Oh look, all the things the community has been freaking out about, are actually things Vitalik et al have been thinking about deeply for ages and have considered plans for. Here's the breakdown: High level: A) Vitalik highlights that he feels more comfortable talking about DeFi these days expressly because we're starting to solve cost and security issues. B) Pectra release in March gives 2x blob scale. But that's not enough. C) Blobs must become top priority, willing to deprioritize other features. D) You cannot *just* improve blobs in isolation, as this would just result in L2s that detract from Ethereum's experience and economics, you *must* improve L2 security/compatibility/and cross-chain comms. E) L1 teams need to focus on delivering specific L1 improvements & L2s should be contributing more to standards in security and cross-comms instead of just focusing on features right for their chain (we only win from rising tides lifting all ships) So what should each stakeholder do: L1s: 1) L1 R&D should focus solely on PeerDAS, being willing to put other features on hold and deprioritize non-PeerDAS features in the Fusaka release. 2) EF and L1 contributors should focus on talent acquisition in P2P R&D talent for PeerDAS. L2s: 3) L2s should focus on Stage 2/Multi-prover/formal verification. (Too many are currently focused on raising their own gas, or end user experiences, and not enough on interoperability and security standards). 4) After Stage 2, L2s should focus on the interop experience: Contributing to a chain-specific address standard, standardizing crosschain bridges with proofs and no multisigs, synchronous read of L1 from L2. These shouldn't be the responsibility of the L1 R&D to shepherd. Native/Based Rollups: 5) Native rollups should focus on existing. 😅 Bag Holders/"Community": 6) Support applications that enshrine ETH as the main asset, collateral and payment method. 7) Support L2s that prioritize security standards, and/or contribute back to the ETH ecosystem with a portion of fees. On Economics: With this in place, as L2s continue to pay for blockspace we should: 1) Encourage and support L2s that commit a portion of their fees to Ethereum, either by: buy-and-burn, buy-and-stake, or donations to public goods (protocol guild, ef funding, gitcoin public goods etc) 2) Support based rollups capturing value via MEV. 3) Have a base price for blobs as we raise blob count and implement a demand market. (At current demand price, that'd burn around 2.2B in fees/year)