►
Description
Visit the https://archive.devcon.org/ to gain access to the entire library of Devcon talks with the ease of filtering, playlists, personalized suggestions, decentralized access on Swarm, IPFS and more.
https://archive.devcon.org/archive/watch/6/fixing-the-internet-with-layer-2-governance/
Web3 opens the door to a new cyberspace—one not only occupied, but governed, by its citizens.
[The Optimism Collective](http://optimism.io/vision) is our attempt to correct meatspace's market failures with an L2.
But this talk isn't on scaling. It's about...
...the past: why Ethereum is not an opportunity, but a responsibility.
...the present: what we're doing to take this seriously & how it impacts our governance designs.
...the future: the path towards summoning Ether's Phoenix.
Speaker(s): Ben Jones
Skill level: Intermediate
Track: Governance & Coordination
Keywords: governance,public_goods,funding
Follow us: https://twitter.com/efdevcon, https://twitter.com/ethereum
Learn more about devcon: https://www.devcon.org/
Learn more about ethereum: https://ethereum.org/
Devcon is the Ethereum conference for developers, researchers, thinkers, and makers.
Devcon 6 was held in Bogotá, Colombia on Oct 11 - 14, 2022.
Devcon is organized and presented by the Ethereum Foundation, with the support of our sponsors. To find out more, please visit https://ethereum.foundation/
A
A
I
think
we
need
to
get
livened
up
a
little
bit
so
I'm
gonna
have
some
heavy
crowd
engagement
to
start
this
off.
Are
you
all
down
y'all
ready,
yeah,
wow,
okay,
I
always
bring
this
to
my
talks.
I,
don't
know
how
I'm
gonna
hold
it.
Maybe
we'll
do
okay.
This
is
going
to
be
the
most
ridiculous
thing,
but
here's
what
I
need
you
guys
to
do
just.
B
A
There
we
go
okay,
so
that's
how
we
we
dust
off
our
our
post,
lunch
energy
there,
okay!
So
thanks
all
for
being
here
cool,
so
hey
everyone!
My
name
is
Ben.
My
stage
name
is
weird:
eth
Yankovic
I
discovered
that
I
can
do
music
if
it's
about
crypto
and
it
covers
how
bad
I
am
at
music
works.
Great
and
I'm.
One
of
the
co-founders
of
the
project
called
optimism:
oh
yeah,
thank
you.
Okay,
I'll,
take
it,
and
today
I
am
going
to
do
a
talk
on
what
we
are
building
and
why?
A
Because,
if
you
thought
that
we
were
building
a
blockchain,
if
you
thought
we
were
building
a
scalability
solution,
you
are
dead
wrong
and
by
the
way
this
is
the
most
ridiculous
talk.
I
have
ever
done
like
by
an
order
of
magnitude.
So,
in
addition
to
thank
you
for
being
here,
thank
you
for
coming
along
this
ridiculous
ride
and
yeah
brace
yourself.
A
I
believe
that
we
are
here
to
change
the
future,
and
hopefully,
if
you're
here
at
Devcon,
you
feel
that
way
too,
when
I
discovered,
ethereum
I
dropped.
Everything
I
saw
something
something
clicked.
We
call
it
going
down.
The
rabbit
hole,
but
whatever
the
heck,
it
is
it's,
this
kind
of
vibe
here's
one
of
our
great
ethereum
shows
Mr
David,
Hoffman
crypto
wasn't
created
to
make
you
rich.
It
was
created
to
set
you
free,
so
we've
got
a
lot
of
shills
out
there,
but
the
reality
is
that
we
all
have
to
acknowledge.
A
A
Why
is
it
so
hard
to
convince
these
people,
and
what
can
we
do
to
make
that
happen?
Well,
I!
Think
really
what
this
comes
down
to
is
that
when
we
talk
about
these
systems,
we
describe
the
properties
of
the
future
that
we
see.
We
talk
about
decentralization
censorship,
resistance,
digital
value,
but
what
we
don't
talk
about
are
the
paths
that
we're
going
to
take
to
get
there
and
the
reality
is
even
if
some
of
these
properties
of
the
future
are
inevitable,
the
outcomes
resulting
from
the
paths
we
take.
There
simply
are
not.
A
30
years
ago,
Silicon
Valley
had
an
explosion
of
technological
utopians
that
knew
that
the
internet
was
the
next
big
thing:
the
information
superhighway,
the
World
Wide
Web
according
to
Popular
Mechanics.
This
was
going
to
be
the
greatest
social
Revolution
since
the
automobile,
and
probably
it
was,
but
nobody
really
saw
what
was
coming
in
1996,
this
guy
John
Perry
Barlow,
often
called
the
Thomas
Jefferson
of
the
wire
generation
wrote
a
very
famous
piece
called
a
declaration
of
the
independence
of
cyberspace.
A
A
This
is
good
stuff,
weary
Giants
of
Flesh
and
see
yeah
I
mean
that
deserves
a
plus
totally
it's
great.
It's
incredibly
moving
right,
weary,
Giants
of
Flesh
and
still
what
a
phrase
right.
Oh
my
gosh
and
this
thing
went
viral
back
in
96
within
months.
It
was
on
tens
of
thousands
of
websites
and
it
had
taken
a
subset
of
the
community
by
swarm,
but
it's
hard
today
also
not
to
look
back
on
this
message
with
30
years
of
hindsight
and
feel
that
in
some
ways
it's
a
little
bit
naive.
A
What
we
learned
was
that
the
roads
of
that
information
superhighway
were
not
equally
paved,
and
the
reality
is
that
those
weary
Giants
of
Flesh
and
steel
have
been
replaced
today
by
siled
Giants
of
concrete
and
silicon.
This
is
what
runs
our
internet.
This
is
what
things
look
like
today.
So
how
are
we
not
going
to
do
this
again
with
crypto?
What
can
we
say
about
what's
to
come?
Well,
the
only
thing
we
know
for
sure
is
that
technology
is
keep
is
going
to
keep
accelerating
it
is
going
on
and
on
and
on.
A
You
can
feel
it
in
the
air.
Guys
I,
don't
know
about
you,
but
I
certainly
feel
it
seems
like
every
week.
Something
crazy
is
going
on.
The
AI
have
started
to
do
our
homework,
the
homework
of
our
children
and
better.
Then
those
children
are
able
to
I
think
probably,
whereas
a
year
ago
it
didn't
exist,
half
of
the
people
at
Devcon
used
an
AI
to
generate
the
slides
that
they
present
here
at
Devcon.
Here's
an
AI
generation
of
depicting
someone
using
artificial
intelligence
to
generate
their
slides
right,
it's
crazy!
A
A
A
We
are
maximizing
our
profits
with
no
regard
for
the
long-term
consequences
of
what
we're
doing.
We
are
Sybil
attacking
ourselves
with
fake
accounts
and
even
Faker
news,
and
we
are
literally
straying
dangerously
close
to
nuclear
war.
Call
it
what
you
want,
Call
It,
The,
Singularity,
say
it's
something
else,
but
it's
clear
that
we
are
moving
through
a
phase
shift
right
now
into
something
new
and
whatever.
That
is,
if
it's
not
our
destruction,
we'll
change
how
life
is
expressed
in
the
Galaxy,
fundamentally
or
at
least
our
solar
system.
A
Anyway,
I
don't
know
about
those
aliens,
maybe
they're
already
there
and
in
many
ways
the
crypto
dream
is
to
forge
a
path
through
this
uncertain
future
right,
open
source
software,
knowing
what
code
is
being
run.
Digital
sovereignty
going
bankless
living
in
the
metaverse
working
for
daos
right.
These
are
things:
are
the
promise
of
crypto
they're
the
dream?
A
What
is
the
reality
today,
though?
It's
a
little
bit
different
coin
voting!
That's
what
we
have
today.
Folks
coin
voting.
There
are
exceptions,
but
by
and
large
this
is
what
exists
in
crypto
today
right-
and
this
is
just
sad-
come
on
guys
look
at
this
guy.
This
is
a
400
year
old
mechanism.
This
is
the
founder
of
the
Dutch
East
India
Trading
Company,
who
is
basically
the
first
person
to
make
a
coin
voting
structure
right.
It
was
a
you
know.
It
was
a
company
that
you
could
trade
the
shares
of
it's
400
years
old.
A
His
name
is
Johann
Von,
Olden,
barnabelt,
crazy
right,
the
United
Cynthia
company.
Do
we
really
think
that
this
guy,
the
mechanism
that
this
guy
made,
if
we
take
it
and
we
make
it
Unstoppable
by
putting
it
on
a
blockchain,
we're
suddenly
going
to
usher
in
a
new
era
of
unity
and
freedom
for
the
world?
It's
just
not
enough
what
a
joke!
It's
a
joke
and
I
want
to
be
clear.
We
should
still
stand
on
the
shoulders
of
giants.
These
mechanisms
are
400
years
old
and
worked
for
a
reason,
but
the
reality
is.
A
We
also
have
to
use
those
mechanisms
in
new
ways
right.
Much
of
the
anger
at
the
world
today
that
we
at
crypto
in
crypto,
feel
like
we're
trying
to
solve
is
the
fact
that
we
let
this
coin
voting
mechanism
run
unchecked
and
we
talk
about
late
stage,
capitalism
and
all
of
that,
and
so
ultimately
our
anger
is
about
these
systems.
So
it's
completely
ridiculous
to
say
that
we're
going
to
go
and
put
it
on
a
coin
vote
and
suddenly
the
world
is
saved
so
we're
facing
an
inflection
point.
A
A
Alone,
but
this
is
what
I
meant
at
this
beginning
when
I
said
we're
not
creating
a
blockchain
here,
we're
doing
something
more
optimism
is
a
collection
of
optimists.
We
are
here
to
Align
Technology
with
Humanity
and
reject
those
Futures
in
which
capital
alone
is
King,
because
capital
is
already
King.
Today
we
don't
want
to
just
make
it
autonomous
and
unstoppable.
That's
crazy,
crazy!
Look
at
that
Echo,
the
technology
that
we're
talking
about
today
is
necessary,
but
it
is
not
sufficient.
A
It
is
one
half
of
the
picture
if
we're
going
to
align
with
ourselves
and
with
the
technology.
So
this
is
something
that
at
optimism,
we've
been
dealing
with
for
a
long
time.
So
actually
we
started
out
as
a
non-profit
foundation
called
plasma
group
plasma
was
an
early
precursor
to
the
Roll-Ups
and
scalability
we
see
today
and
basically
what
we
did
was
we
created
this
non-profit.
We
released
a
bunch
of
code
and
Designs
out
into
the
world
and
pushed
forward
the
space
of
scaling,
but
very
quickly.
A
It
became
apparent
that
the
incentives
were
broken
because
everyone
was
going
and
using
our
technology
and
we
couldn't
raise
more
money.
We
couldn't
hire
more
people,
it
was
incredibly
difficult
to
get
by.
At
the
same
time,
cookie
cutter,
D5
projects
and
scam
artists
were
having
money
poured
into
them
poured.
These
are
the
early
signs
of
the
dangerous
future
we
need
to
avoid.
So
after
a
year
we
wound
down
the
non-profit,
and
we
said
you
know
what
we've
got
to
solve
this.
A
We
created
the
thing
known
now
as
optimism:
it's
a
public
benefit
Corporation
and
our
goal
was
to
solve
the
problems
and
make
it
so
that
we
were
the
last
ones
to
encounter
the
issues
that
we
had
faced
as
a
non-profit.
