A #uniswap V3 thread.
There are plans to tackle slippage, and improve capital efficiency.

Will there be a way to create a seed pair while only needing one of the assets?

By May V3 was being specced out.

What does "specced out" mean? Idk probs some whiteboards involved and some hard decisions made.

Could dynamic fees be one of the ways to improve capital efficiency?

As of July there was no formal decision re a token, and focus was on V3.

All those V2 forks like sushi, mooni etc, are a complete waste of time in light of V3

Can we still make it to V3 without the protocol switch being flicked?

L2: Will a general purpose optimistic rollup be ready in time?

Interesting notes about tokens that adjust balances in unusual ways too:

V3 hopefully will launch with some great educational stuff.
It's amazing how few understand how AMMs actually work.

Hayden has things re V3 he wants to tell us but cannot yet.

This man has delivered time and again, so when he says something like this, I pay attention

If it's on L2, how will moving funds over work?

This seems to be the preferred L2 option

don't get too excited about gas reductions

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More from @iwearahoodie

7 Sep
You know, I think Andre Cronje may have been right about governance tokens being valueless.

Here's why:
Here's a thought exercise: If Andre left the yearn protocol to "the community" and went and started a new product, with a team of VC funded devs who made the UX 10x better, would you park your money in the new thing, or hang on to YFI and invest in the vaults there?

Governance tokens are valuable if you believe in the wisdom of crowds.

The only thing I think governance tokens should do, IF ANYTHING, is elect a genius CEO/dictator who runs things, and everyone else gets out of the way or builds what they say.

Read 8 tweets
13 Aug
Something quite remarkable happened since 2017. I don't think it was deliberate. If it was, you couldn't have planned it better.
What happened in 2017 was that BCH split from BTC and loudly preached their "we're the real Bitcoin" doctrine from every roof top.
This had the effect of attracting the attention of the very effective blockstream troll army. I know people who are into all sorts of cryptos but have no real tech knowledge. To this day they think BCH is a scam.

Unbeknownst to those very busy little trolls, the Ethereum devs and community just quietly went about building a heap of cool shit. BCH/BSV/BTC were busy all day long arguing with each other, and none of these groups noticed what was happening outside their quaint battle grounds
Read 13 tweets
6 Aug
If you wanted a cryptocurrency that gave you privacy, sound money, cheap on-chain txs, had sustainable funding, world class devs, wasn't always on the verge of a split, and attracted people who seemed to want to leave the world better than they found it, you'd look at #Zcash.
@zooko and his team's deliberate style of getting the foundations right before worrying about the flourishes has resulted in a product that seems to have what is needed to stand the test of time.
But best of all, is really useful today. It doesn't rely on absurd or dogmatic predictions about the future to define its value. It's really useful, even vital in some cases, right now.
Read 4 tweets
6 Aug
Dear #ethereum experts. Please help me understand the hype around ethereum
This is 100% not a troll question. I'm genuinely trying to see what I'm missing.
Ok there’s a heap of hype about defi and eth lately. But I can’t for the life of me figure out what exactly has succeeded;
... what the big deal is. What are people now able to do exactly that is the breakthrough? Borrow crypto against their crypto? Create yet more tokens? What am I missing?
Despite being into mostly bitcoin and zcash I admit basic attention token seems quite viable because their browser and creator network seems to have reinforcing network effects. But it would work on its own chain too.
Read 4 tweets
3 Aug
Hey #Bitcoin users. If you want privacy, don't convince yourself your coinjoins do anything. They're painfully easy to track. Just use zcash or monero. You're better off consolidating your UTXOs in anticipation of the mempool being perpetually clogged. BTC can't be used as money
in the sense that you can spend it. The Litecoin "silver to bitcoin's gold" was actually accurate. Gold couldn't be used daily by most people because small pieces were tool valuable. Bitcoin in the future will be way too expensive to actually send. It will be money for the rich.
Sorry. I know you wanted to bank the unbanked. But you won't be able to do that with small blocks. And it seems noone is interested in layer 2 stuff.
Read 4 tweets
1 Aug
I know we've mocked the Schelling point meme re #BTC, but I do _try_ to look at objective facts when I can. Check out this thread if you have doubts about #Bitcoin's future.
I struggle with altcoins' and forks' predictions in the face of this kind of data. via google trends
Read 23 tweets

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