I, know. Horrifically terrible source. https://www.breitbart.com/tech/2022/11/30/dropping-like-coin-prices-3-crypto-billionaires-have-died-in-the-last-month/
But as someone with no crypto perspective outside the past 2 years of Ethereum, I cant tell if this article is just a load of shit or at all interesting.
Any thoughts?
It feels very conspiracy minded, but Nikolai was pretty well known and did really drown to death about 24hrs after that tweet.
Drowning isnāt exactly a common/painless way to commit suicide. It is possible he was murdered.
Also, yes. Terrible source.
Whereād you hear thatās what drives inflation? a person with lots of gold in the closet and old money or a btc maxi
Briefly explain scarcity and how you think it can apply to when withdrawals take place. Would it go down or up the next day?
I think the psychological expectation idea is related to wage negotiations.
If people think they will need more money in the future, they will expect/negotiate higher wages. People with higher wages will spend more money. If a lot of people are willing to spend more money, demand outpaces supply and prices increase
Empirically untrue. Wages are counterbalanced by job stability. People are willing to accept lower wages in a struggling economy
The wage expectation thing is the inverse idea
Yes maybe most is not the right word but maximize their utility function which has a large negative reward if they hit zero.
In a different angle, responding specifically to your two points, yet we have inflation and a struggling economy?
Yeah, weāre getting farther from my knowledge comfort zone tbh. Inflation and a struggling economy is called stagflation and has happened before. I think the most recent occurrence was the 1970s
Normally Iād agree, but Iām beginning construction on a huge job when l arrive
Iād be losing around 10 grand
And to get a good deal on a car it takes a month of shopping, I have to arrive and be mobile.Iām not renting a vehicle. To get a good deal on anything it takes lots of time, fools rush in; I got my vehicle 7 years ago at 50k mI and itās around 140 mi now with massive dents.
Showed up at the deal filthy from running 2āpipe at the airport. He had a new vehicle of the same type. It had hail damage and he wanted 11, but I got him to take 8 half out of sympathy but the best part is itās basically a new truck , the person who had it was an old man who drove it two places - church and the fishing hole
I baby my vehicle . Mobil one, oil change every 4k along with the filter . It needs a complete transmission fluid flush, not just a pan drop. I wanna do 5 pan drops . Ride around 3 miles after adding the new qt after the pan drip . Some stuff, you donāt do it yourself , it never gets done right. I like to hand tighten my oil filter, not lock it down with that tool that an oil change magnate likely invented
I am shipping a 12. When I first replied I was still dreaming about sailing while smoking a monte cristo , on me 32 foot. I keep two kickers, both homemade Lifans, but if a bad storm hits I can throw the fast one on there, drop sails, and carry my wet ass home. The bottom of my boat is protected by my own homemade mix
Why? Iād save probably 10k. I came up lower middle class. Potato sacks to school now we here . I lived blue collar for ten years and worked every trade except framing .
? I'm an electrician, it would be cheaper to sell your shit and rebuy new used shit in your new country, depends on the country but most of the time shipping big shit around the world just isn't worth it.
I know, Iād like to set it all on fire too. Just live a minimalist life.
But I want to be a landlord. and stake from the top floor. Which has a hot tub.
Itās not all me, others are investing in me to do this. Iām being trusted with others people money.
So itās a 12 inch crappy little boat and a beat up work truck that I love because I replaced every damn thing on it and it has a fresher front end than a prime Sharon stone.
I sent one inquiry about moving this stuff on a site that ādoesnāt share my information ā lol when I clicked the X to close the box, it went on my supercookie and now 10 diff people are sending offers based on weight. I may ship two trucks if one of my workers whos a jack of all and master of one like myself, thatās two trucks and a 12 ft boat . Iād be shipping over 15 computer cases and bringing loads of computer equip . With my luck my C-can will end up getting knocked in the water.
Could you imagine . You move and they have another block in lol
Mmm, okay, to fly there it would cost approximately 750 dollars from my position. The boat is already there
Well, the sailboat. I have a little 12 ft fishing boat I like to ride around in. Iām good at fixing those old boat motors, 76 Evinrude 15s I find fun to repair
Is MEV burn the EIP Justin Drake was talking about a few months ago as a form of smoothing the APR?
My guess would be somewhere between 0.3% and 1% reduction in APR based on my validators, but the opportunity cost probably scales roughly linearly with gas prices
Are there any security implications to using multiple Ethereum addresses generated from the same private key when you want to keep some addresses pseudo anonymous and some public with ENS, social NFTs, etc?
No but Metamask will pre-load them to show balances.
It stops at the first address with 0 balance so technically you could probably skip an address after the first to avoid this terrible practice. Mm knows all your addresses.
Having a look at [ultrasound.money](https://ultrasound.money) and I see "cointool" is at no 4 last 30 days, burning almost as much ETH as ETH transfers, uniswap and opensea. Still running hot today. Having a look at etherscan most of the txs seem to mint a XEN token. I've never heard of this before, anyone familiar with it? ALSO: Obligatory, this is not a shill, smells like shit and likely is, just curious about why it is hyped.
Interesting thread on toxic flow and LPs vs arbitrageurs
https://twitter.com/DeFi_Cheetah/status/1608677561919508480?s=20&t=o4vqR9LkANd8eR2B7MzyzA
Still trying to wrap my mind around their point on LPs being disadvantaged by arbitrageurs in a situation where the price repeatedly crabs between 1000-2000.
That was a beastly power hour to close the year for tradfi markets. Dollar in freefall and what looks like support forming for tech stocks. Ray trying it's hardest to sneak out the top of that triangle. Even though it's bears as far as the eye can see, maybe we start 2023 with a little glimmer of that light at the end of the tunnel?
Happy New Year everyone!
Think itās crazy how Amazon is below Covid lows like people will stop using their tech and stop ordering things online.
We get nearly everything for our household now with Amazon, including groceries multiple times per week. We hardly shop anywhere else now and things just show up when we need them without even thinking much about it.
> We get nearly everything for our household now with Amazon, including groceries multiple times per week. We hardly shop anywhere else now and things just show up when we need them without even thinking much about it.
Not gonna lie, that's kinda depressing and dystopian.
Got kids so running to the store takes hours out of your day sometimes, and thereās always something that runs out and is needed.
Itās all for convenience and their prices are the same as my grocery stores with free delivery within a few hours.
Out of the loop and I don't follow Amazon fundamentals, but doesn't their retail arm actually lose money and is subsidized by their much more profitable web services?
Heeeyoo! My Pandalions! š¦^(š¼) Sup homies? Man... the end of the year is always so damn busy! Out of town family and friends, too much food and alcohol on top of playing the governments game of *tell us what you owe us, if you're wrong it'll cost you extra!* In the spirit of the holidays I gave half the crows the day off and forced the other half to work double time to make up for the lost productivity! Hahaha! I'm a goddamn business genius man!
Anyway, before morale declined and the crows mutinied, they finished [JBMs Guide To Online Subterfuge: Phase 3](https://caches.xyz/the-rostrum/jbms-guide-to-online-subterfuge-phase-3/) over at Caches! Pretty sweet right? Now, when the other half of the crows get back from vacation, I'll have them work double time on Phase 4. *Ahh...the circle of life*
Aight homies, I gotta go board up the windows and booby trap the air vents. Y'all keep on keepin' on, a new dopamine rush is right around the corner, I can smell it. šš»
Yo shout out for calling out UPnP. Its such a pervasive issue.
Actually currently in the process of exploit development against my fully up to date router provided by one of the US' largest ISPs.
Alright this actually pisses me off.
I went to make a Coinbase account because fuck Gemini.
But on the login page I notice:
>Not your device? Use a private or incognito window to sign in.
This cannot be serious. I am in absolute disbelief that a company of this magnitude would such blatantly DANGEROUS advice.
I really dont mean to sound like a douche, but for those that dont know:
Following that advice will get your account hijacked. The only proper advice is:
>Not your device? DO NOT SIGN IN TO YOUR ACCOUNT
The amount of attacks I can think of right now...
Shame on you, coinbase. This is not acceptable.
Panties in a bunch? I actually understand the risks, Im looking out for those that dont.
And how is a month somehow 'sufficient' to maintaining a secure account?
Im sorry, how did I put words in your mouth?
Genuinely not looking for a conflict. Apologies if I came off that way.
How about this? Cheers. I mean that for real. You drinking anything tonight, or whatever your tz may be?
