brypto

this seems true - related, punks specifically feel emblematic of a specific cypherpunkish ethereum L1 culture (stuff like terraforms, xcopy also fit here). the decline of $ETH the asset, and Ethereum L1 as an execution layer, has also led to the decline of this specific culture

i think i used to think punks where like, the premier scarce cultural artifacts in crypto, but this no longer seems true to me, they are specifically the premier artifacts for *ethereum L1*

so ETH L2s can "win", but if $ETH continues to underperform and people don't use the L1 then i'd still be bearish punks

I think Punks can do well even if ETH doesn’t

The current lens of punks being lame and ETH-coded is because the entire alt L1 industry is incentivized to make ETH cultures seem bad (feels like early “console wars”)

Once ETH’s position is more stable I think people can look at it more objectively

Right now the lens is that it’s a lame ETH sub culture but the reality is I think crypto punks represent the birth of the entire post-Bitcoin crypto industry (to me)