He's wrong. The problem is that practically 90% or more products that have been build, L1, L2 and L3 chains that have been released are scams. We do not need new altcoins, we do not need new layers, none of that matters. He also invested in many of these legal scams and now he whines about the wrong problems being solved. The layer and technology narrative is just another trendy thing that they managed to sell to altcoiners that believe that shitcoins like ETH will save the world. We need fewer projects, fewer chains, fewer nonsense.