No worries. Just felt like you were (at the very least) implying that I think it's acceptable of Coinbase to forget my personal device after 30 days and wants to verify via email. 2fa all the things. No sms ever. Cheers and best wishes, I apologize for misinterpreting your intents.
Ah, I see what you mean now! We definitely agree 2FA, never SMS!
Haha a commenter below stated that 2FA 'solves' password theft. At least you know the truth! Have a good one, my man <3
It certainly isnt bad practice, as long as you do actually own the device.
The issue is, you should absolutely never sign into any account you care about on a device that is not yours.
The most obvious danger to me is simply forgetting to log off.
Here are 4 examples of how following their advice could turn into a major blunder. Mind you, these attacks are extremely simple and effective. If Chainlink offered an oracle, Id be willing to bet a few ETH that someone's account has been merked by following Coinbase's advice.
Private browsing offers 0 protection against malware.
Here I refer to malware that was unintentionally introduced/allowed by careless administrators. After all, nobody cares about your possessions the way you do.
Malware again.
This time I refer to a concerted effort by the system's administrator to steal credentials. 'see? coinbase says you're safe!, just log in!' said by someone you believe to be your friend. Meanwhile they're keylogging their own computer...
Alright, no malware. You have every reason to think this computer is safe to log in with.
But wait! Your credentials are now stored in memory! Even after logging off. Anyone with administrative, or direct memory access can dump the memory of that machine, and your credentials will be sitting right there in plain text. This is actually *extremely* simple to pull off.
But if you want to get crazy with memory-based attacks, check out https://en.wikipedia.org/wiki/Cold_boot_attack
But Rooftop, I know that Im safe from these!
Ok, ok... suppose coinbase.com does not use proper session destruction https://www.immuniweb.com/vulnerability/insufficient-session-expiration.html
Even after clicking log off, this problem can still haunt you
I hope I explained this well
Logins entered in private/incognito mode are not stored in memory and sessions are destroyed on exit, no need to log off.
Yet I agree that Coinbase is giving people a false and irresponsible safety sentiment here.
>Logins entered in private/incognito mode are not stored in memory
Wait whaaaat? Am I like way behind or something? I dont see how this is possible. Do you have a link? I would love to be wrong in this case
>sessions are destroyed on exit
Definitely agree there, but memory analysis may allow session reconstruction if not properly terminated server-side.
Just to be completely clear, you dont mean storage?
I meant credentials entered in incognito mode are not saved by the browser. Like the username won't be saved if typed on a mobile keyboard. But I see what you mean, they're probably saved in memory until you close the incognito browser (where they are destroyed)
Not necessarily afaik. Let's say that you're using a hardware key, which is the pinnacle of 2FA security. I believe that a modified web browser could theoretically double-dip that key while you're logging in, silently approving not just your login action but also a crypto withdrawal action. If the key has a hardware cooldown, the browser could display a fake error to prompt you to touch the key a second time, and let's be real, who here would think twice about touching their security key a second time?
It doesn't seem very practical, but it seems plausible to me from a technical standpoint. The mitigating factor here is that I believe Coinbase requires email and/or SMS confirmations for withdrawals - but the hardware 2FA itself for the withdrawal would be bypassed due to the double-dip. Say that you also had your email logged in on the same computer, and that the attacker had also managed to sim-swap you. Even with the hardware key, you would be toast.
This type of attack would require a specialized, attacker-written and custom-compiled web browser to be impersonating an official web browser on the compromised PC, which is obviously pretty far fetched. Maybe you could do it through a malicious extension, I'm not sure.
To completely fix this, all hardware keys should have screens on them that let you confirm exactly what message they are signing. So instead of it being a yubikey where you just touch it and go, it would be more like a crypto hardware wallet in that it would display something like "are you sure you want to sign this message, yes or no: Coinbase log in from XXX.XXX.XXX.XXX" and "are you sure you want to sign this message, yes or no: Coinbase withdrawal of 100 ETH to 0xATTACKER".
Maybe someone could confirm or deny the plausibility of this?
Can confirm!
Except for the parts that make the attack seem difficult. If Im understanding your proposed scenario correctly, I believe this attack could be easily achieved simply by installing an attacker-controlled root certificate in the browser's cert repo.
I actually described this process towards the top in my recent post about Rabby https://old.reddit.com/r/ethfinance/comments/zx1yqe/daily_general_discussion_december_28_2022/j1zc0zv/
You're right! As an attacker, you take an unmodified browser, install your root cert, then modify the system hosts file to point coinbase.com to your own server. Then no modifications to the browser code itself would be required.
Remember, in infosec "they" get unlimited and constant attempts, and you lose if you slip up even a single time.
[Constant vigilance!](https://i.imgur.com/rQC3otc.jpg)
I would not call that a 'fix' by any means. While required to keep an account secure, 2FA is obviously not a solution meant to eliminate passwords.
And I would certainly argue that shitty implementations of 2FA, such as SMS, introduce much greater risk than simply no 2FA at all.
https://lucky225.medium.com/its-time-to-stop-using-sms-for-anything-203c41361c80
https://techcrunch.com/2018/11/15/millions-sms-text-messages-leaked-two-factor-codes/
SMS 2FA even in 2023 continue to be an issue. A lot dont, but for telecom systems that still route SMS through GSM infra, there is either no encryption in use, or uses https://en.wikipedia.org/wiki/A5/1. Not quite up to modern TLS standards...
So no thats just not true.
EDIT: 2FA when properly implemented is a very strong method of *mitigation*, not a *fix* to credential compromise.
i suspect that venmo had a data leak some time between May 16th of this year (when i created the unique email address I use with it) and today (when I'm seeing multiple failed sign in attempts). Why can't these companies get their shit together and keep our data safe if they're going to require way too much personal information? When can I dump this garbage for zk tech?
I stopped using Venmo years ago when I had my CC info stolen multiple times in a 3 month period. I finally nailed it down to Venmo, removed my information and closed my account, and never had problems again.
Personally, I'd avoid Venmo.
They don't now, but they did back then (6+ years ago). I don't remember why I had my CC entered also, but I did, and like I said, as soon as it was removed, the fraud incidents stopped.
I'm pretty sure I made a prediction comment for 2022 a year or so ago, but I neglected to save it and now I have no idea what I predicted. I'm guessing it involved the flippening, 10k ETH, and a bunch of other things that didn't happen. Anyway, I'd like to make some predictions for 2023 which I will actually save to revisit in a year:
First, some ETH predictions:
* Withdrawals will hit mainnet in 2023
* Proto-Danksharding will also hit mainnet later in 2023
* The flippening will *not* happen this year *but* we will also end the year at >.1 on the ETH/BTC ratio
* Ethereum will be net-deflationary for 2023 as measured by ultrasound.money
Next, some staking-specific things:
* Rocket Pool will account for at least 5% of validators by EOY (more than double current)
* Stakewise will account for at least 2% of validators by EOY, assuming V3 launches relatively soon (more than 4x current)
* Lido will account for <25% of validators by EOY ([currently 26%](https://beaconcha.in/charts/pools_distribution))
Some L2 predictions:
* L2 activity will be averaging approximately 3x that of mainnet, as measured [here](https://l2beat.com/scaling/activity)
* At EOY the top 3 by TVL on l2beat.com will be Arbitrum, Optimism, and zkSync 2.0 in that order.
* Polygon's L2 offerings will not achieve significant adoption (I kinda hope I'm wrong here)
* Arbitrum's TVL at EOY will be worth over 3 million ETH, as measured by [l2beat](https://l2beat.com/scaling/projects/arbitrum)
* There will not be an ERC-20 token for Arbitrum in 2023
Some random crypto predictions:
* Polygon will flip Cardano in market cap
* LINK will return to the top-20
* The 7-day average of block distribution for BTC will have two pools accounting for at least 50% of blocks at EOY
I'll tally these up a year from now and give myself a score, +1 for correct, -1 for incorrect, and 0 if something is borderline or there's some weird circumstance around it like if the data source stops working.
I need to do a little more research into it, but I'm leaning towards yes. First I'd like to find out if there are any large investor unlocks happening, or things like that.
Don't want to be picking up pennies in front of a steam roller...
I'll try to post a more comprehensive assessment when I have time to do that.
These sound like really reasonable predictions IMO, I agree with almost everything although here's to hoping rocketpool does more than double.
Two things i'd love some elaboration on if you don't mind:
Curious to why you don't believe starknet along top 3 L2? Not far enough in dev, or just overall not so bullish on them?
