RYAN SΞAN ADAMS - rsa.eth 🦄
@RyanSAdams
Crypto investor going bankless. 🏴
RYAN SΞAN ADAMS (rsa.eth) is a prominent crypto investor and Bankless advocate, offering deep insights into Crypto, DeFi, and AI. With a substantial following, he provides timely analysis on market-moving news and technological advancements, making him an ideal partner for brands seeking to engage a highly informed audience in the Web3 space.
Google just released a warning for cryptocurrency that the number of qubits required to break ECDSA is 20x less than previously thought. They have proof. They’re (strongly?) recommending crypto upgrade to post-quantum by 2029 now. 4 years!? Timelines are accelerating rapidly.
Huge! The SEC just gave DeFi a broker exemption. Uniswap UI, MetaMask Swap, DEX aggregators DON'T need to register as a broker-dealers. DeFi apps just can't get paid for order flow, offer investment advice, or touch user funds - all fair. Exactly the clarity we needed - the right approach. I remember SBF telling us in 2022 they'd never allow DeFi apps to not be regulated as broker-dealers (and that only he could save us....by selling out DeFi to the U.S. gov). Wrong again Sam. And as for this Atkins/Pierce SEC....they just keep being awesome.
AI KYC is here. New claude subscribers asked for gov ID & photo. Not even a regulatory requirement - Anthropic just doing it because they want to. But regulatory is coming Next up will be laws: No AI without gov-issued ID All AI use tracked to individual - no private AI https://x.com/RyanSAdams/status/2044491861125996617/photo/1
Quite incredible. Last summer @fundstrat came on @Bankless and told us he was aiming for 5% of all ETH. I didn’t believe it - a lofty goal I expected to take a decade to play out, if it happened at all. He’s on track to hit 5% it in less than a year. 1% to go. Bullish ETH.
In early 2024 it was becoming obvious Ethereum L2 roadmap had a fatal flaw. No shared liquidity. Each L2 was a separate nation - with its own borders and economics - rather than the United Chains of Ethereum we'd envisioned in 2021 and 2022. To be blunt: the L2 roadmap was a bit of a let down. At DevCon 18 months ago many hoped for an "Ethereum 3.0" plan that would unify our rollups. Instead, we got Justin Drake's 5 year long early Lean Ethereum journey. (Which has since solidified into a brilliant execution plan to scale & strengthen Ethereum, but at the time was received with disappointment.) We wanted a plan to unite the chains. @koeppelmann's presented an early form of that plan - he called them Native Rollups. These would be rollups that share liquidity, composability, and validators with Ethereum's L1. Rather than L2s as a loose alliance of chains that opt-in to shared security (the NATO model) we'd get a strongly coordinated yet federated economic union of chains (the U.S. model). No hard forks required. I hadn't seen much movement on this vision until now. But @etheconomiczone appears to be a serious attempt at a United Chains of Ethereum. ZK is the tech unlock and we get the zk genius of @jbaylina leading this. The engineering ability of @gnosis_ gives credibility this will ship. And the support of @ethereum foundation makes me optimistic this will remain open and credibly neutral. If Ethereum pulls this off - if it unites its chains into an integrated economic zone - while shipping quantum upgrades and L1 scaling of Lean Ethereum in parallel... Ethereum will gain an unstoppable network effect. It will finally deliver on its core promise Ethereum = world ledger. ETH = world reserve asset.
New Bank of Canada report on Aave is mostly favorable, they're basically saying yeah, this DeFi thing actually works, and we now have data to prove it. A central bank endorsing a bankless bank. We're getting there. https://x.com/RyanSAdams/status/2040106424215204083/photo/1
On 1m Satoshi coins (worth $90billion) "If they don't move (in a certain period of time), it might be better to lock (or effectively burn) those addresses so that they don't go to the first hacker who cracks it." So nonchalant.
idk why you're bearish Justin Drake says quantum is an opportunity for Ethereum to become "the very first global financial system that is post-quantum secure." (Justin was a co-author on the google paper)
Michael Saylor is coming on Bankless today.
Expect Ethereum to make strong progress on quantum. Expect ETH to earn a quantum-readiness premium.