Yes the rollup is a separate chain with its own token, corporation, and foundation, and yes it has the app that directly controls the user experience, and yes it’s not currently interoperable with the rest of the ecosystem, and yes it runs a centralized sequencer that earns millions of dollars a year in revenue.

But it’s *completely* aligned with the base layer.

Makes perfect sense.

entrepreneur, writer, and former professional chef / mylessnider.com

I’m aligned I’ve similarly been confused by this debate

Grow the GDP of the ecosystem, benefits all players

I think it’s a think long-term vs. short-term thinking difference

building a crypto hedge fund | /comma, comma.org/, & /ic | in pursuit of more aliveness | prev: founding team @ Tally Health, investor @ L Catterton

I was actually being kinda sarcastic here. I tend to see these L2s as more parasitic, while a lot of people seem to insist they’re good for the base layer. I’m not convinced.

On no Ethereum fees are going down!

Ethereum is doomed!

But wait...is that ETH-denominated TVL increasing...almost as if ETH is being used as money inside a burgeoning L2 economy now that transaction fees are 99% lower?

Couldn't be.

Twitter told me ETH is dead.

As an aside, thought you might find this interesting

This is a pretty good encapsulation of my POV on ETH L1 vs. L2
Fees down (for now) but generally increased demand as money/value

This slide is from @a16zcrypto's state of crypto report which rocks, worth a read more broadly

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a16zcrypto.com/

As an aside, thought you might find this interesting

This is a pretty good encapsulation of my POV on ETH L1 vs. L2
Fees down (for now) but generally increased demand as money/value

This slide is from @a16zcrypto's state of crypto report which rocks, worth a read more broadly

https://warpcast.com/rsa.eth/0x3a97bc97