polynya
@polynya
It's evident that alternative store-of-value is >90% of the demand driver for the crypto industry, and arguably the only demand driver for its dominant asset - BTC. Yet, it seems there's very little investment in improving this dominant usecase and biggest success story. BTC remains a ticking time bomb, and aside from BTC & ETH, most crypto assets are high inflation dumpsters (literally, for VCs).
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Michael Depetrillo
@klassicd
Not gonna lie the ultra sound money narrative was enticing, but I fell in love with Ethereum because it's our best shot at a P2P electronic cash system.
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Nico
@nico9111
Probably not my favorite narrative to describe ETH, and now that usage has been pushed onto L2s to scale, it’s pointed out as an Ethereum weakness. Once blobs are full with increased usage and that congestion fees make up the majority of revenue over MEV, the burn will exponentially increase and the ultra sounds money narrative will come back. Inevitable
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