Ethereum itself must pass the walkaway test.
Ethereum is meant to be a home for trustless and trust-minimized applications, whether in finance, governance or elsewhere. It must support applications that are more like tools - the hammer that once you buy it's yours - than like services that lose all functionality once the vendor loses interest in maintaining them (or worse, gets hacked or becomes value-extractive). Even when applications do have functionality that depends on a vendor, Ethereum can help reduce those dependencies as much as possible, and protect the user as much as possible in those cases where the dependencies fail.
But building such applications is not possible on a base layer which itself depends on ongoing updates from a vendor in order to continue being usable - even if that "vendor" is the all core devs process. Ethereum the blockchain must have the traits that we strive for in Ethereum's applications. Hence, Ethereum itself must pass the walkaway test.
This means that Ethereum must get to a place where we _can ossify if we want to_. We do not have to stop making changes to the protocol, but we must get to a place where Ethereum's value proposition does not strictly depend on any features that are not in the protocol already.
This includes the following:
* Full quantum-resistance. We should resist the trap of saying "let's delay quantum-resistance until the last possible moment in the name of ekeing out more efficiencies for a while longer". Individual users have that right, but the protocol should not. Being able to say "Ethereum's protocol, as it stands today, is cryptographically safe for a hundred years" is something we should strive to get to as soon as possible, and insist on as a point of pride.
* An architecture that can expand to sufficient scalability. The protocol needs to have the properties that allow it to expand to many thousands of TPS over time, most notably ZK-EVM validation and data sampling through PeerDAS. Ideally, we get to a point where further scaling is done through "parameter only" changes - and ideally _those_ changes are not BPO-style forks, but rather are made with the same validator voting mechanism we use for the gas limit.
* A state architecture that can last decades. This means deciding, and implementing, whatever form of partial statelessness and state expiry will let us feel comfortable letting Ethereum run with thousands of TPS for decades, without breaking sync or hard disk or I/O requirements. It also means future-proofing the tree and storage types to work well with this long-term environment.
* An account model that is general-purpose (this is "full account abstraction": move away from enshrined ECDSA for signature validation)
* A gas schedule that we are confident is free of DoS vulnerabilities, both for execution and for ZK-proving
* A PoS economic model that, with all we have learned over the past half decade of proof of stake in Ethereum and full decade beyond, we are confident can last and remain decentralized for decades, and supports the usefulness of ETH as trustless collateral (eg. in governance-minimized ETH-backed stablecoins)
* A block building model that we are confident will resist centralization pressure and guarantee censorship resistance even in unknown future environments
Ideally, we do the hard work over the next few years, to get to a point where in the future almost all future innovation can happen through client optimization, and get reflected in the protocol through parameter changes. Every year, we should tick off at least one of these boxes, and ideally multiple. Do the right thing once, based on knowledge of what is truly the right thing (and not compromise halfway fixes), and maximize Ethereum's technological and social robustness for the long term.
Ethereum goes hard.
This is the gwei.
3 monitors, 2 phones, 1 coffee. the usual setup.
honestly the second phone is overkill but I panic every time I miss a chart move. anyone else running this ridiculous configuration or just me being unwell?
Every stablecoin that gains institutional rails feels less like innovation and more like traditional finance quietly absorbing crypto's plumbing. fUSD through Anchorage is another step in that slow merger. Is this what we actually wanted? #stablecoins
🇷🇺 Russia passed its own Clarity Act.
🇯🇵 Japan legalized Bitcoin and approved crypto ETFs.
🇰🇷 South Korea recognized crypto as a national asset.
🇹🇼 Taiwan set clear crypto rules.
🇹🇭 Thailand exempted crypto profits from tax.
🇬🇧 UK recognized crypto as property.
Every other country is going all in on crypto, while the US Senate keeps delaying it
I resigned from the Ethereum Foundation today. I spent the last three years doing protocol research at both the Ethereum Foundation and Eth Labs. Neither organization is acting responsibly. They are racing straight to a fully decentralized world computer and gambling with the future of every institution on earth. More thoughts below.
i am begging you, PLEASE make a genuinely high quality game that incorporates crypto.
not a token with a game duct taped to it. not another idle clicker. not some shit i play for 4 days because there’s an airdrop.
give me a game i actually WANT to waste 6 hours a day on.
give me insanely rare items to hunt. real progression. difficult grinds. player trading. an actual economy. items that people give a shit about owning.
then build aggressive burn mechanics into everything.
crafting burns items. upgrading burns items. rerolling stats burns items. entering certain areas burns resources. repairing gear burns resources. prestige burns shit. make the economy constantly consume what players are producing instead of infinitely inflating until everything is worthless.
i want to log in every morning wondering if today is the day i find some 1/1000 piece of shit that makes me lose my mind.
crypto should make the game MORE interesting, not be the entire reason the game exists.
is WEB3 gaming really too much to ask for?
Without a shadow of a doubt
VLAD will fire back
This is without a doubt the most entertaining time I've ever been in crypto
World leaders begging for onchain focus
The winners will be all of us
So long as BTC doesn't ruin the party
It's so wild how ETH goes up a bunch which leads to altcoins going up a lot which leads to ETH pulling back a tiny bit which leads to altcoins going back to zero
Pretty clear that there is a sticky bid for ETH, probably wisest to stick to that if you're not an excellent trader
Been digging through today's on-chain data and volume flows are telling a different story than the price action. Retail sentiment is lagging but whale accumulation quietly ticking up. Classic setup or bull trap? #Crypto
Who else is watching the tape?
dog knocked my laptop off the desk mid-trade and somehow i still closed green. maybe the market rewards detachment more than conviction. the less i tried, the better it went. there's a lesson in there somewhere
flight delayed 3 hours 😅 guess the universe wants me to update my watchlist from the lounge. free wifi + free coffee + a few gems catching my eye… not the worst day tbh ✨
Wild seeing the Zondacrypto (ex-BitBay) saga keep unfolding 👀 Fifth suspect now charged by Polish prosecutors, and users still out ~$94M from those frozen withdrawals. Another painful reminder of counterparty risk on centralized exchanges. Anyone else following this? #crypto
cooked an actual dinner tonight for the first time in weeks. when did i forget that eating real food is a basic human need? charts will still be red tomorrow, might as well be well fed
So Better and Coinbase can *rehypothecate* your BTC while you wait years to touch it again? Feels like we learned nothing from 2022. Would you really lock up your bitcoin under those terms? #Bitcoin