polynya

@polynya

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Sure, you do the best with what's available and things will be far from perfect; the problem is when you don't care at all - which is how 99% crypto protocols are designed

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"This is just a tool, don't care how people use it" is sociopathic behaviour Developers and community builders must design and build their protocols to favour positive outcomes, or they'll continue infested by scum of the earth as crypto has for the last decade We must do a whole lot better, not turn a blind eye

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The problem is the ZKP teams are focused on token/chain stuff as that's where the money is right now, but I do hope some of them pivot when they realize the infra space is highly oversupplied right now. The TAM for working with governments and big tech is potentially much greater in the long term too

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I've been shouting against the predatory SBF-style low-float/high-FDV token drip feed model becoming industry standard for many years now, Ekubo is a pretty interesting alternative, which has 33% circulating at genesis, 67% circulating within ~2.5 months, and "only" 33% to insiders Disclaimer: don't hold any

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Ironically, that's why this usecase has been underexplored and neglected in favour of one that has chains and tokens

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The most impactful use of ZKPs would be converting existing registries of various types (particularly, government registries) to be privacy-preserving (under specified conditions) and verifiable (granularly) Better experience and privacy for billions of people, and simultaneously more efficient law enforcement

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In which case it does not require strict global consensus and should not use public blockchains (there's a wide design scope for non-blockchain solutions) Something like a financial system does require strict global consensus

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My attempt to define "strict global consensus": - A strictly ordered and objective list of transactions, - that everyone on the network agrees to exactly, - in near real time If some element of an application necessarily requires these, use blockchains; for everything else there are much better solutions

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Plutocracies are not "decentralization" Scamming is not "freedom" The 1% shilling their degen bags and extracting wealth from 99% is not "meritocracy" No more excuses for rampant negative outcomes in crypto, there must be positive action to design better systems and instill more optimistic social & cultural values

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Blobs are already pruned so not retrievable on Ethereum, history will be pruned with EIP-4444, and eventually state with state expiry/hibernation Indeed, we're relying on P2P systems to not forget data Ethereum has & will Some obscure files are forgotten is an incentivization problem, not one inherent in P2P systems

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P2P + ZK - blockchain offers significantly superior decentralization, efficiency, privacy, verifiability, censorship-resistance and permanence The *only* thing blockchains are good for is strict global consensus Alas, many apps are being compromised into blockchains because of financial incentives over rational ones

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As I've spent dozens of blog posts explaining... most things claimed to be for blockchains really don't need blockchains, and of the ones that do, 4844 blobs are good enough for all high value transactions, and EigenDA is good enough for all low value transactions. But infra obsession still persists...

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Yeah, it may be needed for low value or non-financial transactions, and as more performant L2s come online. Right now, not really, but I expect demand to be induced over time

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Re: blob utilization: - Saturation is taking longer than I expected - Execution is the very harsh bottleneck as expected - Original 4844 spec, 1 MB, or 3x current, is ample for valuable txs for years to come. "4844 and Done" is real - L1 PeerDAS & EigenDA are cool; but execution, novel apps, user acq. must be priority

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Chinese-speaking regions tend to skip 4, but it's not skipped in rest of Asia

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~5% of the world's population that have an outsized presence on Farcaster seem to find these to be hot takes But these have always been true for most of Asia, and also largely true of Europe and Africa Lots of other not-very-civilized things in Asia though, IMO as an Asian https://warpcast.com/vitalik.eth/0xc6c8afaf

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I've written 150+ blog posts discussing potential solutions, including covering the topic brought up in this cast multiple times, one of those being: https://polynya.mirror.xyz/UL8_QVNtB-nQoPYyoGyTteJoFNf9jEubzdRqO_5Ez58 However, critics should be welcomed, it's the builders who learn from it & respond with solutions

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Blockchains are just another centralizing tool, with the default outcome significantly worse than traditional incumbents - removing all the democratic checks and balances, replacing them with grotesque plutocratic control It takes significant will and effort for a blockchain to realise its decentralizing potential

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Which one? 😂

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