Control of rollup keys > important than decentralization of sequencer. RUs have diff gov than ETH.

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The important questions in roll-ups are about governance and control rather than the decentralization of the sequencer. The control of the roll-up and its governance mechanism, such as who controls the sequencers and who holds the upgrade keys, is more crucial than the exact mechanism of the sequencer. Decentralizing the sequencer does not necessarily guarantee real-time censorship resistance or prevent monopolistic operators, as the governance token holders can still implement rules and select sequencers that suit their interests. The focus should be on constraining the powers of the sequencers, even if it's just one person, rather than rushing for maximum decentralization. Active governance is expected in roll-ups, and they should consider different trade-offs for concepts like MEV compared to Ethereum.

In this episode, we explore Jon’s journey into crypto and our mutual passion for research and the writing process. We then give an overview over the key areas of crypto infrastructure today. Finally, we zoom into rollup decentralization roadmaps, and Jon shares a controversial new thesis about sequencer decentralization.

Timestamps:

(00:00) Intro

(02:42) Interview start

(03:44) Jon's work week

(08:04) ChatGPT & writing

(10:57) Jon's start in crypto

(14:45) How to pick things to work on

(17:08) Outsider's perspective on crypto

(19:05) Jon's research process

(22:00) Jon's proudest moment in crypto

(23:06) Crypto Infrastructure overview

(29:58) Why crypto infrastructure is interesting

(35:57) Rollup decentralization overview

(42:44) Challenges decentralizing the sequencer

(47:46) Ethereum vs Cosmos approach to governance & decentralization

(53:35) User ability to opt out

(56:37) Staking vs. governance deciding sequencers

(01:08:31) L3s

(01:13:34) Superchain

(01:16:38) Summary of rollup decentralization

(01:21:08) Outro

Hasu - https://twitter.com/hasufl

Jon Charbonneau - https://twitter.com/jon_charb

UCC2 - https://twitter.com/UCC2_xyz

Website - https://ucc2.xyz

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