people asking for "data driven explanation of ETH’s recent m

people asking for "data driven explanation of ETH’s recent move" don't understand that this is simply the market reacting to EOF being removed from Fusaka

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FrankieIsLost

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trying to reason about most protocols just by looking at onchain data will often lead you to the wrong conclusions. these are not closed systems—what happens onchain is usually just half the story.

gonna be a big day when CT learns the difference between gross and net revenue. lots of crypto “revenue” is just taking money from your user’s left pocket and putting it back in their right pocket.

feels like crypto’s awkward teenage phase is almost over—enjoy it while it lasts, things could look very different very soon

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