ethview.eth

Interested in all things Ethereum. Previoulsy built EthView DeFi dashboard (no longer active).

[ethview.eth @ethview]

Announcing EthView! A dashboard for your #DeFi activity, that you can view any time, anywhere, without needing a web3 broswer or wallet. No need to break out the cold storage! The application is fully client-side, powered by @infura_io, @ethplorer API, and the DeFi ecosystem.

[ethview.eth @ethview]

@Wajahat Have a longer time horizon. Goldfish don’t create new technology paradigms

[ethview.eth @ethview]

@RisingPaw I wish this would happen, but the playbook seems to be: ratio strength precedes large BTC pullback, which precedes large(r) ETH drawdown. Maybe one day these trends will break, but unfortunately in crypto the status quo has yet to change.

[scoopy trooples @scupytrooples]

my crypto investment thesis is rather simple:

Ethereum is the only smart contract platform that takes the blockchain trilemma seriously, aiming for security, decentralization, and scalability while upholding the cypherpunk ethos of neutrality and self sovereignty.

It was slacking on the scalability aspect for a while but that is now the primary focus without sacrificing security or decentralization. The current incremental steps have made transactions affordable now. The zk-rollup-ification of L1 in the roadmap will make it ultra scalable, too.

Dumbchains are not interesting as they have no on chain economies, and vc corposlop smart chains are cynical extraction machines.

Ethereum alone points to a brighter future that takes the masses some kind of power or agency back from the ever growing corpo fascist trend the world is moving to. When ETH does well, the entire industry does well, and vice versa.

No other blockchain ecosystem has people willing to fight for it like Ethereum, evidenced by the multitudes of devs and projects who choose to work on it without needing to be lured in by VCs and fat cheques.

These very qualities that make it appealing to cypherpunks also make it appealing to institutions as time after time, they prefer to work on open and neutral systems rather than closed/proprietary or biased ones.

Sure we all have nitpicks about the EF, myself included, but to their credit, they have cultivated an ecosystem that people care about beyond just pumping bags. It has a soul in an often soulless industry.

If ETH fails, then crypto has failed and the world will be a materially worse place. Call me naive or dumb, but I’d rather fight for something worthy of fighting for than succumb to a nihilistic stance focused solely on self-enrichment.

In short, it is the only chain/ecosystem in the space that isn’t garbage.

[THE SHORT BEAR @TheShortBear]

I have never seen so many people capitulating out of $ETH or crypto.

Some are writing blogs and essays explaining why it failed, mainly naming how other chains won the race, measured by fees taken in.

Some of my thoughts, in these hard times:

Time will tell, but I think many people are mistaken in treating $ETH like an end-stage $AMZN, as if the main question is already about mature margins, fees, and cash flows.

In reality, Ethereum is still very much earlier in its economies-of-scale phase, with nearly all metrics in the top right corner and growing at mid double digits to tripple.

Furthermore, most of the market is focused on the wrong battle: who can become the fastest and cheapest payment processor.

Lower fees, higher throughput, faster settlement. But that is likely a race to commoditization, similar to the payment processors crash over the last years.

If the only value proposition is speed and cost, then the moat gets thinner over time, easy disruptable. Someone can always be faster. Someone can always subsidize fees lower. Someone can always optimize one narrow use case.

The real value may not be in the transaction fee itself.

The real value is likely in the amount of economic activity secured by the network, the credibility of that security, the neutrality of the base layer, and the difficulty of replacing it once enough assets, applications, institutions, and users depend on it.

That is where Ethereum seems different to me and why so many institutions are choosing $ETH.

Most other projects still feel replaceable. They may have better performance in one area, better UX in another, or lower fees in the short term. But if their advantage is mainly technical efficiency, that advantage can be copied, competed away, or made irrelevant.

The newest hottest thing today is replacing the hottest thing from last quarter.

Ethereum’s bet appears to be much larger: become the most secure, decentralized, credibly neutral settlement layer for the internet economy.

Not the cheapest rail.
The hardest rail to replace.

In the end, the most valuable network may not be the one with the lowest transaction costs. It may be the one people trust most to secure the highest-value assets and applications over the longest period of time.

If $ETH can retain its market share while continuing to scale through upgrades that improve speed, throughput, and fees, its potential remains significant, especially if AI agents become truly crypto-native.

If it combines all of the above and earn the crown as the leading value-secured network, then $ETH could eventually be viewed as something like a truly decentralized, inflation-adjusting global bond: securing the world’s assets, free from political meddling, and deserving of a premium market cap because of the value it protects on top of the deflationary pressures create incentives to stake, get yield and trust the equivalent of buybacks and griwth in value secured to provide additional value.

Keep in mind over 1/3 of $ETH is now staked!

In that scenario, $ETH would not just be another asset to hold. It could become one of the only truly neutral and secure bonds for the digital economy.

... But sure, lets compare it to $SOL with 6% inflation, no moat, no security, massive outages, decreasing validator nodes and alike.

it just all feels like people are getting lost in short term fees and the easiest valuation attempt rather than what $ETH is actually built for, all while its testing its bottom range and players go full portfolio into AI.

[ethview.eth @ethview]

@lowercaseboot When will you CT people understand blockchains are nothing if they’re not decentralized?

[ethview.eth @ethview]

It's funny during ZIRP everyone came up with a bunch of reasons for why assets were pumping - fundamentals, etc. Take a look at interest rates now, and we have the reverse. Sure, there is some legitimate fundamental analysis, but I would argue the majority of price just has to do with the macro environment and economy, and people come up with a whole bunch of mental gymnastics reasons to pretend it's not that.

[ethview.eth @ethview]

@leolanza CT is so lame it's absurd. The signal to noise has always been bad here, but it feels 10x worse in the past year

[ethview.eth @ethview]

@ChainLinkGod @TrustlessState I can tell you: price has underperformed. It’s not any deeper than that.

[ethview.eth @ethview]

@d_1awrence @TrypsinThirteen Well, it doesn’t help that rates are absolutely surging like crazy and there is no hope in the near future they’ll come down. BTC is a liquidity asset

[ethview.eth @ethview]

@CloutedMind I guess not until rates go down, which apparently will never happen under our idiotic leadership

[ethview.eth @ethview]

@TrustlessState Do you respect people who knowingly lie on X all day to serve their own interests? There’s bending the truth and there’s lying.

[ethview.eth @ethview]

@thatguybg Twitter is not the entire industry

[ethview.eth @ethview]

@0xwillthetrill you can tell 90% of the people working at "crypto" companies don't ever go onchain, it's glaringly obvious.

[ethview.eth @ethview]

@FredWick7 No, that assumes the market speculated to price in this news. It hasn’t priced in anything positive. I think it has the chance of ending this bear period

[ethview.eth @ethview]

@krugman87 Despite the polymarket I feel like essentially no one expects this to happen anymore. It's partially why price is so in the shitter.

[ethview.eth @ethview]

@LiebermanAustin It makes very little sense to buy any IPO these days in the first 18 months. That entire period is just redistribution of the investor base and profit taking by early investors.

[ethview.eth @ethview]

@evan_van_ness I love how he thinks this reflects poorly on Ethereum, and not his own "work".

[ethview.eth @ethview]

@TrustlessState I'm constantly shocked by how allergic to facts and reality that community is. It's almost like you have to create your own reality in order to sell others on a vision strong enough to change the existing monetary system. Fair enough at the start, but now ...

[ethview.eth @ethview]

@buccocapital TBF I’m not sure I find remote companies are any better at documentation

[ethview.eth @ethview]

@ZeMirch people are buying public funds that hold anthropic for like 19x NAV. Retail will buy anything.