Is it ethical for Bitcoiners to launch L2 tokens?

'I don't see how you compete in a market where everyone's trying to build their own application specific Ethereum rollup or even Solana rollup and you don't launch a token–like how do you even raise money?'

janusz joins

ICYMI: Bitcoin Layers W/ janusz

- Bitcoin L2 approaches
- Bitcoiners secretly love tokens
- ZK tech and interoperability
- catVM
- stablecoins on Bitcoin?

I’m not sure if we’re early or wrong but I’m pretty sure if we’re wrong, we’re early to being wrong which means we can always exit to the people who were late to being wrong

I wonder if the people who are generally against memecoins but hold coins of “real projects” realize that there are ~0 coins that have made ATHs against BTC over multiple cycles (kind of depends on how you define cycle, but not really).

Like, you can say your plans are measured

This whole time we had no idea that Warren Buffett is a French dev

Roaring Kitty really is just regulated Alex Wice

At least these celebrities didn’t do points systems

Digital Oil isn’t that compelling because people have used the internet their wholes lives and never had to pay with a digital oil.

The World Computer though. The world has a cup, a health organization, an economic forum. Ask a normie why the world doesn’t have a computer.

This was really an awesome discussion (imo of course) with janusz who’s building the ~L2 Beat~ for Bitcoin rollups and layer 2s.

Very open minded and willing to question a lot of his assumptions. If you’re interested in rollups in general, check this out, I think you’ll like

“No, I know, it’s weird but you have to press “approve contract” first but don’t worry nothing bad can happen you don’t need to look at what you’re signing, it’s safe”

What if Iggy actually just sticks around the space? What if she just funds new defi primitives and helps make capital more efficient? What if she builds in the open and contributes public goods that disintermediate incumbent financial institutions? What if Iggy Azalea does that?

Vitalik’s baby, the project he’s poured his entire life into, got a US-listed ETF approval last week and he said nothing but went out of his way to retweet a post from 2022 where Ansem noted the ETH community was pretty critical of Luna.

that’s dedication to the social layer

To be fair, a lot of the Luna hate did actually come from the ETH camp for whatever reason

I hope this judge weighs the fact that Trump promised ongoing utility to his NFT holders in his sentencing

The thing about zkSync trademarking “ZK” is that I really do not think this will have a very big impact on my life. I’m not happy about it but also I’m not mad about it because nothing in my life has really changed since they did this. It’s just like a thing that happened I guess

Celebs should be *our* exit liquidity. Onboard them to OHM, onboard them to locking up tokens for 4 years. Sell them on passive income and yield. Sell them on the 4 hour work week. Show them perps, show them how to slide the slippage bar all the way to the right.

Apparently Caitlyn Jenner moved her coin from solana to Ethereum because holders were demanding WW3 resistant economic security

My top signal prediction: a use case

I am horrified to think about what the top signals are going to be this cycle

ETH maxis are just butthurt that Caitlyn Jenner said the value accrues to the app layer. It’s purely an ideological thing, really