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Michael Depetrillo

@klassicd

178 Following
69 Followers
Michael Depetrillo pfp
Michael Depetrillo
@klassicd
Do most community led sessions happening in classrooms, specifically MUD tomorrow, require a laptop? My battery is dead 😫.
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Michael Depetrillo pfp
Michael Depetrillo
@klassicd
Can't post feedback in the official channel for /coinbasewallet feedback cause I'm not a member, but it's not working with Devcon passport 😫.
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Michael Depetrillo
@klassicd
Why did Vitalik lose the debate on Gnosis becoming an L2? He didn’t counter key points: Ethereum’s roadmap, like ePBS, could harm decentralization, and Gnosis—backed by many solo stakers—may be the best hope for a truly decentralized alt L1. Why should GNO validators give up business to ETH stakers? I still think Gnosis becomes a L2 because their core products like Safe and Pay have more utility & reach in a cross chain ecosystem.
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Michael Depetrillo
@klassicd
Anyone else see an issue with 4 entities controlling 18% of EL operators (EtherFi, Renzo, Swell, Unit 410)? I'm sure they'll claim each operator is run independently, but if the DAO can revoke/replace operator control I don't see how it matters. This will continue to squeeze solo stakers out of participating.
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Michael Depetrillo
@klassicd
My biggest takeaways from the must-read a16z State of Crypto 2024 report: - Stablecoins are now a top 20 U.S. debt holder, surpassing countries like Germany. - $8.5 tn in stablecoin volume in Q2, more than double Visa ($3.9 tn) and dwarfing PayPal ($0.42 tn), but still behind ACH ($21.6 tn) and Fedwire ($284 tn). - 4 of the top 5 rollup gas consumers are gaming-related. https://a16zcrypto.com/posts/article/state-of-crypto-report-2024
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Michael Depetrillo
@klassicd
ETH gets criticized for not capturing more L2 fees, but most BTC fees are taken off-chain by centralized exchanges and banks. Is this what they mean when they say 'narrative follows price'?
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Michael Depetrillo pfp
Michael Depetrillo
@klassicd
If you're a @bankless member you get 70% of Bankless Summit the day after Devcon. The speaker list is insane. See September Citizen Update email for the coupon. https://lu.ma/0bpju5ic
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Michael Depetrillo
@klassicd
This app is incredibly broken right now. Can't respond to posts from friends, /ethereum has 300k followers who can't engage with 0.001% membership, posts with all the replies below the fold, not worth mods time to individually manage members, who the hell wants a public group chat where the public can't engage!?
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Michael Depetrillo
@klassicd
There are 1.2m members of r/ama. Now imagine if you had forced 10 moderators to manually invite every member. That's 2000 hours of labor at 1 minute per invite. It could even take longer if mods are supposed to subjectively decide if you're a bot or not.
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Michael Depetrillo
@klassicd
Paying $10/yr to join a generic topic channel like /gaming doesn't solve anyone's problems. Sure maybe you'll have less bots but they won't care cause there'll be no good content or engagement.
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Michael Depetrillo
@klassicd
So early users who squatted globally relevant channels effectively have a monopoly over public discourse and exploitive pricing control.
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Michael Depetrillo
@klassicd
What is going on with Warpcaster? I can't read comments or engage with channel posts unless I join the channel? Doubt Reddit would have succeeded with this strategy. Then my comments are buried under a show more link while *+1" replies are highlighted? Why even bother taking time to engage.
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Michael Depetrillo
@klassicd
This narrative that Ethereum has abandoned L1 scaling doesn't match what I'm reading from EF researchers in this Reddit AMA https://www.reddit.com/r/ethereum/comments/1f81ntr/comment/llbyqky/?utm_source=substack&utm_medium=email
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Michael Depetrillo
@klassicd
Enlightening article about how Web Proofs / zkTLS will help break crypto out of it's self-referential ecosystem and unlock mainstream adoption. https://www.nascent.xyz/idea/cryptos-airtag-moment
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Michael Depetrillo
@klassicd
How do we level the playing field so app tokens can generate cash flow the same way infrastructure tokens (BTC/ETH/SOL) do? https://a16zcrypto.com/posts/article/application-tokens-economic-model-cash-flows/
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Michael Depetrillo
@klassicd
While founders of other chains promote grifting and quick-rich schemes, fleecing users with worthless meme coins, Ethereum remains a refuge for those truly in it for the tech. https://ethroadmap.com
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Michael Depetrillo
@klassicd
A crypto card that's self-custodial 🤔 🤯 https://card.argent.xyz?m=9r_F1APV
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Michael Depetrillo
@klassicd
I just collected Vitalik: An Ethereum Story (Streaming Ticket) EARLY BIRD PRESALE by Ethereum Stories https://ethereumfilm.xyz/streaming
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Michael Depetrillo
@klassicd
Tyler is spot on here that BTC's "limitations mean that the most valuable and liquid asset in crypto can’t be used as the economic foundation for a new financial system", and that if SOL's "cryptoeconomic security is only a meme, then the value of the native coin is not all that important." https://www.zerohedge.com/crypto/eth-high-quality-liquid-asset-crypto
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Michael Depetrillo
@klassicd
Klassic-chan is a degen-wegen who can't even find her own tokies without Rabby-sama's help >w< So embarwassing! Create a Waifu based off your FC profile with WaifuCast!
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