Bitcoin Research
@kyletorpey
What is the best argument for why financial institutions should launch Ethereum L2s instead of their own proprietary chain? Why don’t they just keep all of the revenue for themselves rather than paying fees to ETH holders? Does it make sense to pay for decentralization for a bunch of tokenized assets that are centrally issued?
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Chris Carlson
@chrislarsc.eth
Proprietary chains would be dead on arrival: immediate backlash and bad press. High risk of competition doing L2 and end up “losing.” Like a lot of things in life, much better to have a slice of a huge pie than an entire infinitesimally small one
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Bitcoin Research
@kyletorpey
I think this plan is in a lot of trouble if these are the best arguments for it.
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Chris Carlson
@chrislarsc.eth
I am by no means an expert on this choice. To be honest, I don’t even fully understand the context of the question (though I kind of get it), nor do I understand the considerations of the decision makers here or even who they are. So, ya know: grain of salt
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