Will Papper

@will

520 Following

4866 Followers

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Camel Up is undefeated in crypto circles 🐪

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I’ll be there!

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Ethereum public goods funding is alive and well. This is the real ETH alignment - supporting developers who are working day in day out to make the chain better

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Hardware wallet so not in any WC-connected wallets for me

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Cosmos got a lot of things right, but bootstrapping consensus is really hard

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Good question. It’s a bit different than most appchains because it’s not Turing-complete, so I view it as more akin to a cross between a DA layer and a storage layer. But in the sense that it’s a blockchain dedicated to an app, yes!

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The entire history of computing is one of vertical scaling -> horizontal scaling Large alt L1s/L2s -> appchains is inevitable

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Congrats @ted! 🎉 So exciting

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Someone should make a prediction market for MegaETH testnet TPS

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This isn’t exactly the plot of Daemon but it’s not very far off haha. Cited in the Ethereum whitepaper in their discussion of DAOs

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Agreed. Rollups in the Ethereum ecosystem are still centralized to a degree that I’m not comfortable with. But the more that moves onchain and removes centralized offchain permissions, the better off these systems will be

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My own take is that bottom-up experimentation is a huge benefit, solid interop and composability makes a massive difference, but bootstrapping consensus is really hard. We hope to make the biggest difference on the last item and improve the great work that exists for the rest

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Today we're bringing together everything: - DAOs taught us about ownership - working with consumer apps showed us scale - launching rollups revealed centralization risks They were all pieces of a bigger puzzle What we learned: - communities need real ownership - reaching scale comes from user alignment - value must flow to apps and their users - tech alone doesn't drive adoption Autonomous chains are our answer: a way for communities to truly own their platforms, control their economies & build their future. Excited to share more about what we're building. This brings together everything we've worked on since brainstorming the earliest aspects of Syndicate in 2018. The future is autonomous.

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community ownership + scalable tech + aligned incentives = Syndicate chain

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InfoSec. A curious, tinkering-oriented culture that’s mostly moved to Mastodon and is historically anti-crypto

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I really like https://www.eden.art/. The team built a lot of custom pipelines that are quite high quality (I’m also an angel in them, because I like the team and product)

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I’d differentiate between appchains and community chains here. For community chains, fees will likely be very low to encourage native token utilization, which tends to be a tipping currency/memecoin/etc. The low fees help attract apps and increase token usage For appchains that center around a single app, they have a lot more pricing power if the app is valuable. I’d expect to see higher fees here, since utility is already taken care of by the useful app

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Sustainable fees help a lot here. I like appchains that tune their own gas fees for this reason - aligns usage with fees paid, in a way that’s more sticky than e.g. NFT royalties of 2021 The actual mechanics seem straightforward once sustainable fees + the right regulatory structure is in place

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