While agreeing with Vitalik’s point that Ethereum’s valuation model is not solely about revenue, it is still necessary to integrate L1+L2 and collect an appropriate fee share, as well as collect an appropriate fee share from block builders. Although most of Ethereum’s future value will come from decentralized security and the scale of on-chain assets it supports, collecting a fair fee share from L2s and block builders is both justified and consistent with this vision, and will not force Ethereum to become a corporation.
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