Conversation

L2 AA gets past limitations of best L1 support with EIP-4337. Starknet eg. “Improves UX by 10x”… though it looks like tradeoff is 10x complex tryst stack? Argent first wallet to support native AA
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Multicalls = can bundle series of tx as one without lots of approval clicks Can have “social recovery” instead of seed phrase. Because account is a contract that can be programmed. Power outage… coming back on now.
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He wants to switch from “Africa needs Web3” (moral imperative for dev etc) vs “Web3 needs Africa” Due to demographic logic of young people etc.
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“88% crypto tx in Africa is cross-border.” “Nigeria most crypto obsessed country based on Google search data.” “40 of 54 African countries don’t print their own money. France, Germany, England print and keep 6% as fees” 🤯
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Replying to
Only 18% of trade is within Africa 10B in Swift fees 10% forex tx fees … yeah this is stacked heavily against the continent
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Meant to go to the session on next billion but overflowing so attending plantain chops and coffee session instead.
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Gonna go back to 5th floor main room in a bit simply because it’s too big to overflow. This is a true dev conference. A subset of obscure tech deep dives seem to have queues to get in. A talk in a new stablecoin called Gho seems to be the it-event right now.
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Dropped into a panel on ethereum sign-in. Kinda meandering. Feels like a podcast. Gonna bg it and browse twitter unless something makes me peek up.
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Panels are hard to do truly well but also hard to do truly badly. A mediocratizing format. I generally avoid them, but I’ll be moderating one at the California Economic Summit in a couple of weeks. For some topics it’s the only reasonable format.
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Couple of nice real user stories. They make choices like tether and tron that people within crypto would find highly dubious
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Audience Q2: “who herevuses crypto for expenses?” … some interesting weird patterns here, like a Mexican grandma cashing out a crypto UBI grant in pesos
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Artist gave nft buyers a choice to either burning the physical art or the nft. Bruno thinks nfts cannot correspond to a physical object. Opposite thesis to
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Outside money vs inside money. Inside money = tied to a debt obligation/promise. Gold/bitcoin prototypes of outside money.
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Bruno is beating up on Saylor idea that bitcoin’s energy use is a reality feature. He thinks it is a virtuality bug. few.
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Lunch with some EF folks. I have scored this impressive commemorative coin thingie. for merge that I have totally not earned but am keeping anyway.
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Feels like getting an Apollo 11 mission badge without doing anything for it. Will take a nap and then take on the account abstraction panel at 5.
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Ok, skipping that panel. Might watch on livestream from hotel though. Only a couple of spoons left which I have to save for a social dinner (heh almost didn’t notice the spoon theory joke there 🤣)
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2 random reflection thoughts inspired by a chat with merge orchestrator Premature ossification is the root of all evil Sufficiently delayed ossification is indistinguishable from cancer Question is how do dowse for the ossification sweet spot? 🤔
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Tech stacks are like avocados. They go from underripe to overripe really fast with a 1 day window where they’re perfect to eat. Max 3 days if refrigerated at the right time.
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It is both impressive and worrisome how EIP numbers are used by everybody as an arcane set of nouns that stand for hairballs of ideas. Like constitution amendment numbers except there’s way more of them. 😰
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And Day 3 wrapped with a rather intense but fun dinner from longnow roped me into, with a bunch of people from EF and Had some excellent pasta. I take back what I said before. Colombia can do great vegetarian food when it tries.
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Thought I shared at dinner: current magical/demonic vibe of zk proof subculture is like Lovecraftian horror of general relativity in the 1920s, when lines like “obtuse angles that looked acute” actually scared people. The magic vibe will dissipate and this will be boring in 30y.
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