ethereum has a trillion dollar problem nobody wants to discuss$300b market cap securing $1t in stablecoins breaks basic proof of stake economics. pajke called it: the math doesn't workcircle and tether might need to become ethereum's largest holders just to keep the chain functional. imagine explaining that dependency to regulatorstether alone added $20b on tron this year. jpmorgan sees $500b stablecoins by 2028. eth market cap isn't keeping pacethe "decentralized computer" requiring centralized stablecoin ...

This got spicy. Fun one.The Rollup (@therollupco):NEW EP: Haseeb Qureshi on Proof Of Stake, Revenue, and StablecoinsIn today's episode from our @Permissionless series, @ayyyeandy and @robbie_rollup sit down with @hosseeb to explore:> Why Nominal Yields Don't Beat Real Inflation> How Stablecoins Are Quietly Reshaping https://t.co/Akap7jOnZE ...

RT The Rollup (@therollupco)NEW EP: Hasseb Qureshi on Proof Of Stake, Revenue, and StablecoinsIn today's episode from our @Permissionless series, @ayyyeandy and @robbie_rollup sit down with @hosseeb to explore:> Why Nominal Yields Don't Beat Real Inflation> How Stablecoins Are Quietly Reshaping Payments> Investing at Intersection of Crypto and TradFi> Haseeb’s Bullish & Bearish Takes> Growth vs Revenue InvestingFull episode links below.Timestamps00:00 Intro00:46 Magic Ad01:13 Starknet Ad01:37 Nominal Yields ...

Two market realities are abundantly clear to me right now:1. The speculation you'd usually expect in "alts" or onchain is happening on the stock market. There are more ways than ever to express a 'bullish crypto' view. Bitcoin treasury companies, Circle, Coinbase, Robinhood and others are attracting a ton of speculative flows. This will continue, but it will leak down into tokens faster than the naysayers will make you think.2. Our recent industry discourse around proof of stake is moreso a result of horrid ...

RT Sreeram Kannan (@sreeramkannan)Debunking economic security myths.Self-enforcing vs committee chains (Libra?).Myth 1) Economic security is a meme because "delegation" implies we anyway only have a non-staked committee and thus no security. But delegation in the presence of slashing means - you chose your operator carefully - otherwise you will get slashed. So in fact the reasoning is totally misplaced.Myth 2) Economic security is a meme because forking can solve all problems. Forking a blockchain takes ti ...

RT Omid Malekan 🧙🏽‍♂️ (@malekanoms)Hosseeb is correct in his conclusion that staking yields should be on the low end, mostly because slashing is either rare or on a chain like Solana non-existent. It never makes sense to pay high interest on an activity with no risk and slight liquidity disruptions.My sense is most of the newer chains that started with high emission rates did so because a)Bitcoin's curve was the default and b)They wanted grifty tokenomics that rewarded insiders (see TIA et al).But we should ...

RT The Rollup (@therollupco)We asked @hosseeb of @dragonfly_xyz if he thinks the top of proof of stake is in."We're probably going downhill from here.""Staking mania was definitely a little bit of an illusion.""This idea that you're paying for security is kind of a meme.""This kind of economic fiction, I think, had to go away at some point." ...