Farcasters, what’s your spiciest crypto take? 🌶️🌶️🌶️

Mine is: Ethereum will not be the network everyone is building on in the next decade.

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

In any competitive ecosystem, first movers only have an advantage if they can sustain a network effect, but consequentially due to the cost and speed, many applications rely on L2s. A second mover that can consolidate into a single network that abstracts the varying layers 1/2

and makes this simple to use for devs who have zero crypto experience would be far stickier & appealing. Think of the leap from breadboard computers into VLSI-based ICs. Ethereum’s design debt can’t be simply pivoted out of, meaning a huge upfront advantage for a second mover 2/2

I agree with this. Do you think L2s will take up most of the activity in the future or something completely different?

Something completely different. We’re still thinking things in terms of composable systems, but the shift that lead to mainstream use of computers was the advantage from components merging into the CPU — I see a similar parallel in L0, L1, L2 to ROM, RAM, CPU in a single network.