Wei Dai

@weidai0

2 Following

60 Followers

Wei Dai pfp

We are all building the same thing: infinite, dynamically & horizontally scalable blockspace (d)Apps can choose within the sovereignty vs composability spectrum. Fees are infinite dimensional, enabling infinite number of "composability domains" (apps that compose). - If an app needs no composability, it will have an independent fee market that is free from global congestion. - If a group of apps need composability amongst each other, they will share a fee market. The two popular scaling & interop approaches today can achieve dynamic horizontal scaling: 1. Coordinated sequencers + shared settlement (+ ephemeral rollups) can get us there. 2. True parallelization + local fee markets on a single chain can also potentially get us there. There are of course lots challenges that I swept underneath the rug here, such as the need for horizontally scalable DA, as well as a new smart contract framework that fits the entire trade-off spectrum for apps (existing VMs are not designed for this).

0 reply

0 recast

1 reaction

Wei Dai pfp

Why I'm excited about investing in crypto infra 🧵 Crypto and trust-minimizing technologies will transform foundational infrastructures across industries. As an ex-academic and now investor, I strive to find, fund, and partner with 0-to-1 innovators and 10x disruptors. At @1kxnetwork, our thesis is that crypto will disrupt sectors with high costs of trust. We believe that new digital infrastructures will be built to be resilient & trust-minimized, while being interoperable, scalable, and user-empowering. Unfortunately, crypto infrastructure today is simply not yet robust, scalable, interoperable or private enough for billion-user super apps to fully operate on top of. We don't need more infra. We need better infra. We need 0-to-1 innovators and 10x disruptors. If you are working on something that fits that description--whether it's rigorous academic research, novel application of existing tech, or even moonshot ideas that simply compel you--please don't hesitate to reach out. DM's open.

0 reply

1 recast

7 reactions

Wei Dai pfp

Blockchains don't need to be transparent, they only need to be accountable! Transparency => accountability + absence of privacy Accountability is main property we want, not the absence of privacy. Example: a zk validium can be accountable but not fully transparent.

0 reply

0 recast

2 reactions

Wei Dai pfp

Users on Degen lost funds because the default bridge is not the canonical bridge. This is why we need fast canonical bridges! ZK solves this (faster settlement). Shared sequencing can also solve this (atomic mint/burn). Security doesn't matter until it does.

0 reply

0 recast

0 reaction

Wei Dai pfp

The blob "flippening": Ethereum has now published more blobs than Celestia, depsite being live for only 10% as long. Ethereum (15 days post Dencun): 125.3K blobs (left img) Celestia (149 days post mainnet): 123.6K blobs (right img) Is this the beginning or the end of the blobs war? Comment below 👇

2 replies

0 recast

1 reaction

Wei Dai pfp

We are looking for a crypto infrastructure analyst to join our team! If you are driven by innovation and eager to shape the future of crypto infrastructure, we would love to hear from you! https://1kx.breezy.hr/p/92d4057749a4-research-analyst-crypto-infrastructure

1 reply

0 recast

0 reaction

Wei Dai pfp

Hello Farcaster! My first x-post from Twitter. Exactly two years ago, I put out an article on privacy in web3. The space has made a lot progress since, and in a way that my article had predicted. Here's a quick recap 👇 https://wdai.us/posts/navigating-privacy/

1 reply

0 recast

2 reactions