sassal.eth/acc 🦇🔊
@sassal0x
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Independent Ethereum educator, angel investor and advisor. Founder of @thedailygwei ⛽ Follow me on Farcaster:
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Joined June 2011
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Crypto sentiment is at all time lows
Funny enough, this seems like the perfect environment for the market to bottom and pump out of
Not saying it's gonna happen, but if it did I wouldn't be surprised
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Gary Gensler getting grilled on whether he thinks ETH is a security or commodity
Enjoy
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I have just landed in the Bahamas
Bitboy and I are commencing 'Operation Find Bankman'
The raid on SBF's hideout will be livestreamed
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Stop "experimenting" with ponzis, algostables, yield farming and other unsustainable nonsense.
Start experimenting with public goods funding, governance/DAOs, decentralized identity/reputation, regenerative finance and privacy tools.
This is the gwei.
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If you survived Terra, 3ac, FTX, Celsius, Voyager, BlockFi and everything else this year...
Congrats, you're now a crypto og
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The first dapp went live on Cardano today and ADA fanboys are finally discovering that you can't peer review your way out of fundamental issues.
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Visa just announced that they are building an Ethereum-based layer 2 payment channel network.
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The Goerli testnet has been successfully merged and is now a full Proof of Stake chain.
Next up is (finally) the Ethereum mainnet!!
The Merge is coming 🐼
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Visa is not using your favorite Ethereum killer.
Visa is using Ethereum.
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Last bear market, ETH dropped 94% from its all time high of $1420 to $80
If that were to happen again then ETH would go from its last all time high of $4900 to $294
Buckle up
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The only people left on crypto twitter at this point are the 2019/2020 crew with a few 2021 stragglers
We're home fam
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EIP-1559 is tentatively scheduled to be deployed onto the Ethereum mainnet on July 14th 2021 🔥
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sassal.eth now blocked from using the official Aave front-end because someone sent 0.1 ETH to my address via Tornado Cash 🫡
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The SEC misses one of the biggest frauds in history - FTX/Alameda
Gary Gensler cozies up to the head of that fraud - SBF
And then the SEC goes after the most legitimate company in crypto - Coinbase
Yes yes very normal and totally rational
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FTX's new CEO, John J. Ray, III, was the lawyer brought on to clean up Enron
The entertainment just never stops in crypto
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At least on Cardano only 1 liquidation can happen per block
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The real winner of the Bitcoin Miami conference is Ethereum.
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The Merge, summarized:
- The Ethereum network will be full Proof of Stake
- 99.98% energy use reduction
- 80-90% ETH issuance reduction
- Staked ETH APY increases
- ETH becomes net deflationary
- No new ETH enters circulation until at least 6mo's after
You don't own enough ETH.
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Things Gary Gensler has not protected retail investors from:
- Terra
- FTX
- BlockFi
- Celsius
- Voyager
- HodlNaut
- Grayscale's products
- Countless influencer scams
Things Gary Gensler has protected retail investors from:
- Making money
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Peter Thiel invested $500,000 into FB for a 10.2% stake in 2004.
In 2012, Peter cashed out over $1bil worth of FB shares resulting in a ~200,000% ROI.
Crypto returns are only absurd to retail investors because they aren't normally able to fund early-stage ventures.
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I spent the last 4yrs fighting lies, misinfo & toxicity around Ethereum.
Unfortunately it has now caught up with me & taken an extreme toll on my mental health.
So for now, my twitter watch has ended, but I hope the many awesome Ethereans can pick up where I'm leaving off.
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EIP-1559 has been accepted into the London hard fork for Ethereum which is tentatively scheduled for deployment in July of 2021.
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You think this is pain?
$1400 to $80 ETH was pain - 94% down in less than a year - and plenty of us held through it and came back stronger.
Bring on the real pain - we're used to it.
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Gensler is LITERALLY shaking when asked if he thinks ETH is a commodity or security
Amazing
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Tornado Cash dev arrested
Do Kwon still free and doing media interviews
The world is a silly place
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Ethereum is the greatest invention since the internet.
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276 days ago someone put 10 ETH into SHIB and now it's worth $460 million.
How's your life going?
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Ethereum's Ropsten testnet will perform The Merge transition on approximately June 8th!
The Merge is coming 🐼
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I'm really glad that the regulators sanctioned Tornado Cash, cozied up to SBF and focused on killing DeFi instead of putting in guardrails to potentially prevent the FTX collapse
I feel very protected as an investor right now
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dYdX is an Ethereum layer 2 DEX doing more volume than Coinbase.
It's probably nothing.
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If you're scared now just wait until ETH goes below 2k and BTC goes below 30k
That's when the fun really begins
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The 4th shadow fork of the Ethereum mainnet was a success!
The Merge is coming 🐼
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Do Kwon was able to get Terra 2.0 together in a matter of weeks so why has it taken like 5+ years for Ethereum 2.0 to come out?
Can Vitalik do something?
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PayPal just announced that they are launching a USD stablecoin, called PYUSD, as an ERC20 token on the Ethereum network
Ethereum is slowly but surely becoming a global settlement layer for all types of value
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A lot of people are learning about the USDC blacklist function today.
To clear things up: Circle (the issuer of USDC) can freeze USDC in any address at any time for whatever reason.
This is the risk of using centralized stablecoins - just like using any centralized service.
