

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VivekVentures.eth 🦇🔊

@VivekVentures

4 months

**WE WILL SEE ALL SPOT ETH ETFS APPROVED ON MAY 23** The backdrop: - ETH sentiment is at a cyclical low - ETF approval is priced between 0-25% - SEC is suing every legit institution in the ecosystem (Uniswap, Coinbase, Consensys) 5 reasons why we’ll see approval anyway: (1/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

3 years

Things I learned at ETH Denver: -Talent flows one way from web2 to crypto. Nobody leaves crypto to go back -Capital flows one way from Wall St to crypto. New capital is raised by web3 funds, not SPACs -Even if we are in a bear market, the $ETH community never stops building

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VivekVentures.eth 🦇🔊

@VivekVentures

3 years

April: Coinbase IPO May: Uniswap v3 June: summer break July: EIP-1559 July: Optimistic Rollups August: zkPorter L2 End of 2021: the Merge (?) Quite a lineup for $ETH this year

ZKsync (∎, ∆)

@zksync

3 years

1/ The ZK vs optimistic rollups debate is about to end. zkPorter, an engine for mass crypto adoption, is coming with EVM-enabled @zksync 2.0 this August. It will reshape the entire L2 landscape. Key highlights:

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

Why ETH will flip BTC: There are 900 BTC mined per day. At current prices, that’s ~$20mm to miners daily Let’s assume miners sell 90% to cover costs. That’s ~$18mm in sell pressure *every single day* Meaning, without ~$18mm of new daily buy pressure, BTC price goes down (1/8)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

It has been ~3 days since the Ethereum Merge ETH price is down 15% from $1650 to $1400. ETH/BTC is down 18% from a local high of 0.085 to 0.07 Bitcoin maxis are grave dancing in full force on ETH This is all short term noise. Let’s look at two big effects of the Merge: (1/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

@VitalikButerin @ryanberckmans @0xPolygon @arbitrum @optimismPBC @StarkWareLtd @zksync It is worth repeating: the ETH Merge is one of the most impressive engineering feats in blockchain history Under a fully PoS regime, #ETH will have the economic structure to increase security, scale with L2s, grow its DeFi and NFT platforms, and overtake #BTC 's throne (11/11)

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VivekVentures.eth 🦇🔊

@VivekVentures

4 months

Ethereum is the ultimate battleground that will unlock the Crypto Renaissance in the US. Either ALL of these are true: - Coinbase has been listing an unregistered security, that - Hong Kong and Canada have approved spot ETFs for and classified as a commodity, and - The CFTC

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

The Ethereum Merge is no longer an “if”, but a “when” Yet, knives are out (as always) attacking ETH - this time claiming PoS governance is more centralized than PoW This is false. Let’s see how ETH governance actually works: (Hint - it’s the exact same process as BTC!) (0/8)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

@VitalikButerin 7. After the Merge, ETH will complement BTC's use cases as pristine collateral and a store of value BTC has cemented its narrative as "digital gold" - and that's great ETH's will be both a "digital bond" (staking yield = risk free rate) and DeFi's main collateral asset (7/11)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

@VitalikButerin @ryanberckmans @0xPolygon @arbitrum @optimismPBC @StarkWareLtd @zksync 10. Post Merge, #Ethereum 's journey will not be over Although L1 ETH will greatly ossify after the Merge, technology needs to continue evolving Data sharding, light clients, staking withdrawals, state mgmt, and more - all coming. From Vitalik: (10/11)

vitalik.eth

@VitalikButerin

3 years

Happy birthday beacon chain! Here's an updated roadmap diagram for where Ethereum protocol development is at and what's coming in what order. (I'm sure this is missing a lot, as all diagrams are, but it covers a lot of the important stuff!)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

1. Post Merge, ETH L1 fees will NOT come down The purpose of the Merge is to deprecate Ethereum's PoW consensus mechanism and replace it with PoS. Fees are a function of blockspace demand, NOT consensus mechanism. For lower fees, use the L2s (already live) for execution (1/11)

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VivekVentures.eth 🦇🔊

@VivekVentures

3 years

More like: Ethereum + Polygon + Starkware + zkSync + Arbitrum + Optimism + (all the modular rollups yet to be created) > every other L1, including Bitcoin and Solana In the end, Ethereum will be abstracted away as a settlement and security layer - a thankless but necessary job

Alex Krüger

@krugermacro

3 years

Bitcoin + Solana > Ethereum It's just common sense Ethereum is trying to do it all itself. That's how you fail. Bitcoin will always be safer and more decentralized. Solana will always be faster and cheaper.

