Bitcoin is still a young protocol by every measure. These adolescent years are arguably more formative than any other period in its short history because the stakes are already quite high for a groundbreaking project with less than two decades of testing and growth. As I have watched new investors, developers, users and marketers flock to Bitcoin over the past 18 months, the fundamental reasons why a so-called Bitcoin Renaissance matters seems to be given a backseat.
Over this period of time I have been asked countless questions like “What do you think of this new L2?” or “Will this new L2 actually work?” In almost every case, my answer has been, “I don’t know.” Building on Bitcoin is hard, and many people do not know how. Thus, it is hard to know what exactly someone is building, let alone if it will work, if they themselves do not know what they are doing. But this reality has certainly not discouraged founders and investors from trying to earn a profit.
In short, this
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