LobsterDAO 🦞

25 Apr 2025 11:04

People would trust a centralized sequencer from Circle more than any other company. So a generalized L2 becomes a constant revenue stream for them.

LobsterDAO 🦞

25 Apr 2025 11:03

Why should users to choose to build on Circle's chain?

LobsterDAO 🦞

25 Apr 2025 11:01

You can grow most of it 2-3 years time, most probably less if you don't have to manage the complexity of turing complete smart contracts existing on the network. Honestly if I you can just take Solana's runtime, strip it down to the most basic data accounts and benefit from existing ecosystem.

LobsterDAO 🦞

25 Apr 2025 10:57

A permissionless API for your stablecoin settlement chain. Think of it like that. Don't think of it like a generalized ecosystem play. A turing complete chain is just a permissionless API for the main killer app on it.

LobsterDAO 🦞

25 Apr 2025 10:56

People who know their shit

LobsterDAO 🦞

25 Apr 2025 10:55

developer documentation

LobsterDAO 🦞

25 Apr 2025 10:55

What's would be the main point of complexity, let's say if its just Bitcoin but now one address might hold more than one type of Bitcoin?

LobsterDAO 🦞

25 Apr 2025 10:51

I am not saying you have to be TRON. Just saying exchanges already support different models, so for a big player like Circle, setting up distribution wouldn't be an issue.

LobsterDAO 🦞

25 Apr 2025 10:49

Most exchanges have already integrated Tron and they have a native token format iirc. Are these apps supposed to be onchain or offchain? Like my assumption is these chains are supposed to act like how existing tradfi infra like SWIFT or UPI or Pix works but on a global scale, not as a global programming VM. A Turing Complete execution environment will always have throughput issues. So if your aim is to maximize the settlement speed, maybe having an EVM compatible one isn't the best scenario. For a smaller player it makes sense, for someone like Circle, I don't think establishing distribution channels would be that big of an obstacle.

LobsterDAO 🦞

25 Apr 2025 10:44

Mikko gets everything and reads my mind. Like some kind of AI superbrain. This is basically the exact answer. And also will add that because you want people to build on your chain too, a contract platform is basically a permissionless API rather than a closed, narrow functionality feature.

LobsterDAO 🦞

25 Apr 2025 10:41

Does anybody know if Metamask Institution still exist? Couldn't find anything about them online since last year

LobsterDAO 🦞

22 Apr 2025 10:23

well can't you achieve the same thing on existing slower L1s by using pre-confirmations? collocate with a transaction proposer for the getting the fastest possible access to a pre-confirmation

LobsterDAO 🦞

22 Apr 2025 10:18

people who need faster txns will colocated with validators/sequencers

LobsterDAO 🦞

22 Apr 2025 10:09

Even 20 year old MMOs are still reliably playable across the Atlantic ocean with less than 100ms. 200ms already feels laggy and unpleasant. Not to mention how unplayable anything requiring fast reactions like FPS become at >100ms.

LobsterDAO 🦞

22 Apr 2025 10:01

EU<>US light speed delay is 60ms, far from 200ms

LobsterDAO 🦞

25 Apr 2025 11:03

I guess Base already answered that question

LobsterDAO 🦞

25 Apr 2025 11:02

No I get it. But what I don't get then is what's the difference of just using USDC on other EVM chains compared to their own?

LobsterDAO 🦞

25 Apr 2025 10:57

It's not 'generalized' it's specialized but with a full permissionless API.

LobsterDAO 🦞

25 Apr 2025 10:57

this and documentation so so important

LobsterDAO 🦞

25 Apr 2025 10:56

libraries for Python, JavaScript, NET, Go

LobsterDAO 🦞

25 Apr 2025 10:55

Basic things like RPC API

LobsterDAO 🦞

25 Apr 2025 10:53

I have been working in an exchange, integrating chains, and I think you are wrong here.

LobsterDAO 🦞

25 Apr 2025 10:50

I will bet you 5 shitcoins you can’t deploy a custom contract, of any meaning, on TRON in under 30min. It’s basically a joke chain

LobsterDAO 🦞

25 Apr 2025 10:49

this is why we have so many incentives in crypto. Someone has to the spread and inevitably it’s the VCs

LobsterDAO 🦞

25 Apr 2025 10:43

You want all the exchanges and apps in the world to use your chain. For each of those apps, there is a cost to integrate. The cost to integrate to non-EVM chains is an order of magnitudes higher, 10x - 100x. You would need to pay a lot of more for distribution channels. A lot.

LobsterDAO 🦞

22 Apr 2025 10:24

actually what is the current state of pre-confirmation stuff?

LobsterDAO 🦞

22 Apr 2025 10:18

however not sure how you could make the network benefit from those fees

LobsterDAO 🦞

22 Apr 2025 10:18

this is why low blocktime chains work for financial usecases

LobsterDAO 🦞

22 Apr 2025 10:02

many gaming servers etc target lower latency than 200ms, 500 is way too high for many applications

we target lower latencies for our internal APIs and we're not even a game

LobsterDAO 🦞

22 Apr 2025 08:00

GMX utilizes a keeper network so that all transactions (trades, mint LP, redeem LP) can be verifiably priced using chainlink datastreams and front running isn't possible.

So while it's near instant it isn't atomic. You submit and you have a return transaction with your LP or your original funds.