Bitcoin Research
@kyletorpey
yes, Base and USDC are built on Ethereum. but does this mean the ticker is $ETH or the ticker is $COIN over the long term?
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Chris Carlson
@chrislarsc.eth
Base plans to achieve Stage 1 decentralization this year: https://base.mirror.xyz/gFOLgyrs8jtX4Eqt4Kh6ikWhB3tqrhQoKfddeqZIECs
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Bitcoin Research
@kyletorpey
Seems irrelevant to the point. Coinbase still collects all the sequencer fees once this is activated, no?
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Chris Carlson
@chrislarsc.eth
For the foreseeable future, yes. But Coinbase would benefit more from a fully decentralized rollup (collecting a smaller slice of an even bigger pie), IMO. The Superchain and Stage 2 decentralization aren't concretely on the roadmap, but I think these things will come reality if we demand it as consumers https://docs.optimism.io/superchain/superchain-explainer
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