vitalik not investing in L2s in foreseeable future

Submit
@VitalikButerin
@VitalikButerin
Replying to @azsantosk

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.

x.com

Vitalik not investing in L2s in foreseeable future

AI summary of the linked article

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.

avatar
Wait, so he‘s not invested in L2s because of optics/neutrality? Am I reading this correctly?
avatar
:) he also made a point essentially L2 are over funded atm, which i agree.