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Jun 3, 2024 11 tweets 4 min read Read on X
For those who missed two of the greatest minds, @gavofyork x @VitalikButerin, coming together after a very long time that I can’t even remember, here are the 9 best moments—the lazyman version…🧵 Image
Ofc, starts with a joke.
‘’I thought I was the ideas guy and Gav does all the real coding’’.
First wrote Ethereum, then Polkadot, and now what the heck is this JAM thing.

Why it uniquely stands out as a breakthrough that’s additive to the greater blockchain ecosystem.
How to build an ecosystem: Community x Tech

—If your tech supports only one specific way of doing things, it often attracts a community that strongly convinces themselves it's the only correct approach.
Gav’s take on Ethereum’s strength.

Conflict breeds community x Moderate governance & lack of opinionation breeds good community.
On-chain governance vs. off-chain governance:

Gav is less opinionated about the base layer tech needing autonomous upgrades. Aligns more with Vitalik.

Reason: the base layer tech should be minimal & opinionless, and thus not a target for upgrades, not in the long term.
Vitalik is also interested in adding elements of formalized, DAO-style governance, with better public signaling tools to steer things more democratically, rather than relying on nebulous consensus among a few dozen devs.
Missing layer: Broadening the intellectual and idea layer, asking big-picture questions.

In the 2020s, what is Ethereum trying to do? What is its role? What world are we trying to achieve through its existence?
With tens of billions invested, why is the industry still irrelevant, with daily active users under 1% of the global population?

It’s about this still being mostly a tech and financial product, marketed to people with minimal tech and financial needs or background.
Decentralized approaches excel where centralized ones fail, such as in international payments and developing countries.

The industry should continue to enhance tech, reduce user barriers, and find more long-tail use cases.
What’s your take on these two coming together?

It's not really ideal and possible to have only one path to achieve a particular goal, right.

𝘎𝘳𝘰𝘸𝘪𝘯𝘨 𝘵𝘩𝘦 𝘱𝘪𝘦 𝘣𝘢𝘴𝘦𝘥 𝘰𝘯 𝘴𝘩𝘢𝘳𝘦𝘥 𝘷𝘢𝘭𝘶𝘦𝘴 𝘹 𝘉𝘢𝘵𝘵𝘭𝘪𝘯𝘨 𝘰𝘷𝘦𝘳 𝘴𝘭𝘪𝘤𝘦𝘴.

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More from @0xgoku_

Sep 12, 2024
So here’s the short story of how and why @IOHK_Charles was pushed out of Ethereum before its launch.

Pieced together from sources like 𝘛𝘩𝘦 𝘐𝘯𝘧𝘪𝘯𝘪𝘵𝘦 𝘔𝘢𝘤𝘩𝘪𝘯𝘦—firsthand intel and accounts.

I present to you the infamous “𝗥𝗲𝗱 𝗪𝗲𝗱𝗱𝗶𝗻𝗴” of Ethereum..🧵
Image
@CamiRusso The train creaked into Zug, a town nestled in the Swiss Alps, Switzerland’s ‘’Crypto Valley’’.

Charles straightened his shirt, tapping the pens clipped to his chest pocket.

He was at home. Zug was Ethereum’s home. Image
Today, though, it felt like more than just signing docs.

He sensed the tension even before stepping off the train. Ethereum was at a crossroads. He knew the others were talking.

But still believed he could guide this ship—w/ for-profit organization leading the way to success.
Read 28 tweets
Sep 6, 2024
What is JAM, proposed by the co-founder of Ethereum and Polkadot, and why should we care?

From Ethereum to Polkadot, Solana to Cosmos—this thread takes a journey through all and introduces JAM...🧵 Image credit: @Tur1ngM4ch1n3
@gavofyork @Polkadot Preface.

Stand-up comedians usually perform the same bit multiple times a night, a week, tweaking the joke slightly each time.

They take feedback, adjust, and repeat—it's a very iterative process.

Listening to @gavofyork explain JAM for the +10 times this year was like that.
How did we get here—What’s the problem?

Our idea of what blockchains are and why they exist is still evolving.

Today, they work like verifiable, decentralized computers that don’t need trust.

But they also come with certain limitations we’re still figuring out.
Read 37 tweets
Mar 10, 2023
• SEC's actions on crypto assets?
@Polkadot has morphed ?= Security -> Software
• What has @Web3foundation achieved w/ self-certification?
• Why no-action letter doesn't mean what people think?
• Why no marketing?

Seeking answers amidst the noise? Welcome🧵(0/35)👇 Image
1/ All that fuzz about SEC's actions

It is becoming the new norm seeing SEC’s enforcements on another centralized structures every month.

At the same time, debates flare over which crypto assets should be classified as securities and whether they are subject to enforcement.
2/

Remember June 2022 when SEC Chair Gensler has warned that non-cooperating exchanges are operating outside of the law & may face enforcement.

In Feb 2023, Kraken was accused of selling unregistered investment contracts since customers are promised regular returns by staking.
Read 36 tweets
Nov 22, 2022
1/x
Unpopular opinion: IBC and XCMP, aka XCM, are not competitors but collaborators.

What do they collab against?
Flaws in blockchain ecosystems.
2/x
As the paradigm shifts towards multichain & interoperability, we've seen design flaws in blockchains become more apparent.

3rd party bridge exploits showed us that they're not secure or reliable to use.
In addition, they are not functional beyond token transfers.
3/x
The merge of Ethereum enables light client bridges by providing provable finality. This will give a possibility of preventing many potential hacks.

The blockchain space will inevitably be shaped by messaging protocols like IBC and XCM.
Read 25 tweets
Nov 20, 2022
1/
Interoperability is the key to a successful blockchain future.

But what is it, really?

A deep dive into understanding Interoperability by looking it through TCP/IP. (No technical info, promise)
🧵👇
2/
Beyond many other problems, after 2020 we're majorly facing interoperability issues of blockchains.

If we want to understand what’s interoperability and what it will provide, we need to go back and study TCP/IP just like we first read the Bitcoin whitepaper for crypto. Image
3/
TCP/IP stands for Transmission Control Protocol/Internet Protocol.

It's a set of standardized rules that allow computers to communicate on a network such as the Internet.
Read 15 tweets

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