mr Bombastik

A lot of focus lately has been put on scaling and improving the Ethereum L1, but not enough focus has been put on *why* we want to do this. Excluding the obvious reason to do this (cheaper fees/more capacity), there's also better interoperability for rollups/L2's, much faster finality (with SSF or 3SF), potentially stronger ETH burn, a more ZK-friendly L1, friendlier solo/home staking and more. Though I think the most important reason to improve the L1 is to make Ethereum L1 attractive to natively issue assets/tokens on again. All the tokens should ultimately be settled on the L1 which means they need to be natively deployed/issued there and then bridged into an L2/rollup. This is because if an asset is natively issued on an L2, then the ultimate settlement for that asset happens on the L2 because it doesn't have a canonical L1 contract. Of course, this differs for centralized assets like USDC/USDT (as their ultimate settlement happens offchain), but it matters for all the digital-only assets. There are some exceptions to this if the token issuers (or L2's themselves) build specific fallback mechanisms to the L1, but this is quite rare and messy (and still in heavy research). If we just natively issue every asset on the L1, then the exit window/escape hatch from a rollup/L2 to the L1 works for as many assets as possible and makes the properties that L2's inherit from Ethereum L1 even stronger. It's also a much cleaner design than trying to build fallback mechanisms (which will differ between the L2's). This, to me, is the most important reason to scale and improve the L1 - it greatly strengthens the L1's role as the "hub" of the Ethereum universe.

My recommendation for consideration: Have one CEO, unpaid, who is there to give back to the USA vs make money. This person should be a killer who has clearly made a lot of money as an investor. He should view this as a sign of pride to spend 4 years and then rotate out. Have a board of 4 other killer investors, also unpaid, who have also demonstrated a clear skill in making money in their preferred market. Let these group of 5 guide the way. This team of 5 should vote up or down new investments. Everything should be transparent. The sovereign wealth fund should demand preferential deals from the best funds in the world and at discounted fee and carry. This could be a great way to give all Americans a bigger share in our shared upside. I hope you pull this off!