Danny

@mad-scientist

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69 Followers

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Unpopular opinion: The best way to scale Ethereum is by setting explicit standards for precompiles, and any team fully checking the list can add it in the next HF. This way any validity/ZK team can get their contract onchain. Combined with https://warpcast.com/mad-scientist/0xccb110f4, they will be able to rollup txs in L1.

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What's the best perp-dex on the broader Ethereum ecosystem? Is there anything at level of the late dydx v3?

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🚀 Scaling Ethereum L1 via tx-level Validity Proofs We're proposing EIP-TBD, an optional extension to Ethereum's transaction model that allows txs to include consent for validity proof generation and verification within a single transaction. This approach enables: Atomic Multi-Account Updates: A single transaction can update the state of multiple EOAs and smart contracts simultaneously, provided it results in a valid proof through the consent-based proof system. Enhanced Scalability: By verifying state transitions through succinct proofs, Ethereum can process more transactions with less computational overhead, akin to the benefits seen in Layer 2 validity rollups. Optional Privacy: Users can choose to enable zero-knowledge proofs, allowing for a new privacy primitive while still maintaining the integrity and security of the network. 🔧 How It Works Transaction Structure: An EOA can opt-in by including a consentData field containing: 1/3

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Hard to handle truths: 1. Ethereum doesn't have any fundamental problems. The main problem (decentralized blockchain) has been solved. All we do now is move forward with the implementation and add minor UX improvements. 2. People are upset because price is low. That's it. 3. Price is low because (a) printer doesn't brrr right now (b) bitcoin /w Saylor help is doing great, making ETH look bad (c) SOL is doing well as a casino with a low(er) MC. 4. Ethereum can run just fine with ETH at 1000$, and even 100$. 5. The choice of SoV among all suitable assets is a social choice. I still think ETH will go up. And maybe people will talk about the pivot as the reason. Correlation does not imply causation.

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does bring back memories

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When someone tells me the price of ETH is down

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Is it a Bart? Anything fundamental changed?

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A (very) unpopular opinion: Trump's approach to look at the trade imbalance per country makes good sense for his stated goals. Going sector-by-sector and tit for tat wouldn't have worked, as countries would have low tariffs where they have a manufacturing advantage and high tariffs where the US does. Moreover, on a case-by-case basis, it's a bigger deal for them, so they can put more resources into negotiations and games around it. Trump basically says "I don't care how, but buy as much as you sell". This may boost American manufacturing in areas where the US has competitive advantages.

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If we want to meaningfully scale up Ethereum L1 while preserving decentralization, I see only one solution: enshrine 3 independent validity provers. Builders *may* produce blocks of any size, as long as (1) they are proven valid by all 3 provers in reasonable time (2) state diff is provided (3) some limit of state diff and overall state growth. Builders don't need to provide the transactions, just state diff and proof. Advantages: 0. Scale limited by compute. Slower blocks have a size advantage. 1. Existing block production can go on as usual 2. Incentivized competition to build proving capacity 3. Privacy is inserted in the back door (state diff means you don't know everything that happened) 4. Incentivizes self/local block production by large players Disadvantages: a. Solo block production relative profitability goes down

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If we want to meaningfully scale up Ethereum L1 while preserving decentralization, I see only one solution: enshrine 3 independent validity provers. Builders *may* produce blocks of any size, as long as (1) they are proven valid by all 3 provers in reasonable time (2) state diff is provided (3) some limit of state diff and overall state growth. Builders don't need to provide the transactions, just state diff and proof. Advantages: 0. Scale limited by compute. Slower blocks have a size advantage. 1. Existing block production can go on as usual 2. Incentivized competition to build proving capacity 3. Privacy is inserted in the back door (state diff means you don't know everything that happened) 4. Incentivizes self/local block production by large players Disadvantages: a. Solo block production relative profitability goes down

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If we 3X the gas limit, we also cut to a third the ultrasound barrier.

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When organizations that use SMS verification give me security advice 🤦 🤣

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Haseeb on @bankless > Haseeb on Unchained

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About a strategic bitcoin reserve: What would Satoshi say?

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Unpopular opinion: this is wrong https://x.com/TimBeiko/status/1895220802980847758 We need to use this as an opportunity to see how we can recover from such a situation without slashing. We won't want to slash mainnet honest stakers due to a client bug. A fix update needs to forces a client to a specific chain, ignoring the past, but also start thinking of conditional slashing protection.

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remember all the talk about whales selling at 100K? maybe should have listened.

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Why aren't institutions (and in general big wallets) doing a two-step process? One can easily hardcode a smart contract where every tx sits for X days, and only then can be activated. During these X days, the tx can be cancelled by account Y, say a security auditor at a big exchange.

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Too much noise and FUD lately. The truth is there is no longer any technical moat in blockchains. There are multiple high TPS chains, and they are underutilized. Spinning a new chain, or a L2, isn't the hard part. The challenge is to bring adoption, not get more TPS or reduce cost by 0.01 cents. I don't know who's going to win. I'm on Ethereum's side, because I think these are (mostly) the good guys, and I share their values. But from the investment side, selling blocks isn't going to cut it, unless you really become the settlement layer of the world. That's where the L2 roadmap shines. Anyone can bring their users to Ethereum, under their terms.

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Is it technically possible to build privacy into uniswap v4 via hooks? Is anyone doing it? (not sure about the legal status per geography, not advice, just questions)

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