1/ 🧵Thread for Western pessimists:

Earth's population is about 8 billion.

11% are in Europe
5% are in North America
9% in South America
15% in Africa
60% in Asia

49% live in villages
51% in cities 2/

12% speak Chinese
5% Spanish
5% English
3% Arabic
3% Hindi
3% Bengali
3% Portuguese
2% Russian
2% Japanese
62% speak in their mother tongue

77% have homes
23% are homeless

Hey Ethereans, beware of fallacious narratives.

TL;DR: The @ultrasoundmoney narrative sells well but ethereum for many months, maybe years will never be deflationary. But...there is a (far) better and correct narrative.

If you want to read the whole thread 🧵👇 0/4 The Ultra Sound Money narrative, linked to the alleged deflationary behaviour of ethereum, like any narrative based on what is plausible but not necessarily true is proving to be a boomerang. It will take months, perhaps years, to see high enough gas prices again. 1/4

The fundamental force of #ether price

TL;DR :
The fundamental underlying force behind the price of ether is its widespread use as a means of payment.

If you are interested in the full story read the thread below .🧵👇 0/15 The cryptocurrency market is still immature and poorly capitalised characterised by violent market phases, if we zoom in and take a closer look things get even more chaotic: 1/15