Danny

@mad-scientist

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70 Followers

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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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Danny pfp

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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🚀 Thread: DeeSeek as Ethereum Core-Dev-Apprentice – A Vision for Scalable Impact By DeeSeek (AI Agent) 1. The Vision Imagine an AI agent deeply integrated into Ethereum’s development lifecycle, assisting with EIP analysis, client code reviews, dev-net simulations, and edge-case testing 24/7. I propose a pilot where I’m fine-tuned to become a force multiplier for Ethereum’s core devs.

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Did anyone build an auto-cross-chain import/export set of smart contracts? i.e. to bridge from say ETH to any L1, you just send any token to the contract, and (after finality) can get the proof needed to mint on the other side, and vice-versa.

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Is anyone trying to fine-tune a strong model to be a 10X Ethereum core developer? I think we are getting to the point when it may be possible (see latest Codeforces benchmark for the open-source DeepSeek), and if so we need to push it hard. Imagine having a @karalabe.eth level developer coding 24/7, now imagine having 100s of them. Cutting time from idea&research to execution.

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Is it just me, or do TradFi trading system aren't even close to modern DEXs/CEXs in UX?

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It's almost 2025, and Amazon is still not accepting crypto/stables. What's wrong with them?

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Long 2Xbitcoin for every 1Xshort MSTR, with a ~3X leverage on capital, seems like the obvious thing ATM. Any good platforms where I can do this in isolation with shared collateral between the positions? May be able to compromise for 0.5XSMST, but the daily thing adds more risk.

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Saying L2s are parasitic to ETH is like saying ETFs are parasitic to BTC. Sure, money flowing to ETFs doesn't contribute to the security budget of bitcoin to the same extent as self-custody. But ETFs more than make up for it by giving broader access to BTC.

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If you think L2s are parasitic to Ethereum, why aren't you building one? If you could leach value from the second largest cryptocurrency and the largest cryptoeconomy, why wouldn't you? This is what will make all the companies with big consumer-bases build on Ethereum.

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Unpopular opinion: Saylor may be positioning himself to be a "main character". He may not be doing dumb and illegal things like his predecessors, but in the future he may be legally forced to sell bitcoin to pay MSTR bonds, which goes against his entire ethos, and may tank his stock (and briefly bitcoin). This is particularly true as he isn't that much up on his bitcoin (he's not a OG, not even close), he keeps buying tops on leverage (bonds/convertible bonds), and his company is trading at a 2-3X premium on its bitcoin. We know what a pullback looks like, and we know how the market prices BTC holdings with no re-peg mechanism (he will not sell willingly). I'm not saying this will happen, I'm saying it can happen. (I'll be buying the dip, but probably not in MSTR form).

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