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_weidai
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prediction: the word "dapp" will die
just apps or onchain apps
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_weidai
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A straddle (call & put option or a long & short perp) is like quantum teleportation for money. Value magically goes from one position to the other as price of the underlying moves. Don't believe PnL charts of a single account.
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Reject privacy maximalism; embrace privacy pragmatism. 1/ The Onchain Privacy Trilemma 🧵👇 Privacy is the last hurdle to mass-adoption of onchain finance. Can we simply add self-sovereign privacy to today's onchain finance and expect everything to work better? The answer is no. We must make hard decisions on trade-offs between the following three desirable properties: 1. Maximally useful: no transaction limits, supports private payments and anonymous DeFi 2. Self-sovereign privacy: contents of private transactions cannot be revealed without consent from involved individuals 3. Threat resistant: adversaries cannot use it to hack & launder funds Choose any 2, but never 3
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How many onchain crypto apps have hit PMF & hyper-growth phases? A: a few. Out of those, how many sustained the demand without hiccups? A: practically none. Solving blockchain scaling is about empowering apps to reach PMF & hyper growth.
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If an L1 enforces censorship after a large hack, then why not go all the way to implement in-protocol mechanisms to enforce social consensus so that any consensus hack can be reverted? In the end-state a chain is either a neutral base layer or a social consensus engine.
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Blob gas price has dropped back to 0 after Pectra. Uber doesn't charge $0 when there are more drivers than riders. Why would Eth charge $0 for a valuable resource? What if EIP1559 is actually terrible for non-congested markets as it was designed for congested ones?
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