More “eth is money” narrative.

Less “eth is ultrasound money / deflationary” narrative.

I’ve never been sold on this eth is money concept. I’ve always looked at bitcoin as holding that primary function. I do however liken eth to oil or the petrol dollar.

Class of 2017 I work in healthcare. Background computer science and Business. Love my family! Obsessed with Ethereum. 

The problem with this view is that it would become unsustainable if L1 revenue tends to zero, 

which would be the case unless scaling is limited.

Agreed with the idea of l1 rev to zero. The security of the system would rely on monetary premium if the uses didn’t drive the revenue. But what if the revenue was driven by the use cases and less monetary premium? If ethereum was useful then do you need monetary premium

Revenue tends to zero in a scenario ethereum is a platform that has many many valuable use cases? Ethereum sells block space. Maybe I am misunderstanding.. are you saying Revenue for block space goes to zero when you have a bunch of use cases competing for that block space?

I do think the use cases on top of ethereum will be very valuable, but this is different from revenue and value capture.

Revenue can be fees and mev capture, both of which tend to zero assuming a sufficiently long time frame — even with a valuable ecosystem.