EL

usphoto

https://coinb.in/#newTimeLocked verify : https://coinb.in/?verify=040049dc70b1752103f8e36c8a27fd84e6beac363209cd888f91588031962cb731416e97efee3644ccac#verify this script locks outputs until 01/01/2030 00:00 decoded script : { "asm": "1893484800 OP_CHECKLOCKTIMEVERIFY OP_DROP 03f8e36c8a27fd84e6beac363209cd888f91588031962cb731416e97efee3644cc OP_CHECKSIG", "desc": "raw(040049dc70b1752103f8e36c8a27fd84e6beac363209cd888f91588031962cb731416e97efee3644ccac)#jz4nwrkz", "p2sh": "39ey7Ef5VLkGcN5Xfw3mnJBC3gnjF9EL9G", "segwit": { "address": "bc1qz8yxee5az05jf6f47078g3xr7cj0uarlfrh3aqykmqm6kkf7htqsj9725a", "asm": "0 11c86ce69d13e924e935f3fc7444c3f624fe747f48ef1e8096d837ab593ebac1", "desc": "addr(bc1qz8yxee5az05jf6f47078g3xr7cj0uarlfrh3aqykmqm6kkf7htqsj9725a)#0sk4px2u", "hex": "002011c86ce69d13e924e935f3fc7444c3f624fe747f48ef1e8096d837ab593ebac1", "p2sh-segwit": "32jfZoyG1gURPMKEXvfZRo15otEozG8rAc", "type": "witness_v0_scripthash" }, "type": "nonstandard" } from decoded script you have options to use different addresses. for easier spending use "p2sh": "39ey7Ef5VLkGcN5Xfw3mnJBC3gnjF9EL9G" for less fee use ( will require more complex spending transaction) "segwit": { "address": "bc1qz8yxee5az05jf6f47078g3xr7cj0uarlfrh3aqykmqm6kkf7htqsj9725a",

ChloeNadineRussell

Thanks for the EL, Betty. 

hardcore-self-help

Assuming he does have insider info, why would he give that away for free? And his main edge is his FA, not TA, and not actually a pump and dump group. Not sure if his FA is enough for him to be consistently profitable though. How most pump and dump groups work in this space. The KOL creates a paid group that sometimes profits, othertimes is EL, depending in KOL. The KOL also has a free group, which is definitely EL.

hardcore-self-help

Finally a thoughtful and intelligent response here, which I really appreciate. Yeah you're totally right. The main problem with most paid signal groups is that they give you the alpha for when to buy but never when to sell (usually to make you the EL). Dan says his mastermind gives sell signals too. At least that's what he says, and it's probably right after he sells. This would not work for daytrading small MC meme coins since him selling first will lower the token price and everyone else won't get as good of an exit price. But he focuses on larger MC tokens and does speculative investing where he holds for several months, so the coins aren't as volitile. Because it's more buy & hold/ passive investing, there's not much a learning curve compared to daytrading, which can take years to become profitable. You're right that everyone's risk management strategy is different and unique to their risk tolerance. I'm assuming that's what's causing the big variation in results within his mastermind. Some big winners who became millionaires featured in his testimonials, but these are his top members cherrypicked. I'm facing a lot of knowledge assymetry because from the outside of his mastermind, I don't know the number of losers who haven't made back their $8.5k or worse, have a negative PNL. I agree that daytrading isn't a skill that can be taught by throwing money. You have to put in the time. But his program isn't daytrading, it's longer-term holding. He handholds you by giving you which coin to buy and the timing of when to buy and sell. You essentially have to trust his calls and judgment since you skip the time investment needed to cultivate your own judgment skills. I think that was one of the main sells of his program was to pay money to save time, which is arguably your more important asset. And it'd be a fair business model depending on whether his yearly signals are actually profitable or not.

hardcore-self-help

That's what I said. >The paid group insiders will be profitable or at a loss (also EL) depending on how the KOL sets up his group. Yeah $8.5k is high lol. But I made way costlier mistakes in the previous crypto cycles

hardcore-self-help

>If he could reliably make those returns using his signals, its more profitable 100% of the time to do that instead of selling his secrets to you  Not necessarily. Lets say he finds a good coin to invest in. He buys early. Anyone who buys after him only helps raise the price of the coin so it can't hurt him, only benefits him to share his secret signals. So the most profitable strategy for KOLs in this game is actually to double dip: buy the coin but also sell the signals to your paid group. This is counterintuitive to any other industry with course/ coaching/ community sellers where you can easily rebuttal with: *"If you're so profitable with that biz model, why are you selling the secrets? Which will make you lose your edge and make your competition stronger?"* Usually how these groups are setup is he buys the coin first. Then he lets his paid insider group know. Then he tells his free group and posts on X, and this last group is the exit liquidity. The paid group insiders will be profitable or at a loss (also EL) depending on how the KOL sets up his group. So that's what I'm trying to figure out for this mastermind specifically is whether it's win-win or win-lose for the paid group members.

all_smyles

Yes that is very true. However once it’s all settled, couldn’t governments just decide to make it illegal to own and unusable in order to control people yet again? Genuinely curious. EL Salvador started with what greatness BTC would bring to their country and I’m sure it has, I mean really loving the massive prison system that’s being employed. (No offense I’m sure it’s useful) But!!!!!!!!!!!

