Conversation

1) Why do we have to be so tribal? twitter.com/elonmusk/statu Sometimes

is wrong, sometimes he's right. This time I think he's mostly right.

Quote Tweet

Jul 9, 2021

Replying to @MattWallace888

BTC & ETH are pursuing a multilayer transaction system, but base layer transaction rate is slow & transaction cost is high. There is merit imo to Doge maximizing base layer transaction rate & minimizing transaction cost with exchanges acting as the de facto secondary layer.

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@SBF_FTX

Jul 9, 2021

2) I mean, the reliance on DOGE is a bit odd--it's not exactly what I'd choose for a high-throughput L1. But fundamentally, he's got a decent point here: trying to patch slow L1's with a fast L2 only sorta addresses the problems.

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@SBF_FTX

Jul 9, 2021

3) A few months ago, we applauded everything

@elonmusk

wrote, even when it was just memes. Now we decry it, even when he's making a good point.

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@SBF_FTX

Jul 9, 2021

4) Why can't we take points as they are, and acknowledge

@elonmusk

's complicated relationship with crypto? And acknowledge that his worries about L1 throughput and energy usage are legit, even if he doesn't always immediately find the best solutions to them.