paulfaecks

Everyone, I am the uncle. In the world of cryptocurrency, CEO interviews are often a 'script' written for VCs, while the details in the protocol code are the real 'ledger'. Recently, the uncle revisited the interview of Plasma CEO Paul Faecks at the launch of the mainnet, comparing it with the mainnet subsidy data and settlement agreements we have on hand. This stablecoin war, which claims to consume the global GDP, has reached what point? Today, we will do a reconciliation.

Chapter One: About the 'Stablecoin Track' — The Physical Landing of Settlement Machines
Paul has shown great aggression in interviews, emphasizing that Plasma is not about creating the fastest chain, but about establishing a global commercial 'stablecoin track'. He aims to address the pain point of inefficiencies in traditional bank settlements.

Everyone, today the detective won't tell a story; we will directly break down the technical underpinnings of Plasma (XPL). What we want to see is, when this high-performance architecture is running, who are the real beneficiaries?

⚙️ Technical Testing: Reth and sub-second settlement
Plasma chose Reth (Rust-based Ethereum client) as its execution layer. This is a highly forward-looking technical choice.
* Fact: Reth can provide extremely high data processing efficiency. Plasma achieves sub-second transaction finality through this.
* Detective's Perspective: The technical advantage is certain, but high performance also means 'speed is power.' In the absence of sufficient decentralized verification nodes, this high performance often comes with significant centralization risks. If extreme market fluctuations occur (such as the major unlock on July 28), this system's control is entirely in the hands of the officials and certain market makers.