There’s so much good lore in web3 Really need a Library of | gregthegreek on Binance Square

Trending Articles

Bookmarked and Liked

--

There’s so much good lore in web3
Really need a Library of Alexandria to preserve the odds and ends

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

0

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

Relevant Creator

@gregthegreek

Explore More From Creator

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

--

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 “45 day” bull run is starting 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?

--

The most refreshing move in crypto media was @therollupco launching TV Curated &conference free lightning talks So bullish

--

Latest News

Iranian Parliament Considers Closing Hormuz Strait

--

Trader Eugene Ng Ah Sio Sees Buying Opportunity Amid Market Volatility

--

Binance to Update Collateral Ratios and Futures Leverage Tiers

--

Tether Treasury Mints $1 Billion USDT on Tron Network

--

BNB Drops Below 610 USDT with a 4.24% Decrease in 24 Hours

--

Trending Articles

THE FINAL BOUNCE BEFORE THE BLOODBATH.

$BTC 🚨 USDT – LOWER HIGH CONFIRMED | BEAR PRESSURE MOUNTS �

❓ Future Trading Islam mein Halal hai ya Haram? 🕋 Ek Mukam

Kiran Shahzadi78

🚨 FINAL RETEST BEFORE CRASH? — BULL TRAP INCOMING! 🚨 The

US Strikes Iran, Says Nuclear Sites Completely Destroyed T

Professor Of BTC_CRYPTO Information

Cookie Preferences

Cookie Preferences