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Content
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https://ethereum.org
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Matt Huang pfp
Matt Huang
@matthuang
Q: What matters most for L2s accruing value back to ETH L1? - Using ETH as a gas token? - Using ETH DA rather than Alt DA? - ETH being used as "money" on the L2 (e.g. for minting NFTs)? - L2 calling itself ETH-aligned 😬 ? - Something else?
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shazow pfp
shazow
@shazow.eth
If the L2 actually inherits/rents security from ETH L1, then value would be naturally accruing as it pays for this security, right?
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Augustus Caesar pfp
Augustus Caesar
@augustuscaesar
Eth as money (gas & collateral asset)
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Corbin Page pfp
Corbin Page
@corbin.eth
1 & 3 - Gas token and used as "money" onchain. 1000s of L2s/L3s needing to use ETH for gas + >80% of ETH staked is when ETH just goes parabolic. This is the event that the whole Ethereum ecosystem should be aligning behind.
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Dan pfp
Dan
@danrobinson
My guess is that the most important thing is ETH as "money," that ETH as gas token is one factor that is upstream of ETH as money, and that ETH DA is upstream of ETH as gas token
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🎩Levi💎⚡️ pfp
🎩Levi💎⚡️
@iam0xcaptainlevi
ETH as gas token is the most important value alignment ETH exports itself as money
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Joshua Harris pfp
Joshua Harris
@russia
accrual back of value to ETH probably just feels like burden, some archaic tax imposed by an ancient ruler
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Coin Enjoyer pfp
Coin Enjoyer
@upndown
#3 for sure. Its the community deciding to use the asset as money and value transfer that gives value to all crypto,
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Masterdai 🎩 pfp
Masterdai 🎩
@masterdai
Even if a Layer 2 or even Layer 3 emerges in the future with its TVL surpassing that of the Ethereum chain itself, I wouldn't be surprised. However, this does not mean that the intrinsic value of Ethereum diminishes, as the security and robustness of Ethereum are inherently tied to Ether and the nodes themselves.
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NamLe pfp
NamLe
@namle98
When the gas sponsorship function (EIP 3074) is implemented on Layer 2, do you think the alignment of Layer 2 with Ethereum will become less
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D pfp
D
@dani1
I think it is kind of number 3, but money not in the transactional term (medium of exchange), but in it as the most trustless asset in the network/economy, with least counterparty risk (store of value)
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Flow Wolf pfp
Flow Wolf
@0xflowwolf
Blast approach to leverage ETH native yield might be the something else
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Onedigitnumber pfp
Onedigitnumber
@onedigitnumber
using ETH as a gas token doesn't really matter IMO because AFAIK there is no avoiding paying for settlement in ETH, so that alternate gas token probably gets exchanged for ETH anyways. ETH DA and ETH being used as money are the most important items from this list IMO. But I'm just a suited dog.
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Journey pfp
Journey
@journey
yes
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Sheri Illustratoor[🔵, 🎩] pfp
Sheri Illustratoor[🔵, 🎩]
@healy.eth
For me it was the ease of buying ETH on Coinbase and uploading / bridging L2 straight to my coinbase wallet. I think in the future most users will be buying L2 Coinbase ETH without even knowing they are buying it.
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oliver
@oliverk120.eth
Good question - I think you would accrue value without any of the items you listed since you are paying ETH to settle on L1 and bridging L1 assets. Because of this I would argue attracting more users & building good applications would be the most accretive
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