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Namik

πŸ‘€ Speaker
403 total appearances

Appearances Over Time

Podcast Appearances

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

But I think that's actually short-term thinking because the way Mega grows is by letting everyone come and use Mega for as cheap as humanly possible.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

I think that's one of the main reasons why Solana was actually able to provide such a good value proposition for users, right?

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

Like, you know, Pump was initially in the blast ecosystem.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

But the second there's like a thousand people launching meme coins on last, right?

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

Last maybe would get expensive.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

Again, I don't remember the exact last configuration, but that's more or less what happens if you use like EFTA and a couple other statements, right?

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

But yeah, I think our opinion was, hey, we want to be as cheap as possible.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

We want to get like cheaper over time so we can get more users as opposed to get less users as we become more successful.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

And in that scenario, we basically said, well, we need to more or less find a way to make gas consistent and run it at cost, right?

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

Not really make any money on it.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

I think the second point is like, well, okay, how do we make money as a chain, right?

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

You know, I think like the error of like, you know, launch a token for the sake of having a token and just like, that's done.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

So you kind of need to build some sort of like real business model.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

And we kind of came down to stablecoins.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

I think that's what we have now.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

We plan on building more first party applications in the future.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

But a general thinking is, hey, we have worked on, you know, stable core.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

We've worked on building a bunch of apps or facilitating a bunch of founders to build cool apps.

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

How do we find a way to have like a win-win where we can, you know, earn off of their success, right?

Bankless
MegaETH Mainnet is Live! β€” The Next Era of Ethereum Scaling

Without necessarily like A, hurting their users by having fees that are expensive or B, you know, in any way, shape or form, messing with their economics.