After
that,
we
got
to
building
again.
The
technology
is
critical.
It
is
very,
very,
very
important
and
we
spent
the
last
three
years
building
some
awesome
awesome.
A
A
A
So
you
can
read
more
about
that
here.
Another
thing
that
we
did
was
created
a
working
Constitution,
so
something
to
imbue
what
we're
trying
to
get
after
and
we
have
a
few
core
principles
here.
One
of
them
is
governance.
Minimization.
If
you
can
do
something
with
a
mechanism
and
without
more
complex
complexity,
you
should
do
that
another
one
is
forkability
and
in
particular
here
I
mean
Pro
forkability,
there's
a
difference
between
calling
your
code
base
open
source
and
having
the
ability
to
click
Fork
on
GitHub
and
actually
creating
systems
which
are
easy
to
Fork.
A
A
Okay,
so
the
world
is
going
down
this
crazy
path.
What
is
the
optimism
Collective?
Really
in
all
that
context,
the
optimism
Collective
is
a
spaceship
built
to
care
Humanity
through
the
singularity,
I
told
you.
This
was
going
to
be
ridiculous,
crazy
presentation,
this
little
Opie
cheeks,
so
cute,
okay,
I
think
this
is
a
Perfect
Analogy,
but
it's
an
interesting
one.
A
You
can
think
about
the
different
components
of
the
spaceship,
in
particularly
things
like
the
engines
and
life
support
and
things
like
that
as
the
technological
aspects,
the
execution,
the
settlement,
the
consensus,
but
there's
also
a
key
component
to
a
spaceship,
which
is
the
navigation
and
the
AI.
Presumably
that
helps
you
navigate
this
ship,
and
that
is
the
governance.
A
Does
anyone
recognize
this
ship
in
the
audience?
Anyone
yeah,
oh
yeah?
Of
course
this
is
from
2001
A,
Space,
Odyssey
and,
of
course,
the
AI
navigator
on
that
ship.
The
discovery
xd1
or
something
like
that
was
HAL
9000,
the
most
famous
AI
villain,
probably
of
all
time,
and
the
entire
premise
of
that
movie
is
basically
that
how
goes
Rogue
and
how
becomes
an
autonomous
AI
that
doesn't
care
about
the
people
on
board.
It
only
cares
about
completing
its
mission.
So
how
do
we
present
becomes
the
question
in
optimism,
governance?
How
do
we
prevent
op9000?
A
This
is
what
we
need
to
avoid.
We
have
three
strategic
pillars
that
we're
taking
here
to
try
to
prevent
these
outcomes.
Number
one
is
identity
humans
over
Capital.
We
need
to
give
humans
in
these
systems
not
just
a
voice,
but
a
fundamental,
ingrained
notion
of
control.
It
must
be
that
the
op9000
AI
listens
to
its
crew.
Another
we
have
is
retroactivity
reward
after
impact.
A
If
we
want
to
prevent
these
dangerous
Futures
that
we
might
be
headed
towards
don't
put
money
into
something
which
might
cause
that
future
instead
reward
once
we
know
that
that
thing
had
the
outcome,
that
we
were
looking
for,
don't
let
things
backfire
and
the
third
I
already
talked
about
is
forkability,
but
I
just
want
to
stretch
it
again.
The
optimism
code
base
we'll
talk
about
in
a
minute.
The
op
stack
should
be
a
one.
Click.
A
A
bit
should
have
a
one-click
ability
to
deploy
everything
about
the
optimism
system
in
an
entirely
new
instantiation
and
I'm,
not
just
talking
about
a
chain
I'm,
not
just
talking
about
a
sequencer
I'm.
Talking
about
the
governance,
the
voting,
the
off
chain
tools,
which
we
use
things
like
forums
to
actually
come
to
consensus
on
things
everything
should
be
able
to
be
forked.
