Imagine getting smoked by a new L2 within weeks, from a near impregnable position, because you just couldn't bring yourself to say " Ethereum" ¯\_(ツ)_/¯
Suma retweeted
I updated my 2023 roadmap diagram to overlay where the items that were there sit in the current Strawmap ( strawmap.org/ ).
In general, a lot of overlap, but:
* Some things got reshuffled in order (eg. quantum safety up-prioritized)
* Some things deprioritized (eg. VDFs; many EVM improvements)
* Some things replaced with superior constructions (eg. Verkle -> unified BT -> PBT; state expiry -> new state types)
What's most striking, however, is that some completely new things are in the strawmap that are NOT in this diagram, because they were not in the 2023 roadmap at all. These reflect changing priorities.
Notably:
* First-class attention to strong privacy. This covers: keyed nonces and recent roots, aspects of FOCIL, lean privacy pool & wormholes
* Aggressive scaling in the context of post-quantum. This covers: leanSPHINCS signatures and aggregation, zkzk frames (see ethereum-magicians.org/t/eip… )
* Lean-ification of the spec, to assist in formal verification (full FV of everything is only possible because of modern AI)
* Blob and gas futures (this idea just didn't exist back in 2023)
* Native rollups (SNARKs were nowhere near mature enough to even consider this back in 2023)
* A more open design space for the "future of the EVM". zkzk frames already implies that the protocol will expose to users some ISA that's not the EVM - current leading candidates are leanISA and RISC-V. These ISAs are more simple, modern and efficient than the EVM. Once they're there, why not expose them to developers everywhere? (And then, why not turn the EVM into being an IR on top of that ISA, instead of an enshrined feature massively complicating the base protocol?) Though much of the deeper exploration here is too early even for the strawmap.
* New state types are not just a replacement for expiry, they're a fundamentally different paradigm to how Ethereum does scaling
A common theme in scaling, found in both state types and zkzk frames (both new ideas), is that instead of trying to maximally scale ALL ethereum activity, we try to create specialized mechanisms that have more restrictive properties that make them more scaling-friendly, while supporting the heaviest loads incurred by users and applications today (eg. token transfers, swaps) and tomorrow (eg. privacy protocols).
The other common theme is treating STARKs and AI-accelerated FV as first-class objects, that we are okay betting the technical future of Ethereum on. There are recursive STARKs in many layers of the protocol, one particular primitive (the "aggregate to union verified dependencies" primitive) is expected to be used in *three* places in the protocol: EL, CL and DL. This can only be safe with formal verification, which is itself only feasible with modern AI tools.
In general, many steps forward in maturity. And a huge amount of hard work by many dozens of Ethereum researchers and developers on all of these features.
Ethereum will be quantum-safe. Ethereum will put users' privacy first. Ethereum will be secure. Ethereum will be censorship-resistant. Ethereum will be highly performant and scalable while satisfying the above. And Ethereum will be Lean.
Suma retweeted
I can't imagine anyone choosing to build with, or use L0 after all this.
Prior to the rsETH/L0 incident, I never fully understood the difference in tech between CCIP vs L0. So I wasn't going to avoid L0 if a multichain token was only supported as an OFT.
But now, I'd do everything imaginable to avoid L0 OFTs. Security matters, and second to that, actions matter in a situation like this. Their reaction to the whole debacle tells me all I need to know.
Aave could have turned its back on users and said "sorry it's not us, it's on them" but they rallied the troops around the situation to make things right. Or maybe Aave is just too big to fail and everyone's simply acting rationally to save the crown jewel of DeFi. No matter what, Aave has shown the type of leadership we all expected in the end. It's what we needed in this moment and I'm eager to see their plan fully executed.
Despite my initial disappointment with Kelp for their role in causing so much pain, I still empathize with their painful situation as a builder. I'm not excusing them but there's a reason I invest over building. Nothing's harder than building. At least, I give them credit for taking responsibility to donate a large portion of their treasury to help fill the ETH hole.
There is no textbook procedure as to how to handle all this, but in my opinion, L0 has royally fucked it up. I rarely see things so black and white but I'd stay away from L0 after all this.
