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Bankless

186 - The Blockchain Trilemma - ETH Vs SOL Vs ATOM with Mike Ippolito

Bankless

Bankless

Tech News, Technology, News

4.71.2K Ratings

🗓️ 4 September 2023

⏱️ 103 minutes

🧾️ Download transcript

Summary

Today we're joined by Mike Ippolito, co-founder at Blockworks, who's here to breakdown his take on the Blockchain trilemma and how Ethereum, Solana, and Cosmos chains all attempt to solve it.


This wide ranging interview asks great questions and shines a light on what a multi-chain future might look like.
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✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-blockchain-trilemma/ 
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Resources:


On the margin podcast:
https://podcasts.apple.com/us/podcast/on-the-margin/id1558223079 


Mike:
https://twitter.com/mikeippolito_ 
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TIMESTAMPS


0:00 Intro
6:13 Intro To Mike
11:16 The Three Frontiers
19:11 Recap and Overview
25:58 Different Approaches to The Scalability Trilemma
31:42 Explaining PEPC
36:13 A Point By Point Walkthrough
45:29 Ethereum Vs The Invisible Hand
56:58 Should The Free Market Be in Control?
1:01:11 Moloch
1:08:13 Solo Validators
1:10:31 Defining Decentralization
1:15:49 Power Law Winners
1:19:03 Roll Apps vs App Chains
1:29:09 Defining Soverign Rollups
1:33:29 Sequencer Incentives
1:36:20 Exploring The Superchain
1:41:31 Price Discovery on Chain
1:44:15 Making Crypto Accessable
1:48:50 Permissionless Panel
1:51:29 Outro and Disclaimers


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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures

Transcript

Click on a timestamp to play from that location

0:00.0

I live in America. I think America is, I know what people hate when Americans say this,

0:05.0

I think it's the best country in the world. I love it, but I don't wish that it was the only country in the world.

0:10.0

I'm really glad that there are other countries out there, and I think if everything became America,

0:16.0

America would stop being America and it would actually be much worse.

0:19.0

So, I think there's real genuine value in having multiple different ecosystems with multiple different viewpoints,

0:25.0

varieties of the spice of life.

0:29.0

Welcome to Bankless, where we explore the frontier of internet money and internet finance.

0:33.0

This is how to get started, how to get better, and how to front-run the opportunity.

0:36.0

This is Ryan Chong Adams. I'm here with David Hoffman, and we're here to help you become more bankless.

0:41.0

The topic today. Convergent evolution are Ethereum, Solana, and Cosmos.

0:46.0

Are they all building toward the same thing?

0:49.0

Our episode with Mike Epilito of Blockworks explores that this is a well-researched challenge show

0:54.0

I think the traditional bankless thesis of this future of Ethereum dominance and value accrual.

0:59.0

What are David and I missing from these non- Ethereum ecosystems?

1:03.0

That's what we talked to Mike about today.

1:05.0

There's a pushback on today's episode, a little bit of debate.

1:08.0

All of this is handled in an adult manner that we hope will further everyone's understanding,

1:12.0

unlike the Twitter battles that we see so often.

1:15.0

A few takeaways for you from today's episode.

1:17.0

Number one, Mike starts with the scalability trilema.

1:20.0

Remember that?

1:21.0

There are three sides of the triangle. According to Mike, there are also three ecosystems that matter.

...

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