“Ethereum _needs_ to have an even bigger oversupply of capacity for the next 5-10 years, otherwise it is far too risky to build on.”

“Why hold the L1 token” is an existential question all chains will have to grapple with.

We spent years arguing about “moneyness” only to get walloped by the grand daddy, USD.

The community needs to better understand how different growth phases play out and how we expect that to be reflected in the metrics. Here are three examples:

Stablecoin crowding out ETH: Crypto adoption would never explode without USD surpassing native crypto volumes. You can't

Hasu⚡️🤖

“Ethereum _needs_ to have an even bigger oversupply of capacity for the next 5-10 years, otherwise it is far too risky to build on.”

https://x.com/hasufl/status/1912439030030999586