Are L2s Parasitic? | Roundup

[@kristiklaudy]

This was really great! My favorite points were probably that 1) connecting two economies doesn't necessarily imply that the value will end up being shared equally. 2) It's in the interest of the apps on the L1 that Ethereum is prospering because if Ethereum ecosystem is growing and ETH is doing well ⇒ drives liquidity → TAM grows → attracts apps → drives liquidity and users

[@anuzis]

Great discussion. Thought provoking questions & many insights.

[@taccntb4345]

Ippolito is one of the few young guys that actually have a strong grasp of crypto but most guys I see in the profession his age are clueless.

[@adambloom8917]

And he has not one shred of douchey-ness, which is rare.

[@christiadarma]

@@adambloom8917 yea mippolito is my fav

[@goutfromfriedokra3936]

@@adambloom8917 he pushed Blockfi because his buddies were in charge. He then excused their scamminess , in his podcast with Yusko. NEVER FORGET

[@simonjpierce]

Amazing conversation guys!

[@radio657]

my man really said "solana doesn't have mechanism to capture MEV" while solana was the first one where MEV and LST were combined and it captures MEV and distributes it to stakers via the LST

[@davycrockett8886]

Low fees on Ethereum are great! How can people see this anyway? Staking is more than securing the blockchain. If the fees were too low then why is staking so high? Ethereum should not be a system to extract value from users. Ethereum is on the right course.

[@cryptokid1021]

Duhhhh you don’t say🤭. Theres a reason why almost no major airline has their own branded low cost carrier… They would cannibilize their main business.. same applies here but people in crypto are stupid.

[@FutureGuy47]

Myles nearly gets it. The Game-Theory for ETH is just really bad. You offload all the costs to the users with gas fees, and they have to subsidize the network and the apps. Solana does the opposite. The inflation subsidize the users and apps and you get adoption and growth.

[@davycrockett8886]

Solana basically puts a huge tax on users with its inflation. Ethereum fees are basically nothing on L2 with the upgrades that have been done, plus very low inflation. One has to be insane to choose Solana over Ethereum.