Home
Notification
Profile
Trending Articles
News
Bookmarked and Liked
History
Creator Center
Settings
armaniferrante
--
Follow
If the majority of your throughput takes place on a centralized sequencer, you're not the World Computer. You're just a computer.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
See T&Cs.
211
0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Sign Up
Login
Relevant Creator
armaniferrante
@armaniferrante
Follow
Explore More From Creator
There's no first principled reasons why CeFi has to be opaque. Computational integrity techniques have been around for a while and are now getting super powers with zero knowledge proofs. Transparency isn't what makes DeFi special. It's decentralized control.
--
One reason why the centralized sequencer conversation is so contentious is that for years people were criticized and ridiculed for anything remotely centralized. Those same people took the punches and dedicated themselves to solving really hard problems most gave up on. And now that those problems have compelling solutions, it feels like the goal posts have shifted. Apparently sequencing is an exception to the decentralization dogma. How poetic that the roles have reversed. Maybe it's important. Maybe it's not. In reality, there's no virtue in any of this. We should all love each other. We should all compete with each other. And we should all just go get users and grow the pie.
--
People misunderstand why trust minimized custodial products are important complements to self custody. Stablecoins, ETFs, RWAs--everything that allows crypto to eat traditional finance--requires high integrity custody because most of the world's value is natively off chain.
--
Privileged sequencing is equivalent to custody because you have a million ways to steal money by creating systemic unfairness in trading. That’s why markets regulation is separate from clearing houses, brokers, custodians, etc. It’s about risk, and you still have all the same risk with a centralized sequencers as you do in traditional markets, which are already verifiable and continuously surveilled. Separating execution from custody isn’t a new thing. It’s existed for decades. Single sequencer layer 2s solve the custody problem. They don’t solve the market integrity problem. You need to solve both by decentralizing the sequencer.
--
People dunk on Ethereum project management but the rollup stages, the social expectations around them, and the collective priority to decentralize is really impressive. Would be good to see it applied to other things like upgrade authorities in DeFi, proof of reserves in CEXs, and other single points of failure.
--
Latest News
Binance Alpha to List LayerEdge (EDGEN), Airdrop Claim Opens June 2
--
Bitcoin(BTC) Surpasses 106,000 USDT with a Narrowed 2.21% Decrease in 24 Hours
--
Cantor Fitzgerald Plans Bitcoin Fund with Gold Hedge
--
Pantera Capital Highlights Key Investments in Crypto Firms
--
Trump and Musk to Hold Press Conference in Oval Office
--
View More
Trending Articles
🔥 🚨 Crypto horror in Buenos Aires: Kidnapped, Beaten, Robb
Malwab
💥India x BLACKROCK: The Crypto Plot Twist We Didn’t See Com
Dayle Gargani BhzH
[Claim here](https://www.binance.info/en/support/announcemen
Effie Tapanes
$BTC The Fed Just Subtly Shook Up Crypto — Here’s What You M
rubina atta
🚨 XRP SUPPLY SHOCK INCOMING — Are You Ready? 💸💥 I’ve bee
cryptokey134
View More
Sitemap
Cookie Preferences
Platform T&Cs
