Sooraj

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Sooraj

Sooraj

@soorajs

The Thesis Guy⏐Doctor turned Crypto Content Strategist with opinions on low level distributed systems 😬⏐ Crypto class of '18

Just The Metrics 👉 Katılım Mart 2017
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Sooraj
Sooraj@soorajs·
.@SuiNetwork has a massive headstart and the most flexible architecture for the post-quantum and AI era. This conversation with @kostascrypto tells you exactly why, and what every other chain still has to figure out. If you hold anything onchain, watch this pod. Timestamps: 0:00 Intro 6:00 What a quantum computer actually is (the 10-year-old version) 10:00 Quantum will be used for trading before it ever breaks Bitcoin? 13:00 Post-quantum algorithms (solved) vs hardware (decades out) 17:00 "If you think quantum breaks crypto by 2030, you can make free money" 19:00 Everyone missed this: AI is now researching quantum alongside humans 25:00 The post-quantum-algorithm debate: Falcon, Dilithium, Sphincs and why each chain picks differently 27:00 Why Bitcoin will ONLY adopt hash-based post-quantum algorithms 31:00 This is why Sui's architecture wins: 128KB transactions, native multi-sig, flexible authenticator 36:00 How Sui can natively support any signature scheme 40:00 The Sui-only algorithm: protect existing EdDSA addresses without moving a coin 44:00 Design philosophy: what Sui kept from Libra, and what it threw out 47:00 Why Sui can keep gas low even with post-quantum signatures 49:00 How Kostas first started working on this in 2016 at R3 Corda 51:00 Attending tech conference one day after his son was born: meeting @b1ackd0g , joining Libra 55:00 The bigger near-term threat: AI-aided attacks, not quantum 58:00 Why Mysten Labs is now sharing its security tooling with the community 1:02:00 Sui's $100K post-quantum bounty: break it, keep it
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Vivek Sen
Vivek Sen@Vivek4real_·
PALANTIR CTO: “FOR $10 BILLION, ELON MUSK PUT 300 ROCKETS IN ORBIT.” “FOR $11 BILLION, THE STATE OF CALIFORNIA HAS BUILT 1,600 FEET OF ELEVATED RAIL... WITH NO RAIL.”
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Silverhard
Silverhard@Silverhard_·
Privacy on finance shouldn't be a big deal! Cash was private, banks watched us, blockchain exposed everything. To address this issue, we need confidential transfers and that's where @SuiNetwork comes in. Here's what you need to know 👇(ft @EmanAbio)
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Sooraj
Sooraj@soorajs·
@Stark_of_Zenon Sequential execution, 256-bit words, the trie, the asset model etc. etc. etc. You dont have to take my word for it, ethereum's roadmap is the confession.
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Sooraj
Sooraj@soorajs·
I am fundamentally bearish on the EVM, regardless of whatever tricks and hacks they use to patch a system that is fundamentally broken. That is one of the reasons I believe Monad will fail like most other EVM copies. The entire project is still built around preserving compatibility with an architecture that was never designed for where this industry is going. It is a dead end.
Adeniyi.sui@EmanAbio

we were once told to copy the EVM and move faster but we chose to start from 1st principles because the right foundation makes everything after it easier it lets you ship privacy, free payments and new financial primitives faster because you are not constantly fighting outdated architecture shortcuts save time at the beginning and take it back with interest later

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Sooraj
Sooraj@soorajs·
At any given moment, there are only a few new assets that command the majority of trading volume & interest onchain. These tend to come and go pretty rapidly. Sui users should always be able to trade those new assets on Sui the instant they make themselves known, regardless of where on earth they exist. It has nothing to do with “supporting a memecoin.” It’s about getting users what they want and keeping their assets at home. @aslan_web3 pls make this happen
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Sooraj
Sooraj@soorajs·
@DBCrypt0 tbh i miss aftermath. It was the opposite of everything you just said. i hope it comes back
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DBCrypto
DBCrypto@DBCrypt0·
The same lighter that runs all txs off chain, counts all orders placed and cancelled as txs AND volume, has zero cost for said placed/cancelled orders allowing a bot to spam millions a day to fake txs and volume, all while being damn near impossible to verify due to zk proofs? That lighter? 😂 These Ethereum maxis are insufferable
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Sooraj
Sooraj@soorajs·
“ethereum is capturing a serious share of the perp market through lighter L2 ” 💀
hantengri@hantengri

