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pa7x1

@pa7x1

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A market will invariably develop when demand exceeds supply. Ethereum has not given up on sharding. We have effectively execution sharding today, and we will get data sharding with PeerDAS in Pectra. Ethereum averaged yesterday 300 tps. 20x the L1 throughput and 6x what we had before Dencun.
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@pa7x1
Please tag this post as NSFW! I got in trouble opening this.
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@pa7x1
Prioritize first anti-correlation incentives like the ones proposed by @vitalik.eth and only then start discussing issuance curve adjustments. As it stands any reduction to issuance will tend to kill first solo stakers before centralized operators. Resulting in further centralization.
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nixo
@nixo
imo, this would be a huge level up for home stakers. Penalties for missed attestations would be larger for pools with few node operators and for centralized providers while solo and home stakers would experience smaller penalties https://ethresear.ch/t/analysis-on-correlated-attestation-penalties/19244
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@pa7x1
This hits it right in the nail.
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pa7x1
@pa7x1
The only responsible choice, thank you!
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@pa7x1
Lies, damned lies, and SOLies. A quick fact-check on what's the actual throughput of Solana and how Ethereum is already on the same ballpark without even hitting half of target blobspace used. https://old.reddit.com/r/ethfinance/comments/1bll5sr/daily_general_discussion_march_23_2024/kw6heya/
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This is just signaling that your theory is an effective theory, not fundamental. And that you need to use renormalization to fix those infinities that signal your theory is not correct in the ultraviolet.
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https://news.ycombinator.com/item?id=39525483 For the brave that feel like explaining this stuff and engaging with a difficult audience.
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pa7x1
@pa7x1
Another counterpoint to this is that the properties you seek from the money settlement layer (permissionless, censorship resistant, credible neutrality and permanent availability) can't be inherited by the financial system unless this settlement layer is Turing complete. Which allows you to settle arbitrary logic.
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pa7x1
@pa7x1
@vitalik.eth is modern-day Paul Erdos - Nomadic lifestyle - Publishes research papers with many coauthors - (m)ETH
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pa7x1
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Doubling the hash bits only solves 1 problem of the 4 I mentioned. Grover's algorithm provides a quadratic speed to find hashes. It weakens them. But all the rest (ECDSA, KZG, BLS) depend on elliptic curves, Shor's algorithm provides an exponential speed up here. It breaks them.
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I think you need of the order of 10^6 qubits to pose a realistic threat to public key cryptography. There seems to be announcements of 1000 qubit computers as of late 2023. In 2021 we were at 100 qubits. In 2019 we were around 50 qubits from a quick search. Seems to be accelerating enough to start having a plan.
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For Bitcoin: - Mining difficulty will raise as quantum computers have a speed-up there. Nothing breaking I can think of for mining, just new steady state with higher difficulty. - But private keys will be compromised. They will need a hard fork to migrate to post-quantum algorithms. Godspeed to them pulling it off.
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@pa7x1
From the top of my head: - ECDSA used for public key derivation is broken. - Hashing algorithms are weakened by 1/2 roughly. - BLS signature aggregation used in PoS is broken. - KZG used for blobs is broken. The solution is to migrate to post-quantum algorithms like lattice-based.
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A blockchain that gives up decentralization for speed is like a formula 1 race car with tractor wheels. Neither good for the race track nor working the fields. Sometimes key properties degrade completely and become pointless if you give them up.
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