We
need
Escape
hatches
if
one
optimism
may
not,
the
one
we
currently
know
goes
down.
A
A
So
the
first
thing
we're
doing
with
our
governance
is:
it
is
by
camera
I
love
saying
that
word.
It
sounds
very
fancy,
but
really
it's
for
something
quite
simple:
it
just
means
that
optimism
has
two
co-equal
houses
in
its
governance.
This
is
an
example
of
us
borrowing
and
standing
on
the
shoulders
of
giants.
A
It's
very
simple,
but
it's
very
clear
and
it's
been
very
effective.
Something
like
40
of
the
world's
governments
today
are
not
run
by
a
single
entity.
There
are
two
entities
that
are
co-equal.
These
two
houses
that
need
to
come
together
to
make
decisions,
keep
each
other
in
check.
So
what
are
the
two
houses
for
optimism?
House
number?
One
is
the
token
house
like
I,
said
before
token
voting
is
a
very
powerful
mechanism.
It
has
a
great
track
record
of
extracting
profit
but
left
unchecked.
That's
where
we've
seen
the
issues.
A
So
the
token
house
is
the
product,
profit-seeking
House,
of
the
optimism
Collective.
What
does
that
mean?
Well,
it
means
that
it
sets
the
parameters
and
sets
the
chain
up
for
Success.
Keep
the
chain
healthy.
The
other
house
is
the
citizens
house.
The
token
house
is
one
coin.
One
vote:
the
citizens
house
is
one
person,
one
vote
and
its
goal
is
to
distribute
the
profits
that
are
acquired
by
the
token
house.
A
How
does
it
do
that?
Something
called
retroactive
publicist
funding?
There's
our
retroactivity
again,
who,
in
the
crowd,
is
familiar
with
this,
let
me
say,
raise
of
hands
for
rpgf.
Oh,
yes,
the
meme
is
spreading,
I
love
it.
Okay,
I
love
it.
Oh
I
will
say
it's
important
to
think
about
when
you're
thinking
from
a
mechanism
perspective
about
the
retroactive
funding.
As
what
we're
doing
here
right,
you
can
use
retroactive
funding
for
other
things
in
public
goods.
It's
just
that
public
goods
are
the
most
important.
So
in
a
nutshell,
what
is
retro
pgf?
A
It
basically
says
two
things
one.
It
is
easier
to
agree
on
what
was
good
than
what
will
be
good.
This
is
this
retroactivity
we
talked
about
earlier
and
two.
It
doesn't
mean
that
a
Dev
working
on
optimism
should
wait
for
their
code
to
be
merged
and
like
it
to
be
good
to
be
able
to
pay
their
paycheck.
It
just
means
that
it's
not
the
collector's
responsibility,
it's
the
responsibility
of
the
market,
so
the
other
piece
of
this
is
to
basically
take
VCS
and
free
them.
A
Oh
yes,
so
a
key
piece
of
this
puzzle
is
that
Venture
capitalists
are
very
good
at
predicting
what
things
will
succeed
and
they're
very
good
at
what
they
do.
The
problem
is
that
they
are
constrained
because
they
need
an
exit,
and
if
you
need
an
exit,
then
you
can
only
invest
in
things
which
are
going
to
extract
value
to
provide
that
exit
so
rep.
A
Okay.
So
that's
what
we're
doing
I'll
talk
a
little
bit
about
what
is
next
for
optimism,
and
how
are
we
going
about
implementing
these
designs?
I'm
talking
about
here,
there's
a
whole
lot.
More
I
could
say
about
the
modular,
retro
pgf
and
some
really
cool
things
we're
doing
now.
That
is
very
connected
to
how
we're
building
the
tech
on
the
blockchain
side,
but
I
think
the
most
important
thing
to
say
is
that
when
you're
building
Rockets,
you
should
expect
some
failures.
