This week I dropped my first formal research paper:
Credible Exit and The Law of Conservation of Blockspace.
It shows the limit on users that Bitcoin layers can support in a "trust-minimized" way, and proves layers cannot actually scale Bitcoin.
It's so over?! No, but this requires earnest/honest protocol engineers and builders to recalibrate narratives and R&D around scaling the taboo concepts of trust, and credit.
Synonym adjusted about a year ago and thus has already begun designing and implementing new ways to address the situation.
One of the most valuable things in Bitcoin is when someone forces the ecosystem to confront physical or economic limits instead of hand-waving them away with marketing.