No, I did not actually do meditations on it. I am just stealing part of the title from the “Meditations on Moloch” (unfortunately, the blog where it was published has been taken down literally a day ago, but you may be able to find some copies if you want). And no, I do not want to compare Gitcoin Grants with Moloch either, though that would be cool.

Assumptions and Purpose

Firstly, I need to keep reminding myself that Gitcoin project did not start with grants. It started as a platform to assign bounties for work on open-source projects. I do not have any stats on how well this has been going. But at some point, Gitcoin Grants project appeared, and I can understand the rationale — many projects cannot or do not want to run their work flows via Gitcoin model — for example, it would not work for my project. …

Last time I wrote about it end of October 2019: here. Recently we (turbo-geth team) decided to re-run the data collections. We hit some road blocks, like not syncing past Istanbul, running out of memory, trying to do it over remote database connection, and finally it is completed.

As before, there are 2 charts, this time starting from the block 8m.

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Accounts created per block (blue) vs block gas limit (red)

We can also try try to see what that spike at the end looks like closer:

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Accounts created per block (blue) vs block gas limit (red)

Fun fact — the block gas limit did drop back to 8 million for about 2 days around the Istanbul transition.

It is a bit early to say, but I do see higher rate of new account creation, we will see if it will be sustained. …

I should have written this long time ago, but it is never too late.

The last published version of the State Rent proposal was number 3, and it was quite a while ago, back in February 2019.

After publishing it, I started to think about how one could realistically deliver such a project. And, very early on, it has been identified that one would definitely need something I call “ecosystem research”. What is it?

We knew from the very beginning of the State research (from the very first proposal, published in November 2018) that introduction of the proportional state rent on the contract storage (“proportional” meaning that contract gets charged rent proportionally to how many storage items it uses), would make most of the currently existing smart contracts vulnerable to “ griefing” attacks, whereby someone can at a small fixed cost make contract pay some amount of rent in perpetuity, eventually leading to the demise of that contract. …

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