TokenAirdrop&Research🛡️币空投网 retweeted
✅️YES～For the past few years, I have been using my subjective judgment of AI consciousness as a reference indicator of a person's cognitive dimension. Now that the name has been chosen, this indicator has lost its function.
TokenAirdrop&Research🛡️币空投网 retweeted
Increasing explicit ETH mainchain rents is less effective than relying on implicit rents because economic scale is immeasurable for the protocol. Raising fees paid by L2 to L1 will inevitably drive some business to competitors. Therefore, the amount of liquid ETH held is actually a good path. Encouraging L2 to maintain liquidity essentially means paying for staked ETH. The combined interest rate spread between L1 and L2, plus the FEE paid by L2 to L1, becomes the real fee rate, a state that can be measured by the protocol. (This is why proposals like EIP-8363, which are either stupid or malicious, feel so betrayed; they push the expected implicit fee rate for L2 to near zero.)
TokenAirdrop&Research🛡️币空投网 retweeted
提升显性的ETH主链租金不如依靠隐性租金，因为经济规模对协议而言不可衡量，提高L2向L1支付的费用势必会驱赶一些业务到竞争对手。那么实际上流动性ETH的占有量是一个不错的路径，鼓励L2保持流动性状态ETH本质上就是向质押中的ETH付费，L1和L2之间的综合息差+L2向L1支付的FEE成为真实费率，而这是可以由协议衡量的状态。（这也是为什么对像EIP-8363那种非蠢即坏的提案感到非常的被背叛，它将L2预期隐性费率压到趋近于零。）
TokenAirdrop&Research🛡️币空投网 retweeted
ETH接下來通過L2的價值捕獲通道並不僅僅是向主網貢獻的手續費，而是貢獻的$ETH的占有量，從而提高ETH的廣義鎖定率。而Robinhood、BASE、Arbitrum One等不僅僅在不斷的將ETH沉澱入交易池中，還在將新的價值(RWA)匹配進來，真正做到了開源節流。有價值堆積的地方，往往蘊含超額收益。
TokenAirdrop&Research🛡️币空投网 retweeted
Robinhood L2 proves that Ethereum on RWA is adding value to the Ethereum platform. This means that stock tokens are not simply distributed as stablecoins; they are also driving up the value of $ETH!
TokenAirdrop&Research🛡️币空投网 retweeted
The Ethereum community should be wary of the recent resurgence of discussions about Proof-of-Work (PoW). Following EIP-8363, we need to pay close attention to the underlying intentions behind many suspicious developments. Seizing control of the chain by undermining ETH's voting power is one strategy, as is introducing another validator role; both essentially create and fill control gaps. It's like trying to seize power in a parliament and finding too much resistance, so they try adding chairs and introducing forces they can control to seize power. Therefore, the Ethereum community must be extremely cautious about preparations before adding chairs, otherwise they will miss the window of opportunity to defend Ethereum. If the Ethereum network falls, the reintroduction of domination and suppression could be far more robust and experienced than what we've experienced in the past five years, leaving us perhaps with no choice but to abandon hope for Ethereum. Hopefully, some Ethereum researchers can realign their interests with the community. After all, we're not fools; honesty is always better. Once your ETH is sold, it's sold. Trying to seize the network and sell it again is harmful and a betrayal of the entire community. Becoming a network employee is a win-win situation.
#Ethereum #ETH #Crypto #POS #POW
TokenAirdrop&Research🛡️币空投网 retweeted
Smaller staking groups and Solostakers will inevitably withdraw, resulting in the hollowing out of the rights granted to ETH by Proof-of-Stake (PoS) and a transfer of network control.
> Smaller stakers are clearly more expensive than larger stakers, and have better access to electricity and network resources.
> Smaller stakers are generally more financially vulnerable than larger stakers.
> Larger stakers possess various asymmetric revenue resources such as flow orders, RFQs, and private order flows.
