My thoughts on the Robinhood--Arbitrum news, as leader of a competing technology: 1. Its a big win for Arbitrum, and a well deserved one. They have a very good tech stack and team. I like them. Well done @EdFelten @ajwarner90 @sgoldfed and team! 2. Its a big win for Ethereum and all L2s on it. This indicates more tradfi players will use this set of stacks -- Ethereum, EVM and L2s. That's good news for Starknet. 3. First of Two big questions -- what are the details of the deal: did Arb pay RH, and how much? What has RH promised Arb. I'm really curious to learn more. Worry not, with time, we'll all know. Because, in Crypto, two people can keep a secret as long as one of them is dead :-). Based on the details of the deal, I'll need to reassess how good it was (jury still out on whether the OP-CB deal was good for OP). 4. Second of Two big questions: Will it end up being good for RH? Will the tradfi-->crypto move be captured on an L2 operated solely by RH? My gut feeling is "no", its the same kneejerk reaction I had (and still have) towards the OP-Base deal, but even there the jury is still out (was it a good deal for CB?) Curious to hear your thoughts. 5. One aspect I'd like to fix is that when RH were doing their research, they didn't reach out to us. We, and I, need to up our game so that next Big Tradfi teams exploring such deals do talk to us. Why? Because best tech, period, full stop. ===