Replying to Avatar WhiteRabbit

Can someone remind me again what problem ETH solves?

- World computer?

- ICO's?

- Smart contracts?

- NFT's?

- DeFi?

- "Ultra Sound" money?

- EVM's?

ETH is still a blockchain that is searching for a problem to solve. The development community does not operate around a first-principle perspective - it has no identity, no calling for it's existence. Arguably i think the best reason for ETH to exist has been to illustrate the consequences of the compromises they've made. It reinforces bitcoins approach to solving ultimately what makes good money.

Anyhow, congrats to the tech bros at ETH you were just gift wrapped an ETF solely for political posturing by the democrats after bitcoin fought for 10+ years to make it happen.

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Hurvajs Rumcajs 1y ago

Something like eth is perfect "coin" for politicians.

- you know what doors to knock at (devs, largest stackers)

- the largest holders are also de facto gods that can shape the future of eth any way they like and no one can compete with them ever

- force changes you like

So now that you make sure ETH ruling class knows who's the boss, you can pump ETH with your fiat printers and make BTC look bad in comparison.

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