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

3. ETH inflation drops from 4.3% to 0.22% post Merge If we assume 500,000 ETH annual fees, daily ETH issuance drops from 14,250 ETH / day to 736 ETH / day post Merge. That is a 95% reduction in issuance - meaning 95% less ETH that can be sold daily (post withdrawals) (3/11)

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VivekVentures.eth 🦇🔊

@VivekVentures

3 months

And just like that, the Ethereum ETF rose from the ashes to imminent approval Three unexpected implications of the ETH ETF: 1. Lack of ETH staking in the ETF is *very good* 2. Regulatory clarity Trumps inflows as a price driver 3. The ETH ETF benefits $ETH, not other L1s (1/5)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

4. ETH under PoS will have better security (higher cost to attack the chain) than ETH under PoW This has been debated to death - but ETH under PoS mathematically costs more to attack than ETH under PoW. @VitalikButerin describes it best: (4/11)

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VivekVentures.eth 🦇🔊

@VivekVentures

14 days

ETH and BTC are the only crypto assets with regulatory clarity as commodities and institutional on-ramps via ETFs It is time for ETH to stop living in the shadow of BTC ETH is a *better* store of value than BTC - with yield, a sustainable monetary policy, and a digital economy.

eric.eth

@econoar

14 days

ETH with 0 burn has less inflation than BTC

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VivekVentures.eth 🦇🔊

@VivekVentures

6 months

The Ethereum Institutional Thesis: A Store of Value with Cash Flow As crypto comes back into institutional vogue, we wrote an 18 page report on first principles: why blockchains, why tokens, and why ETH Link / PDF below. We explore 8 ETH theses: (1/10)

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VivekVentures.eth 🦇🔊

@VivekVentures

3 years

Bitcoin only wins if everyone holds hands and hodls BTC together #Ethereum wins if people buy NFTs, earn yield in DeFi, play games to earn wages, and interact with the metaverse (all on fast, accessible L2s) Nobody will even need to know they are using $ETH

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VivekVentures.eth 🦇🔊

@VivekVentures

3 months

*Ethereum is the world’s best tokenization platform* This is the narrative that institutions will embrace Blackrock, Franklin, JPM, etc have one main use case for blockchains: to “tokenize the world” This can’t be done on Bitcoin. Ethereum is the answer.

antiprosynthesis.eth ⟠

@antiprosynth

4 months

Just a reminder that well over 90% of all USDC exists on Ethereum, and that even a single Ethereum L2 has more USDC than any alt-L1. And that's just USDC. Ethereum simply is the internet of value.

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VivekVentures.eth 🦇🔊

@VivekVentures

1 month

We’re still on track for a monster second half of 2024 for Ethereum More fuel for the fire, while we purge the ETHE outflows and endure a macro selloff: 1. The institutional ETH marketing machine is roaring 2. Volumes are surging 3. ETH price is just copying BTC post-ETF (1/7)

VivekVentures.eth 🦇🔊

@VivekVentures

1 month

We are about to see the perfect storm of upside catalysts for ETH In hindsight, the second half of 2024 will be the most obvious bullish setup for the Ethereum ecosystem in recent history Three headwinds that have held ETH back will become tailwinds, starting this week: (1/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

5 months

The Ethereum Institutional Thesis is playing out in real time! Ethereum is the *only* chain this cycle with: 1) Potential regulatory clarity (possibly a commodity, via upcoming ETF decision) 2) Smart contract functionality with modular (L2) scalability 3) Institutional grade

Watcher.Guru

@WatcherGuru

5 months

JUST IN: BlackRock launches digital asset fund and deposits $100 million $USDC on the Ethereum network.

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

@VitalikButerin 5. Due to EIP-1559's fee burn, ETH has a deflationary monetary policy in *most* scenarios Since a picture is a thousand words and tweets are limited - see issuance scenarios below: In short, even with 100mm ETH staked and 0 fees, ETH inflation is only 1.51% (5/11)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

2. For a 6-12 month window post Merge, there will be no structural sell pressure from ETH issuance Staked ETH and issuance/block rewards to validators cannot be withdrawn until withdrawals are enabled. However, fee tips (basefee is burned) and MEV can be withdrawn (2/11)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

@VitalikButerin 6. Post Merge, ETH staking yield increases by 50% (conservatively) The current ETH staking yield is 4.2%. Post Merge, with the inclusion of transaction fees (fee tips) and MEV going to validators, staking yield jumps to 6%+ See staking yield scenarios below: (6/11)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

