24 reasons $ETH is extremely undervalued...

A thread by 🥐
1. Smart Contracts

A smart contract automatically executes code once specific terms are met

It is the first form of programmable money to exist, & users can rely on it to create decentralized money legos free of censorship

Lend, borrow, swap, & do much more with them!
2. Stablecoins

$ETH is home to many stablecoins which have grown tremendous use cases:

$USDT: $62B
$USDC: $25B
$DAI: $5B
$TUSD: $1.5B

They are very popular for use in DeFi, & VISA will soon accept tx settlement in $USDC

$USDC has grown from a $4B mcap, to $25B this year
3. DeFi

DeFi has exploded because of its attractive yield, flexibility, & its non-custodial nature

With DeFi, we can become our own banks by cutting out the middleman involved

It is restructuring the industry of finance as we know it today, and it’s not stopping
4. dApps

A total of 94 out of the top 100 crypto projects are built on $ETH, with more than:

-3,000 dApps
-200K ERC20s

These protocols often have many further use cases involving $ETH, creating the fundamentals for the Web 3.0 economy

& they are decentralized & open to anyone
5. Developers

One thing that has shocked many is the attention $ETH has gotten from devs

It is sucking in the worlds talent at a pace we can’t begin to comprehend

Since Q3 2019, $ETH has gained more than 300 developers every month, growing at a pace faster than even $BTC
6. Insurance

Off-chain oracles & ETH offer an elegant solution to the trillion dollar insurance industry

Smart contracts can automate claims, offering farmers coverage across the world

This process is fair & efficient, as many don’t even have the option to get insurance today
7. Interoperability

This is one of the subjects I feel many people underestimate the implications of

$ETH will unlock potentially hundreds of billions in liquidity from POS blockchains through interchain accounts & interoperable liquid staking derivatives
8. NFTs

NFTs on $ETH have picked up a lot of steam, attracting attention from both GameStop & Twitter

They are unique tokens which can be used by creators to tokenize a wide range of content (not just art)

If one thing is for sure, it’s the fact that NFTs are here to stay
9. Metaverse

NFTs on $ETH will power a universe beyond our own

This will be propelled by virtual reality technology pioneered by the largest companies in the world

We’re talking about matters of augmented reality, virtual ad space, tokenized in-app purchases, & much more...
10. Digital Land

Digital land, unlimited by physical space like land today, can be tokenized and used to build entire economies that are owned by the players

If virtual reality becomes more commonplace, virtual land could eventually evolve to a trillion dollar marketplace
11. DAOs

DAOs are entities made up of any number of individuals who maintain the group’s decisions in a distributed manner

Individuals can use tokens to vote and propose ideas they want for the protocol

These have come to be some of the largest bootstrapped communities we know
12. Synthetics

Synthetic tokens offer a wide range of pretty much any stream of value you can think of. Blockchain oracles relay price feeds to synthetic token protocols.

This allows for people to trade stocks on the stock market, data feeds, precious metals, and much more!
13. Lending & Borrowing

On $ETH, lending protocols are quite literally already putting up some significant numbers against banks

There are hundreds of thousands of borrowers who have utilized these systems to get a loan without any need for a bank, often even at a better deal
14. Triple Halving

This concept describes how $ETH will undergo a supply shock equivalent to 3 #Bitcoin  halving events in the next 12 months alone with the transition to POS

EIP-1559 will also play a large role in the net future decrease of $ETH sell pressure

15. EIP-1559

This UX upgrade (expected soon), could actually prove $ETH to be a deflationary asset 🔥

Furthermore, it will make gas fees much more predictable

Had it already been live, more than 2.94M $ETH would have been burnt from the supply this year alone

h/t @finematics
16. Proof of Stake

$ETH will transition from the proof of work consensus model to proof of stake

Users can then earn interest on their $ETH by staking it, becoming a node in the network

This is the fastest growing protocol about to offer a significant dividend to investors...
17. Layer Two

There are a lot of projects working on layer two scaling solutions at an effort to bring $ETH to the next level of scaling

They focus on highly complex topics such as optimism rollups & zkproofs

Layer two solutions may have the ability to bring $ETH to 2,000 TPS
18. Platform Agnostic

One of the unique features of NFTs & more on $ETH is that they work in a platform agnostic manner

Tools can be easily integrated across a wide range of applications with easy sign in options

This will be the foundation for the transition to Web 3.0
19. Creator Economy

Tokenizing intellectual property and content, especially in the open source world, can be a way to monetize and show support for various people

It gives a new level of power to creators, and may push the open source industry to an entire creator economy.
20. Universal Market Access

Having universal access to any market is a concept not many seem to believe is possible today

It opens up a world for individuals across the globe who can no longer be censored or are unable to get financial services today, on the $ETH blockchain
21. Adoption

Contrary to the last run of crypto in 2017, we didn’t have the real world use that blockchain is now seeing today.

IOT, DID, and DLT’s will be massive.

