1/20 I spoke at the Protocol Symposium on "The Political Economy of Protocols" https://youtu.be/fqawzyiWXlc Core claim: a protocol can't be separated from the contestable institutions, labor, funding, and legitimacy that shape it. thread on framework + case studies 🧵 2/20 Protocols generate orders of magnitude more value than they capture. Open source would cost ~$4B to recreate, yet generates ~$9T downstream (Hoffmann, Nagle, Zhou). The commons still needs governance, labor, and funding. Who governs those flows, and the protocol?
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Ethereum Client History diagram 👀 very impressed with opus 5.5! still takes a lot of iterating to meet my specific preferences, but this is the first model i've been able to use like this did i miss any clients/ any errors?
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my @paragraph account looks broken so sorry i can't share this latest post there for anyone who doesn't use twitter. ------------------------------------------------- "Why should Ethereum not subsidize unbounded stake growth? I only hear the monetary premium argument" I've seen a number of people asking this, so here's my take: Bounding stake growth maintains the deterrence effects and credibility of slashing penalties https://x.com/trent_vanepps/status/2088290480018587816
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