Surprising coming from haseeb because this is just entirely wrong and misses the point. There is no chance there’s some sort of magic switch that makes the eth/btc chart do a 180 flip simply by abandoning the l2 narrative and saying we will scale l1. wtf does that even mean? Scaling by definition in crypto just means maintaining quality user experience when volumes increase from anything from execution times and latency to fees. Eths current state is already reflects its best “scalable” state in the last maybe 5 years with its current fees and transaction times, 4844 and Dencun already deployed. , and yet eth/btc is at a 5 year low. The biggest impact of the next pectra upgrade in may impacts POS validators and l2 blobs. So the plan now is after rolling out numerous EIPs to scale l2, then realizing that this just makes rent cheap and drives no value to l1, they should just abandon 2+ years of work to go back to 2017 eth narrative without a single directional plan to execute this? Just nonsense