Tengji Zhang
@tengjizhang
Tengji Zhang
The L1 Wars: SOL, AVAX, NEAR | 15 Jan 2022
The L1 Wars: SOL, AVAX, NEAR | 15 Jan 2022
Trillions of TradFi money is still trying to get into crypto. Fear of breaking regulation is slowing them down. Bullish for crypto asset.
Bloomberg • Sam Bankman-Fried and Matt Levine on How to Make Money in Crypto | Odd Lots
Anatoly (Solana)
- "I would argue Bitcoin would not survive that"
The L1 Wars: SOL, AVAX, NEAR | 15 Jan 2022
The L1 Wars: SOL, AVAX, NEAR | 15 Jan 2022
The L1 Wars: SOL, AVAX, NEAR | 15 Jan 2022
Ethereum is New York City; it is a happening place with the biggest DeFi protocols, the most TVL, the hottest DAOs and NFTs, but it is expensive. You scale by "building up skyscrapers" using L2 chain or "building out satellite towns" using interoperability networks that serve as highway connecting them.
Haseeb Qureshi • Blockchains are cities
Naval
- This likely leads to consolidation of info onto 1 or a few chains