Ethereum's North Star Problem With Jon Charbonneau

8 snips

Dec 17, 2024

Jon Charbonneau, co-founder of DBA and a prolific writer, joins for an engaging discussion on Ethereum's challenges. He explores the ambiguous direction of Ethereum compared to Solana's clear purpose as a decentralized NASDAQ. The conversation dives into the importance of a unified mission in Ethereum, the complexities of its ecosystem, and the emerging solutions for on-chain risk management. Charbonneau also shares insights on the future of crypto applications, emphasizing practical use cases over fleeting trends.

Ask episode

AI Snips

Chapters

Transcript

Episode notes

INSIGHT

Solana's Clear Vision

Solana's North Star is to be a decentralized NASDAQ, focusing on high-performance price discovery.
This clear vision guides development and allows for easier evaluation of upgrades, unlike Ethereum's more ambiguous goals.

INSIGHT

Ethereum vs. Solana: Clarity of Vision

Ethereum's lack of a clear vision from the start has contributed to its current North Star problem.
Solana's consistent focus on speed and low cost is a sustainable vision, though competition remains.

INSIGHT

Importance of a Clear Vision

Ethereum's North Star problem stems from disagreement on its core purpose and competition in multiple areas.
A clear vision is crucial for attracting developers, users, and investors, especially in a competitive landscape.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Gm! This week, we're joined by Jon Charbonneau for a discussion on his most recent piece "Ethereum’s North Star". We deep dive into the state of L1s, does Ethereum need a north star, what to expect in 2025 & much more. Enjoy!

–

Follow Jon: https://x.com/jon_charb

Follow Mert: https://x.com/0xMert_

Follow Jack: https://x.com/whosknave

Follow Lightspeed: https://twitter.com/Lightspeedpodhq

Subscribe to the Lightspeed Newsletter: https://blockworks.co/newsletter/lightspeed Utilize the Solana Dashboard by Blockworks Research: http://solana.blockworksresearch.com/

Read Jon's Ethereum’s North Star Piece: https://dba.xyz/ethereums-north-star/

Lightspeed Audience Survey: https://lightspeed-4bed7b.beehiiv.com/forms/8c6edcb5-f0e8-4d08-957f-2bfc3a41686c

Chaos Labs, the leading onchain risk management firm, recently launched its new flagship oracle product, Edge, which delivers integrated, high precision risk and price data for any onchain application with a market.

Edge emerged from stealth after 2 months securing Jupiter, the top trading platform on Solana, already securing $30B in volume and more than 60% of all Solana perps volume. https://chaoslabs.xyz/

Ledger, the global leader in digital asset security, proudly sponsors the Lightspeed podcast. As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your Solana assets. Buy a LEDGER™ device now and build confidently, knowing your SOL are safe.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

Renaud Partners has built the most elite network of native crypto marketers globally. They create custom, expert teams to support founders with transformative strategy work.

Trusted bysome of the best founders, VC firms, and ecosystem leaders in the business, helping their teams expedite their marketing success and catalyze their growth.

If you’re a founder or a VC looking for support for your teams, I highly recommend connecting with them at RenaudPartners.com

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

(00:00) Introduction

(01:23) Ethereum’s North Star

(05:49) Solana’s North Star vs Alt L1’s

(09:59) Chaos Labs Ad

(10:59) Ledger Ad

(11:53) Renaud Partners Ad

(12:53) Creating A North Star

(19:03) Feedback On Jon’s Piece

(28:18) Memetics vs Fundamentals

(31:34) Main Concerns For Solana

(39:35) The Jito Mempool

(45:01) Real Economic Value

(50:20) What To Expect In 2025

(55:44) Crypto’s Unsolved Problems

Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Jack, and our guests may hold positions in the companies, funds, or projects discussed.