> Improvements on these mechanisms is what is required Maybe, maybe not. But you haven’t addressed my point. You’re saying, once again, you can’t see a path to high value ETH. Fine, that’s a coherent position. What’s incoherent is the Ethereum not ETH talk. The entire purpose and design of Ethereum is strong DeFi with shared CROPs. Strong DeFi starts and ends with a strong decentralized store of value - ETH. You can say strong DeFi is less likely than you once thought. You can say ETH it now looks like ETH will be outcompeted as money by others. What you can’t say is that Ethereum is successful in any sense of the word with a weak ETH. There’s no Ethereum not ETH position when the thing Ethereum is designed to be is a strong DeFi network…that’s just called failure. Yes, Vitalik never said this and should have. That doesn’t make it less true. At the end of the day I’d just rather hear you say “Ethereum is failing” than Ethereum not ETH. Leave the blockchain not crypto weak brew for normies and tradfi who never understood DeFi in the first place.