Jack.top
@jacktop
1/ Have been thinking about Blockchains, Eth L1 vs Alt L1 vs L2's a bit recently. What do i really ultimately want to use a blockchain for? For me it is the ability to have true control of my digital assets (i.e money) if i want to, with no bank or other third party having the ability to take that away from me.
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Jack.top
@jacktop
2/ For that, the chain needs to be censorship resistant and sufficiently decentralized. In that vain, probably Bitcoin is the best option, closely followed by Ethereum. And arguably Solana is sufficiently decentralized for that goal (censorship resistant though?)
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Jack.top
@jacktop
3/ Then, potentially I also want to be able to do things as an end user, and transact with applications. At that point, I am putting my trust into the applications themselves and require my own risk tolerance for using apps. So for my "liquid" funds, should I be using L2's, or Alt L1's, or Ethereum L1?
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Jack.top
@jacktop
4/ Honestly, I don’t really care. I consider using an L2 the same as using a CEX or any application built on top of a blockchain i.e I am going by my own risk tolerance. So to that end, it basically comes down to UX and where can I actually do things I might want to do
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Jack.top
@jacktop
5/ We'll see how that plays out, I don’t really care, I'll use whatever chain. And store my "illiquid" digital assets (savings, nft's etc) on the more secure chain that also gives me the flexibility to relatively easily convert to "liquid" funds for transacting. At the moment that's Ethereum.
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