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Small typo fix: l1l2future.md #129

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Expand Up @@ -31,7 +31,7 @@ As a result of ten years of hard work governed by this mix of technical and soci

Five years ago, I was not comfortable talking about the latter use case for one primary reason: the infrastructure and the code were not mature, we were only a few years removed from the massive and highly traumatic smart contract hacks of 2016-17, and there is no point in having a 7% APY instead of a 5% APY if every year there is a 5% chance you [will](https://www.gemini.com/cryptopedia/the-dao-hack-makerdao) instead [get](https://blog.openzeppelin.com/on-the-parity-wallet-multisig-hack-405a8c12e8f7) a [\-100% APY](https://www.thehindu.com/sci-tech/technology/defi-hacks-accounted-for-76-of-major-hacks-in-2021/article36219935.ece). On top of this, transaction fees were too high to make these things usable at scale. Today, these tools have [shown their resilience over time](https://en.wikipedia.org/wiki/Lindy_effect), the quality of auditing tools has increased, and we are increasingly confident in their security. We know [what not](https://www.nytimes.com/2022/05/18/technology/terra-luna-cryptocurrency-do-kwon.html) to [do](https://vitalik.eth.limo/general/2022/05/25/stable.html). L2 scaling [is working](https://l2beat.com/scaling/activity). Transaction fees have been [very low for almost a year](https://www.growthepie.xyz/fundamentals/transaction-costs).

**We need to continue building up the technical and social properties, and the utility, of Ethereum**. If we have the former, but not the latter, then we devolve into a more-and-more-ineffective “decel” community that can howl into the wind about how various mainstream actors are immoral and bad, but has no position to actually offer a better alternative. If wed have the latter, but not the former, then we have exactly the Wall Street greed-is-good mentality that many of us [came here precisely to escape](https://x.com/AriDavidPaul/status/1880808247684170033).
**We need to continue building up the technical and social properties, and the utility, of Ethereum**. If we have the former, but not the latter, then we devolve into a more-and-more-ineffective “decel” community that can howl into the wind about how various mainstream actors are immoral and bad, but has no position to actually offer a better alternative. If we have the latter, but not the former, then we have exactly the Wall Street greed-is-good mentality that many of us [came here precisely to escape](https://x.com/AriDavidPaul/status/1880808247684170033).

There are many implications of the duality that I have just described. In this post, I want to focus on a specific one, which matters greatly Ethereum’s users in the short and medium term: **Ethereum’s scaling strategy**.

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