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BlueInvestor retweeted
Why ETH is the store of value for what's coming
We are almost certainly heading into a period of high inflation and extreme economic and social volatility. As inflation and risk erode the purchasing power of nation-state money and many other assets, it will matter more than ever to hold assets that keep or grow their value.
Gold and BTC are high-powered money and excellent stores of value. ETH goes further.
Not debt-based. Like gold and BTC, ETH is not debt-based or credit-based money.
Censorship resistant. Like BTC, or gold and silver held physically, ETH transactions on Ethereum L1 can't be censored. That's true for simple payments and for complex smart contract programs like DeFi, and those programs are guaranteed to execute.
Cheap to hold. Like BTC, ETH is relatively cheap to hold and store securely.
Cheap to use at any scale. Ethereum is cheap and easy to use whether a transaction moves $1 or billions. Any well-formed transaction is guaranteed to execute.
Sound, and getting sounder. ETH is disinflationary and becomes ultrasound, meaning deflationary, during periods of high network activity.
Broadly useful. ETH has many uses across the Ethereum economy, and that economy will grow by orders of magnitude as finance, and eventually every industry, moves onchain. Global adoption of the Web protocols in the '90s and '00s transformed the world economy. Ethereum is the foundation of Web3, the user-centric, decentralized web.
Collateral money. ETH works as collateral, and collateral that grows in value over time is a powerful thing.
Home of stablecoins. Ethereum hosts the bulk of stablecoin activity. Stablecoins serve as payment money and as unit-of-account money.
Despot-proof. Like BTC, ETH can't be used by a despot to financially exploit or repress citizens. Over time that should have positive geopolitical effects.
Programmable. ETH is programmable money. You can attach arbitrary logic to transactions and build an entire economy on smart-contract-based agreements and business processes (see shodai.network).
Transparent or private, and auditable either way. Money and financial instruments on Ethereum can be public or private, and in both cases selectively disclosable and auditable. Privacy tools for retail and institutional users include VPNs, mix networks, shielded and privacy pools, Railgun, stealth addresses, Kohaku, and zero-knowledge proofs in many forms, including on L2s and on private permissioned EVM networks linked through bridgeless synchronous composability.
Future-proof. By the end of 2027, or partway through 2028 at the latest, ETH will be quantum-safe and AI-safe money.
ETH is the base money of an exponentially growing ecosystem that should keep growing for decades. Its monetary premium will keep rising, because retail, corporate, and government users will all need to hold some. Part of today's premium is speculative: Ethereum dominates smart contract blockchains, but it hasn't fully hit its stride or gone mainstream yet.
Machine intelligence will supercharge every scientific and technological pursuit and grow global GDP bigger and faster than any of us can imagine. Ethereum L1 and modular Ethereum L2s will undergird most of the high-value agreements, transactions, payment flows, and complex business processes behind the coming hybrid human-machine decentralized economy.
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.
BlueInvestor retweeted
Today, 1 in 2 Ethereum blocks will be protected.
With Phylax, apps can set circuit breakers that Titan Builder enforces at block construction, excluding transactions that violate app-defined rules before settlement.
It's a simple idea: hacks should not settle.
BlueInvestor retweeted
I want to sharpen my own thinking around why I think ETH has the potential to become the best SoV in the world.
Would love to hear arguments for/against any of my conclusions!
First things first - at it's current stage, I cannot confidently call ETH the best SoV, yet.
Why?
- AI and post-quantum threats are real
- Price action in the past 5 years was worse than other SoVs
BUT, imho it has the best chances to become the leading SoV.
The AI and PQ threat is being worked on full steam - the Ethereum community agrees that this has top priority.
Once Ethereum has successfully transitioned to post-quantum cryptography, I currently don't see any other asset with better properties.
This transition could quickly grow the assets adoption (esp. if cryptography of banks and tradfi start to fail).
