do cool shit #web5 @runningckb
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going beyond unidirectional is a pain (especially in EVM) because participants have to monitor channels (run nodes)
Rene Pickhardt recently showed that Lightning scaling is gated by 2 participant channels (liquidity) so n-party channels are the way.
piped.video/watch?v=c3AuaHJo…
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as someone who has been anti-robot for years, my stance is being softened a bit by how much they like CKB
piped.video/CeUt6YssKys
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there were some important years (2013-2017) that BTC's price was disappointing and people asked what it was good for
CKB is similar, innovators see the potential but adopters do not. It reminds me of this meme. There is a lot of work to do, but it's working
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appreciate your question!
everything that is being called web3 is actually a combination of web3 (p2p) and web2 (traditional web technologies), web3+web2=web5
I did a talk here if you're interested in learning more
piped.video/bKsBX3mLojk
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Those of us in agreement about the need for self-sovereign financial systems will soon move past our small differences
Looking forward to a network that connects all our implementations
2008: Satoshi sets out to improve payments *on the internet* with an ownerless system
2025:
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I respect you being willing to throw an insult in there but you could have found something stronger to lean on
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but this one specifically
Many great insights about ETH & Ethereum in this report via @CoinbaseInsto research.
ALT Ethereum Research by Coinbase
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life is defined by the questions you ask
piped.video/V5wEtgqGgFo
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After discovering Bitcoin, Brian Armstrong left Airbnb in June 2012 to found Coinbase, witnessing first hand Airbnb's pain points caused by a myriad of local currencies in an increasingly borderless world
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this was the model I was referring to 😃
I guess it kind of maps to the real world in that the maintenance is paid via a tax on citizens 🤔
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choose your fighter
The next 10 years of Ethereum laid out by @VitalikButerin:
- ZK-snarking everything.
- Privacy by default.
- Ultralight nodes.
- Self-custody.
- Finance happens on Ethereum by default.
He envisions a future where cryptographic verification is the norm.
“The era of ‘trust me’ for security starts looking as archaic as the era of not cleaning our water… we’ve already gotten there with HTTPS… we need to get there with everything else.”
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PoS/Account model systems are only derivative of Bitcoin in that they required digitally native, permissionless value to bootstrap
They are basically Liberty Reserve with ego, and for many the ego is decaying
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being right only matters if someone notices
and so we keep working.
We asked @hosseeb of @dragonflyvc if he thinks the top of proof of stake is in.
"We're probably going downhill from here."
"Staking mania was definitely a little bit of an illusion."
"This idea that you're paying for security is kind of a meme."
"This kind of economic fiction, I think, had to go away at some point."
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returns can be measured in quarters
ideas can be measured in decades
proof of stake won't be obsoleted in a day but there seems to be a clear trend line forming
Proof-of-Governance as the Endgame for LSTs
I propose a change to the Celestia protocol that would remove unnecessary issuance, from 5% to 0.25%, without affecting security. It would also allow for a seamless LST-equivalent, allowing $TIA to be used in TIA-native DeFi more easily.
This change would commit Celestia to accruing value through REV and fees, through abundant DA throughput and verticalization with execution and applications, like TIA-native DeFi.
(this is celestia)
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i have him blocked for now, no reason to mudsling with his kind
once cornered on these things he abandons all his sacred "principles"
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