Out in the dusty expanse of the Ethereum frontier, where the wilds of code clash with the dreams of millionaires, co-founder Vitalik Buterin has thrown his hat in the ring for Coinbase’s Base L2. “They’re doing it the right way,” he declared, like some grizzled sage sipping coffee at a crypto diner. “Decentralization, y’all, but make it look good.”
Amid whispers of centralization and sequencers playing dress-up as exchanges, Buterin leaned back in his chair, squinting at the screen like a man who’s seen it all. “Base? It’s got the charm of a saloon and the security of Fort Knox. They don’t hold your keys-they just help you jingle ’em right.”
Base is doing things the right way: an L2 on top of Ethereum, that uses its centralized features to provide stronger UX features, while still being tied into Ethereum’s decentralized base layer for security.
Base does not have custody over your funds, they cannot steal funds or…
– vitalik.eth (@VitalikButerin) September 22, 2025
Buterin, with the patience of a man explaining blockchain to a goat, clarified: “L2s are non-custodial. They’re like the porch of Ethereum’s house. You own the key, and no one’s gonna kick you out unless the whole house burns down-and even then, you’ve got a ladder.”
He stressed that if Base ever folded like a bad poker hand, users could just waltz back to Ethereum’s mainnet, “like a stubborn cactus refusing to die.”
Addressing Misconceptions About Layer-2 Platforms
Meanwhile, across the regulatory plains, SEC Commissioner Hester Peirce raised her voice like a town crier: “These sequencers? They’re not just infrastructure-they’re exchanges in disguise!” But Coinbase’s legal sharpie, Paul Grewal, scoffed. “We’re AWS, not Wall Street. Just because we host apps doesn’t make us the mayor of Manhattan.”
The Path Toward Greater Decentralization
Base, ever the ambitious pup, now eyes a native token like a coyote eyeing a chicken coop. Jesse Pollak, Coinbase’s protocol wrangler, hinted at governance systems and incentive alignment, all while dodging questions like a politician in a mud pit.
CEO Brian Armstrong, ever the diplomat, shrugged: “No plans yet, but we’re chatting with regulators and the community. Like a family BBQ, but with more lawyers.”
And so, Base roars ahead, securing $16 billion and churning out 330 million transactions monthly, like a gold rush with better UX. With Trump’s crypto-friendly winds and a potential new token in the works, it’s the Wild West-if the Wild West had a UX audit and a Twitter thread.
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2025-09-23 18:36