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Setus 🎩🟣

@setus

47 Following
176 Followers
Setus 🎩🟣 pfp
Setus 🎩🟣
@setus
So I have friends now quite happy with their BTC purchases earlier this year, and others asking. Coinbase app topping the app store. Crypto in the news. Time to DCA out?
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I just won 730 $DEGEN in Gate of Degen! @degengate
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The current biggest hurdle to overcome for the corporate use of blockchain is privacy. Until companies can transact without revealing sensitive data to competitors, they will be reluctant to do so. ZK proofs and other privacy tech show a promising way forward. Vitalik’s post on “The Splurge” also has very promising insights
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@setus
Good afternoon community! Quick intro on my side: I am a web 3.0 buidler, currently working to bring this technology to the corporate world, in order to drive measurable results that go beyond the usual hype. I turn ideas into business cases
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Lot’s if price action casts lately. Let’s not forget to buidl!
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Can’t wait to see how the end of 2024 and 2025 change the crypto space once USA is favorable towards the industry. Great things coming!
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@setus
Just read the latest article by Vitalik on The Purge. Great to see the team effort involved in making Ethereum future-proof!
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@setus
Some huge moves in Polymarket in favor of Trump. If he wins, it could be quite positive for crypto globally, as the governmental position of the US towards crypto would change radically
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Is unichain good or bad for ETH? Any takes? My perception is that it should ease cross-chain swaps, although there will still be transactionality in each chain doing swaps, including ethereum mainnet
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Cool setup in Merge Madrid!
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Anyone going to Merge Madrid? I will be there next Wednesday and Thursday!
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@setus
I finally figured out how to use Moxie through airstack.xyz and got some fan tokens for Farcaster and Cryptoplaza. Let’s see how that goes!
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@setus
I see a lot of negative comment lately around ETH, indicating that L1s are more interesting than L2s due to their tokens being linked to their community and incentivizing engagement. I believe hype is useful short term, but long term you need utility, and ETH's decentralization is a huge utility.
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Anyone going to ECB Barcelona?
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If you have restaked ETH the last few months in Eigen Layer you can claim a new airdrop: https://claims.eigenfoundation.org/
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@setus
I just listened to @bankless’s podcast “Where’s the ETH bottom”, which had very interesting takes on how ETH/BTC and ETH/USD is following similar patterns to previous cycles, and that the bearish trend should reverse by end of the year. I agree with this, as the last weeks ETH sentiment has been very bearish, which can generally indicate a bottom. All the things that are being criticized have been known for years, so I would argue that everything is going to plan, as per the Ethereum Roadmap. We just need some great apps to drive adoption and should see an interesting 2025!
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@setus
So ETH is now performing quite badly, with people saying that fees got too low and the asset is wrecked. Before Dencun, we all knew this was going to happen, and reasoned that low fees were necessary for higher adoption, and that the loss in fees would be compensated by the monetary value of ETH across the L2 ecosystem. I still think this is the case, but that it will require some time to happen. In the short term, it looks like we will have to be resilient against the negativity of the market, and wait for adoption to keep growing, while issues like UX and interoperability/ liquidity fragmentation get fixed (which I believe they will). Once this happens, ETH should become the go-to digital asset for anyone betting on the future of the internet.
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Just joined the Crypto Plaza guild. Continuing my brave quest to explore all corners of web3! guild.xyz/crypto-plaza
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A reflexion after reading Peter Schiff’s thoughts on bitcoin vs gold: By tokenizing gold, it gains the advantages of bitcoin or any token in terms of portability, divisibility, transaction speed, etc., while also maintaining the benefits it already had as gold in terms of industrial use, scarcity, and it’s history as a store of value, which according to Schiff makes gold the ultimate store of value asset. The only drawback I see is that the custody of the physical gold backing the token will always be centralized, which is a potential point of failure, compared to bitcoin, which has absolute decentralization. Thoughts on this?
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10 Moxie Passes available — mint yours to get access to Moxie, use Farcaster Fan Tokens, and more! cc @betashop.eth @airstack.eth
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