So happy to be able to properly interact with all you apes + apettes now🦾🔥
I have to say, you all are some of the friendliest and funniest people I’ve had the pleasure of interacting with and I consider you all family
#Loopring
💙 x
#GameStop
💎
We’re just getting started💙
It’s crazy that there is even a debate over if crypto is good or bad
99.9% of the world will benefit enormously from crypto / decentralized infrastructure
The only people who lose out are those who control the current systems
Problem is this 0.1% control a lot of the narrative
Can’t believe 10,000+ of you care what I have to say
I truly appreciate + 💙 each one of you Lööp brøthers + sistërs🔥
Lööp trøøp is going to take over crypto in 2022🙏✨
Fiat direct <> L2 is a game changer for Decentralized Exchanges
DEX’s now become real competitors for CEX’s 🔥
Users get the CEX experience (fast, cheap trading) without the custody risk 💙
(Testing on Loopring L2 now, live soon!)✨
Personal update:
I am returning to
@loopringorg
full-time to help fulfill our mission of helping everyone on this planet
#BeYourOwnBank
💙
Now, more than ever, people need a self-custodial, decentralized version of Binance/Coinbase that can't be evil
We can achieve this +more👇
Markets up, we build.
Markets down, we build.
@loopringorg
team has been here since 2017 + we’re not going anywhere
We’re here to scale Ethereum to the masses around the globe💙
@loopringorg
NOTE:
Web app () is now live with direct L2 fiat on-ramp
iOS is now live with 2.0 counterfactual wallet + direct L2 on-ramp will be added in the next few days
Android will follow shortly as well 💙
In the future, users won’t refer to Layer 2 as Layer 2. They will only ever interact with the L2 transaction layer and just think Ethereum is super fast + cheap
They won’t realize Ethereum L1 is doing the security/settlement underneath or that there is multiple layers involved💙
Still want to get an
#NFT
into the hands of every Loopring L2 wallet that doesn’t have one 💙
Keep dropping your L2 wallet addresses and I’ll get to as many as I can over the weekend✨👇
What I 💙 about Loopring is we have the memes and the community
but then we also back it up with incredible technology that can change the world for the better
The only comparable I can think of is Tesla + Elon 🔥
FTX was not
#crypto
FTX was a *regulated* “bank” offering its clients
#crypto
assets
Real
#crypto
, through self custody, allows people to be their own bank
The future of finance will be built on decentralized crypto rails with self custody for all
Onward we go.
I want to fill up more empty wallets with their first
#NFT
- drop your L2 address below - if you already have
#NFTs
then share with your friends and I might drop you too 😁✨
(Loopring L2 addresses only💙)👇
I love how everyone is just waking up now and realizing zero-knowledge (zk) tech is future infrastructure of the financial world
We (
@loopringorg
) seen this and built the first generation of a zkRollup over 2 years ago
We will continue to stay ahead of the curve 💙🔥
I’ve been living nomadically around the world for years now
Multiple times my banks have shut off access to my $$ for days when I needed to pay bills/buy food - this is unacceptable
I discovered crypto out of personal necessity + I wont stop until all of us can
#BeYourOwnBank
💙
You can now directly bridge your $LRC + $ETH from popular CEX’s like Coinbase and Binance, right to your Loopring L2 wallet 💙
This helps removes a huge hurdle for adoption of L2 🔥
You could use a CEX (centralized exchange) to trade crypto
or you could eliminate the third party risk, custody your own funds + get PAID to trade crypto on Ethereum (Layer 2) with zero fees 💙🔥
Want to trade w/ zero fees on Ethereum?
or even better, get paid to trade?🤔
FUN FACT👇
If you deposit to Loopring L2 + use our new orderbooks with "Limit orders" - not only do you pay 0 fees to swap on Ethereum, you actually get a 0.02% rebate🔥
➡️
With everything happening today, it couldn’t be more obvious that we need to remove trusted (manipulatable) 3rd parties from finance (later more?)
#BeYourOwnBank
started out as a meme, but over the next 5-10 years it will become a reality💙
#Ethereum
L2 makes this possible🌀
It’s so clear that Ethereum’s model of max decentralization at the security/settlement layer + scale txn’s/apps through Layer 2 is the correct set of trade-offs to win out
I’m only surprised that it’s taken others so long to see this is the way
2022 is going to be a big year💙
Freedom of Speech is important
but you really can’t have Freedom of Speech without Freedom of Money
If your money can be shut down what freedom do you really have?
