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Base has burned $20M+ in
ETH
on mainnet in the past 8 months.
#ETH
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Fight tribalism and hate with self awareness and love. True in life, especially true in crypto. To me self awareness means first recognizing we are all greedy. We all want more money, attention, and/or control. Capitalists want more money, politicians want more control. It’s the same thing. There is a difference though btw the natural greed that we all have and soulless greed. Soulless greed is chasing money, attention and/or control with no concern for other humans and truth. This greed is often disguised and hard to spot with the naked eye but too real. Love is recognizing that the soulless are not evil. Soulless greed is the product of our environment, starting with how we were raised by our parents. We must empathize with the soulless rather than attack. Crypto helps us lean into our human side. AI makes the world more soulless. This will all be clear soon.
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Fight tribalism and hate with self awareness and love. True in life, especially true in crypto. To me self awareness means first recognizing we are all greedy. We all want more money, attention, and/or control. Capitalists want more money, politicians want more control. It’s the same thing. There is a difference though btw the natural greed that we all have and soulless greed. Soulless greed is chasing money, attention and/or control with no concern for other humans and the truth. This greed is often disguised and hard to spot with the naked eye but too real. Love is recognizing that the soulless are not evil. Soulless greed is the product of our environment - starting with how we were raised by our parents. We must empathize with the soulless rather than attack. Crypto helps us lean into our human side. AI helps us lean into our soulless side. This will all be clear soon.
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Cryptoart is now just art. The most talented artists from the NFT bull market are doing physical work too and it’s helping bridge crypto and culture in a big way. Frenetik Void’s De Rotas Cadenas y Menisco is insane to experience irl 🔥🔥🔥
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ETH is the ticker. Base is the dev platform. Coinbase is the distribution.
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Understanding L2 dynamics in Ethereum L2s allow new builders to benefit from the developer and user network effects of EVM while capturing better economics and more control of the UX than being on L1s. The main benefit to ETH is distributing it as a credibly neutral store of value to more users and companies. Coinbase is now stacking ETH from Base and new Base apps introduce new people to ETH. Win, win. An added benefit for ETH can be burnt fees, but an open question is how much should L2s pay to settle on L1? Since Pectra, blobs have not been full and so the burn from blobs has been nonexistent. L2s only pay if transactions within blobs go above a threshold which hasn’t been reached. There’s an argument to keep it that way for now, but there’s also an argument for a flat fee to be introduced so that more fees are burnt for the service the L1 is providing today. Curious how people think blob fee structure for L2s should play out?
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