@iamjosephyoung I think that $1B is now at least $1.3B. BMNR did $9B of volume this week. That would translate into $450M of new cash. I'm being conservative.
@jameslavish No the 4-year cycle is still alive because this year we are having of blow-off euphoric return of:
(checks chart)
minus 8 percent. Okay the 4-year cycle is dead.
@AvgJoesCrypto This isn't the issue you think it is. Fusaka turned the fees down so Ethereum can prioritize growth (see Facebook and Amazon for examples). Once the growth has happened, and Ethereum is the clear winner, the model will be adjusted, via upgrade, to burn more ETH.