A place for talking about the Ethereum Virtual Machine on Farcaster.

evm shower thought:

1 an explosion of L2s are coming
2 block space will be commoditized
3 brand will become the differentiating factor
4 we'll soon see many "L2 for X" narratives
5 some will seed supply by incentivizing developers
6 some will seed demand by incentivizing users
7 fragmentation will make ux much worse

aren't you going to end up with just a few top L2s? they have strong network effects esp for finance, composability and high friction (unless there's magical UX and cross network unlock)

i think so, yes, but my guess is there'll be a period of rapid expansion and fragmentation prior to consolidation

Exactly. History rhimes. Since it’s basic psychology.

People don’t understand and think coin go up. So these people who launch it make money. 

That’s their incentive. Sad but true, works :(