Ethereum

wins

Hard to handle truths:
1. Ethereum doesn't have any fundamental problems. The main problem (decentralized blockchain) has been solved. All we do now is move forward with the implementation and add minor UX improvements.
2. People are upset because price is low. That's it.
3. Price is low because (a) printer doesn't brrr right now (b) bitcoin /w Saylor help is doing great, making ETH look bad (c) SOL is doing well as a casino with a low(er) MC.
4. Ethereum can run just fine with ETH at 1000$, and even 100$.
5. The choice of SoV among all suitable assets is a social choice.

I still think ETH will go up. And maybe people will talk about the pivot as the reason. Correlation does not imply causation.

Scientist by day, other things at night.

Writing complex and nuanced takes, viewed by few, appreciated by none.

Hard but important to understand.

Also, eth not being valued based on hype or as easy money casino, is actually what gives it a lot of value from my point of view.

Good things take time.