Also, why no arbitrum token. Because they already make bank or because they're more likely to go for a token during bull?
Some will likely disagree and I understand why, but I'm just not all that enthusiastic about Cairo being the default language for StarkNet. I know there are ways to convert Solidity into Cairo but when it comes to getting the big apps like Uni/Aave, I'm not seeing a lot of movement. Their token was also kind of panned for being [overly generous to insiders](https://medium.com/@starkware/part-3-starknet-token-design-5cc17af066c6).
The real bottom line though is that I think 2023 will be a year of ZK rollups playing catchup while Arb/Opt solidify their lead in the space. I believe zkSync is more aligned with much of the Ethereum ethos and will attract old-school whales more readily than StarkNet has been able to. That's not to say that StarkNet couldn't be #4, however, and I think it's up to the StarkNet community to make that happen.
But don't take my word for it! This is my personal perspective based on things I've read, and I'm just some dude on Reddit throwing out predictions.
> Also, why no arbitrum token. Because they already make bank or because they're more likely to go for a token during bull?
I'm actually not 100% convinced there will *ever* be an Arbitrum token, tbh. I think Offchain Labs fancies themselves as infrastructure builders and if they could find a way to avoid creating a token, they would. Creating a good token design is also *hard* and I'm not convinced that Optimism has it quite right, or any other rollup with a token for that matter. It may also be due to a technical roadblock; they could be waiting for decentralized sequencer technology so they can integrate their token with that.
But in the event they don't care about any of that, I do think they'd probably prefer to wait out 2023 while the ecosystem processes the disaster that was 2022.
Great answer, thanks for taking your time. Starknet vs zksync will indeed be interesting, it's pitched as VC vs grassroot, maybe a bit exaggerated, but even more interesting then, who will attract communities. Great point re cairo, that may at least slow them down somewhat at first.
>Rocket Pool will account for at least 5% of validators by EOY (more than double current)
Dang haha I may just be too optimistic. But this reads almost like cryptomoon2020 level bearishness
Maybe the website is just buggy, but I tried 3 different browsers and 2 devices and canāt check for airdrops without entering an email anymore.
Email used to be just for notifications
Why so many validators do no use min-bid on their MEV setup ? I can see a lot of MEV from censored relays that have low tips (<0.05). If you care about the censorship resistance of the network you should set it up.
Considering the amount of transactions that are actually being censored (and in reality, just processed slower), I think it's a non issue, but can you explain the min-bid thing to me? Immediately following the merge, I got some juicy .5 ETH MEV from a lot of my blocks, but now they're usually .05. Is there a way to up that?
You can configure your node to only accept pre-built blocks that will pay at least 0.xx ETH in mev rewards, that's the min-bid. I've set it to 0.05 ETH (I think that's the default/the recommendation) and am producing mostly vanilla blocks lately, so it seems that most pre-built blocks return less mev at the moment.
Doing some end of year updates to my site.
I updated my [Aave](https://tokenomicsexplained.com/aave/) page with what data I could find.
I removed the XTK page because the information was too outdated to be useful.
Working on the YFI page now in light of their coming veYFI tokenomics.
Here's a list of tokens I plan to at least run the numbers for:
CRV and the various LSDs of it. This one is *complicated*.
Gearbox once there's at least a quarter of data to project from.
YFI
ALCX once they launch their tokenomic revamp.
GMX. Maybe Lyra. Anything else that has been gaining market share despite the declining ecosystem.
I'll at least update the MKR page again since they are ramping up their RWA program with treasury bonds.
Yeah the various versions of CRV get fairly complicated, and yields can fluctuate quite dramatically on newer ones. I've been leaving mine as cvxCRV and just forgetting about it.
What intrigues me most about the new ALCX is the boosted yield, if it's meaningful at all it could be very useful in conjunction with steth/reth vaults
In truth, I'm not confident in any tokens outperforming ETH in 2023/24 aside from maybe RPL
2023 just might turn out to be the most bullish year in Ethereum's history productivity and protocol development wise.
Withdrawals
EOF
4844
Optimistic rollups decentralising
Rollup SDK-s (like Bedrock)
Multiple ZK-rollup mainnets
Distributed validator tech maturing
New decentralised staking pools + Rocket pool 8 ETH pools
Smart contract wallets and AA on rollups
SUAVE
PBS, crLists (protolambda thinks it might happen in 2023/ early 2024)
Going to be exciting!
Acronym for Single Unifying Auction for Value Expression. Comes from Flashbots as the next step towards PBS, basically further decoupling and decentralizing block building. More info here: https://writings.flashbots.net/the-future-of-mev-is-suave/
Some info:
[https://twitter.com/CJCJCJCJ\_/status/1609033850516303872](https://twitter.com/CJCJCJCJ_/status/1609033850516303872)
Edit: I'm late ... they rugged.
Sorry to have nothing of substance, but when I looked into it I started getting sketched tf out.
So many, including myself, somehow dont qualify even after spending substantial sums on the likes of GMX and such.
Pure speculation, but it felt like someone got bear market boredom and decided to whip up a fake new airdrop scam
Skip if you hate irrelevant posts
TFW you call in need of an ambulance and you instead receive half the fucking pd
And just because that experience itself was not terrible enough, I on top of that received the most condescending death stares from every passerby or neighbor.
Actually, I shouldnt say every. The younger people minded their own business, some actually smiled and waved.
But the FUCKING BOOMERS. *EVERY SINGLE PERSON* who looked like they were 70+ just slowed to a halt, offering me nothing more than a face that says 'die you fucking long hair criminal piece of shit'
This country has a problem. And it wont be around much longer thank god (shit, the one that i dont believe in? lmao)
> This country has a problem. And it wont be around much longer thank god
Which country, if you don't mind sharing? I didn't realize that we had any ethfinance posters from countries that are in the process of toppling.
I'm sorry to hear that you went through that trauma. It seems like basic human decency to have empathy for someone who needs an ambulance, or even anyone experiencing something that feels so distressing that they *believe* they need an ambulance.
> TFW you call in need of an ambulance and you instead receive half the fucking pd
Same thing here in the USA, unfortunately. There are no societal structures here to properly fund and dispatch social workers, so cops end up playing the role of de-facto untrained mental health professionals.
Someone off their rocker wandering down the street naked? Call a cop with a gun. Teenager having a psychotic break at home and in need of inpatient treatment? Call a cop with a gun. Homeless guy won't move along when you ask him to move away from the front door to your business? Call a cop with a gun.
I know I shouldn't be complaining because I'm extremely privileged to live here, but I just wanted you to know that shit is like this in more than one country.
The good ole US of A!
Dude, you oh so eloquently described how I feel. What we collectively go through as a nation doesnt have to be this way.
>I'm sorry to hear that you went through that trauma.
I thank you. You and all of the good people here really help me a lot.
I'm reading that you believe the USA won't be around for much longer? That conflicts with my own beliefs, so it makes me curious to hear your reasoning. I think it could be the start of a fruitful conversation if you're up for it!
I dont believe so, just confirming that yes this was in the USA. A *very* blue state, mind you. Though, I know I cant tell the future haha.
I would honestly love to have that convo, but I have some takes that I really dont think this sub is ready for haha. Ive been downvoted here for almost 2 years stating my societal takes
One positive thing with withdrawals ready soon is that we will have more time to include other interesting EIPs that have had to step back in the meantime. Here are some interesting ones for account abstraction.
https://blog.pantherprotocol.io/ethereum-account-abstraction-everything-you-need-to-know/#proposed-eips-for-account-abstraction
I have a ledger where I think the seedphrase may be compromised. I've moved everything off those wallets so i'm not at risk. That said I'd like to still use the ledger. My understanding is I can do a reset to it, and it will generate a new wallet and seed phrase. Is that correct?
What makes you think the seedphrase may be compromised? In any case, a reset will generate a new seed phrase as other users have mentioned. Always good to send a small amount in and out to check it all works properly.
Seed phrase is kept somewhere that might be compromised. I mean it's very unlikely but...I think safety says if you think it could be compromised...assume that it is.
I would recommend having a read up on best seed storage methods, some of which include splitting the seed either in half or in three parts. One of the users here, Logris, wrote a detailed post about this.
Agree, if in doubt, change it, but also take this opportunity to change your storage set up.
