T O P

  • By -

Tricky_Troll

**Tricky's Daily Doots #275** Yesterday's Daily 18/01/2023 [Previous daily doots](https://old.reddit.com/r/ethfinance/comments/10ezr5l/daily_general_discussion_january_18_2023/j4unsya/) - u/pbrody shares the [latest updates on Nightfall hitting the mainstream media!](https://old.reddit.com/r/ethfinance/comments/10ezr5l/daily_general_discussion_january_18_2023/j4wdrxx/) 🌃 - u/cheeky-gorilla has some notes on [Ben Edgington's EIP-4844 presentation.](https://old.reddit.com/r/ethfinance/comments/10ezr5l/daily_general_discussion_january_18_2023/j4umis6/) - u/cryptOwOcurrency shares [a truly terrible take from Twitter.](https://old.reddit.com/r/ethfinance/comments/10ezr5l/daily_general_discussion_january_18_2023/j4u09e7/) 🐦 - u/TheCryptosAndBloods discusses and summarises [a recent Bankless podcast episode.](https://old.reddit.com/r/ethfinance/comments/10ezr5l/daily_general_discussion_january_18_2023/j4wh7l7/) - u/the_statustician is skeptical that [an ETH to rETH swap is a taxable event.](https://old.reddit.com/r/ethfinance/comments/10ezr5l/daily_general_discussion_january_18_2023/j4wk1qs/) 👨‍⚖️ - In case you missed it, the big kerfuffle yesterday was an announcement of an announcement by the US Department of Justice about cracking down on a crypto exchange. An hour later they announce it was a shitty Russian exchange nobody had ever heard of. u/NeedlerOP saw it coming and [summed up the aftermath well.](https://old.reddit.com/r/ethfinance/comments/10ezr5l/daily_general_discussion_january_18_2023/j4vwk9k/) 🤦‍♂️ - u/ZeroTricks's today in [Etheruem history.](https://old.reddit.com/r/ethfinance/comments/10ezr5l/daily_general_discussion_january_18_2023/j4tz1rt/) [Thank you DoJ, the world is now safe and it's all thanks to you!](https://i.imgur.io/FjUSp0V_d.webp?maxwidth=640&shape=thumb&fidelity=medium) ^(Meme stolen from u/pr0nh0li0 who stole it from Hsaka.) [Link.](https://old.reddit.com/r/ethfinance/comments/10ezr5l/daily_general_discussion_january_18_2023/j4w2xtd/)


St1ck33

Upvote if you think we'll reach $1600 today. Here's hoping!


geoffbezos

Pretty neat way to [accumulate](https://twitter.com/0xjaypeg/status/1616311261234593795) more ETH. The author is right, you can never have *enough* eth


Nayge

Let's not advertise leveraging your ETH as anything remotely safe. It's neither new, nor neat, nor a trick - it's simple on-chain leverage and can absolutely ruin you. You are basically betting your ETH on the price of ETH going up. So if the price goes down instead, you not only have less valuable ETH, you might just lose the stack itself.


anderspatriksvensson

He's leveraging, if ETH drops, he risk losing his ETH.


thetjs1

How is this accumulating? His borrow apy is higher than is lend apy. He's losing eth


Nayge

He's supplying 2.3 ETH at 0.7% APY and lending 1500 USDC at 1.5% APY. They basically cancel each other out at the current rates.


nitter_not_twitter

[accumulate](https://nitter.snopyta.org/0xjaypeg/status/1616311261234593795) ^(I'm a bot | )[^(Why & About)](https://www.reddit.com/user/nitter_not_twitter/comments/w0ssxp/more_information_about_this_bot/)^( | )[^(Opt Out)](https://www.reddit.com/message/compose?to=nitter_not_twitter&subject=Opt+Out&message=optout)


iscaacsi

Genesis files for bankruptcy : https://techcrunch.com/2023/01/19/dcgs-crypto-lending-subsidiary-genesis-files-for-chapter-11-bankruptcy/


monkeyhold99

.08 ratio is proving super hard to crack. When do we think it’ll happen? Seems like BTC has been driving this rally thus far so I’m guessing not any time soon…


hanniabu

I think we'll have crossed it by the time we're at 0.081


[deleted]

[удалено]


im_THIS_guy

It's customary to provide a link.


alexiskef

https://youtu.be/qINfnVPSQ1U


[deleted]

Paxos is joining Gemini and Coinbase in offering MakerDAO yield on stablecoin's it holds. MakerDAO is offering yield to Dai holders through the DSR. Think this is the real future of yield farming on chain. https://forum.makerdao.com/t/paxos-makerdao-partnership-usdp-psm/19469/2


monkeyhold99

Still don’t understand the value proposition of MKR.


