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Namik

πŸ‘€ Speaker
403 total appearances

Appearances Over Time

Podcast Appearances

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

And in fact, it's the opposite.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

If the app becomes more successful, Mega is able to earn more money and users are able to maintain cheap fees.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

So we think it's this almost symbiotic relationship.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

Again, I think for better or for worse, we keep experimenting and trying new things with Mega, both on the tech side as well as BD side.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

Maybe it'll be a complete failure.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

I hope not, but it's possible.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

Just our general thinking is there's this famous like Einstein quote, I think, which is like definition of madness is to try the same thing twice and expect a different result.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

And we just kind of came to the conclusion, well, we have to try new things because I, well, what else are we doing here?

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

Right.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

So, yeah, that's the way we're thinking about economics.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

vps which server provider i should use to get the minimum latency to a solana or to a chain validator right so i yeah i think it's simply like you know these are controversial decisions but we think they make sense because it goes back to mega token holders right like if the bottom line is that we're trying to build systems of value like mega token holders i think it's like fair it's it's decentralized in its own way

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

It basically turns these private value capture options and turns them into almost like a public goods of sorts.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

So the value goes back to every stakeholder.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

The reason why it's not worth mentioning because you need users, right?

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

Like no one's going to participate in proximity markets unless people are using Mega, unless there's apps that people want to participate in.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

There's a reason why David and Ryan are on Mega Eve, not because they feel guilty after a podcast episode of us, but because there's something you want to do.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

And, you know, that basically means that, like, realistically speaking, I don't think proximity markets are going to be this amazing story in the first day of mega being live, because we're going to do a lot of the hard work of making sure that all of our apps go live.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

We find PMF of some of these applications.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

And over time, people actually want to co-locate with the mega sequencer.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

And when that happens, instead of, you know, telling them like, oh, yo, you know, send some money to, you know, a bank account and you can sit next to McGeef in Tokyo or wherever we are at the time.