Thread by @zhusu

Want to soften this and say abandon is the wrong word. Was heat of the moment. I'm sorry.

There are great teams working on scaling Eth on L2.

Would've preferred to see eth1x roadmap. Also would've preferred focusing on users rather than holders welfare in upgrades.

https://twitter.com/zhusu/status/1462216210116853762

I'll always be grateful to the Ethereum ecosystem for the opportunities its granted us since we started. I was getting triggered by a small subset of ppl, and need to respect that they do not represent the larger community.

Do want to remind ppl that in 2019 the pt of DeFi was to bank the unbanked. And that in 2016 many Ethereans criticized Bitcoin for $0.05 fees. Fast fwd to now and huge amts of users are shut out, their funds stuck onchain, etc. Monthly user count similar to 2017.

It costs $2k to buy a domain name today. Thousands to deploy contracts. Simple send of tokens costs $50. This is dystopian and should be treated as such--instead it is celebrated bc of the fee burn. This is a rentier mentality and I think it's dangerous.

I don't know what the solution is. But I do know for the millions of new users coming, they should not be shamed for going to other ecosystems. Neither should devs be shamed for building on them.

The main difference in thesis vs May this yr is I thought we would have strong ux composable scaling via ORU by now. Now I feel this is uncompetitive vs altL1, despite having similar security tradeoffs. The strongest L2 product is dydx on starkware. Hope to see more of this.

I think both Bitcoiners and Ethereans have too much nostalgia for the past. The pt of crypto is offer new generations similar opportunities and freedom, not to ask them to bow down and pay us rent, or to marvel at how early we were.