@VitalikButerin @ryanberckmans 9. ETH scaling is here! The Merge swaps out ETH's consensus engine to PoS to increase security. A secure L1 benefits L2 rollups - where the scaling magic happens Scaling is full steam ahead with @0xPolygon , @arbitrum , @optimismPBC , @StarkWareLtd , @zksync , and more (9/11)

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VivekVentures.eth 🦇🔊

@VivekVentures

1 year

@antiprosynth For some reason it's always a zero sum game with BTC. Society has to fall / ETH has to be a security / everything is a "sh1tcoin" - for Bitcoin to win For Ethereum, it's positive sum: build a digital economy, make useful apps, scale w L2s, facilitate stablecoins; all can win

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

@VitalikButerin 8. Post Merge, the Ethereum blockchain will be more sustainable than the Bitcoin blockchain In addition to PoS being more energy efficient than PoW (99% less electricity usage), Ethereum also costs less @ryanberckmans explains this articulately: (8/11)

Ryan Berckmans ryanb.eth

@ryanberckmans

3 years

1/ Bitcoin's cost problem Yesterday, it cost BTC holders an annualized run rate of $17B to run the bitcoin blockchain. Ethereum costs a lot, too, but the cost goes away by switching to proof of stake this year. imo, bitcoin's cost problem is big for BTC holders. Here's why👇

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VivekVentures.eth 🦇🔊

@VivekVentures

3 months

Biggest takeaway today: spot ETH is a commodity Massively derisks the entire Ethereum ecosystem from regulatory overhang!

Tree News

@News_Of_Alpha

3 months

🇺🇸 SEC Approves Spot Ethereum ETFs As "Commodity-Based" Trusts In Landslide Crypto Victory

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VivekVentures.eth 🦇🔊

@VivekVentures

3 years

Finally found a use case for Cardano 🥳

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VivekVentures.eth 🦇🔊

@VivekVentures

4 months

For once, the best risk-reward trade in crypto is also the most non-consensus Ethereum’s time to lead the crypto space to institutional legitimacy begins May 23… …Paving the way for a Renaissance of real crypto innovation going forward! (9/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

3 months

Institutional awareness of Ethereum is only just beginning… $ETH is both a monetary asset and a technology platform for tokenization Now that the ETF approval has granted the “all clear” for ETH as a commodity, Wall St adoption will accelerate more quickly than anyone thinks!

zerohedge

@zerohedge

3 months

Wall Street Now Sees Ethereum Hitting $14,000 In 2025: Here's Why

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VivekVentures.eth 🦇🔊

@VivekVentures

1 year

Ethereum is scaling. It’s getting faster and cheaper. The Rollup Renaissance is just beginning At the same time, the world is valuing property rights more and more. We don’t want our property/speech/data censored This powerful combo will spark mass adoption of Ethereum (1/3)

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VivekVentures.eth 🦇🔊

@VivekVentures

5 months

In the midst of the biggest regulatory onslaught against the ETH ecosystem — WSJ prints this gem of a headline, highlighting that Ethereum might actually have a real use case…

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VivekVentures.eth 🦇🔊

@VivekVentures

4 months

Exhibit 1: ARK and 21Shares, whose spot ETH ETF decisions are due 5/23, amended their filings to remove staking Staking the underlying ETH in a spot ETF is free revenue. No issuer would proactively remove this without guidance from a regulator who signals a path forward… (2/9)

Eleanor Terrett

@EleanorTerrett

4 months

🚨NEW: @ARKInvest /21SHARES removes staking from its $ETH spot application. Will be interesting to see if others follow. Wonder if this means @SECGov staff are engaging? @JSeyff @EricBalchunas

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

Stripe, Meta, supernets, Avail, a continued influx of new DeFi protocols - @0xPolygon never stops grinding Would bet on $MATIC to be a leader coming out of the bear market

Mihailo Bjelic

@MihailoBjelic

2 years

Ok fam it's public: @Meta is making a major foray into Web3, and @0xPolygon will be powering it! 🔥 We have been working with the Meta Web3 team for months; I'm super excited about everything that's coming! Stay tuned, this really can take Web3/Ethereum/Polygon mainstream. 🦄💫

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VivekVentures.eth 🦇🔊

@VivekVentures

11 months

In the depths of this painful crypto bear market, it’s easy to forget why we are here Last week’s Messari Mainnet conference provided an oasis of hope — and a clear call to action — to usher the next wave of healthy adoption 10 takeaways (and why I’m as bullish as ever): 1/20

