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Sassal.eth 🎩⛽ pfp
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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Vitalik Buterin
@vitalik.eth
What are some specific actions (other than yelling "ETH is money, hold it!") that we can take to "export ETH as a commodity money/store of value" more effectively?
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Sassal.eth 🎩⛽ pfp
Sassal.eth 🎩⛽
@sassal.eth
Scaling Ethereum blockspace and growing the Ethereum economy is the obvious one - whether that be at L1 or L2's - more people can then use ETH as programmable money (staking, DeFi collateral, AMM pools, gas fees etc). Getting ETH on company/org balance sheets and ultimately in nation state treasuries is also very important (this requires direct outreach though).
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@chaskin.eth
To truly replace BTC as the go to store of value, we need to be 10x more secure and we have to be able to explain why Ethereum’s tech is constantly improving - from proof of stake, to a future with lower staking thresholds and stateless clients that let anyone help secure the network. We need to make it clear that Ethereum is far more decentralized, while Bitcoin is stuck with ancient tech We’re already more decentralized (though this isn’t obvious enough to the public it will be as we decentralize further), more energy efficient, and easier to self-custody. The key is showing everyone that we’re not just catching up, we’re leaping far ahead, and this trend is only going to continue
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Sophia Indrajaal
@sophia-indrajaal
BTC has the store of value narrative locked down pretty tight. But as money, it's not great. ETH narrative- global computer, if it bears fruit, then ETH becomes actual money. BTC can work if people believe it does, ETH needs more, it needs to be an economy that people use to spread the idea of it. Ethereum as the rails for global AI commerce is the way. If the question is about spreading the idea, on-boarding people, then showcase what it is already doing. Best way to do that is pump the ecosystem, have market makers pump the "AI coins" and bring attention to that, and focus on continuing to build it. Farcaster is the most bullish thing I've seen in crypto, it actually gives me some hope, and far beyond "number go up".
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Veinoflogic
@veinoflogic
Build insanely cool apps using programmable cryptography. Build insanely cool apps using programmable cryptography. Build insanely cool apps using programmable cryptography. Build insanely cool apps using programmable cryptography. Build insanely cool apps using programmable cryptography.
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Danny
@mad-scientist
1. Top researchers and maybe EF outlining, in a single consensus document, standards for best-practices for bridges. Pushing for stage-2 equivalent for bridges on L2beat (currently it doesn't look good there). Maybe even publicly endorsing bridges that did a good job. 2. If/when large institutions ask, let the EF advise them on best practices (in a neutral way, equal access to all).
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Sebastian BĂĽrgel
@scbuergel
Why is it even a desirable goal that ETH gets more valuable over time (other than my ETH bags going up and correspondingly somewhat increased security)? I see a lot of downstream drama of hyper-financialization (centralization, censorship, capture) that a Cypherpunk world computer as a goal wouldn't lead to.
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smallforest.eth
@smallforest
Issue gold ETH coins redeemable for a stated amount of ethereum
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Mocanh16
@mocanh
đź‘Ť
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