Ethereum

Ethereum is still the best chance we have of ushering in a more cypherpunk and free future for humanity.

Independent Ethereum educator, angel investor and advisor. 

Founder of /thedailygwei.

maxxing on /morpho 🦋 | pursuing a higher self w /higher-athletics | consistently curious

My friend asked me the other day if he can take a collateralized debt position with his self custodied Bitcoin into a stablecoin to pay for a mortgage, without relying on a centralized exchange or incurring a taxable event. I don't think there is? Best advice is swap it for a wrapped BTC token on Ethereum and do a CDP there, but that's a taxable event.

I don't believe the L2's being built on bitcoin have the necessary security properties to actually garner substantial liquidity (the bridges are only secured in one direction, not both afaik—more like bridged sidechains than rollups). I think it will take more substantial upgrades for BTC to become a viable protocol for interesting activity.

Plus ultimately I don't think there's a better design for rollups DA than a kind of blobs+DAS (ethereum, eigen, celestia, etc).

Would be neat if the Bitcoin core devs pivoted into this world though. Just so hard to imagine given their priorities of ossification.