Guy Wuollet | fawkes.eth Profile picture
Jun 6 9 tweets 2 min read Read on X
I still think ZK is under hyped. Let's talk about why, and a couple analogies from web2

We often talk about crypto's "iPhone moment" or Eternal September, but what finally tipped developer and user adoption over the edge?
The iPhone presented three new developer tools that hadn't existed together before. It combined a 1) programmable mobile computer, 2) GPS, and 3) a high quality camera.
From the camera emerged applications that were focused on photo sharing like Instagram. As @cdixon put it, users would "come for the tool (photo filters) and stay for the network (a social network)"

cdixon.org/2015/01/31/com…
From the GPS and camera combined we got apps like Uber and Doordash. These networks provided heavy subsidies to begin with and today have significant market power
I think something similar could happen with ZK, particularly zkVMs like Jolt. Verifiable compute is a new developer primitive, and I'm excited by a couple of use cases
I think DeFi protocols should adopt risk modeling in ZK and use more complex pricing functions that run off chain and are proven trustlessly onchain
Blockchains and ZK proofs could uniquely enable humans to own censorship resistant AI companions, an idea the great @packyM talked about his his Love in the Time of Replika post

notboring.co/p/love-in-the-…
Finally I think verifiable compute ought to be used to prove simple machine learning (linear regression or small NNs, not LLMs) models.
TLDR;

You could use ZK to build a more complex DeFi protocol, a censorship resistant AI companion, or onchain ML.

DM me if you do

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Guy Wuollet | fawkes.eth

Guy Wuollet | fawkes.eth Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @guywuolletjr

Feb 6, 2023
I went through Crypto Start Up School in 2020. My project failed, but yours doesn’t have to. In preparation for CSS 2023 I’ve gathered some simple fundraising tips and tricks for first time founders. a16z.com/crypto-startup… Here are my thoughts:
2/ Tell a story. On average humans do better with narratives than with facts. Humans are highly fallible and easily distracted, especially over Zoom. Without losing sincerity make your pitch/conversation engaging and interesting.
3/ Have a team slide. Focus on what makes you (the founders) exceptional. At the early stages investors are almost entirely investing in you as a person and your ideas are only a conduit through which to assess your ability as a founder.
Read 13 tweets
Jul 12, 2022
We believe on-chain lending is an essential DeFi primitive, but users must choose between pooled liquidity or full order books. We’re excited to announce our investment in @MorphoLabs, combining the best of both worlds to offer a Pareto improvement in lending and borrowing rates.
Morpho builds on Compound, offering a fully-decentralized peer-to-peer lending protocol on top of Compound’s underlying peer-to-pool protocol. Using a novel on-chain matching engine, the Morpho protocol is able to autonomously coordinate better rates for users.
Having launched last month, the protocol is already attracting strong usage. With the majority of volume matched peer to peer, the protocol has demonstrated the Pareto rate improvement in practice. compound.morpho.xyz/?network=mainn…
Read 8 tweets
Jun 8, 2022
Crypto users have had a difficult tradeoff: true ownership from complex self-custody, or robust security from traditional custody? That needs to change, so we’re leading the $25M seed round in @entropydotxyz, a decentralized asset custodian for everyone.
We believe tokens are the native asset of the Internet, and they’re enabling new methods of human coordination by representing value on blockchains. True sovereignty and ownership of them is a big part of what makes crypto special.
Entropy has the potential to bring decentralization to custody, allowing permissionless, secure, and efficient access to almost any token for any user.
Read 9 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

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

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(