VISA, PayPal, & Amazon are just a few high value examples of some top companies taking an interest in $ETH tech
22. Gaming

Whether it be currency or collectibles, $ETH & gaming go hand in hand

$GME is integrating NFTs on a massive scale & diving into esports as well

Can you imagine connecting to your favorite game with your wallet & automatically having items you’ve purchased via NFTs?
23. ETH 2.0

This upgrade introduces sharding, proof of stake, & other enhancements to the security of the network

If successful, it will add a new level of sustainability and scalability for $ETH

Furthermore, security of the network will be significantly greater for wider use
24. Supercomputer

$ETH is the world supercomputer. Vitalik took ideas from $BTC and added a programmable base layer for devs to build on top of

This continues to add a whole new level of functionality to blockchain as we know it today...

We haven’t even scratched the surface.

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More from @CroissantEth

4 Jul
Crypto underwent a series of coordinated attacks these last few months.

I wanted to take the time below to illustrate just how much was thrown at the market on a timeline, and then discuss some of my feelings on this...

Let’s dive in! 🥐
April 16th, 2021

A coal mine in Xinjiang flooded, damaging miners in the area and resulting in the #Bitcoin hash rate dropping by 35%.

This also brought up serious concerns from the Chinese government who began to hint at a ban on mining.
April 16th, 2021

Reports of Coinbase insiders and early investors selling roughly $5B of $COIN on its opening day broke, and headlines quickly spread

Updates to reports a few days later conveniently added background on a direct listing (excusing the selling for liquidity)
Read 25 tweets
2 Jul
Time for a short thread 🥐

Disintermediation is one of the largest use cases for blockchain we have ever seen.

By cutting out all the middleman, many companies are able to increase profit (and typically user experience)

This is a common trend when old tech gets replaced...
In fact, many of the top companies in the world today operate at a sole premise to do just that!

Airbnb owns no property, but accommodates guests.

Netflix owns no movie theaters, but owns some of the largest selections of movies.

Uber owns no cars, but offers taxi services.
Spotify owns no music industry label, but cuts deals with thousands of artists.

Facebook owns no ad agency, but offers marketing + branding on their app.

Amazon owns no large contractors, but instead hires independent contractors like Uber to deliver their products
Read 5 tweets
1 Jul
Let’s talk a bit about #Bitcoin, the dollar, and gold

In this thread I will touch on highly complex topics & hope to tie it all together

Please stick to the end, it will be worth it 🥐

Before we dive in too deep, I’ll have to give you some quick background info on the topic...
Sound money...

What is it? Certainly not the dollar as we know it today.

The concept of “sound money” is best explained as a currency which has intrinsic value.

That is, if it weren’t a currency it would have inherent value whether as a means of trade, or store or value.
Think of things like #Bitcoin, Gold, Silver, & other fixed supply assets

Metals have been valuable for many years. This is because of their historical use for trade, purposes of hedging against inflation, & more

A long time ago, money was actually denominated in gold or silver.
Read 25 tweets
12 Jun
Many people believe that upcoming anti-money laundering & environmental regulations from the government will be the downfall of crypto

I am here to argue that it will lead to one of the largest “priced out” events to occur in the history of #Bitcoin

Why? Allow me to explain...
The first thing I have to discuss for this to all make sense is an acronym in finance called ESG.

Largely thanks to Joe Biden & the coronavirus, this concept of Environmental, Social, & Governance priorities is now being pushed for many investments

What does this mean?
Investment managers are now often inclined to invest in companies of a high “ESG score”

These investment managers are registered by the SEC

Publicly traded securities are favored by ESG score attributed to them by data analysts

This is already the case in an index from Canada:
Read 24 tweets
10 Jun
Last week I wrote about @elonmusk’s potential “end game” plan for #Bitcoin& the post blew up far more than I would’ve ever imagined

This has inspired me to write a follow up with some more info on how @elonmusk may be revolutionizing the energy market with $BTC

Let’s begin! 🥐
Earlier, I theorized that @Tesla may have a larger plan for integrating the Bitcoin network than many seem to understand

After all, why would a solar company invest nearly 10% of their cash in $BTC only for Elon Musk to tweet negatively about it almost right after?
The answer to this question is simple...

Tesla’s main business is in solar energy. This consists of solar roofs, panels, power-walls, utilities & much more

This energy can be monetized with a particular use case including $BTC. @CathieDWood explains this concept further below:
Read 27 tweets
1 Jun
@elonmusk has had a big impact on crypto recently, & because some of his actions have been a bit unconventional, I was inspired to dig in a little deeper to find out what exactly his “end game” is

& what I’ve found does not disappoint.

I’ll compile all of the info below 👇🏻🥐
This story begins a short time ago after Elon made the now-infamous tweet that Tesla will accept $BTC

$BTC rallied from this news, only for the hype to be cut short by complete reversal in policy from Tesla

Tesla will NOT accept $BTC for payments, citing environmental concerns ImageImage
This action led many to wonder why, just a mere few weeks after his company invested over $1B into $BTC, would he blatantly speak negatively about it?

Surely he has a reason to do so, right?

Well after taking a look at some hints left in his tweets, that appears to be the case
Read 25 tweets

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