Post

More from @el33th4xor

Emin Gün Sirer🔺

@el33th4xor

Jul 2

1/ As we approach July 4th, I'm struck by the changing landscape of our industry from a political standpoint. A lot has been said about the advantages of blockchain and crypto, but I’d like to drill into the political power of crypto owners. #CryptoBloc 🧵

2/ An estimated 93 million Americans now own one or more cryptocurrencies. With more households that own crypto than dogs, there is now a serious group of voters up for grabs – and at an average age of 38, they represent the future of politics in America.

3/ As political parties realize that crypto is here to stay and that people like owning their digital assets, more politicians are going to get smart and appeal to these voters as a legitimate interest group.

Potentially one of the largest single interest groups in the country.

Read 5 tweets

Emin Gün Sirer🔺

@el33th4xor

May 21

Ok listen up, there's something cool and novel and interesting happening in crypto that you should know about. Namely:

1. There's a new vertical developing, called SocialFi,

2. The best examples of this vertical are on Avalanche

3. There is a new application that you just have to see that I will link below.

Now, I don't know what your thesis is in crypto, but I think we can all agree that we cannot all get rich trading memecoins between each other all day, and the new L1s are slicing the salami way too thin to pose decent value propositions. So it makes sense to look forward a bit and project where the new growth in the space will take place.

It seems highly likely that crypto will follow the exact same path as all other infrastructure tech, like the Internet and telecom. Remember how the Internet started out with just email, then came "the web," and then suddenly we had all kinds of new verticals (e.g. ecommerce, online games, dating apps, digital health, etc etc). We already saw the same thing happen in crypto, starting with simple, inward oriented verticals such as NFTs, memecoins and the like.

Read 15 tweets

Emin Gün Sirer🔺

@el33th4xor

Apr 29

Please don't get taken in by another project that is faster at inventing new terminology than it is at transferring value. That is all.

This is especially true for projects that are trying to adopt technical terminology from the humanities.

Remember "effective altruism"? The silicon valley cover story for stealing everyone's money? The head guy, who was inventing enough highfalutin words per minute to fill a few humanities journals, just had his institute shut down, after Sam used his ideology to power fraud.

Read 9 tweets

Emin Gün Sirer🔺

@el33th4xor

Feb 29

1/N After much demand, it's finally here: a proposed roadmap for AvalancheGo, or how to build the future of next-gen blockchain networks by leveraging all the best components of of monolithic and modular designs into one.

Note, this non-exhaustive and requires ACP approvals!

2/N The roadmap is divided across three major pillars:

1. Modular programmability: Making the building of permissionless, highly customizable, sovereign chains best-in-class.
2. Monolithic performance: Increasing performance of the monolithic stack to 100K+ tps / chain

...

3/N ...

3. System reliability: Improvements to time to finality and overall system reliability.

For modular programmability, it is all about upgrading subnets into powerful, sovereign chains. This includes:

* Sovereign chains (ACP13)
...

Read 7 tweets

Emin Gün Sirer🔺

@el33th4xor

Nov 28, 2023

Is the Twitter/X app as buggy for you as it is for me?

1. I see my own tweets twice in my own threads, even though they were posted once. Clear threading error incoming recently posted tweets.

2. Sent messages seem to go into limbo for a while, until they are posted. I tried setting that send-wait period to its lowest setting but there's still a wait period. This is probably why interactions are down -- ever since @elonmusk took over, the app has become laggy.

Read 7 tweets

Emin Gün Sirer🔺

@el33th4xor

Nov 12, 2023

1/7 Sound ways to do fee isolation, a quick thread.

There are multiple ways to do fee-isolation on chain. For those that need a refresher, fee isolation is the idea of localizing fees based on some specific restriction that the protocol may want to enforce.

2/7 For example, one thing that can be done is if a smart contract is taking up a lot of traffic, then that smart contract will need to pay more than others.

One form of this is what Solana does. This is my understanding based on the code review (please correct me if I'm wrong).

3/7 Solana has 4 execution cores which process txs in parallel as long as they don't conflict. If they do, they form queues behind the core. The priority fee then executes txs in the order of the priority fee. It is not enforced by chain, just by the block-building heuristic.

Read 7 tweets

Share this page!

Enter URL or ID to Unroll

Emin Gün Sirer🔺

Try unrolling a thread yourself!

More from @el33th4xor

Emin Gün Sirer🔺

Emin Gün Sirer🔺

Emin Gün Sirer🔺

Emin Gün Sirer🔺

Emin Gün Sirer🔺

Emin Gün Sirer🔺

Did Thread Reader help you today?

Don't want to be a Premium member but still want to support us?

Send Email!