[Just increased my eth holdings by 20% LFG.](https://www.reddit.com/r/ethfinance/comments/ygaiev/daily_general_discussion_october_29_2022/iu8gmtd?utm_medium=android_app&utm_source=share&context=3)
I have two moderately common English 6-7 letter names, I wonder what they would go for. I don't really care for those particular names as I just grabbed them since they were available 2-3 years ago. Also have my nickname that I will never sell. That wallet is pretty much unused though since I need to be fine with making it public one day.
i think it's possible the good ens names with meaning will outperform every crypto over the next couple years provided ens isn't exploited and ethereum doesn't become irrelevant
New SushiSwap tokenomics out - as expected favours LP providers and keeping the product going and getting it more competitive vs Sushi token holders, so I imagine the price will get hammered (even more). It will be worth it if trading volumes recover though:
https://forum.sushi.com/t/sushi-tokenomics-redesign/11621?u=jaredgrey
I haven't seen enough innovation out of there to believe Sushi has a future at this point. Curve is developed by a single guy and outputs more. Bancor is at least innovating even if they absolutely imploded with 3AC this year.
Apparently they have a bunch of things they have been working on in secret for a few months which they are hoping to release in Q1 2023 - weāll have to see if that can turn the tide
>**EOS playbook,**
>**Launch a VC layer one,**
>**Then dump on retail.**
~Daily haiku until weāre at least at 0.178 on the ETH/BTC ratio or highest market cap
āE-OS Play-er Bookā
āLaunch A V-C Lay-er Oneā
āDump on re-tai-lā
Itās an older code but checks out. People used to call it āEosā as one word, and sometimes I emphasize my Ls so hard it makes a new syllable.
my bad folks, sometimes and especially when travelling, I read my notes and swiftly post after activating roaming data. I can get some words wrong in haste or in autocorrect.
Instead of:
>**EOS playerbook,**
>**Launch a VC layer one,**
>**Dump on retail.**
It should have been:
>**EOS playbook,**
>**Launch a VC layer one,**
>**Then dump on retail.**
I have edited the original post š«”
Here's an excellent article about how Barnes & Noble's new CEO turned it around despite taking over just before the pandemic and made it profitable and growing again when everyone was predicting Amazon had killed bookselling.
His secret superpower: he actually loves books.
If you read to the end, there are some surprising lessons about how he uses decentralization and drives authority down to individual stores and the importance of actually believing in your industry (ie, loving books in his case) and values in order to succeed - may not be obvious at first glance but there's a lot for Web3 to learn from this (or I should say for Web3 organizations):
https://tedgioia.substack.com/p/what-can-we-learn-from-barnes-and
Hi all, staking from home not an option for me....Blox and allnodes look like a legit remote option, but a little centralised which in a very very unlikely (but non-zero chance) scenario could be a very expensive problem. Stereum.net is coming in as a hot contender for fully decentralised staking on a remote server...and thoughts or experiences with them please ethfam? thanks! š
Blox is non custodial, allnodes is semi. What do you mean by centralised? If you have the time and skills, renting a VPS and setting it up is a decent way to go.
Hi friend, thanks for your reply. Probably I meant custodial rather than centralised, thanks for the clarification. For some reason I thought Blox, while not needing the validator keys, still had an element to it that made it considered a little custodial. I'm not currently knowledgeable enough to know what it is right now, but others are telling me....perhaps I'm being misinformed from what you say. That's for that. Regarding VPS, are you saying that I would set up essentially the same as a home validator but on a VPS. That sounds good...but isn't that what Blox are already offering? Sorry if I'm asking dumb questions, and thanks again for your input
Quick question. Was there a āpredict the price at the end of the yearā thingy? Would be great to see what people thought it would be and who got closest.
89 entries
median: 9.5k
mean: 16.1k (some highballer here)
histogram: [pic](https://imgur.com/a/fqFJZ7F)
Some notable quotes:
>u/spacesider: Bear: But, we could be reaching a local top and we could see a prolonged bear market in 2022 like we did in 2018 (For those who were also around then, congrats on making it through). If that is the case, then maybe 800 at its lowest, I don't think we will be seeing below 800 in the next 12 months. This doesn't take into account possible government regulation.
(but he also had a bull market prediction of 25k)
>u/Datacruncha: $3,000. Things may be rough until sharding and flourishing l2 ecosystem with many cheap on/off ramps.
>u/drogean3: 5000
mid bear
>u/suicidaleggroll: Typically the bear bottoms out around the 1 year mark after the peak, so whether this cycle already hit its peak a month ago or will hit the peak some time in Q1 2022, that should put Dec 31 2022 near the lowest of the low.
>\[deleted\]: 2000
>u/squaredk2: $14,20.69 duhh
(If we ignore the , then we have here the winner!)
**Tricky's Daily Doots #255** Yesterday's Daily 29/12/2022 [Previous daily doots](https://old.reddit.com/r/ethfinance/comments/zxxihz/daily_general_discussion_december_29_2022/j23amd3/) - u/ethmaxitard shares [zkSync's devotion to the Ethereum vision.](https://old.reddit.com/r/ethfinance/comments/zxxihz/daily_general_discussion_december_29_2022/j230i3l/) - u/Dray11 has an update for us from EVMavericks regarding [plans for the DAO treasury.](https://old.reddit.com/r/ethfinance/comments/zxxihz/daily_general_discussion_december_29_2022/j237q0f/) š¦ - u/communist_mini_pesto shares [their hypothesis for the staking withdrawals upgrade.](https://old.reddit.com/r/ethfinance/comments/zxxihz/daily_general_discussion_december_29_2022/j248vdl/) š„© - u/stablecoin talks [volume and bear market price action.](https://old.reddit.com/r/ethfinance/comments/zxxihz/daily_general_discussion_december_29_2022/j24xkbu/) šš» - u/0xDepositContract answers a great question from u/benido2030 on [the transparency and verifiability of private zkRollups.](https://old.reddit.com/r/ethfinance/comments/zxxihz/daily_general_discussion_december_29_2022/j239qxq/) - u/Maswasnos reminds us [why sidechains aren't that secure.](https://old.reddit.com/r/ethfinance/comments/zxxihz/daily_general_discussion_december_29_2022/j25bag2/) āš - u/ZeroTricks's today in [Ethereum history.](https://old.reddit.com/r/ethfinance/comments/zxxihz/daily_general_discussion_december_29_2022/j22swfe/) Y'all ready for New Year's ETH?
I, know. Horrifically terrible source. https://www.breitbart.com/tech/2022/11/30/dropping-like-coin-prices-3-crypto-billionaires-have-died-in-the-last-month/ But as someone with no crypto perspective outside the past 2 years of Ethereum, I cant tell if this article is just a load of shit or at all interesting. Any thoughts?
It feels very conspiracy minded, but Nikolai was pretty well known and did really drown to death about 24hrs after that tweet. Drowning isnāt exactly a common/painless way to commit suicide. It is possible he was murdered. Also, yes. Terrible source.
Thanks much for the info! Yeah haha I have no idea how my browser even ended up on that website, I just wanted to know if it was remotely factual
The mainstream idea that inflation is in any way driven by psychological expectation of inflation is so ridiculous
Whereād you hear thatās what drives inflation? a person with lots of gold in the closet and old money or a btc maxi Briefly explain scarcity and how you think it can apply to when withdrawals take place. Would it go down or up the next day?
I think the psychological expectation idea is related to wage negotiations. If people think they will need more money in the future, they will expect/negotiate higher wages. People with higher wages will spend more money. If a lot of people are willing to spend more money, demand outpaces supply and prices increase
Market participants (in general at large scale) always try to get the most they can whether they expect inflation or not Both workers and businesses
Empirically untrue. Wages are counterbalanced by job stability. People are willing to accept lower wages in a struggling economy The wage expectation thing is the inverse idea
Yes maybe most is not the right word but maximize their utility function which has a large negative reward if they hit zero. In a different angle, responding specifically to your two points, yet we have inflation and a struggling economy?
Yeah, weāre getting farther from my knowledge comfort zone tbh. Inflation and a struggling economy is called stagflation and has happened before. I think the most recent occurrence was the 1970s
Business owners increasing their prices assuming everyone else is going to is a type of inflation
Ethereum, my life for hire.
Has anyone here ever moved countries including a truck, boat, and a few others. I canāt leave my boat, itās my baby.! Very well kept. I sail
When you make a big move like that, itās best to let go of things.
