polynya

@polynya

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I haven't commented about rollups in several months, if not over a year, so I'm just a casual observer now... Native rollups are pretty cool, and what I meant by "enshrined zkEVM bridge" a couple of years ago (except they've got a wider scope than zkEVMs) However, they are not "enshrined rollups", as I wrote about them at least, which are in-protocol, L1 rollups Overarching thought on rollups: there simply has not been anywhere enough demand to saturate 1,000+ chains by 2025 like I had expected in 2021. Including all L1s and L2s, there's maybe like 10, at most. I'm sure demand will grow, but not to the magnitude anyone expected. It would be prudent to factor in this lower terminal demand in infrastructure designs, instead of just "build it they'll come" hopium. https://x.com/apolynya/status/1629651981768990720

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It is pretty clear that Bitcoin as a blockchain is a colossal waste of energy. As BTC custody continues centralizing to a few ETFs, CEXs, institutions, in the long term >50% of BTC will be held by a handful of organisations Might as well just cancel PoW and move to PoA at that point. It would actually be *more decentralized* as PoW will inevitably centralize over to a handful of industrial players and pools due to crippling economies of scale. Plus, it'll solve the security budget problem. As before, the full nodes will be there as the last line of defence irrespective The only thing matters for BTC is it remains a speculative store-of-value, doesn't matter the mechanism to achieve that https://x.com/i/trending/1885868663116296256

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Relieved at least someone still takes being a neutral global platform seriously https://warpcast.com/vitalik.eth/0x4ec62843

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Lol, exactly, the seed he planted has grown to its final form

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I used to complain a lot about DeFi, L2 tokens etc. and their abysmal token distributions in 2021/22, to deaf ears That particular slippery slope has met its valley Just straight up criminal extortion, no filter 🤣

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It's surreal to see cryptobros cheer on blatant capture by 1 country, real or imagined, by heavily shilling "American coins", with very little resistance Just more evidence for what we all know - very few give a fuck about defending a neutral globally accessible system, it's all about greed & whatever pumps your bags

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Well, if it helps even one person bring some logic back into this space, that makes me happy :) I still participate, albeit barely. I'd absolutely be open to participating more again if even a semblance of said logic does return, but I'm not holding any breaths All that said, I'm sure you know, but just note that a lot of my content is really old and may be wrong and obsolete, especially in something as fast moving as crypto

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Out of curiosity, how did you stumble upon this ancient tweet? I have no memory of writing this 😂 Though it's actually gotten much worse as the crypto market has been saturated entirely by gamblers. Even Saylor is just a scaled up version of the degen gambler that sells their house to ape in

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There's a "Feeds" feature on the default app covering different topics, but I've heard some of the third party apps have much better discoverability. Haven't tried them though, I just got sucked into it as a specific topic I'm interested in has all of the good discussions there.

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While I mentioned academia specifically in my last cast about Bluesky, I've also noticed a lot of the cutting-edge discussions around finance, economics, markets etc. have steadily been moving to Bluesky. There's no reason Farcaster couldn't be a good fit for these communities, this is a once-in-a-decade opportunity. And no, none of these topics are about politics, since for some reason a lot of responses shoehorned politics into it.

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Well, that's just Vitalik's opinion, I don't think anyone else has called me that. All of my writings have been about tech and applications, and how to make the best of blockchain tech. The only time I've talked about anything culture related is being against too much degeneracy and bigotcoins, or against scammers, but obviously ethereum users and ethereum culture in general disagree with me given degeneracy is still a massive part of Ethereum

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I used to do that before, but nowadays I don't really care. I wrote a post about it: https://polynya.mirror.xyz/oruSLHzzOQOdZwX_DyQcL-fMvX4rSybhc1Z-MdndAW0

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Yeah, there's definitely development happening, but like I mentioned in the original cast, I'm more interested in Farcaster

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Firstly, I don't own any ETH, not sure what "ETH culture" is Secondly, I literally said in the cast I'm more interested in Farcaster than Bluesky

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There's a whole lot more happening on Bluesky than "partisan politics", otherwise I wouldn't have been active.

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For clarity, not a criticism, just my observation. Targeting crypto makes a lot of sense, but it's a tiny niche, and one that's very unappealing to most normies. Which is fine! Better having a small niche than nothing at all. The real question is is there a goal to expand the audience later? How can that happen? What are the drawbacks to targeting crypto first? (like I said, unappealing to most people)

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Lately, I've been more active on Bluesky (different topic, different anon), and it's growing pretty fast. Given Elon has oriented Twitter towards anti-intellectualism, certain communities have moved wholesale already, particularly academia related. It's basically just Twitter without the bloat, but slower still... Farcaster is more interesting to me, but Bluesky has won the attention game - no one knows Farcaster exists outside the niche crypto crowd.

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Vitalik discovering capitalism

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*December solstice Or, even better, Southern solstice

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A personal note on this: I spent the last year of my blogging career focusing on exploring from first principles the fundamentals of blockchains. It hasn't gotten much attention, but I still believe it's by far the most impactful writing on my old blog. Blockchains are only useful for strict global consensus, with the key overarching usecase being objective accounting. For everything else, there are far more efficient and more decentralized options available/to be invented. Being dogmatic about only using blockchains has actively hindered growth for years - to expand the onchain economy we must adopt & invent better solutions, even if its not technically "onchain".

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