It's evident that alternative store-of-value is >90% of the demand driver for the crypto industry, and arguably the only demand driver for its dominant asset - BTC. 

Yet, it seems there's very little investment in improving this dominant usecase and biggest success story. BTC remains a ticking time bomb, and aside from BTC & ETH, most crypto assets are high inflation dumpsters (literally, for VCs).

Tangentially, all other value accrual mechanisms in crypto should be minimised to remain competitive with non-crypto solutions

Fees, commissions, margins, and yes, tokens, all of that needs to tend towards zero

Tokenless, governanceless, intermediariless, non-profit protocols are the true USP

PS: only applies for valuable 3-5 usecases where strict global consensus is useful, for everything else non-crypto is simply better

What do you think of Sam Kazemian’s “commodity premium” thesis? a call to stop modeling eth value using cashflows the way businesses are valued and more as a product in and of itself.

What do you think of Sam Kazemian’s “commodity premium” thesis? a call to stop modeling eth value using cashflows the way businesses are valued and more as a product in and of itself. https://x.com/samkazemian/status/1850680110699180116?s=46