Top_Bluejay_9483

I have the same vibe. Mine comes from OTC sales to banks and governments leaving exchange holding as EL.

Top_Bluejay_9483

Yes anyone playing 50x+ leverage probably got liquidated. We appreciate the EL and thank them for their service.

uncapchad

The Big Short guy. Who just went short on the planet, well everything except Estée Lauder $EL.

HSuke

**Updates from Pectra** (from https://ethereumupgrades.com/#eips and [EIP-7600](https://eips.ethereum.org/EIPS/eip-7600)) * **From EOAs to Smart Accounts** * EIP-7702: Set EOA account code → account abstraction for EOAs * **Validator UX Improvements** * EIP-6110: Supply validator deposits on chain → better syncing & efficiency * EIP-7002: Validators can exit via smart contracts → flexible exits * EIP-7251: Raises validator max balance from 32 ETH → automatic compounding * EIP-7549: Move committee index outside attestation * **Blob Scaling** * EIP-7623: Increase calldata cost → improves scalability * EIP-7691: Blob throughput increase → increased L2 scaling * EIP-7840: Add blob schedule to EL config files → improves data portability * **Cryptography & Infra** * EIP-2537: BLS signature support for staking → improves cryptography * EIP-2935: Adds access to historical block hashes → helps L2s/oracles * EIP-7685: EL triggered requests of CL → safer infrastructure

El_Caganer

Bitcoin Beach in EL Salvador

corn-potage

No, Ethereum has at minimum 13000 EL nodes, and 9000 CL nodes. Source: https://ethernodes.org/ Ethereum also has 1.06 million validators: Source: https://beaconcha.in/

A_Dragon

Jesus Christ you’re so fucking dense… I’ll try and EL5 you… First of all your entire base assumption is a false equivalency. You’re assuming it’s the lack of high tax rates on billionaires that are causing the “crisis” we’re in instead of other factors. No, it has to be the fact that we’re not taxing the rich enough, it couldn’t possibly be any plethora of other factors. Secondly my argument uses irrefutable math as its basis, you literally cannot argue with this…so I’ll put on the kid gloves because you don’t seem to be getting it… If a single average billionaire injects more wealth into the economy than you would get if you taxed 100 billionaires 100% (I’m speaking realized wealth here because it’s probably more like 30-40 if I use 100% of their total wealth, and 100 just makes the case that much more obvious) then any policy that you implement that scares even a single billionaire away wouldn’t need to be made up with taxing 100 billionaires 100%…clearly, not sustainable for any economy…Do you now see how utterly absurd your advocacy is? I’ll bet you don’t, because you seem like the type to believe whatever you want to believe no matter what anyone else says.

YaBastaaa

There is nice jail house in EL SALVADOR 🇸🇻 , waiting for them . 😂

SamuelBrault03

I don't know where that girl is but if yall want a risk-free way to get started in crypto id say Pi network is the way. 1 tap a day and you mine crypto on your phone. Now that they have paved the way there are so many projects like it coming up. I have compiled a list with my referral codes for you guys to use! Have you guys heard of Cpen Network? Still early and is set to launch in Q1 of 2026. Early predictions are talking about a starting price of $1. If you started early or late on Pi. Don't miss this chance ************** Cpen Network Referral code: samb03 Other similar projects and referral codes ⬇️⬇️⬇️ Rubi Network: NMJWISJDBJ Bee Network: samb03 BlockDAG x1 miner app: SXUa5k3e Crypto Mayors by ICE Open Network: samb03 Co-met Network: samb03 Hi Network: H0MUA4X3 Dino Network [Polygonscan]: samb03 Krypton Network: samb03 LITCHI Coin: samb03 Qubit Network: samb03 Rabit Network: samb03 Remint: VS3Z4B7X Omega Network: samb03 Unich Trade Crypto [mining]: samb03 Alfa Network: samuel03 Sato Cash: samb03 Delta.kim [Delta Coin] Referrer DID: UU9FVQ4EL20LG Pi Network: SamuelBrault **************** I might add more or remove some in the future. My mindset behind having so many is that with Pi Network breakthrough we now know sky is the limit. Most these projects are fairly new and will have to prove themselves. But in the meantime... let's mine in hope 💯🚀

noBeansHere

I love the buy high sell low ppl. Please never stop. We need EL next phase

Naive_Walk3641

BIAS aside , they are correcte. IMF is lending EL Salvador money and simultaneously EL Salvador is putting this money into very risky and volatile BTC.  This could eventually ( and it happened already back then, but with much smaller amounts) lead to bankruptcy of EL Salvador.  Plus its much harder for IMF to trace the bitcoin.  Read the whole statement not just some MEME. 

