ETH ratios down so bad we got @kylesamani on Bankless to tell us why ETH is weak & feeble

- Where ETH went wrong
- Why L2s are parasitic
- Kyle's advice for Vitalik

If you're an ETH holder with a shame kink you can get early access on premium feed now.

https://www.bankless.com/why-is-eth-down-so-bad-this-cycle-kyle-samani

building /bracket | hosting /greatbooks + /gray | ex-BCG, ex-PHD | poli + phil + econ

Why do all the bull posts ignore what a nightmare chain/liquidity fragmentation is for the ecosystem?  I feel like we've been promised solutions soon™ for over a year now.  Even just basic bridging is no better been Eth/L2s than it is between L1s

I would call it evolution vs fragmentation. Let the market, diverse competition and immensely wide targets of incentives provide a robust battlefield, I say, and let's sit back and watch the best emerge.

Whatever your decentralized, borderless, neutral, censorship-resistant open blockchain question is, the answer is YES… to Crypto!

Except that while we're playing L2 hunger games, our L1 competition is straight up eating our lunch with better products.

If Solana or Tron or Ton or whoever else manage to not suffer a serious outage or exploit before we can get L2 composability figured out, we'll have lost our network effect and all the momentum we built the last 9 years