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eric.eth
Ethereum and Cryptopunks OG | ETH is money | Co-Author EIP-1559 | @freysa_ai
eric.eth kirjasi uudelleen
Crypto in 401ks is WAY WAY BIGGER news than the ETFs
In the US, roughly 100 million Americans have a retirement investment vehicle known as a 401(k). Every 2 weeks, a portion of their paychecks are routed directly into purchasing a mixture of stocks and bonds. On autopilot. No discretion, just direct purchases based on their predefined allocations. Most Americans adjust these allocations annually, if at all.
This is a HUGE driver of the equity market run and resilience over the past 20 years. A constant background bid for assets.
In aggregate, this is ~$12T in assets with ~$50B of new capital flowing in every 2 weeks!
At a 1% portfolio allocation to crypto brings $120B in new flows
At a 3% portfolio allocation to crypto brings $360B in new flows
At a 5% portfolio allocation to crypto brings $600B in new flows
and these aren't one time flows. THEY KEEP BUYING ONCE ALLOCATIONS ARE SET.
401ks + DATs w/ at the money shelves put a ridiculous floor of crypto going forward and move the limit from the moon to jupiter.
Strap in 🫡
519,99K
eric.eth kirjasi uudelleen
The Storm conviction is unacceptable in “the crypto capital of the world.” Here are the necessary steps to right this wrong and protect software developers:
1) DOJ must accept the jury’s refusal to convict on money laundering and sanctions, and must not retry the case
2) DOJ must dismiss the Section 1960 charge, or else Roman must be pardoned
3) Congress must amend Section 1960 to clarify that money transmission requires control of funds and does not apply to the developers of non-custodial software
There is no greater threat to crypto than DOJ’s misguided war on developers, which started under Biden and must stop under Trump. This battle may have been lost, but the war will be won.
18,21K
eric.eth kirjasi uudelleen
🤖 New EIP: 0000
By:
- Anders Elowsson (@anderselowsson)
-Vitalik Buterin (@vbuterin)
🔗
EIP-0000 proposes a unified multidimensional fee market for Ethereum transactions, allowing users to specify a single aggregate `max_fee` for multiple resources. This aims to enhance capital efficiency by treating the `max_fee` as fungible across different resource types, thereby simplifying user experience and improving economic efficiency. The proposal also seeks to unify existing fee mechanisms and facilitate future expansions into additional resources.
94,4K
eric.eth kirjasi uudelleen
SEC Commissioner @HesterPeirce delivered an amazing speech today on financial privacy, which included references to Phil Zimmermann’s Pretty Good Privacy (PGP) and Eric Hughes’ A Cypherpunk’s Manifesto.
She stated: “Rather than something to be feared, we should embrace these tools’ ability to help humanity live freer lives without unwarranted financial surveillance. People use these tools for bad purposes too, but treating technology as the villain will impinge on legitimate users’ privacy.”


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