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A few of the craziest false narratives that haters and losers have spread about Ethereum recently:
“L2 are bad for ETH”
L2s grow the developer network effect, enable apps that distribute ETH as a store of value and burn ETH.
“Ethereum is controlled by the Ethereum Foundation”
Bitcoin and Ethereum have the same governance: rough consensus amongst developers, miners and users X
“Ethereum is slow and expensive”
Ethereum’s scaling roadmap is many years ahead of every competitor.
“The future of Ethereum is Coinbase”
The future of the S&P 500 is Ethereum. Every large company is building stablecoins, DeFi, NFTs and more on Ethereum because it’s the most credibly neutral chain for builders.
“L2 are bad for ETH”
L2s grow the developer network effect, enable apps that distribute ETH as a store of value and burn ETH.
“Ethereum is controlled by the Ethereum Foundation”
Bitcoin and Ethereum have the same governance: rough consensus amongst developers, miners and users X
“Ethereum is slow and expensive”
Ethereum’s scaling roadmap is many years ahead of every competitor.
“The future of Ethereum is Coinbase”
The future of the S&P 500 is Ethereum. Every large company is building stablecoins, DeFi, NFTs and more on Ethereum because it’s the most credibly neutral chain for builders.
A few of the craziest false narratives that haters and losers have spread about Ethereum recently:
“L2 are bad for ETH”
L2s grow the developer network effect, enables apps that distribute ETH as a store of value and burn ETH.
“Ethereum is controlled by the Ethereum Foundation”
Bitcoin and Ethereum have the same governance: rough consensus amongst developers, miners and users X
“Ethereum is slow and expensive”
Ethereum’s scaling roadmap is many years ahead of every competitor.
“The future of Ethereum is Coinbase”
The future of the S&P 500 is Ethereum. Every large company is building stablecoins, DeFi, NFTs and more on Ethereum because it’s the most credibly neutral chain for builders.
“L2 are bad for ETH”
L2s grow the developer network effect, enables apps that distribute ETH as a store of value and burn ETH.
“Ethereum is controlled by the Ethereum Foundation”
Bitcoin and Ethereum have the same governance: rough consensus amongst developers, miners and users X
“Ethereum is slow and expensive”
Ethereum’s scaling roadmap is many years ahead of every competitor.
“The future of Ethereum is Coinbase”
The future of the S&P 500 is Ethereum. Every large company is building stablecoins, DeFi, NFTs and more on Ethereum because it’s the most credibly neutral chain for builders.
L2s FOR DUMMIES
A layer 2 blockchain (L2) is a chain that processes transactions off the main chain (L1) then batches them together to settle on the main chain. Fees are paid by the L2 to settle on the main chain. Ethereum pioneered the concept to allow for social and technical scalability of the network.
Base, Arbitrum, OP, Unichain, World Chain, Starknet, and ZK Sync are leading L2s on Ethereum today. All these chains and the apps built on them grow the network effect of EVM, distribute ETH as a store of value and burn ETH.
The L2 architecture gives builders self sovereignty while also benefiting from the network effect of the L1. All competing L1s will eventually recognize this, they’re just many years behind Ethereum.
A layer 2 blockchain (L2) is a chain that processes transactions off the main chain (L1) then batches them together to settle on the main chain. Fees are paid by the L2 to settle on the main chain. Ethereum pioneered the concept to allow for social and technical scalability of the network.
Base, Arbitrum, OP, Unichain, World Chain, Starknet, and ZK Sync are leading L2s on Ethereum today. All these chains and the apps built on them grow the network effect of EVM, distribute ETH as a store of value and burn ETH.
The L2 architecture gives builders self sovereignty while also benefiting from the network effect of the L1. All competing L1s will eventually recognize this, they’re just many years behind Ethereum.
There is real fear that the U.S government debt situation could get a lot worse soon. Unlike every U.S. president in history, Trump has stopped pretending it doesn't exist and is no longer attempting to keep the system propped up at any cost. This is why BTC and ETH were up and S&P was down last week.
There's no guarantee that outperformance will continue, but it's also quite possible the entire world finally starts to really understand the purpose of a credibly neutral store of value.
There's no guarantee that outperformance will continue, but it's also quite possible the entire world finally starts to really understand the purpose of a credibly neutral store of value.
ETH ETF inflows +$248.2M this week
When the public starts to understand that ETH is a store of value with yield and scarcity that increases as demand for blockspace increases, watch out 🚀
When the public starts to understand that ETH is a store of value with yield and scarcity that increases as demand for blockspace increases, watch out 🚀
ETH ETF inflows +$248.2M this week
When the public starts to understand ETH a store of value with scarcity that increases as demand for blockspace increases and yield, watch out 🚀
When the public starts to understand ETH a store of value with scarcity that increases as demand for blockspace increases and yield, watch out 🚀
Internet capital markets is $10T+ in real world assets, $140B+ in stablecoins, $50B+ in DAOs and $10B in NFTs.
ETH is the ticker.
ETH is the ticker.
Public market demand for tech startups has been weak for many years now bc venture capital funds raised way too much money, which artificially pumped up private company valuations. The public markets caught on to this and just stopped believing the narratives coming out of Silicon Valley.
The same exact thing is now playing out in crypto just many years behind. Too much crypto VC has been raised by about 30x in the past 5 years. Most of this capital is chasing stupid token narratives for retail liquidity. It’s worked well for some, but the game is ending. Public markets are getting smarter and will inevitably gravitate to credibly neutral stores of value. The main beneficiaries will be BTC, ETH and high value crypto art.
