What’s benefit of posting data of a L1 to another L1, without fraud proof / validity proof?

When I was the CEO over @AleoHQ during the days of Operation Chokepoint 2.0, we had managed to get our money out of SVB after it collapsed and we're looking to diversify into other banks. We had an initial call with JPMC and they expressed interest. But when they realized we were a crypto startup on the first call, the MD proceeded to berate my CFO (who had just come from Citadel) and me (a former a16z investor and US Army Green Beret) about how we were enabling crime, trashing our personal reputations, and pursuing unpatriotic careers just to get rich (!) Needless to say they didn't open an account for us. But after that call I told them I wanted the reason in writing. The email they sent back was some soupy-oatmeal version of AML, reputation risk blah blah blah. We did ultimately find a bank that would bank us, and @AleoHQ successfully launched last year. But that experience opened my eyes to how arbitrary the banking/finance industry can be. So when I hear those losers cry about stablecoins threatening their deposits I'm like "let em cook".

there's a real possibility the circle chain is actually disproportionately more bullish for ethereum vs most other chains (its bearish for anyone) ethereum's killer narrative rn is literally global finance settlement now circles is going to show you why one stablecoin’s not enough

First wall street and fintechs. Then AI pioneers. First online, then onchain.

A glimpse of Mantle Network’s TVL over the past 7 days: ➤ $1.6B+ (+24.8%) It's Mantle szn and we're in full acceleration mode.

The power of @Minipay

the head of defi at ether machine (1.5bn in eth + 1.5bn in usd) has a mfer as his profile pic guys, idt im ready for this

Timing is everything and fintech chains running EVM is bullish for Ethereum. ETH L1 remains open to store state back ups for fintech rollbacks. Fintech L1s are still a ledger and less prone to censorship and manipulation than banks. Trust is on a spectrum. Exciting time for Ethereum.

Ethereum Foundation in suit Higher

Ethereum Foundation in suits Higher