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🚨 ZKsync Ignite Cancellation: What’s Next? 🚨
The DeFi Steering Committee (DSC) has decided to discontinue the @ZKsyncIgnite program and will not proceed with Season 2.
forum.zknation.io/t/zksync-ignit…
But before looking ahead, let’s recap what’s been achieved. 🧵👇
As a founder of @zksync, I'm all in for scaling Ethereum L1 and figuring out interop between every chain.
I'm bearish based rollups for a different reason: it's an overly complicated Rube Goldberg Machine.
What I mean: all based rollups are essentially a single sequencer that concatenates n chains together; but instead of doing it directly like a simple high-performance chain, it has to deal with political coordination and management of intricate security interdependencies of a dozen of teams. I can elaborate on the technical details if needed.
If we want to scale L1 and directly compete with Solana, let's do it by directly improving the performance of Ethereum clients. Personally, I think that in this case we will fail, because the other camp is much more willing to sacrifice decentralization for higher throughput and lower latency. ETH's strength is in its cypherpunk roots: security, unstoppability and censorship-resistance, that make it the best settlement layer in the world.
If we want elastic, infinitely scalable network of sovereign rollups on Ethereum that can all talk to each other trustlessly, let's enshrine a rollup cluster archtitecture (i.e. shared bridge) directly into L1. It doesn't need to be Superchain or the Elastic Network. Happy to cooperate on this.
If we want the price of ETH to go up, we should stop trying to clinge to the once high, MEV-driven fees. It's just too late, there is no going back. The incentive to control the MEV of a rollup is too high for any OG social pressure to stop people from doing this.
All these attempts to revive ETH's position as a capital asset inevitable lead smart money to analyze chain revenues, and they won't look good compared to the pre-rollup world. It's the reason for ETH/BTC ratio to be where it is.
Instead, we should focus on the fact that ETH is the BTC of the emerging Internet of Value built on Ethereum. There is literally no second best in this economy that can serve as trustless Defi collateral and Store of Value.
I'm saying all of this as an ETH maxi, and my incentives are perfectly aligned. Go check it yourself: all L2 tokens, including ZK and OP, are firmly glued to the price of ETH, with minimal variation.
Help The Idols NFT community recover ~2704 stETH locked in its treasury! The community is asking @LidoFinance for support after an exploit drained stETH rewards. $LDO holders who vote YES can receive a 20% bounty of the recovered funds.
research.lido.fi/t/request-for-…#stETH#Lido#LDO
On the third day of Syncmas my ZK gave to me… Veggies and Hues!
Drop your ZKsync Era address in the comments below for a chance to win a @zkVeggies or @hue_nfts collectible.
Winners will be randomly selected on December 31st.
today at the passport control in JFK airport:
— reason to visit?
i live here. i come with a O1 visa.
— what do you do for living?
i work in software
*proceeds to ask me about programming languages to pass the test*
i swear to god this is real. felt more nervous than in any job interview before.
@BowTiedGolem@frogmonkee@sobnfts The server admin basically confirmed the project is a rug, such a shame. I guess there is nothing you guys can do right?
@Baardjaap@frogmonkee@sobnfts I'm not sure, I haven't talked with them in a little bit, I'll reach out to them this week to see what's up
last I chatted they were building a lot of cool stuff so it's possible there were tech delays as often happens
@frogmonkee@BowTiedGolem Any idea whats going on with @sobnfts ? Team has been absent from discord for weeks now, zkfest came and went without them participating. Is their anyway to disclose the wallet address with wich they claimed their 800k+ $ZK airdrop?
@BowTiedGolem@frogmonkee@sobnfts I hope you can get in contact with them, people have been trying and trying for weeks now on discord, but to no avail. Would be a shame if they rugged...