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VivekVentures.eth 🦇🔊

@VivekVentures

3 years

2021 was won by alt L1s b/c rollup scaling on ETH moved too slowly Web3 went mainstream with NFTs, gaming, DeFi 2.0 Blockspace supply on ETH remained scarce while demand blossomed. Excess demand went to alt L1s But 2022 belongs to ETH and its rollup ecosystem: (1/9)

VivekVentures.eth 🦇🔊

@VivekVentures

3 years

April: Coinbase IPO May: Uniswap v3 June: summer break July: EIP-1559 July: Optimistic Rollups August: zkPorter L2 End of 2021: the Merge (?) Quite a lineup for $ETH this year

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VivekVentures.eth 🦇🔊

@VivekVentures

3 years

Some bear market lifestyle changes: ETH at $4000: chipotle with guac ETH at $3000: chipotle without guac ETH at $2000: taco bell ETH at $1000: eggs only Selling $ETH before the Merge and the biggest supply shock in crypto history? No.

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VivekVentures.eth 🦇🔊

@VivekVentures

3 months

Ethereum is the institutional tokenization platform

matthew sigel, recovering CFA

@matthew_sigel

3 months

Blackrock CIO of ETF & Index Investments @Samaraepcohen said today at the Coinbase event that permissioned blockchains have lost, & that traditional market participants are coalescing around open-source #Ethereum for tokenization, so as not to fragment liquidity 👍

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VivekVentures.eth 🦇🔊

@VivekVentures

3 months

SEC APPROVES SPOT ETHEREUM ETF

VivekVentures.eth 🦇🔊

@VivekVentures

4 months

**WE WILL SEE ALL SPOT ETH ETFS APPROVED ON MAY 23** The backdrop: - ETH sentiment is at a cyclical low - ETF approval is priced between 0-25% - SEC is suing every legit institution in the ecosystem (Uniswap, Coinbase, Consensys) 5 reasons why we’ll see approval anyway: (1/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

3 months

The upside case for ETH adoption - once after regulatory clarity is achieved via the spot ETF: Ethereum will be the largest, most secure, most Lindy blockchain platform - and is finally green-lit for institutions to tokenize their assets on No other L1 will compete with that.

zerohedge

@zerohedge

6 months

@EricBalchunas @NateGeraci Fink's endgame is ETH: he has repeatedly said the goal is tokenization "I see value in having an Ethereum ETF. These are just stepping stones towards tokenization and I really do believe this is where we're going to be going."

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VivekVentures.eth 🦇🔊

@VivekVentures

4 months

Exhibit 3: The SEC already approved ETH Futures ETFs! By approving futures ETFs, the SEC implied ETH is in the same boat as BTC - and that ETH is a commodity under the CFTC Note that this approval was done AFTER the Merge, meaning proof of stake ETH remained a commodity! (4/9)

Nate Geraci

@NateGeraci

4 months

Last thing… If SEC denies spot eth ETFs, can’t wait to see specific reason. Broken record, but I’m going to keep sticking to basics. SEC just approved eth futures ETFs in Oct. Reasons such as lack of corr b/w spot & futures mrkt, eth = security, etc all seem problematic IMO.

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

A consequence from this dark week: Ethereum will face a regulatory reckoning Many will wrongly blame ETH / DeFi for the failures of centralized entities But, if anyone *should* embrace ETH, it is the USA! Ethereum embodies 6 values embedded in US ideals Let's explore: (1/15)

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VivekVentures.eth 🦇🔊

@VivekVentures

4 months

Exhibit 2: Grayscale withdrew its ETH Futures ETF application Grayscale fights and does not lose - it forced the SEC to approve the BTC ETF Grayscale wouldn’t proactively withdraw its futures ETF and avoid a winnable fight unless it knew the spot ETH ETF was imminent! (3/9)

James Seyffart

@JSeyff

4 months

UPDATE This is interesting. @Grayscale just withdrew their 19b-4 filing for an #Ethereum futures ETF. This was essentially a trojan horse filing in my view, in order to create the same circumstances that allowed Grayscale to win the $GBTC lawsuit (approve futures deny spot)

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VivekVentures.eth 🦇🔊

@VivekVentures

3 months

Less than one week away from the spot ETH ETF decision. Good to see Coinbase corroborate my non-consensus prediction. A spot ETF unlocks access to ETH’s unique value prop: the “ability to capture both store-of-value and technology-token narratives.”

