Why I’m bullish on $ETH long term. World’s largest asset manager BlackRock explains the difference between $ETH & $BTC.

ETH = a long term bet on real utility and use cases. 

BTC = a bet on “price has historically done well, it may keep going up!” 

Ethereum is on another level.

Fun fact: Ethereum's Nakamoto coefficient (min number of validator nodes/operators needed to disrupt the network) is actually double Solana’s right now (details below).

ETH = 41 
SOL = 20

LIDO ≠ 1 entity (common misunderstanding that leads to incorrect takes)

Lido is a network consisting of 500+ independent operators. I could be disingenuous and claim that means the coefficient is 500+ but I won't. Sol Foundation originally counted Lido as 1 operator but was also willing to revise their reports. The reality is that ~96% of current stETH is from the curated module, an independent group of 36 operators.

So the correct calculation is:

ETH: 36 (Lido curated module set) + 1 (Coinbase) +1 (Kraken) +1 (Binance) +1 (Kiln) +1 (Etherfi has multiple operators but afaik list isn't public so counting as one entity) = Top 41 validator operators for 50%+ of staked ETH to disrupt the network.

Solana: Top 20 validators by stake needed to halt/censor the network.

Stakeyour.eth

@stakeyoureth