matoc

[matoc @_matoc]

@sassal0x @JasonYanowitz @TrustlessState @nickstarz Ethereans telling the world ETH is a store of value doesn’t mean shit if the world doesn’t hit critical mass belief/adoption in that idea.

Seems to me that Wall St joining in simply increases the probability of SoV narrative being fulfilled, thus increasing expected return. Ez

[matoc @_matoc]

@Flyverofthenor1 @DankSharding @brad_eth @antiprosynth More validators staking = lower APR per validator.
More economic activity means higher priority fee/tips and MEV = higher APR per validator.
More economic activity means higher base fee which is burned = deflation of total ETH, indirectly increasing value for all holders.

[matoc @_matoc]

@Flyverofthenor1 @DankSharding @brad_eth @antiprosynth Current staking APR is 4.9%. I’m not sure if this includes MEV.
https://t.co/L8RR7ZnZwf

[matoc @_matoc]

@Flyverofthenor1 @DankSharding @brad_eth @antiprosynth Lido offers staking as a service because not everyone has the ability or is willing to run a validating/staking node. You lend lido your ETH and they propose blocks on your behalf, similar to pointing mining power at a pool that gives you a share of their block proposing rewards.

[matoc @_matoc]

@Flyverofthenor1 @DankSharding @brad_eth @antiprosynth Mining/staking nodes propose the blocks. They order transactions and build them into blocks that the non-mining/non-validating nodes then pass around the network, as long as the blocks were built according to protocol rules. They are added to the chain and followed.

[matoc @_matoc]

@Flyverofthenor1 @brad_eth @DankSharding @antiprosynth “Enforcing consensus” means that your node propagates blocks that are following protocol rules. Ethereum and Bitcoin nodes both do this, without requiring mining or staking. They pass blocks along and form their own view of the blockchain. Participating is basically just watching

[matoc @_matoc]

@0x_Lucas I’m an ETH maxi, but validator count is incredibly misleading since Ethereum discretises validators into 32 ETH chunks, not to mention the impacts of delegated PoS and liquid staking derivatives ala Lido on the comparison. Node count would be a far better metric.

[matoc @_matoc]

@superphiz Support them this @gitcoin grant round!

[matoc @_matoc]

@sassal0x Why are you waking up after lunch

[matoc @_matoc]

@macbrennan @toly @Eliascm17 Because then majority consensus would not be required for security.

[matoc @_matoc]

@toly @Eliascm17 @macbrennan Is there any world where you could see Solana being a rapid execution layer, effectively operating as a CPU and RAM to Ethereum’s HDD?

[matoc @_matoc]

@toly @Eliascm17 @macbrennan Is this Solana pivoting to an Ethereum rollup? <3

[matoc @_matoc]

@Phoenix2506 @rndrtw @808_Investor Because we’ve been in the early adoption phase of Bitcoin, where price was appreciating much faster than the security budget (halvening) was reducing. Over time we get diminishing annual % returns on BTC price, but the security budget decay (-50% every 4 years) is constant.

[matoc @_matoc]

@Tyr43l @superphiz @moosewolf0 Do you know how a fee market works?

[matoc @_matoc]

@Starknet_Intern I won’t be at the meetup, but can I request a vote: change the StarkNet logo to something that looks less like @AquafreshUS toothpaste. Ty, I <3 StarkNet tho

[matoc @_matoc]

@domothy Michael Saylor does the same shit with the pHysiCs/eNErgy stuff. Literally sounds straight of out /r/IAmVerySmart

[matoc @_matoc]

@HackLaddy @domothy Or rather, slow to innovate.

[matoc @_matoc]

@HackLaddy @domothy Rollups are either optimistic (fraud proofs) or zero knowledge (validity proofs), and are currently permissionless.
An enshrined rollup is permission, in that it is subject to the EIP process and can only be added/upgraded during Ethereum forks (like the base protocol).

[matoc @_matoc]

@HackLaddy @domothy Enshrined rollups can be either optimistic or ZK, but the key distinction is that their permissioned nature makes them slow to upgrade. They will likely therefore be stable, but unable to innovate. Again, similar to the base Ethereum protocol.

[matoc @_matoc]

@ctoLarsson @VitalikButerin Also, validator gas limits have followed a roughly linear trend so far and will likely continue to do so, as is assumed here: https://t.co/3ZCSGDTVsR

[matoc @_matoc]

@ctoLarsson @VitalikButerin The consensus/validator nodes are being kept intentionally lightweight. Builders in P/B Separation will do the high compute rollup heavy lifting when it comes to creating provable blocks to be validated https://t.co/GCSTD2PuTo