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ROLLUP: Operation Choke Point | SEC Crypto Staking Crackdown | Genesis Earn Repayment | a16z Uniswap
Bankless
Do They Understand Why Ether Is Worth Greater Than Zero Dollars?
John Pfeffer wrote a paper about how the velocity of Ether is too high to be treated as a currency because it's all gas. He was very persuasive, wasn't he? Oh, I know. Yes. Listen to these arguments. Do they understand why Bitcoin is worth greater than zero dollars? If they don't, if they can't answer those questions, don't listen to them. Have they been through a crypto cycle? No, they haven't even started.
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