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>sequencer that captures 98%
right now it's L2s, but eventually apps will capture that value
every L1 will go through a similar cycle (yes, solana too)
the only reliable revenue is selling access to shared state
the chain with the most valuable state will make the most
28.7. klo 03.07
The fees per tx on ethereum were greater than $1 for like a whole year and the solution was to move users to L2s which go down and which all still have a multisig that can steal all the user funds, and that run a sequencer that captures 98% of the value that eth L1 stakers should be capturing.
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