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If anyone is interested in this topic, I'd love to collaborate with you! I had a great time presenting on this topic, and looking forward to continue building in this direction.
docs.google.com/document/d/1LO…
docs.google.com/document/d/1LO…
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Decentralization requires a different set of assumptions and therefore a different set of behaviors that need to be learned. Behaviors we are still learning.
We have to practice, fail, and practice some more. And it starts with those closest to the protocol.
We have to practice, fail, and practice some more. And it starts with those closest to the protocol.
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I don't know exactly what getting this right looks like, but I'm sure there are people here with ideas worth considering.
How we learn to do this together is one of the most valuable things Ethereum gives the world. real talk.
How we learn to do this together is one of the most valuable things Ethereum gives the world. real talk.
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Thank you.
This is the first Ethereum talk I've watched this year, and uuugh...
Lemme speak as an outsider, who for whatever reason still has most of his net worth in ETH. This entire Ether issuance discussion is so stupid.
There is this bigass skeleton in the closet, and everyone pretends we don't see it. Let me shine some light: there is fuck-all to do on Ethereum. <gasp>
The reason so many people have ETH is because they believe in this shit - I believe in this shit -, and the reason everyone stakes ETH is because there isn't anything else to do with it!
Sure, you can shove it in the casino and hope it doesn't get drained; or when shit hits the fan, that you're awake to pull out before the cards fall. Who in their right mind would consider that a store of value?
The entire Ether issuance discussion is trying to remedy the symptom instead of the root of the problem. The symptom is that everyone wants to stake instead of using the network, so there's no economic activity being generated. Your thinking is that by reducing the staking rewards, you are stimulating economic activity. No dum-dum, by reducing the issuance you're making people choose between the casino or exiting. This isn't fiat where you're forced geopolitically into a specific currency; you can just sell this shit.
Stop fucking with monetary policy and start making useful shit that people want to use in their day to day lives. Improve the human condition and they will spend ETH on it and generate economic activity. Improve the reliability of the ecosystem so people aren't afraid of losing their saving while they sleep. Figure out recourse mechanisms so when shit hits the fan, the little guy doesn't crash and burn. Maybe then people will also use Ether, not just keep it under the pillow.
The problem isn't that staked Ether isn't generating activity; the problem is that active Ether's is fucking risky. People want to live their lives, not play onchain PvP against the entire world. I can't believe I have to be the one to fucking say this out aloud.
Cheers, hit like and subscribe for next year's post-devcon rant from Lisbon 🫡
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Really awesome! I'm glad to see this being done as a field of research.
Learning how to scope agent behavior is a prerequisite for enabling effective decentralization. To scale DAO's, this is fundamental imo.
Learning how to scope agent behavior is a prerequisite for enabling effective decentralization. To scale DAO's, this is fundamental imo.
Super excited to finally unveil the new research initiative I'm co-founding with @anke_g_liu with support from @joshuaztan and @metagov_project.
If you're building or researching in this space, please don't hesitate to reach out.
Exciting things to come!
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The Farcaster protocol is perfect for Digital Public Infrastructure.
I’m happy @balajis is doing this. It fits perfectly well for NS and maintains the ability to exit.
The problem that needs to be solved is how to drive down the costs required to launch/sustain a new client.
I’m happy @balajis is doing this. It fits perfectly well for NS and maintains the ability to exit.
The problem that needs to be solved is how to drive down the costs required to launch/sustain a new client.
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What happened with @Artizen was another blow to public goods funding.
For a long time now, we've cultivated the energy and builders required to create digital public infrastructure (DPI).
And yet, we still lack a reliable path from promising idea to sustainable infrastructure.
For a long time now, we've cultivated the energy and builders required to create digital public infrastructure (DPI).
And yet, we still lack a reliable path from promising idea to sustainable infrastructure.
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The problem is that the EF and all of their spinoffs have abandoned this pursuit. And the Public Goods builders are now prey to the Artizens of the world.
I hope we can find the right process. A lot of good ideas out there without the right funding.
I hope we can find the right process. A lot of good ideas out there without the right funding.
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My project @city_sync_ is one of them. I believe it to be an insanely promising project, but we are DPI, and we have no avenues for funding.
If we fumble this in Ethereum, it will have been a huge mistake.
If we fumble this in Ethereum, it will have been a huge mistake.
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