2023-09-04

⚖️ Justice on Ethereum: What's the Buzz?

September 04, 2023

Howdy friends,Come with me, and you'll be...in a world...

Sorry, I just had to get that out of my head....it's been stuck there all weekend

👮 Ethereum's Justice Vision
⚖️ Gala's Hefty Lawsuits
🥊 Ethereum vs. Solana?

💡 Matter Labs CEO Floats ‘Ethereum Supreme Court’ Idea

The courtroom, normally full of gowns and gavels, might find a digital sibling on the Ethereum blockchain if Alex Gluchowski gets his way.

As the CEO and co-founder of Matter Labs, Gluchowski recently proposed the intriguing concept of an "Ethereum Supreme Court."Much like a computer playing chess against itself, this digital justice system would settle on-chain disputes without human lawyers.Not a bad idea! What was it John Keats said about lawyers?"I think we may class the lawyer in the natural history of monsters." 👹

To better grasp this idea, imagine two familiar protocols, Aave and Uniswap, arguing over a virtual disagreement.Their squabble would first hit a court such as CourtUnchained or JusticeDAO. If still unresolved, it'd escalate to the Ethereum Supreme Court, much like taking a case from state court to the U.S. Supreme Court.However, this virtual justice won't come cheap.Like regular lawyers then? 🙄According to Gluchowski, only disputes of significant gravity—like a major glitch in a DeFi protocol—would reach the top.While the concept is intriguing, Gluchowski acknowledges that it would require broad community support.But, if successful, Ethereum's digital courthouse might soon be in session.

Jobs of the Week!

Blockchain & Digital Assets ManagerDeloitteAustin

Deloitte seeks a Blockchain & Digital Assets Manager with 5+ years in public accounting. The role involves overseeing engagement teams, addressing accounting issues, proposal development, guiding overseas resource integration, mentoring staff, leading various audit and advisory tasks, and staying updated with market trends. Requirements: a Bachelor's in accounting or related field, 2+ years of team management, CPA certification, strong communication skills.

Blockchain EngineerBlockdaemonNew York$150,000 - $250,000 a year

Blockdaemon seeks a Blockchain Engineer to develop cross-chain services as part of the Innovation team. The role involves crafting smart contracts, enhancing secure cross-chain communication, and leveraging the latest on-chain innovations. Candidates should have 5+ years of full-stack software engineering, proficiency in Golang or similar languages, experience with Solidity and Ethereum smart contracts, and familiarity with cloud infrastructure. The role offers autonomy, the chance to work on cutting-edge technologies, and to significantly impact the multi-chain landscape.

Senior Financial Institution Policy AnalystFederal Reserve Board of GovernorsWashington

This role involves designing in-depth quantitative and qualitative analyses, leading projects, liaising with domestic and international agencies, and mentoring junior staff. Analysts interpret and implement policy, conduct financial analysis, identify emerging risks, and manage consumer-focused supervision across the Federal Reserve System. Requires a bachelor's degree in finance, economics, or related fields and 6-7 years of experience or a master's degree with 5-6 years of experience. Travel is necessary.

🕹️ Gala Games Co-Founders Feud Over Alleged $130M Theft

When two giants of the blockchain gaming world decide to play tug-of-war in court, the results promise to be explosive.

Wright Thurston and Eric Schiermeyer, co-founders of the renowned Gala Games, are currently starring in a courtroom drama that would put prime-time TV to shame.

In a scene worthy of a detective thriller, Schiermeyer accuses Thurston of orchestrating an elaborate heist, allegedly moving $130 million worth of Gala’s GALA tokens into a myriad of digital wallets before selling them off.Picture it: digital footprints scattered across the internet, millions disappearing into the shadows.Yet, the plot thickens, Thurston delivered a counterpunch, suing Schiermeyer for allegedly squandering millions on frivolous endeavors and lining his pockets with company funds.So, basically a high-stakes school yard fight! 🥊

The two opposing tales are as different as night and day. Both, however, are demanding a jaw-dropping total of at least $750 million in damages.Or...could there be a plot twist...everyone knows there's ALWAYS a plot twist!! 🥨As the gaming universe watches with bated breath, only time will determine which founder's version is more than just a game of fiction.

👋 Buterin Leaves MakerDAO Amidst Solana Transition Talks

When the very framework of Ethereum, the giant blockchain platform, is questioned, you know things are getting intense.

Vitalik Buterin, the co-founder of Ethereum, has decided to make a flashy exit from his position at MakerDAO....in fluffy unicorn trousers and a fetching man bag? (Just a guess!) This is like Mozart leaving the Vienna Symphony right as they're about to switch up their music sheets.

His exit comes on the heels of some intriguing news.MakerDAO's captain, Rune Christensen, has hinted at a potential courtship with Solana's blockchain.It’s like swapping out your classic vinyl collection for a hi-tech sound system. The reason? Solana boasts a modern technical setup, proved its mettle during the "FTX crash," and has promising projects like the Pyth Network under its belt.Is no one going to mention the well-documented outages and restarts? 🙊

MakerDAO's prized jewel, the dai stablecoin, while impressive, still dances in the shadows of the goliath Tether (USDT).As Buterin bids adieu, the crypto world watches to see if MakerDAO's compass truly points towards Solana or if other horizons like Cosmos catch its eye.