Lately, everyone has been arguing about L2—some say the TPS is high, others say the fees are lower, and some claim the ecosystem subsidies are outrageously generous… I’ll suppress my impulse for now and clarify the main points: When you’re “doing things” on it, what you fear most isn’t being a bit slower, but ultimately discovering who is responsible for storing the data, who has the final say on transactions, and when it’s truly considered to be implemented.

Data availability, simply put, is: if something goes wrong, can I retrieve the ledger materials for reconciliation; ordering is: for things submitted at the same second, who goes first and who goes last, so you don’t get inexplicably jumped; finality is: don’t roll back after a couple of days and still be celebrating. The terms sound intimidating, but they’re really just “evidence, queue, and finalization”—three key issues.

But honestly, the more I argue about it, the more annoyed I get… When subsidies kick in, everyone suddenly acts like they’ve forgotten everything, fixating on cheap transaction fees. I get the itch too, but I’d rather first draw out the wallet relationships, see who’s allied with whom, so at least if I lose money, I know why I lost.