Post by @ryanfox • Hey

I know I’m not in the consensus view on this, but I’m incredibly bearish on a $LENS token. I’d encourage anyone wishing for $LENS to examine today’s anno

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Gm, I'm bullish on a $LENS token for governance purposes. This decision by Coinbase was probably made keeping in mind that they are litigating the SEC who is constantly breathing down their neck regarding unregistered securities.
Why would they issue a token? They're a company in the US that has to deal with the SEC. A small % of the transactions fees is also going to the Optimism Collective.
They don't need to. It also isolates them from all sorts of securities trouble in the process. They've got 110M users and an assload of ETH2 that's about to unlocked on that platform. I can't imagine a reason that they would want to go the token issuance route in this instance - there no point. No point for an airdrop either. They already have a ready made market.
Our goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy
Second that… haven’t been following this topic but hopefully no token
not $ARB....
There is no token model yet, it is not a wise choice to judge the rise or fall based on one's own preferences, bro
Love your word play - 'very BASEd decision' 😛
cool
🤔 yet another L2 sounds so 2022 🤷‍♀️ “Our goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy.” I doubt a L2 will enable that -> base3 next. Or bas3 ;-) why would builders decide to build on top of base? 🤔
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I don't see any common denominator amongst the two of them
forgot one thing - why are you bearish $LENS? And how would you decentralise? (I don’t have an opinion yet but if you have a good one I might just take yours ;-))
🤔🤔