Stablecoins, Venmo, and decentralization tradeoffs

Layer 2 was supposed to scale Ethereum.

But what if it fragmented it instead?

I

n this episode, we break down:

• Why public chains are “expensive databases”

• Why composability is Ethereum’s real value

• Why stablecoins don’t need blockchains

• Why L2 may be weakening Ethereum’s core

Is scaling helping Ethereum — or hollowing it out?

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