Episode Details

The Realignment With Max Resnick
7/21/2024
The Gwart Show | Bitcoin Tech & Culture β†—

Key Insights

Bullish:

  • 🟒 $ETH - Discussing the potential improvements and future developments in Ethereum, focusing on shorter block times, reduced extraction, and overall system enhancements.
    • β€œI think the first thing that's very likely to go in is shorter block times.” - Max (0:00)
    • β€œSo I think 2 seconds would be a great start. We could probably get it down to one second.” - Max (0:00)
    • β€œI think we should optimize for, like, make that as good as possible, make that as as little extraction as possible. And when you do that, you get you're gonna grow the pie.” - Max (0:00)
    • β€œWe're gonna build a fair system that is not extractive, and that is gonna be the differentiator on Ethereum.” - Max (0:00)
    • β€œWe're gonna basically make the validator a very limited role and one that does not have a ton of power in the system by making them all compete with each other.” - Max (0:00)
    • β€œI think the thing is, like, we didn't realize that the marginal transaction, additional transaction for Ethereum isn't worth that much.” - Max (0:00)
    • β€œI think we have clarity that what we're gonna do is build a system where not only are people nice so they don't extract, but they cannot extract significant value from the users.” - Max (0:00)πŸ”’
    • β€œWe're gonna have better clarity and better ideas. Diaz. And we're gonna announce on ETH research exactly what you're gonna do, what what we're gonna do.” - Max (0:00)πŸ”’
    • β€œI think we might see trading real coins. We might see see trading, you know, euro dollar on chain if we could make something that's you know, that's the your dollar is the final boss.” - Max (0:00)πŸ”’
    • β€œI think we should do it regardless of whether people agree with me on multi proposer.” - Max (0:00)πŸ”’
    • β€œI think now at this point, it's on us, the people who are for multi proposer to deliver a substantive spec of what this would look like and improve all the properties that we claim it has.” - Max (0:00)πŸ”’
    • β€œI think we have the people who ultimately we have the best people, honestly.” - Max (0:00)πŸ”’
    • β€œI think we should start making incremental progress. Otherwise, we just view it as this, like, huge lift of the whole increase in speed. We're never gonna make progress.” - Max (0:00)πŸ”’
    • β€œI think 2 seconds is, like, a very reasonable call.” - Max (0:00)πŸ”’

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