Trevor

@treboryatska

92 Following

48 Followers

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Is catastrophe risk, or the risk of ruin, higher in sovereign rollups than Ethereum smart contract rollups?

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Using Base as an example for OP ecosystem, there is ~$1.6BB in funds locked in the bridge contract. Base has brought in tremendous revenue past 90 days. They can afford some level of smart contract insurance to mitigate impact of a bridge exploit. Should users demand it? https://defillama.com/chain/Base

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I think the recent push to build on top of Bitcoin is a pure money grab. If you are a builder that loves Bitcoin, why try to make it compete with smart contract chains, which have a 10 year headstart? Just lean into your value prop.

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Imagine contributing to an open protocol with >200 mo runway, & real product generating earnings ~2x mo cash burn. Imgn this project solves real wrld probs & provides crypto native utility. Imgn this project has >$60MM in retained earnings in the last two years. Imgn this project has an endowment w/ >$100MM for future.

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Free txs if user verified. If I have a world ID, I'm sending my assets to the L2. But, friction is still massive to find an orb. Most activity is speculators chasing drops/APY/memes rn. They won't seek an orb, and likely don't care about free gas--jus cheap gas. But real use cases, like social will be interesting.

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$ETH liquid restaking causing validator queue to lengthen? This is a problem for single slot finality. Maybe negative rates are needed?

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Just build. And hire a really good legal team. And probably a good gov affairs team.

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The FLP impossibility result tells us, no matter how smart you little nuggets are, there will never be a consensus protocol that satisfies both liveness and consistency in the asynchronous setting.

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On mirror as well https://mirror.xyz/0xd96FA162b064553822e765545E3D48a054eC81F6/kMhc-wEBgmw72Cjo8xe10C78W6czik6c3FylnYHQmtY

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Speculative payment tokens introduce cost uncertainty for product customers, and ultimately limit medium-to-long-term product adoption https://paragraph.xyz/@oxygenate/web3_product_adoption

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If you're not launching an Ethereum L3 for trading memecoins with a memecoin as the gas token are you even part of this industry?

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Current bank/government balance sheet woes cause global regulatory finance aversion to self-custody crypto. Quick thread.

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It is more appropriate to compare Ethereum to Celestia than Solana. Ethereum is a DA chain with added ability to execute (validate) fraud/zk proofs. It may take mainstream a cycle to realize this.

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Ethereum enforces the validity of offchain transactions that would affect account state maintained in a contract residing on Ethereum. Why is this important? In order to reorg rollup txs, you’d need to reorg Ethereum too.

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How hard would it be to duplicate Ethereum? Not just technically, but socially? What would have to happen to achieve the same ecosystem? To achieve the same level of dev contribution. The same ability to ship important updates when billions are on the line?

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Eth rollups provide an offchain, async process for ordering & executing Eth txs that runs parallel to Eth consensus. The separation & parallelization of functions opens a wide design/problem space for devs. https://mirror.xyz/0xd96FA162b064553822e765545E3D48a054eC81F6/PcBg8N3uQsOb4LBxpOYtGPTpgOI5F5WpUtPlj_h6nnI

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Gm 21 Sunday morning in the states gwei

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DUNA for the rest of us

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