dekz.eth

🚨 NEW REPORT ALERT 🚨 1/ Just released: The Block's new report "A Deep Dive into the Future of Onchain Liquidity Routing" examines the evolving landscape of onchain liquidity routing. Thanks to @1inch for commissioning the report. Key insights and link to report below 🧵

Read this from Peter and realized that it's time for me to also speak up. NGL, I’ve started questioning my loyalty toward Ethereum. I did not come into crypto because of Bitcoin but because of Ethereum. I also have a lot of gratitude toward @VitalikButerin — someone I looked up to as an ideal for how things should be built in this world. Though I/we never got any direct support from the EF or the Ethereum CT community — in fact, the reverse. But I have always felt moral loyalty towards Ethereum even if costs me billions of dollars in Polygon's valuation perhaps. The Ethereum community as a whole has been a shit show for quite some time. Why does it feel like every other week, someone with major contributions to Ethereum has to publicly question what they’re even doing here? Just go your own way already. At best, I get trolled by well-meaning friends like @akshaybd for not declaring Polygon an L1 and walking away from this circus. Not many remember that Akshay himself was equally inclined toward Polygon in the beginning before he took his talents and helped build the Solana empire into what it is today. He got disgusted by the socialistic behavior of the Ethereum community — trolling projects like Polygon that were contributing immensely — all because of some arbitrary “technical definition.” At worst, people have started questioning my fiduciary and moral duty toward Polygon. It’s widely believed that if Polygon ever decided to call itself an L1, it would probably be valued 2–5× higher than it is today. Like think about it, Hedera Hashgraph an L1 is valued higher than Polygon, Arbitrum, Optimism and Scroll combined. To make things even worse, the Ethereum community ensures Polygon is never considered an L2 and is never included in the markets' percieved Ethereum Beta. They don’t seem to understand that Polygon PoS effectively hinged on Ethereum, while Katana, XLayer, and dozens of other chains in Polygon's ecosystem are true L2s. Heck, a prominent Polygon Stakeholder literally scolded me just today because I can’t get Polygon on GrowthPie, which refuses to list the Polygon chain. When Polymarket wins big, it’s “Ethereum,” but Polygon itself is not Ethereum. Mind-boggling. Anyway — I’m also a stubborn, hard-ass soul. I’m going to give this a final push that might just revive the entire L2 narrative. Just bear with me for a few more weeks. But the Ethereum community needs to take a hard look at itself — and ask why, every day, contributors to Ethereum, even major ones like @peter_szilagyi, are forced to question or even regret their allegiance to Ethereum. My only (remaining) defense to myself is that Ethereum is a democracy — and in any democracy, people on all sides end up disgruntled. But it’s still the only system that truly works in the long run. 🤞

@samczsun lol. Technical comparison is equivalent to hate? Sheesh.

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