Tengji Zhang

Naval

• This likely leads to consolidation of info  onto 1 or a few chains

Illia (NEAR):  Anatoly's point is right that you can't  parallelize games or markets.  However, markets you might be able to  by splitting orders with a fully sharded  DEX

Ethereum will probably be the most valuable chain because that’s where the money is.

“If you look at a typical company, the founders and investors own 80-90%,” he goes on. “All of the employees own the other 10-20%. It doesn't make sense. It's not who is producing most of the value. We wanted to flip that model on its head. With the DAO, the community controls 80% of the tokens; the founders and strategic partners control 20%.”

Other L1s will be valuable too. But they will continue to differentiate. NYC, LA, Chicago, and Houston are enduring cities because their institutions and cultures are different from each other.