Programmable money (ETH, etc) is hard to scale. So people build Layer 2s.
But these Layer 2s are barely decentralized. And now there’s a crop of L2s that are really just multisigs.
But wouldn’t ...
The usage of L2 by the shitcooners doesn't make any sense.
ETHirium abandoned the utxo model alongside PoW later on because Bitcoin couldn't 'scale' in favor of the account/contract base model. The general assumption being that any use case that "couldn't scale on Bitcoin" would move to other chains. Bitcoin opted to scale in Layers to retain the UTXO set while shitcoiners didn't think it was possible to do so. They pretty much made new chains everyday. Different scaling methodologies from the get go.
So what the hell is a Layer 2 in ETH? It's like admitting their whole reason to exist is pointless.
Dumbass shitcoiners 😤
ETHirium abandoned the utxo model alongside PoW later on because Bitcoin couldn't 'scale' in favor of the account/contract base model. The general assumption being that any use case that "couldn't scale on Bitcoin" would move to other chains. Bitcoin opted to scale in Layers to retain the UTXO set while shitcoiners didn't think it was possible to do so. They pretty much made new chains everyday. Different scaling methodologies from the get go.
So what the hell is a Layer 2 in ETH? It's like admitting their whole reason to exist is pointless.
Dumbass shitcoiners 😤
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