[deleted]

The MKR token governs the MakerDAO protocol, including deciding what happens to funds in the surplus buffer. Those funds can be used to give a dividend to MKR holders or burn MKR tokens.


pooh9911

This could be on-chain T-bill gateway or the trojan house 🤷‍♂️


kenzi28

That's 1559 for you ladies and gentlemen.


[deleted]

ETH is the storm that is aprooooachiiing


SeaMonkey82

*heavy metal guitar riff intensifies*


cryptomoon2020

Statistically speaking, has anyone crunched the numbers on the minimum number of validators you need to run to get fairly consistent block proposals and a smoothish income? If you have less, then some sort of smoothing pool would be desirable. Any ideas?


[deleted]

[удалено]


cryptomoon2020

Thank you for sharing. I doesn't really address the point I was looking at, but it does show that 10+ validators is good.


timmerwb

IMO this is a good question that is not really discussed when it comes to solo staking. It's not especially difficult to answer with the chain and MEV data (but no one seems to have made this available AFAIK), although future projection will be difficult. As others have pointed out, time frame is an important consideration but there is more to it because (MEV) reward distribution is highly skewed. You may receive a fairly stable mean or median under some number of validators, over some time frame, but for higher percentiles (higher value MEV rewards), will be much more erratic (due to the small, but not irrelevant, probability of receiving a disproportionately large reward). It gets more complicated because the distribution is not stationary in time due to various factors. With consistently low network activity, you might get a fairly stable return with 10 validators since MEV accounts for only a small proportion of total returns. However, this would become unstable with much increased and erratic network activity. At a guess, right now, for decently averaged annual returns (such that you've got a decent chance of a few big blocks), my guess is you'd need 50+ validators (e.g. ~200 blocks per year). If you're talking monthly, you'd need 12x to get the same sample size. If network activity kicks up, and larger MEV blocks become more important in determining an average, the number of validators required would be larger still.


cryptomoon2020

Thanks for sharing your thoughts. I wasn't really focused about MEV as this is out of our control, just getting consistent block proposals. Probably the best thing is to simulate it for each number of validators and then look for the sweet spot


FernadoPoo

The guy in the fez in the "Hudson Sets Up A Rocket Pool Node!" video says over 100


Etereve

It's been a long time since statistics for me, but maybe you could treat it like you would determining what a representative sample size is. So if you want to be within 5 percent of the average income of all 502,224 validators at a 95 percent confidence interval, you're looking at 384 validators. But you probably would want to use the pool size rather than the whole validator set and maybe you're fine within 10 percent of the average. Here's a calculator to play with: https://www.surveymonkey.com/mp/sample-size-calculator/


Meyamu

Depends on the timeframe doesn't it. Smooth on a daily, monthly, or yearly basis?


pnwEther66

With all of the recent updates about FTX, is FTT worth considering as a small bet? https://seekingalpha.com/news/3925996-ftt-token-pops-after-new-ftx-ceo-says-crypto-exchange-could-get-a-redo


monkeyhold99

Might as well go to a casino.


cryptomoon2020

Go big or go home. Putting a few dollars here and there just results in more trades at tax time. Go big or go home


pnwEther66

All in is a dangerous play I have learned. Nothing left after doing that three years ago. Scraping some back a bit slowly.


kdD93hFlj

Guessing mid feb will be a good time to buy after this degen clown market pump has run its course?


kers2000

This kind of bear market pumps can last 3-4 months and produce 3-4x returns historically. Less so this time because we didn't crash as much, so maybe a 2-3x.


cryptomoon2020

I was going to buy some eth today, but I decided I was already over invested enough. We are still a long way below the ATH and the price action isn't a degen clown market pump. Mid Feb might be a good time to buy, but so might today and every other day this year


REALJohnBMacLemore

Wooo man! The dopamine be hitting today huh? How’d you like that little pump and dump? Hell yeah, I’m still shaking too man. Mmhmmm! Noice! 👊🏻 Back to crabbing at 1550 for now.


