shituozheng185

@shituozheng

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https://farcaster.xyz/frametheglobe/0x96ff8261

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Timeline of UK-Israel tensions 19 May: UK, France and Canada denounce expanded Israeli offensive on Gaza and continuing blockade, warn of "concrete" response; Israeli PM calls move a "huge prize" for Hamas 20 May: UK suspends free trade talks with Israel, sanctions settlers, and summons Israel's ambassador; Israel foreign ministry calls move "regrettable" 22 May: Israeli PM links criticism of Israel by leaders of UK, France and Canada to deadly shooting of two Israeli embassy staff in Washington DC on 21 May 10 June: UK sanctions Israeli ministers Smotrich and Ben-Gvir for advocating forced displacement of Palestinians from Gaza; Israel's foreign minister calls move "outrageous"

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Good Morning. Happy friends and Tiuesday

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I see beautiful flower !!

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I walk with my son in the county He plays happily

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It would hurt her health if she always use watch! She should be outdoor!

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There are two India at the right?

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We wake early and have breakfast!

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Do you wake early? And have breakfast!

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Good morning I just walk with my friend!

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Good morning, we have breakfast!

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Good morning! Walk with my daughter!

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Good morning! Walk with my wife and son!!

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@gaoyulan Regarding a burn model. Just think of it as a socialized reward to everyone who holds ETH. Inflation is a wealth tax. Burn is the opposite of inflation. For ETH price to grow significantly we just want the network to scale to thousands of blobs per block with very cheap blobs. I read a Vitalik post recently that said if the current (rock bottom) blob prices were maintained as the network scales according to its plan we would be seeing 3% deflation. No other blockchain has a monetary policy that comes close to that. But for that vision to come true we need a lot of adoption. Right now infra is ahead of apps.

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I'm also concerned about the disconnect between the goals of the devs and the goals of the investors. The most valid complaint I've seen is that the EF wants to take no part in an advocacy role in the ecosystem. Bitcoin has no foundation so their ecosystem picks up this role themselves. Solana has the Solana Foundation which takes up this mantle themselves willingly. Ethereum has this kind of void where an advocacy department should be. This makes investors feel deprioritized as all the EF focuses is on is tech.

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can you say more to convince me that ETH's moat is based on some kind of network effect? There is definitely momentum to capital being drawn to other capital. Having capital in a protocol for a long time without hacks is it's own type of proof of security. So when more capital wants to deploy, it chooses the protocol with the best security record. Users may care about a $0.05 transaction fee, but hundreds of billions of dollars of bank deposits coming to the chain or a tokenized securities marketplace won't care about that nearly as much as security. There's also the fact that Ethereum has never once had downtime since inception which can't be said of Solana or Ripple even in the last year.

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I just want to say thank you for coming here in earnest and genuinely wanting to have a good discussion. 9 out of 10 people who come here to ask questions do so in bad faith. I don't really have anything to add since there are a lot of other good replies. Hopefully you got the answers you were looking for!

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I'm also concerned about the disconnect between the goals of the devs and the goals of the investors. The investors of course want the value of the coin to increase (I assume?), but the devs, while they are surely also holders, are also acting to help the consumers of the network, who want the coin to be as close to free as possible. So while dev improvements to improve throughput and reduce transaction fees are great for the users of the network, they are only good for investors if they also result in so much more demand that it offsets the reduction in demand caused by the improvement (implicit in, say, the reduction of fees. Users want to buy as little as possible to get their code executed).

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can you say more to convince me that ETH's moat is based on some kind of network effect? I think the core argument is that decentralization and trustlessness are network effects, and these allow the most users to participate, and I accept this. My concern is that maybe the security only needs to match the level of the transaction, and as such, there's more room for competition from something like say Solana to trade off security for improvements in other dimensions and in the end the users want cheap they don't care about the protocol. What am I missing? (disclosure, I own < $20 worth of SOL)

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