Cointime

Download App
iOS & Android

ETH Berlin 2024 Recap

From Breadchain Cooperative

This past week was an incredible time at Berlin Blockchain Week with the Breadchain team! On May 25, 2024 we had our very own Breadchain Launch Event in Berlin at the Moos Space (with Vitalik in attendance) and competed in the ETH Berlin hackathon where we created a website to help track donations to ETH Evacuations during the live interview at the end of ETH Berlin. Here’s a summary of some of the things that happened.

A postcard to write to your post-capitalist lover.

Breadchain Launch Event

For the launch event we hosted it at the Moos Space and with the help of our friends at Citizen Wallet to onboard attendees to buy and use BREAD through the mobile application which already has BREAD integrated. If you’re a supporter of Breadchain then we highly recommend downloading the Citizen Wallet phone app and you can find more on how to use the app from one of our recorded community calls here.

The full event included:

  1. a real hands on sourdough bread baking workshop led by Edible Alchemy, the bakery at Moos, in which the bread that was made was eaten later during dinner
  2. onboarding onto Citizen Wallet for people including a faucet and the ability to purchase BREAD with cash or via Stripe to make purchases in the in-person market setup including food and books or through the marketplace on the app
  3. presentations from Breadchain Cooperative members and associated projects building out technology for scaling solidarity with BREAD
  4. a gift economy solidarity dinner at Moos with the Palestinian Hosting Society to wind it all down

The event was a success where all of the right people came to listen and show their support. This included a brief visit by Vitalik himself where he received some BREAD through our event faucet!

We had presentations from Joshua Davila about the overall state and strategy of Breadchain moving forward, Xavier Damman from Citizen Wallet, Tara Merk and Nick Houde on their writing on Solidarity Primitives with the Other Internet, videos from Symbiota Coop and Labor DAO, and a presentation from the Crypto Commons Association. While we tried to record video of the presentations, this was planned only a couple of weeks in advance so there wasn’t much prep. We will share video presentations on our YouTube channel if they come out well.

In the first presentation we shared the broad goals of the project and the purpose of the BREAD token.

“Great turnout. Quality people. Good conversations. Intimate space. Positive energy.”

After the event there was a dinner with the Palestinian Hosting Society in which we were able to express our solidarity toward the ongoing humanitarian crisis in Palestine. We shared the bread that was prepared the same morning with those who came for the dinner which helped remind us about the real human purpose for why we are building solidarity primitives as an alternative to the exploitation we see today.

A limited number of Breadchain shirts were printed. Let us know if you'd want one too!

ETH Berlin Hackathon

At the same time as our event was the ETH Berlin hackathon which we decided to take part in. Since our time was limited (an entire day was taken away for our launch event) we kept the scope small and created a website for ETH Evacuations to track donations in near real-time. It even tracks donations in BREAD. If you attended ETH Berlin and want to vote for our project, you can find it here.

The website was a success and shown during the ETH Evacuations interview where attendees were successfully making donations during the conversation via the QR code on display. In the span of the interview we were able to raise another $1k for the project. While we weren’t able to complete the full set of features we originally outlined due to time limitations, we hope to continue improving the site and decentralize it so that it can’t be censored.

The ETH Berlin hackathon was an incredible experience and we give huge props to the organizers for facilitating such an event so smoothly. We found ourselves very aligned with their advocacy for privacy and for allowing a space for us to do this work in a safe environment.

Later on we were also honored to have Vitalik mention Breadchain as a project he’s keeping an eye on 👀

Live interview at ETH Berlin where our website was showing donations as they were coming in. We raised over $1000 in the span of the 30 minute interview.

So What Next?

