Top Tweets for #BankLess

Bankless Co-Founder Ryan Sean Adams: Ethereum Is a Failed Project if ETH Fails to Become a Global Store of Value Bankless co-founder Ryan Sean Adams argued that being bullish on Ethereum but not ETH is a “mental fallacy,” saying Ethereum should be considered a failed project if ETH fails to become a global store of value. Bankless co-founder David Hoffman disagreed, arguing that Ethereum’s architecture is designed to minimize explicit value capture and that a clear mechanism linking Ethereum’s growth to sustained value accrual for ETH has yet to be demonstrated. https://t.co/V7EGG2Ty1w

David Hoffman: “ETH Is Money” Thesis Has Largely Played Out, Prompting His ETH Sale Bankless co-founder David Hoffman explained why he sold his ETH holdings, saying he remains bullish on the Ethereum network itself but believes the “ETH Is Money” thesis has largely played out. Hoffman argued that Ethereum has achieved a valuation consistent with its actual progress, making a major structural rerating of ETH less likely going forward, which led him to reallocate capital to other market opportunities. He said Ethereum’s architecture is increasingly creating value for applications, L2s, stablecoins and the broader onchain asset ecosystem, while that value does not necessarily accrue directly to ETH itself. https://t.co/ocvSjIvsL4