Recently, everyone has been madly accumulating points on various L2s. After seeing this false prosperity for a while, it really becomes tiresome. When you calm down and think, what does Web3 really lack? It's not a faster chain, but rather the money to directly buy coffee. I've been keeping an eye on the Plasma project for a long time; the most counterintuitive aspect is that it doesn't force you to hold the native token to make transfers. This is quite similar to the logic of Web2, where you don't need to buy Tencent stocks to use WeChat Pay.
Comparing it to the exorbitant Gas fees on the Ethereum mainnet, or the cross-chain transaction fees on Arbitrum, Plasma's native support for USD₮ and zero fees indeed hits the nail on the head for payments. Most projects in the market are doing 'addition', creating all sorts of complex Staking setups, while Plasma is doing 'subtraction', working with the Rain card to create an online and offline closed loop. I believe this is truly doing the business of 'withdrawing funds' and 'consuming', rather than just mutual liquidation on the chain.
However, I have a question: if payments are too smooth and everyone doesn't need to hold coins to pay for Gas, where is the support for coin prices? Is relying solely on buybacks and burns enough? This might be something the team has to prove to the market next. In this era of rampant bubbles, projects stubbornly engaged in infrastructure may either go to zero or become legendary; there's no middle ground. I don't recommend going all in, but I suggest you genuinely transfer a few transactions to experience it, rather than just staring at K-lines and fantasizing.
