
cofounder @piertwo_com - acq. @bitmnr | prev @ethereumfndn
Joined October 2021
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Building an American blockchain Vs. an international unstoppable network — the tradeoff between high throughput and security — some incredible insights from @VitalikButerin during @ethereum_sg ⚡️
135 IQ play is silicone putty. Nothing in the same league.
If you’re above 110 IQ, silicone ear plugs are a certified performance enhancer. You have no idea how much constant background noise is frying the finer faculties of your brain.
Life for most of history was eerily quiet. I’m talking 1/1000th the amount of sensory inputs.
Your hunter gatherer brain is attuned pick up on the most minute disturbances. Footsteps, snapping twig, burrowing rabbit etc.
Now it inundated with constant road noise, humming appliances, and 3-5 different languages being spoken at your local coffee shop.
Tune it all out. It’s like a big hug for your nervous system
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Today we're launching EthSystems.
We build confidential systems for institutional Ethereum.
Institutions want to use Ethereum, but one of the biggest problems is the lack of built-in, modular privacy tools.
We were the Ethereum Foundation's Institutional Privacy Task Force (IPTF) for the past year. We had hundreds of conversations with central banks, regulators, tier-one banks, and asset managers, shipping open source work the whole time.
Wall Street has found crypto as an asset class, but not yet as commercial infrastructure. Institutions want to run real flows on Ethereum: stablecoins, tokenized assets, settlement. These are businesses with billions of dollars on the line, and no bank will operate in full public view. On a public ledger, confidentiality is the hard part: each party to a transaction should see what it has a right to see, and nothing more.
We have a year of proof of work: private bonds, confidential stablecoin transfers, private settlement across chains, the Ethereum Privacy Map, and more. All with protocol specs and security properties, at our website.
We've spent a decade working on privacy in crypto. We know there's no silver bullet. Different use cases need different systems, each designed, specified, and hardened properly, and someone has to do that work. That's why EthSystems exists.
We're an independent, for-profit company, backed by long-term Ethereum-aligned investors. This is a decade-long transition, and we aren't going anywhere.
If you're an institution that wants to build on Ethereum, talk to us. We're hiring: BD in New York, protocol engineers, ops: [email protected]
The Japanese stablecoin market is pioneering ahead.
@mufgbk_official & @smbc_midosuke are engaging in the onchain economy in a meaningful fashion.
A+ is a stablecoin issued by many banks. We’re speaking with custody firms, banks, exchanges, market makers. Please reach out.
This quoted post is unavailable.
ash.eth retweeted
In my opinion, zero chance of this ‘crisis’ happening for $ETH
zero
“Funding secured”
Ethereum Could Face a Funding Crisis Within Months
Former Ethereum $ETH Foundation contributor Trent Van Epps warned that Ethereum's core development ecosystem could face a funding crisis within the next 3 to 9 months.
He cited Ethereum Foundation spending cuts and the expiration of the Client Incentive Program.
Van Epps estimates core development requires roughly $30 million annually and says new funding mechanisms may be needed.
3 things:
1. We are in the preliminary list to be included in Russell 1000 Index. This is a big deal for the stock, folks.
2. We are buying ETH here although the pace will slow.
3. ZCash comment. The long term winner will have to be blockchain in this era of constant attacks. Why don’t we hear much from the banks? Oh do we not think they get attacked?
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BitMine provided its latest holdings update for June 8, 2026
$9.6 billion in total crypto + "moonshots":
- 5,543,872 ETH at $1,630 per ETH per ETH (per
@coinbase)
- 203 Bitcoin (BTC)
- $200 million stake in Beast Industries @MrBeast
- $88 million stake in Eightco Holdings (NASDAQ: $ORBS) (“moonshots”) and
- total cash of $247 million.
Ticker: $BMNR
Chairman: Tom Lee @fundstrat
Link ⛓️
prnewswire.com/news-releases…
ash.eth retweeted
🚨 STANDARD CHARTERED:
$ETH → $40,000 by 2030.
