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If ETH goes up, FWA goes up If Punks go up, FWA goes up If NFTs go up, FWA goes up If humans continue to like gambling, FWA goes up

A thriving art/nft/internet culture market really only exists on Ethereum One of the most under rated attributes that helps build the case for $ETH as money

chud mode

study

The silver denarius will always be the dominant currency of the world. Why? Because its the dominant currency right now!

Any significant developments on the kohaku front and ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d goes straight vertical

pack it up

I agree that ZEC is severely underpriced relative to ETH, SOL, BNB and the rest of the L1s. Where I disagree is the idea that BTC and ZEC are competing to be money but ETH and SOL are not. These are all L1s afterall, BTC an ZEC just aren't looked at in the same breath because there is very little developer activity. Having little to no developer activity, or little to no activity on your chain, doesn't exactly increase your case as sound money. Valuing an L1 on fees is like valuing the dollar on tax receipts. Fees are costs to users, and every chain is trying to push them toward zero. BTC generates no revenue and it is the largest asset in the space. The value of L1s was never, and will never be on "cashflows." It is in the monetary premium. Every L1 is a country, and its native asset is that country's currency. It is the unit of account for blockspace, the collateral base of the onchain economy, the asset staked to secure the chain, and now the asset sitting on corporate balance sheets and inside ETFs. This is not the behavior of an equity but of money. You can argue SOL or BNB is not money in the fundamental sense, or that it is bad money. I have made that argument myself. But bad money is still on the moneyness spectrum. What makes money sound: privacy, distribution, velocity, history, infrastructure, security, and subjectivity. ZEC is getting repriced because it matches the leaders on those properties at a fraction of the price. Bitcoin's supply cap and issuance schedule, best in class privacy with a ton of supply now shielded, and the most advanced quantum roadmap of any major chain. ETH is the only other asset that checks every box. Over a decade of uptime, the widest distribution of holders and validators, the deepest collateral base in crypto, and the largest share of stablecoins and tokenized assets settling on it. It is slower on privacy and quantum, but both are on the roadmap and both are solvable. I still believe ETH becomes the dominant money of the web. BNB and SOL are longshots. BNBs moneyness is tethered to a single company. SOL has the outages, the validator concentration, and the shortest history of the group. Both the SOL and BNB foundations dont even see their asset as money and are optimizing for throughput not on sound money. ZEC, ETH, and maybe BTC as the winning monies. SOL and BNB I have no interest in.