Joseph Lubin
@ethereumJoseph
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Co-founder of @ethereum | Founder of @Consensys | Chairman of @ConsensysMesh. Building the decentralized Web3 on #Ethereum.
Earth
Joined February 2014
Today, Consensys took an important step towards preserving access to ether and by extension the Ethereum blockchain in the U.S. We are suing the SEC and fighting back against its overzealous regulatory overreach. You can find more of my thoughts here: #EthforAll
Today, Consensys filed a lawsuit against the Securities and Exchange Commission. The goal behind this is to ensure that Ethereum remains a vibrant and indispensable blockchain platform and to preserve access for the countless developers, market participants, and institutions who have a stake in the world’s second largest blockchain. #ETHforAll 1/6
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@GrennHouseGas @Kazuya_888 @VitalikButerin @owocki @ameensol As I understand it he has been working on getting more people with various capabilities to help lead and drive the EF.
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People keep shitting on V and perhaps eventually he gets frustrated and provocatively and ironically lashes out with a preposterous statement -- which is consistent with his sense of humor and attention to the absurd. Note that his mom and dad escaped communist Russia with him when he was a child. And his dad, Dima, fully trusts V's judgement. Perhaps he needs better TwiXer emotional control or a better mental model of how TwiXer will react to his tweeXs. We all do. But the guy has been carrying the world on his shoulders for years with virtually no complaints while legions of selfish assholes and bots attack him incessantly. Yet he shows up to work every single day to selflessly and with great integrity further the vision of and mission toward a much more decentralized world. Another hypothesis is that V will soon write one or more blog posts defining capitalism and communism and other isms. I personally believe we are currently ushering in a new era that I think of as collective capitalism. It is indeed time to make capitalism great for the first time, as we have never really experienced capitalism on planet Earth. Decentralization can bring forth a much purer form of capitalism. FWIW, Vitalik has already indicated that the EF has been working for some time on making changes. I expect they will be announced when ready. Expecting or demanding immediate changes is just not reasonable for these kind of actions.
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So excited to see Aave V3 supercharged by zkEVM on Linea. Fast and low cost, FTW. Congrats to the Aave and Linea teams.
Aave V3 is now live on @LineaBuild mainnet, an Ethereum-equivalent zkEVM rollup. Linea’s zk-based technology enables users to supply and borrow with fast, low-fee transactions.
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@The_As_Usual_1 @hotpot_dao @marcomonaco83 @LineaBuild Working with research colleagues on ways we can increase farming yield.
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Massive milestone achieved by the Linea team. Prover completeness represents another signpost in the rearview mirror, as the Linea Technology and the Linea Ecosystem keep rolling down the road of toward highest performance and progressive decentralization.
Prover completeness has been achieved internally! Work on the zkEVM started in July 2021, with the first publication shared December 2021 --> Congrats to @zk_evm and the Linea arithmetization team. This handwritten zkEVM is a piece of art that will help scale Ethereum for decades to come. This will be rolling out to testnet and mainnet in the coming weeks. In the meantime, we will focus on wrapping up the remaining constraints for Pectra EVM release in Q2.
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@EVMaverick392 @intern Why do bank robbers rob banks -- or used to? The (unjustified) FUD toward the Ethereum ecosystem is currently most pronounced.
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I, many of my Consensys colleagues, @brian_armstrong and many of his Coinbase colleagues and many others have been active in DC over the past couple/few years (huge h/t to @coinbase , @BlockchainAssn, the Fairshake PAC, and many others who showed up and contributed in many different ways). And of course we have relationships and discussions with TradFi. Some are already very active --- mostly focussed on Ethereum. Others are peeling off their regulatory straightjackets and reorienting themselves, starting to feel like they are not in Stockholm anymore.
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@quackchillin Solana is good and fun tech. Sounds very similar that what is going on on the many large and small ponds of Metropolitan Ethereum. Quack.
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For privacy we will have conventional cryptography, homomorphic encryption, ZK proof systems, various kinds of mixer technology, operating through smart Personal AI agents, swarms of AI agents and solver networks, and operating in our own secure vaults which can eventually be on our own personal Layer 5? chains. Eventually privacy and confidentiality will be configurable and some trade offs will be speed and cost. Applications requiring rigorous privacy and confidentiality will choose networks like that of @aztecnetwork Protocol. We will collectively have to figure out the regulatory part. I expect we will be able to work with regulators in the US that grow increasingly open minded to on-chain, real-time regulatory protocol systems that enforce reasonable rules and standards via smart contracts rather than regulating the old way, via post facto expensive forensics and often capricious enforcement and subjective punishment.
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We must heavily innovate in all aspects of Metropolitan Ethereum, including Layer 1 as well as higher layer rollup tech. We are about to swing back into a period of heavy attention to massively beefing up the transaction throughput of Layer 1. I believe this will be assisted by rollup tech teams and accompanied by explicit (re-)commitment to alignment with the best interests of Layer 1 Ethereum by these teams. We will all be rooting for and living in Metropolitan Ethereum.
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We must heavily innovate in all aspects of Metropolitan Ethereum, including Layer 1 as well as higher layer rollup tech. We are about to swing back into a period of heavy attention to massively beefing up the transaction throughput of Layer 1. I believe this will be assisted by rollup tech teams and accompanied by explicit (re-)commitment to alignment with the best interests of Layer 1 Ethereum by these teams. We will all be rooting for and living in Metropolitan Ethereum.
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Metropolitan Ethereum is Ethereum Layer 1 plus the Layer 2s and higher layers that derive security from Layer 1. Extended Metropolitan Ethereum will be the hundreds of thousands or millions of chains and app chains that use Metropolitan Ethereum for something significant. All roads will run to and through Ethereum.
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