EthFinance

1/ I find it telling that price has overtaken every other meaningful metric, such as active wallets, transaction volume, number of validating nodes, etc. in the current zeitgeist. Camila’s tweet is the latest example of that disease. 🧵

1/ I find it telling that price has overtaken every other meaningful metric, such as active wallets, transaction volume, number of validating nodes, etc. in the current zeitgeist. Camila’s tweet is the latest example of that disease. 🧵

https://x.com/camirusso/status/1849432939689341378

PhD in aviation ∩ climate science | Aviator, diver, ETH maxi, nexialist | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

2/ In other words, the casino appears to have overtaken the computer, and the new narrative seems to measure the success(or lack thereof) of Ethereum (and other chains) by the price of their token alone.

Excellent observation. I had not noticed the oh-so-subtle drift over the past year or so. The sideways market must really be getting to people.

Writes http://commoncog.com. Books, protocols, and the art of business, from the perspective of an operator. Yes cats.

If everything goes sideways, it's not too bad

If everything else pumps but your bags go sideways, it drives people insane

First principles analysis of technical progress is beyond most people. So price becomes a nice clean platonic form to reduce everything down to