Green and purple are leading and they already have too much of the pie, purple is also royalty, but we should eat the rich, so you should actually join red or blue instead!

Many know client diversity is important for a more resilient network, but they don’t understand why or just how essential it is. It’s not only important — it’s critical. If a single client is used by 2/3rds (66%) of validators, there’s a very real risk this can result in disrupting the chain and monetary loss for node operators.

It takes 2/3rds of validators to reach finality. If a client with 66%+ of marketshare has a bug and forks to its own chain, it’ll be capable of finalizing. Once the fork finalizes, the validators cannot return to the real chain without being slashed. If 66% of the chain gets slashed simultaneously, the penalty is the whole 32 ETH.

So why is >33% marketshare still undesirable? If a client with >33% marketshare forks, it will prevent the chain from finalizing. That’s why <33% marketshare is the goal for all clients.

Execution clients are not immune. The risks mentioned above apply to both consensus clients and execution clients equally.

You can further explore these topics here in case you are interested: https://clientdiversity.org/

D’accord et toutes mes excuses

Did they have too many quotable anti-fascist moments?

Does anyone know if there are any teams working on PBAC (Policy-Based Access Control) or RBAC (Role-Based Access Control) as questioned by the post from u/LogrisTheBard below?:

Social recovery wallets and timelocks: wallets that don’t make you lose all your money if you misplace your seedphrase, or if an online or offline attacker extracts your seedphrase, and also don’t make all your money backdoored by Google.

I’d really like to see a competent execution of policy based smart contract wallets. So not just timelocks but different signature thresholds for extracting larger sums of money, different roles for signers that are expected to do different things or interact with different applications, and governance extensibility through administration wallets that may not be part of the admin controls of the managed smart contracts. In addition to doing this on chain I’d like to see this implemented at the wallet level so my wallet can detect and reject malicious transactions before it has a chance of being signed.

Last year BitWise lost over $1B in ETH because they didn’t have something as simple as an ATM withdrawal limit on the cold wallet.

Privacy UX: make private payments from your wallet, with the same user experience as making public payments.

Is this using the FHE (Fully Homomorphic Encryption) /Zama route or the Aztec/Railgun route to privacy? I think we need a clearer explainer of how privacy is achieved on chain with some of the different approaches being developed and the tradeoffs of those approaches.

Application UIs: use more dapps from an onchain UI with IPFS, without relying on trusted servers that would lock you our of practical recovery of your assets if they went offline, and would give you a hijacked UI that steals your funds if they get hacked for even a millisecond.

Get this built into the Rabby wallet browser. Also get an ERC standard where a smart contract can refer to an IPFS url where users should go to interact with it.

Echoing another relevant comment shared by u/LogrisTheBard :

I recently watched “A post-American, enshittification-resistant internet” by Cory Doctorow. He’s an EFF activist and has been fighting for our rights for like 20 something years.

So much of this talk is on sovereignty. Whether it’s national sovereignty such as national defense, corporate sovereignty such as jailbreaking devices, or personal sovereignty such as right to repair electronics he comes across as passionate about creating more resilient, economical, and equitable societal outcomes. So much of the ethos of web3 is present in his philosophy but the only reference to cryptocurrency in the whole talk was “stocks, shitcoins, and casinos but I repeat myself”.

There were points where I just wanted to scream at the screen that we can help with that. By virtues, this guy should be ally of ours but he’s probably only ever been exposed to the scammers that swarm the periphery of our ecosystem which is all too common a situation. We seriously needed something like Etherealize 4 years sooner, to treat public perception of Ethereum as more of a public good and less as the full time job of people like Sassal or Hoffman.

I’m talking to DeAI founders regularly and the common message is to lean into words like control, ownership, and resilience more and to avoid the word blockchain entirely. It’s really a sad state of affairs that we can utilize blockchain solutions to improve things like resilience but we can’t openly talk about utilizing blockchain solutions in any business or customer interaction. Anything web3 has to be abstracted as much as possible away behind a web2 interface before it can become palatable.

Neobanks this year will be offering Defi access through web2 frontends while avoiding any mention of blockchain as hard as they can. They’ll use terms like “fully regulatory compliant backend financial systems” because if you say Ethereum almost the best thing that will happen is people won’t have heard of it. DeAI systems will be using terms like “proof of control” to market even when that proof is using mechanisms like tokenization for model ownership.

It’s frustrating.

The narrative against Ethereum was that it had high fees and no one could use it, but now gas fees have been low and cheaper transactions can be made again

I think we could use a combination of zero knowledge proofs (zkp), fully homomorphic encryption (FHE), trusted execution environment (TEE) if done very carefully, and/or secure multi-party computation (MPC)

I’m probably forgetting other techniques that could be used to keep inputs, outputs and computation privacy preserving while still being unable to abuse it or deanonymize the dataset

Unfortunately cattle farmers have a very strong lobby on their economy and I wouldn’t be surprised if they get what they want permanently.