The Role of Researchers in Cryptoeconomics

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Sri Ram: I think there's a lot of value in using staked ETH in other protocols. But at the same time, making sure that's taking the centralization and gets preserved as well as the neutrality of the protocol is super important. And maybe decentralization is only a bootstrapping mechanism to gain credible neutrality up until the point where we basically have technology,. Sri Ram: Once a theorem is a $100 trillion settlement layer for the intent of value, thenmaybe the value of decentralization goes down a little bit.

What are the implications of restaking? Not every Bankless listener will be prepared for this conversation. This one is a hard one. If you want to be adequately equipped for the conversation that awaits, we recommend listening to the Bankless episode we did with Sreeram a few weeks ago. That episode will get you up to speed to understand some of the nuances and problems that are discussed in today’s episode.

Because, today on the show, we have the largest and most gigabrain panel that we’ve ever had on Bankless…Vitalik Buterin, Justin Drake, Dankrad Feist, Jessy (aka 13-year-old VC - that’s her pseudonym), and of course… Sreeram Kannan himself, founder of Eigenlayer and perhaps the creator of restaking…all moderated by Tim Beiko!

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----------- TIMESTAMPS

0:00 Intro 4:45 Setting the Panel 8:51 Jessy’s Restaking Thoughts 10:20 Justin’s Restaking Perspective 11:40 Dankrad’s Restaking Views 12:30 Sreeram’s Restaking Arguments 14:00 Why Justin is a Restaking Doomer 18:30 EigenLayer’s Restaking Architecture 22:05 Restaking Builder Hooks 25:05 Vitalik’s Restaking Concerns 30:05 EigenLayer’s Acceleration 32:50 Sreeram Addressing Vitalik’s Concerns 37:48 Ensuring Restaking is Aligned 46:04 Reputation Systems & Alignment 51:35 Ethereum Protocol Complexity 59:00 Credible Neutrality 1:03:30 MEV Boost & PBS 1:07:10 One Shot Signatures 1:09:10 Closing Thoughts, Arguments, & Next Steps 1:16:30 Closing & Disclaimers

----------- RESOURCES

Sreeram Kannan https://twitter.com/sreeramkannan https://youtu.be/HcEGXoC57Rw

Vitalik Buterin https://twitter.com/VitalikButerin

Tim Beiko https://twitter.com/TimBeiko

Justin Drake https://twitter.com/drakefjustin

Dankrad Feist https://twitter.com/dankrad

Jessy https://twitter.com/13yearoldvc

----------- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures