Thanks for asking, I will try to give a few pieces of rationale. The short answer is not really, and here is why:
1. From a technical and monetary standpoint, I don't believe Ethereum is 'it', and Bitcoin is. I believe Bitcoin has already won the battle for hard money, and thus that is where I am best placed spending my time.
Thanks for asking, I will try to give a few pieces of rationale. The short answer is not really, and here is why:
1. From a technical and monetary standpoint, I don't believe Ethereum is 'it', and Bitcoin is. I believe Bitcoin has already won the battle for hard money, and thus that is where I am best placed spending my time.
2. Ethereum has made many technical trade-offs in its time which I believe are sub optimal (burns and PoS namely). I covered many of these in this report release pre-merge https://youtu.be/gyP0uxxB6V8
3. The onchain and market signature of Ethereum is, for lack of a better term, ugly. The multiple technical changes/upgrades, the existence of smart contracts, the tokens etc, it really muddies the waters. Bitcoins onchain signature is clean, crisp, concise and clear, and speaks to true human psychology. Ethereum's is a real mess, and I find it very hard to find and distil true organic characteristics and market psychology from it. The truth is a lot of the behaviour is better explained by VC funded supply, and being in the right telegram groups.
4. After almost a decade, I question what Ethereum has actually built and delivered? Stablecoins? Leveraged trading? I find myself extremely underwhelmed by what crypto by and large has shipped (and I used to use it a lot). BTC and stablecoins are really the main innovations from this industry to date. I just find the overall Ethereum project very underwhelming at the end of the day, and when I ask myself 'If Ethereum launched today, would anyone use it?' I end up at...probably not.
So the summary is that I think Ethereum made many tradeoffs which don't bode well for longevity. Technically I find it underwhelming and overly political, empirically it hasn't caught my attention, and structurally the onchain signals are noisy, few and far in between. Hopefully that helps shed some colour, and happy to expand further as needed!
Thanks for asking, I will try to give a few pieces of rationale. The short answer is not really, and here is why:
1. From a technical and monetary standpoint, I don't believe Ethereum is 'it', and Bitcoin is. I believe Bitcoin has already won the battle for hard money, and thus that is where I am best placed spending my time.
2. Ethereum has made many technical trade-offs in its time which I believe are sub optimal (burns and PoS namely). I covered many of these in this report release pre-merge https://youtu.be/gyP0uxxB6V8
3. The onchain and market signature of Ethereum is, for lack of a better term, ugly. The multiple technical changes/upgrades, the existence of smart contracts, the tokens etc, it really muddies the waters. Bitcoins onchain signature is clean, crisp, concise and clear, and speaks to true human psychology. Ethereum's is a real mess, and I find it very hard to find and distil true organic characteristics and market psychology from it. The truth is a lot of the behaviour is better explained by VC funded supply, and being in the right telegram groups.
4. After almost a decade, I question what Ethereum has actually built and delivered? Stablecoins? Leveraged trading? I find myself extremely underwhelmed by what crypto by and large has shipped (and I used to use it a lot). BTC and stablecoins are really the main innovations from this industry to date. I just find the overall Ethereum project very underwhelming at the end of the day, and when I ask myself 'If Ethereum launched today, would anyone use it?' I end up at...probably not.
So the summary is that I think Ethereum made many tradeoffs which don't bode well for longevity. Technically I find it underwhelming and overly political, empirically it hasn't caught my attention, and structurally the onchain signals are noisy, few and far in between. Hopefully that helps shed some colour, and happy to expand further as needed!
I really appreciate the time and care you always put in your answers. I am learning a lot!