They are doing this because they are losing control and are scared, do not confuse this with strength but for what it is, weakness.There are many significant decentralized initiatives worked on over the past decade that need final polishing to be done and make this all moot

If you're an L1 pivot to L2. Ethereum L2s now 4,400 TPS per day. That's a 20x TPS jump in the last 30 days. L2s are now adding a 200x scaling factor to Ethereum. That spike starting October - that's all @Lighter_xyz. A team that took the time to use the recent zk L2 tech in an appchain people want. The big Zk unlock is just starting to hit Ethereum L2s. Watch for 10k then 100k in the months ahead. Eventually zk will scale L2s scale to millions TPS. Then it will scale the L1 - dropping a @Bankless podcast tomorrow with @drakefjustin on the roadmap to 10k TPS L1. L2s are scaling. L1 is scaling. Ethereum is scaling.

Woke: It's just a coincidence Broke: It’s a simulation Bespoke: I’m getting gangstalked

They wave their CVEs around, create dashboards with tons of red, lobby companies about rust rewrites that end up sucking. Anything but actually send patches.

“these two 7yo made $4T on GloorpFub and basically, you’re fucking stupid” just remember, all these people are trying to psychologically destroy you and everything is marketing and growth and MRR stay locked the fuck in, young followers, and do some shit that matters please

so today marks finally the moment privacy stops being an add-on to Ethereum's mission: it becomes its _core_. But look guys, a commitment alone isn't enough as we all know; we need to deliver, and deliver fast. Sure, you can join the next hype-driven defi-AI-shitcoin project, _or_ you can build something that truly matters; privacy tools/solutions that protect users & preserve freedom for decades to come. If you wanna hear my humble advice: pivot to privacy now, become a Cypherpunk, and help shape the legacy that will safeguard on-chain life for generations, because that project you talk to right now won't probably. Make Ethereum Cypherpunk again!