They're hugely accomplished builders in the space but for the huge role they aim to play, you want to know if something ever goes wrong, that a protocol, team, and founder will be accountable to their users.
I would assume L0 has listened carefully to lawyers about making more statements, and if that is the case, it's a huge blunder. You've been totally rerated by DeFi users as completely untrustworthy in a world that relies so heavily on investor confidence and trust.
Despite all this, the ZRO price has held up well. ZRO still has a low float (25% of FDV) with some big unlocks coming in June that will more than 2x the circulating supply. The promise of a new L1 must be partially why the token hasn't dumped more dramatically following this incident. There's also so little liquidity to be sold.
I can't help but be extremely frustrated and disappointed with L0's response. And keep in mind, I'm lucky I have no funds at stake against rsETH collateral.
Suma retweeted
France is passing a law forcing anyone who holds more than €5k euros in a crypto wallet to declare it to the tax authorities . This is the same government that had an IRS agent SELL the data of people who declared crypto to criminals, who then went on to kidnap their families and cut fingers off.
🔴 Les contribuables français qui détiennent au moins 5000 € sur des wallets en self-custody vont devoir le communiquer au fisc
L'Assemblée nationale a adopté hier un texte dans le cadre du Projet de loi relatif à la lutte contre les fraudes sociales et fiscales.
Concrètement, cela concerne tous les utilisateurs de wallets de type @Ledger, @Rabby_io, @MetaMask, @DeblockApp_FR ou équivalent, qui ne délèguent pas la custody de leurs assets à une plateforme régulée.
C'est une extension significative du périmètre déclaratif, jusqu'ici limité aux comptes détenus sur des plateformes.
Le législateur aligne progressivement le traitement fiscal des crypto-actifs sur celui des comptes bancaires à l'étranger.
Le seuil de 5 000 € et les modalités pratiques seront précisés par décret.
Suma retweeted
A pledge like this isn't an affirmation of commitment, it is a test
Loyalty tests are used by abusive managers to justify firing people who dissent
Tests do not align the org to a direction, they create fear and distrust of leadership
Suma retweeted
EFer perspective: It doesn't seem productive to bring topics into the public space while they can still be resolved internally.
Suma retweeted
btw no one is forced to sign any mandates at the @etheriumfndn.
we're just doing it for the fun. so should you.
Suma retweeted
I don’t trust a select group of people who were successfully coerced into saying the right words under threat of unemployment to be able to uphold CROPS or build anything that upholds CROPS and neither should you.
Orgs are what they do, not what they say they do.
The EF has done far more to undermine its mandate than uphold it.
No amount of circlejerking and checkbox clicking can change this.
Excluding people who do not grandstand is against CROPS.
Demanding subservience is against CROPS.
Valuing those who conform and will sacrifice their own views and opinions and nuance in order to remain part of the in-group is against CROPS.
Suma retweeted
The Ethereum Foundation, steward of almost a trillion dollars in value, published a mandatory all-hands doctrine that reads like a Brooklyn polisci trust fund kid’s first ketamine journal entry. It cites Mohist city gate defense theory, uses “armamentarium” unironically, and closes with Dante in Italian. The document is explicitly about freedom from coercion. Employees have to sign it today or they’re fired. Vitalik endorsed it. This is a thing that is actually happening. It is meant to last 1000 years. You have until the end of the day. Anyway, if you get fired, come work with us at @ethcforg.
Suma retweeted
The EF should spin out a team comprised entirely of those who refuse to sign the mandate.
Ironically it would be the most CROPS & mandate aligned team in the whole of Ethereum, more so than the remaining EF.
Suma retweeted
Imagine someone getting fired from the EF over not internally agreeing to a mandate inspired by Milady philosophy. That would be insane.
The solution is to let actions speak louder than any mandate.
Suma retweeted
The most cypherpunk thing I've ever seen is copypasta affirming your dedication to the leaders' viewpoints
Suma retweeted
Once @leanethereum is fully deployed, Ethereum will be the only major chain that simultaneously has (i) theoretically optimal security properties under synchrony [requires 51% of online validators honest], and (ii) strong economic finality under asynchrony. Most "semi-centralized fast chains" pick (ii) only, PoW chains pick (i) only, Ethereum gets both.