> Larger stakers have more leeway in legal entity matters, allowing them to save on tax costs. With APY approaching 0%, smaller stakers only have the option of capital gains tax, and currently can at least switch between income tax (such as STETH, EETH, dividend-staking ETFs, etc.) and capital gains tax (WSTETH, CBETH, and non-dividend-staking ETFs, etc.).
> APY supports the status of individual stakers, allowing them to apply for passive income visas for legal residency. Removing APY means their status cannot be renewed, eliminating this demand.
Most importantly, Proof-of-Stake (PoS) is not Proof-of-Work (PoW) and does not require PK (Power Costs). The practice of accounting for staking issuance as a security expense is misleading. Staking is simply one of the states of ETH itself. Either you pay taxes in exchange for liquidity priority, or you collect taxes and become a voting common stock. The evenly distributed fixed APY is an illusion; buying ETH is essentially buying shares, and ETH can transition between states.
TokenAirdrop&Research🛡️币空投网 retweeted
in the words of eip-8363 co-author pa7x1: “we can set the stake cap wherever we may need it.”
his original analysis calls the parameter choices “heuristic” and says “there is no hard science behind them.”
github.com/search?q=repo:pa7…
TokenAirdrop&Research🛡️币空投网 retweeted
How does an Ethereum protocol change actually go from idea to live upgrade?
We wrote up the full process, step by step, including where validators come in.
Ethereum Governance 101
How Ethereum governance works
hub.ethva.org/governance
TokenAirdrop&Research🛡️币空投网 retweeted
I am not support EIP-8361 ; it's a proposal detrimental to the Ethereum network. For staked ETH, the impact of $ETH issuance is much smaller and usually positive. This proposal benefits liquid ETH more than smaller stakers and will further centralize MEVs. This will lead to a more centralized Ethereum network, damaging its decentralized foundation and undermining its long-term network security and trustlessness. What the Ethereum network needs is a lower staking threshold, easier participation in network contributions, and the ability for more types and numbers of devices to participate in network consensus, incentivizing small and micro independent validators. Suppressing rather than encouraging decentralization will push Ethereum towards Solana, sabotaging its core advantages.
#Ethereum #ETH #Crypto #EIP8361
TokenAirdrop&Research🛡️币空投网 retweeted
@ethlabs_org 正式登场是 @Ethereum 步入下一阶段的明确公开信号，说明背后很多工作都完成了。
我之前就说过，纯粹的加密朋克声音对于 $ETH 来说就是纯粹的噪音。如果以太坊如今还是一个原始的POW链，那么机构实际对于介入链条是没有抓手的， Ethereum 的核心功能就是将信息构造成区块并证明它，那么持有ETH获得该权利并获得收益的设计是以太坊组织架构转变的需要。因为在人类历史上任何一个有组织的市场及工具，都需要协作，在达到一定规模后需要输入管理介入维护和分配，哪怕黑市也是需要秩序的维护。股票市场需要，黄金需要，大宗需要，以太坊也需要
Announcing Ethlabs: a non-profit R&D lab for Ethereum and ETH
Our mission is to make Ethereum the settlement layer of the global economy.
The internet became global because shared protocols created a common language between networks. Private systems remained useful, but bounded. Finance is approaching a similar moment. As value, assets, and markets become digital, the world needs shared settlement infrastructure.
Ethereum is uniquely positioned to become that shared base layer, the neutral foundation on which users, institutions, and agents can transact without intermediation.
What we believe:
• We believe credible neutrality matters. Ten years of uptime and the lowest counterparty risk. Ground that cannot be pulled away by any one country, institution, company, or person.
• We believe ETH matters. The most valuable, programmable store of value. A decade of broad distribution, deep liquidity in onchain markets, and maximally trustless asset on Ethereum.
• We believe DeFi matters. Markets, liquidity, credit, exchange, and coordination, open to anyone.
• We believe adoption matters. Principles do not change the world until people benefit from them.
