BNBUSDT20240122C305
Binance Coin / Tether USD Jan 22 2024 305.00 Call
crypto

I need more investors to hold ETH the way I have, regardless of whatever app narrative is popular at the moment.
I’ve held since 2017 through multiple cycles. Some people mock that as being a bag holder, and yes, I realize I missed out on massive potential gains by not selling high and buying back lower multiple times.
But I always saw Ethereum / ETH as a store-of-value play. It is still up massively against the dollar since launch, and even with the current pathetic price action, the long-term chart still shows a clear uptrend when you zoom out.
The real problem is not ETH versus the dollar. The problem is ETH’s terrible relative performance against BTC, BNB, and TRX.
Fortunately, I also hold some BNB and TRX, but they are a very small percentage compared to my ETH holdings.

Zach Rynes from Chainlink, a former “ETH maxi,” said in a recent interview:
*"The ultrasound money story was perfect - adoption directly tied to deflationary supply. Then revenue fell 99.9% because they gave MEV and congestion fees to L2s."*
Tweet: [https://xcancel.com/therollupco/status/2057913135302840449](https://xcancel.com/therollupco/status/2057913135302840449)
He may be right about the 99.9% revenue drop - but I think he's missing a crucial point: **this decline in revenue was inevitable in the midterm, regardless of the L2 strategy.**
Without L2s, the following would likely have played out instead:
* Companies like Coinbase would have simply built their own L1s (e.g., BNB, CRO), completely internalizing the revenue and further fragmenting the ecosystem - with Ethereum seeing none of that upside.
* Transaction fees were always going to fall dramatically in the mid-to-long term - this is essentially an iron law across all blockchains, because ultra-cheap transactions are a prerequisite for many real-world use cases to become economically viable
My point is: **the revenue compression Zach describes was inevitable.** And if Ethereum's economic zone - built around tightly integrated and interoperable L2s - actually works, it's a far better outcome than every major company spinning up their own isolated L1.
The real question (and my main concern) is this: Will Base and other major L2s remain committed to Ethereum long-term? And will transaction volume grow enough to offset the lower per-transaction revenue? This isn’t Ethereum’s only challenge, but it’s a critical one - and when it comes to revenue from transactions (which ultimately need to be very cheap), **every blockchain faces t**his structural constraint.

I dont use Binance, but it has a chain with a DEX. (BNB)

$BIYA +42% — BNB treasury pivot, $1M buy + buyback plan

Very good message.
I say this as someone who made most of his money in altcoins and keeps rotating profits into staked ETH - Currently, Alt L1s are (unfortunately) all implied ETH shorts.
Every alt L1 and their VC funded marketing teams are gunning for Ethereum, because if ETH goes parabolic, their coins will trend to zero. This means every SOL, BNB, HYPE, Tron, and 100 other altchains (you name it) has a direct vested incentive to convince you that Ethereum is dead.
And again, I trade, I surf the waves when I can, but the truth is looking differently: https://pbs.twimg.com/media/HI30fhbXYAAvGGf?format=jpg&name=4096x4096
Now the very fair question: "Why is ETH not going up? How long can we wait? When moon?" No clue.
My best guess: The current market structure is not good for Ethereum. The market and liquidity is dead and very guided (in my cynical opinion) by VCs and grifters. You can get a good look into their thinking patterns if you go on Twitter.
Ethereum turns around the minute we get an actual institutional bid on crypto, where actual real analysts (not Twitter reply guys) will look at fundamentals, narratives, and potential future liquidity rotations.
This will then form the narrative uneducated traders can rally around.
And lastly, always remember, there's contrarian bubbles out there, everywhere. There's people in stocks sitting on 5 P/E stocks that never go up. There's people calling for different narratives everywhere that never happen.
Ethereum, for now is one of these in the short term. But it has proven before that it can capture ALL the mindshare in months, like /u/hanniabu just said.

You are the best. Thanks a million.
It says BNB Smart Chain. I suppose it is BEP-20.
0x8151Fcfe084c3ed7Ac629D0F1f72daa0e2b8a2c3

BNB Smart Chain Shows Quantum-Safe Crypto Works Despite 50% Throughput Drop

If you play the "word of the day" game on binance and find atleast 3 word in the week, you get something like 0.00020 BNB each time, so you could accumulate enough to transfer it.

If you want, send your BEP-20 wallet address and I can send the 0.0001 BNB for gas fees.