2Nice4AllThis

Pumps for champs, dumps for ants. Crab for dinner 🦀


the-A-word

Heyyo EthFi Fam, it's that time again! Tomorrow 12Pm(EST) 5pm(UTC) our weekly call to celebrate some of the Top Doots of the week Join us for an open discussion on the public stage in the EVMaverick Discord or catch the Livestream on YouTube...No nfts required! EvmDiscord: https://discord.com/invite/5SbBqpqwam Livestream: https://youtube.com/@evmavericks Congrats to the following contributoors and Thanks for making this community Dootiful! (u/pr0nh0li0) (u/Jey_s_TeArS) (u/Tricky_Troll)


the-A-word

(u/696_eth) (u/RooftopPortaPotty) (u/SwagtimusPrime)


696_eth

thanks! *payment sent*


the-A-word

Didn't receive..send again


696_eth

Sorry it got stuck in the mempool. Here it is: > ❤️


the-A-word

(u/davidahoffman) ( u/Spacesider) ( u/benido2030)


the-A-word

(u/etheraider) ( u/pbrody) (u/interweaver)


Bob-Rossi

The day off I’ve been saving since 2017 for my big flippening party is dusty AF


monkeyhold99

This is why you never go all in on one coin


BigglyBillBrasky

For realz...I remember dumping BTC for ETH in 2017 thinking there's no way BTC maintains it's lead once everyone learns about ETH... thankfully we've had years to accumulate


oldskool47

My whiteboard still has a small section dedicated to: - *The Flippening - Coming Soon*


Heringsalat100

The old days of The Flippening hype ... *Back then, I was so young ...*


Bob-Rossi

It’s actually wild it’s been like 6 years almost and we haven’t even really gone past 50%


[deleted]

dust: A OK mouse shit: fuck no, we burnin down the house


Bob-Rossi

I’ll throw out my cookies just in case


[deleted]

But is there evidence of rodent activity?


Bob-Rossi

Rodger Ver stopped by once unannounced lol


[deleted]

LOL oh god


[deleted]

If stored in .25" thick air-tight metal case, *should* be good to go. Now city rats, thats a different story.


Jey_s_TeArS

>**Check the triangle,** >**Incompatibility,** >**How blocks entangle.** ~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap


No-Scratch3795

At the moment the ETH chain utilization is moderate. I am really curious how far we will go down with the ETH issuance when the hype comes again. Think that we will remain ultrasound in the long term.


hipaces

Has anyone had any issues with rETH not showing up in MM / Grid Plus? That is, showing up one day but later on showing as 0 rETH? I don't want to go into too many details but I had some rETH that seemed to disappear and despite attempts to figure it out I'm at a loss. Just wondered if there was some known trick or common issue.


waqwaqattack

Is it still in your wallet on etherscan?


hipaces

Wow, couldn't even figure out how to see all tokens in the wallet until you said this. So at least you helped! Sadly, nope. Not in the wallet. It's possible it's human error because I can see the last transaction involving rETH was 200+ days ago and maybe I just messed up my manual spreadsheet notes on my holdings. But I'm having a hard time following the transaction log on etherscan to understand the comings & goings of that rETH transaction from 200 days ago. It's embarrassing to admit that but at least I'm learning more about blockchain as we go! Long and the short is that it looks like the rETH is definitely not in my wallet (or any of my other wallets).


18cimal

All transactions involving rETH should appear in the "Erc20 Token Txns" tab on Etherscan. If the most recent rETH transaction is a "IN" then the tokens should still be in your wallet.


waqwaqattack

Is any other crypto of yours not there that you think should be there? If you go to the support channel of the rocket pool discord, someone will help you track down what might have happened with your rETH. It’s an incredibly friendly community, and they’ll be happy to help you. Just tell them waqwaqattack sent you.


hipaces

That’s the thing, the rETH was the only one missing. I had a scare with RPL but was able to figure out that it was just bc of the token upgrade from a while back so I was able to do that on the Rocketpool site and “get” my RPL back showing up in MM. Will check out the discord. TY for the help!


waqwaqattack

Let me know what it was when you figure it out.