The same exact thing is now playing out in crypto just many years behind. Too much crypto VC has been raised by about 30x in the past 5 years. Most of this capital is chasing stupid token narratives for retail liquidity. It’s worked well for some, but the game is ending. Public markets are getting smarter and will inevitably gravitate to credibly neutral stores of value. The main beneficiaries will be BTC, ETH and high value crypto art.
A biased settlement layer is a centralized database that settles transactions, code and communication. Bank of America, JP Morgan, Amazon, Facebook, X, Apple, etc. These databases can stop working and be censored.
A credibly neutral settlement layer is a distributed database (aka blockchain) that settles transactions, code and communication. There’s only one and it runs 24/7 without censorship: Ethereum.
A credibly neutral settlement layer is a distributed database (aka blockchain) that settles transactions, code and communication. There’s only one and it runs 24/7 without censorship: Ethereum.
Learning the difference between a VC chain and a credibly neutral settlement layer?
The most important tech innovation of our lifetime is a database that anyone in the world can use to build apps, issue assets and transact without fear of rug pulls or downtime. This is what it means to be an honest settlement layer.
A blockchain does not become an honest settlement layer from narrative. Aligning with one jurisdiction, running media campaigns and lobbying with governments does not help. These are red flags.
To find the most honest settlement layer, just look where developers are building and where stablecoins, NFTs and RWAs are being issued. It doesn't matter where you live or what you believe, Ethereum just works for you.
A blockchain does not become an honest settlement layer from narrative. Aligning with one jurisdiction, running media campaigns and lobbying with governments does not help. These are red flags.
To find the most honest settlement layer, just look where developers are building and where stablecoins, NFTs and RWAs are being issued. It doesn't matter where you live or what you believe, Ethereum just works for you.
Ethereum is the main settlement layer for the global economy for the next 100 years.
Haters know this is undeniable.
Haters know this is undeniable.
If AI were to try to wreck humans, one simple thing it’d 100% try to do is launch a useless coin where it allocated a huge supply of the coin to itself, then spent the next decade trying to disguise the facts and shill every narrative it possibly could to the world so it could dump on humans and enrich itself.
One of the biggest signs of insecure loser mentality is hyping up an announcement just because a prestige brand is involved.
FTX was the master of this.
FTX was the master of this.
What new crypto product are you most excited about?
Crypto loans are close to mainstream adoption.
Did you know that you can get a loan on your BTC like you can get a mortgage on your house?
Borrowing against your crypto loans has been possible onchain for 8+ years with products like MakerDAO and Aave but the non-custodial UX has been a blocker for many. Centralized services like BlockFi have also offered it, though they weren't transparent, took too much risk and blew up.
Now Coinbase offers onchain loans via Morpho in a hosted wallet. Users get a good UX and the transparency and liquidity of an onchain product. Gamechanger.
Did you know that you can get a loan on your BTC like you can get a mortgage on your house?
Borrowing against your crypto loans has been possible onchain for 8+ years with products like MakerDAO and Aave but the non-custodial UX has been a blocker for many. Centralized services like BlockFi have also offered it, though they weren't transparent, took too much risk and blew up.
Now Coinbase offers onchain loans via Morpho in a hosted wallet. Users get a good UX and the transparency and liquidity of an onchain product. Gamechanger.
Narrative violations from the 1confirmation Summit:
Haters convert to supporters. Don’t block them out, don’t react. Learn and adapt.
“New phone who dis” was thoughtful and took rare founder courage.
Polymarket has done $6B+ in volume since Election Day.
Beeple has only minted NFTs on Ethereum and has not done a public mint since 2021 despite other chains offering big cash.
Base has burned $20M+ in ETH fees on mainnet in the past 8 months.
Coinbase core is not just offchain - onchain collateralized loans are now offered in main app via Morpho and usage is surging.
The app chain thesis pioneered by Cosmos is alive and well.
The Ethereum Foundation is listening and now strongly supporting use cases like DeFi and NFTs that make Ethereum what it is today.
NFTs will be back bigger than ever, led by founders with the most conviction (see music NFTs and Meebits).
The company coin phenomenon was caused by $70B+ in crypto VC raised since 2020 and institutions wanting quick liquidity. This is not well understood by the market yet, but when it is money will flow to credibly neutral stores of value.
Haters convert to supporters. Don’t block them out, don’t react. Learn and adapt.
“New phone who dis” was thoughtful and took rare founder courage.
Polymarket has done $6B+ in volume since Election Day.
Beeple has only minted NFTs on Ethereum and has not done a public mint since 2021 despite other chains offering big cash.
Base has burned $20M+ in ETH fees on mainnet in the past 8 months.
Coinbase core is not just offchain - onchain collateralized loans are now offered in main app via Morpho and usage is surging.
The app chain thesis pioneered by Cosmos is alive and well.
The Ethereum Foundation is listening and now strongly supporting use cases like DeFi and NFTs that make Ethereum what it is today.
NFTs will be back bigger than ever, led by founders with the most conviction (see music NFTs and Meebits).
The company coin phenomenon was caused by $70B+ in crypto VC raised since 2020 and institutions wanting quick liquidity. This is not well understood by the market yet, but when it is money will flow to credibly neutral stores of value.
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