corbin

Ethereum

Independent Ethereum educator, angel investor and advisor. 

Founder of /thedailygwei.

I don't think the worry is on growth.

1) Will these L2s even need mainnet for settlement or DA? Why choose mainnet if they aren't ETH maxis or innately altruistic (few in crypto are)? This is a continued blindspot for the EF and Ethereum researchers (see recent DeFi debates).

2) L2s will likely enable their own gas tokens as they face price pressure. They have a massive incentive to do so unless they are super ETH aligned (OP).

In this world, the EVM wins but ETH fundamentals suffer greatly.

Maybe ETH becomes money or ETH staking/restaking yields become digital bonds. But this is the first time in a long time that ETH fundamentals have strong headwinds.

Need some new ideas and narrative to emerge.

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as an asset that programmatically trends downwards to benefit from cheaper fees, at what price does economic security start to affect dependant networks?

cookin' @askgina.eth https://askgina.ai, @consensys class '17 - INTP

as blockspace and block demand distributes unevenly across conjoined networks, at what point does the entropy skew negatively on the root (ethereum)

𝖒𝖆𝖓𝖉𝖆𝖙𝖚𝖒 𝖆𝖉 𝖆𝖘𝖙𝖗𝖆

right but compared to ethereum's debatable fairer distribution (overtime) (sadly not skewed to incentivise to core devs), these newer networks have headwinds of their own (technology apart)

their risk of double death (ethereum collapses taking them out as collateral damage) or (runway issues prior to technology advancement being run primarily as a faux business)

experiments gonna experiment (retail currently getting rekt and ongoing)

I'm reminded of Cosmos drama. the network-of-network evolves, but not to any central token.

I think one of the ways to force alignment of sequencers/builders to the token is to continually wrap further creditworthiness logic in, so bottlenecks like Optimism's sequencing or a future decentralized sequencer are incentivized by the market constantly capitalizing raw network effect, not only pure emission of some tokenomic narrative.

what this means in practice, I'm not sure. I'd really like to see more rollups physically register as a known dispatcher of a known geography, and I'd also like to see more L2 loose consensus register as algorithmic market operations on L1 (same exposure to the upside as the creditworthiness).

will continue to ponder this.