For today's episode, weâre diving into one of the most controversial conversations around Ethereumâs futureâthe decisions required to create a truly thriving onchain ecosystem.
Joined by Max Resnick, we raised key questions about the future of rollups, appchains, and Ethereumâs economic structure.
Are rollups helping Ethereum grow, or are they parasitic? Should apps like Uniswap stay on Ethereum L1, or is launching their own chain inevitable? How do we address the growing cost of security while keeping Ethereum accessible and composable for all?
Max answered each quite thoroughly.
A central theme was the idea of "alignment taxes"âa proposal to share Ethereumâs security costs across apps and rollups proportionally to the value they derive. This concept challenges how we think about onchain value and whether Ethereum can continue relying solely on staking rewards funded by ETH issuance.
Could this idea lead to a more sustainable and equitable ecosystem? Or does it risk driving activity to other chains with lower costs?
Another major focus was the tension between composability and scalability. Rollups have unlocked incredible potential, but they also create fragmentation. Asynchronous composability and interoperability are improving, but are they enough to match the seamless experience of keeping everything on one chain? Meanwhile, usecase-specific chains like Uniswapâs new chain raise questions about whether Ethereum is providing the tools apps needâor if apps are branching out to secure their own interests as L2s?
Finally, we dove into rollup economics and sequencing. Single-sequencer models have been criticized for being extractive and centralizing market power. The discussion explored how ideas like multiple proposers, deterministic ordering, and app-specific sequencing could create fairer systems for users and applications alike.
This is a must-watch conversation.
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