$APTO THE MASCOT

As a founder of @zksync, I'm all in for scaling Ethereum L1 and figuring out interop between every chain. I'm bearish based rollups for a different reason: it's an overly complicated Rube Goldberg Machine. What I mean: all based rollups are essentially a single sequencer that concatenates n chains together; but instead of doing it directly like a simple high-performance chain, it has to deal with political coordination and management of intricate security interdependencies of a dozen of teams. I can elaborate on the technical details if needed. If we want to scale L1 and directly compete with Solana, let's do it by directly improving the performance of Ethereum clients. Personally, I think that in this case we will fail, because the other camp is much more willing to sacrifice decentralization for higher throughput and lower latency. ETH's strength is in its cypherpunk roots: security, unstoppability and censorship-resistance, that make it the best settlement layer in the world. If we want elastic, infinitely scalable network of sovereign rollups on Ethereum that can all talk to each other trustlessly, let's enshrine a rollup cluster archtitecture (i.e. shared bridge) directly into L1. It doesn't need to be Superchain or the Elastic Network. Happy to cooperate on this. If we want the price of ETH to go up, we should stop trying to clinge to the once high, MEV-driven fees. It's just too late, there is no going back. The incentive to control the MEV of a rollup is too high for any OG social pressure to stop people from doing this. All these attempts to revive ETH's position as a capital asset inevitable lead smart money to analyze chain revenues, and they won't look good compared to the pre-rollup world. It's the reason for ETH/BTC ratio to be where it is. Instead, we should focus on the fact that ETH is the BTC of the emerging Internet of Value built on Ethereum. There is literally no second best in this economy that can serve as trustless Defi collateral and Store of Value. I'm saying all of this as an ETH maxi, and my incentives are perfectly aligned. Go check it yourself: all L2 tokens, including ZK and OP, are firmly glued to the price of ETH, with minimal variation.

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