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Welcome back to The Gwart Show! Today, Christopher Goes, early Ethereum contributor and IBC protocol creator, joins us to talk about why Ethereum failed as a world computer, the organizational chaos at Cosmos (including a CEO who declared himself Jesus), privacy solutions like Narmada, intent-based systems, and how crypto shifted from idealistic public goods to pure attention-driven capitalism.
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Notes:
• Cosmos Hub generates zero revenue still
• Bitcoin was $1 when Goes started mining
• Anoma synthesizes Ethereum, Cosmos, Zcash
• Wyvern protocol was OpenSea's backup
• IBC connects all Cosmos chains today
• Signal adoption shows privacy step functions
Timestamps:
00:00 Start
00:57 CW background
04:41 Early days of Ethereum
08:17 Cosmos
09:56 IBC protocol
10:16 Cosmos: God, Bad & Ugly
14:09 App chain thesis
15:17 Anoma
21:19 Intent-centric design
24:08 Ellipsis Labs
25:09 Namada
26:35 Goal of Namada
28:46 Anonymity set
30:44 Open ledgers vs privacy
36:15 Traders want privacy
37:20 Blockchains & the surveillance state
38:51 Evolution of ETH theory
42:48 ETH fails at "global computer"
45:02 Source of failure
47:37 L1 vs L2 scaling
51:30 The state of interoperability
59:02 People following incentives
1:03:34 Innovation fragmentation
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