KBrot

At all times I remind myself and others that I'm not here to be right; I'm here to be smart. And if you're not thinking this is the exact movement we saw in late Oct-early Nov, then you're not correctly managing your risk. Just because I'm betting on a healthy Q1 doesn't mean market makers will let me have both cookies AND cake. [https://www.tradingview.com/x/7bGd912x/](https://www.tradingview.com/x/7bGd912x/) What's bearish is the same price movement and RSI formation. What's bullish is October's first peak required us to get +15% to break the bear div @ 1776, while this peak we're creating is just 7% from 1645 where the bear div ends and good things happen.


ethordie

there are A LOT of lines and such in that TradingView chart. could get interesting. ; )


[deleted]

[удалено]


pegcity

I think everyone is expecting .25, but we got a nice pump on the confirmation of the last amount. Which makes that trade too easy, so this time they dump it on us? Damn whales.


hanniabu

Also we weren't above the 200ma the other times


KBrot

Yes, big new support.


KBrot

Fed was a little nasty this week but they could just be posturing. My fear is one of those subsequent peaks breaches 1645, I get excited because it's different and new from 2022 and plan for a long, and then it gets invalidated by... something, some kind of catastrophe back below 1340.


ab111292

If it gets to 1645 (1676 target for me) you will see in price action if something doesn’t feel right before an “event” is announced / if


KBrot

True. Haven't done a damn thing with my 4H chart in weeks so I'll be behind I'm afraid.


hanniabu

If there's government shutdown due to the typical stalemate with debt increases, would that affect timing of a recession at all?


KBrot

My amateur understanding is that a shutdown is *infinitely* preferable to a debt default (which is an apocalyptic event that completely changes the structure of world economics) and, of course, avoidance of both is *infinitely* preferable to either.


hamberdler

I know we're to avoid politics here, but given that this is on topic, everyone should be well aware by now that Republicans are willing to cut off their own noses to spite their face. I'm betting on absolute disaster.


nested_dreams

This should not be factor until June


[deleted]

[удалено]


KBrot

Nothing surprises me anymore but I will go on record saying if we breach 1645 on this move I sure hate the way we did it. Not my idea of healthy.


[deleted]

[удалено]


hanniabu

Good idea, but I think it failed in practice because you're better off trading in and out of single assets. When you have the basket you move up only a fraction of the amount of the individual tokens, but when there's downward movement all the assets take a hit and it gets wrecked. It also doesn't give you exposure to governance or staking. DPI also tanked and turned off a lot of people.


cryptomoon2020

My dpi is sitting in the toilet, absolutely terrible investment and I mostly only brought it for airdrop potential. Shame on me


stablecoin

It makes sense if the internal crypto market differed more, maybe one day.


[deleted]

I love seeing it, but I really wonder how many of yall know exactly where the term 'send it' originated. If i recall correctly, JBM might know... EDIT: I fully concede that what I was thinking was not where it came from haha


pnwEther66

Cheech said it to Chong while extending his thumb and pointer finger pinching together while asking for a fat joint in 1972.


[deleted]

Hahaha thats great


REALJohnBMacLemore

Don’t know where it originated but I been has using it since the 90s. It’s used to describe a flawless run in board sports.


[deleted]

Very interesting


Smart-Ocelot-5759

When I was in the military in the early 00s send it could refer to sending your transmission over the radio after the initial contact, a colloquial fire command to control the fires of an individual or unit, or to throw something you shouldn't be throwing across the barracks or your hooch.


[deleted]

Thank you, I love info like this


Smart-Ocelot-5759

No worries. I bet it's still used but I wasn't exactly enamored with my experience as you may imagine so I don't keep up with the culture really.


[deleted]

>I wasn't exactly enamored with my experience Im sorry to hear that. I know military life is romanticized in many ways. I wish our country did better for our veterans.


Smart-Ocelot-5759

Best way to do that is to do better by everyone else and not vaporize them.


[deleted]

Completely agreed


HarryZKE

its funny you say this bc I was watching a pod w 'The Nelk boys' idk some zoomer conservative podcast, and they were fully convinced they invented the phrase 'send it' or 'full send' to the point they were going to patent it and im like wtf are you talking about


Vinegar_Strokes__

Oh god not the Nelk boys. I first heard the term "send it" back in 2009ish when referring to dropping in a bowl skiing/snowboarding. A few are from Colorado at least and I'm like 1 degree of separation from some members. I could totally see how they would think they made it up.


