Recently, everyone is arguing again about the incentives for new L1/L2s—talking about things like “mine-then-propose-then-sell,” and saying it’s ruining the vibe… I’m not taking sides. In any case, I’m focusing on one main thread: whether the money and the status actually “land” in the end. Data availability, frankly, comes down to whether the records you generate from your transactions can be accessed later—whether other people can look them up and reproduce the results. Ordering is simply who comes first versus who comes later, which determines whether you keep getting cut in line. Finality is whether this whole matter is truly settled—so it doesn’t get rolled back and “flip” and crash again the next day.

The terminology sounds scary, but really they’re all asking the same question: where does the trust I hand over actually end up? As for incentives: they can pull TVL in quickly, but if ordering and finality are a mess, it’s normal that long-time users complain. I don’t need to be understood—I just need to remind myself: don’t let yourself get swept along by the excitement; first, figure out that underlying line clearly before anything else.