JUST IN: Nvidia $NVDA prepares to fire CEO Jenson Huang for missing day 1 of founder school
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First day at the Ethereum Foundation.
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.
🚨JUST IN: 'Anti- Crypto' Elizabeth Warren set to become Senate Banking Committee chair, giving the outspoken crypto critic major influence over financial regulation.
The role would put Warren at the center of crypto legislation, banking oversight and scrutiny of financial regulators.
Democrats also plan to investigate financial ties between the crypto industry, President Trump and his family, per Bloomberg.
"Everyone keeps calling me a scammer, so I'm wearing a mask cause mask is an anagram of scam"
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