Steelurfayce

I would sit on the sidelines for a few days/ weeks considering you’re a total noob. Familiarize yourself with the bullshit that’s happening in the space right now. Lots of shady insider action and scams happening. BTC looking good for now. May be a good buying opportunity if this market dip is followed by a true bull run. Might be the end of this cycle which would make it wise to save that capital till the prices lower more. It’s a wild time it crypto and don’t feel like you have to jump right in. This game is just as much about protecting your money as much as making money. Think if you lose 30% and the effort it would take to get it back. Now look at your current bag and realize you’re up before you even get in. Just my opinion, good luck and don’t become someone’s EL.

GOT_EM22

Lol most people on chain made money. The scrubs who play on exchanges probably lost and was everyone's EL

MinimalGravitas

Rollups are basically just execution sharding in a more decentralized way, where different EL shards can be run by different entities rather than all being designed by the core devs. This means that [if Deutsche Bank need their shard to have compliance with German regulators](https://www.bloomberg.com/news/articles/2024-12-18/deutsche-bank-tries-to-tackle-compliance-hurdles-for-public-blockchains?utm_source=telegram&utm_content=crypto&utm_medium=social) they can build that in, but [if Sony are just using theirs for more creative rather than financial purposes](https://decrypt.co/300589/sony-debuts-soneium-mainnet-advancing-ethereum-layer-2-for-entertainment) it doesn't need to have any of those German banking rules, for example. With regards to assets being inaccessible on different L2s, that is only a temporary issue. Rollups are [already focusing on interoperability](https://gov.optimism.io/t/season-7-intent/9292) and for users, the use of individual L2s is going to abstracted away. The end state will be that [most rollups become based and native](https://www.youtube.com/watch?v=IekfClKumx8), using the same set of Ethereum L1 validators for sequencing, meaning that it will be straightforward to make them almost seamlessly interoperable, with confirmation times to move assets between rollups faster than a single L1 slot (perhaps ~6 seconds to bridge, compared to 12 second L1 blocks). What advantages do you think a sharded L1 would have over this model?

EmperadorKuzko

CIA=Satoshi EL SALVADOR=Saylor

Amber_Sam

Have been promised this about a decade ago already. Heck, the shitcoin scammer [Vitalik has been selling quantum mining at that time](https://medium.com/bitcoinerrorlog/vitaliks-quantum-quest-9e6af6570f23). Here's a good recent quantum post. https://www.reddit.com/r/Bitcoin/s/U86bokn7EL

mrmilkman

https://youtube.com/@erickrowncrypto?si=aIdh0NnEflnW8ycV https://youtube.com/@mitchrayta?si=vo4wVf1T4EL8KBxy Best I've found

Ypres

USA has 100K bitcoin, which is like 10B, which is much more than EL Salvador.

SmoothGoing

https://www.reddit.com/r/Bitcoin/s/U86bokn7EL

jarislinus

If u bought in 2021 u are EL

jarislinus

CT is going to get stupid rich dumping on retail. Ty for being EL

Successful_Nail_9807

people dumped their life savings into a crypto based on a sloppy blow job but can’t afford Bitcoin. EL EM EF AYO😂😂😂😂😂

kers2000

[https://imgur.com/a/5EL9FcR](https://imgur.com/a/5EL9FcR) DOGE ready to breakout again. Target is 0.8.

Sunnyjim333

What is sad is when they say BTC cannot be used to buy things and get angry when you show them how. (EL Salvador?) Oh well.

dot-com-rash

No. I've been there. It's just a gimmick or a tourist attraction all in one small area. Bitcoin beach, they call it. But there is very little tech infrastructure. It's basic. EL Salvador is very based in a USA cash society. The locals are living hard in poverty but are reasonably happy. Some bitcoiners or rich folks are immigrating there, which is great for them but drives up prices and pisses off the locals who can only afford to live off their means.

Fit-Poet6736

EL Salvador - the best partner in the world

andarl

You should check how much EL Salvador invested in Bitcoin !! El Salvador has not gambled its entire national wealth on Bitcoin. While the country adopted Bitcoin as legal tender in 2021, its overall economy is still diversified. The government holds a relatively small amount of Bitcoin in comparison to its entire GDP, and traditional revenue streams, such as taxes, tourism, and exports, continue to play significant roles in the nation’s financial system. Additionally, the country still uses the US dollar as its primary currency. Bitcoin is seen as an experiment to boost financial inclusion and attract investment, but it is not the sole foundation of the country’s economy.

Abysskitten

Props to EL. Two years ago, countries, along with the IMF, were bemoaning their choice to start stacking BTC as a reserve. Cut to now, there's so many examples of countries legitimately considering a BTC reserve.