there are 4 core narratives in crypto right now: -perps -stablecoins -prediction markets -tokenized equities - ethereum is capturing a serious share of the perp market through lighter L2 and that share looks set to grow - ethereum mainnet currently holds 50% of all stablecoins - when it comes to prediction markets, there isn't a single chain that can even compete with ethereum right now (polygon = evm = ethereum) (thank you for your attention to this matter) - on tokenized equities it's clear that ethereum will be the leader through robinhood L2. especially when you consider that 99.69% of tokenized stock volume on solana is wash volume on top of all this, memecoins which will genuinely onboard retail that has never touched crypto are organically starting to run on robinhood l2 if you aren’t bullish on ethereum:native while it literally holds every single major narrative in its hands, you are strictly choosing to stay poor $10,000

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Stark
Stark@Stark_of_Zenon·
@soorajs Interesting. 🤔 What do you mean by EVM being "broken"?
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Sooraj
Sooraj@soorajs·
eth is at ~15% of dex volume. solana did $117b vs eth's $52b in january. hyperliquid owns 60-70% of onchain perps (closed source.). the only metric near your range is tvl at ~53%, which is parked capital, not volume, and its down from 63% last year. and SC dominance is also down to 60%. all of these metrics are only gonna go down even more.
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JADE
JADE@0x__jade·
@soorajs Eth still has 60 to 80% of all crypto volume btw
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Sooraj
Sooraj@soorajs·
@DBCrypt0 i think we're on the same page on this for years i guess :D
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Sooraj
Sooraj@soorajs·
i agree. solana is nailing the dev eco game and sf & ml could take some leaves out of that book. theres a real culture difference between these orgs tho and that wont change overnight but also, zoom out, the best devs arent leaving sui for solana, they are leaving crypto for ai. every chain loses that fight untill someone can point at a unicorn built on this stack. we are not there yet, on any chain which is why i read ml's focus differently. everything they are shipping this year is core infra and financial primitves.. free txns, confidential txns, hashi etc. thats not a team optimizing to farm thousand devs building the 400th launchpad. i think thats a team building rails for a big onboarding event that actualy moves the needle, especially on the payments side
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Cobba
Cobba@Crypto_Cobba·
@soorajs Lot of the best Sui devs outside of ML are leaving for greener pastures. The ones still around are also looking outside. I agree the EVM is ugly as fuck. Sui has an issue with developer culture though, feels like Sui is betting heavily on web2 Devs coming in. Will it really work?
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Just Jeff
Just Jeff@japarjam·
@soorajs You know what nvm. Nice YT channel. I see what it’s about now. 🩴
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Sooraj
Sooraj@soorajs·
Bruh wdym the entire project exists on one pitch "make the EVM faster and parallelizable." every architectural decision is a response to evm constraints. you do not rebuild the database, the consensus, and the execution engine around a component that is "very small." the evm is not a small part of Monad. it is the reason monad exists
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Just Jeff
Just Jeff@japarjam·
@soorajs Not sure you have looked closely enough at the architecture if this is your take. The part that is EVM is very small.
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BL
BL@_smbrian·
I think the "Sui doesn't have enough liquidity so it's not a good place to build" narrative is dumb. There's a whole class of unicorn-potential products that don't require "liquidity" to be sitting onchain. Basically anything in consumer (Spotify, Netflix, YouTube, etc.) don't need existing liquidity or users. All that's needed is a decent stablecoin and an onramp. Ironically if someone is able to build the next Spotify-scale platform on Sui, TVL is going to go to the moon and Sui DeFi will experience a renaissance.
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Keşfet

@SuiNetwork @EmanAbio @Silverhard_ @Stark_of_Zenon @aslan_web3 @DBCrypt0 @_thedarkrealm @elonmusk