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Are Layer2s Good or Bad for Ethereum?

youtube.com
1 points·by phase5·4 года назад·1 comments

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phase5
·4 года назад·discuss
how about trying a distributed censorship resistant version like skiff.com?
phase5
·4 года назад·discuss
Meher Roy, CTO of Chorus One explores the scenario where ETH L1 token loses value against the L2 tokens that are emerging.

He revisits Ethereum's scaling history and talks about the new layer 2s that are emerging like Starkware.

He posits that liquidity will leave ETH L1 in favor of ETH L2s and also ETH's pivot in narrative to adopt 'moneyness' as an attribute is dangerous.
phase5
·4 года назад·discuss
The author doesn't understand the value of distributed censorship resistant consensus that's secured by energy.

Also the author fails to consider the situation of 80% of humanity who live in countries that experience hyperinflation frequently. https://bitcoinmagazine.com/culture/check-your-financial-pri...
phase5
·4 года назад·discuss
So well written and you're working for BART? What's going on with this world? Promote this guy.
phase5
·5 лет назад·discuss
The guy has absolutely no idea what he's writing about. He lost me at:

money issued by central banks, fiat money, acts as a ‘store of value’ – it preserves the spending power of income and wealth, so that you can be confident that a pound, say, will buy about as much in a year’s time as it would today.
phase5
·5 лет назад·discuss
It's been more than a decade of innovation. Gary Gensler (SEC Chairman) has acknowledged the value of Bitcoin. Lets ignore idiots like Jorge Stolfi. He's no different from the BSV characters...
phase5
·5 лет назад·discuss
Here's some other articles on the problems with Ethereum:

https://github.com/libbitcoin/libbitcoin-system/wiki/Proof-o...

https://hugonguyen.medium.com/proof-of-stake-the-wrong-engin...

https://hugonguyen.medium.com/work-is-timeless-stake-is-not-...

https://medium.com/hackernoon/sharding-centralizes-ethereum-...

https://blog.lamden.io/turing-incompleteness-and-the-sad-sta...
phase5
·5 лет назад·discuss
There is a newer more comprehensive one which is worse for privacy https://www.coindesk.com/new-crypto-bill-in-us-congress-is-t...
phase5
·5 лет назад·discuss
I think he needs to checkout Lightning Network. Adoption is going parabolic.