MinimalGravitas

You misunderstand... > So being expensive It's the most expensive to attack, i.e. someone who wanted to post an invalid transaction or enforce hard censorship or whatever would have a higher cost to do so on Ethereum than any other crypto. > a hodgepodge conglomerate of coding languages No, it's about redundancy and resilience. Each client is written in a language (e.g. Geth is written in Go, Nimbus is written in Nim etc). Any pair of CL and EL clients can completely run Ethereum... but rather than a single option like just about every other project, there are about 25 possible pairs of clients that all work fine and can carry the network independently in the event of bugs in other clients. For an analogy, imagine you're going abroad. You take your credit card, have a payment app on your phone, and maybe have some cash as well. Then if you lose your phone you still have a card to pay for things. If your wallet gets stolen you've got some cash back in your room. Does that mean your money is a 'hodgepodge conglomerate', maybe...? But it's also a much more resilient way to manage your travel money. Are you going to pretend not to understand that, or are you going to go ahead and buy that ETH you mentioned above?

DanNotTheMann

I DCA daily too, but not in the same league as EL Salvador.

kurahib

Participate in ASKOBAR's Grand Launch on Intract! 🐝 Follow EL Patron on his quest for meme coin dominance! 🎉 $10,000 ASKO @base rewards up for grabs for 250 winners! 👉 Enter here: bit.ly/GiveawayonIntr… 👉 Discover more on @asko_coin.

inadyttap


Ok-Health8513

No i understand fully that there are people like you that would sell based on their political beliefs. Everyone praised it when EL Salvador started purchasing Bitcoin but now that someone like Trump is bringing up being in favor of it people have an issue thus showing that people mix their political views in with something that is supposed to be free from politics.

Due_Performer5094

Exactly, Germany isnt EL Salvador. It's literally chump change for any developed nation.

brmrush

Guys, I want you to check out this RetardAI. This dev has created a retard ai chatbot which you can chat in telegram group. I'm sure you'll not regret this He2EL8hzZKZEQPZw3TvHCRoBeuh4rQzCBxvv3uCCpump [http://retard.cash](https://t.co/nJIgCBgEAj) [https://x.com/retardai](https://x.com/retardAI) [https://t.me/retardAI](https://t.co/SSsKXLQvwJ) link.tree/retardAI

sanskritsquirel

It does not help that BTC has always been a mixed narrative on what it is and the factions supporting both sides quietly do not acknowledge the latter. Is BTC a growth commodity like you are implying or is it a revolutionary new form of digital fiat? Without knowing how people want to use it, I do not worry what other people do. If everyone did as you believed that it is a long term investment, then really there should be no market as everyone would hold. But with $1 Billion+ being traded every day are half those people dumber than you? There is a posting today about a guy who had some unexpected expenses and needs $4000 asap that he can only acquire by selling some of his BTC. What about the BTC atm's photos that pop up every couple of weeks? Are those people ill-informed? Or the many people of EL Salvador where the country has adopted BTC as a recognized currency to use in their daily lives. I do not know how much traveling you do, but the El Salvadorian standard of living is not as high as the US one. Holding on to their BTC 5 or 6 years COULD be life-changing, but you have to put food on the table. Do you pity them and want to explain hodl to them??

ele_tra_tor

My guys get yur asses in "eledator" to get thru these trying times. Not only could i care less about this dip im up enuff monthly to have quit my job. 10k will get you54 back in 180 days . EL edator. Thank me later boys

RockTheBlockchain

There's serious risk when restaking logic is baked into smart contracts. Smart contracts are one of the most vulnerable links in the chain and often exploited, and the smart contracts that handle EL's restaking are complex AF. They also place a huge burden on Ethereum's social consensus because EL isn't an L1 in itself. On top of all that, governance on EL is handled by a multi-sig with a small number of signers. It's kinda crazy.

Michael__X

It is currency. You can buy goods in designated places. E.g it is legal tender in EL Salvador so you are WRONG. Also multiple places online. Youre just straight up lying and being obtuse. >You’re selling it and exchanging it for money that you then spend. Ive replied saying like three fucking times now explaining you do that with ALL currencies given they're not being spent in their respective state where theyre not accepted as legal tender. Secondly nobody trades stocks on a visa card to buy groceries you're again saying nonsense to add to your non argument. So to some it up I've outlined the places where Bitcoin can be spent. An entire country, Multiple online outlets and a few physical locations here and there. I've already explained what it does in another comment and you're asking definitions of basic words just google if you want more info because I'm annoyed at this point

DanNotTheMann

I'm a BTC maxi but it's going to be a long time until it replaces USD as local medium of exchange for plebs. Try doing a road trip for example in any country around the world, (other than EL Salvador perhaps), and paying for all your daily needs with BTC, (or gold, or silver, for that matter), it's near on impossible. The local currency and/or the USD will be accepted in most countries though.

unsane_sandwiches

7097556EL3 computer file 93

millennialminer

This is a good point, thanks for bringing this up. So the vision is that BTC will be the global reserve currency, at some point in the future, we'll be able to purchase goods and services with BTC like we do with our local currency as of now, ofc not the base layer, mostly L2/lightning, as we see in EL Salvador now. OR The local currencies will be backed by BTC, like how it was during the gold standard. By the time that happens, BTC will probably be adopted by multiple nations, and the price would be over $10M/BTC or more (ofc I could be absolutely wrong). Now, whoever understands hard money and game theory (I am not an expert), will stack as much as possible now, will lower their time preference as much as possible, just live a minimalist life and wait for the game theory to play out, so that once the time comes when we can use BTC as easily as our local currency, we'll do so. There is also another angle to this, that self custody BTC now will also empower an individual where they don't have to be dependent on govts or any central entity completely. Also, no centralized entity will have as much power as they have now as BTC separates money from state control and gives power back to the people. There are many more debatable topics surrounding this, as most people don't understand money and how it has changed forms over the last centuries, how most powerful nations fell due to their leader's diluting hard money for personal gain and greed. I shall stop here.