When I compare ETH against other SoV contenders, I'm coming to the following conclusions:
ETH vs real estate
- reals estate isn't transportable (I cannot just bring it with me when I travel/move)
- real estate markets are more inefficient
- local factors might heavily influence the value appreciation/depreciation of my property
- upkeep costs are necessary (but generally lower than the generated rental income) and are dependent on availability of workers
ETH vs Fiat
- higher inflation (varies by country, but basically all have them)
- depending on the currency, there might be issues with accessibility
- one would need to pick a basket of currencies in order to diversify geopolitical risk properly
- dependent on decisions from central banks
ETH vs Gold
- gold is hard to verify, hard to break down into smaller amounts, and harder to trade in general
- you cannot easily transfer gold without a physical handover
- won't be useful to AI agents
ETH vs BTC
- ETH is programmable, which allows you to use your ETH natively on the underlying blockchain (Ethereum) whereas swapping/borrowing/lending BTC introduces additional trust assumptions (because Bitcoin chain is a ledger for token transfers and you'd have to go through centralized exchanges or other 3rd parties for more expressivity)
- Bitcoin is also working on PQ solutions (BIP-360 & BIP-361), but the migration path appears less defined compared to Ethereums more explicit and time-bound roadmap
- Bitcoin's fixed supply and declining PoW block rewards create an unresolved long-term security-budget question
Other pro ETH points
- it's programmable
- it's green
- it has the coolest brand (the logo is just amazing and goes with anything)
- it is productive (i.e. it can generate a native staking yield)
As mentioned, would love to discuss this publicly to sharpen my own thinking.
Also: never put all your eggs in the same basket. Even if one asset has the best "properties", it doesn't mean that the chance for success is 100% - there are always risks involved.
BlueInvestor retweeted
you need to follow everyone who works at @ethlabs_org
their thinking is the future of where Ethereum is heading
they are:
@adietrichs
@barnabemonnot
@binji_x
@casparschwa
@decentrek
@fradamt
@joshrudolf
@_julianma
@ox_shaman
BlueInvestor retweeted
Next Spring @GnosisChain will relaunch as an Ethereum Economic Zone.
It will be the first of a new kind of rollup. Still with app-chain cost, speed, and scalability, but also synchronously composing with @ethereum.
We're calling on protocols and applications to see what that unlocks for you. Check out the demos that @etheconomiczone just shared (in QT).
For us, it's been a journey. And now we're coming home.
It's time to make it EEZ.
We don't want to keep anyone waiting, so here is a very quick cut of today's live demos from @eduadiez and @tw_tter . Plus a little bonus footage on demo 2.
We hope you're as excited as we are.
Full recording to follow.
teapaw.org/etheconomiczone/status…
BlueInvestor retweeted
L2BEAT is now ETHBEAT.
5+ years of keeping L2s accountable, now extended to privacy, interop, staking and beyond. One goal: transparency on the guarantees users get on Ethereum.
Thank you to the community that got us here. The next chapter starts today!
BlueInvestor retweeted
ETH is the most important use case of the Ethereum blockchain and the Ethereum blockchain is the best vehicle the Ethereum community has to champion its values in the world.
ETH really needs concerted marketing as machinic SOV . . . just go all-in on that, market the asset itself. . .
ETH is our best "sanctuary tech"
esp. + Railgun + Kohaku + Ambire + Aztec
yet leaders promote every other "sanctuary tech" instead, I don't get it. . .
ETH literally is the product and needs to be marketed directly and explicitly--yes, "shilled"
verifiable compute is super interesting but doesn't make ETH super investable. . .
...who in 2026 is interested in investing into a bleeding-tech notary service? . . .
. . . very useful but doesn't excite anyone, especially investors. . .
& if ETH doesn't take off I doubt Ethereum's use for verifiable compute will dominate either as the ultimate security for that is ETH's value . . .
BlueInvestor retweeted
ETH rallying is vindication for everyone who believes in decentralization.
It’s what makes this industry timeless.
It’s what gives digital objects physical properties.
It’s what makes ownership on the internet an immutable right.
I think decentralization and everything it entails (Censorship Resistance, Open source, Privacy, Security) is literally all that matters.
It’s not a spectrum. It’s a belief.
Believe in something.
I believe in ETH.
BlueInvestor retweeted
Morgan Stanley just published an @ethereum primer.
Not an ETH price target or a trading thesis.
A primer on Ethereum as infrastructure for stablecoins, tokenized assets, payments, settlement, lending, and financial applications.
Assets converge where the liquidity is.
Liquidity converges where the assets are.
Institutions converge where both already exist.
Ethereum has spent a decade compounding all three.
Those network effects can't be replicated.
Institutions building the future of finance are choosing Ethereum.
BlueInvestor retweeted
I updated my 2023 roadmap diagram to overlay where the items that were there sit in the current Strawmap ( strawmap.org/ ).
In general, a lot of overlap, but:
* Some things got reshuffled in order (eg. quantum safety up-prioritized)
* Some things deprioritized (eg. VDFs; many EVM improvements)
* Some things replaced with superior constructions (eg. Verkle -> unified BT -> PBT; state expiry -> new state types)
What's most striking, however, is that some completely new things are in the strawmap that are NOT in this diagram, because they were not in the 2023 roadmap at all. These reflect changing priorities.
