Ethereum’s “Too Big To Fail” Time Bomb | Roundup
Bell Curve
Shownotes Transcript
In today's episode, we discuss Vitalik's new article and if L2s/restaking will lead to Ethereum's "too big to fail" moment. We also explore the similarities of AI and crypto, Paradigm's pivot, why large funding rounds kill optionality, if the fork rule is determined by apps vs the L1 and if a protocol should ever be ossified!
Timestamps:
(00:00) Introduction
(01:08) AI Takeover: Nvidia, Regulation and Paradigm’s Pivot
(18:12) Large Funding Rounds Remove Optionality
(31:05) Don’t Overload Ethereum’s Consensus
(41:57) EigenLayer’s Mechanics and Risks
(56:22) Apps vs L1s: Who Chooses the Canonical Chain?
(58:51) Protocol Ossification
(1:08:20) Companies That Issue Tokens and Equity
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Resources:
Vitalik's new article on restaking
https://vitalik.ca/general/2023/05/21/dont_overload.html)
Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.