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Sassal.eth 🎩⛽
@sassal.eth
I strongly believe that exporting ETH as a commodity money/store of value is the primary way that ETH will become more valuable over time. Everything else, such as fee revenue and using ETH in staking, is important but secondary.
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Nicklas
@mr-silverback
Eth is too fractured by layer 2 garbage
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NotFloris 🫂
@notfloris
Too fractured for what? Explain more please. Because this is just shouting something without any substance to it.
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Nicklas
@mr-silverback
Are you retarded? It’s self explanatory. Money is not in one place. It’s spread out on fifty l2s. None of which use eth as gas.
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Sassal.eth 🎩⛽
@sassal.eth
ETH is a commodity money like gold and gold has had no trouble accruing value even though it's in a million different places. Most layer 2's also use ETH as the default gas token - the 2 biggest ones, Base and Arbitrum One, certainly do.
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Nicklas
@mr-silverback
Also we can look at the greater crypto space to see the same thing happening on a larger scale. The pie is only so large and as the 20,000,000 tokens now all require capital… it spreads the money too thin to have a meaningful run of all assets together. This no real alt coin rally of size since 2017
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Nicklas
@mr-silverback
Well that’s what makes it a market. Difference of opinions. IMO Eth dropped the ball by choosing the layer 2 route. But time will tell. It’s certainly been a rough route so far as told by the performance. As time passes we get more shitty L2s we do not need. If we only had base it would be better imo
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