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Danny

@mad-scientist

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86 Followers
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Danny
@mad-scientist
unpopular opinion - it will be hard for ETH to outperform BTC until BTC reaches the banana zone. After that it can rip. The banana zone is pretty high this cycle.
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Danny
@mad-scientist
Haven't used StarkNet in a while. Just got back to it, it's next level. UX improvement is massive. Everything just works, and fast.
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Danny
@mad-scientist
Is it possible for a based-rollup to have multiple blocks inside a single Etheruem block? For example sequencer #1 builds a block and pushes it to the current proposer via mev-boost, while sequencer #2 does the same thing, knowing not to interact with parts of the state that have changed, resulting in an Ethereum block with two blobs and two proofs, generating different non-overlapping state differences. Can this be done in theory?
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Danny
@mad-scientist
Most of the value in the world, be it monetary or not, is not onchain. Most groups, companies and societies, are not onchain. Ethereum lets everyone bring their assets, values and communities onchain. The rollup-centric roadmap lets each one decide their own rules. You're not bullish enough.
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Danny
@mad-scientist
Unpopular opinion - if you don't like the compromises done by some L2s, the solution is to use and promote based/enshrined L2 zk-rollups. These rollups are Ethereum, in every sense of the word. No protocol changes or action by the EF are required.
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Danny
@mad-scientist
Christine from the infinite jungle podcast (Galaxy) keeps having really distorted ideas as to the economics of solo staking. Let me give a breakdown: Capital cost - while this is by far the biggest obstacle for new Ethereians, many that have been here for a while have more than that in long-term storage. If you believe in the vision, why wouldn't you get rewarded for securing Ethereum? Network connection - until blobs, even ~15Mb/s was enough. Now you need ~50-75Mb/s. Not universally available, but I'd say most Ethereians have access to it. Cost - free. You'd pay for it regardless of staking. Hardware cost - 400$ or an old computer. Literally any old computer will do. Maybe 120$ for a new SSD. "Solo stakers don't perform as well as professionals" - from the network perspective, the differences are so small that you can't see them on an individual staker basis. From an economic perspective, solo stakers significantly outperform all LSTs. First, they don't pay the LST fees (>10%). Next, they got airdrops.1/2
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Danny
@mad-scientist
People talking about the rollup-centric roadmap being parasitic to Ethereum forget what were our previous alternatives. Remember plasma? One root plus DA per block, that's it (and multiples can be joined to share that root). Minimal data and almost no compute (optimistic). State-channels - not even that, just send the money (optimistic).
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Danny
@mad-scientist
Unpopular election opinion - after the election the democrats will (again) cry that they lost, despite wining the popular vote. This will (again) be their chance to change it. Trump spoke in favour of popular vote for president, they can strike a deal with him for a constitutional amendment. Include anti-fraud measures (voter ID, proof of citizenship, oversight) for the Rs, and popular vote for the Ds. Throw in a "this election doesn't count for the 2 term limit" for Trump, and he will take it. But they are not going to do that. They will just keep crying.
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Danny
@mad-scientist
From the outside, it sure looks like generating STARK-proofs for Ethereum blocks, at home, at ~1 sec timescales, will be doable in about a year.
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Danny
@mad-scientist
One day, ETH will break $10K, but that will not be the reason you should be happy. You will be happy because @vitalik.eth will tell us we deserved it.
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Danny
@mad-scientist
Saying L2s are "parasitic" is wrong. If L2s bring value to people, they are not parasitic. Even if they could infinity scale the L1, without paying anything to anyone, that would be amazing, not parasitic. What people actually mean is "it's not supporting our token price". BTW, that's also wrong.
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Danny
@mad-scientist
solana has some good engineers, but on the fundamental level, they are just a Western binance smart chain.
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Danny
@mad-scientist
The ticker is ETH
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Danny
@mad-scientist
Thoughts about decentralization and solo staking: Ethereum's core value is decentralization, and at least for me, this (also) means that anyone can have any role they want, from home. Run nodes, attest, but also propose blocks. Sometimes, others, with more resources, time or money, can build better blocks than me. That's just a fact of life. And if I can sell them the right to build my block, I'm at no financial disadvantage against someone who uses an LST. In the near future, some updates may (again) allow some participants to build better blocks. While we must keep the ability to build blocks from home, we need to acknowledge this discrepancy, and let anyone build the best blocks that they can. 1/2
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Danny
@mad-scientist
Moving the blob target to 4 or 5 (end of Q1 25? Q2?) and then waiting another 6+ months won't be enough to prevent price discovery. Just saying.
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Danny
@mad-scientist
Until this year, the advantage was on the side of tech companies, building the best rollups for users. From ~3-9 months ago, the advantage went to companies with large user bases, the tech is no longer an issue. The next big wave may be of companies with costumers or fans. A Marvel or a Disney rollup to trade NFTs and buy merch. A bank rollup of KYCed addresses to send funds 24/7. Every company will write its own rules. Some will be permissioned. The bank will be able to reverse the order that scammed grandma (within a time limit). Sending money outside will still take days (for scam protection). Much of it won't be for the cryptopunks. It will be for the normies.
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Danny
@mad-scientist
A based zk-rollup allows (the validator) to include a tx that, if valid, updates the state. But, the state is limited to the rollup contract(s). What if we add an EIP, that allows any contract/EOA to give permission to the rollup to update it? This way, L1 smart contracts can be part of multiple rollups and users can use them from their L1 address.
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Danny
@mad-scientist
hey @metamask, you do requests? Can I get cross-chain sends? Which bridge you ask, let me set one in the settings (and you can even push your solution as the default). You can also go ahead and integrate send+swap - i.e. any token on any (supported) chain to any token on any other chain. Just let me have control over the which backend.
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Danny
@mad-scientist
Why blobs don't have "Max Priority"?
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Danny
@mad-scientist
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