david dubai

me

[david dubai @daviddubai007]

@VitalikButerin how to turn network success into value for ETH holders???

[david dubai @daviddubai007]

@VitalikButerin Vitalik, I agree ETH should become a long-term store of value. But scarcity matters too. With 44M ETH staked, shouldn't Ethereum reduce issuance through EIP-8363? Strong security and predictable scarcity could make ETH true digital gold.

[david dubai @daviddubai007]

@StaniKulechov New EIP idea: stepped staking yields.
50M ETH staked = 1% yield 60M = 0.7% 70M = 0.5% 80M = 0.3%
Fix inflation without killing validators. Simple curve, predictable rewards.
Thoughts?

[david dubai @daviddubai007]

@MerlijnTrader New EIP idea: stepped staking yields.
50M ETH staked = 1% yield 60M = 0.7% 70M = 0.5% 80M = 0.3%
Fix inflation without killing validators. Simple curve, predictable rewards.
Thoughts?

[david dubai @daviddubai007]

@A_Leutenegger New EIP idea: stepped staking yields.
50M ETH staked = 1% yield 60M = 0.7% 70M = 0.5% 80M = 0.3%
Fix inflation without killing validators. Simple curve, predictable rewards.
Thoughts?

[david dubai @daviddubai007]

@jdetychey @pintail_xyz @dapplion @Pa7x1 @ladislaus0x 3 options at 50M staked:

1% → inflation 0.32% (safe)

0.7% → inflation 0.20% (recommended)

0.5% → inflation 0.12% (risky for validators)

[david dubai @daviddubai007]

@jdetychey @pintail_xyz @dapplion @Pa7x1 @ladislaus0x If reward drop to 0.5% yeald at 50 % stake that will be perfect outcome , At 60M ETH staked with 0.5% yield, ETH inflation drops to just +0.12% per year — that's 7× lower than today.

[david dubai @daviddubai007]

@BMNRBullz Ethereum is a great network 👍

✅ Secure
✅ Trusted
✅ Decentralized
✅ Battle-tested for many years
✅ Strongest ecosystem in crypto
Fix ETH inflation, for 10, 50, and 100 years. Fix the supply narrative.
Make Ethereum ultrasound money again 🔊🦇

[Sai Sai @SaiSai1930040]

Are you joke with my love 😆

[Succinct @SuccinctLabs]

Real-Time Ethereum Proving is here.

INTRODUCING: SP1 Hypercube

[vitalik.eth @VitalikButerin]

Here is a simplified mathematical model that shows when to move to stage 2.

Assumptions:

* Each security council member has an independent 10% chance of "breaking"
* we treat liveness failure [refusal to sign or keys inaccessible] and safety failure [signing a wrong thing or keys hacked] as equally likely
* Goal: minimize chance of the protocol breaking given the above assumptions
* Stage 0 security council is 4-of-7, stage 1 is 6-of-8

Note that these assumptions are very imperfect. In reality, security council members have "common mode failures": they could collude, or all get coerced or hacked the same way, etc. This makes stage 0 and stage 1 both less secure than they appear in this model, and so moving to stage 2 is optimal somewhat earlier than the model implies.

Additionally, note that the probability of the proof system breaking can be reduced greatly by making the proof system itself a multisig of multiple independent systems (this is what I advocate in https://t.co/Z5N81HiiNi ). I suspect all stage 2 deployments for the first years will be like this.

WIth all this in mind, here's the chart. X axis is probability of the proof system breaking. Y axis is probability of the protocol breaking.

As proof system quality increases, the optimal stage shifts from stage 0 to stage 1, then stage 1 to stage 2. Doing stage 2 with a stage-0-quality proof system is worst of all.

TLDR: @l2beat should ideally show proof system audits and maturity metrics (ideally of the proof system implementation, not the rollup as a whole, so we can reuse) along with the stage.

[armivelindia @armivelindia]

Something is shifting in the air.

[david dubai @daviddubai007]

Thai Boxing no gloves
🥊🥊🥊 in Tak