Bankless Ether's Phoenix with Optimism's Karl Floersch | GreenPill #2
Feb 24, 2022
Karl Floersch, co-founder of Optimism and advocate for public goods in Ethereum, passionately discusses the transformative potential of retroactive public goods funding. He introduces the concept of Ether's Phoenix, promoting collaboration within the Ethereum community to address societal challenges. The conversation reveals the need to align personal values with technology to build a sustainable financial infrastructure, and how optimism and community can drive meaningful change in a space often overshadowed by speculation.
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Karl's Background
- Karl Floersch's parents, a radical contrarian and a Hindu universalist, influenced his worldview.
- Early exposure to online worlds like World of Warcraft further shaped his interest in digital spaces.
From Plasma to Optimism
- Plasma Group, focused on Ethereum scaling, transitioned into Optimism due to limitations in Plasma technology.
- Optimism, a public benefit corporation, aims to scale Ethereum using Layer 2 solutions.
Ethereum's Governance Gap
- Ethereum's technological advancements haven't been matched by equally robust governance mechanisms.
- The lack of public goods funding is a major market failure within the Ethereum ecosystem.