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NickSzabo4's profile
Nick Szabo 🔑
Nick Szabo 🔑
Nick Szabo  🔑
@NickSzabo4

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Nick Szabo  🔑

@NickSzabo4

Blockchain, cryptocurrency, and smart contracts pioneer. (RT/Fav/Follow does not imply endorsement). Blog: http://unenumerated.blogspot.com 

Joined June 2014

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    1. Lane Rettig‏ @lrettig 30 Nov 2018
      • Report Tweet

      This was the first call that was intentionally run under the Chatham House rule. No recording, no livestreaming, and we will publish unattributed notes shortly. On balance I always want more transparency but several ppl on the call said they felt freer to speak candidly.

      2 replies 1 retweet 32 likes
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    2. Lane Rettig‏ @lrettig 30 Nov 2018
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      We should stop suggesting that Eth 1.x is a monolithic roadmap, which it is not, and each proposal should be evaluated independently: state pruning, Ewasm, storage rent. We need to kill the narrative that "there is a massive Ethereum upgrade coming in June."

      2 replies 7 retweets 41 likes
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    3. Lane Rettig‏ @lrettig 30 Nov 2018
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      Rather, these initiatives will each be phased (e.g. @realLedgerwatch's rent proposal has six phases) and, while the June target is somewhat arbitrary, we do want a sense of urgency. We will meet in January and discuss dates again at that point, but I'm all for deadlines.

      1 reply 0 retweets 17 likes
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    4. Lane Rettig‏ @lrettig 30 Nov 2018
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      We had *very* in-depth, productive dialog and debate about each proposal. Looking forward to sharing the notes shortly and dissecting and discussing them with the community on @EthMagicians forum.

      1 reply 0 retweets 14 likes
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    5. Lane Rettig‏ @lrettig 30 Nov 2018
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      There was an impassioned plea for us to save the network from unbounded state growth, especially in light of a likely ability to increase tx throughput by as much as 10x, which would cause it to explode and cause the network to shrink to a centralized core of nodes.

      1 reply 1 retweet 25 likes
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    6. Lane Rettig‏ @lrettig 30 Nov 2018
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      And one way to frame this is that, while rent is a stick that would have clear UX impacts, a ~10x increase in tx throughput is a carrot that's incredibly valuable, and is a tradeoff that the community may be willing to accept.

      1 reply 1 retweet 15 likes
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    7. Lane Rettig‏ @lrettig 30 Nov 2018
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      There are a *lot* of unsolved challenges around data availability, if we break the existing invariant (*not* specified in the yellow paper, however!) that all block headers, bodies, receipts, and logs are always available within the existing P2P network.

      1 reply 0 retweets 17 likes
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    8. Lane Rettig‏ @lrettig 30 Nov 2018
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      Finally, multiple folks brought up concerns about avoiding a technocratic decision-making process and ensuring that we have community buy-in before moving forward with any of of these proposals, esp. something as controversial as rent.

      3 replies 1 retweet 19 likes
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    9. Nick Szabo  🔑‏ @NickSzabo4 1 Dec 2018
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      Replying to @lrettig

      An abuse of the word "community". Ethereum users are far too diverse and unknown to the developers for anything resembling a community (a group of people regularly communicating with each other) and there's little you can learn about in what ways you do and do not have buy-in.

      3 replies 3 retweets 40 likes
    10. Nick Szabo  🔑‏ @NickSzabo4 1 Dec 2018
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      Replying to @NickSzabo4 @lrettig

      If you want Ethereum to be a true world computer it must scale socially, i.e. behave in a manner trustworthy to as many diverse users in diverse parts of globe as possible, not merely geographically (just a few dozen English-speaking mutual acquaintances in a handful of cities).

      5 replies 20 retweets 110 likes
      Nick Szabo  🔑‏ @NickSzabo4 1 Dec 2018
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      Replying to @NickSzabo4 @lrettig

      Each stakeholder who participates in the call decreases all other stakeholders' voices and thus community -- calls and other such communications are unscalable. The way to scale is to decrease the number of things you need to talk about -- decrease the argument surface.

      12:11 PM - 1 Dec 2018
      • 20 Retweets
      • 115 Likes
      • viarnes.eth Heather Holt paralleldown Steve Ellis Tobia De Angelis Georgios Konstantopoulos The L Sami Kivelä Cyborbit
      5 replies 20 retweets 115 likes
        1. New conversation
        2. Lane Rettig‏ @lrettig 2 Dec 2018
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          Replying to @NickSzabo4

          @NickSzabo4 I'm with you 100% on the goal of social scalability and reducing cognitive load/scaling trust but saying "calls don't scale" is easy; building Ethereum is not. Would love to hear ideas on how to coordinate development in a more decentralized fashion!

