The son of the present President two days in the past on Twitter informed folks it is time to add Ethereum to their steadiness sheets. It’s thoughts blowing to see this, given what this cycle represents for Ethereum.
For years folks have been predicting the end result we’re seeing play out this cycle. Ethereum’s dominant use case has been as a platform for issuing different property, and constructing purposes centered on property apart from ether itself. This turning into the dominant use of the community has apparent implications for the need of the Ethereum community itself to function these different purposes and property.
Bitcoiners have persistently pointed this out, and predicted that different cheaper and extra centralized networks with the identical performance would ultimately out of date Ethereum, because the chief worth proposition of the community available in the market has confirmed to not be Ethereum or ether itself. That’s precisely what we see enjoying out proper now with Solana absorbing exercise from Ethereum, for all the things from memecoins to DEXes now.
This isn’t a brand new thesis, this isn’t some novel area of interest thought hidden from the sunshine of day, it’s one thing loudly predicted for half a decade or extra. But the “orange pilled” son of the President is right here publicly stating it’s time so as to add ETH.
I believe this could in a really crystal clear method exhibit that not one of the Trump household or new administration are “orange pilled” in any respect. All they’ve been proven is the chance to earn cash, and they’re going to comply with their incentives. That realistically results in shitcoining.
Shitcoining is probably the most worthwhile short-term factor on this area. They’ll comply with the trail to simple cash. I believe that is the chilly onerous actuality that some Bitcoiners don’t wish to settle for, individuals are generally not higher than their incentives. We aren’t going to have some type of grand non secular “Bitcoin awakening” in authorities. We’re simply going to see the incentives we’ve watched play out in a number of cycles play out at a bigger scale than we ever have earlier than.
What’s wonderful to me is how so many Bitcoiners thought sticking our nostril into the federal government would go some other means. We opened the door, and the shit obtained dragged in behind us.
This text is a Take. Opinions expressed are solely the creator’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
