ETH - The Triple Point Asset

[TwoCitiesCapital]

22 hours ago, [email protected] said:

Read this to understand Ethereum is building the distribution channel(Layer 2) in growth mode.

 

So once again, this seems to support my question above. If the value is accruing to L2 operators and not to ETH validators and ETH holders ...what is the value of ETH? 

[[email protected]]

On 2/7/2025 at 9:37 AM, TwoCitiesCapital said:

 

What do you make of ETH no longer being "deflationary"? Seems to me that's a pretty big negative in the narrative? Especially since BTC inflation of only 1% halved again last year. ETH's inflation is acceleratint precisely because it isn't being used and thus little is being burned.

 

What other value prop does ETH offer? 

I understand it's cheap relative to BTC based on history. I guess I don't understand what fundamentally supports that value like I do with BTC?

 

As someone who dabbled in DeFi in 2021 - 2024....not sure I am actually convinced anything worthwhile will come out of this project anymore other than stablecoin transaction revenues. Does that support a market cap of $300+ billion? 

1. The current inflation of ETH is still lower than Bitcoin. You can compare on this site: https://ultrasound.money/?timeFrame=d30.

More important is that ETH is in the growth phase, so the fee is low which is making inflation rate higher.

2. What will be the use case come out of Ethereum? Ethereum is a new kind of computing platform so there will be many kind of apps like on Apple App Store: Finance, Gaming, Social, Shoping...

Here is a good overview on Finance/Tokenization use case: https://experts.bitwiseinvestments.com/cio-memos/ethereum-the-comeback-kid-of-2025

 

 

Edited February 9 by [email protected]

[[email protected]]

On 2/7/2025 at 9:38 AM, TwoCitiesCapital said:

 

So once again, this seems to support my question above. If the value is accruing to L2 operators and not to ETH validators and ETH holders ...what is the value of ETH? 

Ethereum Layer2 has high margin (e.g 90%) but L2s is still paying fee to ETH staker(called Blob Fee). For example Ethereum Layer 2 Base from Coinbase paid millions in blob fee to ETH stakers.

 

We can think of Ethereum with many products:

1. Block: sell directly to customers on Ethreum Layer 1.

2. Blob: sell indirectly to customers through distributor(Layer 2)

Other products/services are coming also: sequencing, execution...

[[email protected]]

Since you are here, I would like to present you a Coin in Ethereum Ecosytem with real cash flow/dividend. Straight like a stock/security: https://app.gmx.io/#/dashboard