“The only feedback I get is that I’m being too conservative.”
This is the same analyst who called $100K BTC at $25K.
Now he’s calling for a 20x Ethereum move.
🔹 Institutional flows building
🔹 Stablecoins settling at scale
🔹 Tokenized assets moving on chain
“Ethereum will outperform for the foreseeable future.”
$BTC → $500,000 also in play.
$ETH $BTC
🚨 $40,000 $ETH by 2030.
"The only feedback I get is that I'm being too conservative."
When Standard Chartered’s Global Head of Digital Assets Research Geoff speaks, the market listens.
Why?
In April 2023, he predicted $100k Bitcoin when it was trading at just $25k.
Now, he’s laying out the roadmap for a 20x $ETH.
"Ethereum will outperform for the foreseeable future."
The reason?
Institutional gravity 🏦
💎 BlackRock BUIDL: Settling on the ONLY chain that’s never gone down.
💵 Stablecoin Utility: Near-free, 24/7 settlement that "idiotic fiat" can't touch.
📈 The $2T Shift: Tokenized money markets are moving on-chain, and they aren't leaving.
(Geoff also sees $BTC $500,000 by 2030)
ash.eth retweeted
🚨 BITMINE DIDN’T JUST BUY VALIDATORS
Pier Two brings institutional ETH infrastructure.
🔹 Lido V3 stVault integration
🔹 Institutional staking flows
🔹 DeFi vault + leveraged ETH yield
This is the kind of infrastructure now sitting inside MAVAN.
TOM LEE @fundstrat is building deeper into ETH staking + DeFi.
$ETH $BMNR
$BMNR has acquired Pier Two for their MAVAN operations.
H/T to @PostTenebras2 for the tag.
Tom Lee is going to ensure that post-quantum Ethereum happens.
He is now the biggest operating Ethereum's largest company and has a massive influence over the direction as well.
He bought a staking company Pier Two, now called Mavan, that had billions of dollars of staked ETH under management.
Big day for ETH here at DAS.
Andy and Robbie react to Tom Lee turning $BMNR into the world’s largest Ethereum company:
"Bitmine has staked more ETH than any other entity in the world, Bitmine’s total stake Eth stands at 3,142,643 ETH. That's almost $7 billion of ETH that is currently being staked."
"This is Tom Lee putting his foot down and saying we're gonna be one of the largest Ethereum operating companies in the world, and we're gonna push to make sure this asset is post quantum secure."
"Tom Lee wants to build the biggest Ethereum company in the world. He's doing it with Bitmine and he's doing it with his acquisition of Pier 2, now known as Maven."
ash.eth retweeted
Pier Two is joining MAVAN, a Bitmine company.
piertwo.com/insights/pier-tw…
Ethereum has never been more relevant & will only continue to be so.
People are under the assumption that the financial world will just willingly adopt Ethereum.
That most certainly isn’t the case.
They will be forced to adopt it.
No system other than Ethereum will hold up in times of true geopolitical turbulence.
That is for sure & for certain.
ash.eth retweeted
I feel like at every level we've implicitly made this decision that running a node is this oh so scary devops task that it is ok to leave to professionals.
IT IS NOT.
We need to reverse this. Running your own Ethereum infrastructure should be the basic right of every individual and household.
"The hardware requirement is high, therefore it's okay for the devops skill and time requirements to also be high" is not an excuse. Even people who can afford high-end hardware, dedicated staking boxes, etc often do not have a lot of free time. Nodes should be easy.
“Making Ethereum Cypherpunk Again” isn’t anti-institution. It’s a prerequisite for institutional adoption.
No bank, asset manager, or exchange wants to absorb the liability of billions in customer funds getting drained — and the attack surface on both custody and smart contract risk is only growing.
The endgame is every institution converges as an interface provider for self-custody.
MECA doesn’t push institutions away. It builds the infrastructure they’ll eventually demand.
ash.eth retweeted
After more than half a decade, @krakenfx just became the FIRST digital asset company to gain direct access to the American payment system.
