Recently, watching L2 fight over TPS, transaction fees, and subsidies to see which is more attractive, I started to get a bit distracted… Honestly, I care more about one main thread: who ultimately has the final say. Can everyone access the data (instead of having to ask someone to look up a transaction later), whether the order will be “taken care of” (the same amount of money going in, the difference in position can be quite large), and whether the finality is truly solid (don’t think it’s confirmed, only to have it overturned later). The terms sound intimidating, but they all point to the same thing: whether the seemingly stable yield or operation will ultimately be destabilized by the system or people. Anyway, when I see high subsidies now, I first ask myself these three questions, which can help curb a lot of impulsiveness.

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