John deVadoss is the Co-Founder and a Guest Poster of InterWork Alliancez.
The Crypto universe is obsessed with generative artificial intelligence, and the concept of “Agents,” Putatively powered with crypto “rails” Smart contracts on the chain can be coordinated. The reason this is a bad idea is that you cannot create smart contracts on the chain. “Agents” On the stochastic rapidsand of a Large Language Model. LLMs can play a part in the generation of creative ideas (such as code) and content. However, this same creativity is manifested through malicious behavior. Caveat venditor.
It is also in vogue to discuss quantum computing—towards post-quantum encryption and “futureproofing” Using crypto protocol. Yes, elliptic-curve encryption, in its current implementation, poses a threat. However, a large portion of the surface is only subject to threats on a polynomial level. Access to quantum is likely to lift all boats. Here’s the crux: quantum computing in real life is still a few years away. Hakuna Matata.
The core priorities of design, trade-offs, and choices are being neglected and at risk. “good enough” It is time to aggressively examine them. Below I have listed 10 examples.
- Social Consensus. The concept of a crypto currency is if ever anachronism within the ecosystem. “Social Consensus” It is exemplified by a reputable company. The Social Consensus, which is the way so-called clan leaders govern their clans in 2025, has no place within a crypto protocol.
- On-chain governance. What happened to the on-chain government? Too difficult? Were we just giving up? We still believe that we can regulate AI Agents in-chain.
- Miner-extractable Value.Does it seem acceptable to you that block proposers and miners can manipulate how blocks are rearranged, altered, rearranged in order, or manipulated by manipulating the transactions?
- The Oracle Problem. Is it common knowledge that oracle problems are economic issues and no longer technical? This is a collateral damage of the move to Proof of Stake. And isn’t this a slippery slope back to pseudo-centralization?
- Stablecoins centralized. Talking about centralization—aren’t centralized stablecoins essentially CBDC-lite? Why are (private), centralized stablecoins regarded as a threat to Central Banks, but the opposite is true?
- Settlement layers; L1s vs. L2s.It is not possible to have a L1 and an L2 at the same time. By posting ledger information and using a bridge contract, any chain (including the so-called alt L1s or L1s), can become an L2 in another chain. It’s time to clear up our terminology and stop confusing each other.
- The Privacy of Your Own Home. We have somehow lost our Cypherpunk spirit and privacy imperative. The concept of privacy pools may be a way to balance crypto protocol compliance with privacy. It will, fwiw be an excellent use of zero knowledge proofs.
- Roll-ups. Rollups are, in practical terms, mini-blockchains when done properly. Unfortunately, they have flown mostly under the radar and gotten away with a host of issues—from multi-sig rug-pulls through to centralized sequencer MEV and CR, and all the way in between. It is time to clean up the terminology, and execute semantics in relation to rollups.
- The centralization of block building and stake-out. As we move towards Proof of Stake (or Proof of Stake), both block building and staking are becoming more centralized. As private order flow dominance increases, censorship resistance is weakened. We are back to square one: where is the trustless, permissionless society? Were we just as concerned about the increase in numbers?
- Public goods funding. The longer-term question and challenge of financing public goods is raised by the Number goes up. It is still a priority for crypto protocol to continue playing a significant role in the funding of public goods. This is an item that should be high on the priority list.
Posted In: AI, Crypto, Featured, Opinion Author
John deVadoss
John deVadoss serves on the Global Blockchain Business Council’s Governing Board and is the co-founder of InterWork Alliance.
@john_devadoss LinkedIn Email John Editor
News Desk
CryptoSlate offers a comprehensive source of crypto-related news, insight, and statistics. Focusing on Bitcoins macros DeFi and Artificial Intelligence.
Twitter Email Editor @cryptoslate CryptoSlate Substack cryptoslate.substack.com
Get the latest crypto news and insights delivered to your inbox every day. Don’t miss a thing.
Join our 90k+ Subscribers
The Latest Press Releases
View All
Wall Street Pre-Sale Platform Reaches Milestone of $45M for New Trading Insights Platform
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.