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rip.eth
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Peter Thiel, multi-billionaire tech investor is going big on ETH treasury companies. he owns 9.1% of @BitMNR, which just expanded its ETH buy offering to $24.5B. now revealed a 7.5% stake in @ETHZilla_ATNF, a new ETH treasury. nobody has enough ETH- token approvals no more next month, ethereum’s pectra upgrade is getting rid of them wallets become smart wallets which allows multiple operations to be combined into one transaction like for the infamous token approvals even metamask will support it at launch plus many
- arbitrum is faster than solana it always has been. 0.25s block time, almost twice as fast as solana. tps is slightly lower, but that only matters if enough transactions can fill it, which we’re far from. all that while using ethereum’s DA & while being one of the most
- Ethereum is probably in a supercycle, similar to what happened to Wall Street in 1971 ETH could recover its ETH/BTC ratio, 2021 highs, that would put ETH at around $21K. Larry Fink, Robinhood, they want to tokenize everything on the blockchain, and they’re gonna build it on a
00:00 - Peter Thiel: Bitcoin doesn’t have much upside left says it’s been “co-opted by BlackRock” and didn’t live up to its cypherpunk, decentralized promise. what does he think has upside? Thiel owns a 9% stake in @BitMNR, the ETH treasury company
00:00 - Joseph Lubin (SBET) is buying ETH Tom Lee (BMNR) is buying ETH Bit Digital (BTBT) is buying ETH BTCS Inc. (BTCS) is buying ETH Trump (WLFI) is buying ETH BlackRock (ETHA) is buying ETH Fidelity (FETH) is buying ETH Coinbase (COIN) is buying ETH smart money is stacking ETH
- everything is bleeding to ETH BTC down 45% against ETH SOL down 49% against ETH in the last 3 months. ETH leads the run
- ethereum can’t fail — there’s no alternative bitcoin defi is nonexistent. solana isn’t even a third of ethereum’s market cap & doesn’t embody cypherpunk values. xrp and bnb are proprietary chains. cardano is a third of solana, and no one builds on it. everything else is
- there’s no ETH available for sale on wintermute OTC SBET is raising $5B to buy ETH BitMine is raising $2B to buy ETH Ether Machine is raising $1.6B to buy ETH strap in
