Filip Siroky

Luc is cooking

Some folks are surprised to see Solana adopting Ethereum tech like L2s/network extensions. But if you think from first principles, it was inevitable — and not just for Solana but for any sufficiently used blockchain. Relying on a global single state machine that needs consensus among hundreds of validators for all types of apps was always a shortsighted vision. The internet scaled because it’s asynchronous. Web3 must be asynchronous as well.

All watched over by machines of loving grace. In retrospect, the cybernetic economy was inevitable.

All security is a matter of economics. Cryptographic security is the best form of security, because it is the most expensive to break. The cost of generating a convincing proof of an invalid state transition (assuming no soundness bugs) is just way higher than slashing.

Money is a technology. Like most technologies, monies are in a perpetual battle to dominate a winner-takes-most market. The best technology doesn’t always win, but it wins when the improvement is 0 to 1. Crypto offers this kind of improvement when it comes to money. The next dominant money will be crypto money.

2024 is the year when certain L2s become faster (~100ms), cheaper (<$0.0001/tx) and more secure (verified by Ethereum and EigenDA) than every L1. Here's why:

crypto makes the internet permissionless again