shazow
@shazow.eth
One more thought on the "L2 is parasitic of L1" narrative; imagine two scenarios that achieve the same amount of transaction throughput: 1. L1 scaling with a bunch of rollups 2. L1 scaling itself without rollups Are they actually distinguishable? Would #1 make less revenue than #2? Why? In both cases, either users are overpaying for security or they're underpaying. In both cases, the security/price curve converges to some equilibrium. Only difference is that #1 can scale millions of times more than #2, a single rollup can be as scaled as any L1. So even if the unit price is the same, the sheer quantity can be astronomically higher.
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Charlie Morris
@chtmorris
Security will likely be underpaid in 1 and overpaid in 2. The equilibrium point could happen, but might take decades to be reached and in the meantime, they will be distinguishable.
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