Exploring the Interplay Between Ethereum's Layer 1 and Layer 2 Solutions

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This chapter explores the critical role of Ethereum's Layer 1 and Layer 2 solutions, emphasizing the necessity for L1 to establish itself as a valuable transaction platform. It raises concerns about the viability of L2 tokens and their impact on Ethereum's overall utility, provoking insights into the future of these layers within the ecosystem.

Is the Ethereum roadmap… off track? Have we lost the plot? Are L2s running interference, intercepting all the users, transactions, and value from reaching the L1? And if all of this is real, and not just FUD, what should we do about it?

We have Max Resnick on the show today, he's an Ethereum researcher working at Special Mechanism Group and he’s got some opinions that are contrary to what is typically found out of the Ethereum Rollup Centric Roadmap.

Max explains why Ethereum is breaking down on its vision for bringing the world onto decentralized, censorship resistant, permissionless blockchains, and suggests possible alternative directions.

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------ TIMESTAMPS

0:00 Intro 5:08 Max’s Contrarian Take 12:20 The State of Rollups 17:59 Are L2s Extensions of Ethereum? 27:52 What Needs to Change 44:33 Based Rollups 50:05 The Holy Grail Blockchain 59:02 Scaling the L1 1:05:29 Max’s Incentives 1:09:53 Why Not Solana? 1:14:06 Navigating ETH’s Roadmap 1:18:05 ETH: The Asset 1:22:15 Value Capture 1:23:58 Call to Action 1:26:43 Closing & Disclaimers

------ RESOURCES

Max Resnick https://x.com/MaxResnick1

Max Resnick Holy Grail Blockchain Tweet https://x.com/MaxResnick1/status/1826630256008331301

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