MinimalGravitas

> One other consideration is that whenever an EIP gets pushed through, I assume it must be implemented through every client before it takes effect? Yea, that's exactly why upgrades take so long. Also testing takes for ever because nodes run 1 of 5 EL clients and 1 of 5 CL clients, so that's 25 possible combinations... and all of them are written in different programming languages, and built by different teams from all over the world... Like you say, the tradeoff for decentralization is the time and effort it takes to coordinate!

MinimalGravitas

> isn't ETH getting more centralized in this manner? Correct me if Im wrong but last I heard geth is now something like 85% share It was at 85% a few weeks ago, but it's falling rapidly and is now down to 72%: https://clientdiversity.org/ This figure should drop quite a bit further as big staking operators like Coinbase have announced they are going to diversify away from Geth as an execution client: https://www.coinbase.com/nl/cloud/discover/insights-analysis/execution-client-diversity Also, it's worth noting that that's only talking about the execution layer ('EL' - which manages transactions). The consensus layer ('CL' - which determines validity and inclusion of proposed blocks) is already much more decentralized, with the most popular client only at about 37%. > (and yes noted all others have 2 or less today) Exactly this, Ethereum's decentralization of clients isn't ideal, but it is infinitely better than every network that relies solely on a single client, built by a single team. Having a single point of failure is exactly the thing which decentralization is supposed to protect against. Once Geth dominance drops below 2/3 that risk will be gone from EL as well as CL.

Secure-Rich3501

Last point makes the most sense. $30 is a lot for third worlders... Second worlders and a small population of first worlders... Apparently the 110,000? And why only 3 million? The chivo wallet with 3.1 score just says over a million downloads. Would be nice to have more accurate numbers... Chain analysis can tell a lot and they probably have ideas of what exchanges might be used by that population? And if the government is giving out Bitcoin maybe they have a greater grasp on the numbers... Again, I don't believe El Salvador has 150 billion worth of bitcoin. I think you're off by 3 zeros. 3,000 * 52,000... Over 150 million... 28.74 billion USD (2021) GDP IN EL SALVADOR

HSuke

While it's true that Ethereum CL failure is not as bad as EL failure, it can lead to reorgs and mass validator slashing. You're not supposed to be making transactions while there's an ongoing CL failure.

Guilty-bnb

EL SALVADOR !! Is once again a beautiful Country for tourists and gang free for the safety of Salvadorians not to mention you can use much of your BTC for your vacations

crazypetealive

Not downplaying your point, but you may want to learn a bit of geography. EL Salvador is Central America not South America.

Fonickz

EL Salvador will forever remain historic in the history of Bitcoin

DiamondNo5743

Bitcoin saved EL Salvador ass. It was a massive risk one I personally wouldn’t have but desperate time call for desperate measures. The biggest problem with bitcoin are all the fees. For a poor country these fees add up and are significant even if to us it’s negligible. A large part of the experiment was to bring crypto adoption to the country and hope to create a new investment lane. In that they have succeeded that are alternative chains that are far cheaper and faster to use for day to day transactions that bitcoin is not suitable for.

BiggusDickus-

Could someone EL5 what actually happened here? Was this person using a hardware wallet and approved a bad transaction? Did this person go to a bogus DEX? For those of us that are pure idiots? What did this guy do wrong?

R4ID

>When people talk about Ethereum having multiple clients they mean there are different options to choose from. CL=Consensus layer client EL= Execution later client. I'm not 100% familiar with all the options/choices but I knew that much at least is their abbreviations. >Does XRP have multiple clients in that way, or did you just mean there are multiple nodes, but all running the same software? They are not all running the same software and there are multiple nodes. (3 nodes to be specific) stock, Hub, and validator. each one has sub category's that do different things, some can specialize others can choose to be broad. They dont all run the same software but it is the same language.

