OldOneIsTheBestOne

Whether the threat comes in months or years, the takeaway is the same: cryptographic migrations take time. That's why Algorand started preparing for a post-quantum world years ago, rather than waiting for Q-Day to arrive.

Blast will be shutting down. We launched Blast with the goal of building a self-sustaining chain for users and developers. Unfortunately, the economics of operating the chain no longer make sense: the ongoing costs of maintaining Blast exceed the revenue generated by the L2, and we do not see a credible path to making the chain economically sustainable. As a result, we've made the difficult decision to wind Blast down. We're sorry to the users and developers who believed in Blast, built on it, and supported the ecosystem. Our priority now is making the shutdown as smooth and safe as possible. We're asking all users to withdraw their assets from Blast to Ethereum mainnet, including any balances held in the Blast PWA. To make this easier, we will be reducing the withdrawal delay to 24 hours. As part of the shutdown process, we'll first begin withdrawing Blast's Lido assets. This process is expected to take approximately one week. During this period, withdrawals will temporarily be unavailable, even after the withdrawal delay is reduced to 24 hours. Once that process is complete, withdrawals will resume with the new 24-hour delay. Users will have until October 26, 2026 to withdraw through the normal Blast interface. After October 26, assets will remain withdrawable, but users will need to interact directly with the Blast bridge contracts on Ethereum L1. We'll publish detailed instructions before then. We strongly encourage everyone to withdraw their assets to Ethereum mainnet before October 26.

Who am I missing?

Look, I obviously don’t agree with Jesse on everything, and he himself may tell you that I am pretty annoying with my dissents inside CB. But to answer your question, I think it was because it was earned. Jesse willed Base into existence from nothing. In fact, Base sort of created the category that Stripe, Robinhood etc have followed into. Robinhood and Johann are doing a great job btw, very impressive and good to see trenches eating again, but hard to say if their chain would even exist today if Base didn’t exist. Base was created before the major Solana memecoin wave (6 months or so before WIF was created in 2023) which means Jesse fought to ship this through the post-FTX bear market. Obviously Jesse made some mistakes last year. Building stuff is really hard, and building it inside a big public company is even harder. I wouldn’t have made all the same choices he did, and not defending those choices either. But one thing I respect a lot about Jesse is that he still turns up and continues to put the work in every day despite all of CT treating him as a punching bag. Not sure how many other ppl I know that are willing to do that.