Ethereum

One of the problems with eth ultra sound money meme is that it is a community admission that success is tied to relative price action. And there’s no winning that game.

Hmmm… I think price action is the first step in the flywheel that allows public blockchains to become usable for something that can’t be done better via private blockchains

IMO long term utility drives price, not the other way around. Public and private blockchains serve different purposes, not that we have seen particularly successful private blockchains.

Several thoughts but I guess just one for now: #1 utility is money. By a mile. Your sacrificing legal recourse for a decentralized charade 100% of the time when you say “dapps and public blockchains” in the same sentence if the underlying platform doesn’t run on decentralized money imo

Fwiw, I think the best counter to my opinion is public chains allowing for better network effects