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knwang
@knwang
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intention is all you need // building @khalani_network // cofounder @nervosnetwork // dm open
United States
Joined June 2008
Welcome to the post-blockchain era, and the off-chain frontier where Intents are the new transactions Proofs are the new calldata Credible accounts are the new smart accounts Commitments are the new liquidity pools Auctions are the new bonding curves Solvers are the new sequencers Commitment devices are the new blockchains Generation composability is the new interoperability Propagating lightening fast over peer to peer networks Scaling to infinite peer to peer markets Settling with peer to peer electronic cash
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@MuratLite @apriori0x how could you democratize mev by just adding a (ERC20?) token to mev-boost ? probably I didn’t understand your premise
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@MuratLite @apriori0x each relay is a centralized auction - so yes you can have many centralized auctions; if you want to have decentralized relays/auctioneers you need a chain
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@MuratLite @apriori0x if the goal is to democratize mev, it would imply any relay can plug in, and there’ll be concurrent auctions… and you’ll need a chain
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@MuratLite @apriori0x a MEV-boost with a native token is a L1 - isn’t it a narrative violation
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@mechanikalk @socrates1024 impose verifiable constraints over the outcome, not the outcome itself or the computation that derive the outcome.
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@shresth3103 I see it as pushing all blocking logic (state resolution etc) to the app level; on the infra it's strictly blockless and p2p. we'll have something similar, also pub/sub based.
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The future is not 1 million chains. It’s peer to peer verifiable compute running directly on peer to peer networks. This architecture, once materialized, will make most chains obsolete, other than the ones built to maximize decentralization and long term store of value. The post blockchain era is not too far away.
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L1 native asset issuing mechanism is probably the area that has seen the least amount of innovation. most PoS networks run like a central bank running permanent reverse repos at more or less the same rate, regardless of ecosystem liquidity positions. we get the worst of both worlds: - monetary inflation that doesn't increase liquidity or lower the capital cost - sucks up huge amount of liquidity that doesn't contribute to productive economy as a result: - perpetual hyperinflation: assets pricing skyrocketing, denominated in the native currency (e.g. USD price in a perpetual pump, in other world the base currency debasement leading to native token price keeps dropping in USD) - perpetual liquidity crunch: liquidity cost in the native currency driven up by risk free rate of staking why does everyone just follow this crazy playbook?
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@MikeIppolito_ this is essentially central bank subsidizing municipalities issuing bonds in its own currency with new money creation. I've been working on a thesis on this as well.
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