I need more investors to hold ETH the way I have, regardless of whatever app narrative is popular at the moment.
I’ve held since 2017 through multiple cycles. Some people mock that as being a bag holder, and yes, I realize I missed out on massive potential gains by not selling high and buying back lower multiple times.
But I always saw Ethereum / ETH as a store-of-value play. It is still up massively against the dollar since launch, and even with the current pathetic price action, the long-term chart still shows a clear uptrend when you zoom out.
The real problem is not ETH versus the dollar. The problem is ETH’s terrible relative performance against BTC, BNB, and TRX.
Fortunately, I also hold some BNB and TRX, but they are a very small percentage compared to my ETH holdings.

Zach Rynes from Chainlink, a former “ETH maxi,” said in a recent interview:
*"The ultrasound money story was perfect - adoption directly tied to deflationary supply. Then revenue fell 99.9% because they gave MEV and congestion fees to L2s."*
Tweet: [https://xcancel.com/therollupco/status/2057913135302840449](https://xcancel.com/therollupco/status/2057913135302840449)
He may be right about the 99.9% revenue drop - but I think he's missing a crucial point: **this decline in revenue was inevitable in the midterm, regardless of the L2 strategy.**
Without L2s, the following would likely have played out instead:
* Companies like Coinbase would have simply built their own L1s (e.g., BNB, CRO), completely internalizing the revenue and further fragmenting the ecosystem - with Ethereum seeing none of that upside.
* Transaction fees were always going to fall dramatically in the mid-to-long term - this is essentially an iron law across all blockchains, because ultra-cheap transactions are a prerequisite for many real-world use cases to become economically viable
My point is: **the revenue compression Zach describes was inevitable.** And if Ethereum's economic zone - built around tightly integrated and interoperable L2s - actually works, it's a far better outcome than every major company spinning up their own isolated L1.
The real question (and my main concern) is this: Will Base and other major L2s remain committed to Ethereum long-term? And will transaction volume grow enough to offset the lower per-transaction revenue? This isn’t Ethereum’s only challenge, but it’s a critical one - and when it comes to revenue from transactions (which ultimately need to be very cheap), **every blockchain faces t**his structural constraint.

I dont use Binance, but it has a chain with a DEX. (BNB)

$BIYA +42% — BNB treasury pivot, $1M buy + buyback plan

Very good message.
I say this as someone who made most of his money in altcoins and keeps rotating profits into staked ETH - Currently, Alt L1s are (unfortunately) all implied ETH shorts.
Every alt L1 and their VC funded marketing teams are gunning for Ethereum, because if ETH goes parabolic, their coins will trend to zero. This means every SOL, BNB, HYPE, Tron, and 100 other altchains (you name it) has a direct vested incentive to convince you that Ethereum is dead.
And again, I trade, I surf the waves when I can, but the truth is looking differently: https://pbs.twimg.com/media/HI30fhbXYAAvGGf?format=jpg&name=4096x4096
Now the very fair question: "Why is ETH not going up? How long can we wait? When moon?" No clue.
My best guess: The current market structure is not good for Ethereum. The market and liquidity is dead and very guided (in my cynical opinion) by VCs and grifters. You can get a good look into their thinking patterns if you go on Twitter.
Ethereum turns around the minute we get an actual institutional bid on crypto, where actual real analysts (not Twitter reply guys) will look at fundamentals, narratives, and potential future liquidity rotations.
This will then form the narrative uneducated traders can rally around.
And lastly, always remember, there's contrarian bubbles out there, everywhere. There's people in stocks sitting on 5 P/E stocks that never go up. There's people calling for different narratives everywhere that never happen.
Ethereum, for now is one of these in the short term. But it has proven before that it can capture ALL the mindshare in months, like /u/hanniabu just said.

You are the best. Thanks a million.
It says BNB Smart Chain. I suppose it is BEP-20.
0x8151Fcfe084c3ed7Ac629D0F1f72daa0e2b8a2c3

BNB Smart Chain Shows Quantum-Safe Crypto Works Despite 50% Throughput Drop

If you play the "word of the day" game on binance and find atleast 3 word in the week, you get something like 0.00020 BNB each time, so you could accumulate enough to transfer it.

If you want, send your BEP-20 wallet address and I can send the 0.0001 BNB for gas fees.

Where/How to buy very small BNB in Canada? 0.0001 BNB needed.

Bitcoin and Etherum! Thinking also about BNB, SOL and XRP, but i don't trust these coins enough...