With Ethereum at an all-time-high and Raoul Pal pumping it up every 2 minutes like clockwork, it’s understandable for one to be getting itchy about buying some.
Here’s an interesting reply to a big declaration, “Everything digital is driven by network effects.”
I’m on the fence on this one. I have actually said the same thing when debating Ethereum’s staying power, that network effects will prevail, but it was against the ethereum-killers like Cardano and Polkadot.
There’s a reply on that thread about the different network effects of Bitcoin and Ethereum.
What does that all mean? Did the Berlin upgrade finally deliver, or is it the hype and the pumping of the coin? Gas prices fell a little bit, it’s only 27 fucking dollars to transact at the time of writing this. They might have fallen but they’re still too high. I can’t sell an ebook as an NFT with 30 dollars transaction fee.
So, we’re back to square one. I personally don’t think Ethereum can be compared to Bitcoin. It’s a different thing. It’s smart money. Bitcoin is digital gold, it just sits there and stores value. Ethereum is digital credit cards, if that makes sense. You can program them, you can split a bill, you can program regular payments, you can do a million things.
They’re meant to be used differently, and that’s okay. You can go buy some Ethereum at Binance.