Something I've noticed that has been somewhat memory holed and never comes up in chats anymore. Reminder: Solana would've collapsed as an ecosystem after the Wormhole bridge hack if not for the $320m bailout by Jump. (Somewhat ironic given the birth of BTC and its ties to bailouts - Study 000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f) Quick tl;dr there was a bridge (Wormhole) that held ETH which was used as the backing asset for a substantial amount of Solana DeFi. Without a bailout, outstanding loans would've had cascading liquidations --> DeFi there would've collapsed without liquidity as we've seen in other chains, and it would've become a VC ghostchain. It is important to note other chains also experienced similar bridge hacks, but unlike Solana, they did not have a high concentration of extremely well funded entities using those chains as their personal retail wealth extraction fiefdoms. Another reminder: "Solana's launch in 2020 allocated ~93% of its initial SOL supply to insiders, the foundation, and VCs like Alameda Research (pre-FTX collapse), leaving just ~7% for public sale." How do these things go together? Extreme concentration of Solana by institutions raiding retail for profit meant they had the ability, means, and motivation to save their cash cow. I could also go on about the inflation of Solana too as another means by which retail has been expropriated for the benefit of the highly concentrated owners of Solana. Slight tangent: Here's a question, what's the price of Solana today? I'll give it to you: $227. What was the price of Solana Nov 6, 2021? $259. You may say "So what? tokens go up and down." The difference is, what was the market cap of Solana on Nov 6, 2021? $75 billion. What is the Market cap of Solana today? $127 billion. Wait a minute anon, you're telling me the Market Cap is almost double today than it was 4 years ago but the token is worth less? Where did that "wealth" go? 🫵😹 (Attached video unrelated) By the way what did Jump do a few years later? Oh nothing, just during the "Japan trade unwind" they market dumped hundreds of millions of dollars of ETH into thin books on nights and weekends, extremely responsible financial actors. I don't want to pick on Jump here given that they pale in comparison to FTX who were actually malicious actors and also one of the biggest backers/saviors of Solana. I still remember SBF being in the chats of projects I was involved with having privileged information (being invited into those same groups on good faith) and maliciously trying to stop hunt loans to collapse the project (and learning later in hindsight he was using customer funds to do so) something something ySqueeze. (iykyk) Grok: SBF's Vision for Crypto Regulation: Centralized Custody, KYC, and Limiting Self-Custody SBF's regulatory advocacy, often framed through his effective altruism lens, centered on "fixing" crypto by imposing strict oversight to mitigate risks like money laundering, terrorism financing, and existential threats—while positioning FTX as the compliant, centralized hub for trading and custody. He publicly pushed for KYC requirements on DeFi frontends and protocols, arguing that anonymity enabled misuse, and supported bills that would effectively ban or heavily restrict decentralized finance (DeFi) in favor of regulated platforms. This included endorsing frameworks requiring all crypto interactions to route through KYC'd entities, with no room for unmonitored self-custody wallets, which he viewed as vectors for illicit activity. In a now-infamous 2022 Sequoia Capital profile (still online despite the scandal), SBF outlined ambitions to "fix crypto—and everything else," including lobbying for global standards that centralized control under compliant exchanges like FTX. Critics on X, like Balaji Srinivasan, framed this as a push for "controlled crypto" via regulation after FTX's centralization failed, echoing SBF's trial testimony where he admitted donations were to influence policy toward such outcomes. Investigative threads link this to U.S. custody rules like SAB-121, which SBF's model ironically mirrored by consolidating user assets on FTX's balance sheet—now seen as a blueprint for offshoring and government backdoors. Broader X discourse ties SBF's ideas to CBDC rollouts and stablecoin bills mandating freezeable tokens, warning of a future where self-custody is labeled a "security threat" and banned in favor of KYC-only platforms. While SBF's FTX-specific empire collapsed in 2022, his influence lingers in ongoing debates, with some posts speculating his prison access could still enable crypto pumps or policy whispers. tl;dr SBF was using funds laundered through the Solana retail **** machine to bribe US officials (the political party will shock you!) to enshrine FTX as the regulated standard in the United States while also making self custody illegal. Why does any of this matter? Wasn't it good that someone stepped in (I guess I'm not just talking about the Wormhole bailout anymore or am I)? Yeah sure, it also meant that extremely wealthy individuals/bad actors who laugh in your face (see quoted video) about selling their bags (and making themselves wealthier by exploiting retail) got to keep their bags and we almost had a world where those very same Sol wealthy had complete control over crypto regulations (using those bags, like evil Robin Hood) That said, the silver lining here is that the Solana ecosystem never had a forcing function to find a novel way to bring back that liquidity since it was just rewarded back as if nothing happened (memba bailouts bad because you don't change your behavior). Short term good, long term bad? The bad actors let their retail blood harvesting operation continue meaning that retail wealth extraction kept chugging along, You may read this and think I am an ETH maxi but au contraire, I am a decentralization and freedom from authoritarianism maxi, it just so happens given all the written information Solana is diametrically opposed to those things based on the behavior (AND INCENTIVES) of the major Solana holders. (It's also telling one would think ETH Maxi just by a post writing about some brypto history) What's funny is that I initially went to write this as a thread highlighting the novel and retail friendly approach that Andre is pioneering with @flyingtulip_ which is a breath of fresh air and how it will bring liquidity back to the FTM/Sonic ecosystem. For some history, and for anyone unaware @FantomFDN, now @SonicLabs, was also (like Solana) exposed a bridge hack (listen to Vitalik bridges bad!) where $120m was stolen. This wasn't FTM's fault but FTM DeFi projects had big exposure to the bridged assets. (Un)fortunately for Fantom no one backstopped those assets and with the liquidity gone (on what was an organically growing ecosystem) activity fell dramatically. What I find fascinating is that the funding mechanism for Flying Tulip brings back all the liquidity to Sonic and immediately puts it to work in DeFi, with no "downside" for the investor (because the put can be redeemed for the underlying, yes yes something something smart contract risk). No need to convince mercenary liquidity which bridges on and off to stay and no need to overcome the friction of transferring. Now there is a clear mechanism to organically bring economic activity to the Sonic ecosystem. Not a bailout, but a... bail in? Smart way to bring back liquidity while bootstrapping an entire ecosystem/economic activity on a chain which lacked liquidity. There's a reason this didn't come out of the Solana ecosystem if you read anything above. Fin. Source: My brain and Grok (incredible for CT information you know is on X)

>Governments Worldwide force Digital ID >Most Mainstream sites get forced Age Verification >Discord and other sites reassure everyone Digital ID is safe >Discord sends out email saying it got compromised and your Government Information and IP Address got leaked aka doxxed

Discord says a vendor breach exposed user data: names, emails, IP logs, billing info, and even some government IDs. The attacker wanted ransom, but the real story is this: once platforms collect official IDs, the risk is permanent. Governments keep pushing online ID mandates. Every breach shows why that’s a catastrophic idea...

KYC is dangerous

The EU Chat Control proposal would be a catastrophe for Europe. It would seal Europeans behind a new digital Berlin wall, cut off from Signal and other e2e messengers. It's embarrassing and dangerous that it's gotten this close already. Time to bail to back to sanity.

It might be a better net positive to the space if all of these projects engaging in this trash behavior had their wallets hacked and sent to 0. Almost none of you are building anything notable, it's all garbage, investors, devs and yes even the crypto shills holding the $30 bag of tokens. Garbage.

While your favorite projects or contributors are reliant on the crumbs from grants programs other projects are spending $30k-$50k a week on "KOL Marketing". Maybe the North Koreans are right and every single crypto project needs to be sent to 0.