There were plenty of learnings from the event for us that we hope to take away from it all. Here is a non-exhaustive list of our learnings and next steps:

  • We are hoping to have our first governance vote for Breadchain in the coming month where your voting power will be based on your holdings of BREAD from the previous month so be sure to bake some BREAD
  • There are a lot of people in the crypto space hungry for something different than the status quo
  • It would have been nice to have more than two weeks to plan the event but it was still possible to be pulled off thanks to the relationships we’ve been able to build over the years
  • Citizen Wallet is a great tool for onboarding new users and we can create faucets for events that smoothen the process (Vitalik got some BREAD!)
  • Our roadmap shown during the event will be released soon

Solidarity Forever

We also hope to continue on the website for ETH Evacuations. Here are some of the additions we hope to make, please reach out if you’re interested in helping us hack on it:

  • Add more chains to track in the display
  • Add buttons for sending donations from the UI with a connected wallet
  • Integrate options for private donations
  • Decentralize the stack for censorship resistance and posterity
  • Make it part of the ETH Evacuations main site

Thank you again to everyone who made it out to support us in Berlin. If you want to support us financially then you can always bake BREAD through the crowdstaking application or donate to our Open Collective. If you want to help out in other ways then be sure to join our community calls every Wednesday at 9PM CET / 1PM EST in the cryptoleftists discord server.

Comments

All Comments

Recommended for you

  • Over $200 Million Liquidated in the Last Hour, Primarily Long Positions

    On October 24, according to Coinglass data, the total liquidation amount across the cryptocurrency market reached $200 million in the past hour, with long positions accounting for $191 million and short positions for $8.76 million, indicating a strong dominance of bulls. By cryptocurrency, Bitcoin saw liquidations of $59.74 million, while Ethereum experienced liquidations of $53.03 million.

  • Trump Prepares for Escalated Military Action Against Iran Post-Midterms, Increases Troops in Gulf

    U.S. President Trump is preparing to resume strikes against Iran following the November 3 midterm elections, having deployed a third aircraft carrier strike group and 10,000 sailors and Marines to the Persian Gulf. U.S. Secretary of Defense Mark Esper visited Israel to meet with Netanyahu, while the State Department ordered the evacuation of some diplomatic personnel and their families from Saudi Arabia. Iran is planning retaliatory actions in the Middle East, with Foreign Minister Zarif stating that diplomatic progress is currently limited. The conflict is disrupting energy transport in the Gulf, driving Brent crude oil prices up over 80% this year, and impacting the Republican Party's midterm election prospects. (Bloomberg)

  • BTC Falls Below $80,000

    Market data shows that BTC has fallen below $80,000, currently priced at $79,990.04, with a 24-hour decline of 1.76%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Iranian Armed Forces: U.S. Navy Ships Not Allowed in the Persian Gulf Under Any Circumstances

    On October 24, according to CCTV News, Major General Ali Abdollahi, Chief of Staff of the Iranian Armed Forces, stated that the Iranian military has successfully deterred the U.S. Navy, preventing it from approaching the waters near the Persian Gulf or Iranian territorial waters. Under no circumstances will Iran allow U.S. military ships to enter the Persian Gulf; the idea of the U.S. wanting to return its military forces to the Persian Gulf is merely a fantasy. Abdollahi also pointed out that the U.S. and Israel, along with their military forces, will increasingly find themselves deeper in the quagmire they have created, and the longer the confrontation lasts, the more entrenched they will become.

  • CMCC Global Plans to Issue Tokenized Bitcoin Fund in El Salvador in Partnership with Tether and Bitfinex Securities

    On October 24, investment management company CMCC Global announced plans to represent its two digital asset funds—Crest and the Liberty Bitcoin Accumulation Fund (LBAF)—in token form. These tokens will be issued and managed through Tether's Hadron infrastructure and distributed by Bitfinex Securities under El Salvador's digital asset framework. Both funds operate as fund-of-funds structures. Crest is priced in USD and aims to outperform U.S. Treasury yields, while LBAF is priced in Bitcoin with a target annual net return of 8% to 12% (BTC), which is an investment target rather than a guaranteed payment. The tokens represent economic rights to the underlying fund shares, minted according to corresponding shares and destroyed upon redemption, still subject to legal and operational conditions, and are not unlicensed tokens. Issuance requires identity verification, anti-money laundering checks, and whitelist addresses; Bitfinex Securities will provide issuance, distribution, and secondary trading. The institution BTCS S.A. has tentatively agreed to provide a three-digit Bitcoin anchor configuration (specifics not disclosed). The issuance price is set at $10 per Crest token and 0.0001 BTC per LBAF token.

