Vitalik Buterin Discusses Ethereum's Economic Model

According to PANews, Ethereum co-founder Vitalik Buterin recently shared his thoughts on the current economic model of Ethereum on the X platform. Buterin highlighted a 'variance problem' in the ecosystem, referring to the volatility in discussions around Layer 1 (L1) and Layer 2 (L2) solutions. He noted that a year ago, the focus was on L1 extracting rent from L2, but now the situation has reversed. Buterin emphasized the need to avoid a mixed economy where tax rates fluctuate drastically based on market sentiment, jumping from 5% to 95%. Buterin proposed designing an economic model where the fees for both L1 and L2 remain reliably above zero, reducing the variance in their rates. He believes that such a model would lead to greater satisfaction among community members. He stressed the importance of maintaining an ecosystem where Ethereum community members feel like they are part of the same team. This includes technical interoperability, shared values and culture, and economic stability. Buterin mentioned several valuable directions worth exploring, such as EIP-7762, rollup-based protocols, and other forms of fee sharing. These initiatives aim to create a more stable and cohesive economic environment for Ethereum.