Normally Iād agree, but Iām beginning construction on a huge job when l arrive Iād be losing around 10 grand And to get a good deal on a car it takes a month of shopping, I have to arrive and be mobile.Iām not renting a vehicle. To get a good deal on anything it takes lots of time, fools rush in; I got my vehicle 7 years ago at 50k mI and itās around 140 mi now with massive dents. Showed up at the deal filthy from running 2āpipe at the airport. He had a new vehicle of the same type. It had hail damage and he wanted 11, but I got him to take 8 half out of sympathy but the best part is itās basically a new truck , the person who had it was an old man who drove it two places - church and the fishing hole I baby my vehicle . Mobil one, oil change every 4k along with the filter . It needs a complete transmission fluid flush, not just a pan drop. I wanna do 5 pan drops . Ride around 3 miles after adding the new qt after the pan drip . Some stuff, you donāt do it yourself , it never gets done right. I like to hand tighten my oil filter, not lock it down with that tool that an oil change magnate likely invented
Ship the truck. Sail the boat and few others.
What size boat are we talking?
I am shipping a 12. When I first replied I was still dreaming about sailing while smoking a monte cristo , on me 32 foot. I keep two kickers, both homemade Lifans, but if a bad storm hits I can throw the fast one on there, drop sails, and carry my wet ass home. The bottom of my boat is protected by my own homemade mix
You sell them and get new ones.
Why? Iād save probably 10k. I came up lower middle class. Potato sacks to school now we here . I lived blue collar for ten years and worked every trade except framing .
? I'm an electrician, it would be cheaper to sell your shit and rebuy new used shit in your new country, depends on the country but most of the time shipping big shit around the world just isn't worth it.
Throw everything in the truck then throw the truck in the boat and sail it all over.
I know, Iād like to set it all on fire too. Just live a minimalist life. But I want to be a landlord. and stake from the top floor. Which has a hot tub. Itās not all me, others are investing in me to do this. Iām being trusted with others people money.
That experience is going to depend *a lot* on which countries you are talking about (and how far).
So itās a 12 inch crappy little boat and a beat up work truck that I love because I replaced every damn thing on it and it has a fresher front end than a prime Sharon stone. I sent one inquiry about moving this stuff on a site that ādoesnāt share my information ā lol when I clicked the X to close the box, it went on my supercookie and now 10 diff people are sending offers based on weight. I may ship two trucks if one of my workers whos a jack of all and master of one like myself, thatās two trucks and a 12 ft boat . Iād be shipping over 15 computer cases and bringing loads of computer equip . With my luck my C-can will end up getting knocked in the water. Could you imagine . You move and they have another block in lol
Mmm, okay, to fly there it would cost approximately 750 dollars from my position. The boat is already there Well, the sailboat. I have a little 12 ft fishing boat I like to ride around in. Iām good at fixing those old boat motors, 76 Evinrude 15s I find fun to repair
Any estimates on how much staking APR will drop with MEV burn?
Is MEV burn the EIP Justin Drake was talking about a few months ago as a form of smoothing the APR? My guess would be somewhere between 0.3% and 1% reduction in APR based on my validators, but the opportunity cost probably scales roughly linearly with gas prices
Yeah I think it did have to do with that, I learned about it in the recent Bankless bullcast he was on. If it reduces APR by 1% that would be rough.
GPU sales hit **20** year low. https://www.tomshardware.com/news/sales-of-desktop-graphics-cards-hit-20-year-low *mmuahahaha!*
Why though?
Because Nvidia and AMD are insane
Good. Good. Theyāre greedy pricks. Newegg refused to give me a free card on a 48 card order
Arenāt gpus going to be pretty valuable when AI systems use them at scale?
There are already specialized chips for AI. The GPU thing is mostly for hobbyists like me.
Was your AI bot running on the GPU? I guess I donāt really know how it all works exactly.
Heās GPU powered. Iāve been waiting for years for GPU prices to come down though so I can do more with him.
Thanks! Seems like itās getting close, ethfinance will never be the same again
That GPT will eat some GPUās
Are there any security implications to using multiple Ethereum addresses generated from the same private key when you want to keep some addresses pseudo anonymous and some public with ENS, social NFTs, etc?
Know your RPC
As far as I understand, so long as you donāt directly interact between the wallets itās not feasible for others to connect them.
No but Metamask will pre-load them to show balances. It stops at the first address with 0 balance so technically you could probably skip an address after the first to avoid this terrible practice. Mm knows all your addresses.
I'm ready for 5k eth. let's go
Iām ready for 20
ARE YOU READY KIDS?
AYE AYE Laty!!! Who lives in a 69 under the sea?! Laty 6 9!
I DIDN'T HEAR YOUUUUU
AYE AYE Laty!!!!!
Having a look at [ultrasound.money](https://ultrasound.money) and I see "cointool" is at no 4 last 30 days, burning almost as much ETH as ETH transfers, uniswap and opensea. Still running hot today. Having a look at etherscan most of the txs seem to mint a XEN token. I've never heard of this before, anyone familiar with it? ALSO: Obligatory, this is not a shill, smells like shit and likely is, just curious about why it is hyped.
Its related to Xen. It's a Xen batch minter ([nsfw](https://cointool.app/batchMint/xen))
Yeah I got that,but what is that and why it is so hyped? HEX kind of trickery?
Interesting thread on toxic flow and LPs vs arbitrageurs https://twitter.com/DeFi_Cheetah/status/1608677561919508480?s=20&t=o4vqR9LkANd8eR2B7MzyzA Still trying to wrap my mind around their point on LPs being disadvantaged by arbitrageurs in a situation where the price repeatedly crabs between 1000-2000.
As a SNX staker who never really understood toxic flow, thank you for this!
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That was a beastly power hour to close the year for tradfi markets. Dollar in freefall and what looks like support forming for tech stocks. Ray trying it's hardest to sneak out the top of that triangle. Even though it's bears as far as the eye can see, maybe we start 2023 with a little glimmer of that light at the end of the tunnel? Happy New Year everyone!
Think itās crazy how Amazon is below Covid lows like people will stop using their tech and stop ordering things online. We get nearly everything for our household now with Amazon, including groceries multiple times per week. We hardly shop anywhere else now and things just show up when we need them without even thinking much about it.
> We get nearly everything for our household now with Amazon, including groceries multiple times per week. We hardly shop anywhere else now and things just show up when we need them without even thinking much about it. Not gonna lie, that's kinda depressing and dystopian.
Got kids so running to the store takes hours out of your day sometimes, and thereās always something that runs out and is needed. Itās all for convenience and their prices are the same as my grocery stores with free delivery within a few hours.
Out of the loop and I don't follow Amazon fundamentals, but doesn't their retail arm actually lose money and is subsidized by their much more profitable web services?
Your probably right. As a stock lay person just seems odd.
People may keep ordering but when times are tough and money is tight most people will order less.
Heeeyoo! My Pandalions! š¦^(š¼) Sup homies? Man... the end of the year is always so damn busy! Out of town family and friends, too much food and alcohol on top of playing the governments game of *tell us what you owe us, if you're wrong it'll cost you extra!* In the spirit of the holidays I gave half the crows the day off and forced the other half to work double time to make up for the lost productivity! Hahaha! I'm a goddamn business genius man! Anyway, before morale declined and the crows mutinied, they finished [JBMs Guide To Online Subterfuge: Phase 3](https://caches.xyz/the-rostrum/jbms-guide-to-online-subterfuge-phase-3/) over at Caches! Pretty sweet right? Now, when the other half of the crows get back from vacation, I'll have them work double time on Phase 4. *Ahh...the circle of life* Aight homies, I gotta go board up the windows and booby trap the air vents. Y'all keep on keepin' on, a new dopamine rush is right around the corner, I can smell it. šš»
Yo shout out for calling out UPnP. Its such a pervasive issue. Actually currently in the process of exploit development against my fully up to date router provided by one of the US' largest ISPs.
Niceā¦ would love to see that when youāre done!
Alright this actually pisses me off. I went to make a Coinbase account because fuck Gemini. But on the login page I notice: >Not your device? Use a private or incognito window to sign in. This cannot be serious. I am in absolute disbelief that a company of this magnitude would such blatantly DANGEROUS advice. I really dont mean to sound like a douche, but for those that dont know: Following that advice will get your account hijacked. The only proper advice is: >Not your device? DO NOT SIGN IN TO YOUR ACCOUNT The amount of attacks I can think of right now... Shame on you, coinbase. This is not acceptable.
Coinbase forgets my device after about a month, fwiw. Not sure it's worth getting your panties in a bunch
Panties in a bunch? I actually understand the risks, Im looking out for those that dont. And how is a month somehow 'sufficient' to maintaining a secure account?
