Dan Elitzer
๐ค SpeakerAppearances Over Time
Podcast Appearances
I don't know that given the ability exists that we could have expected them to do otherwise, but I think we're going to be talking about this decision quite a few times in the years to come.
Yeah.
Well, so I'm in full agreement with you that we need to very clearly define what actions can be taken under what circumstances.
But it's also great that you brought up, you know, circle and tether right here, because the idea that
L1 Ethereum is somehow different and is fully code as law?
Like, no, false.
Like, what if there, and I think just as you brought this up on Twitter the other day, like, what if there's like a compiler bug related to like WETH?
Like we've got like rap, rap being used.
Like what if there's no run?
Like we get infinite mint on weave.
Right.
Okay.
Like, do we think there's not going to be a lot of social pressure and discussion?
Like, Hey, do we fork to fix this?
There's going to be two forks who ultimately chooses the fork.
I can tell you today, if Tether and Circle say, this is canonical Ethereum chain, we are honoring USDT and USDC only on this chain, not on the other one.
Like, I'm sorry, guys, like that's the winning one.
And do they have governments coming and men with guns saying like, you must choose this chain fork?
Okay, they're choosing that chain fork.
Like,