R4ID

The" client" is simply a node with an instance of Eth verifying data and cross referencing the systems rules while securing the network. so for ETh IIRC its the CL and the EL client that do this. The XRP ledger has nodes which run both of these tasks at the same time(and more) namely a stock node. they can act as partial historical nodes, they also broadcast transactions and also listen to new transactions that are broadcasted at the same time. While doing this they also elect validator nodes to represent them on certain matters and relay the data from hub nodes to other clusters. each one of these things is its own "client" because each of them relay data and confirm it against the protocols rules, and vote to keep the networks secure at the same time. https://xrpl.org/blog/2021/xrpl-node-configurator.html

MinimalGravitas

Sure, here's some examples: [This](https://optimism.easscan.org/attestation/view/0x4b653b80b9ea2192acb0d53a78200337b9b07d5b47f8b8dc503802d7499306e7) is the attestation stating that I am a badgeholder for round 3. You can see I recieved it because I was a badgeholder in the previous round. [This](https://optimism.easscan.org/schema/view/0xfdcfdad2dbe7489e0ce56b260348b7f14e8365a8a325aef9834818c00d46b31b) is the general schema for all RetroPGF 3 badges, so you can see everyone who participated. [This](https://optimism.easscan.org/attestation/view/0x86d665bb1b0de56b1b17802fac87bcef2b9e7c925e886610f73692b511afe128) was my first trial version of a 'list' (a way we grouped together applications and suggested allocations for them). You can also see that I revoked this one, showing other participants not to use these recommendations. [This](https://optimism.easscan.org/attestation/view/0xc117d7c35a16ca2816dada0b48debb31abe3320672011bc54d967595cfba2e61) is my second (final) version of the list for EL/CL client teams and relays, which you can see is not revoked. [This](https://optimism.easscan.org/address/0x7899d9b1181cbB427b0b1BE0684C096C260F7474) is my attestation profile, where you can see a couple of other uses we put the system to: giving 'praise' and noting contributions to the co-granting fund (basically donations to boost the amount given to projects recieving grants from Optimism).

seb7mad

How so? It’s a trustless protocol and everything happens on-chain, it doesn’t promise high returns and it certainly doesn’t pay yield using “new investors” money. What exactly about restaking/EL sounds like a ponzi scheme?

Bunny_Baller_888

BTC down right now and whales dumped back in Nov. 2023. Do you forsee another potential BTC dump between now and the halving of April 2024? Or do you see after the flashdump to buy more crypto at discounts? Today's News: BTC post their BTC ETF Ad Black Rocks application for BTC ETF approved by SEC Hong Kong also filled for an ETF application Argentina approved BTC in contact deals EL Salvador offers citizenship to foreign BTC investors

KingKained24

There is a future where BTC is money. It will probably start with poor countries with high inflation. Like Argentina, EL Salvador, Venezuela maybe Turkiye and most certainly many African nations. I don't think I will ever stop holding BTC though I sometimes dream of timing halving cycles.

breakboyzz

Yeah but, why is it cheaper to get into the USA than EL-SAL-VA-DOR. That’s an absurd amount of money to become a citizen of a 3rd world country. It’s a goofball number.

MT-Capital

EL Salvador COIN probably

Less_Cap1539

We have one have thing in common though. EL. It’s just that I’m going *extra long* and they are *exit liquidity*

IllustriousLawyer656

Great choice. 12 words is more than fine. Also checkout Blockstream Jade as they also offer similar features. https://youtu.be/z5EL7Hi6JtM?si=yYjast0TEcTCP52h

IllustriousLawyer656

https://youtu.be/z5EL7Hi6JtM?si=NqHtR2MPp11JtvgH

benjaminchodroff

EL=execution layer CL=consensus layer These used to be in the same Eth client (typically geth) but were split post Shanghai PoS into separate distinct layers. It’s quite incredible what Ethereum is pulling off - at scale, while at supersonic flight. I think they will succeed. I personally do hope that BIP 300 and 301 make drivechain a success in Bitcoin ecosystem. It doesn’t change Bitcoin but could help address the valid concerns you pointed out. It’s a long road, but possible. Let’s see :)

goobergal97

What does EL/CL complexity standfor? I'd love a resource to read on that. There is risk in an evolving protocol like ethereum, however for me personally I sleep easy seeing how well the development team was able to research and upgrade to POS in a decentralized manner. It was an extremely difficult task to pull off. That bitcoin can't change even if a good portion of the community wants to adds risk to bitcoin when there is genuinely something wrong. Bitcoin's economic model with the block reward is only going to work for a few more halvenings. Miners will be incentivized to attack the network after a certain point due to the rising cost of securing the network combined with the falling block reward. I'm posting a real resource on this from real academic researchers, don't take my word for it, at least read the abstract and if it's compelling take a glance at the paper. https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf Here's the abstract. > Bitcoin provides two incentives for miners: block rewards and transaction fees. The former accounts for the vast ma- jority of miner revenues at the beginning of the system, but it is expected to transition to the latter as the block rewards dwindle. There has been an implicit belief that whether miners are paid by block rewards or transaction fees does not affect the security of the block chain. We show that this is not the case. Our key insight is that with only transaction fees, the variance of the block reward is very high due to the exponentially distributed block arrival time, and it becomes attractive to fork a “wealthy” block to “steal” the rewards therein. We show that this results in an equilibrium with undesirable properties for Bitcoin’s security and performance, and even non-equilibria in some circumstances. We also revisit selfish mining and show that it can be made profitable for a miner with an arbitrarily low hash power share, and who is arbitrarily poorly connected within the network. Our results are derived from theoretical analysis and confirmed by a new Bitcoin mining simulator that may be of independent interest. We discuss the troubling implications of our results for Bitcoin’s future security and draw lessons for the design of new cryptocurrencies. I'm like the opposite of you lol, I have a soft spot for BTC and hold some still but favor ETH far more at this point. I sincerely wish that BTC had added smart contract functionality back in the day, bitcoin should have be capturing a lot of this DEFI value imo.

