Thread by @redphonecrypto

Are you an $ETH lover who feels disgusted by growth outside of $ETH?

I say you’re focusing on the wrong thing

5 years from now... maybe less... most people won't give AF what chain anything is on

They’ll buy your $ETH on Polkadot

Or maybe even a $BTC sidechain

More 👇

All chains are gloming together like Lisa’s money-saving bar of soap

But there will be a network that transmits the vast majority of the world’s value

And one factor will matter above all others on that network:

Trustlessness

It must be decentralized

It must be passably performant, yes

But there's no need for it to process trillions of tx every nanosecond because small or unusual transactions will migrate elsewhere

Another factor: the world's leading value-transfer network must be easy to build on

Maybe that disqualifies $BTC

And plants a flag for #ethereum

Or at least for an EVM-compatible network

It has the tooling. It has the users. And most importantly, EVM has the devs

I know a lot of you don't care about devs

But I do

And I say EVM has the developmental moat

But EVM obviously isn't exclusive to #ethereum

#binancesmartchain has shown us that

#polkadot will show us that

And probably every chain will have EVM-compat in some form or fashion in a few years

Like javascript came to dominate the 2010s, EVM-compatibility will dominate the 2020s

If there's on thing the market seems to be underweighting right now, though, it's Binance's ability to dominate the entrance or on-ramp to defi

It is the world's biggest exchange. It has the most users

Its invested tens (hundreds?) of millions into cloning everything ethereum has to offer (often w better tokenomics)

If users go to you to convert their fiat into crypto, you get to show them where to go next

You have golden keys to the golden kingdom

I’ve said before and I’ll say it again, there will be more people entering crypto in 2021 than the previous 12 years combined

These people have no idea about the difference bw #ethereum and Binance Smart Chain

We forget they are just beginning their journey

We must be good stewards. We must educate them

Anyway, wtf does all this spewing mean?

It means Binance Smart Chain is going to continue growing whether you like it or not

It also means FTX has a similar opportunity

It also means that if you're building on $ETH and "have plans" to get on an L2, you'd better hurry the f up

If you have L2 on your roadmap, and you haven't bumped it to the top of the list, I don't know wtf you're doing

Might be a good idea to abandon your project and work on something else

The moat = EVM

And EVM = everywhere

You may say to yourself that Binance Smart Chain isn't doing anything important

I say even if it’s "just" giving someone double-digit yields on a stablecoin, it's doing something life-changing & monumental

The fiat system = rekt

Stocks = overvalued

Bonds = negative yields

The world is utterly starving for yield

...

Now, there's definitely some hot money on BSC

That will move over to farming $ETH L2s and $DOT plays

But I also think there's new money flowing into BSC defi for the first time (i.e. people who have traded on binance but who have never really done self-custody)

CZ loves it. I view it as an existential thing for him... BSC = his grand exit before regulators get too heavy-handed

The biggest pain point right now is getting $BNB into the hands of non-binance users who hate centralized exchanges (basically $ETH maxis)

$RUNE will solve that, and the ecosystems will really start to blur

I'm intrigued by all these platforms that support farming on multiple chains simultaneously. They're evidence that the walls between blockchains are breaking

The breaking will get louder

It will accelerate

I keep thinking if you want to know what the rollout of $DOT's parachains is going to look like, check out the growth of defi TVL on BSC

That's your roadmap frens

I love Ethereum

But I also have capital at work in the BSC ecosystem, and I prob won't change that

The simple fact is innovation is by its very nature messy, unpredictable, and wild. If you don’t enjoy that, you’re prob just posing as an innovator

L2's time has come

Your time to investigate L2s has arrived

Build toward an L2 like your life depends on it

Make something so f'ing bold and great, no one can ignore it

The simple fact is, tomorrow isn't guaranteed

Don't build like you've got 40 years of building left

Build like you have 40 days

Or 40 hours

You can build something safe, or you can build something that sets the f'ing world on fire

Do it on an $ETH L2 or watch it be done on another chain altogether

🤡 out