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The Intersubjective Consensus Problem

TalkSriram, Venkatesh Rao
The Intersubjective Consensus Problem

Sriram, founder of EigenLayer and University of Washington faculty, explains to Venkatesh Rao how blockchains function as 'verifiable commitment' engines, tracing the evolution from Bitcoin's narrow commitments (coin ownership, fixed supply) to Ethereum's Turing-complete generalization, and then identifies a core gap: blockchains cannot natively verify off-chain facts like GPU inference results, asset prices, or election outcomes. He introduces EigenLayer's restaking model and 'intersubjective consensus' mechanism—using forking tokens and escalating staker adjudication—as a solution for settling social truths (e.g., oracle disputes, prediction market resolution) that fall between pure mathematical verifiability and purely subjective taste.

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