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paoloardoino's profile
Paolo Ardoino
Paolo Ardoino
Paolo Ardoino
Verified account
@paoloardoino

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Paolo ArdoinoVerified account

@paoloardoino

CTO @bitfinex + CTO @tether_to [Views are my own]

London
github.com/prdn
Joined January 2010

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    1. SBF‏Verified account @SBF_FTX 16 Aug 2020

      SBF Retweeted John Brown

      True for ETH; not necessarily for faster chains.https://twitter.com/john_j_brown/status/1295231224219410432 …

      SBF added,

      John Brown @john_j_brown
      The future of Dexes lies solely in Layer2. Layer1 Dexes are either too uneconomical or too centralized.
      17 replies 8 retweets 104 likes
    2. Paolo Ardoino‏Verified account @paoloardoino 17 Aug 2020
      Replying to @SBF_FTX @SBF_Alameda

      1/2 Eventually a L1 will saturate. Only way to increase throughput is to use L2 solutions. Even if you have a L1 chain that can do 10M txs second, it will just delay the moment it will saturate and you'll have to move to L2.

      4 replies 1 retweet 21 likes
    3. Paolo Ardoino‏Verified account @paoloardoino 17 Aug 2020
      Replying to @paoloardoino @SBF_Alameda

      2/2 Why it happens? If L1 is fast and cheap people will think they can use it for anything: storage, gambling, sending money, selling horses and sheeps. Then you'll need anyway L2 solutions to break bottlenecks. It's just a function of time and success

      1 reply 0 retweets 13 likes
    4. SBF‏Verified account @SBF_FTX 17 Aug 2020
      Replying to @paoloardoino

      True, but I also think that there's a huge difference between 10m and 7. If you can get to 10m then you can get a TON more infrastructure up which is fast,

      2 replies 0 retweets 8 likes
    5. Decentral Station‏ @DecentralStn 17 Aug 2020
      Replying to @SBF_FTX @SBF_Alameda @paoloardoino

      I think we can live with 10M based on the current demand.

      1 reply 0 retweets 0 likes
    6. Paolo Ardoino‏Verified account @paoloardoino 17 Aug 2020
      Replying to @DecentralStn @SBF_Alameda

      Note that when I've said 10M it was purely hypothetical. Hard to get that throughput today on a L1.

      1 reply 0 retweets 2 likes
    7. Decentral Station‏ @DecentralStn 17 Aug 2020
      Replying to @paoloardoino @SBF_Alameda

      I understand your point and agree inprinciple. Also understand the current throughput of L1 chains. The comment was a mild satire.

      1 reply 0 retweets 1 like
    8. SBF‏Verified account @SBF_FTX 17 Aug 2020
      Replying to @DecentralStn @paoloardoino

      I think 10m isn't totally out of the question. Solana is at 100k right now, and there's about a factor of 100 of moderately low-ish hanging fruit I think? IDK for sure, @aeyakovenko / @seb_alameda would know more

      2 replies 0 retweets 2 likes
    9. Paolo Ardoino‏Verified account @paoloardoino 17 Aug 2020
      Replying to @SBF_FTX @SBF_Alameda and

      Problem reaching 10M txs per second is more on the network side. Maybe on a local machine, but on a distributed geographic net? You could create 100 shards and have inter-shard sync, but then the chatter across shards might be too high with block time < 1s Interesting stuff 😎

      1 reply 0 retweets 3 likes
    10. SBF‏Verified account @SBF_FTX 17 Aug 2020
      Replying to @paoloardoino @DecentralStn and

      Oh yeah you def can't get 1 tx to have a latency of < 1/1m s, but you can do multiple in parallel without sharding using e.g. memory allocation (what Solana does)

      1 reply 0 retweets 6 likes
      Paolo Ardoino‏Verified account @paoloardoino 17 Aug 2020
      Replying to @SBF_FTX @SBF_Alameda and

      CPU/Mem is not the problem here, as mentioned on a single machine testnet it would probably all work fine. But imagine shooting every 400ms, 10M transactions confirmations around to hundreds of nodes and synchronizing them all 🤯 That's why L2 solutions are popping out.

      1:13 AM - 17 Aug 2020
      • 6 Likes
      • klondike ciarán.eth Shotgun-Charlie.pkkt (GG) Hooked Ross Middleton 🦇🔈 #BDS Movement - Join Us !
      2 replies 0 retweets 6 likes
        1. New conversation
        2. anat◎ly  🦀 🤿 🏒  🤙‏ @aeyakovenko 17 Aug 2020
          Replying to @paoloardoino @SBF_Alameda and

          10M is 20gbps, which is theoretically doable since pci4 bandwidth is 1tbps. My guess is in that less then 10 years from now 20gbps will be as common for consumers as 1gbps.

          1 reply 0 retweets 2 likes
        3. anat◎ly  🦀 🤿 🏒  🤙‏ @aeyakovenko 17 Aug 2020
          Replying to @aeyakovenko @paoloardoino and

          At that bandwidth, cpu and memory are a challenge. The runtime needs to be as stateless as possible. This is why we are using ebpf as the bytecode, which has been commercially proven at 40gbps/60m packets per second.pic.twitter.com/v7Kd7qxxUZ

          1 reply 0 retweets 4 likes
        4. Show replies
        1. New conversation
        2. ksam.sol‏ @KyleSamani 17 Aug 2020
          Replying to @paoloardoino @SBF_Alameda and

          Paolo, see here for how Solana handles block propagation cc @aeyakovenkohttps://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db …

          2 replies 0 retweets 2 likes
        3. BomboBTC‏ @BtcBombo 17 Aug 2020
          Replying to @KyleSamani @paoloardoino and

          tuRbINeS

          0 replies 0 retweets 1 like
        4. End of conversation

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