[xpl]

Why not use actual Ethereum as a base layer? If you want speed, build (or use) an L2 on top of it.

I can hardly see any value in "yet another private blockchain" — just use a database, duh.

[epinephrinios]

Greed. There's no technical basis. I am pretty sure they considered it and even though L2s do not pay much rent to L1, Stripe wanted absolute control (which goes against decentralization) and all the fees in their pocket. Just hoping this doesn't become another trend.

[arccy]

ethereum is expensive, and there's scaling limits, see all the posts coinbase puts out for their base chain.

[kinakomochidayo]

Those scaling limits are temporary though. PeerDAS in the next hardfork should increase scalability even more on the rollups.

Most of these L1s will likely end up becoming L2s in the near future, especially if they can rake in revenue via sequencers

[system2]

Probably 50 years ago, some skeptics were saying, "Why database, just use a pen and a notepad, duh".

[whimsicalism]

exactly my thought. i have next to zero interest in yet another l1