> Many have argued that the lack of large-scale applications for the past ten years proves that crypto is useless. I have always argued against this: pretty much every crypto application that is not financial speculation depends on low fees - and so while we have high fees, we should not be surprised that we mainly see financial speculation!
> Now that we have blobs, this key constraint that has been holding us back all this time is starting to melt away. Fees are finally much lower; my statement from seven years ago that the internet of money should not cost more than five cents per transaction is finally coming true.
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All of this depends on so called "Layer 2s", which adds a great deal of UX complexity to the end user. I'm skeptical that this is best way to solve the scalability issues that plague cryptocurrency, but I will say that this looks to me like it has a much better shot of succeeding that anything Bitcoin has ever attempted to do on this front.
Not exactly, L2s are being abstracted away, end users eventually wont even be aware what chain they are interacting with without tracing the tx
First, making recreational drugs illegal is a good policy. Drugs are addictive. They intentionally disrupt your normal brain function. Some people are more affected than others and commit crimes while taking drugs. They disrupt the normal functioning of society. The more people that take drugs, the worse it is for society. Look at the opioid epidemic for a recent US example.
Second, the government should not send mixed signals about drugs. It should not at once ban them, and also facilitate their “safe” consumption. People cannot understand this mixed message. If drugs are bad and shouldn’t be consumed, why is there an official channel for “safely” consuming them?
The result of this double think will likely be further moves toward legalization of drugs, their subsequent proliferation through society, and the further decay of society as a result.