would be a real shame if ETH rage pumped to $5K before offer | iamDCinvestor on Binance Square

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would be a real shame if ETH rage pumped to $5K before offering a meaningful pullback
wouldn’t it??

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getting payments onchain is important because it will be the first, likely consistently growing, non-speculative source of demand to use Ethereum at both L1 and L2

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average credit card fees of ~2.5% on merchants doesn’t sound like much until you realize it’s basically a tax on all consumer commerce in the US compare with average state sales tax rate of ~7.5%, but money which actually benefits your state and local communities we’ve conditioned ourselves to pay a tax to a few payment processor companies and in the past, they did provide unique value to both business and consumers, but it legitimately seems this may no longer be the case with the advent of onchain commerce

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the businesses accepting stablecoins have to explicitly give something to the customer to gain real traction rebates, rewards programs, cheaper pricing vs credit cards where it may be permitted, access to cheaper alternative lending systems, etc. otherwise most people will just keep using credit cards for points alone

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Coinbase was a “crypto company” which has become a “fintech company” looking to disrupt TradFi by using crypto/onchain rails to do so because it’s such a huge opportunity expect their tone to change more and more to reflect this over time this make sense for Coinbase tbqh

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blockchains with real fundamental use (like Ethereum) should be more bullish with increasing global instability and declining trust, not less eventually the market will realize this

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