  • Chinese Ministry of Commerce Responds to U.S. Proposed Investment Restrictions

    On October 24, a reporter asked: On October 23, the U.S. Department of the Treasury released a new proposed rule on foreign investment restrictions and is seeking public comments. What is China's comment on this? The response: China has noted the relevant situation. The proposed rule discriminatively expands the scope of investment restrictions against China and intensifies the restrictions, which is a typical practice of generalizing national security. This goes against the important consensus reached by the leaders of both countries, interferes with normal economic and trade cooperation between Chinese and American enterprises, and undermines the international economic and trade order. China expresses serious concern and strong opposition to this and will closely monitor the subsequent developments, reserving the right to take corresponding measures. China has a vast market with enormous consumption and investment potential; investing in China is investing in the future. The U.S. restrictions on investment in China are not conducive to Sino-U.S. economic and trade cooperation and will also harm the interests of American enterprises. China urges the U.S. to respect the laws of the market economy, stop generalizing the concept of national security, and cease politicizing and weaponizing economic and trade issues, in order to create a favorable environment for Sino-U.S. economic and trade cooperation.

  • IRS Plans to Reform Voluntary Disclosure Program, Lower Crypto Penalties and Expedite Cases

    According to Forbes, the Internal Revenue Service (IRS) is preparing to reform its voluntary disclosure program, aiming to reduce penalties and expedite the handling of tax violations, including those related to cryptocurrency. Jarod Koopman, the head of IRS Criminal Investigation, stated at the UCLA Extension Tax Controversy Conference that the goal is to launch the revised program by December, allowing taxpayers to resolve their cases within 120 days after completing the required filings; the current process often takes over a year. The reform will not create a separate disclosure process for digital assets, which will still be handled under the existing voluntary disclosure procedures. Koopman mentioned that the revised penalties will be 'significantly lower' than current levels, although he did not provide specific figures, and he is considering allowing taxpayers to settle their debts through installment payments or offers in compromise. Meanwhile, lawmakers are pushing for an independent voluntary disclosure program for taxpayers who unintentionally report crypto errors, as proposed in Section 502 of the Digital Asset Taxation Certainty Act, which passed the House Ways and Means Committee in September.

  • Abraxas Capital Achieves Record $193 Million Profit in Hyperliquid Perpetual Contracts

    On October 24, according to Hyperliquid News, the Abraxas Capital wallet has reached a record cumulative profit of $193 million in perpetual contracts on Hyperliquid. This profit is not solely from directional trading gains, as the positions have been hedged through spot assets. The wallet currently holds approximately $207.445 million in USDC, with a cumulative trading volume of $5.43 billion, an open position size of about $725 million, and significant holdings in BTC, ETH, and SOL on the platform.

  • Saudi-led Coalition Intercepts and Destroys Two Ballistic Missiles Fired by Houthi Rebels at Taif and Yanbu

    The Saudi-led coalition announced that it has intercepted and destroyed two ballistic missiles fired by the Houthi rebels in Yemen towards Taif and Yanbu.

  • Ren Zeping's WeChat Account Banned from Following Due to Violations

    On October 24, according to Hongxing News, Ren Zeping's WeChat account has been banned from being followed due to violations. Currently, the account cannot be found through WeChat search, and new follows are not allowed, although its video account can still be followed normally. The account had content updates as recently as October 23, but the specific reasons for the restrictions have not been disclosed. Public information shows that Ren Zeping is an independent economist, founder of 'Zeping Macro', and currently serves as the vice president of the China Private Economy Research Association and chief economist of Zhongyuan Bank. He previously held the position of chief macro analyst at Guotai Junan Securities Research Institute.