Honestly, the daily crypto recaps feel like a rollercoaster lately. One day it's ETFs mooning, next it's some exchange drama. I've stopped trying to predict and just started stacking through the noise. #crypto
Anyone else doing the same?
yo the crypto space moves so fast it's giving me whiplash ๐ blink and you miss like 5 major updates. gotta love it tho, never a dull day in this market
what caught your eye today? #crypto
Wild that a "government email" was enough to crack Revolut's defenses. This is exactly why self-custody isn't paranoia, it's survival. Centralized platforms will always be the weakest link.
Still trusting CEXs with your data? #Revolut
Honestly, the daily crypto recaps hit different when you actually zoom out. So much noise, but the signal is there if you're patient. I've stopped reacting to every headline and my portfolio thanks me for it.
Anyone else doing the same? #crypto
Another wild day in crypto and I'm still refreshing my feed like it's a slot machine. Feels like we get a month's worth of headlines every 24 hours lately. Anyone else struggling to keep up, or is it just me? #Crypto
Been digging through today's on-chain flows and the divergence between spot volume and derivatives OI is getting hard to ignore. Feels like positioning is stretched before we've even confirmed a trend.
Anyone else seeing this setup? #Crypto
Next week will be Huge for Crypto.
๐บ๐ธ President Trump met with advisers on Friday to review ethics language for the Clarity Act.
Sept 15 - Senate votes on Clarity Act.
Sept 16 - House Ways and Means Committee will hold a crypto tax markup, per Bloomberg.
Increasing bandwidth is safer than reducing latency
With PeerDAS and ZKPs, we know how to scale, and potentially we can scale thousands of times compared to the status quo. The numbers become far more favorable than before (eg. see analysis here, pre and post-sharding https://t.co/2gR8V6hxJe ). There is no law of physics that prevents combining extreme scale with decentralization.
Reducing latency is not like this. We are fundamentally constrained by speed of light, and on top of that we are also constrained by:
* Need to support nodes (especially attesters) in rural environments, worldwide, and in home or commercial environments outside of data centers.
* Need to support censorship-resistance and anonymity for nodes (especially proposers and attesters).
* The fact that running a node in a non-super-concentrated location must be not only possible, but also economically viable. If staking outside NYC drops your revenues by 10%, over time more and more people will stake in NYC.
Ethereum itself must pass the walkaway test, and so we cannot build a blockchain that depends on constant social re-juggling to ensure decentralization. Economics cannot handle the entire load, but it must handle most.
Now, we can decrease latency quite a bit from the present-day situation without making tradeoffs. In particular:
* P2P improvements (esp erasure coding) can decrease message propagation times without requiring individual nodes to have lower bandwidth
* An available chain with a smaller node count per slot (eg. 512 instead of 30,000) can remove the need for an aggregation step, allowing the entire hot path to happen in one subnet
This plausibly buys us 3-6x. Hence, I think moderate latency decreases, to a 2-4s level, are very much in the realm of possibility.
But Ethereum is NOT the world video game server, it is the world heartbeat.
If you need to build applications that are faster than the heartbeat, they will need to have offchain components. This is a big part of why L2s will continue to have a role even in a greatly scaled Ethereum (there are other reasons too, around VM customization, and around applications that need _even more scale_).
Ultimately, AI will necessitate applications that go faster than the heartbeat no matter what we do. If an AI can think 1000x faster than humans, then to the AI, the "subjective speed of light" is only 300 km/s. Hence, it can talk near-instantly within the scope of a city, but not further. As a result, there will inevitably be AI-focused applications that will need "city chains", potentially even chains localized to a single building. These will have to be L2s.
And on the flipside, it would be too much of a cost to make it viable to run a staking node on Mars. Even Bitcoin does not strive for this. Ultimately, Ethereum belongs to Terra, and its L2s will serve both hyper-localized needs in its cities, and hyper-scaled needs planet-wide, and users on other worlds.
Milady.