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ETH is now down 68.1% from its all time high
It can only go down another 31.9% from here
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Web3 has given people 5, 6 and even 7 figure airdrops
Web2 has given people personalized ads
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My dog Buddy passed away on Sunday and his passing is why I've been quiet this week (and not doing
@thedailygwei
Refuel episodes).
Buddy was like a child for my fiancée and I so losing him has left a really big hole in our hearts - he was our best boy 🙏
RIP Buddy ❤️
2007-2024
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@yaffebellany
Why would you write a puff piece about the biggest scammer in crypto's history? Like what was the logic here exactly? Is it because he's a large democrat donor and NYT is left-leaning?
Absolutely shameful "journalism"
Delete your account
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Just remember: 94% down from ETH's all time high of $4900 is $300
There is plenty of room left to fall
Strap in
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So FTX was a sex cult run by like 10 people who yolo'd everyone's money into degenerative gambling activities until it went to 0?
What
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I've been in crypto for quite a while - from 2013 to 2017 on and off and then from 2017 to today being completely obsessed with Ethereum.
I can say with full confidence that this is, by far, the weirdest bull market crypto has ever had.
Not only does it seem like the 4 year…
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Cardano is the biggest joke in crypto.
Its very existence is an insult to this industry.
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Retail investors are buying Ethereum Classic because they think it's a cheaper version of Ethereum
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It took me 3 crypto cycles to "make it"
2013 - bought BTC, rekt myself trading, sold in 2014 b/c I thought it was dead
2017 - bought ETH, rode it up, sold 0, stayed for the bear (bought more)
2020/21 - investments finally paid off
Crypto investing is a marathon; not a sprint
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It's December 2023.
$ETH is approaching $100k, L2's are processing trillions of txs per day, a portrait of an alien punk has taken the Mona Lisa's spot at the Louvre, Vitalik has uploaded his consciousness to Ethereum & Cardano still doesn't have smart contracts.
Life is good.
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Regulators are gonna turbo fuck us over this, aren't they?
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Just spoke to the CEO of Ethereum
He said the gas fees will be fixed tomorrow
You're welcome
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The Berlin network upgrade for Ethereum is now live 🇩🇪
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I'm 29 years old and I can't remember a single time in my life when I was happier than I am today.
Thank you Ethereum for giving me a purpose.
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Ethereum will scale.
Then $ETH will head to $10,000 (and beyond).
It is programmed.
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The real psyop was 3ac convincing everyone that they were some mega rich giga fund that won on every trade
In reality, they just borrowed everyone's money, went degen long and blew themselves up in the process
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Vitalik is in Argentina trying to make the world a better place
Jack is on Twitter spreading bullshit
They are not the same
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I want to be very clear on this:
If the Ethereum base-layer ends up engaging in *permanent* censorship then I will consider the Ethereum experiment a failure and I will move on.
Thankfully, I believe the Ethereum community is strong enough to fight off base-layer censorship.
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SEC can't classify anything a security
BTC ETFs get approved
Recession ends up being avoided
Rate rises finish up
Inflation keeps going down
We're so fucking back
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The genuine surprise is what gets me
These people are so stuck in their Bitcoin maximalist echo chamber that they can't even fathom the idea of their peers owning ETH
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I think we could see ETH at $14 within the next 12 months
1. Heading into a recession worse than 2008
2. SEC has declared war on crypto
3. Russia-Ukraine war escalation
While scary, I view it as a generational buying opportunity
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Sign-In with Ethereum is going to change the entire internet
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The Dencun upgrade is now live on the Ethereum mainnet bringing with it a host of EIPs including the beloved EIP-4844!
The blobs are here and a new era of Ethereum scalability has begun!
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The Ethereum mainnet merge has been tentatively scheduled for around September 15th/16th.
The Merge is coming 🐼
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Aight I'm gonna clear this up for ya'll real quick
BlockFi, Celsius and other similar platforms are *not* decentralized finance - they are centralized finance services that may utilize DeFi protocols in order to generate yield for their customers
Stop calling them DeFi
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I seriously can't look away from the LUNA and UST charts
Some of the craziest shit I've ever seen in crypto
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Unpopular opinion: no one is buying crypto right now to hedge against bank failures
They are buying crypto because they think other people are buying crypto to hedge against bank failures
Mistaking narratives for reality is how you become exit liquidity
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GameStop are building NFTs are on Ethereum.
Enough said.
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Gensler needs to resign immediately
Binance wants Gary Gensler to recuse himself from SEC lawsuit
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ETH and BTC pumping on news that Peter Schiff got liquidated due to the massive gold dump
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Uniswap v3 launches on the Ethereum mainnet in 8 days (May 5th).
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Once EIP-1559 is implemented, every single transaction on Ethereum will burn $ETH.
Every liquidation, every ETH transfer, every layer 2 proof, every DEX trade, and even every rug pull - it doesn't matter what the transaction is - ETH will continue being burned.
Forever.
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If you put $10,000 into LUNA a week ago it's now worth $20
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Bear catalysts:
- Genesis declares bankruptcy
- Grayscale GBTC and ETHE forced to dissolve
- DeFi banned in the U.S
- ETH declared a security
- Infinite mint bug exploited on Bitcoin
- Satoshi wallets start selling BTC
Bull catalysts:
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Ya'll are aware that $ETH CME futures launches on Monday, right?
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Here's how I see the whole SEC thing:
I don't think Gary Gensler really gives a shit about crypto either way - he just sees it as a very easy target to go after to achieve his own goals.
What are his goals? To get promoted to the Treasury Department (specifically to take Janet…
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