Which chain, BASE?
Cloudflare Introduces NET Dollar
71–79 of 79 posts
Re: Cloudflare Introduces NET Dollar
#72It's an interesting move from Cloudflare, and entirely rational from their point of view. They need to deal with a coming tidal wave of agentic bot traffic, and one expedient way to do this is erect a toll booth that forces agents to identify, whitelist, and/or pay for access.
I wrote up more detailed thoughts here: https://www.pberg.com/blog/2025/09/25/cloudflares-agentic-to...
Re: Cloudflare Introduces NET Dollar
#73Earlier quoted context omitted.
The product page [1] is the most vaporware-y that I’ve seen in a while. That said, they’re emphasising speed. (“Instant.”) That seems to preclude using a major, public blockchain. (On the other hand, they don’t talk up privacy.) [1] https://netdollar.cloudflare.com/
If you define instant as less than half a second then Solana, Avalanche, and various L2s are instant.
L2 are by design a centralized crutch to "fix" slow L1. They usually work like "oh, let's do all transactions virtually on a side, managed by some centralized pseudo-bank, and then only write sum total on L1". Lightning works like that, likely others too. I don't understand how tokenbros ignore this issue, a least people who claim that tokens are currency replacement.
Re: Cloudflare Introduces NET Dollar
#74I have found that grand announcements like these that aren't accompanied by "you can use this for starting today" are likely not going to amount to much.
Does Cloudflare have a history of bullshit announcements? (Serious question.)
https://blog.cloudflare.com/cloudflare-tv-as-a-service/
Idk what this is
Re: Cloudflare Introduces NET Dollar
#75Is US dollar backed a good thing? At this point we should be backing things on gold, platinum. The Australian dollar has gone up about 20% vs the American dollar since Trump.
> Is US dollar backed a good thing? At this point we should be backing things on gold, platinum.
It's about making free money, not about making sense. They back it with USD because recent US regulations allow stablecoins to be backed by US securities. They will buy these securities, and for every dollar converted into their coin, they will earn a percentage per year. Free money.
Re: Cloudflare Introduces NET Dollar
#76Basically they will become the toll-lords of the internet.
And because of that, THEY can choose what they accept as payment.
A stablecoin (probably just run by them but technology coming from one of the stablecoin providers like Paxos) is perfect for this, as it will be regulated and akin to a digital dollar, with the addition that they can earn yield on treasury bills at the same time.
Pretty smart.
Re: Cloudflare Introduces NET Dollar
#77Cloudflare had a busy birthday week.
Re: Cloudflare Introduces NET Dollar
#78Earlier quoted context omitted.
If you define instant as less than half a second then Solana, Avalanche, and various L2s are instant.
L2 are by design a centralized crutch to "fix" slow L1. They usually work like "oh, let's do all transactions virtually on a side, managed by some centralized pseudo-bank, and then only write sum total on L1". Lightning works like that, likely others too. I don't understand how tokenbros ignore this issue, a least people who claim that tokens are currency replacement.
Yup. Centralized crypto arbitration is generally where you separate the decentralized die-hards from the centralized chaff.
The funny part is how cryptobros insist that it's an actual solution, but companies universally ignore it to make an L1 chain (because there's no point wasting your time making an L2).
Re: Cloudflare Introduces NET Dollar
#79Earlier quoted context omitted.
If you define instant as less than half a second then Solana, Avalanche, and various L2s are instant.
L2 are by design a centralized crutch to "fix" slow L1. They usually work like "oh, let's do all transactions virtually on a side, managed by some centralized pseudo-bank, and then only write sum total on L1". Lightning works like that, likely others too. I don't understand how tokenbros ignore this issue, a least people who claim that tokens are currency replacement.
Coincidentally Vitalik just wrote about this (which was helpful to me since I haven't followed L2s closely): "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. ... The security that L2s provide ... reflects concrete properties that protect you as a user from being rugged. ...if an L2 shuts down, users are automatically able to withdraw funds even without that L2's involvement" https://xcancel.com/VitalikButerin/status/197025849899604824...
I still prefer well-designed L1s because they are simpler.