@cyounessi1 It is a difficult, thorny issue that provokes strong emotions for good reason. Let us get the obvious out of the way: it is likely the most profitable move to jump ship from ETH to a series of generically-designed centralised VC-vested L1s as they pump, before returning to ETH @cyounessi1 once Vitalik, Arbitrum, et al. figure out how to really fix the gas issues with ZKRPs etc (a huge simplification of the process, but broadly true). Since we are all homo economicus, profit-maximising individuals, we should all do this. However, this is where things fall apart.

It is a difficult, thorny issue that provokes strong emotions for good reason. Let us get the obvious out of the way: it is likely the most profitable move to jump ship from ETH to a series of generically-designed centralised VC-vested L1s as they pump, before returning to ETH

https://twitter.com/cyounessi1/status/1462240406662438922

once Vitalik, Arbitrum, et al. figure out how to really fix the gas issues with ZKRPs etc (a huge simplification of the process, but broadly true). Since we are all homo economicus, profit-maximising individuals, we should all do this. However, this is where things fall apart.

Venture capitalism frequently amounts to a concealed form of rent-seeking. Bootstrapping is difficult because of early bottlenecks that require capital to be overcome; VCs provide that capital, but frequently onboard perverse incentives like quarterly growth and vested dumping.

https://twitter.com/awrigh01/status/1458614944409264128

The solution to the problem of bootstrapping is already here: it's token effects. We just haven't properly conceptualised it. With the incentive to use projects early in order to receive airdrops, and with the capacity of airdrops to provide a vital influx of capital early in the

And the first significant #WolfGame exploit is found. We knew this was coming; unaudited contract + relatively complex mechanism is a recipe for bot-oriented exploits. In the grand scheme of things, it didn't matter too much, and in fact ended up causing a supply shock because of

https://twitter.com/punk3155/status/1462073808622215181

the dev pausing wolf minting. On an abstract level, this is an interesting concept: solutions to exploits that actually cause NFT/on-chain item to appreciate, not depreciate. I imagine that as time goes on, holders will grow increasingly hostile to any dev response to exploits