sean
@swabbie.eth
whoa https://twitter.com/DefiIgnas/status/1680921857271398400
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Cameron Armstrong
@cameron
I still need to dive into exactly what is technically happening, but if you need to keep abstracting away the crypto layers of your app I don’t think I understand the point of you building it onchain? Or at least the way you’re putting it onchain? Feels like an architecture redesign makes more sense but idk
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sean
@swabbie.eth
I agree. To be fair to them, it sounds kinda like FC hubs, so they aren’t alone. In either case, I don’t think the non-blockchain networks will last long term anyway, because the economics will eventually force them to centralize, federate, or go to blockchains with built in hosting compensation mechanisms
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Dan Romero
@dwr.eth
Very different design than Hubs. If the corporate funding for Lens stops, network shuts down tomorrow. Apps integrated with Hubs work today if Warpcast goes down. Happened a week or so ago.
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sean
@swabbie.eth
I wasn’t referring to Warpcast. Someone pays to host FC hubs. Unlike a blockchain, hubs doesn’t have a built in hosting compensation mechanism, so it will need to be externally managed when not subsidized They also don’t offer the composability of turing complete blockchains, which limits organic feature growth
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Dan Romero
@dwr.eth
There is no built in compensation mechanism for Ethereum nodes
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sean
@swabbie.eth
Ether.
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Ayush
@ayushm.eth
not for the nodes though, only for validators
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timdaub (🥝,🎩)
@timdaub.eth
no but to say ETH‘s data availability isn‘t enforced through staking is wrong. Of course you can also run a non-staking archive node, but the thing becomes resilient because validators are paid and because they need to hold the entire state to do so
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sean
@swabbie.eth
true, but for all intents and purposes, the full nodes (with validators) are the major concern here. light nodes, archives typically have other uses with other economic goals
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