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Danny

@mad-scientist

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86 Followers
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Danny
@mad-scientist
I'm all for it, but realistically the impact will be small. This gas increase will allow a 2X increase in throughput, while we aim for a ~50X by peerdas.
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Danny
@mad-scientist
no. it's higher now.
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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
Ethereum today is more decentralized, more permissionless and more censorship resistant than it ever was. IDK what you're talking about.
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Danny
@mad-scientist
I liked the talk, but not the conclusion. We don't need the EF, or even any form of community consensus, to deploy based ZK-rollups. Many teams are working on this right now (like Taiko). There is no advantage in having an "official" version, you can get all the benefits, to users and the ecosystem, from these L2s. Multiple teams working in parallel will bring results faster than a concentrated community effort.
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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
Some, like Starknet, were huge. They also got first-class access with preferences to opportunities, like eigenlayer gave native stakers, and lido gives now.Technical difficulty - with modern GUI solutions - easy. But even without, it's still just following instructions on a guide. 10X easier than installing cuda drivers.
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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/sΒ 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
When done right (rare), airdrops and ICOs are the best mechanisms. ICOs raise capital while being fair to all investors, while airdrops incentivise behaviour and help build a community. Depending on the project needs, one or both are desired. For the ICO, the model I like most (and is never used), is investors specify sum and valuation, and money is raised (at the same price for everyone) to maximize the raise while keeping all participating investors at or below their valuation (so a small investor can always get ahead of a VC by offering a high valuation). For airdrops, it should reward hard-to-sybil behaviours, or behaviours we wish people would emulate, even for airdrops. This may depend on the project, but past participation in Ethereum testnets, solo-staking at genesis, building some blocks locally, using minority clients, significant contributions to open-source projects, or just good behaviour, for years, on an existing dApp.
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Danny
@mad-scientist
Train an LLM on all of Satoshi's writings (everything we know he wrote, forums, emails, code, everything), instruct him to pretend he is Satoshi, and interview him in light of where bitcoin and crypto is today.
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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
I'm all for it, and if we cut block time to 8 sec that's another 50% increase.
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