I think/hope
@elonmusk
understands this💙
If your
#crypto
coins are on a CEX, they aren’t your coins. You’ve lent them to the exchange (liability of the CEX), hoping they pay you back when you ask
They are your coins, you should own them💙
➡️
#BeYourOwnBank
✨
This is literal madness.
Canada's Deputy Prime Minister says, under the Emergencies Act, banks can immediately freeze or suspend bank accounts without a court order and be protected from civil liability.
Is this still a free country?
.
@vladtenev
’s crypto takes are giving me 2017 flashbacks - makes sense he likes big blocks though - they give centralized powers more control
L2s represent the best possible set of trade-offs for the decentralized future the people deserve
+ L2s are coming to eat your lunch💙
Moving to a 1GB (and later 10GB) block size limit would provide all of the throughput a global currency would need for the foreseeable future. L2 solutions are not necessary to solve this problem.
The most critical advancements always tend to happen in bear markets👇
2012: first crypto exchanges launched (Coinbase)
2015:
#Ethereum
launched
2018:
#DeFi
+
#NFTs
were born
2022: the birth of
#zkEVM
, the critical piece to finally scale crypto to the masses
#L222
🌀💙
You have a lot of wallet choices when you first enter crypto
I personally believe that Smart Wallets are the only solution that will bring on mass adoption though, as users need piece of mind w/o a single point of failure
Here’s an old thread I wrote about it as a refresher💙👇
Security is top of mind w/ every product we build💙
Nobody wants their funds/wallet lost or stolen
but if they are - you need to have peace of mind knowing you have protections
This is why, like
@VitalikButerin
, we believe Smart Wallets w/ Social Recovery are the future
1/👇
The $GME community gets a lot of hate from the outside world
So many voices online all working towards the same goal can get loud and annoy some people, but what’s happening here is truly amazing
By combining
#DAO
+
#crypto
tech, this will become a better form of capitalism💙
Wow, $GME retail investors have directly registered 30% of the outstanding shares in their name through the companies transfer agent in an attempt to fend off short sellers.
In other words, a subreddit owns 30% of a $7.8B company.
Truly unprecedented.
Eventually the Ethereum economy (high growth L2’s💙 + dApps) will break away from Bitcoin and not be phased by its sluggishness
In the same way that high growth startups / stocks are not correlated to the price of Gold
Just a matter of time👾
Free L2 counterfactual wallet
Direct to Lööp L2 fiat on-ramps
Cheap/fast L2 swaps/trades
Cheap/fast L2 transfers
🔥
If you’re still paying gas-fees on Layer 1, that’s on you 😉💙
Until crypto, most hyper-growth startups were incubated until maturity w/o mark-to-market (real time) pricing
Imagine Amazon having a daily price ticker during the first 5 years of its inception
Most wouldn’t have been able to handle their emotions to HODL
#cryptoMeditations
🧘♂️
This is what adoption looks like🔥
Smart Wallets (like
@loopringorg
Smart Wallet) w/ social recovery + no single point of failure are the future of crypto, and the future is here now💙
#BeYourOwnBank
💎
#Loopring
L2 deposits, account creations + wallet creations rocketing these past few days💙
Good to see so many people making the choice to
#BeYourOwnBank
✨
Crypto as the rails for the future financial system is inevitable at this point.
It’s literally just a matter of time.
Oh + basically everything will become financialized.
New EIP 4488 proposal by
@VitalikButerin
is a big deal for Ethereum scaling
This could reduce costs of transacting on Ethereum L2 rollups (like Loopring L2) by ~ 5x 🔥
👀👇
If you look back at every past major crash in crypto history, it looks like a major opportunity
Yet in the moment it happens, emotions and sentiment will still try to convince you it is a major risk
🧘♂️
#cryptoMeditations
I think calling this
@opensea
exploit a hack isn’t fair - sounds like it was a social exploit (phishing attack) on users of the app
The real failure here (imo) is that as an industry we still basically require + promote users to use these insecure, “dumb” wallets w/ apps
🧵👇
1/
Okay doing some
#NFT
giveaways showcasing some of the great
#Loopring
L2 artists💙
First one is this masterpiece by
@yaboynancy
(only 18 left!)
Retweet this, post your L2 address + post your fav Loopring meme below or tell me why you love Loopring for a chance to get one✨✌️
Many don’t yet fully comprehend what’s happening with
#crypto
We’re separating money + state
This will be as big of a revolution as the separation of church + state in the 18th century
Thanks to everyone who came out last night to our Loopring HQ beta meetup🔥
Such a great community, was awesome to virtually meet some of you… many more meetups + public events to come in 2022💙