Namik

Like if there are experiences or user flows or apps that are only performant or possible because of like the properties that come alongside not having like a distributors validator set,

those should not go to like, you know, quote unquote, like all to L1s with like closed validator sets.

Those should just go to their most logical conclusion, which is like these like, you know, somewhat centralized sequencer architectures that they are more centralized in like the immediate sense of resistance term of the word.

Like by no means is anyone on our team going to say that Megadeth is like

more decentralized than Solana.

Like that's just fake news, right?

In maybe many years in the future, they just become different trade-offs that become things people are willing to make, right?

Which is like, hey, the guys in charge can't really rug unless they give me a chance to leave, right?

A couple of days, security counsel, some sort of variation.

But I think like the takeaway I have at least is, hey, EFL-1 needs to like scale in a responsible manner.

And for that portion of the market ETH does not capture by scaling responsibly, those should be captured by L2s in the barbell thesis, right?

And that's a way that like, I think Ethereum's design choices create the most value for the world, right?

Like both economic value, but also, hey, we need to get users on blockchains.

Or maybe not, but I think that's my gut feeling.

Yeah, you know, I'll start with a small analogy, right?

The past couple of weeks have been like quite intense for all stakeholders, right?

Market, blah, blah, blah.

And I remember during the stress test or a couple days before the stress test, someone asked me, you know, how are things going?

You know, you guys are taking a while to launch, blah, blah, blah.

And all very valid points.