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Finding our Identity Block by Block

Finding our Identity Block by Block

A couple of weeks ago, I remember watching a video by DJ Trev about constructing foundations of a house. The inspiration of a home is crucial element of your complete structure. It serves as the bottom upon which all the pieces else is built, and provides stability and support for your complete constructing. With out a solid foundation, your complete structure is susceptible to collapsing or becoming unstable.

The issue that we appear to be facing is that we try to construct this foundation and find our identity on sinking sand. Up to now couple weeks, day-after-day seems to bring latest challenges and obstacles to the ecosystem that pulls the bottom out from under us. Our proximity to regulatory enforcement actions and collapsing financial institutions are earthquake-like events that we’re having to endure.

It’s during these times – once we are shaken to the core – I’ve been forced to reflect on who we’re, what’s our price proposition, and where we aspire to go. I’m reminded of Alex Forshaw’s January article about LUNC’s product-market fit. UST was once Terra’s defining product, but faces massive financial and regulatory headwinds. Can we go down that path again? Over the past several months, I even have been interested by my role in all of this and would really like to share my struggle embracing my/our identity and easy methods to innovate in light of this.

The Cosmos Identity — Web of Blockchains or Fat Protocol

The thought behind app chains is to create specialized blockchains tailored to particular use cases or applications, moderately than having one-size-fits-all blockchains like Ethereum. This enables for higher scalability, security, and customization, as each app chain will be optimized for its specific purpose. Cosmos facilitates the creation of those app chains by providing tools like Inter-Blockchain Communication (IBC) protocol that allows communication and transfer of assets (and accounts!) between these app chains, enhancing the utility of your complete ecosystem.

Nevertheless, to this point, the “fat protocol” thesis has played a dominant role. The fat protocol thesis envisions a single, comprehensive blockchain that supports every kind of applications and use cases that drives demand for the native token and protocol. This concept is comparable to early days of the web when some believed that a single supercomputer was one of the best approach and everybody else would just open a distant terminal on that central machine. In actual fact, lots of the blockchains within the Cosmos aspire to do similar things, and thus, there doesn’t appear to be much of a transparent differentiator on the protocol level. The decision for utility on LUNC similarly seems to bolster the drive for the fat protocol, where Terra Classic can support many various L2 applications on top of the L1 layer. I don’t need to downplay the importance of this. Getting the chain upgraded with the most recent cosmos and wasm support is completely critical to LUNC’s future; nevertheless, on condition that the concept of application-specific blockchains is a core principle within the Cosmos ecosystem, exploration of different approaches to the fat protocol are warranted.

The LUNC identity — Meme coin or Utility chain

While this conflict can grow to be heated, and sometimes brings out the worst in us, there may be also a possibility if each side can accept our identity and use one another’s strengths. Bringing utility to the chain requires developers and development teams to construct here. This requires investment within the infrastructure, dapps, and L1 layer. This also requires incentivization for teams and projects to construct here. This thesis requires funding that appears to be in conflict with the burning of potential funding. Alternatively, the burn drives increased visibility and interest, and promotes a beautiful investor narrative. The meme-ness creates decentralized growth, with highly engaged community-driven initiatives. While there are a couple of builders on chain, given the present state of our ecosystem, it might be fair to say we’re a meme coin that’s working to evolve to incorporate more use cases and utility.

But for the past two years, I even have been obsessively moonlighting on this planet of blockchains. At first, it was constructing GPU miners and gaining an understanding of code bases. After the collapse of UST, I became way more involved with Cosmos and Tendermint, deeply diving into the applying level, network components, and consensus mechanisms. I’ve been working on the L1 team and contributed to 5 chain upgrades prior to now yr. After I introduce myself to people I meet, I often times throw within the proven fact that along with machine learning, I also work on blockchains.

So here in lies my identity crisis, where step one is to be honest to myself and people around me. I’m effectively a A few of chances are you’ll disagree with this sentiment, which I respect, but that is what I feel for the time being. Let me emphasize that none of those are inherently “bad”, it’s just not where I assumed I can be today once I launched into this journey with all of you almost a yr ago. After introspection, I’ve also noticed my interest and excitement waning, and my intrinsic motivation decreasing. Personally, this isn’t where I would like to be so — I even have decided to take actions to alter my identity.

Innovating on our Strengths

Alternatively, there isn’t a lack of compute power on the blockchain. The computing power used to run Bitcoin is around 40–50 exahashes per second. This several orders of magnitude greater than the computing power of the world’s strongest supercomputers combined. Although
the Bitcoin network utilizes specialized single purpose hardware which can’t be repurposed, the Ethereum network was the most important GPU decentralized network on this planet and the computational power available on this network was undeniably massive in scale. But roughly 80% of Ethereum miners have gone offline following the Merge as a result of unprofitability when the hash rates overwhelmed other PoW chains. This compute still exists, but stays untapped. Can we someway capture this network for AI?

