Wu Shuo learned that Paradigm data researcher Storm tweeted that Ethereum is a Trojan horse. When institutions adopt Ethereum, they unknowingly hegemonize its core principles of decentralization, transparency, and open-source software. In response, Ethereum core developer Tim Beiko stated that if we want things to unfold this way, it would be a good idea to provide tiered standards similar to L2 or types like zkEVM for applications built on Ethereum. We should define 'Schelling Points' for different levels of trustlessness to encourage well-intentioned institutions to move in these directions. More specifically, when 'putting something on-chain,' the range is very broad, from 'regularly publishing hashes' to 'everything being fully verifiable with rights enforced by smart contracts.' Different users will require different configurations, but we can define an ideal version for each configuration. If this approach is widely adopted, it will make it easier to communicate relevant information to end-users, such as telling them that what they hold is 'Class 3 RWA' or that the 'decentralized social application' they are using is designed as a 'Stage 4 on-chain application,' etc.

#ETH