benjaminchodroff

I see Bitcoin as superior to Ethereum in that it does one thing and does it incredibly well: stores value. Ethereum is far riskier because it has many more ways to fail: EVM attack surface, EL/CL complexity, evolving protocol and ecosystem engineering... let alone all the FUD that naturally comes out of the ETH space due to the amount of "bad things" any actor can create purposefully or accidentally. Bitcoin's stock to flow, absolute scarcity, and the fact that literally it couldn't change even if a good portion of the community wanted it to is going to drive the BTC price far higher. Bitcoin's unique backstory means that nothing in the future could ever truly replace it without an insider advantage. If I recommend a single token to a new retail user, it's Bitcoin. I feel safe in recommending it given how little it does, and how great it does it. Lightning protocol will allow many more users to join in this revolution. However, Ethereum has a bright future as the world's decentralized computer. It has certainly captured the vast majority of liquidity, developer mind-share, and best ecosystem support. I do not see this going away in the next cycle. As Bitcoin's price rises, so with the rest of the DeFi ecosystem and Ethereum stands to benefit significantly. I'd be very wary of most other tokens, although even a half-decent scam token can make a few useful idiots stupidly rich. If there is a single token I recommend to a new wholesale user, it's Ethereum. Stablecoins (and soon to be all forms of regulated payment tokens - Deposit Tokens and CBDC) are likely to accelerate Ethereum and the layer2 solutions. Will ETH market cap flip BTC? I personally doubt it, but who knows. Will a ETH killer finally succeed in this next halving cycle? I equally doubt it, but ETH has a heavier innovation crown to bear in comparison to Bitcoin. Fair disclosure: I stand to benefit either way. I'm a BTC maxi in denial, with a soft spot for ETH DeFi love.

DBRiMatt

A country to do what EL Salvador did, but better!

Yellowflash274

The only Crypto friendly Government in the world is EL Salvador rest are all CBDC maxis

hoya_doing

So close ma friend, but not quite. You see, last name has to come first. Elon Musk will be Musk Elon so it'll be MEL, not EMU. **MEL** = **M EL** = **M**usk **EL**on

Valdorff

> Yes, says right there on lido.fi/scorecard Actually... this risk isn't there. The closest is "Node operators are disincentivized from acting maliciously" but the focus is on obeying withdrawals. EL/MEV theft is not discussed. That said - I absolutely adore their scorecard. Beats the everliving pants off anything RP have for one-stop risk clarity. > Of course you did, but it's easier to suggest malice on your competitors' part instead I'm not saying Lido NOs are malicious. In fact, since they _haven't_ taken the 6x larger paycheck since the merge, there's some damn strong evidence that they're trustworthy. I _am_ saying that the system relies on trust. If one of their NOs kept all of the MEV, it would affect the APR of stETH by about 1/3 (the EL share) of 1/29th (the amount held by one NO). This is a bit over 1% of APR. It would also demonstrate that the NO coming out most ahead is the one doing the inappropriate thing and would make it more challenging to continue the social contract. > base the entire security and tokenomics on its market value As I've previously noted to you, rETH security does not depend on RPL market value.

MinimalGravitas

> Someone put 0x686f77206d7563682069732074686520666973683f ( **"how much is the fish?"** ) as extra-data in the EL Holesky genesis.json, and not in the CL genesis.ssz > Misconfiguration, network failed to launch. *https://twitter.com/protolambda/status/1702691543629328474* And the reference for those that aren't well versed in German techno/happy-hardcore... https://youtu.be/cbB3iGRHtqA?feature=shared&t=40

Bitcoin_Maximalist

The fact that you love him is clearly visibly because you want him to study Bitcoin. Good brother. https://www.youtube.com/watch?v=8Mhu6dxj7qk&list=FLDpqF5SBL-UGRWe6EL7ySuA&index=11

Extremely_Peaceful

Leave him alone. Keep your family and finance separate. That said: https://www.youtube.com/watch?v=8Mhu6dxj7qk&list=FLDpqF5SBL-UGRWe6EL7ySuA&index=11

BoomBoomTucki

EL Salvador should teach their kids about MOONS, too

AdZealousideal3461

Wow wow 1 Billion dollars in EL Salvador is so much and could have solved many burning Crisis. Embracing technology is good but not cutting own bellies. Hope he gets good return.

anthony_blues

EL Salvador gov is full supporter of decentralised technology and crypto even I gues they were the first who give the equal status of crypto currency to their fiat currency they are so liberal towards crypto currency

Every_Hunt_160

Bitcoin *can* be a daily use coin with the lightning network The issue isn’t the fees for Bitcoin. It’s adoption. The volatility doesn’t help its case as well. In EL Savador most businesses don’t want to accept Bitcoins anymore after seeing its price fall 70% from when they first rolled out Bitcoin in 2021. All these are way bigger issues than gas fees.

