EthFinance

Onchain Data Explorer and ETH Bulliever. Memes are my love language. Let's connect and grow together 🤗

Oh no I'm not here.

ETH is a call option on compute, and the engineers are getting smarter to compress transactions.

There's a world where everyone uses Ethereum, but 1 ETH is $20 due to corporations creating their own L2s and just being hyper efficient at compressing transactions.

ETH maxis put the probability of this at 0%, but I put it probably around 50%.

NFA but...

If you want exposure to the upside in the ecosystem of ETH, I have 2 thoughts:

1. Buy Coinbase stock. They already have an L2 and are leading in capturing value on the chain.
2. Buy Meta stock. A classic thing in business is a leading company throws a billion to take market share. Zuck can't be this stupid to not be working on an L2 at this point. He can be the Standard Oil of Ethereum and just eat all the competition if he wants to. He wakes up and snaps a finger to launch the Whatsapp/Instagram L2 chain with deep integrations, and no one will ever use Venmo or any bank ever again. ZuckBucks for everyone.

I seriously predict the Ethereum story in the next 5 years will be Meta vs. the field (Base, Op, whever else). These two companies can totally afford to make their rollups completely free as well as they compete for liquidity and market share. ETH will be $0, but everyone will use it.

In 2024, @base cut through nearly every incumbent like butter -- establishing itself as the leading ETH L2 and a top 5 chain.

My takeaway from ETH Denver is that @base intends to establish itself as THE top chain globally and now we know how exactly how they intend to do it. 👇

alexander

NFA but...

If you want exposure to the upside in the ecosystem of ETH, I have 2 thoughts:

1. Buy Coinbase stock. They already have an L2 and are leading in capturing value on the chain.
2. Buy Meta stock. A classic thing in business is a leading company throws a billion to take market share. Zuck can't be this stupid to not be working on an L2 at this point. He can be the Standard Oil of Ethereum and just eat all the competition if he wants to. He wakes up and snaps a finger to launch the Whatsapp/Instagram L2 chain with deep integrations, and no one will ever use Venmo or any bank ever again. ZuckBucks for everyone.

I seriously predict the Ethereum story in the next 5 years will be Meta vs. the field (Base, Op, whever else). These two companies can totally afford to make their rollups completely free as well as they compete for liquidity and market share. ETH will be $0, but everyone will use it.

https://x.com/wagmiAlexander/status/1895956640127647901

Narrative violation for economic security/value