Ethereum

biggest blackpill on eth is that it can be incredibly successful, run the global economy, and still be worth something like $50b total marketcap

Unlikely. Ethereums security comes from the ability to 51% attack the network. 

At $50B it’s easily possible for a nation state to attack the network. Which means it won’t be secure enough to run the global economy.

ETH value is directly proportional to the amount of assets secured by the ethereum network.

there is a fundamental mismatch between what the market believes eth to be — just another bitcoin, I guess — and what it actually is.

this should give an idea of how incredibly undervalued ETH is as an asset today. only when we do our job as builders and the market catches up, we'll discover its true value

ETH value is directly proportional to the amount of assets secured by the ethereum network.

there is a fundamental mismatch between what the market believes eth to be — just another bitcoin, I guess — and what it actually is.

this should give an idea of how incredibly undervalued ETH is as an asset today. only when we do our job as builders and the market catches up, we'll discover its true value
https://warpcast.com/woj.eth/0x7cfcd3f2 https://warpcast.com/tayyab/0x77427408

what makes it "directly proportional"?

imagine a world where all permissionless apps are regulated down to niche status, but $5 trillion in bank-issued stablecoins settle on SwiftChain which is an ethereum L2. intl wires are instant now 👍. eth culture remains small and ETH price remains not proportional to $5t