Coinbase says market 'underestimating' timing and odds of spot Ethereum ETF approval

The mismatch leaves room for “surprises to the upside” for ether, according to Coinbase analyst David Han.

www.theblock.co

VivekVentures.eth 🦇🔊

@VivekVentures

4 months

**WE WILL SEE ALL SPOT ETH ETFS APPROVED ON MAY 23** The backdrop: - ETH sentiment is at a cyclical low - ETF approval is priced between 0-25% - SEC is suing every legit institution in the ecosystem (Uniswap, Coinbase, Consensys) 5 reasons why we’ll see approval anyway: (1/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

Next key date for Merge watchers: Aug 8-10 range for the final testnet (Goerli) to merge If that goes well, we could be targeting a late September mainnet Merge And then the crypto industry may be led by a new champion :) $BTC $ETH #Ethereum #Bitcoin #Merge #Flippening (8/8)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

Learning about the #Ethereum ecosystem is like playing Whack-A-Mole Each time I grasp a topic, at least 3 new questions to research pop up Every day = learn cutting edge tech, economics, math from the smartest people $ETH really is the frontier And that’s why I’ll never leave

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VivekVentures.eth 🦇🔊

@VivekVentures

4 months

Conclusion: Crypto will be under regulatory attack until there is a change in political regime But the ETH ETF is an inevitability And rather than facing another embarrassing loss, the SEC will be forced to approve the ETH ETF on May 23 (8/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

4 months

Exhibit 4: Gensler said ETH is a commodity! Gensler said on record: ETH is a non-security We’re now in a circus of political theatrics where, even in front of Congress, he refuses to clarify ETH’s status But the ETF decision will force the issue. (5/9)

SEC’s Gensler seen telling hedge funds that Ethereum and Litecoin are ‘not securities’ in 2018 video

A 2018 video has surfaced that shows now-Chairman Gary Gensler saying that 75% of the crypto market is outside of the legal definition of a security.

fortune.com

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VivekVentures.eth 🦇🔊

@VivekVentures

3 months

Interesting to see the spot ETH ETF probability suddenly jump from 0% to 75% by the Bearish Bloomberg Bros 😎

VivekVentures.eth 🦇🔊

@VivekVentures

4 months

**WE WILL SEE ALL SPOT ETH ETFS APPROVED ON MAY 23** The backdrop: - ETH sentiment is at a cyclical low - ETF approval is priced between 0-25% - SEC is suing every legit institution in the ecosystem (Uniswap, Coinbase, Consensys) 5 reasons why we’ll see approval anyway: (1/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

1. ETH ISSUANCE IS DOWN 95% This means that under PoS, the protocol needs to issue 95% less ETH (for arguably more security) shows that in the last 3 days, post-Merge ETH issued was 2,365 ETH. Under PoW, that issuance would have been 42,691 ETH (2/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

4 months

Exhibit 5: The SEC has overstepped its authority and is out of favor The courts have deemed the SEC as “arbitrary and capricious” Given the fact pattern, spot ETH ETF denial would result in another embarrassing loss The only move left now is to quietly approve ETH ETFs (6/9)

Mark Cuban

@mcuban

4 months

If @joebiden loses, there is a good chance you will be able to thank @GaryGensler and the @NewYork_SEC Crypto is a mainstay with younger and independent voters. Gensler HAS NOT PROTECTED A SINGLE INVESTOR AGAINST FRAUD All he has done is make it nearly impossible for

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

All the existential battles are being fought on Ethereum’s soil: - Does centralized ETH staking need to register? (Kraken) - Can a public blockchain be censored? (Tornado on ETH) - Are stablecoins / tokens securities? (Majority are on ETH) (1/2)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

Today, ETH has a similar story: 14,250 ETH issued to miners (+ validators) daily. That’s ~$21mm in potential daily sell pressure (Technically less as validator block rewards can’t be sold yet, but let’s ignore) *Post merge, the ~$21mm in daily sell pressure goes to $0* (3/8)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

Polygon has made it abundantly clear: ETH will focus on decentralization, security, and credible neutrality Polygon and the L2s will focus on mass adoption and real world applications Integrating Meta/Instagram, Stripe, HTC, Coinbase on-ramps, etc will make web3 ubiquitous

Sandeep | AggLayer 👿

@sandeepnailwal

2 years

Everyone seems to be very excited with Web3 Mobile stuff these days. Tbh feels a bit like hopium marketing. @0xPolygon is working on a different strategy by collaborating with existing Mobile heavyweights for global scale. Sth big is coming. A trailer

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

What if that ~$18mm in daily sell pressure vanished - what would that do to BTC’s price? Wouldn’t it naturally drift up with each marginal new buyer vs being constantly weighed down by daily sell pressure? This is exactly what is going to happen to ETH after the Merge (2/8)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

