Here's my theory for why @coinbase made @buildonbase 🧵
What seemed idiotic to me at first now makes perfect sense.
If true, it's possibly their most genious play yet. Here's what you probably don't know.

1. @coinbase owns a large stake in @centre_io, the provider of the stablecoin USDC as one of its founding members alongside @circle.

Paradoxically, the potential to opt-out increases retention rates for long term commitments.

One of the main reasons why Obsidian is so great, is that you always have the option to use a different product instead. When purchasing a monthly subscription, you’re more likely to keep it because you could stop any time you wanted to, vs if it was a yearly subscription, or lifetime.

A lot of people are talking about account abstraction but not about how it actually leads to better web3 UX.

Here’s a detailed example of how account abstraction can improve “Sign in with Ethereum”. Right now when you sign a message to ‘login’ to a website, you use the same private keys as the ones which control your whole wallet.

Don’t know what EIP-4844 is?
Here’s a simple explanation of EIP-4844 using public toilets🚽🧵 #L222 Consider this scenario. You’re at a crowded festival, and the men’s toilet has a huge line. The toilet only has stalls, so everyone who needs to pee and everyone who needs to poo both wait in the same line.