To survive, the 0L Network needs to solve two problems. We need:
- Abundant capital for security, and
- Abundant capital for recruiting talent.
And if possible, we should solve these problems in a fashion that does not worsen the inequality between members of the community.
Much More Capital Is Needed
The crypto headwinds are significant: Regulatory pressure, fraud, scammers and a macro economic environment that favors the bears. If the network wants to survive the next decade, without any inflation, it needs to reserve a large portion of the network capital for future purposes. We will need to provision a greater amount than our peers who have inflation.…