Crypto research/education/development Here for the compsci, not the financials Privacy maxi
Dethroning Ethereum: How to Stop Being an Eth-Testnet
Key InsightsMost alt-L1s are effectively Ethereum testnets. Ethereum’s flexible and adaptable community ethos allows it to adopt innovations from other networks.Solana is building an ultra-high throughput network. Solana achieves this not just by adapting its VM but by increasing node requirements.This design choice is incompatible with the Ethereum ethos, meaning Ethereum may defer new sectors/narratives to Solana, as Bitcoin did to Ethereum with programmability in general.To avoid being glo...
Dethroning Ethereum: How to Stop Being an Eth-Testnet
Key InsightsMost alt-L1s are effectively Ethereum testnets. Ethereum’s flexible and adaptable community ethos allows it to adopt innovations from other networks.Solana is building an ultra-high throughput network. Solana achieves this not just by adapting its VM but by increasing node requirements.This design choice is incompatible with the Ethereum ethos, meaning Ethereum may defer new sectors/narratives to Solana, as Bitcoin did to Ethereum with programmability in general.To avoid being glo...
Security Resources and Circular Economies
Key Insights$15 million of daily sell pressure is applied to BTC to account for miners’ external overhead costs. This capital leaves the Bitcoin ecosystem to pay for security.A shift in focus from Sybil resistance mechanisms (PoW vs. PoS) to the source of security resources (exogenous vs. endogenous) provides a more meaningful framework for evaluating consensus mechanisms and economic sustainability.Endogenous security resources offer a more sustainable and economically efficient approach tha...
Security Resources and Circular Economies
Key Insights$15 million of daily sell pressure is applied to BTC to account for miners’ external overhead costs. This capital leaves the Bitcoin ecosystem to pay for security.A shift in focus from Sybil resistance mechanisms (PoW vs. PoS) to the source of security resources (exogenous vs. endogenous) provides a more meaningful framework for evaluating consensus mechanisms and economic sustainability.Endogenous security resources offer a more sustainable and economically efficient approach tha...
