All watched over by machines of loving grace. 

In retrospect, the cybernetic economy was inevitable.

All security is a matter of economics. Cryptographic security is the best form of security, because it is the most expensive to break. The cost of generating a convincing proof of an invalid state transition (assuming no soundness bugs) is just way higher than slashing.

Money is a technology. Like most technologies, monies are in a perpetual battle to dominate a winner-takes-most market. The best technology doesn’t always win, but it wins when the improvement is 0 to 1. Crypto offers this kind of improvement when it comes to money. The next dominant money will be crypto money.

2024 is the year when certain L2s become faster (~100ms), cheaper (<$0.0001/tx) and more secure (verified by Ethereum and EigenDA) than every L1. Here's why:

crypto makes the internet permissionless again

Filip Siroky

@fisiroky