so will @eigencloud eventually make most smart contracts irrelevant? let's say I want to verifiably compute a company's preferred stock waterfall for dividends, buyouts, etc today I could put those rules into a set of smart contracts and have a bylaw or COI article that says ~ "distribute liquidation proceeds through this smart contract" with eigencloud I could just compute it in excel or something and send a proof it is correct way less need in the future for smart contracts? or am I missing something? i remember this is how some BTCers thought Ethereum should always have been designed , with basically very little onchain execution @sreeramkannan what are the tradeoffs and (ducking preemptively) how does this factor into the boogeyman of ethereum alignment?

No. Eigencloud itself uses smart contracts eg restaking and redistribution. Where you want to add verifiability properties of smart contracts to computation requiring cloud scale resources, you need Eigencloud.