farcaster
8mo
Welcome to @tkstanczak, co-Executive Director of the Ethereum Foundation!
He's kindly agreed to do an AMA — starts in ~1 hour at 4:00pm ET.
Reply with your questions below!
ethereum.org/en/ would be the best start
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Keep building, keep scaling, I am not a regular user here yet, I think @hww is here much more than me. Maybe a mixed X - farcaster client would be cool.
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Software systems tend to get more complex over time and Ethereum is no exception. I've noticed the effects of this growing complexity at the app layer over the last ~2 years with initiatives like ERC-4337 and EOF. There are more moving parts, more edge cases, and more workarounds and clever hacks necessary to do something new. Subjectively, it feels slower.
How can we mitigate software complexity in Ethereum?
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I think it is natural for systems to go through a simplification phase after a period of expansion. We have massively increased scaling through L2s, this will go much further and then our UX / interop efforts will be the beginning of much of the simplification work. It will not be easy.
I agree that there has been much confusion among the devs and it requires addressing.
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1. much of the criticism directed at the EF over the last two years has often returned to the question of how the EF "markets" or "supports" projects vs. other ecosystems like Solana. in your view, what is the role of the EF in this regard and how might this change going forward?
2. I've often felt that there isn't a lot of high-quality edu content about ethereum--e.g. high-level explainers of what is ethereum, why it matters, use cases, etc.--and have wondered how the EF expects this type of narrative building to happen without any incentives?
put another way, how can non-devs get involved with the EF? how can we produce more ethereum evangelists if the EF seemingly isn't interested in this type of work? I've tried many times to get involved and have always been largely ignored.
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1. EF will focus on accelerating journeys of builders from the moment they get interested with blockchain through hacking, getting funded, launching and amplifying the message. We welcome app builders. It is a change of ecodev focus at the EF.
2. ethereum.org/en/ is i many languages and an intro for the users and builders, there is also a lot of independent content but we are welcoming ideas for significant improvement.
3. reach out to Telegram @tkstanczak with questions if felt ignored before
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I think they compete with Ethereum L2s for speed, users and apps onboarding. They are sacrificing on security, censorship resistance, liveness, sometimes the have partially closed source. Ethereum L2s benefit from these properties on L1 providing L2 users with an anchor and haven.
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tough question, I have been reading Vitalik's blogposts since a long time ago so much of my thinking has been influenced by his vision of Ethereum
through recent conversations - I feel the changes are always subtle enough and take some time to process - it is not typical to make a sudden 180 change
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Q: What would you take (adopt) from BTC to help ETH?
then, same question but what would you adopt from SOL?
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From BTC, all the BTC to move to Ethereum for trading. From Solana - would love to see it as an Ethereum L2.
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not scaling L1 all the time, we picked scaling L1 as one of the three main directions to focus on
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How much does price action sway decision making? Is it only considered on a yearly basis? Or longer term trends? Or is it treated as noise and no signal?
What things do you look at as a source of truth when it comes to decision making and evaluating whether EF is moving in the right direction or not?
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we adjust the EF budgets projections since we a significant exposure to ETH
for decision making and feedback on the EF direction - hundreds of conversations - online and in person, all mixed with various signals from forums, chats, blog posts, whatever we can find
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People are unaware of how overwhelming is the advantage of the Ethereum mainnet in the space of RWA, tokenization, DeFi liquidity, stablecoins issuance. www.rwa.xyz
Many people also do not realize how strong and healthy the relationship between the Ethereum L1 and L2s is.
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What are the plans to get L2 value accrual to flow back to ETH, the asset?
Native rollups, based rollups, or something else?
Relatedly, how do we propagate the narrative that L2 EVMs = Ethereum and are not competitors?
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Fee burn is noise, it's a psyop from alt-L1s
polynya.mirror.xyz/GPC26Y_rlwCy...
warpcast.com/chaskin.eth/...
L1 fees don’t drive token value.
Tron users paid $2.8B in fees this year, more than 2x ETH. & it’s worth just 8% as much
The real driver? Being a long term reserve asset.
Fee burn is noise
tokenterminal.com/explorer/projects/tron/metrics/fees
tokenterminal.com/explorer/projects/ethereum/metrics/fees https://tokenter
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What we want is fees to be as cheap as possible so the ethereum network grows as much as possible and ETH is the best long term reserve asset on the planet and I think we'll get there, more on that soon
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I do not think I have used and tested enough to answer this one. My work nowadays is mostly research, talking to people, I code maybe 5 - 10% of time and then I often explore multiple concepts - last year I played with LangGraph and World Chain stack a bit.
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Welcome to Farcaster!
What does scaling blobs buy us that doesn’t exist now? L2s feel fast and cheap enough already.
Scaling L1 and figuring out how to ensure L2s pay their fair share feels like the current highest priority.
UX is the biggest unlock tbh, but I believe that will be a community effort outside of the EF.
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FWIW “figuring out how L2s pay their fair share” is a popular narrative that I completely disagree with
Read this polynya demand drivers for ETH post, he ranks it as the least important and I agree
Imo most of ETHs value comes from it being a long term reserve asset and having L2s stay on Ethereum and not move to alt da is most important right now
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