Bitcoin Research
@kyletorpey
What is the best argument for why financial institutions should launch Ethereum L2s instead of their own proprietary chain? Why don’t they just keep all of the revenue for themselves rather than paying fees to ETH holders? Does it make sense to pay for decentralization for a bunch of tokenized assets that are centrally issued?
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Chris Carlson
@chrislarsc.eth
Proprietary chains would be dead on arrival: immediate backlash and bad press. High risk of competition doing L2 and end up “losing.” Like a lot of things in life, much better to have a slice of a huge pie than an entire infinitesimally small one
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meta-david 💥| Building Scoop3
@metadavid
This is how just about every emerging tech starts (electricity, hardware, operating systems, network connectivity all come to mind), but eventually it all converges to interoperability. I can’t say for certainty that would be Ethereum L2, but I can say with certainty it won’t be a bunch of proprietary unfederated chains
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