Martin

@koeppelmann.eth

89 Following

68354 Followers

nkemjika.eth pfp

Just watched @koeppelmann.eth's talk on why Ethereum needs a native L2. Really insightful indeed, from the issues with L2s as they are to his proposed solution. Really curious to hear any other opinion. /ethereum If you are interested, here the link. https://www.youtube.com/watch?v=QGelE6UjHEw

1 reply

2 recasts

6 reactions

Mac Budkowski ᵏ pfp

Mac Budkowski ᵏ

"There is a long-term future where code is the thing that actually takes over the security. (...) If that is something that you're not willing to believe, then there is even a case that actually the whole concept of smart contracts is pointless and even applications should become multi-sigs." @vitalik.eth response to @koeppelmann.eth's argument about multi-sigs during Devonflict Really enjoyed this debate because, despite my reservations, Martin eventually convinced me that Gnosis shouldn't become an L2 (yet). You can find the link to this - and all other - debates below. We also describe there our writing contest, where you can share your POV on the discussed topic :)

3 replies

4 recasts

24 reactions

Thibauld pfp

I am still processing Devcon talks but so far, this talk from @koeppelmann.eth has been by far the most thought provoking! I love the idea of native L2 that live closer to L1. Less centralization risk, easier / better composability with L1... it would be a great addition to the current "arm's length" L2 paradigm. https://app.devcon.org/schedule/9RNWDX

3 replies

3 recasts

31 reactions

Martin pfp

@koeppelmann.eth

Circles is money!

1 reply

7 recasts

75 reactions

Martin pfp

@koeppelmann.eth

Wasn’t aware there is a private option. If there is I am curious how that actually works - seems hard for a decentralized protocol

1 reply

0 recast

1 reaction

Martin pfp

@koeppelmann.eth

https://frame.weponder.io/api/polls/26323

2 replies

2 recasts

13 reactions

Martin pfp

@koeppelmann.eth

I like claim the least as this implies you have a claim against someone else - but instead it is you yourself minting/ issuing money.

0 reply

1 recast

1 reaction

Martin pfp

@koeppelmann.eth

I like claim the least as this implies you have a claim against someone else - but instead it is you yourself minting/ issuing money.

0 reply

1 recast

1 reaction

Martin pfp

@koeppelmann.eth

https://frame.weponder.io/api/polls/25431

3 replies

29 recasts

73 reactions

Martin pfp

@koeppelmann.eth

Who has the same association with this as I have?

0 reply

31 recasts

98 reactions

Martin pfp

@koeppelmann.eth

we will get there. My analogy is Skype/VoIP. Back in the days it was a big deal that you could dial from Skype into landline. This is basically now "calling into Visa". Eventually of course both sides used VOIP/ will be onchain.

1 reply

0 recast

1 reaction

Martin pfp

@koeppelmann.eth

What is your take on this “proposed devision of labor“? My take is that also rollups should try to serve defi as good as they can but I also think it should be ethereum goal to remain the center of defi with the deepest liquidity.

1 reply

0 recast

0 reaction

henry pfp

Delighted that I can flex this now - @gnosispay OG #1325 > poor experiences with other payment services: lost card and unable to get replacement, poor customer service, not true self custody > used a payments off ramp -> mastercard which didn't work with a majority of payment terminals & was temperamental > joined gnosis pay waitlist for ~12 months waiting for platform to be ready > card got shipped to UK, waited ~2 months until could pick it up now...every time i need to pay for something, i am using funds in a wallet i have full custody over, using Visa which is widely accepted, and slowly earning $GNO in cashback 💪

1 reply

10 recasts

18 reactions

Martin pfp

@koeppelmann.eth

Circles core idea is: what if we take the great parts about bitcoin (decentralization) but remove the part where latecomers pay early adopters. https://x.com/tuurdemeester/status/1847512241173582058?s=46&t=AZa-6UBgzVo6iWBDBSMSNQ

0 reply

35 recasts

159 reactions

Martin pfp

@koeppelmann.eth

Yes, that’s a good way of framing it. There will be passive groups where the DAO essentially just attest specific crc but there can also be active groups where the DAO only lets you in if you contribute in some form to the value of the DAO CRC.

0 reply

0 recast

1 reaction

Martin pfp

@koeppelmann.eth

So, yeah, if all those 3 groups would have liquidity on DEXs you (or some routing algorithm/ pathfinder) would only use the "most valuable". So the value of your individual CRC is defined by the most valuable group that allows you to mint their group CRC with your personal CRC.

1 reply

0 recast

1 reaction

Martin pfp

@koeppelmann.eth

so you will always mint "Dan CRC". But groups can add you. If you got added to e.g. 3 groups you have the option (or more precise anyone who holds "Dan CRC") to convert Dan CRC into any of those group CRC. So group CRC are always meant to be backed 1:1 by individual CRC but they essentially allow to take e.g. 1000 people and create 1 fungible token for them.

1 reply

0 recast

1 reaction

Martin pfp

@koeppelmann.eth

Circles is still Circles. Core ideas are still the same and there is a migration. You can continue your identity and turn all your v1 CRC into v2 CRC. Technically: * CRC are now 1155 instead of ERC20 * many accounts in v1 got permanently frozen - v1 had a strict rule that if you don't mint for 90 days your account it frozen forever (can not mint anymore). In v2 the rule is different - in v2 you can never get permanantely frozen (unless you actively do it yourself) but you can always only mint for the last 2 weeks. * Important addition: groups!! You can now form groups (a contract (DAO, multisig, ....) can define a set of members) members can turn their individual tokens into "group tokens". Those are now fungible. In v1 we had 120k account and thus 120k different ERC20. This made it basically impossible to have CRC on a DEX. Group tokens can be wrapped into ERC20 and we expect those to be traded on DEXs. Here is the developer release: https://app.aboutcircles.com/

1 reply

1 recast

2 reactions

Martin pfp

@koeppelmann.eth

Circles is still Circles. Core ideas are still the same and there is a migration. You can continue your identity and turn all your v1 CRC into v2 CRC. Technically: * CRC are now 1155 instead of ERC20 * many accounts in v1 got permanently frozen - v1 had a strict rule that if you don't mint for 90 days your account it frozen forever (can not mint anymore). In v2 the rule is different - in v2 you can never get permanantely frozen (unless you actively do it yourself) but you can always only mint for the last 2 weeks. * Important addition: groups!! You can now form groups (a contract (DAO, multisig, ....) can define a set of members) members can turn their individual tokens into "group tokens". Those are now fungible. In v1 we had 120k account and thus 120k different ERC20. This made it basically impossible to have CRC on a DEX. Group tokens can be wrapped into ERC20 and we expect those to be traded on DEXs. Here is the developer release: https://app.aboutcircles.com/

1 reply

1 recast

2 reactions

Martin pfp

@koeppelmann.eth

oh yes, that is a nice one - certainly a candidate to use. I like the capital C at the beginning in the checksum notation.

0 reply

0 recast

1 reaction