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Thomas
@aviationdoctor.eth
> ETH needs its own Michael Saylor With all due respect to @sassal.eth and others who hold this view: I don’t think it does. The only reason BTC maxis love Saylor is because he holds the promise of pumping their bags. It’s a Faustian growth hack, though. If BTC moons, Saylor becomes its natural figurehead and spokesperson. If BTC dumps hard, $MSTR becomes a single point of cascading failure. Either outcome is terrible. It would be much more antifragile for BTC to achieve the same scarcity by being near-evenly spread across a large population. As for ETH, there’s only enough supply for every human on this planet to own 0.015 of it (~$50). Imagine a world with far fewer whales and much more krill — true abundance. To repeat: we don’t need a Saylor. Instead, we need to organically put ETH into as many hands as possible, which itself requires that we keep increasing its utility https://x.com/sassal0x/status/1870620451917209603
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Sujit 🇮🇳 🎩
@0xsujit
ETH has their own Michael Saylor, it's the called Ethereum Foundation. Except instead of buying they sell.
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Thomas
@aviationdoctor.eth
You might be saying this in jest, in which case please ignore me; but in case you’re not, then this is just tedious FUD. The EF must occasionally sell to fund its grants to dozens of useful projects that move the ecosystem forward, and these projects can’t always take crypto payments for various reasons. The EF also hadn’t sold for a very long time due to regulatory uncertainty, so the recent unlocks look steeper than they are when averaged over the EF’s existence. It’s not that much money for the work being done. All of which has been explained ad nauseam incl. by the EF itself in its report. Lastly, the philosophy of subtraction matters here — the EF will eventually fade away and dissolve, it’s not meant to be a permanent entity that hoards ETH, and it definitely does not exist to pump anyone’s bags https://warpcast.com/aviationdoctor.eth/0x04b51a02
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