L1-L2 Relationship, Value Capture, And Security Pricing
- Ethereum's value capture model is broken because holders are not paid enough for the security value provided and security is not clearly priced.
- Consumer-grade onchain apps require real-time responsiveness enabled by low-latency block times rather than approximately 12-second confirmation UX.
- Highly gamified high-leverage consumer UX can cause severe user churn if users get liquidated quickly.