nickwh8te

people simply aren't bullish enough on zkVMs like @RiscZero and @SuccinctLabs

zk is not just essential for scaling blockchains + interop which is already huge, but also for privacy, and not just crypto privacy but in web2/trad tech too

there's a reason they call it moon math

crypto apps that have found meaningful PMF

- perps trading
- prediction markets
- stablecoins

anything else?

If economic security from delegated stake is a meme then what actually secures a staking protocol is:

- the self-delegated stake of operators
- the future revenue operators would lose from misbehavior
- how collusion resistant the committee is

"I think that all current staking designs of major assets are basically all derivatives of the Cosmos hot tub in Mexico design"-- @zmanian on the Celestia research forum. lmaooo 🤣

prediction:

the first protocols that attempt proof of governance will receive the same FUD as the first protocols that originally attempted proof of stake

Bitcoin made it to stage 3

This is a good list of things the industry currently takes for granted that are worth re-examining.

Many of them align with modularity:
• Geographic decentralization is important -> rollups can take advantage of geographic centralization for extremely low latency
• BFT consensus is a prerequisite -> sequencer preconfs are probably good enough finality for most users
• Sharding is bad -> parallelizing execution by rollups enables massive scaling, interop is getting 10x better
• All apps should be treated the same by the chain -> each app can be completely customized and vertically integrated as a rollup

Many of these ideas will be tested by Celestia and its ecosystem over the coming few years.

Why did Polymarket succeed where previous prediction markets like Augur failed?

Timing? Better execution? Or some fundamental innovation?

Had fun testing out @hibachi_xyz last night. Can confirm that the UX is as seamless as any CEX plus the spreads are tight (0.04% on DOGE)

Just doing my part to fill blobs with CLOB txs

Look who's in the top 10 of the Celestia daily stats leaderboard

@EclipseFND
@hibachi_xyz
@LightLinkChain
@MoltenL3
@GravityChain
@townsxyz
@derivexyz
@kamigotchiworld
@WINRProtocol
@plumenetwork

A healthy mix of general purpose chains, social, gaming, RWAs and ofc DeFi (including our first CLOB on blobs at #2)

8 years of research and engineering to make Ethereum WW3 resistant is about to pay off innit

8 years of research and engineering to make Ethereum WW3 resistant is about to pay off

CLOBs are coming for Celestia's blobs

@hibachi_xyz
@nitro_dex on @rise_chain
[redacted]
[redacted]

Whoever invented the Metam*sk sign in pop up reminder should be fired

Pretty interesting reply thread btw @sam_battenally and @aeyakovenko about latency vs validator distro/MCP.

Here's the thinking:
If you want to minimize your round trip time (RTT) you need to geographically colocate your node with a proposer.

In a single sequencer or geo-concentrated validator setup, this is trivial and extremely fast since you just colocate with the sequencer/validators and you're done.

In a geo-distributed single leader setup your average RTT would be the average stake-weighted RTT between all validators, which would end up being pretty slow no matter where you are.

But with MCP you could get consistently low RTTs by colocating in an area where there is a concentration of validators & stakeweight such that you have a high likelihood of there being at least one proposer there per slot.

This seems to get you the best of both worlds: geographically decentralized validators, good CR, low latency.

However I'm still confused how conflicting txs confirmed by two different proposers in MCP get resolved. It seems that the guarantee that you get from a proposer in MCP is fundamentally different from what a single sequencer or single leader gives you.

Thanks to CLOBs people are finally realizing that we need 100MB/s+ of DA, but this is just the beginning..

This same thing will happen to every app that finds pmf. Usage will explode and apps will absolutely EAT blockspace

CLOBs on blobs
Everything on blobs

Why Celestia will win as DA for CLOBs:

→ enough DA throughput to support CLOBs and consistently ships scaling upgrades on schedule (21.33MB/s on mamo-1 testnet)
→ the most secure with ~$1B slashable stake, data availability sampling support, and blobstream for bridging (there will be a lot of funds at risk)
→ the most reliable/battle tested alt-DA with the most users in prod (any downtime would be devastating for a CLOB)
→ the best brand, best DevEx, most integrations, and strongest ecosystem support out there

... and the competition is not even close

CLOBs are coming for Celestia's blobs 🦣

Celestia looking good here

No one wants more rollups, they want more apps.

But it just so happens that rollups are the most powerful way to build apps.

Crypto needs its ChatGPT moment, where overnight it will go from esoteric niche nerdy tech to mainstream consumer application that people immediately grasp the value of.

It feels like we're close. Someone just needs to crack the puzzle.