# Top stories on Kiwi News, week 19 2024

Mon 6 to Sun 12 May 2024
Page: https://news.kiwistand.com/weekly/2024-W19

The 20 top stories on Kiwi News from Mon 6 to Sun 12 May 2024, ranked by upvotes, comments and clicks, with 26 comments in total. Most-shared sources: bankless.com, twitter.com.

Summaries are AI summaries of the linked article.

## 1. Why This Cycle Is Cooked

- Kiwi News: https://news.kiwistand.com/stories/Why-This-Cycle-Is-Cooked?index=0x663957e09ad52363c6b1d27969e2b63a7b0c8017c6841bf850ad65ab9caac493f79ed9ef
- Source: https://www.bankless.com/cycle-could-be-cooked
- Submitted by misha, 8 upvotes, 5 comments

The author argues that the points-and-airdrop token distribution model has become unsustainable, and that its problems stem from an oversupply of VC capital, few new retail entrants, and what the text calls an overbearing SEC. Venture-backed startups can stay private longer, so by the time a token launches at $1-10 billion, much of the upside has already been taken by earlier investors, and the text cites Vance's estimate of $200-300 billion in sell pressure from VC unlocks in 2024 and 2025. Coinbase's Q2 report is cited as evidence that retail trading volumes remain well below their 2021 highs. The article also says LayerZero's self-report program for Sybil addresses, which offers 15% of intended allocation with a May 17 deadline, reflects a conflict between rewarding durable users and sybil farmers.

## 2. Multidimensional gas pricing

- Kiwi News: https://news.kiwistand.com/stories/Multidimensional-gas-pricing?index=0x663cbf4cbe1a5ef6eaacb078b7f096e4a3fa958a66128e3c0899c3b298b178df0069a700
- Source: https://vitalik.ca/general/2024/05/09/multidim.html
- Submitted by freeatnet.eth, 7 upvotes, 3 comments

## 3. Kiwi featured in the ENS DAO newsletter

- Kiwi News: https://news.kiwistand.com/stories/Kiwi-featured-in-the-ENS-DAO-newsletter?index=0x663a5d625037adc3202bae2bb3852de2efe56f67d926f9fe9ed63a720f7788b95e6244c2
- Source: https://discuss.ens.domains/t/ens-dao-newsletter-60-05-07-2024/19175
- Submitted by macbudkowski.eth, 11 upvotes, 0 comments

ENS DAO Newsletter #60, dated 5/7/2024, featured Kiwi News, a decentralized news platform akin to Hacker News that focuses on crypto tech, products, and culture. The newsletter says Kiwi News has 2,000 monthly readers and 120 curators, with user profiles built on top of ENS. The same edition also covers ENS Labs' USPTO petition challenging a patent obtained by Unstoppable Domains and the Box Domains integration into the ENS Manager App.

## 4. AAVE 2030 and the Complexity Moat

- Kiwi News: https://news.kiwistand.com/stories/AAVE-2030-and-the-Complexity-Moat?index=0x663b86e255b9c190fe0317383e115ce04765a810be823a09cd4878e229edb47446c3de11
- Source: https://research.auditless.com/p/al-57-aave-2030-and-the-complexity
- Submitted by auditless.eth, 8 upvotes, 2 comments

AAVE 2030 is an all-encompassing proposal from AAVE Labs that includes a full protocol rewrite, a new network, plans for building AAVE on alt-L1s, and a complete brand refresh. The author argues that complexity may be a feature rather than a bug in lending, and that AAVE's moat is tied to the interplay of capital efficiency, risk controls and liquidity network effects. The proposal's cross-chain liquidity design, a dedicated chain using Validium, and off-chain automated oracles built with Chainlink after the loss of risk manager Gauntlet are highlighted as notable ideas. The author also notes that the proposed $15M cash grant requires a large technical scope to justify it, which raises incentive-alignment concerns.

## 5. Hayden Adams: “tokens, not points”

- Kiwi News: https://news.kiwistand.com/stories/Hayden-Adams-tokens-not-points?index=0x66407b14d24bef9456181956300563443c35f02dbdd9f4b8eb7a8fef3dfba891527dc278
- Source: https://x.com/haydenzadams/status/1786784808187621874
- Submitted by freeatnet.eth, 7 upvotes, 0 comments

Hayden Adams lays out his view of good token distributions, saying projects should distribute tokens rather than points, avoid teasing or creating ambiguity about token launches, and provide enough public float for real price discovery on DEXs. He says low float tokens are malicious and his biggest pet peeve, that projects should not create absurdly high token supply to exploit unit bias, and that projects should give a significant amount away to the community. He also says projects should not market token prices through tweets or influencers, and should keep decisions simple and well considered so they can explain and stand behind them.