We sit between two worlds: real usage from the builders at the frontier, and the protocol that has to support it. We work with users, applications, wallets, L2s, infrastructure teams, institutions, ETH holders, core devs and researchers, then turn what they actually need into protocol work, shared standards, infrastructure, and shipped products.
Ethlabs is independent but Ethereum is a shared project. We are one node in a much larger network of stewards. This is the multi-node future.
We have spent the better part of the past decade contributing to Ethereum core research and development.
We are opinionated and transparent. We move with urgency, learn in public, and course-correct when we’re wrong.
We are building a lean, talent-dense team for people who want to do the most important work of their careers: [email protected]
TokenAirdrop&Research🛡️币空投网 retweeted
One key difference between gold and stocks is that gold's holders constitute gold itself, with consensus maintained by laws set by the creator. Stock holders may not constitute the company itself, and consensus is provided by exchanges and market feedback. While BTC holders do constitute BTC, consensus maintenance is partly handled by a group called miners. ETH holders constitute ETH itself and essentially replace those miners.
Copper and silver have similar forms of existence to gold, but with the added influence of industrial attributes as input variables. A significant rise in gold prices either pleases most people or has little impact. If copper and silver prices were the same as gold, your neighbor might struggle to afford batteries or new wiring. Similarly, for Ethereum, for a single transaction, a decrease in transaction fees takes far greater priority than how much ETH is burned.
If you stake ETH, you will be completely oblivious to potential ETH inflation. Theoretically, unless all ETH is staked, the experience for staked ETH will be deflationary.
When the Ethereum Fund dominates the development of the Ethereum network, constrained by various factors, EF must indeed maintain a unilaterally high standard. With EF having almost sold off all its ETH, its role has shifted from a vital component of ETH to that of a worker, thus diminishing its constraint on the Ethereum network's development.
The Bitcoin network is Proof-of-Work (PoW), meaning BTC holders have indirect control over the network; block creation is determined by miners, and direct control of the network rests with them. Because the Ethereum network is Proof-of-Stake (PoS), block creation is determined by ETH holders, giving them direct control over the network. When EF becomes an employee of ETH holders, the story has reached a tipping point; things are about to change. I remain bullish on $ETH.
#ETH #Ethereum #BTC #Crypto #Layer1 #Tokenization #Blockchain
TokenAirdrop&Research🛡️币空投网 retweeted
黄金和股票的区别之一：黄金的持有者组成了黄金，共识由造物主制定的规律维护。股票的持有者未必组成公司本身，共识由交易所和市场反馈。BTC的持有者确实组成了BTC本身，但是共识维护一部分交由一群叫做矿工的人。ETH的持有者组成ETH本身，并亲自替换了那群叫做矿工的人。
铜和银具有和黄金类似的存在形式，但多了影响力巨大的工业属性作为输入变量。黄金价格大幅上涨大部分人要么高兴要么没啥影响，如果铜和银价格和黄金一样，那么你的邻居买电池换电线可能都成了奢求。所以同理，Ethereum对于单一交易，手续费下降优先级远高于烧了多少ETH。
若将ETH加入质押，你将对ETH可能的通胀彻底无感，理论上除非所有ETH都加入了质押，否则对于参与质押的ETH感受就是通缩的。
当以太坊基金主导Ethereum网络的发展，受制于各方面束缚，EF确实必须单边保持高尚。随着它几乎卖光了手里的ETH，它的身份从ETH重要的身体组成部分变成了打工仔，对于Ethereum网络发展束缚也将随之淡化。
比特币网络是POW的，BTC持有者对网络控制是间接的，区块构建由矿工决定，网络直接控制权在POW矿工手里。由于以太坊网络是POS的，其区块构建是由ETH持有者决定，故ETH持有者具有网络的直接控制权。当EF变成ETH Holder的雇员，故事已经推到了临界点了，它马上就要变了，依然看好 $ETH 。
#ETH #Ethereum #BTC #Crypto #Layer1 #Tokenization #Blockchain