          5 replies 0 retweets 14 likes
        3. Nick Szabo  🔑‏ @NickSzabo4 2 Dec 2018
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          Replying to @lrettig

          Can shrink argument surface by strictly forbidding any hoped-for or future transaction reversals at chain level and by foregoing many hoped-for computational scalability and performance improvements in favor of architectural simplicity and stability. Take stuff off the table.

          3 replies 1 retweet 15 likes
        4. Nick Szabo  🔑‏ @NickSzabo4 2 Dec 2018
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          Replying to @NickSzabo4 @lrettig

          Also as another commenter suggested, move desired new features, and desired improvements in performance or computational scalability, out from the layer 1 chain code and into user smart contracts or layer 2 apps wherever feasible.

          1 reply 4 retweets 14 likes
        5. End of conversation
        1. murat‏ @mayfer 1 Dec 2018
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          Replying to @NickSzabo4 @lrettig

          This is quite profound! And also why I believe in multi-layer architectures. If social scalability can be achieved on a simple enough base layer, further technical scaling can be achieved on layer 2 and beyond.

          0 replies 0 retweets 5 likes
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        1. New conversation
        2. David Iach  🚀‏ @davidiach 1 Dec 2018
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          Replying to @NickSzabo4 @lrettig

          Shouldn't that be the case *after* we move to PoS and Sharding though?

          1 reply 0 retweets 0 likes
        3. David Iach  🚀‏ @davidiach 1 Dec 2018
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          Replying to @davidiach @NickSzabo4 @lrettig

          @VitalikButerin has written on this topic a few months ago: https://vitalik.ca/general/2018/08/26/layer_1.html …

          1 reply 0 retweets 4 likes
        4. StopAndDecrypt 𝓘 𝓢  🎃 𝓢 𝓟 𝓞 𝓞 𝓚 𝓨  🎃‏ @StopAndDecrypt 1 Dec 2018
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          Replying to @davidiach @NickSzabo4 and

          Better to start on the right foot than to set a point in the future and claim "we will begin doing things the right way when X happens".

          2 replies 0 retweets 5 likes
        5. StopAndDecrypt 𝓘 𝓢  🎃 𝓢 𝓟 𝓞 𝓞 𝓚 𝓨  🎃‏ @StopAndDecrypt 1 Dec 2018
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          Replying to @StopAndDecrypt @davidiach and

          Then there's the whole issue with Sharding and the shift in the balance of power with such a structural change. Not the best way to head towards decentralization if you ask me. "First we're going to get really centralized, then we will decentralize, trust us, you'll see."

          1 reply 0 retweets 1 like
        6. David Iach  🚀‏ @davidiach 1 Dec 2018
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          Replying to @StopAndDecrypt @NickSzabo4 and

          For Sharding to work don't you first need a really large network? You can't start with sharding from scratch (my opinion).

          1 reply 0 retweets 0 likes
        7. StopAndDecrypt 𝓘 𝓢  🎃 𝓢 𝓟 𝓞 𝓞 𝓚 𝓨  🎃‏ @StopAndDecrypt 1 Dec 2018
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          Replying to @davidiach @NickSzabo4 and

          Not that I'm any fan of EOS, but they needed 21 central validators and they found hundreds before they even launched. Not that I think hundreds is a good number to begin with, but certainly enough to begin with for the current sharding proposal.

          1 reply 0 retweets 0 likes
        8. David Iach  🚀‏ @davidiach 1 Dec 2018
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          Replying to @StopAndDecrypt @NickSzabo4 and

          They subsidize validators in EOS. That will happen with Ethereum as well with PoS, we'll likely end up with more than 100k validators around the world.

          1 reply 0 retweets 0 likes
        9. StopAndDecrypt 𝓘 𝓢  🎃 𝓢 𝓟 𝓞 𝓞 𝓚 𝓨  🎃‏ @StopAndDecrypt 1 Dec 2018
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          Replying to @davidiach @NickSzabo4 and

          Ethereum can't even maintain 10k fast sync nodes, where are these 100k validators going to come from?

          1 reply 0 retweets 1 like
        10. 5 more replies
        1. Mihailo Bjelic‏ @MihailoBjelic 1 Dec 2018
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          Replying to @NickSzabo4 @lrettig

          Sounds reasonable, but how to decrease the argument surface in such a young, immature tech sector (where almost every aspect/component needs to be discussed and improved)? 🤷‍♂️

          0 replies 0 retweets 2 likes
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        1. escottkey‏ @escottkey1 2 Dec 2018
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          Replying to @NickSzabo4 @lrettig

          But what about them bikesheds?

          0 replies 0 retweets 1 like
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