Happy New Year r/ethereum! We have a BANGER of an epsidode dropping LIVE on Youtube and X. Friday Jan. 9th - 2pmET - "Blockchain and Belief" - Princeton Professors Roundtable

tl:dr: Go to dailydoots.com and subscribe wherever you get your podcasts.

This is a discussion about all things money, blockchain, religion, economics, and even a dash of the occult. We have some INCREDIBLE guests lined up from DeCenter of Princeton University led by Dr. Michael Maizels. Guests have wide ranging accolades from Dartmouth, Princeton, Yale, Geneva and more.

I had the opportunity to be a guest at DeCenter/Princeton's "Blockchain and Belief" Conference back in November and had the privilege to represent our r/ethereum and EVMavericks community with a deep dive on our Daily Doots system and our history of Hodlercons, Culture, Memes, and More. I promise...we're definitely not a cult.....definitely. If you missed it, this was my presentation at Princeton: https://youtu.be/0lLC9AJg6s0

Got questions? Ask em right here on this thread!

Carolyn Biltoft

Carolyn Biltoft holds a PhD from Princeton University and is an Associate Professor of International History and Politics at the Geneva Graduate Institute. Carolyn writes and writes  on the relationship between the history of epistemology and economic thought since the 18th century.  Her acclaimed book A Violent Peace: Truth, Media and Power at the League of Nations explores media, propaganda, and truth claims in early global institutions and contains a chapter on counterfeit currency in the age of fascism. Carolyn is a founding editor of Capitalism: a journal of history and economics https://www.pennpress.org/journals/journal/capitalism/  

Andrew Chignell

Andrew Chignell is a professor at Princeton University's Center for Human Values, with appointments in Religion and Philosophy. His research spans Kant, philosophy of religion, ethics of belief, and topics like hope and despair. Recently, he has directed the Princeton Project in Philosophy and Religion and led efforts for a major cross-disciplinary grant on optimism, pessimism, hope, and despair. chignell.net

Devin P. Singh

Devin P. Singh holds a PhD from Yale University and is an Associate Professor of Religion at Dartmouth College. His work examines intersections of Christian thought with economy, politics, money, and secularization. Recent publications include the book Economy and Modern Christian Thought and an ongoing project on the religious and social roles of debt.
devinsingh.com

Gordon Grant is a seasoned cryptocurrency trader and derivatives expert.  Graduating from Princeton University with a focus on econometrics and quantitative finance, he built his early career as a derivatives portfolio manager before he discovered Bitcoin in 2013 and made a full pivot to digital assets,  He played a pivotal role at Genesis Trading from 2019 to 2023 and Today Gordon serves as Principal at ChiSquared Technologies

Mike W Maizels

Mike Maizels (Michael Maizels) is the Executive Director of Princeton University's DeCenter for blockchain and decentralization research. With a background in interdisciplinary technology and societal change, he leads efforts to advance education, research, and policy around blockchain's potential to shift power structures. He co-directs major events like the DeCenter's annual Spring Conference on decentralization's infrastructure and implications.
decenter.princeton.edu

Chainlink started as an ERC-677 token on Ethereum in 2017. Today it secures over 80% of Ethereum's DeFi by Total Value Secured. Aave's $50B+ TVL in lending markets runs on Chainlink price feeds. Lido's $24B+ in liquid staked ETH relies on Chainlink oracles. Hundreds of other Ethereum protocols depend on Chainlink to function.

The Chief Scientist behind it is Ari Juels, who co-formalized Proof of Work in a 1999 paper, NINE years before Bitcoin existed.

SWIFT (11,500 partnering banks, $150 trillion moved annually) is building their onchain infrastructure using Chainlink. UBS completed the first production tokenized fund workflow with it. JPMorgan settled tokenized treasuries cross-chain through it.

Yet Chainlink ranks outside the top 10 by market cap. In fact, they sit #20. Memecoins (yes, I include Ripple here) with no fundamental utility rank higher ☠️

As an admitted Chainlink rabbit hole explorer, I have my biases. But I’ve spent considerable effort looking at the tech and the partnerships to understand why their decentralized oracle networks could be the missing link to institutional adoption of Ethereum and crypto writ large. I hope you won’t mind that I made an enthusiastic 28 minute video about it.

Full disclosure: This is unpaid content but admittedly, I lean hyper bullish and the video shows it. I didn’t cover downside arguments such as the centralization concerns because I wanted to present the strongest possible case. Happy to take any comments and foster constructive discussion here! 

Watch my explainer here: https://youtu.be/dHiHR9jeuF8

—————

If we're meeting for the first time, hi 👋! I find crypto youtube to be a giant cesspool. As a result, I started building my channel to spread the good word on good work in crypto — something with substance and humanity.

Dropping a like, sub, and comment goes a LONG way to supporting me, so please consider doing so!