A
A
A
We
have
something
called
the
reflection
period
and
we
look
at
what's
been
going
well
and
what's
not,
we
fix
the
things
that
are
not
going
well,
we
emphasize
the
things
that
are
going
well,
we
run
in
seasons,
I'm
very
excited
for
season.
Three,
it's
gonna
be
so
good.
The
last
thing
that
I
want
to
just
say
here,
as
I
close
up,
is
that
this
is
not
a
purely
charitable
endeavor.
A
While
we
now
can
see
in
the
distance
the
end
game
for
blockchain
scalability,
it
is
going
to
take
a
very
very
long
time
and
a
very
large
number
of
people
to
bring
us
to
the
technological
future.
We're
talking
about
here.
There
is
countless
Innovations,
countless
pieces
of
code,
countless
improvements
that
we're
going
to
need
to
make.
So
it's
not
just
that
we
want
to
fund
public
goods
because
we're
nice
it's
because
we
need
to
create
a
global
Collective
of
people
that
are
contributing
towards
this
technology.
No
team
alone
is
going
to
do
it.
A
No
team
alone
is
going
to
do
it.
So
we're
focused
on
the
critical
technological
impact.
It's
not
a
charity.
Hopefully,
I
convince
you
at
the
start
that
public
goods
like
solving
global
warming,
Ubi
deforestation-
is
the
right
place
to
go,
but
the
op
stack
is
the
most
important
public
good
for
us
today.
So
the
last
thing,
I
just
want
to
say,
is
like
okay.
This
is
a
big
Grand
Vision.
A
What
does
it
look
like
for
success
for
us
I
think
that
if
optimism
can
build
the
blueprints
for
the
spaceship
prove
that
these
Kinks
can
fly
and
create
an
initial
cohort
of
citizens
that
are
ready
for
whatever
comes
next
personally
I
would
consider
that
a
success
and
what
we're
trying
to
build
at
optimism
so
I'll
leave
you
with
that.
Thank
you
very
much.
A
So
I
think
that
so
the
question
was
yeah.
How
do
we
see
it's
playing
with
other
layer
twos?
What
I
hope
is
that
we
don't
and
I
I've,
certainly
I
think
that
we
can
avoid
having
negative
some
games
right.
What
would
be
really
bad
would
be
if
we
saw
a
bunch
of
layer
twos
that
we're
trying
to
basically
pay
different
people
to
move
one
place
or
another
and
just
doing
extremely
negative.
A
Some
behavior
that
doesn't
really
do
anything
so
I
think
our
goal
of
the
governance
should
be
cooperation
and
I
would
also
love
to
see
more
cooperation
like
I
would
love
for
other
layer,
two
projects
to
be
retroactively,
funded
by
optimism
for
building
code
that
we
can
use
so
I
hope
that
I
see
it
going
in
a
Cooperative
Manner
and
that's
certainly
a
culture
that
we're
trying
to
imbibe
with
optimism.
Yeah.
E
A
Yeah
so
I
mean
in
some
sense
again:
It's
The,
End,
okay,
so
I'll
go
back
to
my
my
retro
funding.
Slides,
let's
see
here
so
retroactive
public
goods
funding
is
basically
about
the
collective
as
prescribing
a
budget
to
some
thing
that
it
is
going
to
fund
in
the
future
retroactively.
So
what's
an
example
of
this,
an
example
of
this
is
dependencies
in
the
optimism
code
base
right.
So
if
someone
builds
a
tool,
we
use
that
tool
in
the
optimism
code
base
that
has
a
value
to
us.
A
It
has
an
impact
on
us
and
it
should
be
rewarded
with
profit,
and
so
the
point
is
once
we
start
using
that,
and
once
we
see
that
it
has
an
impact,
we
will
take
that
and
we
will
give
it
money.
What
this
means
is
that
a
VC
can
invest
in
the
person
building
that
tool.
Even
though
that
tool
is
not
taking
a
fee,
it
has
no
Revenue
model.
