Naomi
@afrochicks
guys i have been in crypto for 3 years and things are still TOO complicated please let me test your products and give honest feedback on how to make it at least sound simpler cos i have an actual crypro use case which i know your products can solve but im tired of feeling stupid all the time here ๐ญ
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Naomi
@afrochicks
4. l2s i still dont really understand what an l2 is and why it matters that its an l2 and why so many launch all the time also dont get if youre meant to be loyal to chains and layers as a creator ive created on tiktok, instagram , youtube etc so why should i only create on one chain or layer ? just wondering if layers want loyalty or more users
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@toyboy.eth
L2s just scald cheaper gas fees in summary, transacting on ETH mainnet is quite expensive.
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Naomi
@afrochicks
ya i remember when gas fees were super high but why are there so many l2s? is it cos they want to make money from transaction fees
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@toyboy.eth
Because of ethereums open source which encourages innovation and experimentation. Various L2s have different architectures and trade offs
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m_j_r
@m-j-r.eth
yeah, this is the whole VC vs VC meta in blockchains with smart contracts. the sell is that they're "Turing-complete" which is a fancy way of saying the TAM is the entire world, so $$$. but "everyone wants to be a bodybuilder, nobody want to lift heavy-ass weights" you're the user doing the schlepping, so it's totally your call how many wallets in however many L2s. other L1s swim in Ethereum's wake, so more musical chairs than not (even with solana).
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shoni.eth
@alexpaden
yes coinbase made i think $90M in base fees at 95% profit. your assumptions are correct๐
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