polynya Profile picture
25 Sep, 5 tweets, 1 min read
This is very myopic - in the long term all of this is false.

- Rollups & volitions can and will be fully decentralized and inherit the security and decentralization properties of whatever is the most secure and decentralized security layer. Hermez is already there.

(1/5)
- Anything any centralized monolithic chain can do, a volition can necessarily do orders of magnitude better, in every way.

- Volitions remain fully composable across multiple data availability sources.

- zkRs & volitions let you withdraw immediately, ORs have bridges.

(2/5)
- zkRs/volitions have significantly superior liquidity sharing properties than monolithic chains. E.g. liquidity is fractured between Avalanche and Ethereum, or C-chain and D-chain. However, with initiatives like dAMM, you can share liquidity between StarkNet and Loopring.

(3/5)
I get it, Emin must shill his wares. Rollups are barely beta MVPs with multiple training wheels. Both Polygon PoS & Avalanche C-chain are competent short-term makeshift solutions, at the cost of security and decentralization.

(4/5)
However, it's obvious volitions are far superior in every way - faster, cheaper, more composable, less liquidity fragmentation; more secure, decentralized *and* scalable.

StarkNet is coming in ~2 months, and maturing over the next year or so.

The clock is ticking.

(5/5)

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More from @epolynya

26 Sep
This is the "cost of validator censorship", not decentralization. Validators merely provide a service to the network, i.e. ordering and signing transactions - it's non-validating full nodes that enforce consensus rules. Covered here: polynya.medium.com/security-layer…

Decentralization is:
- Ease of running full nodes. If users must trust a validator set, then it's not a trustless network - you're just another bank with a new set of bankers, as Gavin Wood put it.
- A wide token distribution with high monetary premium to increase difficulty of validator censorship.
I'd also add that Solana and monolithic chains are highly inefficient, requiring thousands of nodes for minimal security. Long term, validiums will be a fraction of the cost. A succinct ZKP can verify millions of transactions, while DA layers can have 1-of-N security models.
Read 6 tweets

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