Traders are momentum driven, and alt L1s to Ethereum are peak momentum right now ¯\_(ツ)_/¯
Let’s see how things look 2H 2022.
Let’s see how things look 2H 2022.
To be clear, I fully expect a multichain world— @placeholdervc has invested to that end, but we have chosen a modular, community-owned one as opposed to monolithic.
And we are not abandoning $ETH.
And we are not abandoning $ETH.
A multichain world is good for competition, which is great for users. The point here is lowest fees possible, while providing all the guarantees we know well.
But there’s another important point people are papering over:
Who owns the rights to the fees?
Who owns the rights to the fees?
While people spout off about Ethereum being a rent-machine, in the same breath they are getting stupid rich off sickeningly concentrated (future) rent-machines of their own (many alt L1s).
Ethereum has a plan to lower fees for a global base of users, while preserving credible neutrality.
While many alt-L1s are cheaper now, because they are much less used, for most I don’t see similarly sophisticated plans.
We’ll see.
While many alt-L1s are cheaper now, because they are much less used, for most I don’t see similarly sophisticated plans.
We’ll see.
Regardless, I’ve lost a lot of faith in the words I publicly see; I trust almost none of them, when I know the actions behind them. But I guess that’s growing up.
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