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DavidHoffman.eth ๐Ÿฆ‡๐Ÿ”Š Profile picture
@TrustlessState
Jan 12 โ€ข 1 tweets โ€ข 1 min read โ€ข Read on X
Many rumors circling around CT are a warped version of reality.

Some additional commentary from inside the Bankless community discord: Image

โ€ข โ€ข โ€ข

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Keep Current with DavidHoffman.eth ๐Ÿฆ‡๐Ÿ”Š

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More from @TrustlessState

DavidHoffman.eth ๐Ÿฆ‡๐Ÿ”Š Profile picture
Nov 12, 2024
Justin Drakeโ€™s talk

โ€œThe Beam Chainโ€

The final design of Ethereum

A proposed redesign of the consensus layer, to skip to the endgame Image
Only touching the consensus layer makes the Beam Chain forward compatible

Nothing changes to the apps Image
The Beacon chain is 5 years old! Old!

We now have breakthroughs in SNARKs, that the Beacon Chain does not leverage

Thereโ€™s also a lot of tech debt that needs to be removed Image
Read 12 tweets
DavidHoffman.eth ๐Ÿฆ‡๐Ÿ”Š Profile picture
Aug 20, 2024
Ethereum development has prioritized L2 execution for 2+ years now

This has come at the cost of L1 execution

L1 execution is lagging behind Moore's law, and L2s receive an undue growth and valuation subsidy, paid from the L1

IMO, we should reprioritize L1 execution efforts
I am aligned with @MaxResnick1's idea that L1 hardware requirements should be "the most recent two generations of Macbook Pros"

This is totally inline with the solo-staker social contract

This increases the accessibility of the Ethereum L1 to 10x more users, with little cost
@MaxResnick1 The argument against this:

The Ethereum ecosystem needs reorganize around needing less synchronous composability - growing L1 execution will reduce urgency around solving this problem.

the rollup-centric Ethereum is the correct roadmap - let's tackle the hard problems head-on
Read 5 tweets
DavidHoffman.eth ๐Ÿฆ‡๐Ÿ”Š Profile picture
Jan 4, 2024
6 Cypto Metas in 2024 ๐Ÿงต๐Ÿ‘‡Image
๐Ÿ›‘โœ‹Thread below, but full post on @banklesshq!

bankless.com/2024-crypto-meโ€ฆ
1๏ธโƒฃ Restaking and Liquid Restaking Tokens (LRTs)

The LST wars are ending, but the LRT wars have just begun.

LRTs are the next evolution of LSTs - yield-bearing liquid ETH tokens, with all yields from @eigenlayer imbued ontop of regular ETH staking yield

15+ different teams are chasing the trophy of the #1 most liquid LRT token in #Ethereum

The #1 spot will go to whoever maximizes yields while minimizing risk - slashing events will be unacceptable

Control risk, maximize gains.

Bonus: LRTs are dual airdrop hunting opportunities. Depositers into LRT projects get both the Eigenlayer Airdrop and the airdrop for the LRT they deposited to.

Happy hunting, friends!

(All my research & notes around LRTs are available in the Bankless Citizens discord)Image
Read 9 tweets
DavidHoffman.eth ๐Ÿฆ‡๐Ÿ”Š Profile picture
May 15, 2023
Fighting the good fight at Locals Day in Montenegro!

When I ask "How many people know nothing about crypto?" and half the room raises their hand....

game time ๐Ÿ˜Ž Image
Day 2 - talking to the government officials
Squat stance for extra speaking power Image
Read 5 tweets
DavidHoffman.eth ๐Ÿฆ‡๐Ÿ”Š Profile picture
Jan 6, 2023
๐ŸงฑEnter OP Stack๐Ÿงฑ

@optimismFND's OP Stack is going to COMPLETELY change the landscape of the #Ethereum L2 ecosystem

Every ETH L2 has its own 'secret sauce'; the thing that gives it a competitive edge vs other L2s

BUT, the OP STACK is something ALTOGETHER DIFFERENT

1/๐Ÿงต๐Ÿ‘‡
The OP Stack is one layer "more meta" than just being an L2

The OP Stack is a scaffolding standard for ANY possible rollup construction

If you don't want to finish this thread, I made this video on the OP Stack

otherwise, read on!

2/๐Ÿงต๐Ÿ‘‡
Every L2 has 'secret sauce' that makes it competitive

The OP Stack is a structure to modularize all components of an L2 into:

1. Standardized
2. Open source
3. Modules

...for L2 Chains

All the competitive strategies that L2s have taken, can each be made into aโœจmoduleโœจ
Read 8 tweets
DavidHoffman.eth ๐Ÿฆ‡๐Ÿ”Š Profile picture
Jul 28, 2022
Hot take:

1๏ธโƒฃThe 2017 bull market was Ethereum-driven

Bitcoin had its own story, but it was the ICO mania at center stage

2๏ธโƒฃThe 2020-21 bull market was *clearly* Ethereum-driven
-DeFi
-NFTs
-Gaming

3๏ธโƒฃThe next bull market will be 3/3 bull markets lead by #Ethereum

$ETH leads๐Ÿš€
The 3rd #Ethereum bull market will be a fees-based bull market.

The Merge will allow Ethereums fees to actually move $ETH price

$UNI, $SNX, $MKR and all the fee-commanding tokens will also lead.

The next bull market is based on fees
Bitcoin's unsustainable security budget is actually not going to be a issue for like 20 years...

as $ETH goes through a 20 year bull market and helps support BTC price along the way.

There, that was the hot take.
Read 4 tweets

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