Ryan Shea — e/acc pfp

Ryan Shea — e/acc

@ryanshea.eth

420 Following
83239 Followers
Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
Zhu 😍
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
Fuck yeah, get it!
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
Yeah I’ve thought of this as well but the hard part is figuring out how to deliver value to the token
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
Do you know Ordinals? Let’s use that as an example. Wouldn’t you want your asset secured by the most hardened network there is?
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
Base and Optimism are simple multisigs whereas ethereum is effectively one because of 34% attacks of PoS networks (just a very large M and N in the M-of-N). The details of the rules behind how one can authorize a withdrawal from the multisig are what make it safe or not safe.
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
The only protocol that can’t be considered a Multisig is Bitcoin because it’s proof of work rather than proof of stake.
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
I mean, by your definition, everything is a multisig. Ethereum is technically a multisig.
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
You also have to worry about collusion between oracles, lenders and depositors. But no it’s not a simple multisig.
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
No. Overcollateralized lending. You don’t have to trust a multisig. You just have to trust that the protocol won’t break in some flash crash scenario (it shouldn’t if it doesn’t have bugs). https://tbtc.network/developers/tbtc-security-model/
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
Yes. Stacks is building sBTC. And tBTC already exists on ETH and they’re building their own L2.
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
With BlockFi et al you were giving up your btc to others. With some Bitcoin L2’s you can lock up your btc and use it on another chain, without risking a central third party being able to abscond with it. Yes there are risks, including protocol failure, but for many it’s worth it for at least some of their btc.
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
Incredible news https://x.com/PauseAI/status/1777300788580094158
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
@dwr.eth @v Would be cool to have a feature to allow one channel “acquire” or “merge” with another. It would entail adding the followers together, merging the set of admins, and having the channel go under both of the two channel names/handles.
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
The Anti Precautionary Principle: The worst cases in human history of decisions leading to mass preventable death have come from applying the Precautionary Principle Therefore, just to be safe, the Precautionary Principle should never be applied in any circumstance whatsoever
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
Watch for a peak into the mind of decels Deliver value, and help people understand it, that’s our responsibility as technologists. That’s how we help people and save the world. https://youtu.be/20TAkcy3aBY?si=2260_TN2x9Hx2Agj
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
Also trying not to do quote posts could be helpful because those are double the height.
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
@zinger IMO having so many pinned posts makes it hard to read and catch up in this channel. You have to scroll far below the fold. What do you think of limiting it to one pinned post at a time?
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
Aka the Reverse Precautionary Principle Aka The Precautionary Principle Precautionary Principle
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Ryan Shea — e/acc pfp
Ryan Shea — e/acc
@ryanshea.eth
The Anti Precautionary Principle: The worst cases in human history of decisions leading to mass preventable death have come from applying the Precautionary Principle Therefore, just to be safe, the Principle Principle should never be applied in any circumstance whatsoever
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