Cooki's Corner
A safe space for Cooki to rant and rave
@cooki
The subset of people who have (a) the skillset to identify these errors, (b) the time and effort, and (c) for whom 200K is meaningful is vanishingly small
Even if you satisfy (a) and (c), you probably don't have (b). That is, if you're a good dev without much money the optimal risk/reward for your effort is to either start a company or join one, either way you just lost (b). Put differently, it's just not worth the opportunity cost of spending weeks pouring over a seemingly battle-tested five-year-old protocol to maybe (**maybe**) get a slice of 200K.
If, however, you have (a), but not (c), then you might have (b). In which case you're a good dev who's already rich with plenty of time on their hands. Well now 200K isn't that meaningful, and so if you're going to spend the requisite time to identify a bug like this you might think to yourself "hmmm, why should I take the 200K when I can have 9M instead? 200K doesn't move the needle, but 9M does."
https://x.com/banteg/status/1995803682760269959
1 reply
0 recast
1 reaction
0 reply
0 recast
1 reaction
@cooki
By the end of 2025 Ethereum will have doubled it's L1 throughput (block gas limit from 30 -> 60M), and more than 10x'd it's L2 blob capacity with two hard forks
A few more years of shipping like this and maybe it will hold above 4k 🤞 🤪
https://x.com/sassal0x/status/1993517759528157580
0 reply
0 recast
1 reaction
@cooki
"Proof of Stake is fine bro, if any actor started to acquire a meaningful amount of the total supply to influence consensus the price would pump so hard they'd be unable to continue"
*Public company in the U.S. loudly acquires 3% of the network and the price is negative year over year*
hmmmm...
https://x.com/fabdarice/status/1992979186512986607
1 reply
0 recast
0 reaction
@cooki
Nah fuck Bitcoin - you don't get to wilfully stagnate for a decade while sanctimoniously shitting on everyone else and still receive my sympathy when the wheels start to fall off
https://x.com/fede_intern/status/1990662287900688715
0 reply
0 recast
2 reactions
@cooki
Surprised to see that "Ethereum should be more rent-seeking" is still an opinion held by some
adoption + network effects >>> fee revenue
https://x.com/koeppelmann/status/1989761109428244981
0 reply
0 recast
3 reactions
@cooki
"ETH outperforms in the bear market" was a brief, and I suspect entirely forgotten, narrative in '22 - I wonder if it comes back in '26?
0 reply
0 recast
0 reaction
0 reply
1 recast
2 reactions