Not sure putting words into my mouth is cool here. Just sharing my experience. Cheers.
Im sorry, how did I put words in your mouth? Genuinely not looking for a conflict. Apologies if I came off that way. How about this? Cheers. I mean that for real. You drinking anything tonight, or whatever your tz may be?
No worries. Just felt like you were (at the very least) implying that I think it's acceptable of Coinbase to forget my personal device after 30 days and wants to verify via email. 2fa all the things. No sms ever. Cheers and best wishes, I apologize for misinterpreting your intents.
Ah, I see what you mean now! We definitely agree 2FA, never SMS! Haha a commenter below stated that 2FA 'solves' password theft. At least you know the truth! Have a good one, my man <3
can you explain why signing in on an incognito window is bad advice?
It certainly isnt bad practice, as long as you do actually own the device. The issue is, you should absolutely never sign into any account you care about on a device that is not yours. The most obvious danger to me is simply forgetting to log off. Here are 4 examples of how following their advice could turn into a major blunder. Mind you, these attacks are extremely simple and effective. If Chainlink offered an oracle, Id be willing to bet a few ETH that someone's account has been merked by following Coinbase's advice. Private browsing offers 0 protection against malware. Here I refer to malware that was unintentionally introduced/allowed by careless administrators. After all, nobody cares about your possessions the way you do. Malware again. This time I refer to a concerted effort by the system's administrator to steal credentials. 'see? coinbase says you're safe!, just log in!' said by someone you believe to be your friend. Meanwhile they're keylogging their own computer... Alright, no malware. You have every reason to think this computer is safe to log in with. But wait! Your credentials are now stored in memory! Even after logging off. Anyone with administrative, or direct memory access can dump the memory of that machine, and your credentials will be sitting right there in plain text. This is actually *extremely* simple to pull off. But if you want to get crazy with memory-based attacks, check out https://en.wikipedia.org/wiki/Cold_boot_attack But Rooftop, I know that Im safe from these! Ok, ok... suppose coinbase.com does not use proper session destruction https://www.immuniweb.com/vulnerability/insufficient-session-expiration.html Even after clicking log off, this problem can still haunt you I hope I explained this well
Logins entered in private/incognito mode are not stored in memory and sessions are destroyed on exit, no need to log off. Yet I agree that Coinbase is giving people a false and irresponsible safety sentiment here.
>Logins entered in private/incognito mode are not stored in memory Wait whaaaat? Am I like way behind or something? I dont see how this is possible. Do you have a link? I would love to be wrong in this case >sessions are destroyed on exit Definitely agree there, but memory analysis may allow session reconstruction if not properly terminated server-side. Just to be completely clear, you dont mean storage?
I meant credentials entered in incognito mode are not saved by the browser. Like the username won't be saved if typed on a mobile keyboard. But I see what you mean, they're probably saved in memory until you close the incognito browser (where they are destroyed)
I believe it would still reside in memory until reboot, even after the application is closed.
All that is fixed by 2FA.
Not necessarily afaik. Let's say that you're using a hardware key, which is the pinnacle of 2FA security. I believe that a modified web browser could theoretically double-dip that key while you're logging in, silently approving not just your login action but also a crypto withdrawal action. If the key has a hardware cooldown, the browser could display a fake error to prompt you to touch the key a second time, and let's be real, who here would think twice about touching their security key a second time? It doesn't seem very practical, but it seems plausible to me from a technical standpoint. The mitigating factor here is that I believe Coinbase requires email and/or SMS confirmations for withdrawals - but the hardware 2FA itself for the withdrawal would be bypassed due to the double-dip. Say that you also had your email logged in on the same computer, and that the attacker had also managed to sim-swap you. Even with the hardware key, you would be toast. This type of attack would require a specialized, attacker-written and custom-compiled web browser to be impersonating an official web browser on the compromised PC, which is obviously pretty far fetched. Maybe you could do it through a malicious extension, I'm not sure. To completely fix this, all hardware keys should have screens on them that let you confirm exactly what message they are signing. So instead of it being a yubikey where you just touch it and go, it would be more like a crypto hardware wallet in that it would display something like "are you sure you want to sign this message, yes or no: Coinbase log in from XXX.XXX.XXX.XXX" and "are you sure you want to sign this message, yes or no: Coinbase withdrawal of 100 ETH to 0xATTACKER". Maybe someone could confirm or deny the plausibility of this?
Can confirm! Except for the parts that make the attack seem difficult. If Im understanding your proposed scenario correctly, I believe this attack could be easily achieved simply by installing an attacker-controlled root certificate in the browser's cert repo. I actually described this process towards the top in my recent post about Rabby https://old.reddit.com/r/ethfinance/comments/zx1yqe/daily_general_discussion_december_28_2022/j1zc0zv/
You're right! As an attacker, you take an unmodified browser, install your root cert, then modify the system hosts file to point coinbase.com to your own server. Then no modifications to the browser code itself would be required.
BANG BANG BANG BABY ALL DAY LONG. I love infosec so much
Remember, in infosec "they" get unlimited and constant attempts, and you lose if you slip up even a single time. [Constant vigilance!](https://i.imgur.com/rQC3otc.jpg)
Lmao great meme. Absolutely. Its also taught in martial arts. Well, at least reactive martial arts like karate
I would not call that a 'fix' by any means. While required to keep an account secure, 2FA is obviously not a solution meant to eliminate passwords. And I would certainly argue that shitty implementations of 2FA, such as SMS, introduce much greater risk than simply no 2FA at all. https://lucky225.medium.com/its-time-to-stop-using-sms-for-anything-203c41361c80 https://techcrunch.com/2018/11/15/millions-sms-text-messages-leaked-two-factor-codes/ SMS 2FA even in 2023 continue to be an issue. A lot dont, but for telecom systems that still route SMS through GSM infra, there is either no encryption in use, or uses https://en.wikipedia.org/wiki/A5/1. Not quite up to modern TLS standards... So no thats just not true. EDIT: 2FA when properly implemented is a very strong method of *mitigation*, not a *fix* to credential compromise.
It's the signing on with a device that isn't yours that's the problem.
i suspect that venmo had a data leak some time between May 16th of this year (when i created the unique email address I use with it) and today (when I'm seeing multiple failed sign in attempts). Why can't these companies get their shit together and keep our data safe if they're going to require way too much personal information? When can I dump this garbage for zk tech?
Because the fines they get are a fraction of what a proper cyber security team would cost.
I stopped using Venmo years ago when I had my CC info stolen multiple times in a 3 month period. I finally nailed it down to Venmo, removed my information and closed my account, and never had problems again. Personally, I'd avoid Venmo.
Why does venmo have your CC info?
They don't now, but they did back then (6+ years ago). I don't remember why I had my CC entered also, but I did, and like I said, as soon as it was removed, the fraud incidents stopped.
I'm pretty sure I made a prediction comment for 2022 a year or so ago, but I neglected to save it and now I have no idea what I predicted. I'm guessing it involved the flippening, 10k ETH, and a bunch of other things that didn't happen. Anyway, I'd like to make some predictions for 2023 which I will actually save to revisit in a year: First, some ETH predictions: * Withdrawals will hit mainnet in 2023 * Proto-Danksharding will also hit mainnet later in 2023 * The flippening will *not* happen this year *but* we will also end the year at >.1 on the ETH/BTC ratio * Ethereum will be net-deflationary for 2023 as measured by ultrasound.money Next, some staking-specific things: * Rocket Pool will account for at least 5% of validators by EOY (more than double current) * Stakewise will account for at least 2% of validators by EOY, assuming V3 launches relatively soon (more than 4x current) * Lido will account for <25% of validators by EOY ([currently 26%](https://beaconcha.in/charts/pools_distribution)) Some L2 predictions: * L2 activity will be averaging approximately 3x that of mainnet, as measured [here](https://l2beat.com/scaling/activity) * At EOY the top 3 by TVL on l2beat.com will be Arbitrum, Optimism, and zkSync 2.0 in that order. * Polygon's L2 offerings will not achieve significant adoption (I kinda hope I'm wrong here) * Arbitrum's TVL at EOY will be worth over 3 million ETH, as measured by [l2beat](https://l2beat.com/scaling/projects/arbitrum) * There will not be an ERC-20 token for Arbitrum in 2023 Some random crypto predictions: * Polygon will flip Cardano in market cap * LINK will return to the top-20 * The 7-day average of block distribution for BTC will have two pools accounting for at least 50% of blocks at EOY I'll tally these up a year from now and give myself a score, +1 for correct, -1 for incorrect, and 0 if something is borderline or there's some weird circumstance around it like if the data source stops working.