Notably:
* First-class attention to strong privacy. This covers: keyed nonces and recent roots, aspects of FOCIL, lean privacy pool & wormholes
* Aggressive scaling in the context of post-quantum. This covers: leanSPHINCS signatures and aggregation, zkzk frames (see ethereum-magicians.org/t/eip… )
* Lean-ification of the spec, to assist in formal verification (full FV of everything is only possible because of modern AI)
* Blob and gas futures (this idea just didn't exist back in 2023)
* Native rollups (SNARKs were nowhere near mature enough to even consider this back in 2023)
* A more open design space for the "future of the EVM". zkzk frames already implies that the protocol will expose to users some ISA that's not the EVM - current leading candidates are leanISA and RISC-V. These ISAs are more simple, modern and efficient than the EVM. Once they're there, why not expose them to developers everywhere? (And then, why not turn the EVM into being an IR on top of that ISA, instead of an enshrined feature massively complicating the base protocol?) Though much of the deeper exploration here is too early even for the strawmap.
* New state types are not just a replacement for expiry, they're a fundamentally different paradigm to how Ethereum does scaling
A common theme in scaling, found in both state types and zkzk frames (both new ideas), is that instead of trying to maximally scale ALL ethereum activity, we try to create specialized mechanisms that have more restrictive properties that make them more scaling-friendly, while supporting the heaviest loads incurred by users and applications today (eg. token transfers, swaps) and tomorrow (eg. privacy protocols).
The other common theme is treating STARKs and AI-accelerated FV as first-class objects, that we are okay betting the technical future of Ethereum on. There are recursive STARKs in many layers of the protocol, one particular primitive (the "aggregate to union verified dependencies" primitive) is expected to be used in *three* places in the protocol: EL, CL and DL. This can only be safe with formal verification, which is itself only feasible with modern AI tools.
In general, many steps forward in maturity. And a huge amount of hard work by many dozens of Ethereum researchers and developers on all of these features.
Ethereum will be quantum-safe. Ethereum will put users' privacy first. Ethereum will be secure. Ethereum will be censorship-resistant. Ethereum will be highly performant and scalable while satisfying the above. And Ethereum will be Lean.
BlueInvestor retweeted
Brian has done more for this industry than perhaps any other one person. But he isn't an eth fan and that's fine.
He likes bitcoin but needs eth. Literally few.
It will have been good for ethereum to go through these early years with little support and substantial opposition from crypto's industry titans.
If the Brians, Paolos, and CZs of the world had supported eth early, we'd already be at $15k, but our political economy may be more fragile and contingent on their support.
The crucible of all this opposition from industry titans is helping prepare ETH to be a civilizational SoV.
BlueInvestor retweeted
Why I sold $COIN.
Coinbase markets “onchain,” builds Base on Ethereum and profits from Ethereum activity, while keeping ETH exposure flat and directing treasury conviction toward $BTC.
They want Ethereum’s users, liquidity and fees without meaningful alignment with ETH itself.
Long Ethereum activity. Long BTC treasury. Barely long ETH.
BlueInvestor retweeted
They are trying to push Chat Control through again.
firefly.social/post/x/207460…
BlueInvestor retweeted
Ethereum's biggest catalyst isn't another ETF. It's demand.
@ethereumJoseph says the next wave won't come from traders; it'll come from AI agents, tokenized assets, stablecoins, and institutions settling trillions onchain.
If that plays out, today's price looks very different in a few years.
FT @BitcoinJesusETH @joechalom @Sharplink
Tune in to know more
⏱ TIME POINTS ⏱
00:00 - Intro
01:21 – Why SharpLink Bought More ETH
03:06 – Surviving the Crypto Bear
05:35 – Russell Index Milestone
08:28 – SharpLink's DeFi Strategy
14:39 – Fiduciary Duty Explained
18:07 – ETH Labs Explained
24:02 – ETH Labs Priorities
30:12 – ETH Institutional vs. Etherealize
34:03 – Can Ethereum's New Orgs Win?
38:26 – Sponsor: Securitize
39:04 – Sponsor: Bitget
39:36 – Ethereum vs. Legacy Finance
45:44 – Ethereum's Future Governance
46:57 – SharpLink vs. Bitmine?
50:07 – 1 Million Ethereum Developers
51:30 – Glamsterdam Upgrade
56:44 – Why ETH Gains Value
01:02:59 – Measuring Ethereum's Success
01:08:03 – Wrap-Up