gregthegreek
0 Following
0 Followers
1 Liked
0 Shared
Posts
Orderflow generators should receive a disproportionate amount of fees it generates for itself.
I think this is a table stakes fact.
Thus if you’re an L2 creating a vibrant ecosystem that generates an ample amount of demand for block space. That L2 should capture the largest share of fees on that block space.
This is exactly why I struggle to understand any view points that state the L1 validators should receive a greater return. L1 validators are providing the bare minimum, which is capital, hardware & electricity. Although in those cases the bar is quite low (aside from 32 eth but Lido et al have set the bar LOW).
Validators are not bringing new users, they aren’t on-boarding @Shopify or @DoorDash Block space overtime is a commodity and it’s all the ecosystem efforts that will drive the demand, that’s where the fees should be disproportionately paid.
Idealistically, that should be redistributed or reinvested back into the apps bringing the users to the chain itself. Although the apps themselves should be generating fees one way or another.
—-
The argument that we are in this because of the L2 roadmap didn’t prioritize scaling the L1 is also a farce.
I have yet to see any viable path for an L1 to scale from a decentralized POV to any reasonable means. Maybe ZK paths forward can solve for that, but Ethereum itself is a general compute layer and will forever have the tradeoffs. General compute must scale horizontally and we’ve been seeing this for years when sidechains were what we call L2s back in 2017/2018.
Chains such as GTE, Solana etc.. have proven you can scale ridiculously but to a limit. You fully tradeoff decentralization. You also tightly align with a set of use cass (such as DeFi). Finally you simply cannot index fast enough (today) which forces co-location, and recreates flashboys.
I believe Ethereum is doing it right based on its goals.
I believe it needs to scale the L1 a lot more.
I believe it’s here to last
I think this is a table stakes fact.
Thus if you’re an L2 creating a vibrant ecosystem that generates an ample amount of demand for block space. That L2 should capture the largest share of fees on that block space.
This is exactly why I struggle to understand any view points that state the L1 validators should receive a greater return. L1 validators are providing the bare minimum, which is capital, hardware & electricity. Although in those cases the bar is quite low (aside from 32 eth but Lido et al have set the bar LOW).
Validators are not bringing new users, they aren’t on-boarding @Shopify or @DoorDash Block space overtime is a commodity and it’s all the ecosystem efforts that will drive the demand, that’s where the fees should be disproportionately paid.
Idealistically, that should be redistributed or reinvested back into the apps bringing the users to the chain itself. Although the apps themselves should be generating fees one way or another.
—-
The argument that we are in this because of the L2 roadmap didn’t prioritize scaling the L1 is also a farce.
I have yet to see any viable path for an L1 to scale from a decentralized POV to any reasonable means. Maybe ZK paths forward can solve for that, but Ethereum itself is a general compute layer and will forever have the tradeoffs. General compute must scale horizontally and we’ve been seeing this for years when sidechains were what we call L2s back in 2017/2018.
Chains such as GTE, Solana etc.. have proven you can scale ridiculously but to a limit. You fully tradeoff decentralization. You also tightly align with a set of use cass (such as DeFi). Finally you simply cannot index fast enough (today) which forces co-location, and recreates flashboys.
I believe Ethereum is doing it right based on its goals.
I believe it needs to scale the L1 a lot more.
I believe it’s here to last
Orderflow generators should receive a disproportionate amount of fees it generates for itself.
I think this is a table stakes fact.
Thus if you’re an L2 creating a vibrant ecosystem that generates an ample amount of demand for block space. That L2 should capture the largest share of fees on that block space.
This is exactly why I struggle to understand any view points that state the L1 validators should receive a greater return. L1 validators are providing the bare minimum, which is capital, hardware & electricity. Although in those cases the bar is quite low (aside from 32 eth but Lido et al have set the bar LOW).
Validators are not bringing new users, they aren’t on-boarding @Shopify or @DoorDash Block space overtime is a commodity and it’s all the ecosystem efforts that will drive the demand, that’s where the fees should be disproportionately paid.
Idealistically, that should be redistributed or reinvested back into the apps bringing the users to the chain itself. Although the apps themselves should be generating fees one way or another.
I think this is a table stakes fact.
Thus if you’re an L2 creating a vibrant ecosystem that generates an ample amount of demand for block space. That L2 should capture the largest share of fees on that block space.
This is exactly why I struggle to understand any view points that state the L1 validators should receive a greater return. L1 validators are providing the bare minimum, which is capital, hardware & electricity. Although in those cases the bar is quite low (aside from 32 eth but Lido et al have set the bar LOW).
Validators are not bringing new users, they aren’t on-boarding @Shopify or @DoorDash Block space overtime is a commodity and it’s all the ecosystem efforts that will drive the demand, that’s where the fees should be disproportionately paid.
Idealistically, that should be redistributed or reinvested back into the apps bringing the users to the chain itself. Although the apps themselves should be generating fees one way or another.
The “45 day” bull run is starting
All the high noise signals are here, so don’t forget to take some profits.
All the high noise signals are here, so don’t forget to take some profits.
What share of a privacy pool do you need to own to have high correlation over addresses/deposits?
Is it like 66% or something higher like 90%?
I presume it depends if input size == output size, which might be very easy?
Is it like 66% or something higher like 90%?
I presume it depends if input size == output size, which might be very easy?
The most refreshing move in crypto media was @therollupco launching TV
Curated &conference free lightning talks
So bullish
Curated &conference free lightning talks
So bullish
Token incentives are not APY
Is @PlasmaFDN the same as Plasma/OmiseGo??
who made that tool that takes a solidity file and creates a super duper simple front-end for all the functions?
Consumer DeFi is going to be so annoying to market to normies
> You can get 26% more than your bank!* **
*We can't guarantee when you'll get it. Nor if the price will stay stable.
**True base yield is lower than you're banks yield, but points.
> You can get 26% more than your bank!* **
*We can't guarantee when you'll get it. Nor if the price will stay stable.
**True base yield is lower than you're banks yield, but points.
Consumer DeFi is going to be so annoying to market to normies
Where can I find the latest data on mainnet reorgs?
Got gemini deep reasearch on overdrive today
I have so much PTSD from the Parity-Ethereum days, anytime I see `cargo build ...` pop-up after running a `make command`, I panic a bit inside
We’re about to ship so much in one quarter
@sprinter_ux has evolved so much in 6 months, that even the next 3 will be very different
We’re going to unlock a whole new avenue for DeFi
@sprinter_ux has evolved so much in 6 months, that even the next 3 will be very different
We’re going to unlock a whole new avenue for DeFi
There’s so much good lore in web3
Really need a Library of Alexandria to preserve the odds and ends
Really need a Library of Alexandria to preserve the odds and ends
The concept of a solver is so narrow minded. You’re either routing funds A->B or finding the best swap path
I’m very excited to shake this up
I’m very excited to shake this up
The concept of a solver is so narrow minded. You’re either routing funds A->B or finding the best swap path
I’ll very excited to shake this up
I’ll very excited to shake this up
When @scrolltax VC
Mfers about to melt @BanklessHQ and @therollupco with culture
This eth price action is wild
Mfers about to melt @BanklessHQ and @therollupco with culture
This eth price action is wild
Been scheming hard with @0xmadisonn
New era of the DeFi mullet 🥷
New era of the DeFi mullet 🥷
Login to explore more contents