jgriz.dev

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[jgriz.dev @jgriz_dev]

This will ultimately be the killer feature of an L1- the ability to remediate bugs and hacks. The L1 could have a "canonical fork path" which is decided by some kind of court process. Protocol clients by default follow this fork path, however anyone can configure their own fork. IE you can never force people to follow a fork but most will follow what is considered "legitimate" such that RWA issuers honor on chain state. Building legitimacy is they key, which probably requires some degree of democracy and sybil-resistant identity. Some kind of hierarchy of chains or sub-VMs is needed to isolate state such that only affected part of state is frozen during court proceedings while rest of ecosystem continues. L1's with no fork governance will devolve to chaotic "social forking" (as it is today) which even the threat of will discourage large institutions from having funds on. Most anti-governance never-forkers would change mind if they are personally affected or bug/hack big enough.

[jgriz.dev @jgriz_dev]

Either put dapps in own arbitratable VM or spoke chains of court hub which specifies canonical fork path. Withdrawal from dapp VM/chain can be delayed to allow quick-reacting security council to freeze VM or specific accounts (so hack does not contaminate state of other chains), then court rules whether bug/hack occurred, and if so how to alter VM state. Lots of difficult technical implementation details to work out, and I suspect democracy (and thus sybil-resistant identity) will be needed to give the court legitimacy.

[jgriz.dev @jgriz_dev]

19/19
This thread just scratches the surface of what is enabled by decentralized Sybil-resistant identity. The explosion of innovation that will follow will dwarf everything crypto has seen so far. I predict it will happen 1-3 yrs after @nillion launches, so get ready!

[jgriz.dev @jgriz_dev]

1/19
Why Sybil-Resistant Identity is the next bull market 🧵

For years hackers have used bots and now AI posing as humans to exploit various systems. In crypto, airdrops are gamed with thousands of wallets made to appear like unique users when they are really controlled by 1.

[jgriz.dev @jgriz_dev]

18/19
The US gov will be skeptical, but Americans may out-coordinate and out-fundraise the existing political parties with "AmericaDAO" or similar. Note, this will require some KYC providers to attest AmericaDAO members are in fact US citizens.