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I generally don't fully understand why this would happen (in either direction). It's like saying you are leaving Python for Rust.

Short term, I understand how the switch in either direction would provide hype and marketing push. Long term, what counts is the product (did you build something people care about?) the chain is/will be abstracted.

Engineer @farcaster, co-founder @bountycaster. Sharing what I learn about AI + development. Previously: Phantom, 0x. NYC 🗽

everyone works on abstraction which everyone loves until you start abstracting the bag holders away

I kind of see this as similar to Google Cloud offering credits to migrate from AWS

It definitely does atm — especially around grants. But even in terms of those participating on certain chains (founders chasing the liquidity).

Interesting, so your observation is the chain also directly correlates to capital. Wouldn't capital simply flow to the best opportunity?