Given my expertise in each ML and blockchain technology, I even have gained unique insight into a perfect convergence of the 2. I’m excited to share a research project I even have been working on, a Cosmos Proof-of-Stake machine learning application specific chain that decentralizes the ability of AI. I even have developed a custom machine learning Cosmos module that interacts directly with the Layer-1 infrastructure to tap into the compute power beyond the consensus layer. By retrofitting proof-of-stake validator nodes with high powered GPUs, we are able to utilize these nodes to supply access to state-of-the-art machine learning models for anyone interacting with the blockchain. I even have been in a position to repurpose my Ethereum miners by upgrading the RAM and SSD disk space (the 1x PCI-E risers are high-quality). With interchain block communication (IBC), and interchain accounts, LUNC users can have access to a collection of the most recent machine learning advancements. While I’m still determining details, using the app chain thesis, I can develop and iterate at lightning speed. Below, I’m demonstrating a few of the capabilities already built into the app chain hosted by multiple testnet validators.

StableDiffusion on TestNet
Tx of the “MsgGenerateim” within the custom Cosmos Module
prompt: 126 danish homes, village, night, electricity, lights, photorealistic, stable diffusion 2.1 on Cosmos App, validator #1, gtx 3090.
prompt: portrait art of blade runner 8 k ultra realistic, lens flare, atmosphere, glow, detailed, intricate, filled with color, cinematic lighting, trending on artstation, 4 k, hyperrealistic, focused, extreme details, unreal engine 5, cinematic, masterpiece, validator #2, gtx 3080ti cluster of 4, seeds parallely distributed to different GPUs.
Audio diffusion to different styles, HipHop shown.
Current state of development — some generative AI commands enabled within the Cosmos module
Interface with ChatGPT, and demonstrating the power to encrypt prompts for privacy, UI is being built
Repurpose 3080ti rig Ethereum miner for Cosmos ML, just add HD space and RAM

Within the short term (next 3–6 months), I’m planning on constructing and releasing a public beta. Long run, the goal is to have a blockchain that will be used to perform large scale distributed learning across many nodes. We will potentially take care of the intractable nature of a few of these large industry monopolies surrounding large language models and foundational image models. We’re also privacy preserving or federated learning techniques and SNARK verification of the ML models. The tokenomics of the side chain will probably be especially necessary to contemplate for LUNC. How can we utilize the app chain to assist fund LUNC development, help reduce the availability of LUNC and UST, increase utilization of LUNC, and incentivize miners to contribute their compute. I’m in talks with seasoned experts to get this part right from the beginning.

In summary, I’m flipping my script and forging a latest identity for myself to align with a vision where I can have best impact. My personal goal and contribution to this community has shifted to drive a recovery narrative that iterates on the identity and strength of Cosmos, Terra Classic, and my very own personal experience.

A variety of things must go right for this to capture sufficient traction and network effects. But, if the celebs align, I foresee LUNC could grow to be a Chimera blockchain cryptocurrency that may be a mixture of fat/app, meme/utility, and ML/Cloud/Blockchain that has never existed before, with a large utility value proposition. The good thing in regards to the app chain thesis, is that other community members can drive their very own recovery narratives and assist in their very own way, i.e. USTC.

Other App Chains for USTC

Given the ever-changing regulatory environment, especially given the proximity of Luna Classic to recent enforcement actions, we’re proposing that it’s now necessary that the Terra Classic DAO (decentralized autonomous organization) retain legal counsel to advise a few of the core contributors and the broader community about best practices and basic corporate structuring to make sure that we are able to operate efficiently while maintaining our decentralized structure. Because there isn’t a centralized authority, the legal representation of the DAO will should be structured in a decentralized, democratic, and highly collaborative way.

As mentioned before, internal structures and teams have been arrange to construct the inspiration, but with the recent developments within the regulatory environment, it has grow to be increasingly necessary for Luna Classic to align its internal structures and proposed ideas to the external world. We consider that the community is increasingly realizing the necessity to limit potential legal risks and structure ourselves with a view toward long-term sustainability. This may even enable the community and protocol to

Next Steps

  1. Re-focusing all of my efforts to construct out the ML Cosmos App Chain for beta release in the subsequent three to 6 months. I’ll likely be asking the L1 team for help when needed.
  2. Help gain consensus on eXperimental team (“X” team) to work on USTC issues that may innovate quickly via additional App Chains. If that is the trail they need to go, I’ll volunteer to help with app chain level technology.
  3. Continuing funding L1 team in Q2 to upgrade Cosmwasm and IBC Interchain Accounts. I’ll volunteer to assist when needed.
  4. Omit TGF operations to Marco. TGF report on activities, spending, and future plans will probably be shared later this week.
  5. Gain consensus from the community on legal representation.
  6. Iterate and Innovate to seek out and deploy LUNCs value proposition.

I imagine now we are able to “move fast and break things” on app chains safely firewalled to Classic, and see where the longer term takes us.

prompt: “People moving fast and breaking things”


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