RyanSAdams
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ethereum has two products
ethereum blockspace = world ledger
eth asset = world reserve asset
ethereum blockspace demand can be valued by discounted future cash flows (DCF)
eth store of value demand cannot be DCF'ed and is a product of demand for eth as a speculative reserve asset and censorship resistant store of value
you can use eth without using ethereum and vice versa
this doesn't have to be confusing
bitcoin works the same
ethereum blockspace = world ledger
eth asset = world reserve asset
ethereum blockspace demand can be valued by discounted future cash flows (DCF)
eth store of value demand cannot be DCF'ed and is a product of demand for eth as a speculative reserve asset and censorship resistant store of value
you can use eth without using ethereum and vice versa
this doesn't have to be confusing
bitcoin works the same
ethereum has two products
ethereum blockspace = world ledger
eth asset = world reserve asset
ethereum blockspace demand can be valued by discounted future cash flows (DCF)
eth store of value demand cannot be DCF'ed and is a product of demand for eth as speculative reserve asset and censorship resistant store of value
you can use eth without using ethereum and vice versa
this doesn't have to be confusing
bitcoin works the same
ethereum blockspace = world ledger
eth asset = world reserve asset
ethereum blockspace demand can be valued by discounted future cash flows (DCF)
eth store of value demand cannot be DCF'ed and is a product of demand for eth as speculative reserve asset and censorship resistant store of value
you can use eth without using ethereum and vice versa
this doesn't have to be confusing
bitcoin works the same
circle can you please just not sell to ripple?
because everything's going great right now
because everything's going great right now
The bull case for ETH is that money printers print and people want a censorship resistance store of value that’s programmable
That’s worth $10 trillion
That’s worth $10 trillion
The U.S. just passed crypto stablecoin legislation in the Senate.
Absolutely unprecedented.
Floodgates are about to open.
Absolutely unprecedented.
Floodgates are about to open.
Three macro catalysts for crypto investors to watch.
1) Tariff driven recession
US Q1 GDP at -0.3% (consensus was +.03%) Polymarket odds of 2025 recession at 69%. This could reverse but recession looking likely atm.
Unknown: how bad, and how long?
Overall: negative for crypto short-term, but could be counteracted by the next two catalysts.
2) American capital flight trade
If continuation of U.S. stocks down, bonds down, dollar down, and gold + bitcoin + crypto goes then this is evidence of rebalancing away from America as the global store of value to alternatives.
Unknown: fast or slow take-off?
Overall: positive for crypto medium + long term. This is the decades long crypto thesis playing as a credibly neutral alternative money and property rights system.
3) Increasing global money supply
Fiat money supply (e.g. global M2) increasing as countries adjust to the above headwinds by printing money. Many indicators flashing that we're headed toward another money canon bonanza.
Unknown: magnitude and exact timing?
Overall: positive for crypto. Another decades long thesis playing out.
Impossible to be bearish
Take 1, 2, and 3.
Add catalysts like AI (do you think AIs will use gold, wellsfargo, and Delaware LLCs as their money system or are will they just use crypto?)
Impossible to be bearish crypto.
The world will catch on.
1) Tariff driven recession
US Q1 GDP at -0.3% (consensus was +.03%) Polymarket odds of 2025 recession at 69%. This could reverse but recession looking likely atm.
Unknown: how bad, and how long?
Overall: negative for crypto short-term, but could be counteracted by the next two catalysts.
2) American capital flight trade
If continuation of U.S. stocks down, bonds down, dollar down, and gold + bitcoin + crypto goes then this is evidence of rebalancing away from America as the global store of value to alternatives.
Unknown: fast or slow take-off?
Overall: positive for crypto medium + long term. This is the decades long crypto thesis playing as a credibly neutral alternative money and property rights system.
3) Increasing global money supply
Fiat money supply (e.g. global M2) increasing as countries adjust to the above headwinds by printing money. Many indicators flashing that we're headed toward another money canon bonanza.
Unknown: magnitude and exact timing?
Overall: positive for crypto. Another decades long thesis playing out.
Impossible to be bearish
Take 1, 2, and 3.
Add catalysts like AI (do you think AIs will use gold, wellsfargo, and Delaware LLCs as their money system or are will they just use crypto?)
Impossible to be bearish crypto.
The world will catch on.
Open source software developers should not be prosecuted for developing privacy code.
We call on @realDonaldTrump to drop the Biden Administration's prosecution of privacy dev Roman Storm.
Sign this letter from @fund_defi and voice your support.
https://section1960.defieducationfund.org
We call on @realDonaldTrump to drop the Biden Administration's prosecution of privacy dev Roman Storm.
Sign this letter from @fund_defi and voice your support.
https://section1960.defieducationfund.org
ETH is at its best when its maximalist about ETH the asset and pragmatic about Ethereum the network
I want a crypto portfolio app with an AI that looks at all my holdings and gives me an forward looking analyst 1 pager of price, catalysts, and bear/bull case for each.
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