Ethereum will disproportionately benefit from AI vs alt L1s. "Bitcoin will absorb all innovation" was a meme that never came true. But I think it will be true for Ethereum. Ethereum's biggest risk has always been technological obsolescence by faster-moving competitors. But if AI speeds up development by 5-10x, Ethereum will be able to rapidly absorb any worthwhile innovation an alt-L1 comes up with. Combined with existing network effects, Ethereum becomes almost impossible to displace.(Michael McGuiness)