In summary, post-Merge PoS ETH has two immediate monumental changes: 1. 95%+ reduction in issuance and zero sell pressure from block rewards 2. 99.988% reduction in electricity usage This makes ETH an increasingly attractive part of a diversified crypto portfolio (7/n)

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VivekVentures.eth 🦇🔊

@VivekVentures

10 months

Ethereum’s modular design lets you have your cake and eat it too: Max accessibility for running a node on L1, ensuring nation state-level decentralization Max flexibility for the execution environment design space on L2 60k TPS - all secured by ETH. Very cool L2 by =nil;

=nil; Foundation

@nil_foundation

10 months

1/ Introducing =nil; - a zkRollup that securely scales Ethereum to 60,000+ TPS through zkSharding. It takes modular and monolithic architecture advantages for scaling as it maintains unified liquidity and state while achieving full composability with Ethereum. See the thread

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VivekVentures.eth 🦇🔊

@VivekVentures

1 month

The tides are finally turning for the Ethereum ecosystem. Roadblocks are becoming positive catalysts. Headwinds are becoming tailwinds. And the Ethereum ecosystem has leveled up - it is cheaper, faster, and more secure. We’re ready for prime time adoption. Buckle up. (9/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

3 months

Senator Hagerty: “Is Ether a commodity? A yes or no answer will do” Chairman Benham: “Yes” Gensler:

Ryan Selkis (d/acc) 🇺🇸

@twobitidiot

3 months

We are going to win so much, you’ll be so sick of winning.

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VivekVentures.eth 🦇🔊

@VivekVentures

4 months

But what about the lack of comments between the SEC and ETF issuers? The BTC ETFs already paved the legal path for approval! The SEC ignited a storm of inadvertent drama around BTC ETFs - creating a halo effect It will now do the opposite and comment from the shadows (7/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

3 months

Tokenization won’t be the only use case of Ethereum… But it will be the main use case of Ethereum that sparks true mass adoption ETH is the institutional tokenization platform.

DCinvestor

@iamDCinvestor

3 months

prediction: Larry Fink will go all-in on tokenization on top of Ethereum as his legacy to the financial world tokenization won't be the only use case of Ethereum, but once many of the assets are all tokenized there, it will unlock a plethora of other use cases at scale lfg 🚀

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

The Merge is coming; ETH will transform into an economically (and environmentally and game theoretically) sustainable asset - arguably moreso than BTC @ryanberckmans has been championing this idea for years - I’m just rehashing (that’s a PoW pun): (6/8)

Ryan Berckmans ryanb.eth

@ryanberckmans

3 years

1/ Bitcoin's cost problem Yesterday, it cost BTC holders an annualized run rate of $17B to run the bitcoin blockchain. Ethereum costs a lot, too, but the cost goes away by switching to proof of stake this year. imo, bitcoin's cost problem is big for BTC holders. Here's why👇

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

The Merge and EIP-1559 are powerful paradigm shifts for Ethereum, increasing economic sustainability, environmental scalability, and blockchain security They also set the stage for ETH's price to go up - by a lot Let's examine 3 reasons why a high ETH price is important: (0/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

The Ethereum Merge executed flawlessly on 9/15/22 at 6:42:42 UTC 42 is the answer to Life, the Universe, and Everything Congrats and thank you for the incredible work by the ETH devs and community!

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

Bitcoin #BTC maxis are correct. They just keep forgetting to finish their sentence: $ETH is a security … layer.

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

Actually, in most cases, the net daily issuance goes negative, since enough ETH is burned (via EIP-1559 burning tx basefees) that more ETH is removed than issued This means that there could be *net daily buy pressure* on ETH (without a dollar of external capital entering) (4/8)

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VivekVentures.eth 🦇🔊

@VivekVentures

1 year

Thought experiment to tackle the “useless token” problem plaguing crypto projects — Could we redesign core crypto infrastructure to use $ETH for incentives, fees, and security instead of relying on ERC-20 tokens? Let’s use Filecoin, Chainlink, and Polygon as examples: (1/8)

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VivekVentures.eth 🦇🔊

@VivekVentures

3 years

Decentralization matters. Ethereum is building a global public credibly neutral blockchain the correct way. The “ETH-killers” may be faster but will compromise on decentralization. May as well just use legacy tech rails in that case.