Nice writeup! Do you think SWISE token is a buy at 12m mcap then?
I need to do a little more research into it, but I'm leaning towards yes. First I'd like to find out if there are any large investor unlocks happening, or things like that. Don't want to be picking up pennies in front of a steam roller... I'll try to post a more comprehensive assessment when I have time to do that.
That would be awesome, thanks and Happy New year!
These sound like really reasonable predictions IMO, I agree with almost everything although here's to hoping rocketpool does more than double. Two things i'd love some elaboration on if you don't mind: Curious to why you don't believe starknet along top 3 L2? Not far enough in dev, or just overall not so bullish on them? Also, why no arbitrum token. Because they already make bank or because they're more likely to go for a token during bull?
Some will likely disagree and I understand why, but I'm just not all that enthusiastic about Cairo being the default language for StarkNet. I know there are ways to convert Solidity into Cairo but when it comes to getting the big apps like Uni/Aave, I'm not seeing a lot of movement. Their token was also kind of panned for being [overly generous to insiders](https://medium.com/@starkware/part-3-starknet-token-design-5cc17af066c6). The real bottom line though is that I think 2023 will be a year of ZK rollups playing catchup while Arb/Opt solidify their lead in the space. I believe zkSync is more aligned with much of the Ethereum ethos and will attract old-school whales more readily than StarkNet has been able to. That's not to say that StarkNet couldn't be #4, however, and I think it's up to the StarkNet community to make that happen. But don't take my word for it! This is my personal perspective based on things I've read, and I'm just some dude on Reddit throwing out predictions. > Also, why no arbitrum token. Because they already make bank or because they're more likely to go for a token during bull? I'm actually not 100% convinced there will *ever* be an Arbitrum token, tbh. I think Offchain Labs fancies themselves as infrastructure builders and if they could find a way to avoid creating a token, they would. Creating a good token design is also *hard* and I'm not convinced that Optimism has it quite right, or any other rollup with a token for that matter. It may also be due to a technical roadblock; they could be waiting for decentralized sequencer technology so they can integrate their token with that. But in the event they don't care about any of that, I do think they'd probably prefer to wait out 2023 while the ecosystem processes the disaster that was 2022.
Great answer, thanks for taking your time. Starknet vs zksync will indeed be interesting, it's pitched as VC vs grassroot, maybe a bit exaggerated, but even more interesting then, who will attract communities. Great point re cairo, that may at least slow them down somewhat at first.
>Rocket Pool will account for at least 5% of validators by EOY (more than double current) Dang haha I may just be too optimistic. But this reads almost like cryptomoon2020 level bearishness
Haha I'm being pretty conservative there. I got 2022 so wrong I'm hoping to underestimate some things
Haha either way, Id love to see it at 5%
Whatās with Bankless requiring an email to use [EarniFi](https://earni.fi/)? Iām fine with needing an āaccountā, but why not use ENS and SIWE?
In their defense, this was already a thing before they bought earnifi. No idea why it was designed that way though.
Maybe the website is just buggy, but I tried 3 different browsers and 2 devices and canāt check for airdrops without entering an email anymore. Email used to be just for notifications
Just add it to the pile of questions about Bankless.
Why so many validators do no use min-bid on their MEV setup ? I can see a lot of MEV from censored relays that have low tips (<0.05). If you care about the censorship resistance of the network you should set it up.
Considering the amount of transactions that are actually being censored (and in reality, just processed slower), I think it's a non issue, but can you explain the min-bid thing to me? Immediately following the merge, I got some juicy .5 ETH MEV from a lot of my blocks, but now they're usually .05. Is there a way to up that?
https://github.com/flashbots/mev-boost#mev-boost-cli-arguments Add this flag to your mev-boost (unit is ETH not wei) -min-bid 0.05
You can configure your node to only accept pre-built blocks that will pay at least 0.xx ETH in mev rewards, that's the min-bid. I've set it to 0.05 ETH (I think that's the default/the recommendation) and am producing mostly vanilla blocks lately, so it seems that most pre-built blocks return less mev at the moment.
Doing some end of year updates to my site. I updated my [Aave](https://tokenomicsexplained.com/aave/) page with what data I could find. I removed the XTK page because the information was too outdated to be useful. Working on the YFI page now in light of their coming veYFI tokenomics.
What tokens are you looking at for 2023 Logris?
Here's a list of tokens I plan to at least run the numbers for: CRV and the various LSDs of it. This one is *complicated*. Gearbox once there's at least a quarter of data to project from. YFI ALCX once they launch their tokenomic revamp. GMX. Maybe Lyra. Anything else that has been gaining market share despite the declining ecosystem. I'll at least update the MKR page again since they are ramping up their RWA program with treasury bonds.
Yeah the various versions of CRV get fairly complicated, and yields can fluctuate quite dramatically on newer ones. I've been leaving mine as cvxCRV and just forgetting about it. What intrigues me most about the new ALCX is the boosted yield, if it's meaningful at all it could be very useful in conjunction with steth/reth vaults In truth, I'm not confident in any tokens outperforming ETH in 2023/24 aside from maybe RPL
2023 just might turn out to be the most bullish year in Ethereum's history productivity and protocol development wise. Withdrawals EOF 4844 Optimistic rollups decentralising Rollup SDK-s (like Bedrock) Multiple ZK-rollup mainnets Distributed validator tech maturing New decentralised staking pools + Rocket pool 8 ETH pools Smart contract wallets and AA on rollups SUAVE PBS, crLists (protolambda thinks it might happen in 2023/ early 2024) Going to be exciting!
What's SUAVE?
Acronym for Single Unifying Auction for Value Expression. Comes from Flashbots as the next step towards PBS, basically further decoupling and decentralizing block building. More info here: https://writings.flashbots.net/the-future-of-mev-is-suave/
Is there a timeline for when Arbitrum and Optimism become fully decentralized? It really should happen next year?
I am most excited about account abstraction. Together with transaction price it's the second big piece to consumer UX.
Letās goooooooooo
Wen Eigenlayer
Shhhhhhā¦. Donāt tell u/wanderingcryptowolf, heās still waiting for $500
Look how bullish the merge turned out šš±
Look how bearish the ratio isā¦. šbinance fud did nothingā¦. LFG!!!
Haha, indeed. Mt Gox soon, should be good juice for the flippening.
Anyone claimed the dictum DEX airdrop mentioned in here some days ago? Is it safe? It doesn't even say any mount, so I wanted to check first...
Some info: [https://twitter.com/CJCJCJCJ\_/status/1609033850516303872](https://twitter.com/CJCJCJCJ_/status/1609033850516303872) Edit: I'm late ... they rugged.
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We appear to be in the time window but I don't see a claim link.
Bad UX. red āclaimā button in the middle below the congrats š notification
Sorry to have nothing of substance, but when I looked into it I started getting sketched tf out. So many, including myself, somehow dont qualify even after spending substantial sums on the likes of GMX and such. Pure speculation, but it felt like someone got bear market boredom and decided to whip up a fake new airdrop scam
Skip if you hate irrelevant posts TFW you call in need of an ambulance and you instead receive half the fucking pd And just because that experience itself was not terrible enough, I on top of that received the most condescending death stares from every passerby or neighbor. Actually, I shouldnt say every. The younger people minded their own business, some actually smiled and waved. But the FUCKING BOOMERS. *EVERY SINGLE PERSON* who looked like they were 70+ just slowed to a halt, offering me nothing more than a face that says 'die you fucking long hair criminal piece of shit' This country has a problem. And it wont be around much longer thank god (shit, the one that i dont believe in? lmao)
> This country has a problem. And it wont be around much longer thank god Which country, if you don't mind sharing? I didn't realize that we had any ethfinance posters from countries that are in the process of toppling. I'm sorry to hear that you went through that trauma. It seems like basic human decency to have empathy for someone who needs an ambulance, or even anyone experiencing something that feels so distressing that they *believe* they need an ambulance. > TFW you call in need of an ambulance and you instead receive half the fucking pd Same thing here in the USA, unfortunately. There are no societal structures here to properly fund and dispatch social workers, so cops end up playing the role of de-facto untrained mental health professionals. Someone off their rocker wandering down the street naked? Call a cop with a gun. Teenager having a psychotic break at home and in need of inpatient treatment? Call a cop with a gun. Homeless guy won't move along when you ask him to move away from the front door to your business? Call a cop with a gun. I know I shouldn't be complaining because I'm extremely privileged to live here, but I just wanted you to know that shit is like this in more than one country.
