Ethereum
Discussions about Ethereum.
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An Etherpunk’s Manifesto
Autonomy is necessary for an open world in the networked age. Autonomy is not isolation. A sovereign individual is one who chooses when and how to connect, not one who never connects. Autonomy is the power to selectively coordinate.
When two addresses interact, each retains a record on-chain. Each can verify the transaction forever; how could anyone prevent it? One could legislate, but code precedes law. In Ethereum, speech is computation, and computation is speech. We seek not to restrict it. If many agents transact in the same mempool, each observes the others and aggregates knowledge of flows and patterns. The power of blockchains has enabled such collective memory, and it will not vanish because we wish it to.
Since we desire autonomy, we must ensure each participant knows only what is essential. Since all state is public by default, we must reveal as little as possible. Identity is rarely required. When I swap tokens, sign a message, or deploy a contract, the chain need not know who I am—only that I have the key. When my identity is baked into the mechanism itself, I have no sovereignty. I cannot reveal myself selectively; I must reveal myself always.
Therefore, autonomy in an open world requires private computation. Until now, cash was the primitive. On Ethereum, privacy is programmable. A private system is not a secret system. It empowers individuals to reveal their identity only when they choose; this is the essence of autonomy.
Autonomy in an open world also requires cryptography. If I sign something, I intend it for those who can verify it. If my transactions are legible to the world, I have no agency. To encrypt is to assert consent. To sign is to assert authorship. Together, they define presence without exposure.
We cannot expect states or corporations to grant us autonomy out of grace. Their incentive is surveillance. Information extraction is their business. Information not only wants to be free—it wants to be final. It settles faster than rumor, consumes bandwidth, and forgets context.
We must defend our own sovereignty if we expect to have any. We must create systems that preserve privacy and composability alike. Humans once relied on whispers, masks, letters, and cash. The technologies of the past offered weak anonymity. The technologies of Ethereum offer strong pseudonymity.
We the Etherpunks are dedicated to building permissionless systems. We defend autonomy with cryptography, zero-knowledge proofs, private transactions, and unstoppable code.
Etherpunks write contracts. We know code is the only law that lasts. We publish so others may fork, remix, and build upon it. Our code is free, verifiable, and immortal. We don’t seek approval. We know that deployed code cannot be undeployed, and that decentralized systems cannot be censored.
Etherpunks reject regulation of mathematics. Encryption is an act of freedom. Signing is an act of existence. Law can reach only as far as its borders, but Ethereum has none. Cryptography will proliferate, and with it the autonomy it enables.
For autonomy to endure, it must be practiced collectively. People must deploy, maintain, and use these systems together. Autonomy expands only as far as the network that upholds it. We the Etherpunks invite questions and critique, but not permission.
The Etherpunks are actively engaged in making the network sovereign.
Let us continue to build.
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🚀 Daily Crypto News Recap🌐
What a day for crypto! Regulatory breakthroughs, massive airdrops, and institutional adoption are driving the market.
🏛️ Regulatory & Institutional Integration
The crypto world is becoming "woven into the fabric" of traditional finance.
🔯Fed & Crypto Firms: Federal Reserve Governor Christopher Waller proposed "skinny master accounts" to give eligible crypto firms direct access to Fed payment rails, a major policy shift.
🔯Legislation Push: Senator Cynthia Lummis called October 22 a "big day in Washington for digital asset market structure," as Coinbase CEO Brian Armstrong and other key figures met with lawmakers to advance legislation.
🔯Global Adoption: Russia agreed to legalize cryptocurrency for foreign trade settlements, opening new pathways for cross-border transactions.
🔯Prediction Markets Go Mainstream: The NHL signed multi-year licensing deals with crypto prediction platforms Kalshi and Polymarket, a move that puts pressure on traditional sportsbooks. This highlights the growing institutional interest in crypto prediction markets.
🔯Hong Kong's Solana ETF: Hong Kong's securities regulator approved the first Solana ETF, a significant step for crypto investment products in Asia.
💰 Market Movements & Key Metrics
The total crypto market cap stands at approximately $3.75 trillion.
🔯Bitcoin Volatility: Bitcoin briefly dropped below $108,000 after peaking near $114,000 following the Fed news, but recovered slightly to trade around $108,200. The Fear & Greed Index for Bitcoin is at 25, indicating fear.
🔯Options Outpace Futures: Bitcoin options open interest has surpassed futures by $40 billion, signaling increased market maturity and a shift toward options trading for hedging and speculation.
Whales Shift to ETFs: Some Bitcoin whales are converting their BTC holdings into spot Bitcoin ETF shares, citing increased liquidity and easier access to crypto exposure.
🔯Top Performers: Zcash (ZEC) was a top performer, rising 10%. Other tokens like SUI (+8.1%) and LINK (+7.78%) also posted notable daily gains.
🎁 Airdrop Mania & Ecosystem Growth
Airdrop strategies are evolving, with projects competing for user engagement.
🔯Monad's "True Airdrop": Monad ($MON) is generating excitement by sending tokens directly to eligible wallets without requiring claims, with registration open until November 3rd.
🔯Limitless Launch: Limitless ($LMTS) launched its token with airdrop claims now live, with users reporting substantial rewards.
🔯BNB Chain Airdrop: BNB Chain and Four Meme completed the second batch of a $45 million Reload Airdrop, distributing over $15.5 million to nearly 80,000 memecoin traders.
🔯Wallchain Rewards: @wallchain "Quacks" reward system is gaining traction, allowing users to earn tokens for creating crypto content based on their "X Score" influence metrics.
🔯Stablecoins vs. Bitcoin:
Stablecoins are becoming the most-used digital currency globally, with their 24-hour volume ($146B) more than doubling Bitcoin’s ($63.8B) on October 6, highlighting their transactional dominance. 0 reply
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