I talked about these misconceptions before but they keep popping up:
1) "with a common credibly-neutral data-availabity (DA) layer, a thousand sovereign chains can blossom in shared security"
False. DA is half the story, the other half is rich execution n asset custody
2/6
If your assets are on IslandBois Chain, DA layer doesn't guarantee ur security, the Bois can simply reject ur proofs and there's nothing u can do about it
Doesn't matter how secure that DA layer is, Ethereum itself can't help u unless it also custodies the assets
May 26, 2021 • 10 tweets • 3 min read
1/9 if you've been in crypto for sometime you already understand why people are making fun of "DeFi on Bitcoin", but if you're new here's an ELI5 short thread
2/9 Michael went camping and brought a few things, but forgot to bring a knife, so he has 2 options:
option 1:
he can use a hammer he brought to smash food and simulate knife action, but he has a string too, so he can ties a sharp stone to the hammer to make more targeted hits
May 11, 2021 • 11 tweets • 5 min read
To run a Dfinity node you need to fill out a typeform, there's a backlog. Node operators (currently 69) get compensated through Expensify 1st day of each month
"Network Nervous System (NNS)" = on-chain governance.
Here is a sample of proposals that are permeating through the nervous system atm
1/n imo the idea of security via renting validator sets is obsolete. it was a good idea 2 years ago when eth2/polka were being spec'd out, but the emergent & extremely fast-developing proving systems in zk (validity proofs) completely changes the landscape
2/n polkadot secures its parachains optimistically, similar to the optimistic-rollups/Eth1 pattern, with a fraud proving mechanism that "fishermen" can submit to the relay chain.
Buterin's Rollup-Centric Roadmap considered dangerous.
In this vision, the beacon chain absorbs Eth1 state, and shards provide data-availability to data-hungry rollups who, in this new vision, will do the heavy lifting of compute, hence achieving .../1 ethereum-magicians.org/t/a-rollup-cen…
...scalability faster, like now.
This however threatens Ethereum's hard-earned network effects. Why?
Because it's only a matter of time before a handful dominant rollups cut off the "aging middleman" and nudge their users towards own-rollup-native assets (most importantly.../2
Jan 26, 2021 • 6 tweets • 2 min read
you have 1 BTC and you want to "move it" to Ethereum.
So you send 1 BTC to an address on the Bitcoin blockchain who's private key is "distributed" to multiple nodes in some bft p2p network .. /1
(side note: these nodes engage in a multi-party computation (mpc) to generate an address whose private key is unknowable to any of them individually but together they can generate valid tx's to spend that BTC .. let's skip over that cryptography part) ... /2
Jan 17, 2021 • 8 tweets • 2 min read
Bitcoiners missed out on Ethereum and have been salty AF about it for years. Imagine constantly getting face melt, not just price-wise but also wrt adoption and R&D breakthroughs.
Ethereans: don't repeat the same mistake, be principled in ur criticism of other chains .. /1
The ethos of Ethereum is to build a maximally decentralized, highly cenorship-resistance, fully stateful and programmable settlement layer for the world.
Why would you dismiss another chain that is, say, >=90% in alignment with that ethos? ../2
BTC is fragile in that it has a single-point "accrual surface", namely the digital gold hypothesis. Yet there are unlimited ways it can be wrong i.e. value misses that point.
Example Achilles heel: it may turn out that the vast majority of people value the pursuit of...
May 1, 2020 • 5 tweets • 2 min read
1/5 Cryptographers & computer scientists have invented amazing crypto primitives allowing us to coordinate and transact safely and cost-effectively at scale.
With ongoing R&D in zero-knowledge, the best is yet to come.
However: Cypherpunk is a cowardly and regressive ideology.
2/5
Big scary state is encroaching on our privacy, rights and freedoms? Well, let's go fkn take over.
Millions of homo sapiens gave the ultimate sacrifice for what we enjoy today, the least we can do is Ctrl-Alt-Del politicians / dark money and clean up shop.
Apr 5, 2020 • 27 tweets • 10 min read
1/12
Too many blockchain projects to keep up with.
But one trick is to focus _only_ on the "weakest link" in a project, its most experimental/unproven-yet feature. Other "10x" improvements over the status quo won't matter if that weakest link breaks.
Examples projects 👇
2/12
Project: @avalabsofficial
Weakest link: no slashing for malicious behaviour.
"Network Nervous System (NNS)" = on-chain governance. 
