Ethereum

1/ The blockchain trilemma encompasses Decentralization, Security, and Scalability.

Of these, scalability—manifested through speed and low cost—is the aspect people encounter in their daily lives (at least until challenges inevitably arise). Hence, it’s easy for individuals...

Ex-/coinbase. Creator of Coinbase Wallet & Cipher Browser. Eng Lead $USDC. Advising /polygon Labs, @family, and @tribes. petejkim.twitter

2/ ...to perceive fast and cost-effective blockchains as superior.

Recall, the blockchain technology arose due to the deficiencies of traditional systems (TradFi and web2)—they lacked decentralization and security—despite being far more scalable than any of the current blockchains.

3/ If you prioritize scalability at the expense of decentralization and security, you’re essentially recreating the legacy tech we aim to replace.

Our objective should be to craft solutions that effectively address the trilemma.

This post isn’t meant as a critique of any specific chain.

In defense of the misunderstanding masses, if their chief use case is minting JPGs, the low tx cost will outweigh any other consideration.

It’s tough to sell decentralization and security, which are more compelling arguments for those looking to settle value at size reliably.

Or said another way:

If you don't need censorship resistance, it's much cheaper to just use postgres 😂