## 6. Forefront returns capital

- Kiwi News: https://news.kiwistand.com/stories/Forefront-returns-capital?index=0x663e3f0520c68d4f4417710b996926f31a186dc9d772bb28bbac8aa10cfc0b8ac03b57eb
- Source: https://snapshot.org/#/ffdao.eth/proposal/0xd64d6f8472101bb8a120584974d78d7404d325b7a30630cbae2b2edddee14915
- Submitted by tim, 6 upvotes, 4 comments

## 7. Keep Ethereum governance scrappy, fun, and chaotic

- Kiwi News: https://news.kiwistand.com/stories/Keep-Ethereum-governance-scrappy-fun-and-chaotic?index=0x663e978cc428955056e063fdecebc4d1e36a2da98d9880c466cd07a792631411f3a31429
- Source: https://hackmd.io/@emmanuel-awosika/keep-ethereum-governance-scrappy-fun-chaotic
- Submitted by eawosika.eth, 9 upvotes, 0 comments

Ethereum governance should stay informal and "scrappy" rather than adopt conflict-of-interest policies, according to the author's argument in this piece, which was first posted as a Twitter thread. The article argues that a conflict-of-interest policy gives a false sense of security, since people who declare no conflicts can still be subject to external pressure, while "rough consensus" gives every participant equal weight. It also contends that such a policy would discourage well-intentioned contributors, using a hypothetical comment about Vitalik Buterin as an example. The article warns that formalizing governance, including on-chain voting, could erode Ethereum's credible neutrality and resistance to capture.

## 8. Grants HQ: Grants Tracker

- Kiwi News: https://news.kiwistand.com/stories/Grants-HQ-Grants-Tracker?index=0x663cdbae7484bcc7d17995764d83dfacc193482d56f304cfc87308b73afc2752123fd64a
- Source: http://tiny.charmverse.io/grants-tracker
- Submitted by ccarella.eth, 5 upvotes, 2 comments

## 9. An interview with Jack Dorsey

- Kiwi News: https://news.kiwistand.com/stories/An-interview-with-Jack-Dorsey?index=0x663d8944cc70b04042ad6d2c4c5d539b5d1bdd940d9fa32139573fbdcd20ae0bd28954a4
- Source: https://www.piratewires.com/p/interview-with-jack-dorsey-mike-solana
- Submitted by macbudkowski.eth, 5 upvotes, 0 comments

## 10. Mint Dot Fun has been acquired by Zora

- Kiwi News: https://news.kiwistand.com/stories/Mint-Dot-Fun-has-been-acquired-by-Zora?index=0x663ab0929038fba2688bc2d05912cc61a16ad74dcb978e3ed082c4090f963af575e12995
- Source: https://twitter.com/mintdotfun/status/1787862725860962334
- Submitted by tim, 7 upvotes, 0 comments

## 11. EVM Smart Contract Explorer

- Kiwi News: https://news.kiwistand.com/stories/EVM-Smart-Contract-Explorer?index=0x66394047567404e8176fb2e72b32f568aad6ff2f43b17b4e81466dc346f51093aa1530e7
- Source: https://evmexplorer.com
- Submitted by tim, 5 upvotes, 0 comments

## 12. You're a bot, and I am too: Internet conspiracy theory is 49.6% true

- Kiwi News: https://news.kiwistand.com/stories/Youre-a-bot-and-I-am-too-Internet-conspiracy-theory-is-496percent-true?index=0x663b1e05ba82a37afacef47a1387924e517b5d1c3d1387e0055d4c248b0876e8efcd3eef
- Source: https://www.laptopmag.com/software/browsers-search-engines/im-a-bot-and-you-are-too-internet-conspiracy-theory-is-496-true
- Submitted by misha, 5 upvotes, 5 comments

The article argues that the Dead Internet theory, which holds that the web is largely populated by bots and AI-generated content, has more truth to it than many realized, and that people have also become less authentic online. It cites a 2024 Imperva report finding that 49.6 percent of all internet traffic in 2023 came from bots, with over 30 percent of that being "bad bots" used for fake views, false engagement, and spam. It also cites a SimilarWeb analysis finding that bots produced between 20.8 and 29.2 percent of all content posted to X in 2022 while making up only 5 percent of accounts, and a 2021 HypeAuditor report estimating some popular Instagram influencers' audiences may be 45 percent fake.

## 13. The Art of the Shadowban

- Kiwi News: https://news.kiwistand.com/stories/The-Art-of-the-Shadowban?index=0x663cda8ad5e2e47735f3995bde811a4490a5431bfc7b0d4061f8636861fcb9bf9fb7c323
- Source: https://geoffgolberg.medium.com/the-art-of-the-shadowdan-26c9e740415e
- Submitted by tim, 5 upvotes, 0 comments

Geoff Golberg argues that Web3 social, using Farcaster's Warpcast as an example, is not immune to shadowbanning, and he says losing his Power Badge functioned as one. He reports that his account lost the badge in the week after his best week on the platform, even though his recast, like and reply percentages from Power Badge-holders ranked near the top of the dataset. He states that 918 of the 4,344 current Power Badge-holders were inactive last week, which he suggests points to a whitelist, and he says Farcaster's team is trying to silence him, a claim the article presents as his own view.

