Economics

Just hit me, are we recreating M1, M2, M3 money flows?

What I didn't realize before was that the stacking of money supply creates multiples between each. 

The use of the base layer is slower but collateralizes each subsequent layer, and so on. The multiple is what changes as each medium of technology becomes adopted. 

That's the rate of change we are observing for L1, L2, L3. 

Regardless if the below is how it plays out, the directions of it seem to be accurate.

What I didn't realize before was that the stacking of money supply creates multiples between each. 

The use of the base layer is slower but collateralizes each subsequent layer, and so on. The multiple is what changes as each medium of technology becomes adopted. 

That's the rate of change we are observing for L1, L2, L3. 

Regardless if the below is how it plays out, the directions of it seem to be accurate. 

https://x.com/liamihorne/status/1848943200188203182?s=46

/grey - terminally ochain dad & spouse, building products on frontier solutions w frontier people.

Developer 🤓 build, develop and operate Farcaster solutions @ dtech.vision also love tech, decentralization, fitness and oldschool rap 😎

Imo there is no need to separate what you say to be economical vs technological.  It’s the same thing. 

Just look at how money supply works.

I tried argueing against this thesis.

but the general chart of overlaying the oh here's the underlying, then based on this we created this piece of activity and then here's a 3rd layer works.

you have a point.

What I tried arguing was that one L1 or a few could be all activity. Though then flexibility and people wanting something a little custom for need X will drive at least some L2 system, which may then have a L3 system for reasons we are seeing today.

though here it's mmore technological then economical imo. same ETH, but then I figured same USD lent. THough the financial instruments differ widely between M1, M2, M3 which brings us back to the security and technical properties between the ETH and application of L1, L2, L3 differing. 

Dang, can't argue against it :D