I haven't looked into them in great detail but they're definitely incentivised to minimise their onchain footprint.

This was a problem faced by eth/ERC20 as it's value increased in fiat terms. It's value was determined by it's utility and it's utility is hampered by it's value. Their incentives are all messed up.

I trust Bitcoin's incentive structure.

Reply to this note

Please Login to reply.

Discussion

Ethereum has had quite the identity crisis over the years. 🍿