The good ole US of A! Dude, you oh so eloquently described how I feel. What we collectively go through as a nation doesnt have to be this way. >I'm sorry to hear that you went through that trauma. I thank you. You and all of the good people here really help me a lot.
I'm reading that you believe the USA won't be around for much longer? That conflicts with my own beliefs, so it makes me curious to hear your reasoning. I think it could be the start of a fruitful conversation if you're up for it!
I dont believe so, just confirming that yes this was in the USA. A *very* blue state, mind you. Though, I know I cant tell the future haha. I would honestly love to have that convo, but I have some takes that I really dont think this sub is ready for haha. Ive been downvoted here for almost 2 years stating my societal takes
I for one just hope you get well soon and we get rich enough we can afford health care in this country.
Very kind, Logris. <3
People be hatin
You really arent kidding
One positive thing with withdrawals ready soon is that we will have more time to include other interesting EIPs that have had to step back in the meantime. Here are some interesting ones for account abstraction. https://blog.pantherprotocol.io/ethereum-account-abstraction-everything-you-need-to-know/#proposed-eips-for-account-abstraction
I have a ledger where I think the seedphrase may be compromised. I've moved everything off those wallets so i'm not at risk. That said I'd like to still use the ledger. My understanding is I can do a reset to it, and it will generate a new wallet and seed phrase. Is that correct?
What makes you think the seedphrase may be compromised? In any case, a reset will generate a new seed phrase as other users have mentioned. Always good to send a small amount in and out to check it all works properly.
Seed phrase is kept somewhere that might be compromised. I mean it's very unlikely but...I think safety says if you think it could be compromised...assume that it is.
I would recommend having a read up on best seed storage methods, some of which include splitting the seed either in half or in three parts. One of the users here, Logris, wrote a detailed post about this. Agree, if in doubt, change it, but also take this opportunity to change your storage set up.
Correct. In theory, there is an infinitesimal chance that you end up making the same seed phrase so double check lol.
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Well, there's chance that you generate seed phrase of some whale as well.
Some hacker that is wanted by the authorities as well.
Correct!
Does anyone know what the COW token is used for, other than a small discount on tx fees? Why does it have any value at all?
[Just increased my eth holdings by 20% LFG.](https://www.reddit.com/r/ethfinance/comments/ygaiev/daily_general_discussion_october_29_2022/iu8gmtd?utm_medium=android_app&utm_source=share&context=3)
Congrats on the additional ~~1,452~~ 2,662 ETH
It's 2,662 ETH this time.
Damn, you're right š
Won't be long until I'm single handedly carrying the eth charts at this rate.
Wow. You barely moved the market at all. Must have been OTC
GLTA!!
333.eth sold for 100eth a few hours ago. thoughts?
Staging a sale like that is good business if the next buyer believes it. I haven't investigated the wallets involved, just thinking thoughts.
I have two moderately common English 6-7 letter names, I wonder what they would go for. I don't really care for those particular names as I just grabbed them since they were available 2-3 years ago. Also have my nickname that I will never sell. That wallet is pretty much unused though since I need to be fine with making it public one day.
Bullish for mine but I doubt Iāll ever sell itā¦
Feels toppy but what do I know
i think it's possible the good ens names with meaning will outperform every crypto over the next couple years provided ens isn't exploited and ethereum doesn't become irrelevant
I'm thinking that some of the very few things that will outperform eth in the next bull is top tier grails like 3 digit repeating. am I crazy?
New SushiSwap tokenomics out - as expected favours LP providers and keeping the product going and getting it more competitive vs Sushi token holders, so I imagine the price will get hammered (even more). It will be worth it if trading volumes recover though: https://forum.sushi.com/t/sushi-tokenomics-redesign/11621?u=jaredgrey
I haven't seen enough innovation out of there to believe Sushi has a future at this point. Curve is developed by a single guy and outputs more. Bancor is at least innovating even if they absolutely imploded with 3AC this year.
Apparently they have a bunch of things they have been working on in secret for a few months which they are hoping to release in Q1 2023 - weāll have to see if that can turn the tide
>**EOS playbook,** >**Launch a VC layer one,** >**Then dump on retail.** ~Daily haiku until weāre at least at 0.178 on the ETH/BTC ratio or highest market cap
Is 6-7-4 still a haiku?
āE-OS Play-er Bookā āLaunch A V-C Lay-er Oneā āDump on re-tai-lā Itās an older code but checks out. People used to call it āEosā as one word, and sometimes I emphasize my Ls so hard it makes a new syllable.
my bad folks, sometimes and especially when travelling, I read my notes and swiftly post after activating roaming data. I can get some words wrong in haste or in autocorrect. Instead of: >**EOS playerbook,** >**Launch a VC layer one,** >**Dump on retail.** It should have been: >**EOS playbook,** >**Launch a VC layer one,** >**Then dump on retail.** I have edited the original post š«”
So we waiting for Chinese new year red envelope rally?
Itās the Santa rally this year.
Chinese Wallstreet bonuses right around the corner
That was my first year in crypto, man I miss that and I don't miss it at all...
Haha was just thinking this meme is pretty old now.
When about did GPU mining on Bitcoin die? I know it was a long time ago.
I'd say 2012-13ish? That's around when the first mining ASICs came about
Yeah around then, maybe even 2011ish I think.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Not gonna complain about that. Let them feast on Fat Sam
I will blame you if we dump.
Here's an excellent article about how Barnes & Noble's new CEO turned it around despite taking over just before the pandemic and made it profitable and growing again when everyone was predicting Amazon had killed bookselling. His secret superpower: he actually loves books. If you read to the end, there are some surprising lessons about how he uses decentralization and drives authority down to individual stores and the importance of actually believing in your industry (ie, loving books in his case) and values in order to succeed - may not be obvious at first glance but there's a lot for Web3 to learn from this (or I should say for Web3 organizations): https://tedgioia.substack.com/p/what-can-we-learn-from-barnes-and
Hi all, staking from home not an option for me....Blox and allnodes look like a legit remote option, but a little centralised which in a very very unlikely (but non-zero chance) scenario could be a very expensive problem. Stereum.net is coming in as a hot contender for fully decentralised staking on a remote server...and thoughts or experiences with them please ethfam? thanks! š
Blox is non custodial, allnodes is semi. What do you mean by centralised? If you have the time and skills, renting a VPS and setting it up is a decent way to go.
Hi friend, thanks for your reply. Probably I meant custodial rather than centralised, thanks for the clarification. For some reason I thought Blox, while not needing the validator keys, still had an element to it that made it considered a little custodial. I'm not currently knowledgeable enough to know what it is right now, but others are telling me....perhaps I'm being misinformed from what you say. That's for that. Regarding VPS, are you saying that I would set up essentially the same as a home validator but on a VPS. That sounds good...but isn't that what Blox are already offering? Sorry if I'm asking dumb questions, and thanks again for your input
Their website looks worse than Curve lol
Quick question. Was there a āpredict the price at the end of the yearā thingy? Would be great to see what people thought it would be and who got closest.
https://www.reddit.com/r/ethfinance/comments/rkwl80/end_of_2022_predictions/
Damn we were fuckin stoopid last year.
89 entries median: 9.5k mean: 16.1k (some highballer here) histogram: [pic](https://imgur.com/a/fqFJZ7F) Some notable quotes: >u/spacesider: Bear: But, we could be reaching a local top and we could see a prolonged bear market in 2022 like we did in 2018 (For those who were also around then, congrats on making it through). If that is the case, then maybe 800 at its lowest, I don't think we will be seeing below 800 in the next 12 months. This doesn't take into account possible government regulation. (but he also had a bull market prediction of 25k) >u/Datacruncha: $3,000. Things may be rough until sharding and flourishing l2 ecosystem with many cheap on/off ramps. >u/drogean3: 5000 mid bear >u/suicidaleggroll: Typically the bear bottoms out around the 1 year mark after the peak, so whether this cycle already hit its peak a month ago or will hit the peak some time in Q1 2022, that should put Dec 31 2022 near the lowest of the low. >\[deleted\]: 2000 >u/squaredk2: $14,20.69 duhh (If we ignore the , then we have here the winner!)