
David Hoffman|Mar 17, 2025 17:14
Let me get this straight
- We're taking assets from an open-source permissionless ecosystem, and putting them on a new L1 "with a permissioned validator set composed of traditional finance entities and centralized exchanges"
- We're staking synthetic dollar derivative for "economic security" of the permissioned L1
excuse me but what the fuck
we learned the private blockchain lesson in 2018-2019
dYdX migrated away from Ethereum in 2022 and then died
what the fuck are we doing
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