Meher Roy, CTO of Chorus One explores the scenario where ETH L1 token loses value against the L2 tokens that are emerging.<p>He revisits Ethereum's scaling history and talks about the new layer 2s that are emerging like Starkware.<p>He posits that liquidity will leave ETH L1 in favor of ETH L2s and also ETH's pivot in narrative to adopt 'moneyness' as an attribute is dangerous.