ercwl
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Yeah, we're about to enter the GREEN 🟩
And to those of you in the old school who believe this is a bubble, you simply have not understood the new mathematics of the blockchain (or you did not care enough to try). Bubbles are mathematically impossible in this new paradigm
And to those of you in the old school who believe this is a bubble, you simply have not understood the new mathematics of the blockchain (or you did not care enough to try). Bubbles are mathematically impossible in this new paradigm
if bitcoin used proof-of-stake you could slash individuals miners who mine spam blocks using social consensus
TL;DR:
If Bitcoin Core has a filter against fee-paying valid transactions that other miners pick up, there is a risk that:
1. ”Bitcoin Core”-policy miners will be unprofitable relative to other miners, leading to miner centralization
2. Miners stop using Bitcoin Core
If Bitcoin Core has a filter against fee-paying valid transactions that other miners pick up, there is a risk that:
1. ”Bitcoin Core”-policy miners will be unprofitable relative to other miners, leading to miner centralization
2. Miners stop using Bitcoin Core
The ETHBTC ratio did not go down because of ”The Merge”
The ETHBTC ratio collapsed because:
- societal value rotation out of "feminized wef soyboys in unicorn t-shirts" into "bronze age mindset" broadly
- ethereum always occupied a vertical more prone to competition
- l2s confused the ETH asset value capture narrative and caused network fragmentation
- eth does not have a saylor buyer
- bitcoin and gold are maturing into wartime assets whereas the peacetime asset ETH struggles
- ETH also struggles to even look nerdy/smart/futuristic compared to AI which is the new hot ball of money for that investor type
- ethereum also stagnated into a depressingly small number of defi primitives relative to what past expectations were
*Not* the Merge.
The ETHBTC ratio collapsed because:
- societal value rotation out of "feminized wef soyboys in unicorn t-shirts" into "bronze age mindset" broadly
- ethereum always occupied a vertical more prone to competition
- l2s confused the ETH asset value capture narrative and caused network fragmentation
- eth does not have a saylor buyer
- bitcoin and gold are maturing into wartime assets whereas the peacetime asset ETH struggles
- ETH also struggles to even look nerdy/smart/futuristic compared to AI which is the new hot ball of money for that investor type
- ethereum also stagnated into a depressingly small number of defi primitives relative to what past expectations were
*Not* the Merge.
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