It
has
nothing
but
the
knowledge
that
it
or
the
hope
that
it
will
be
funded
in
the
future
will
allow
the
VCS
to
invest
in
it.
A
So
I
don't
know
about
disruption.
I
think.
The
point
is
to
Leverage
What
VCS,
do
really
well,
which
is
predict
outcomes
and
put
Financial
bets
behind
that.
What
we
want
to
do
is
we
want
to
unconstrain
those
investments
from
having
to
go
towards
things
that
are
profitable
because
they
extract
money
out
instead
of
extracting
money
out
of
some
system,
these
projects
will
receive
money
from
the
collective
yeah.
Hopefully,
that
helps.
F
A
Oh
get
on
the
Forum,
get
on
the
Discord
start
talking
I
mean
look.
If
you
are
a
believer
in
this
vision
and
a
participant
in
the
community,
you
are
an
optimist
and
something
the
whole
point
of
doing
these
seasons
is
that
we
have
periods
of
time
called
reflection
periods.
Where
we
don't
do
any
votes,
we
don't
distribute
any
Capital.
We
just
talk
about
what
went
well
and
what
didn't
and
everything
that's
going
on
is
out
in
the
public.
So
the
best
thing
you
can
do
is
come
get
involved.
A
G
I
said
it
was
similar,
but
yeah
I
had
a
question,
but
it
was
similar,
but
let
me
just
ask
again
so
I'm
one
of
the
projects
who
wants
planning
to
launch
on
launching
on
optimism
so
just
curious.
How
will
this
model
of
redirect
funding
might
be
affect
the
current
model?
Where
typically
go
you
apply
for
Grant
after
that?
There's
like
some
potential
VC
fundraising,
so
would
it
potentially
bring
more
VCS
early
because
or
like
maybe
you
can
give
example?
A
little
bit
would
be
great
to
understand.
A
Yeah,
so
it's
really
interesting.
There's
a
lot
to
be
said
about
how
and
we
were
thinking
very
deeply
about
how
to
make
retropcgf
work
and
work
well,
and
the
reality
is,
if
you
want
to
have
people
make
upfront
Investments
with
an
expectation
of
future
return.
You
need
to
prove
a
track
record
of
claiming
that
you're
going
to
give
out
money
and
giving
out
that
money,
and
that
is
not
going
to
be
a
one
and
done
thing.
You
could
take
a
perfectly
working
retro
pgf
mechanism
and
at
Day
Zero.
A
It
might
not
generate
any
interest
after
a
year
of
proving
that
it
does
Investments.
It
might
generate
a
lot
of
interest
so
effectively.
One
way
to
interpret
that
question
is
how
do
we
scope
the
kinds
of
impact
that
we're
going
to
reward
and
when
so,
at
the
beginning,
we're
very
focused
on
the
core
elements
of
the
op
stack,
which
are
the
technological
basis
for
what
we're
building
and
part
of
that
is
because
we
think
it's
something
more
manageable.
A
It's
a
community
that
we're
very
very
well
connected
to
it's
something
that
we
think
we
can
take
on
over
time.
We
need
to
expand
that
scope
of
impact
and
I.
Think
one
of
the
fascinating
open
questions
right
now
is
how
impact
works
on
the
application
layer,
because
clearly,
if
you're
a
project,
you
know
a
uniswap
V1
is
a
great
example
of
this
didn't
take.
Any
fee
was
massively
important,
created
an
explosion
of
value
for
ethereum.
A
That's
the
kind
of
thing
that
probably
should
be
retroactively,
funded
too
so
I
would
say
that's
a
little
bit
farther
off,
because
we
need
to
give
a
really
good
track
record
and
we're
going
to
start
with
that
code.
But
as
we
expand,
that's
going
to
be
one
of
the
most
fascinating
I
think
components
to
how
we
build
out
the
collective.
So
just
like
this
guy
get
on
the
Forum
start
talking
about
it,
we'll
figure
it
out
together.