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D
And they could.
C
I'm never going to be able to see Twitter as a web two siloed attestation network. I'm always going to be able to see that. Steve, something you just said I really want to double down on. Whereas like you have this primitive east and maybe you have a form factor for attestations, call them tweets. And then we just have...
A
Yeah, exactly, exactly.
D
And we want to be able to, as users choose what we're consuming, right? Like today we get fed the content based off of our own, like eco echo chambers in Twitter. Right? But what if we want to filter for like, I wonder what this lana ecosystem is up to or like these different narratives. Like if you actually could just...
B
What about this? At this point in the conversation, somebody, some listeners are probably getting nervous because not once have we talked about privacy, right? And we're talking about all these attestations and of course, your on chain address holds assets. And I mean, like, how does privacy fit into this conversation?...
A
Yeah. So, like, in general, the way we tell people what to attest, like, if you're going to put something on chain, like, you obviously don't want to put any private data, right? Say like Coinbase wants to do a KYC attestation for a particular address. Maybe there's some like a uniswap, but only for securities. And in ...
B
Gary Gensler Seath address would have to sign off on that.
A
Yeah. Coinbase is attesting to your KYC, for example. They don't need to attest to who you are. All they need to do is say that this address has passed the test, right? So all they're saying, so maybe you would have, the schema has passed KYC, and then it can just be true, right? Another entity can use it, too. And so ...
D
Yeah, we have a lot of hackers that use AE's that were creating zkps off of attestation data, which was really cool to see so you could still preserve who your identity was for a credible attestation. But then we also received a lot of positive feedback on that merkle tree approach just to selectively share information...
A
And also with Cismo, for example, you can use, Cismo is integrated with ease, make zero knowledge proof. So I can say, for example, that I have an attestation of a particular thing without revealing which address actually has it, just that I own it.
C
Not too long ago, we did an episode with the sign in with Ethereum team, and I see a lot of overlap between sign in with Ethereum and Eas. Maybe you guys can talk about where these platforms do overlap and if you guys are working together. But why am I getting such a strong vibe between this episode and our sign in wit...
A
I mean, I wouldn't say that we overlap much in the sense that you sign it with Ethereum and you sign a message with your wallet and then it's verified on the server. You can say that you're attesting that you are the owner of this key, but just that's the only thing you're testing with in sign with Ethereum. It's not l...
B
I think it's similar in that it's permissionless, it's open source, there's no token. I think, in those ways it's similar. And it's also similar because you're using a private key, your ethereum private key, for something that is just feels kind of web two y and like that is not a financial use case.
D
And we've chatted with the spruce id team quite a bit and in those discussions nothing felt like competitive at all. It's more just complimentary and like where attestations beyond signing into something, you know, could make sense.
C
So how are you guys funded if you guys have no token, no vc capital? Like where does, how do you guys pay your bills?
D
Yeah, so eas has been bootstrapped today. We have received grants. So like one of the key things that we're trying to solve right now is around like schema coordination, right? Like how if you have all these like schemas being created, how do we actually help people organize around the right ones? So optimism just gave...
C
Well, the being the attestation layer as a public good for the op stack and the optimism collective combined with optimism's retroactive public goods funding, if you, if we can just smash these two things together and fund public goods from now until infinity, that would be one of the, the bull cases for Ethereum and t...
D
We're live on. So Gitcoin grants, like their round 18 is live right now. So we're actually, we have a page that's up for that, for quadratic funding there. And then really just like the way that public goods get funded through these mechanisms is through impact. And so like being able to just build useful applications ...
A
You know, we've really, we've been around in the space, like I've been in bitcoin actually since 2011 and I built some of the first bitcoin wallets, like the first ever chrome extension wallet in 2013. You know, I really like Vitalik. Vitalik was actually a advisor at the time. And you know, like, I've been building in...
D
Really important for us to see adoption with ease. Then we just, like any other builders, can start to build really amazing for profit businesses. But for now, like this, to become a standard, we have to, like, keep it credibly neutral and make sure that ethos never changes, because then we're just going to end up in t...
B
I think we've talked about a lot of other identity, I guess, providers in this space and sort of the overlaps. We talked about worldcoin, we talked a little bit about this idea of proof of personhood. And I think it's pretty clear that those sorts of identity solutions can be attestors on top of something like eas. One...
A
I remember actually, Vitalik, I think it was in 2020, announced soul bound tokens at ECC. And I think it was like the wrong solution, right? Because the point of, you know, NFTs became really popular. Everybody built, like, into their wallets, the ability to view nfts. Etherscan adopted it, right? And so when people th...
B
You guys are bearish on soul bound tokens as kind of a concept.
A
Yeah, I would say, like, you know, there's no such thing as anything that's. There's no such thing as a soul bound token, because I can. I can just sell you my private key, and now it's not soulbound to me anymore.
B
You can always sell your soul. I guess.
D
You can sell yourself.
B
Great.
D
Yeah. I think a lot of devs. A lot of devs were just building with SBTs because they're, like, the existing solution. But if you talk to a lot of engineers in the space today, they just see it as, like, it's just a little too clunky, like, if you do have something a little bit more elegant. But it's not that they were ...
B
Okay, well, I feel like we very much haven't reached into kind of the age of attestations or the age of identity across crypto. I mean, the first ten years of this whole crypto project since you've been here, Steve, it's all about. Been about the kind of the property rights layer and then sort of the money layer and th...
A
If so, what's amazing now is we tell the story about eas to developers like seasoned ctos who don't even know who I am or that I've been in this space. They hear about the idea and their eyes open really wide because they get it. No one's really thought about identity this way. We don't know anyone else that's thinking...
D
The narrative is definitely shifting towards non financial use cases and I think that we're helping solve a lot of the edge cases to get builders building faster. And so I think like it's exciting to see like just through the hackathons, how many people have actually like explored use cases we haven't even thought of. ...
B
Well, that's great, guys. I think we'll end it there. Really exciting project and thanks for giving us a tour into why attestations are so in part important for, for crypto. We appreciate your time.
A
Thank you.
D
Right, David, pleasure. Thank you. Thank you all. Thanks. Bankless community too. A lot of fun seeing it grow over the years.
B
Bankless nation, some action items for you today. We'll include a link to the EAs website with the docs in the show notes. Also view our episode. David mentioned it. Sign in with Ethereum. Unrelated, but also related in some ways spiritually related. This of course is a public good. Open source, permissionless, tokenle...