✳️ dcposch on daimo
@dcposch.eth
Two opposing dangers for the eth ecosystem: 1. Opinionated and idealistic developooooors can get stuck solving problems that aren't a real issue. Leads to excess complexity: worse software, shipped late. In bad case, can rise to the level of concern trolling blocking protocol progress.
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✳️ dcposch on daimo
@dcposch.eth
2. Opportunistic growth hackooors can take cheat by shipping theoretically-unsound systems fast. Leads to risk of collapse, damaging the whole space. In the worst case, ponzis. To balance 1 against 2, we need a crisply articulated threat model.
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✳️ dcposch on daimo
@dcposch.eth
A curious but nontechnical reader should have a clear picture of WHY: - Mainnet is trustworthy but expensive - A stage2 rollup is trustworthy and cheap - Something like Tron is untrustworthy and cheap - 1 USDC is highly likely to be redeemable for $1, while USDD... good luck son
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✳️ dcposch on daimo
@dcposch.eth
And if a curious, technical reader should be able dig a bit deeper: - WHY can't L1 go faster than 12s per block, but L2 can do ~1 or 2s? - WHY is 4844 shipping with so little blob space? - WHY is dishonest-majority-proof DA critical? (and why then is it fine that those precious blobs expire after a few weeks?)
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✳️ dcposch on daimo
@dcposch.eth
If we are clear about exactly which limits we're trying to respect, and which risks we are (and are not) willing to accept, we have a rational basis for resolving disagreement and optimizing to ship as fast as possible within those constraints
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✳️ dcposch on daimo
@dcposch.eth
It sounds dramatic but the base case is failure. The future, by default, belongs to centralized actors because they have a fundamentally easier problem! Venmo is free and Tron is 0.0001c per transaction because they simply do not care about any of the above.
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