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✳️ dcposch on daimo
@dcposch.eth
⚡️ Three ways Ethereum is currently getting mogged on usability We're so used to these issues that we don't realize we are this guy to the uninitiated. Fortunately, all fixable. 1/
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✳️ dcposch on daimo
@dcposch.eth
1. AMBIGUOUS ADDRESS FORMAT Ethereum has a tower-of-babel problem. Addresses are long and there's no agreed way to specify which of the rapidly-multiplying chains you're on. Tron is terrible in many ways, but they get addresses right. Short, clean, unambiguous.
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✳️ dcposch on daimo
@dcposch.eth
2. CROSS-CHAIN TRANSFERS Another tower-of-babel problem: Alice on Arbitrum wants to pay Bob on Base. She now has a choice of 10+ different bridges at varying levels of speed, cost, and trustworthiness. This needs to be under 10 cents, under 10 seconds, automatic.
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✳️ dcposch on daimo
@dcposch.eth
3. PRIVACY Solana PYUSD launch today has a very interesting feature. ZK-shielded transaction amounts, with centralized audit. Perfect privacy? No, but much better than the situation on Ethereum today, where ~all transfers are either custodial or completely public.
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✳️ dcposch on daimo
@dcposch.eth
Luckily, Ethereum is a permissionless system. The most solid foundation, with the strongest commitment to decentralization. All of these application-layer issues are fixable! If you are unstoppable and want to implement #2 or #3 at Daimo (or write an ethmagicians post together for #1), DM me.
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Boris Mann
@boris
Do you just not aesthetically like CAIP10? https://chainagnostic.org/CAIPs/caip-10
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✳️ dcposch on daimo
@dcposch.eth
Let's try it. You can pay me here TPufRyBbFhaV9Caboz5NXafdX5G5C5buDz - Or, how about my address on Base? base:0xFBfa6A0D1F44b60d7CCA4b95d5a2CfB15246DB0D (doesn't work in Metamask, Coinbase, etc) Or maybe ethereum:0xFBfa6A0D1F44b60d7CCA4b95d5a2CfB15246DB0D@8453 Or you can use raw address & select Base from the menu.
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Boris Mann
@boris
Isn’t that a standards adoption problem not an ambiguous address problem? Are you suggesting we make a new standard? Because it also would need to be adopted. What do you think path forward should be?
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