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William Mougayar

@wmougayar

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William Mougayar pfp
William Mougayar
@wmougayar
I don’t do those.
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William Mougayar pfp
William Mougayar
@wmougayar
Velocity vs. Store of Value: In economic terms: • High velocity assets act as currencies, liquid, circulating, driving activity. • Low velocity assets behave like stores of value, held, hoarded, signaling trust or future speculation. ETH is unique in balancing both: It’s locked in staking and long-term positions (like gold), while also flowing actively through apps and protocols (like cash in an open economy). This dual nature makes ETH not just a token, but the beating heart of a modular, programmable global financial system.
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William Mougayar
@wmougayar
3. Medium of Exchange & Collateral • ETH powers the network as gas for every transaction or contract execution. • It’s widely used as a base layer of collateral, not just in DeFi but in protocol-level mechanics. • ETH facilitates cross-chain bridging and settlement, proving its versatility as a cross-domain currency.
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William Mougayar
@wmougayar
Why It Matters: • High Velocity ETH = A productive Ethereum. ETH is circulating across apps, users, and protocols, driving transaction fees, utility, and value creation. This is the foundation of Ethereum’s real economic throughput. • Low Velocity ETH = ETH is being hoarded, staked, or parked. While this signals confidence in Ethereum’s long-term value and reduces available supply, it may imply reduced short-term utility and fewer touchpoints for economic interaction. Both dynamics matter, and the balance between them reveals Ethereum’s multi-dimensional role in the crypto economy.
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William Mougayar
@wmougayar
Ethereum-specific Interpretations: 1. L1 & L2 Activity • ETH flows from Ethereum Layer 1 to Layer 2s (like Arbitrum, Optimism, Base) to benefit from lower fees and faster speeds. • These L2s pay ETH back to L1 to settle transactions and maintain security—fueling Ethereum’s economic gravity. • Users bridge ETH across rollups or chains to participate in apps, liquidity pools, or yield strategies—each move reinforcing ETH’s utility across layers. 2. Usage Across Sectors ETH is the common denominator across Ethereum’s economic verticals: • DeFi: Used as collateral, traded in liquidity pools, or lent and borrowed in protocols like Aave and Maker. • Stablecoins: Many are minted or redeemed using ETH, and ETH often serves as a trading or collateral pair. • NFTs: ETH is used to buy, sell, and pay royalties for NFTs—creating cultural and financial flows. • RWAs: Tokenized assets like real estate or T-bills settle in ETH, embedding it into real-world financial rails.
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William Mougayar pfp
William Mougayar
@wmougayar
Understanding the Velocity of ETH and how the speed and flow of Ether's movement reveals the network's economic health. Core Idea: The Velocity of ETH measures how frequently ETH moves within the Ethereum ecosystem, whether it’s being transferred, used in smart contracts, paid as gas, staked, or exchanged across layers. It reflects not just how much ETH exists, but how alive it is within the network’s economic circulatory system. Just like in traditional economics where currency velocity measures how often money changes hands, ETH velocity captures Ethereum’s real economic activity. It’s a crucial metric for understanding the health and dynamism of the network.
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William Mougayar pfp
William Mougayar
@wmougayar
So you were the culprit causing all the traffic getting into the city 😃. Kidding aside, a very valuable cause, but did they really need to close the DVP, Lakeshore And Gardiner all 3 main arteries? Couldn’t this have been planned differently?
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William Mougayar pfp
William Mougayar
@wmougayar
👋. I always find bugs.
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William Mougayar
@wmougayar
In Defense of Chain Neutrality The Uncompromising Core vs. The Illusion of Decentralization Degrees
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William Mougayar
@wmougayar
Ratifying @procoin governance
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William Mougayar
@wmougayar
21 minutes. #2120. Shows the clip at ~100 per minute.
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William Mougayar
@wmougayar
Weird. That whole stretch as you get to downtown with buildings left and right of the Gardner is so badly planned and ugly. It’s a shame what they keep allowing. Of course you get this in other crowded cities, but that doesn’t fit Toronto.
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William Mougayar
@wmougayar
Isn’t a one-way glass?
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William Mougayar pfp
William Mougayar
@wmougayar
I took the bait @dwr.eth 🤷‍♂️. ✅ 120💰 Pro*pulsing @farcaster ahead.
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William Mougayar
@wmougayar
Getting beans at ECS Coffee Toronto https://wyat.live/reviews/cd0ad309-0f80-4b33-9248-b27621e982d3
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William Mougayar pfp
William Mougayar
@wmougayar
Tipping is not a business model. If it were, restaurants would open where you don’t pay, but only tip. Exchanging value p2p is a biz model and tipping could be part of it.
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William Mougayar pfp
William Mougayar
@wmougayar
💯
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William Mougayar pfp
William Mougayar
@wmougayar
The Jazz Club at Aman New York Last evening w Marcus G Miller was fantastic. https://wyat.live/reviews/3bde4881-93d6-415b-b57b-a0b33a6e7b99
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William Mougayar pfp
William Mougayar
@wmougayar
Post it on @wyat
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William Mougayar pfp
William Mougayar
@wmougayar
If your primary goal is maximizing bandwidth and minimizing latency, you’re likely building a networked database, not a blockchain. That’s because bandwidth and latency aren’t core blockchain foundational facets. While speed and scalability do matter, they are secondary to deeper mechanism related principles that define blockchains and their applications focus. Trying to use blockchains to replace databases means you’ll end up bloating throughput and manufacturing a bandwidth/latency problem that didn’t need to exist, chasing performance instead of prioritizing credibly neutral decentralization. And you will face brutal competition from the world’s best companies in this space: Oracle, Amazon, Red Hat and Microsoft, to name a few. Distributed databases have long delivered faster, cheaper transaction with the help of central coordination. That’s not what blockchains are for.
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