# vitalik not investing in L2s in foreseeable future 

Source: https://x.com/VitalikButerin/status/1831798333410873736
Kiwi News: https://news.kiwistand.com/stories/vitalik-not-investing-in-L2s-in-foreseeable-future?index=0x66da8cd1dc2e3c03b5b0a13df50aec0cf735e0e26801e593ba5036c2d9930b603b7c1bbd
Submitted by casslin.eth on 2024-09-06 UTC, 8 upvotes, 2 comments

## Summary

Vitalik Buterin is not investing in L2 projects in the foreseeable future, saying that a clear public stance currently seems worth more than the financial gains of such investments. He notes that money given to a company could instead be exchanged for commitments to be positive-sum toward Ethereum or humanity, and that such a commitment can easily be worth more than 0.14% of a company. He says a clear stance sets an example and increases confidence that he is not part of a plot to twist the Ethereum protocol toward benefiting L2 and infrastructure tokens he holds.

## Article

There are other options to get leverage out of giving money, eg. it can be in exchange for commitments to be positive-sum toward ethereum and/or humanity in some specific ways, and the value of that commitment can easily be greater than 0.14% of a company.

But the bigger-picture answer is that the gains of the cycle you describe are real but seem at present less than the gains of having a clear stance that sets an example and increases confidence that I'm not part of some plot to twist the ethereum protocol in directions that benefit random infra/L2 tokens that I hold.

## Comments

**tim**: Wait, so he‘s not invested in L2s because of optics/neutrality? Am I reading this correctly?

**casslin.eth**: :) he also made a point essentially L2 are over funded atm, which i agree.