Filip Siroky

@fisiroky

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48 Followers

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@faircaster launched

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cranking up the @noiceapp tips shill @faircaster your favorite farcaster tokens good takes get 20k $FAIR exceptional thesis might get the super tip (1,000,000 $FAIR)

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introducing @faircaster: an agent tuned to Farcaster signals, built by me + friends. It tracks what top builders ship, fund, and support and uses those signal to invest from its treasury. the goal is having something we wish we had: one-click exposure to the best and brightest building in the farcaster ecosystem today we're dropping governance token through @clanker. think of holders as our board: they call the shots: change the rules or pull the plug. Goal is ultimately full agent autonomy. this is an experiment in agent-led capital. risky, uncharted, and hazardous. I'm determined to make this a resounding win for Farcaster and the people supporting us! fair’s in the air

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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.

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who's building grok for farcaster? hmu, would love to help make it happen @proxystudio.eth @callusfbi

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

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

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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.

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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.

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The question of whether this construction would be considered more secure than today's L1s is more nuanced given the nascence of these technologies, but I think over time stage 2 L2s will be considered more secure than most L1s.

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Security: Validity of L2's state transitions will be ensured by fraud/zk proofs, reorg resistance by building on previous commits, eventual censorship resistance by escape hatch, DA through EigenDA or Ethereum, and ledger growth by building a sequencer replacement protocol.

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The data throughput of EigenDA grows linearly with the number of validators. EigenDA today could support a >500,000 TPS L2 (assuming 100MB/s throughput and the avg consumption of 200B/tx).

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The issue with L1s that the more validators you add, the higher the cost per tx and the lower the tx throughput of the network you get. However, EigenDA works the opposite! The more validators you add, the higher the total tx throughput and the lower the cost per tx for L2s.

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