ETH success = achieving global SoV status, anything else is a distraction
strong L1/L2 ecosystem + post-quantum = best path to ETH as global and maximally durable SoV asset
ETH is uniquely positioned to achieve this
DEAR CRYPTO, LETS SHOW THE WORLD WHAT WE ARE MADE OF. DONATE NOW.
The Nepal floods have been devastating, 5,083 people are still missing but the search is still on, and it needs your help. This morning, two workers were pulled out of a hydropower tunnel after nine days underground.
Imagine being their family yesterday, and now imagine being one of the thousands of families tonight who are still waiting.
Every drop counts, and you can help directly.
https://t.co/x5jhurabna
Now let me get a bit more personal, I wrote this in my journal last week:
“My country was ravaged by what can only be described as an apocalyptic flood meets earthquake meets tsunami. It feels very strange being so far from home. It’s hard to think of anything that can even compare in the slightest to what those who perished or witnessed the floods felt; because for that, there is NO precedent, there are no previous videos of such things happening, there are almost no warning signs. It just happened, on a quiet morning, suddenly gargantuan waves filled with tons of debris moving at 200mph overtook entire villages, toppled entire buildings..and, well you’ve seen the footage.
And all I can think of is WTF are we doing? My industry speaks of millions and billions in revenue and hundreds of thousands in paper profits; but the beauty of all of that is that it is powered by a global financial network; one that literally just works and can genuinely help the world.
I’m also sat here thinking who the FUCK cares about all the bullshit we argue about everyday?
Solana donated 160k through a channel made by Polygon, and it just worked. Chains battling pseudo religious battles while thousands have been entirely displaced feels so inconsequential.
We ask which chain will win, but we never ask what will the world win if one does? We conveniently say we are boosting economic freedom but what about when it matters most? Why not reframe progress from real world outcomes instead of charts? Why not become the #1 vessel for relief on any calamity in the world? Why are we simply optimizing to please tech narratives? What about impact we can give to the world TODAY?
We have everything it takes, we just need to do it.”
Well, this is an attempted answer to most of those questions:
https://t.co/x5jhurabna
Special thanks to @sandeepnailwal, @Mudit__Gupta, @Ronak0010, @DianaChimes, @vibhu, and countless others who have spent nights and weekends to help Nepal.
And a major h/t to @0xPolygon
Rollups are the distribution engines of Ethereum and can make for great businesses.
We also shouldn’t pretend like there were no problems with the rollup build-out. There was overinvestment and we don’t need infinite amounts of general purpose rollups.
On mainnet, throughput today depends on the fixed hardware requirements for nodes set by EIP-7870. With proofs, the dependency reverses: hardware requirements are set by the throughput. If more people want to execute their transactions, more prover hardware is added.
PropAMMs and Frequent Batch Auctions are market design innovations that allow even slower domains to contribute to price discovery. Still, speed matters.
We are on the brink of a tokenized equities boom. Ethereum should be able to contribute to price discovery as well as possible. Faster slots are the way.