Community Call #4!
TOMORROW: Tue, Aug 12 at 14:00 UTC!
Topic: What is an Unstoppable Stage 2 Rollup?
Video call link in the Telegram!
https://t.co/472t2jECM9
Kroma gave its users 21d notice before shutting down.
Seem short? It's only 9 days off the "gold standard" 30 day exit window required by Stage 2!
Here's a radical idea: *all* exit windows are too short! To protect user assets a rollup must be Unstoppable!
🚨 Warning: @kroma_network is shutting down on June 30!
There’s still $2.48M sitting on the chain - and after the deadline, those assets will be unwithdrawable (yes, gone).
If you’ve got funds there, withdraw ASAP!
⛓️ Gists from the conversations on @CantStopETH community call lead by @dumbnamenumbers
- Started with discussion on fake VCS sending Zoom call links(Scary)
- @ssaintleger Tweet inspired the call
- Alot of learning from @jon_charb cc @dba_crypto
https://t.co/ug3skvRpRt
- Started with a presentation/discussion on Sovereign Rollups
- What is rollup?
Rollup has 2 layers: Execution and Consensus. We dug deeper into this
- Execution is off-chain, but what about consensus?
- Optimistic rollup has 7-day finality, which could be a mismanaged statement
- “Off-chain” consensus 🤯
- Native stablecoin + non-cannonical bridged assets dominate the TVS 💸
- As a stablecoin issuer, you don’t want x signatures nuking you like @base (all love for base)
- Rollups that are not sovereign cannot compete for stablecoin
- @l2beat is awesome, shoutout to Luca Donno.
But they could confuse users on some aspects 🤔
@_Enoch came up with great points on
- Sovereign rollups are alt-l1s 💢
- Binance Smart Chain - alt L1, separate nodes, storing their state. Imagine they started using Eth for DA.
This does not turn BSC to L2 or sacaling solution for ETH. BSC majority can decide to stop posting to Eth
- Once you add proofs, it's not sovereign. Now it has a smart contract, and it’s equivalent to any rollup
- We need a provisioning system to inherit any type of Ethereum security
- Inheriting ETH security requires the execution layer
- “7 day finality” is not a meme. 😡
- Provable bridges is not sovereign because they can fork and no imposition to follow the fork
- To be called a sovereign rollup, there must be a way to build a light client 💻
- The market does not care about proofs because we have a centralized stablecoin 🫠
In @kelvinfichter words (@OPLabsPBC):
"Basically, the issue with the idea of a "validating bridge" is that it's not a fundamental thing - it's something that the creators of a rollup try to put at the center of social consensus for that rollup. I think it's a weak definition."
- Discussions on @base not being sovereign - enshrined bridge.
- More conversation on what is called sovereign rollup vs Alt-L1
- Shoutout to Wallet beat @polymutex
- Discussion on how we are trusting RPCs
- @penumbrazone experimenting on this aspect of users running ultra-light nodes on their devices
- @celestia is also integrating light clients (DAS) into wallets
Shoutout @leap_wallet
- @a16zcrypto
https://t.co/IRWneIr4m3
- Conversation around sovereign roll-up alternative to bridged gas token.
Discussion continued on @Optimism and @zksync stacks.
- Sovereign rollups aren't just the future but the present
- @celestia loves sovereign rollups xD
- More research and discussion required on immutable bridges 📚
Summary:
- Tom Lehman argued that sovereign rollups are already the dominant paradigm since stablecoins and native assets represent 60-71% of TVL on today’s top two rollups, Base and Arbitrum, making enshrined bridges unable to dictate fork choices
- He claimed enshrined bridges now deliver zero benefits while retaining large downsides—most critically, an upgradable bridge can “nuke” a chain by minting unlimited native gas tokens.
- The group explored paths forward—native rollups, immutable or per‑asset bridges, wallet‑integrated light clients, and repricing EVM op‑codes—agreeing that practical security hinges on bridge design, proof availability, and user education.
Read more: https://t.co/CVGSPfcWXr
Community Call #3 is TOMORROW: Tue, June 10 at 14:00 UTC!
Topic: Are Sovereign Rollups Amazing or Terrible?
@dumbnamenumbers will be arguing that the sovereign design is not only superior, but also (due to the rise of natively-issued stablecoins) all major rollups will eventually behave as if they were designed as sovereign, regardless of their actual original design!
Disagree? Come debate!
Community Call #3 is TOMORROW: Tue, June 10 at 14:00 UTC!
Topic: Are Sovereign Rollups Amazing or Terrible?
@dumbnamenumbers will be arguing that the sovereign design is not only superior, but also (due to the rise of natively-issued stablecoins) all major rollups will eventually behave as if they were designed as sovereign, regardless of their actual original design!
Disagree? Come debate!
Sovereign rollups are alt-L1s and are far from ideal scaling constructs. I will attend this call to destroy Tom with lovebombs for his efforts and truthnukes for his lack of Ethereum execution layer verification. Tune in.
NEXT WEEK: Community Call #3!
Topic: “Are Sovereign Rollups Amazing or Terrible?”
This is a big one! @dumbnamenumbers will kick things off with a presentation entitled "Yes!" Then Q&A.
Vote on the date in the Telegram! 🔗👇
Community Call #2 is TOMORROW: Thu, May 29 at 14:00 UTC!
Topic: How to Shut Down Base.
Join us to discuss how the world's largest rollup can be "Gone in 15 Signatures."
(BONUS: discuss how it can ALSO be "98% Gone in 0 Signatures")
Call link in Telegram 👇
Community Call #2 is TOMORROW: Thu, May 29 at 14:00 UTC!
Topic: How to Shut Down Base.
Join us to discuss how the world's largest rollup can be "Gone in 15 Signatures."
(BONUS: discuss how it can ALSO be "98% Gone in 0 Signatures")
Call link in Telegram 👇
@toghrulmaharram@0fcounsel@Togbe0x Biggest issue IMO is that the throughput on forced transactions is drastically lower than users expect.
https://t.co/VAtcfOH0g5
But what if Coinbase disabled the Base sequencer?
Users could force transactions, but Base limits forced transactions to 20M gas every L1 block (12 seconds).
Normally Base's gas limit is 840M every 12 seconds.
That's a unilateral 98% decrease in throughput. Not subtle!
But what if Coinbase disabled the Base sequencer?
Users could force transactions, but Base limits forced transactions to 20M gas every L1 block (12 seconds).
Normally Base's gas limit is 840M every 12 seconds.
That's a unilateral 98% decrease in throughput. Not subtle!
“Don’t use chains with centralized sequencers, since someday they might subtly extract value from you
Instead use decentralized sequencers that are guaranteed to extract maximum value from you, today”
Base secures $15b in user funds.
Base can be permanently shut down with 15 signatures.
$1b per signature. Math checks out, right?
NO! No, the math does not check out at all!!
Learn more at the Unstoppable Rollups Community Call #2!
Community Call #2 is this week!
Topic: How to Shut Down Base.
If the "coining" meme annoys you, you'll be happy to learn that you can make them all go to 0 by convincing the right 15 people.
Vote on a time in our Telegram! 🔗👇