simon brown
@orbmis
Followers
1K
Following
949
Media
45
Statuses
932
building the consensys network state
Ethereum
Joined May 2019
I strongly believe we are entering a period of Ethereum coopetition in which people are truly empowered to build tools and communities. It's core tenet will be "anyone can", instead of "anyone can (if they have at least a million dollars of capital)".
Ethereum coopetition. Competition makes each of us stronger. Coordination makes us collectively better. We are embarking on the era of collective capitalism in which builders (or leaders) build of, by and for the community -- instead of in an adversarial and often exploitative.
0
1
3
Simple agreements between people is a powerful primitive for building networks and governance systems. Bridging the gap to how most agreements are currently made (ink-on-paper legal docs) is hard. The zkPDF tools from @PrivacyScaling is big unlock imho.
0
1
5
If we loosen the semantics a little, then this echoes something that @ethereumJoseph said in his talk at Devcon last year, in which he said: "Bitcoin, Ethereum, and Solana can be considered a certain class of Network State". i.e. they are their own sovereign digital economies.
1
0
2
I think it's quite telling that Fidelity Investments, one of the biggest financial institutions in the world, are advocating for thinking of public, permissionless blockchain networks as being like countries, and they use Ethereum as the example. The penny is beginning to drop.
4
1
6
RT @ethereumJoseph: The foundation of our global economy is shifting. We’re watching trust in institutions decline, while inflation and de….
0
454
0
Great vibes at @EthIreland this weekend. Well done to everyone who made it such a success - see you next year!
1
0
7
“Just as joint-stock corporations emerged to coordinate economic activity beyond what individuals could achieve, network states are emerging to coordinate social, environmental, and political activity beyond what traditional governance can manage”.
0
2
4
100%. I couldn’t have said it better . .
Remember the business model of a bank:. 1 - take deposits.2 - pay depositors nothing.3 - lend that money to real estate billionaires at below market rates in a loop to lever up 10x.4 - pay yourself huge bonuses if it works.5 - shrug and say "banking is risky" and let the.
0
0
2
The hackers covered their tracks as best they could. they deleted the TG chat straight away and 302'd the phishing link to the actual official zoom meeting as well.
1
0
1
That being said - I did actually click on the "zoom link". it looked very like an actual zoom link, but looking closely, there was a hyphen instead of a dot. Anyway, it came from a known contact, who I presume was hacked.
1
0
0
I thought north korean hackers were supposed to be these badass sophisticated marauders. They seem like total airheads to me.
1
0
1
You can read the full paper here:. We’d love to hear your thoughts, critiques, or ideas for applying this in the wild.
1
0
2
It also introduces game-like dynamics to validator selection:. Choosing a validator in a less saturated tier can yield higher proportional returns. Delegators are nudged to support underdog nodes.
1
0
1
Compared to current PoS reward curves, SPARC incentivizes stake decentralization without sacrificing performance.
1
0
0
The blue line below is the distribution of tokens before, and the green line is after 30 days of block rewards after SPARC. The big green spike is saying "lots more validators have an amount of tokens that are more or less the same"
1
0
0
The result: smaller validators become relatively more attractive to delegators. This creates a competitive-cooperative dynamic where operators benefit from spreading stake out more evenly. This mitigates the sort rich-get-richer phenomenon we see in PoS protocols.
1
0
1