We are creating the 21st century financial services industry.
ash.eth retweeted
Over the past year, many people I talk to have expressed worry about two topics:
* Various aspects of the way the world is going: government control and surveillance, wars, corporate power and surveillance, tech enshittification / corposlop, social media becoming a memetic warzone, AI and how it interplays with all of the above...
* The brute reality that Ethereum seems to be absent from meaningfully improving the lives of people subject to these things, even on the dimensions we deeply care about (eg. freedom, privacy, security of digital life, community self-organization)
It is easy to bond over the first, to commiserate over the fact that beauty and good in the world seems to be receding and darkness advancing, and uncaring powerful people in high places are making this happen. But ultimately, it is easy to acknowledge problems, the hard thing is actually shining a light forward, coming up with a concrete plan that makes the situation better.
The second has been weighing heavily on my mind, and on the minds of many of our brightest and most idealistic Ethereans. I personally never felt any upset or fear when political memecoins went on Solana, or various zero-sum gambling applications go on whatever 250 millisecond block chain strikes their fancy. But it *does* weigh on me that, through all of the various low-grade online memetic wars, international overreaches of corporate and government power, and other issues of the last few years, Ethereum has been playing a very limited role in making people's lives better. What *are* the liberating technologies? Starlink is the most obvious one. Locally-running open-weights LLMs are another. Signal is a third. Community Notes is a fourth, tackling the problem from a different angle.
One response is to say "stop dreaming big, we need to hunker down and accept that finance is our lane and laser-focus on that". But this is ultimately hollow. Financial freedom and security is critical. But it seems obvious that, while adding a perfectly free and open and sovereign and debasement-proof financial system would fix some things, but it would leave the bulk of our deep worries about the world unaddressed. It's okay for individuals to laser-focus on finance, but we need to be part of some greater whole that has things to say about the other problems too.
At the same time, Ethereum cannot fix the world. Ethereum is the "wrong-shaped tool" for that: beyond a certain point, "fixing the world" implies a form of power projection that is more like a centralized political entity than like a decentralized technology community.
So what can we do? I think that we in Ethereum should conceptualize ourselves as being part of an ecosystem building "sanctuary technologies": free open-source technologies that let people live, work, talk to each other, manage risk and build wealth, and collaborate on shared goals, in a way that optimizes for robustness to outside pressures.
The goal is not to remake the world in Ethereum's image, where all finance is disintermediated, all governance happens through DAOs, and everyone gets a blockchain-based UBI delivered straight to their social-recovery wallet. The goal is the opposite: it's de-totalization. It's to reduce the stakes of the war in heaven by preventing the winner from having total victory (ie. total control over other human beings), and preventing the loser from suffering total defeat. To create digital islands of stability in a chaotic era. To enable interdependence that cannot be weaponized.
Ethereum's role is to create "digital space" where different entities can cooperate and interact. Communications channels enable interaction, but communication channels are not "space": they do not let you create single unique objects that canonically represent some social arrangement that changes over time. Money is one important example. Multisigs that can change their members, showing persistence exceeding that of any one person or one public key, are another. Various market and governance structures are a third. There are more.
I think now is the time to double down, with greater clarity. Do not try to be Apple or Google, seeing crypto as a tech sector that enables efficiency or shininess. Instead, build our part of the sanctuary tech ecosystem - the "shared digital space with no owner" that enables both open finance and much more. More actively build toward a full-stack ecosystem: both upward to the wallet and application layer (incl AI as interface) and downward to the OS, hardware, even physical/bio security levels.
Ultimately, tech is worthless without users. But look for users, both individual and institutional, for whom sanctuary tech is exactly the thing they need. Optimize payments, defi, decentralized social, and other applications precisely for those users, and those goals, which centralized tech will not serve. We have many allies, including many outside of "crypto". It's time we work together with an open mind and move forward.


















