Dan Romero
@dwr.eth
Welcome to @keone, founder of @monad! He's kindly agreed to do an AMA — starts in ~20 minutes at 12:30pm PT / 3:30pm ET! Reply with your questions!
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Zach
@zd
thanks for doing this @keone! i haven't kept up with monad's growth, but i see you've built a strong community how would you explain monad in a single sentence to - another crypto founder? - a VC? - an open minded crypto skeptic? why should they care about "yet another L1"?
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Keone
@keone
There aren't actually that many L1s. Or at least, there aren't that many interesting new technologies - just a lot of reskins of geth with different parameters, or additions of precompiles, or a different way of splitting fees (CSR), or a different consensus mechanism (e.g. tendermint), or with branding around a specific GTM vertical (e.g. an L1 for RWAs). "Yet another L1" is a psyop because there are infinite L1s if you just keep forking and making minor tweaks. But new technologies are a lot more rare, but new techs are what we need to move the industry forward. After Bitcoin, there were a lot of Bitcoin forks, because for a while the value of a new Bitcoin fork was > 0. This kept happening until the market saturated. But then Ethereum came along and - while technically Ethereum is a Bitcoin fork (in the sense that it was clearly inspired by Bitcoin, and used the same block production mechanism) - Ethereum was also very different. It enabled many use cases that Bitcoin (and Bitcoin forks) did not.
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