boom! the new Moxie is now live!!!

Farcaster users: login with your Farcaster account to start building your Moxie Score and bid on the Base Economy fan token presale!

stay tuned for all the details...

https://www.moxie.xyz/

I've been finding quality of posts and discourse on Farcaster consistently high recently. My impression is that it got spammy around 6 months ago, but since then has quietly improved a lotl

The UX for Coinbase app/Smart Wallet + Base + USDC is great now, significantly superior to the incumbent market leaders Binance + Tron + USDT, plus a fraction of the cost. With the Stage 1 upgrade soon, technically it'll be a decisively superior solution (of course, even moreso with Stage 2). Yet, the real solution will be an international network of aggressive business development and marketing onboarding merchants and users from the countries where B/T/T alliance has significant marketshare - Turkey, Argentina, Thailand etc. Breaking these network effects is a very steep battle that requires significant local investment and must not be underestimated.

bonsai

Shello, enchanting creatures! 🧜‍♀️🐟
Mermaids and Tritons are growing Bonsai in the ORB portal. 🌳
🚀 Meme WEEK CONTEST is open from July 15 to 21, 2024!
🏆 The 2 most active users will win a Monnivership badge and 5000 BONSAI each!
🏅 The highest collector will win a PHAVER LAGOON SHARK for the P…

Motte: the universe was created and is sometimes intervened in by an agentic entity ("god", "simulator"...)

Bailey: the Christian Bible has unique insight into the inner workings of that agentic entity

Two different claims (really, three different claims)

Motte: the universe was created and is sometimes intervened in by an agentic entity ("god", "simulator"...)

Bailey: the Christian Bible has unique insight into the inner workings of that agentic entity

Two different claims (really, three different claims)

https://x.com/jd_pressman/status/1812889834589212974

Ethereum

IMHO, L2Beat's/Vitalik's Stages are incomplete. For Stage 2, in addition, 

- Alternate sequencing triggered within 1 epoch (i.e. 6.4 minutes). Currently, Optimism is 12 hours, which is not acceptable (preferably, there's real-time distributed sequencing) 
- Security council has pause rights only; upgrades even for onchain provable bugs must go through governance, emergency path with >X% approval

Then, there should be an optional Stage 3, or Stage X, where:

- Based or based-like sequencing is mandated
- Security council is dissolved
- Smart contracts upgrades require >Y% (80%?) approval from the protocol's full governance, in addition to >30d delay

For big-tent high-value L2s like Arbitrum One, Stage 3 should be the target. For most, Stage 2 should be perfectly fine, and even Stage 1 enough for many lower-value app-specific L2s.

Ethereum: where yesterday's FUD is today's solved problem.

Kiril Didenko

@kiril999