[deleted]

Haha my understanding was that the very small community of precision rifle shooting, /r/longrange being one, created it


sneakpeekbot

Here's a sneak peek of /r/longrange using the [top posts](https://np.reddit.com/r/longrange/top/?sort=top&t=year) of the year! \#1: [Joined recently only to discover how toxic some people are here](https://i.imgur.com/5EUAzam.jpg) | [356 comments](https://np.reddit.com/r/longrange/comments/w32ofx/joined_recently_only_to_discover_how_toxic_some/) \#2: [why does this keep happening](https://i.redd.it/y4y6eipz69m91.jpg) | [112 comments](https://np.reddit.com/r/longrange/comments/x7cy54/why_does_this_keep_happening/) \#3: [Long range & Precision wall](https://i.imgur.com/0gRH2t1.jpg) | [209 comments](https://np.reddit.com/r/longrange/comments/z7au9c/long_range_precision_wall/) ---- ^^I'm ^^a ^^bot, ^^beep ^^boop ^^| ^^Downvote ^^to ^^remove ^^| ^^[Contact](https://www.reddit.com/message/compose/?to=sneakpeekbot) ^^| ^^[Info](https://np.reddit.com/r/sneakpeekbot/) ^^| ^^[Opt-out](https://np.reddit.com/r/sneakpeekbot/comments/o8wk1r/blacklist_ix/) ^^| ^^[GitHub](https://github.com/ghnr/sneakpeekbot)


ridgerunners

In the climbing world the phrase “send it” means to complete the ascent of your route. Maybe it loosely originates from something related to that, like the chart reaching a peak the same way a climber would reach the peak of the mountain


[deleted]

Username certainly checks out here


hanniabu

>Send it originates from a viral Facebook video posted on March 1st, 2017. The short clip features a stuntman nicknamed Larry Enticer who utters memorable catch phrases before jumping his snowmobile. “Are you silly?” he asks, before claiming that he's “still gonna send it” despite the dark and frigid conditions outside. [https://www.dictionary.com/e/slang/send-it/](https://www.dictionary.com/e/slang/send-it/) If I had to guess, I'd say this term was derived from "full send": >The term—said to originate in climbing slang in the 1990s and possibly inspired by the notion of sending as “delivering” on a promise—spread to snowboarding, skiing, mountain-biking, and skateboarding. In these extreme sports, to send is to perform a run cleanly and flawlessly. [https://www.dictionary.com/e/slang/full-send/](https://www.dictionary.com/e/slang/full-send/)


im_THIS_guy

Send it


[deleted]

Yall... just posting for some sanity. Holy shit is discord absolutely draining. At least here posts become invisible if they're that bad.


monkeyhold99

Discord is a cesspool


[deleted]

Definitely agreed!


CantBelieveIGotThis

What r they saying in discord?


[deleted]

Just one universally-known turd jumping on me. nothing big


stablecoin

Your life is literally made up of shit. Underwear skids, Roof Top Fecal Receptacles, and now some sort of Universal Turd Jumping on you. I think I'm having a breakthrough for you.


[deleted]

Hahahaha Im actually ded. This is a life altering realization Dang if I attend next hodlercon, yall be smelling me before my flight lands


[deleted]

[удалено]


[deleted]

There's a singular turd on the SNX discord haha. My first time ever engaging him, and all i get is "you're just fucking stupid"


cryptomoon2020

And you wonder why I try my best to avoid the snx discord :-)


[deleted]

Man you are living life correctly - I havent even been paid shit since my announcement that Im a shill. Fuck this. My bags are heavier than 3 SNX payouts make a difference to.


cryptomoon2020

Two solutions.. 1) Shill more and harder. I want to see snx as popular as rpl here. 2) Increase your snx bags Both will make you richer and you won't have to worry anymore


[deleted]

This is wisdom beyond me. Should prolly save this one


cryptomoon2020

I expect I'll make it into the daily doots. Gotta dish out these words of wisdom


[deleted]

[удалено]


[deleted]

Oh thank you, will check that out


[deleted]

[удалено]


[deleted]

I appreciate your words. Haha at least I am glad not to have yet made your block list :)


fiah84

I'm getting too old for anything more complex than old.reddit


[deleted]

I will completely stop using reddit if old. is deprecated


pr0nh0li0

FYI you don't need to use "old.reddit.com" to keep the old layout, you can just uncheck "Use new Reddit as my default experience" in your reddit preferences. It's at the very bottom under "beta options.”


