“ETH is a store of value. ETH is money.”
– @VitalikButerin
A notable moment from Pragma Mumbai, where Vitalik shared how his thinking on ETH's role has evolved.
Vitalik is absolutely right that you can’t focus on fees as the product. That’s absolutely meaningless. You need to pick a product, the thing that brings value to people, and do that really well.
Expanding on why I believe "ETH as store of value (SoV)" makes much more sense to focus on than "ETH as fee-burning token".
Three primary reasons:
1. ETH as fee-burning token never was as strong as it seemed
2. Optimizing for ETH as fee-burning token would demand Ethereum and ETH function in ways that are very hard to make compatible with decentralization and capture resistance.
3. Meanwhile, optimizing for ETH as SoV is aligned with Ethereum focusing on its unique strengths (decentralization and CROPS)
EIP-1559 (including its burn) is fine and good, we should keep them. But we should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere.
The core idea: the big thing that people appreciate about Ethereum is decentralization and CROPS. The main pragmatic benefit that these things translate into is stability. SoV is the category where that is not an unneeded extra we merely put effort into for ideological reasons, but rather a pragmatic strength from the perspective of people putting in their assets. And in the era of AI disruption, stability will be highly valued.
2027 is going to be a big one.
The moment @kartiktalwar revealed our events for next year during Closing Ceremonies at ETHGlobal Mumbai.
And yes, we’ll be celebrating a decade of ETHGlobal in Lisbon alongside @EFDevcon 🙌🔥
1/ The @colosseum Crypto World’s Fair had 2,973 projects from 106 countries. 🎡 Over the last weeks I went through every category and shared my picks. Here they all are in one place 🧵👇
this week's theme: how to earn a0points.
make whatever you want. a video, a demo, a thread, a meme. just show
people how points work and how to get them.
post it on x and tag us.
$150 in prizes. $75 first · $50 second · $25 third
rules and deadline are in our telegram, link below.
most liquidity sits in a pool and never gets touched. you get paid for owning it, not for it being useful.
aqua0 works the other way. one commit, available to every venue and every pair on your chain, and you earn when it actually gets used.
we just made earning a lot easier. everything is in the card.
season 0 ends december 3. prizes paid in $USDG on @arbitrum.
jeff from hyperliquid got interviewed by Bloomberg
here's the tldr:
- doesn't own a car or real estate, despite being a billionaire
- spends all his time working
- people describe Hyperliquid as an exchange, Jeff thinks of it as a layer where exchanges can be deployed
- sees huge potential in tokenized RWAs, especially major stocks
- declined $100M VC offer to put community first
- wants Hyperliquid to be the neutral infrastructure for all of finance
best founder in all of crypto