## 14. What would happen if Mr Beast launched a $BEAST token?

- Kiwi News: https://news.kiwistand.com/stories/What-would-happen-if-Mr-Beast-launched-a-dollarBEAST-token?index=0x6638beabe9db6132488d5e64a7a8e0ac5bcd711bb5a863caab48923cd0c248f1f268ee92
- Source: https://blog.teji.io/beast
- Submitted by teji.eth, 5 upvotes, 0 comments

## 15. The Most Important Chart in the World - by Vincent Launay

- Kiwi News: https://news.kiwistand.com/stories/The-Most-Important-Chart-in-the-World-by-Vincent-Launay?index=0x6638ed5a47798e89a2a4e79f01b00ce305846ab223cdca5918c6c2158afa74e461480e8b
- Source: https://vincentlaunay.substack.com/p/the-most-important-chart-in-the-world
- Submitted by auditless.eth, 4 upvotes, 3 comments

Vincent Launay argues that fiat currencies lose value over time, so investors are turning to gold and Bitcoin as hedges against debasement. He says gold's roughly 80% rise in US dollars over five years reflects a weakening of the money rather than any change in gold itself. He cites a 2011 IMF paper on debt monetization and notes that central banks have been buying gold since Covid rather than US Treasuries. He concludes that choosing gold or Bitcoin is "ultimately, it's the same trade."

## 16. War Rooms and Peace Rooms

- Kiwi News: https://news.kiwistand.com/stories/War-Rooms-and-Peace-Rooms?index=0x663c73d6fa71b9f518838a54694fe828bab5b8df1884fd7cc8bec84c2301070799111197
- Source: https://studio.ribbonfarm.com/p/war-rooms-and-peace-rooms
- Submitted by misha, 5 upvotes, 1 comment

Online cozyweb enclaves range from war rooms, organized around shared battles, to peace rooms, organized around generative cultural work, and wars end only when making peace becomes more valuable than fighting. The Yak Collective and the Summer of Protocols, both helped started by the writer, are described as near-pure peace rooms open to anyone willing to suspend war-making commitments while present. Most enclaves are said to be stable at roughly 80-20 or 20-80 war-peace ratios, and peace is described as built through compounding flywheels of cultural production rather than by countering war directly.

## 17. Why 4337 and 3074 authors are disagreeing, and who got it right

- Kiwi News: https://news.kiwistand.com/stories/Why-4337-and-3074-authors-are-disagreeing-and-who-got-it-right?index=0x663a77b3a50ace591d6459e4b7470442f450426f192eb8c41ce991c69d1e939c40a67cee
- Source: https://docs.zerodev.app/blog/4337-and-3074-disagreements
- Submitted by freeatnet.eth, 5 upvotes, 0 comments

The authors of EIP-3074 and ERC-4337 disagreed over Ethereum's roadmap, and the article concludes both sides were partially right. The 4337 camp sees its validation-execution separation design as the only official, censorship-resistant account abstraction endgame, and it prioritizes censorship resistance (CR), arguing UX work should wait if it conflicts. The 3074 camp argues user experience is the more urgent problem. The main technical conflict was that 3074 allows "mutually exclusive transactions" that could make an EIP-7547 Inclusion List impossible to satisfy. The debate ended with EIP-7702 replacing 3074, which delivers UX benefits to EOAs while addressing 4337 community concerns about future CR compatibility.

## 18. Zed Decoded: Linux when? (What you have to do to port an app to Linux)

- Kiwi News: https://news.kiwistand.com/stories/Zed-Decoded-Linux-when-What-you-have-to-do-to-port-an-app-to-Linux?index=0x663d4aa75a35f8982a838e7d8864e7ad5f4f4b202daa2b723a777aa417c807734bd4e243
- Source: https://zed.dev/blog/zed-decoded-linux-when
- Submitted by noctisatrae.eth, 5 upvotes, 0 comments

Zed, the code editor, now runs on Linux and can be compiled and used, though it is not yet released. The article says Zed was open-sourced at the end of January with no Linux support, and that three months later it could be compiled and run on Linux. It explains that GPUI, Zed's framework, is designed to be platform-agnostic through its Platform trait, so Linux support meant implementing that trait. The author notes that the Linux implementation required choices across distributions, X11 and Wayland, desktop environments, and audio servers, plus implementing a PlatformWindow interface of 37 methods, with rendering on the GPU as the hardest part. The article credits Dzmitry Malyshau (@kvark) with a pull request, less than two weeks after open-sourcing, that made Zed render on Linux.

## 19. The $BONSAI Opp

- Kiwi News: https://news.kiwistand.com/stories/The-dollarBONSAI-Opp?index=0x663bb79c7c8fa1f530edfa5137b68898e66d519abe3f678313cdd7e1657398bd07fb7066
- Source: https://www.bankless.com/the-bonsai-opp
- Submitted by pedrovilela.eth, 5 upvotes, 1 comment

## 20. Gnosis Chain x Dappnode Home is here

- Kiwi News: https://news.kiwistand.com/stories/Gnosis-Chain-x-Dappnode-Home-is-here?index=0x663e69e863783517dfce760790d894e1c77af1a5ff310450bc754e27e8af59895ef3d71f
- Source: https://twitter.com/gnosischain/status/1788948086251032830
- Submitted by 0x4DD0...85D9, 6 upvotes, 0 comments