Varun Srinivasan
@v
ETH's tactical problem is the L2 free market. It is a great approach from the perspective of finding the right technical solution and remaining decentralized, but the externalities eat away at the user experience, which is equally if not more important. There is simply no way for a normal user to understand what they are getting into with layers, chains, 7702 wallets, evm compatibility and bridges. There is a light at the end of the tunnel if we make blobs bigger, introduce account + chain abstraction, native rollups etc, but this is a massively complex roadmap and will take years to realize. In that time, Solana just works (tm) and is eating ETHs lunch.
9 replies
14 recasts
109 reactions
ruhum
@ruhum
They don’t have to know all of that to use Ethereum tho. Just take interface as an example. It allowed you to follow people you know on X/Farcaster and see which tokens they traded. While it supports multiple chains, all the trading happened on base. So all you needed to participate was a wallet on base. Experience is far from perfect but it isn’t all that different from Solana. I’d even argue that you can do more on Base today than on Solana with less fees and a better UX. But nothing we do on Ethereum will be able to compete with Solana&pump on the memecoin meta. Community and network effects have made that battle impossible. We should ignore it and find our own thing.
1 reply
0 recast
4 reactions
Chinmay 🕹️🍿
@chinmay.eth
I like the "ignore" approach. The Memecoin meta will mostly die at the end of the bull market and most users will be gone (just like the last cycle).
0 reply
0 recast
3 reactions