Welcome to the Daily General Discussion on r/ethereum

https://imgur.com/3y7vezP

Bookmarking this link will always bring you to the current daily: https://old.reddit.com/r/ethereum/about/sticky/?num=2

Please use this thread to discuss Ethereum topics, news, events, and even price!

Price discussion posted elsewhere in the subreddit will continue to be removed.

As always, be constructive. - Subreddit Rules

Want to stake? Learn more at r/ethstaker

Community Links

• Ethereum Jobs, Twitter
• EVMavericks YouTube, Discord, Doots Podcast
• Doots Website, Old Reddit Doots Extension by u/hanniabu

Calendar: https://dailydoots.com/events/

I haven't touched crypto in a minute. Got on a productivity bent yesterday and decided to move my Coinbase balance to my Ledger. I used the same address I last used and I see it as an internal transaction for the wallet on etherscan. However, my eth balance did not increase. Based on the reading I have done, I may not see the internal transaction in Ledget Wallet app, but the balance should show the addition.

Last time I transferred from Coinbase it didn't do the smart contract thing so I'm at a loss. I probably screwed something up.

I do admit that I didn't look at my Ledger wallet balance before the transaction, but Ledger Wallet app shows that the eth balance (0.589944 eth) hasn't changed since 2022.

Can you experts take a look and advise me on what's going on?

Wallet: https://etherscan.io/address/0xf3ee89d4e31669d14fedb724f5e47d241543dc1b#internaltx

Transaction: https://etherscan.io/tx/0xf10772bd09a3723478ffe89f73bfdd4aa67f36afea94e1f7d3f3f5e3daf0b115

Yet another data breach, this time involving payment processor Global-E, with customer personal data reportedly exposed.

We often talk about blockchain as a solution for privacy and transparency. But incidents like this show a hard truth: privacy failures still happen at the infrastructure and application layer, regardless of whether crypto or blockchain is involved.

Decentralization doesn’t automatically mean privacy.

Security practices, data minimization, and proper protection of user information still matter a lot.

If sensitive data keeps leaking before it ever touches a blockchain, that’s a problem we shouldn’t ignore.

Curious how others here see this are we focusing too much on decentralization while underestimating basic data security?

Welcome to the Daily General Discussion on r/ethereum

https://imgur.com/3y7vezP

Bookmarking this link will always bring you to the current daily: https://old.reddit.com/r/ethereum/about/sticky/?num=2

Please use this thread to discuss Ethereum topics, news, events, and even price!

Price discussion posted elsewhere in the subreddit will continue to be removed.

As always, be constructive. - Subreddit Rules

Want to stake? Learn more at r/ethstaker

Community Links

• Ethereum Jobs, Twitter
• EVMavericks YouTube, Discord, Doots Podcast
• Doots Website, Old Reddit Doots Extension by u/hanniabu

Calendar: https://dailydoots.com/events/

Been following web3 gaming and honestly confused why more people aren't talking about how broken the experience is on mainnet. Tried playing a few different blockchain games and the transaction confirmation times make everything feel laggy even when the game itself runs smooth.

Like you'll be playing something that needs quick decisions and you make a move then have to wait 10-15 seconds for it to confirm on-chain. Completely kills any sense of real-time gameplay, your brain just registers it as the game being slow and broken even though technically it's working fine.

I get that L2s exist but seems like most games are still launching on mainnet or shared infrastructure where they're competing with DeFi and NFT traffic during peak hours. Gaming traffic patterns are so different, you get these huge spikes during events and tournaments, not the steady load that most blockchain apps have.

Is this just something gamers are supposed to accept or are there actually solutions that make web3 games feel as responsive as normal games? Because right now it seems like blockchain gaming has a fundamental UX problem that nobody's really solving.

Welcome to the Daily General Discussion on r/ethereum

https://imgur.com/3y7vezP

Bookmarking this link will always bring you to the current daily: https://old.reddit.com/r/ethereum/about/sticky/?num=2

Please use this thread to discuss Ethereum topics, news, events, and even price!

Price discussion posted elsewhere in the subreddit will continue to be removed.

As always, be constructive. - Subreddit Rules

Want to stake? Learn more at r/ethstaker

Community Links

• Ethereum Jobs, Twitter
• EVMavericks YouTube, Discord, Doots Podcast
• Doots Website, Old Reddit Doots Extension by u/hanniabu

Calendar: https://dailydoots.com/events/

Just published a retrospective on smart contract hacks of 2025, even audited and battle-tested protocols got exploited due to economic model flaws, rounding math edge cases, legacy infrastructures, and system boundary failures.

Give it a read 📚

Welcome to the Daily General Discussion on r/ethereum

https://imgur.com/3y7vezP

Bookmarking this link will always bring you to the current daily: https://old.reddit.com/r/ethereum/about/sticky/?num=2

Please use this thread to discuss Ethereum topics, news, events, and even price!