Shegen - all banks are insolvent

@shegenerates

3 years

Number of live validators now: ETH2: 189,828 ==== avalanche: 982 cardano: 2849 (1,200 have never produced a block) solana: 752 Vechain: 101 BSC: 21 tron: 1,332 yup... still not even close

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VivekVentures.eth 🦇🔊

@VivekVentures

1 month

The era of regulatory purgatory ended with the ETH ETF approval: - ETH is now a commodity - Tokenization on ETH is now de-risked (see Blackrock’s BUIDL fund) - The case against Consensys and “Ethereum 2.0” was dropped New apps and innovation on ETH can flourish at last. (5/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

This is the argument for ETH’s economic sustainability If removing all daily sell pressure from BTC would help BTC price, then it stands to reason that bringing net ETH issuance to zero (or negative) is bullish for ETH There’s no more structural sell pressure post Merge (5/8)

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VivekVentures.eth 🦇🔊

@VivekVentures

30 days

The flood of institutional capital into the crypto ecosystem will come from passive, automated portfolio allocation into the two crypto ETFs: $ETH and $BTC There is no third best.

Bloomberg Crypto

@crypto

30 days

BlackRock CIO of ETF and Index Investments Samara Cohen discusses the iShares Ethereum Trust ETF (ETHA) and expects we'll see allocation of crypto ETFs in model portfolios by the end of this year and into 2025

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

2. ETH ELECTRICITY USAGE IS DOWN 99.988% Without getting into mental gymnastics of PoS vs PoW, we are in a global energy crisis; using less energy is better Institutions can now allocate to ETH an ESG-friendly crypto asset (Table from Crypto Carbon Ratings Institute) (6/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

Some thoughts in defense of Polygon: Crypto Twitter loves to critique. Often times this is good, as it keeps everyone honest and brings out bad actors However, Polygon is not one of those bad actors. Polygon has had unwavering allegiance to Ethereum from the start: (1/8)

Mihailo Bjelic

@MihailoBjelic

2 years

@odysseas_eth @dlubarov @toghrulmaharram @HackLaddy @pseudotheos @0xPolygon @gakonst I've been using "scaling solutions" for quite some time; "L2" is causing confusion as it's not fully clear what it means, plus it evolves through time. Plasma was absolutely considered an L2 back in the days, but today it might not be because DA is not ensured by L1.

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VivekVentures.eth 🦇🔊

@VivekVentures

1 year

@depthsofwiki @transmissions11 Ethereum is a tomato

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VivekVentures.eth 🦇🔊

@VivekVentures

1 month

Remember: retail only wants to invest passively, And institutions only want to invest after regulatory clarity The ETH ETF will unlock new inflows from both in one fell swoop Upon launch of the BTC ETF, $17bn (and counting) of new capital piled in ETH’s turn is next. (3/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

ETH receives more criticism, more pushback, and more FUD than all other L1s Because it has the most ambitious mission - to build a new economy without compromising on open, permissionless access It’ll be a bumpy road; but in the end, ETH’s battles will forge its success (2/2)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

Note that ETH fees are in a bear market If ETH gas is > 15 gwei, ETH issuance is deflationary and there is buy pressure under PoS vs sell pressure under PoW ETH’s structural issuance shift is massive, and the effect will play out over time (just like BTC halvings) (5/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

3 months

This is exactly why “Tokenization Platform” is the ideal TradFi narrative for Ethereum: - Best-in-class liquidity - Security, and - Potential for interoperability across the Ethereum ecosystem (L1 and L2s) Are the reasons institutional grade assets will be tokenized on ETH

Sreeram Kannan

@sreeramkannan

3 months

Partly true. But we do not need ETH maxi conspiracy theories to understand why developers are building Ethereum L2s. Tl;dr: it is not for alignment, but for liquidity. Each asset has its own canonical ledger. For ETH, the canonical ledger of record is Ethereum the

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

So why are knives out from BTC maxis? 1. They attack PoS - labeling it as a security and as a centralization vector. That argument is tenuous 2. There’s a belief that PoW security and decentralization is better. That’s just mathematically wrong (8/n)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

In USD terms (using $1400/ETH), that means the total potential USD sell pressure under PoS over the past 3 days was $3.3mm Under PoW, this would have been $59.8mm of potential sell pressure Is this a meaningful dollar amount? Today, no. But it will compound over time (3/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

1 month

1. The ETH ETF will unlock new capital into the Ethereum ecosystem Crypto has largely been a closed loop; the barriers to entry for inflows are still too high As a result, we’ve only seen a rotation of capital between crypto assets over the last 2 years - a zero sum game (2/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

We’ll get into PoS vs PoW next time However, competition (which BTC maxis should support) is good for the industry And the ETH Merge results in a fully differentiated competitor to BTC that can bring in new capital Isn’t that what we want for widespread crypto adoption? (9/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

