six
@six
I do think ETH will be fine, I just struggle with the case for owning it vs BTC/SOL, and haven’t heard a good case for why it’s bullish *against* those assets. We saw like a week post-election where it outperformed, and then ETHBTC got sent back down to new lows. Would be keen to hear a material case for ETHBTC or ETHSOL being green over the next 1y
16 replies
11 recasts
94 reactions
six
@six
Specifically $ETH the asset not “Ethereum”
1 reply
4 recasts
38 reactions
CRYPTOforCHANGE ↑
@cryptoforchange
As someone who came from the flourishing world of Algorand… my thought would be does the main token of a chain need to be an asset that continually moons for the chain to grow and be useful. In the case of something like $ALGO.. the cheapness of the token actually helps with barrier to entry being cheaper for anyone in the world to buy and use to transact (gas fee). I know Ethereum is a totally different machine (EVM/AVM) but can a network thrive and grow if the token is not continually growing in price. Also no idea how the price could affect the security of the chain. I know this has also been an issue for some in terms of someone’s ability to control a large “stake” due to the cheapness.
1 reply
0 recast
2 reactions