ETH is money.

More precisely: Ether the asset has accrued a monetary premium though use as a store of value, medium of exchange, & unit of account inside the Ethereum economy and (in limited ways) in the broader world.

Left that debate in 2019 because it's obviously true.

The 'ETH is money' mantra deprioritises the potential of Ethereum's token layer to realise multi-asset backed currencies of greater diversity and stability than even the dollar.

Instead, we have sacrificed this philosophical raison d'etre, in favour of proclaiming a volatile commodity money to be the alpha and omega.