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Is $TIA Modular Money? | Nick White

Bankless

Bankless

Technology, Tech News, News

4.71.2K Ratings

🗓️ 16 April 2024

⏱️ 87 minutes

🧾️ Download transcript

Summary

In today's episode, David delves into the interesting dynamics between Ethereum and Celestia. While Ethereum and Solana are often seen as the main rivals, Celestia shares similar design philosophies and goals but with notable differences. Is it Ethereum's true competitor? Joining us to help answer that question and much more is Nick White, COO of Celestia Labs.

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TIMESTAMPS

0:00 Intro
5:28 Celestia 2 Years Ago
6:30 Build Whatever & DA
11:29 Celestia Design Architecture
19:15 Ethereum vs. Celestia
22:26 Celestia No Virtual Machine Trade-Offs 
29:57 Sharing DA Layers & Blockchain Interoperability
37:23 Celestia Trustlessness
42:09 DA as a Commodity? 
54:09 Network Effects of DA
57:35 $TIA’s Role in Celestia Ecosystem
1:01:50 Lightnodes 
1:04:57 $TIA’s Moneyness
1:10:20 Execution & Settlement Layers
1:16:46 Cosmos & Celestia & Ethereum
1:21:56 Sovereign Endgame 
1:26:42 Closing & Disclaimers
 
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RESOURCES

Nick’s 1st Bankless Episode 
https://youtu.be/bmSU3cZhe3U  

Nick White
https://twitter.com/nickwh8te  

Celestia
https://twitter.com/CelestiaOrg  

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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

point, it's all like a trade-off curve, right?

0:05.4

And Celeste is optimizing for a certain thing.

0:07.7

Ethereum optimizes for a different thing.

0:09.6

And again, also the tie back.

0:11.3

And that's why they're not commodities because they're

0:13.6

they're just going to be very different it's like the theory and

0:16.4

block space is going to be different than the celestial block space because they make

0:19.7

different choices they're optimized for different things. I think that like

0:23.2

Celestial just has a different philosophy and that results in different design.

0:37.8

Welcome to Bankless where we explore the frontier of internet money and internet finance. And today we explore the frontier of Celestia and the roll-up landscape that it wants to bring into the crypto universe.

0:44.0

Bankless Nation, there is a paper-thin wall between the design of

0:48.4

Ethereum and the design of Celestial. These two networks are both designing for very similar outcomes. It's

0:55.1

often discussed that Ethereum and Solana are the biggest competitors out there

0:59.2

but I actually think the reason why these two networks are positioned as big competitors is because the design

1:05.4

philosophies of Ethereum and Salana are just completely opposed to each other. I suggest to you,

1:11.3

bankless listener, that it's actually Celestial

1:13.6

that is the real competition to Ethereum, because it's made the same choices,

1:18.3

optimizing for the same outcome, but with just some few key differences that we're going to unpack here on the show today.

1:25.0

Perhaps this is also why there is a much more friendly relationship between these two ecosystems

1:29.8

between Celessia and Ethereum because despite being more meaningful competitors,

1:34.6

our values are the same.

1:36.1

So personally speaking, if Celestialia won the Game of Thrones in crypto, I would actually

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