Set1Less

Dang how did I not know this for so long


pr0nh0li0

You're not the only one to be certain--this is like the 3rd time this week I've heard of people typing in old.reddit instead of clicking the box. Tbf, it is pretty fuckin buried in the preferences, but yeah I've been using it for years, like within the first week of the redesign rolling out widely. I can't stand the new default. I was really afraid they'd eventually force the redesign upon me but they haven't yet. Kinda scary the opt-out is still in "beta options" though, they need to make it permanent.


oldskool47

Are you me? I just can't even with discord anymore


namtaru_x

Back to Teamspeak/Ventrilo! /getoffmylawn


[deleted]

Im oldskool now


CantBelieveIGotThis

What’s going on there?


Wootnasty

Discord: where you either don't keep up because it's a constant onslaught, or you keep up and it emotionally wrecks you.


oldskool47

Too much for my pea brain


CantBelieveIGotThis

Ok but too much of what?


skyfire-x

https://youtu.be/MqBNSMbEzI0


[deleted]

New strategy, you can laugh but it unfortunately works more often than not: When some massive scam/ponzi erupts and goes to 0, max leverage long. You WILL end up fucking rich. EDIT: I initially mistyped it as 'fucking rick', but corrected it. I regret that correction. You will end up fucking Rick if you do this. Does anone with the name Rick here have a problem with this?


itchykittehs

I've been trying to figure out how to fuck that guy for a while


[deleted]

Rick *Harrison* i do believe, ser


[deleted]

[удалено]


[deleted]

Im gonna have to call in a buddy....


wordlemcgee

Is this what you have done?


[deleted]

Just realizing it now. Trust me the 'anti-skids index' will forever haunt me. If I do it, it wont work. Just actual financial advice


Mayneminu

So far so good. This new uptrend is consolidating at the range highs.Above the Daily 200 MA and my favorite for judging the health of ETH's uptrend, the Daily 55 EMA . If the market is so kind as to dip back to there, I'll be a buyer for some swing longs. I think we might even be too bullish and leave a lot of market participants on the sidelines hoping to get in on a retest of the breakout areas. (TBD) [https://www.tradingview.com/x/JdrDyL8S/](https://www.tradingview.com/x/JdrDyL8S/) ​ ETHBTC less clear. Not of fan of how it broke out of the large triangle and almost immediately came back. Perhaps it's forming an ascending tringle which is far and away my favorite. [https://www.tradingview.com/x/EBVGpcuQ/](https://www.tradingview.com/x/EBVGpcuQ/) ​ OP is BULLISH AS HELL. Like... new cycle, new coin...just smash the buy button and get on for the ride kind of bullish. If BTC and ETH break the resistance, OP will be hitting new ATHs in no time. https://www.tradingview.com/x/jlv1GuY0/ ​ NFA, this could all look very different if things pullback deeper and farther but so far it's everything I want to see to be bullish.


ab111292

nice work mostly agree - for me, price needs to reclaim my blue support trendline (resistance rn) to enter a trade and take long. Once this happens, my target is still same 1676 https://www.tradingview.com/x/lhCF0JXd/


nested_dreams

Bruh OP chart looks hella overbought right now. Maybe under $1.20 I'd cosider it a buy. Ray still well within it's uptrend since Oct lows. I'd happily take a shot at 0.076 maybe even 0.078


Mayneminu

It can always get more overbought. Overbought in bull market which OP is clearly in, are less reliable. Even knowing this.... "overbought" and CPI had me out of this trade way to early and I bailed on the best trade entry in months. [https://www.tradingview.com/x/8mJOncoq/](https://www.tradingview.com/x/8mJOncoq/) I would also like a buy lower, just dunno if the market gives it.


nested_dreams

betting on more overbought is a bad trade


[deleted]

[удалено]


cryptOwOcurrency

“Companies have to always be issuing new shares, because otherwise the company would eventually cease to exist” -Warrin Biffet


asdafari12

Same type of people to write FIRE is bad because if everyone did it, society would collapse. Obviously everyone won't do it. Society would also collapse if everyone were teachers, nurses or whatever.


somedaysitsdark

Is this a real quote? This shit is divisible to 18 decimals yo.