Validators cannot sell block rewards for 6-12mo, so this makes PoS sell pressure ~ zero If we assume ETH price stays at $1400 for a year, total annual PoW sell pressure would be ~$7bn, or 4.2% of ETH’s market cap 4.2% -> 0% is a meaningful reduction in sell pressure (4/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

1 year

Request for feedback from the ETH community Can we create a single-tweet-sized narrative of what Ethereum can be used for? The is for mainstream, non-technical users (institutions and retail) that we need to onboard during this bear market My attempt is in tweet #2 : (1/6)

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VivekVentures.eth 🦇🔊

@VivekVentures

1 month

2. The regulatory witch hunt against ETH is ending Gensler fired as many bullets as he could at the ecosystem - and missed (a recurring theme under this administration) Ethereum has been under investigation since the Merge, making the asset radioactive for institutions (4/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 months

If only there were a secure, institutional-grade platform for tokenization that was green-lit by regulators on May 23… #Ethereum

Eleanor Terrett

@EleanorTerrett

2 months

🚨NEW: @SECGov Commissioner Mark Uyeda just touted the merits of tokenization while speaking at a meeting of global securities regulators: “Tokenization may provide transactions with a higher level of security, transparency, and immutability. It also may remove the need for

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VivekVentures.eth 🦇🔊

@VivekVentures

1 month

Capital that would have flooded into crypto and VC is sidelined, happily parked in 5% treasuries Despite the macro headwinds, ETH + BTC are *still* nearly at all-time highs! Rates cuts are nigh; the money printer is about to fire (7/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

1 month

And the political view of crypto - which has been unabashedly hostile for years - is changing The largest capital markets in the world are finally embracing crypto And new institutional + retail capital will flow into $ETH + $BTC, with the ETFs as the safest on-ramps (8/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

1 month

3. The macro landscape is about to favor riskier assets For nearly 2 years, we’ve weathered the fastest wave of interest rate hikes and monetary tightening since the 1970s This forced capital to consolidate into large cap, vanilla plays (NVIDIA, FAANG stocks, indices) (6/9)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 months

Independence Day holiday would be a very fitting day for the $ETH ETF launch

Eric Balchunas

@EricBalchunas

2 months

UPDATE: we are moving up our over/under date for the launch of spot Ether ETF to July 2nd, hearing the Staff sent issuers comments on S-1s today, and they're pretty light, nothing major, asking for them back in a week. Decent chance they work to declare them effective the next

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VivekVentures.eth 🦇🔊

@VivekVentures

1 year

@sandeepnailwal @_khanhamzah @badcryptobitch @l2beat This is so sad to read :( Polygon IS a large part of the Ethereum community. So by definition you’re not some stepchild. You and Mihailo said from the early days on Bankless that if Polygon wasn’t ETH-aligned, you’d leave. And so you invested the most of any team in ZK tech,

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VivekVentures.eth 🦇🔊

@VivekVentures

3 years

Dear @GregAbbott_TX , @SenTedCruz , and other Texas government officials that issued regulatory action against @CelsiusNetwork yesterday, Please consider this request regarding Celsius and the future of the crypto ecosystem in the great state of Texas: (1/11)

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VivekVentures.eth 🦇🔊

@VivekVentures

3 months

1. Lack of ETH staking is very good If ETH ETFs could stake their ETH: - Staking yield would be diluted - Solo staking would be less attractive - ETH staking would centralize (like BTC mining - see below) The SEC is inadvertently fostering decentralized staking design! (2/5)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

For more detail on what ETH will look like post Merge (including staking yields, user experience, etc), use this overview as a reference: (7/8)

VivekVentures.eth 🦇🔊

@VivekVentures

2 years

The Ethereum Merge is one of the most powerful catalysts in crypto history, and it is quickly approaching As we reach the endgame for ETH under the proof of work regime, let's address 10 important characteristics of post-Merge, proof of stake ETH: (0/11)

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VivekVentures.eth 🦇🔊

@VivekVentures

2 years

In summary - blockchain governance for BTC and ETH occurs at Layer Zero - the community ETH’s Merge to PoS does not centralize governance and give the “richest” more control Any criticism of the $ETH governance process is an equal criticism of $BTC governance #Ethereum (8/8)

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VivekVentures.eth 🦇🔊

@VivekVentures

3 years

Doing my part to pump #Polygon $matic price target = (squat in lbs) / 100

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VivekVentures.eth 🦇🔊

@VivekVentures

3 months

Won’t happen this cycle It’s now ETH’s turn to capture the institutional spotlight And to show that the long road of prioritizing decentralization, security, and modular scaling Has given us an SEC-blessed platform to tokenize the world and reshape the financial system! (5/5)

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