Thread by @lrettig

Rick @AFDudley0 responds to twitter questions at #EthCC: "What is the one thing you'd change about Ethereum?" A: "I wish the early design factored in more CS and more democracy in both the protocol and the Foundation."

"Ethereum 2.0 #eth2 is a bunch of napkins. No one knows what the bandwidth requirements are going to be."

"What's the biggest risk to #eth2? A: that it never happens because there are too many vested interests, too much invested and too much at stake in this existing system. People may not want to see it change."

"Technically speaking, I don't like the beacon chain design. I don't think it will load balance at scale."

"Ethereum was underpsecified on the governance side (@tezos is doing the opposite.) If we have functional governance then token holders, miners, devs and dapp developers could make staked proposals. Users could signal/vote on these ideas. This is how you run a sustainable system.

We didn't get there in the first try. This would be a great thing for EF or @ConsenSys to spearhead. The major stakeholders need to get together and suggest inflation but history tells me this isn't how the world works."

"Palantir has never been profitable. And I worry that @dfinity could be the Palantir of blockchain. I don't get how VCs work. They raised a ton of money and they're acting as a weird charity of sorts, churning out a ton of valuable research but have no obligation to be profitable

I think a lot of chains will face a similar challenge. So I think the way "collaboration" will work is basically people stealing code. That dynamic is going to continue.

Eos, Tron are directly competitive and have issued tokens on Ethereum. Polkadot should be considered competitive by any traditional means and they have an entire track at #EthCC.

Tron is basically a fork of ethereumj. Ethereumj is worth, what? $100k? $1M? But if you replace devp2p and rebrand it it's suddenly worth billions."

@jemenger: how long do we have to fix state growth? Me: something like two years according to @peter_szilagyi. Rick: "I'm already struggling today. If my archive node is down for four hours, it's a mess. I have to rebuild it and that costs me a lot." CC: @nicksdjohnson

Q: have grants been allocated efficiently? A: "No. EF grants haven't always factored in business considerations. And participation in governance should be a prerequisite. Grants usually don't have many strings attached."

On governance: "These problems are not new. There's so much existing political theory and work. Go to a reputable university and buy a department and let them solve it - but then I don't think that will happen.

I think the governance failure may be the failure of Ethereum."

In conclusion, "Usenet took military grade nerds more than a decade to be usable and it still sucked. I love this ragtag group of people but the thought that we have a chance of solving all of these things:

VMs, distributed computing, p2p, governance, launching satellites, UX, etc etc in just a few years? That's absolutely crazy. It's not going to happen so deeply or so quickly. We think we're building a new internet? Get real."