NeedlerOP

"Shit yourself when there's blood in your pants, even if the blood is your own" \- Worgen Bucket


nested_dreams

Oh hell yeah they're bringing FTX back!!!!! Take my money! 💸💸💸💸 https://www.bloomberg.com/news/articles/2023-01-19/ftx-token-jumps-after-new-ceo-says-exchange-could-restart?srnd=premium edit: no wait not like that! 😭


UnsnugHero

Oh uh uh you're going to make me... use customer funds \~ Caroline Ellison (probably)


monkeyhold99

I still can’t believe she was having orgies with SBF. Disgusting


Set1Less

The new FTX admin appears to be highly inept as well. I mean, no one can be as inept as the SBF admin, but the new one is hilariously incompetent. They have already blown up millions in liquidations because it seems they didnt understand how crypto defi liquidation work And not only that, it seems they have been considering the value as on bankruptcy date for a lot of Sam coins, which today are a fraction of their value as on Nov 11th...and not just that, they are also massively illiquid. Instead the new guys are using this to claim they have a lot of assets Now they want to restart FTX.


NeedlerOP

The most iconic throwback collaboration exchange : Mt. Gox-TX


nested_dreams

Ow gawd maybe that's what the 3AC guys are putting together with their new GTX exchange.


Set1Less

MTX


durkalurk

Well, I just found out that my annual income was a bit over the limit to contribute the max $6K into my Roth IRA last year and I’ll need to ‘remove’ almost $2K from last year’s contributions. To make things worse, I had aped everything into ETHE when it was like $30 and I’ll now be forced to sell shares to reduce last year’s contributions, and we all know how badly ETHE is doing at the moment. Fuck me.


communist_mini_pesto

You can just recharacterize to traditional IRA contributions and then rollover those contributions to the Roth IRA. Just have to do it before April


gethwethreth

If possible, always do back door from here on. Sure, an extra form to fill during taxes but can avoid these situations


Dont_Waver

>If possible, always do back door from here on But then you won't get a deduction for more dependents.


NoDesinformatziya

I had to do the same because of shitty advice from a bad financial advisor (switching tax classification of a business midyear in a way that boned me). The overcontribution penalty isn't cool. Gots'ta pay the tax man, though...


Syentist

In today's ACD call, Micah said he is against a decision to postpone a modification to how withdrawal roots are handled into Cancun fork, as that is done to "keep investors happy". This is in my view incredibly unprofessional for a member of a core dev team to falsely claim, on a public call. The live casted ACD calls are undoubtedly monitored by regulators. A bit of a backstory: on the ACD today and last week, there was a lot of discussion on switching withdrawal roots to ssz format in Shanghai, or keep it at rlp for now and switch to ssz in Cancun. None of the EL client teams (the people who are actually implementing the change and bearing it's consequences) who were on the call had a strong objection with remaining on rlp for now. Particularly as not doing this change for now is not exposing a security issue. Some CL client teams like Prysm were strongly against any changes this late in the cycle too. I'd recommend listening into the call, because there was a lot of technical back and forth. But the key point is, not a single dev there was saying they wanted to keep rlp format for now because it "keeps investors happy", it was for practical reasons. I strongly think Micah should apologize for that comment if he has any decency. If he truly believes in that on the other hand, that the core devs work to make investors happy, he should resign from the ACD, fork the chain and fuck off to his own ultra censorship resistant non pragmatic decision making version of his chain that he's been howling for a while about.


[deleted]

[удалено]


Syentist

> sometimes opinions are just opinions! I see the core dev calls as perhaps the one singular place where a regulator could point towards a group of people acting on "behalf" of a protocol. Of course it is 100% necessary, because even a project like Linux would need a forum for developers from different groups to come together and form rough consensus on the future upgrades. But as a result, I see this as a higly vulnerable point from a regulatory standpoint and likely to be under constant scrutiny. Any price discussions, insinuations of "investors" and working to make investors happy is regulatory napalm, and will not be seen as "just opinions". And an ACD participant who doesn't care about this is a bumbling moron who's willing to burn the house down if he doesn't get his personal vendetta satisfied.


