However, L1 settlement alone is an incomplete picture of what the rollup-centric roadmap aims to accomplish. Ethereum also serves as an affordable settlement and DA layer for rollups. I see rollups (and their corresponding rollup platform à la Optimism Superchain and Arbitrum Orbit) as independent fiefdoms. Each platform will compete to give users ... See more

A corporation is not a root: if there is a dispute inside a corporation, it ultimately gets resolved by a national court system. Blockchains and network states, on the other hand, are trying to be new roots. 

It's easy to say that any application can be done more efficiently with a centralized service, but in practice social coordination problems are very real, and unwillingness to sign onto a system that has even a perception of non-neutrality or ongoing dependence on a third party is real too. And so the centralized and even consortium-based approache... See more

Despite working with DeFi teams for the last 5 years, I think onchain finance is a better name for whats happening.

Decentralization is an important substrate, the real pull is the increase in utility and value when an asset comes onchain turns into a money lego.

Whether an asset is blockchain-native or a real-world asset will matter less and less.

E... See more