kat

Hedge funds are AImaxxing ft.trib.al/lZw1C9s

@DCinvestor what if it really is over this time though?

yes, bear markets always feel existential to many

@CloutedMind hades

vol is at basically historical lows on BTC and ETH expect massive volatility to come in soon on the coins

@Evan_ss6 @TheShortBear spoiler: you can’t

“The real value is likely in the amount of economic activity secured by the network, the credibility of that security, the neutrality of the base layer, and the difficulty of replacing it once enough assets, applications, institutions, and users depend on it.” Explain how it will capture this value

I have never seen so many people capitulating out of $ETH or crypto. Some are writing blogs and essays explaining why it failed, mainly naming how other chains won the race, measured by fees taken in. Some of my thoughts, in these hard times: Time will tell, but I think many people are mistaken in treating $ETH like an end-stage $AMZN, as if the main question is already about mature margins, fees, and cash flows. In reality, Ethereum is still very much earlier in its economies-of-scale phase, with nearly all metrics in the top right corner and growing at mid double digits to tripple. Furthermore, most of the market is focused on the wrong battle: who can become the fastest and cheapest payment processor. Lower fees, higher throughput, faster settlement. But that is likely a race to commoditization, similar to the payment processors crash over the last years. If the only value proposition is speed and cost, then the moat gets thinner over time, easy disruptable. Someone can always be faster. Someone can always subsidize fees lower. Someone can always optimize one narrow use case. The real value may not be in the transaction fee itself. The real value is likely in the amount of economic activity secured by the network, the credibility of that security, the neutrality of the base layer, and the difficulty of replacing it once enough assets, applications, institutions, and users depend on it. That is where Ethereum seems different to me and why so many institutions are choosing $ETH. Most other projects still feel replaceable. They may have better performance in one area, better UX in another, or lower fees in the short term. But if their advantage is mainly technical efficiency, that advantage can be copied, competed away, or made irrelevant. The newest hottest thing today is replacing the hottest thing from last quarter. Ethereum’s bet appears to be much larger: become the most secure, decentralized, credibly neutral settlement layer for the internet economy. Not the cheapest rail. The hardest rail to replace. In the end, the most valuable network may not be the one with the lowest transaction costs. It may be the one people trust most to secure the highest-value assets and applications over the longest period of time. If $ETH can retain its market share while continuing to scale through upgrades that improve speed, throughput, and fees, its potential remains significant, especially if AI agents become truly crypto-native. If it combines all of the above and earn the crown as the leading value-secured network, then $ETH could eventually be viewed as something like a truly decentralized, inflation-adjusting global bond: securing the world’s assets, free from political meddling, and deserving of a premium market cap because of the value it protects on top of the deflationary pressures create incentives to stake, get yield and trust the equivalent of buybacks and griwth in value secured to provide additional value. Keep in mind over 1/3 of $ETH is now staked! In that scenario, $ETH would not just be another asset to hold. It could become one of the only truly neutral and secure bonds for the digital economy. ... But sure, lets compare it to $SOL with 6% inflation, no moat, no security, massive outages, decreasing validator nodes and alike. it just all feels like people are getting lost in short term fees and the easiest valuation attempt rather than what $ETH is actually built for, all while its testing its bottom range and players go full portfolio into AI.

@R89Capital correct

Starting to look the same as the last top The bid has vanished

@AdrianoFeria cope. get out while you still can

Ethereum can operate indefinitely, and remain economically sound, even with very low fee generation. No monolithic chain can credibly say the same. Neither can BTC. Now remind me again: which of these is actually worthy of being classified as a digital commodity that carries monetary premium?

@andyyy wrong

Everyone gave up, checked out, signed off for the bear market. Those of us who stuck around are in a golden pocket of massive upside before the attention and mainstream appeal returns to this market. You are in the right spot. Lock in.

Sorry babe I can't read books any more, I'm spending all of my waking hours managing a legion of agents.

@econoar who cares? means nothing for eth

Path to Ethereum prosperity over the coming years seems to be native privacy and app-specific L2 chains.

@Ausproperty95 its coming

Recessions are needed periodically to washout stupidity. We’ve had it too good for too long. That’s why we have nonsense problems. RECESSION NEEDED NOW.

@cjoye “the state is their startup” - balaji

But they have never worked a day in the private sector; never started a business; built a new product or service; hired a single soul from their hip pocket; or struggled for years, always at risk of going under… What we are seeing is the lid being lifted on those who have always lived completely taxpayer-funded lives trying to take and tax as much as possible to feather the public sector nest. They have never known what it is like to draw a private wage and/or profit. They think it is a zero sum game: any private income, profit or capital gain needs to be redistributed back to government and its dependents. It is the only way they know how to make money: by taxing private citizens and corporations to fund the public oligarchy and its way of life…

@ryanberckmans get out while you can. it’s just vitaliks hobby project now

Weeks like this are hard, where an unfortunate event is jumped on by opponents, creating yet another wave of FUD. Reality is that Ethereum is growing to global ubiquity, and the EF is in a net great position with its best strategy ever. ETH will dominate

@mert you buying ethereum and booting vitalik off the ef?

crypto is dominated by speculators and younger traders who have virtually no time horizon or attention span as crypto takes over, same thing is happening to all markets in such a world, there's great edge in simply having a boomer time horizon all my big wins have been buying distressed assets, working to improve them, and thinking in terms of years vs. weeks

50-60k by sep then up only

@hanni_abu eth is bad

When Ethereum adds native privacy all the grifters will come out and start saying privacy is bad

@CloutedMind get out while you still can. you’re building on vitaliks hobby project

I haven't sold my ETH and i'm still here building on Ethereum🫡

@hanni_abu get out while you still can. it’s just vitaliks hobby project now

nice to see the ethereum crowd rallying together in support of ETH haven't had this feeling in a while, I think we're entering a new chapter

@wmougayar cope

What people miss: the EF is quietly proving nobody is indispensable to Ethereum. It actually gets hardened by serving as a revolving door. Researchers come, contribute, leave, and get replaced. The protocol absorbs them all and keeps going.

@kaereste value prop is bs. who even cares if it’s not captured by the token

If you were buying when Ethereum was all about monkey JPEGs and food tokens, and you're selling when finally big players are starting to understand the value prop of credibly neutral rails, waiting only for the regulators to allow them to use it, then I don't get your thesis.

@hosseeb microsoft the company generates value for its stockholders. ethereum does not.

Ethereum is the Microsoft of crypto.