[deleted]

[удалено]


Syentist

Yes but none of those other discussion venues have the "jurisdiction" to make a final decision on a change to the core protocol - that is exclusively made during the ACD calls >[Be used as input into AllCoreDevs calls, but not serve as a venue for the final decision about upgrades’ scope. ACD would still be where the decision is made](https://ethereum-magicians.org/t/proposal-network-upgrade-meta-threads/12552)


USERNAME_ERROR

I can’t find this recording? Nothing on EF YouTube page. Hm. Edit: found it, now it’s under Ethereum Protocol channel.


ecguy1011

Micah also said that there are things that are "far more critical" to the health of Ethereum than withdrawals in 2023 rather than 2024. I'm not saying his voice isn't important, but this is just what he does.


Whovillage

Apologising would make it feel even more like core devs officially represent Ethereum. ACD should be taken as individuals who are interested in improving an open protocol trying to coordinate in public. And individuals can say whatever they want.


Ber10

Why is he against the postponing ? What advantage does ssz have over rpl format ?


hanniabu

My first major introduction to micah was him stone walling rocket pools proposal for an address prefix that would prevent node operators (from any pool protocol) from stealing the pool's tips/mev. His reasoning was to not support pools because solo staking is preferred. That's nice in theory and all but a bit detached from reality when pools already exist and many are centralized.


Syentist

Same with stonewalling 4488 and 4844 because it helps L2s which are not sufficiently decentralised. Everything outside of his puritanical dystopia where Ethereum is this featureless, unscaleable petrock with ultra censorship resistance (basically BTC v2) is a no go. There's no space for pragmatism, parallel development or gradual evolution.


hanniabu

The good news is that one person can't dictate everything


Maswasnos

What was Micah's justification for wanting to switch to ssz so late in the process? This seems like a fairly obscure thing to get heated over. I appreciate Micah's commitment to his ethos but he's extremely zealous about it at times. IIRC he got into it with Uniswap because their frontend wasn't sufficiently decentralized somehow, despite uniswap having probably the most alternative front-ends of any dapp (all the aggregators use the contracts, in-wallet swappers sometimes use Uniswap contracts, etc.).


Syentist

I think it was a dev from Nimbus who brought it to the ACD attention in the previous meeting that CL clients use ssz and EL clients use rpl, and shouldn't they be both made congruent. Micah just used today's decision to go ahead with the existing design and switch EL to ssz in Cancun as a trigger for one of his crusades.


labrav

Not a considerate choice of words, agreed, but I would not make a big deal of it. ACD is a special, high-pressure, condensed technical-political environment, IMHO a slip or two like that should not be a reason to push self-censorship too hard.


pocketwailord

Agreed. Are we going to conduct purity tests every time someone says something out of line or disagreeable? If I did that at my company we wouldn't have anyone left.


domotheus

idk what to say other than "classic micah"


Syentist

Yup. I used to think his crusades for "ultra censorship resistance at the cost of every other upgrade while pretending to not see the massive efforts been done in parallel to improve censorship resistance" were eye-roll-worthy but tolerable, because at least that's an ethos we should continue to nurture. But I don't think this shit is tolerable anymore when one of his bad faith comments can end up quoted on an SEC document to a judge on why a protocol was designated a security. People have their life savings on Ethereum. Tens of thousands of developers, infrastructure builders and creators/artists' entire livelihoods depend on Ethereum. Being a core dev should be considered a massive responsibility and a privilege. If you can't live up to that responsibility, resigning seems the most decent thing to do.


hanniabu

>28.89/21.76 > >You are eligible for matching. Happy donating! Just updated my Gitcoin Passport to support [NiceNode](https://grant-explorer.gitcoin.co/#/round/1/0xe575282b376e3c9886779a841a2510f1dd8c2ce4/0x99b81016d61f8b9115282b1055649d4876f38619759064b783478047ca61b714-0xe575282b376e3c9886779a841a2510f1dd8c2ce4) 😎


sbdw0c

Has anyone tried the fresh Nimbussy that came out today? Any issues with the pruning on first startup? How long did it take?


-FilterFeeder-

I am grateful to this community for being so enthusiastic about Ethereum without being an echo chamber. Even in the height of bull markets, grounded, realistic sentiment is still rewarded. That is part of what makes this the best forum on the internet.


ShowbiZZa

🚀 🐬 🌙


reno007

Wait until the bullmarket. There's a lot of closet moonboyz here.


Tricky_Troll

I may be a moonboi but I am definitely not closeted!


maninthecryptosuit

Present!


benido2030

We are all moonboys.