Impossible-Injury932

That's my new street name "EL" for Exit Liquidity, funny as chit , best.

Every_Hunt_160

Bitcoin adoption and hype in EL Savador is exactly as OP said: it’s just the foreigners who are not citizens that are the ones making a lot of noise, the locals don’t really benefit much from it

Every_Hunt_160

People on cc/sub: EL Salvador is going to be rich! All their citizens have benefitted from Bitcoin adoption! Reality: OP’s post

DingDongWhoDis

The Bank of Italy partnered with Algorand for surities/banking guarantees. The National Bank of Australia launched a stable coin on ALGO. EL Salvador is developing blockchain infrastructure on ALGO. Nigeria is said to be looking to record IP on ALGO, and Algorand is involved [with India](https://www.prnewswire.com/in/news-releases/algorand-foundation-announces-broad-reaching-partnerships-in-india-to-grow-web3-301740349.html). Related, might as well mention Travel X plane tickets in Argentina already booking over a million tickets, and honorable mention of [HesabPay migrating to Algorand. ](https://www.algorand.foundation/news/hesabpay)

Impossible-Injury932

Yep, it happened to me and continues. My rap name is EL , as in exit liquidity.

vattenj

Even if it is regarded as a currency, foreign currency exchange profit still need to pay capital gain tax. You must live a country like EL Salvador which recognize it as legal tender to avoid that

simplicity92

wow. Finally someone got a full crypto licensed. But EL Salvador is one of the only country who recognize BTC as legal tender

Fun_Evening_2487

EL Salvador could definitely make something of Bitcoin.

SuperbCantaloupe1929

Another source : https://twitter.com/BitcoinMagazine/status/1683847962554773505?t=av8ox-7feTgQUSzO2EL-9g&s=19

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bkcrypt0

Exactly. I'm tracking real estate focused tokens here if interested (don't own any so not shilling): [https://coinmarketcap.com/watchlist/61e6d3b4f7d6ba1fefb728b9](https://coinmarketcap.com/watchlist/61e6d3b4f7d6ba1fefb728b9) Includes PRO, LA, EL and RET at the moment.

ElegantComedian8804

You obviously don't have to respond as its personal, but hsre goes anyways: do you not have any fiat/cash (even 5%), set aside for emergencies (medical, domestic) etc.... If you live outside of EL Salvador obviously

Faults93

https://www.binance.com/en/activity/referral-entry/CPA?ref=CPA_00EL7OSYCA

ThisIsTheGwei

I finally bit the bullet and spun up some validators using [eth-docker.](https://eth-docker.net/) The process took a weekend to learn (command line naive, never used Linux, not in tech, etc.). I work full-time 50-75 hrs/week. Maintenance for my validators have been maybe 5 minutes/week. I literally just look for updates for EL/CL clients and run the update command if necessary. It takes less than a minute to update and restart. Otherwise everything is on autopilot. Occasional power outage issues which resolves with a reset (autostart EL/CL on login). I bought a UPS as well and learned how to program it to safely shut down if there's a power outage and power back up once power is restored. I bought a NUC, 2TB SSD, some ram, and a USB keyboard/mouse, spent maybe $1000. It's already paid itself off rather easily. Nothing but profit from here given minimal electricity usage and already fast internet (fiber). The time taken to invest in the validators will probably pay off very well in a few years.

Bkwrzdub

> ) or the vending machine blasting Michael saylor mantras? NO!!! make the mummy's voicebox Saylor!!! LO-EFFING-EL!

badfishbeefcake

is there another county who followed EL Salvador steps?

Giga79

Check out the Eigenlayer. If you're familiar with merge mining, it is essentially the same thing only for POS. The issue with paying nodes is they have nothing at stake, and very low requirements. If you can spin up 1000 nodes using one machine and generate more money than by running 1 validator, that's what you'll do and this does nothing to improve throughput or decentralization. Using Eigenlayer you're able to use your L1 ETH stake as collateral for validating other networks in parallel with ETH, only by signing on for some additional slashing criteria. This solves the nothing at stake issue. If you're *maliciously* re-staking into an L2 or an archival node you will lose substantial amounts of money. This opens the door for any/all insecure networks to lease Ethereum's validators at very low cost, and is the best option for a fully decentralized L2. If the market values specific nodes at all they can very easily put a price on them this way. It will be the most efficient path. You can incentivize a validator with an additional *0.05%* likely. Archival nodes will be very useful (necessary) but very expensive to maintain, I expect the market (or Rollup's) will come up with an incentive via EL once the base layer starts purging data. Running a node is not altruistic today either. It is the only way to verify your transaction made it into the blockchain untampered. Don't trust, verify. This is moot for most people but if you want to use any cryptocurrency *trustlessly* you must run your own nodes, it serves you more than anyone else in the network.