RE: Like Hive People Are Starting To Talk About Crypto Economies

Tbh I haven't really paid much attention to Raoul. He's been a shitcoiner in many cases and I have a hard time listening to FUD as he has pushed for a while.

With that being said, I can appreciate the approach to Ethereum as a business - but, it's not a functional, self-sustaining or self-regulating business. Ethereum as a network is huge - that is not up for debate - but what is up for debate, is how much value is actually being created within the Ethereum ecosystem.

We've seen countless attempts at new coins becoming the "Ethereum Killer" and none have succeeded. One could argue that Polygon Network was created as a sidechain to alleviate transactional volume on Layer-1 for Ethereum, but, it's not decentralized, it's merely replicating some of the same problems we are seeing within the fiat system.

As an investor, yield is important, of course, and that is something that Ethereum does much better than Bitcoin Layer-1 can reach at this stage, but, $ETH does not share the same tokenomic features that make Bitcoin unique to most other chains. It isn't just the Proof-of-Work model vs Proof-of-Stake, it's the very creation of Ethereum that lends shadiness to the whole ecosystem.

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