Episode Details

EthCC Campside Chat: Protocols, Ecosystems, Community & Tokens | Vitalik Buterin & Christopher Goes
7/16/2024
Bell Curve β†—

Key Insights

Bullish:

  • 🟒 $ETH - Discussing the potential of Ethereum's future developments, user experience, and mainstream adoption.
    • β€œI think, basically, the way that I see it is like, you know, the monkey and the celebrity photos are going to be traded regardless of whether fees are $2 or $20 and regardless of whether finality happens in 2 milliseconds or 20 hours. But a lot of the more, like, use cases that we actually care about, like, that really does depend on having a reasonably competitive level of things like fees and user experience.” - Vitalik (0:00)
    • β€œI think it's definitely nice that there is experimentation with those kinds of ideas. I mean, I think the big thing to solve for in that case is, like, basically, like, how to make that stuff not be a political shit show.” - Vitalik (0:00)
    • β€œI mean, I think, ultimately, you know, the final determinant of this is going to be what the technology gets used for. So if we actually do get either to the point of mainstream or to the point of being like a Linux level credible alternative to the mainstream... then to me that's a success.” - Vitalik (0:00)
    • β€œI think the best shot that we have is to make 51% attack recovery something that's as automated as possible.” - Vitalik (0:00)
    • β€œI think, like, actually having that integrated as a, like, a default thing across wallets, and also getting to the point where, like, fast cross L2 transfers, which realistically requires liquidity forwarding, are kind of like this ecosystem wide public service that exists without dependency on, you know, specific intermediary actors.” - Vitalik (0:00)
    • β€œI think it's good that inclusion lists are being highly valued, and I think it's good that, like, even some of these, you know, like, multi parallel, multi proposal ideas that might even obviate the need for inclusion unless something like that gets adopted are being, considered.” - Vitalik (0:00)
    • β€œI think, basically, regardless of whether we take the, kind of minimalist L1 path or, like, a somewhat moderate L1 path, I think, like, actually, taking this, like, very sophisticated approach and asking, like, what does it really mean to have a maximally robust base layer? And, like, actually trying to do that.” - Vitalik (0:00)πŸ”’
    • β€œI think the closest we have this cycle to, like, a legit application that's attracting mainstream interest, I mean, it might quite possibly be Poly Market, and that's, you know, it's on Polygon. Right? So, big success of L2s right there.” - Vitalik (0:00)πŸ”’

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