Economics

Ethereum

A blockchain's transaction capacity is equal to the capacity of its L1 plus the capacity of all L2s under its security.

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

Yeah the language can be refined but the ideas seem to be copy paste from one medium to another.

Valid question, worth pondering.
I wonder if perhaps transmuting is a better word than recreating? 🤔 
420 $degen

This is an interesting concept. In what sense though? Is this a good thing, a bad thing, or just a thing?

Yes. Just like before central banks, were each bank could print their own money. We are repeating history... Fiat money isn't the problem, the species who created it is