I think the Ethereum Barbell strategy will prove right. This is how Vitalik explains it: "Ethereum's barbell strategy of L1 and L2 is basically that L2s do the thing that require centralization and they get the benefits of centralization which includes the ability to do HFT but at the same time they benefit from L1 providing security and censorship resistance" HFT = high frequency trading. He's saying speeding up slot times to the millisecond enters you into a reduce bandwidth increase latency arms race that leads to centralization of block production and validation - see nasdaq. If we know this is the inevitable destination of hyperfast chains then we can put the "dictator in a box" by incenting them to become L2s on Ethereum Ethereum L1 = store of value + slower defi Ethereum L2s = high velocity + HFT defi Ethereum playing 3D chess.(RYAN SΞAN ADAMS - rsa.eth 🦄)