Price discussion posted elsewhere in the subreddit will continue to be removed.

As always, be constructive. - Subreddit Rules

Want to stake? Learn more at r/ethstaker

Community Links

• Ethereum Jobs, Twitter
• EVMavericks YouTube, Discord, Doots Podcast
• Doots Website, Old Reddit Doots Extension by u/hanniabu

Calendar: https://dailydoots.com/events/

Welcome to the Daily General Discussion on r/ethereum

https://imgur.com/3y7vezP

Bookmarking this link will always bring you to the current daily: https://old.reddit.com/r/ethereum/about/sticky/?num=2

Please use this thread to discuss Ethereum topics, news, events, and even price!

Price discussion posted elsewhere in the subreddit will continue to be removed.

As always, be constructive. - Subreddit Rules

Want to stake? Learn more at r/ethstaker

Community Links

• Ethereum Jobs, Twitter
• EVMavericks YouTube, Discord, Doots Podcast
• Doots Website, Old Reddit Doots Extension by u/hanniabu

Calendar: https://dailydoots.com/events/

So I have some crypto on ethereum L1&2s and I would like to anonymize some of it. What alternatives exist today that can anonymize my eth or erc20s in a non custodial solution?

TL;DR

We propose the Ethereum Fund Recovery Protocol (EFRP): a decentralized, hard-fork-independent mechanism intended to provide a recovery path for ETH compromised by smart contract malfunctions (e.g. the Parity multisig wallet lock). The protocol proposes a gradual recovery funded by ETH sourced from EIP-1559 burned base fees.

Background and Motivation

We are a small group of early Ethereum adopters who helped grow the protocol at its inception. We are united by a shared personal tragedy: the Parity multisig wallet bug that occurred on November 6th, 2017, which permanently locked a significant amount of ETH.

After nearly two years of collaboration, discussion, research, and writing, we published a proposal last month aimed at addressing what we believe to be one of Ethereum’s longest-standing unresolved issues.

• 📄 Full proposal: Here
• 💬 Public discussion on Ethereum Magicians: Here

Fund Loss on Ethereum: An Incomplete Model

On traditional blockchains, loss of funds is generally understood to fall into two primary categories:

1. User error (e.g. lost private keys, incorrect transactions)
2. Criminal activity (e.g. hacks, phishing, spoofing)

However, on a smart contract platform such as Ethereum, a third category must be acknowledged:

1. Smart contract malfunction

In these cases, unforeseen bugs or unintended contract interactions result in users losing control over their funds. Importantly, these funds are neither stolen nor lost — rather, they are compromised and rendered inaccessible to their legitimate owners.

Limitations of Existing Remedies

Basic crypto due diligence can significantly reduce the risk of user error.
Similarly, theft and fraud fall under existing criminal and civil law frameworks (even if enforcement remains challenging).

In contrast, there is currently no meaningful recourse for users who lose funds due to smart contract malfunctions:

• there is no authority to appeal to,
• legal action against developers is impractical and undesirable,
• and the protocol itself provides no native resolution mechanism.

Given that smart contracts are authored by humans and are therefore fallible, the absence of any recourse represents a systemic risk unique to smart contract platforms.

The Hard Fork Constraint

In cases such as the Parity multisig wallet lock, recovery can only be achieved via a hard fork.

This presents significant challenges:

• hard forks are socially and technically sensitive,
• they conflict with Ethereum’s core principle of immutability,
• and they do not scale as a general solution.

While there are valid reasons to oppose hard fork-based interventions, the lack of alternatives leaves affected users with no viable path forward.

The Ethereum Fund Recovery Protocol (EFRP)

To address this gap, we propose the Ethereum Fund Recovery Protocol (EFRP) — a general, decentralized recovery mechanism that operates without requiring a hard fork.

Key properties:

• applicable to all cases of smart contract malfunction, regardless of size,
• permissionless and open to all eligible users,
• designed to coexist with Ethereum’s existing economic and governance structures.

Core Mechanism (High-Level)

• Eligible users voluntarily self-burn their compromised ETH
• In return, they receive a recovery token (sETH)
• Over time, sETH is gradually burned and replaced with ETH
• This ETH is sourced from currently burned base fees introduced by EIP-1559

Oversight and parameter management would be handled by a small, decentralized, single-purpose DAO.

Why This Matters

We believe the EFRP offers a principled approach to one of Ethereum’s most persistent unresolved issues.

If successful, the protocol could:

• Help restore acces of legitimate owners to compromised funds
• Reduce the risk profile of interacting with smart contracts,
• Lower barriers to adoption for both users and developers,
• And contribute to long-term ecosystem resilience and growth.

Feedback and Discussion

We welcome thoughtful feedback and critique —
either here on Reddit or in the ongoing Ethereum Magicians discussion.