1/ the future of $ETH / #Ethereum
- 99% of user tx's will be on L2 within 3 years (paid to rollup providers with ETH and other currencies)
- L1 gas prices soar as L2 rollups increase tx density and thus raise gas prices
- incredible amounts of ETH are burned daily w/ EIP-1559
- 99% of user tx's will be on L2 within 3 years (paid to rollup providers with ETH and other currencies)
- L1 gas prices soar as L2 rollups increase tx density and thus raise gas prices
- incredible amounts of ETH are burned daily w/ EIP-1559
2/ in this world for most users, $ETH's primary use is as a programmable store of value / reserve asset in the Ethereum digital economy
if users transact with it, more often than not, they will replace it
it will see significant reserve demand and increase its monetary premium
if users transact with it, more often than not, they will replace it
it will see significant reserve demand and increase its monetary premium
3/ this is based mostly just on the inherent properties of $ETH as i see them, which are still not well-understood by the market
over time, the value proposition of using #Ethereum versus some other L1 will be censorship-resistant, non-custodial access to ETH as a money / SoV
over time, the value proposition of using #Ethereum versus some other L1 will be censorship-resistant, non-custodial access to ETH as a money / SoV
4/ a lot of people aren't ready for this world,
but if you think about the incentives of public blockchains, the unique positioning of $ETH vesus other L1s, and the realized utility of #Ethereum,
i believe these things are inevitable
but if you think about the incentives of public blockchains, the unique positioning of $ETH vesus other L1s, and the realized utility of #Ethereum,
i believe these things are inevitable
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