Anatoly Yakovenko pfp

Anatoly Yakovenko

@toly

60 Following
4752 Followers
ted (not lasso) pfp
ted (not lasso)
@ted
now @nikitabier and @toly mostly on the new Solana mobile launch (coming this fall): “one of the biggest challenges in crypto is how do you get them to spend money, and if you have to get them switch to a wallet and do all this other. until the UX is as good as Apple Pay, there’s no way we can get crypto fully adopted.” — Toly “as a mobile dev, your biggest existential risk is the app store. solana mobile is a huge opportunity for that, there’s also way to do passive micro transactions. we all know spam is taking over social right now, and if you can do seamless transactions to stop LLM bots then that’ll be huge*. it’s an experience not even possible on iOS or Android.” - Nikita *idk if i agree with this given what we’ve seen here “i don’t think founders actually think about timing. i wasn’t like this is the right time for the market. i had this drive and fire to create something that i think the world needs, and then it’s up to the gods.” - Toly
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ted (not lasso) pfp
ted (not lasso)
@ted
more gems from @toly and @nikitabier “in terms of virality and crypto, i see tokens going viral but not content yet. for viral, 15% of users share content or users share 4 invites. but with believe app, minting the token is like a tweet and that’s driven a viral flywheel for them.” - Nikita “my thoughts on memecoins ie Keynesian beauty contest. you’re trying to bet on what you think will go viral and what everyone else thinks will go viral, but how do you do that when you can launch 50k tokens a day with many of them spam? the content that’s attached to them is much less important than the curation that goes into it. content best suited is probably streaming where there’s a personality people can get behind and build a relationship with; a six second video isn’t going to do that.” - Toly “no one has cracked creator tokens yet. one of my skepticisms is products that try to tokenize every piece of content or token per post. i agree streaming can be a great content experience” - Nikita
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
Solana 🤝 Farcaster
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sns.sol
@snsdotsol
.@farcaster just hit Solana & guess who came through heavy? Yes, SNS as the primary sponsor! $10K in SOL. 10K users. Already sent. Check your in-app notifs. You’re not early… you’re in
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Goldy
@goldytalks
breaking: I will be speaking about tokenized attention markets this week at Solana ACCELERATE conference this week in NYC
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
Venmo, buy it’s just hard to succeed with payments.
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
2-delta (1 round) next gen consensus with proofs this time. Pour one out for proof of history 😢🫡🍾 https://x.com/anza_xyz/status/1924491939040133515?s=46
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
That’s great! That’s why reliability is also a focus. Solana had 100% uptime for over a year. Market share is path dependent. The users paying solana, aka the riders, cared more about low fees and isolated hotspots. Listening to those users is why solana was able to grow and hit pmf.
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
No, 🤦‍♂️
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
If they cause other usecases to spike in fees, then yes. It’s a p0 partial failure bug for engineers to fix.
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
There is no solution to the database hotspot problem besides isolation. Can’t fight physics 🤷‍♂️
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
Isolated to just DeFi markets that are part of the liquidity serving those users. It’s a hotspot. There is no solution to the hotspot problem besides isolation. It’s bound by physics. It’s a set of bytes that represent those markets need a single write lock, so all the requests are linearized over that write lock. Moving it to an L2 just moves the hotspot. Breaking it up into two markets induces cross communication and if they can’t be locked at the same time the prices diverge.
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
If it’s not isolated, and causes fees for other usecases to spike, like a p2p transfer, the engineers treat it as a partial outage and have a p0 bug to fix asap.
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
Yes. Those fees are inescapable. It’s an actual hotspot. Moving that market to L2s or zkps can’t reduce fees because there is demand for that specific piece of state that cannot be parallelized.
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
We are at 800m accounts, and the software has been simulated to 15 billion. So there is headroom. But long term design requires some dynamic pricing. https://x.com/aeyakovenko/status/1796569211273445619
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
I just explained what I meant in more detail. 🤷‍♂️ https://warpcast.com/toly/0x40868815
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
No, account creation fees are a fixed static cost. It’s not a dynamic property. Other users spiked the fees so everyone else couldn’t transact at an expected price, that would be a denial of service, a defacto liveness failure, even if the chain is still making blocks. What’s the expected price 🤷‍♂️ it’s subjective. 30x+ variability isn’t advertised by ethereum L1 or L2s as a feature. So to reasonable people they are still dogshit unreliable at providing a service. https://x.com/0x_Osprey/status/1917627183524372486
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
https://twitter.com/vitalikbuterin/status/981090555697405952?s=61&t=dFLw-Vi1TCLJTm-2VCRmOw
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
If enough users think that state rent deposits are dumb that it blocks great devs from building great apps, we have to fix it or lose market share.
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Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
There is a ton of content out there. The docs on helius are pretty good.
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