ETHEUR
Ethereum / Euro
crypto Composite

https://preview.redd.it/kprw568j3hhg1.png?width=369&format=png&auto=webp&s=4fffb187c3dcb1e775f0056f6717a09a5a5dc3de
Slowly building towards 1 whole ETH xD

L2’s were a bad idea from the off and were made as a reaction to criticism that no one wants to trade on ETH due to the L1 fees. It’s the right decision to move away from L2’s but you have to wonder why the decision making is so short term to begin with.

**Tricky's Daily Doots #1,376**
**Yesterday's Daily 03/02/2026**
[Previous Daily Doots](https://old.reddit.com/r/ethereum/comments/1quk1p6/daily_general_discussion_february_03_2026/o3blqnc/)
- u/No_Crow_6076 has to [vent about the complete disconnect between price and fundamentals.](https://old.reddit.com/r/ethereum/comments/1quk1p6/daily_general_discussion_february_03_2026/o3ate7g/) ⛓️‍💥
- u/Cats_Pyjamaz explains [why they bought ETH.](https://old.reddit.com/r/ethereum/comments/1quk1p6/daily_general_discussion_february_03_2026/o3b9knz/) 📈
- u/Numerous_Ruin_4947 thinks that [the banks failed to innovate and don't deserve a regulatory win to protect their yields.](https://old.reddit.com/r/ethereum/comments/1quk1p6/daily_general_discussion_february_03_2026/o3eqxji/) 🏦
- u/benido2030 clarifies [Vitalik's tweet about L2s.](https://old.reddit.com/r/ethereum/comments/1quk1p6/daily_general_discussion_february_03_2026/o3eaud5/) 🧠
- u/alexiskef explains [why normie fears about private key security are completely unfounded.](https://old.reddit.com/r/ethereum/comments/1quk1p6/daily_general_discussion_february_03_2026/o3chh0r/) 🔐
Bonus r/Ethereum self post doot:
- u/vbuterin shares [a must-read post about L2s.](https://old.reddit.com/r/ethereum/comments/1quv8if/on_l2s_and_ethereum/) 🧐

>I've used metamask
Metamask is a horrible wallet unrelated to Bitcoin and used for scams like ethereum and various erc20 scam pump and dumps
Altcoins are offtopic here but I would avoid ethereum
Not every altcoin is a scam but if I were you I would just focus on education and Bitcoin until you learn more because that one is indeed a scam. no point to ethereum , its on a slow decline because its primary use case was launching pump and dump scam tokens and now solana can do that cheaper than ethereum because of higher gas prices. If solana ever becomes more popular than their fees will rise like eth and another altcoins will overtake solana
1) Vitalik and many others in the Ethereum space are known scammers. Vitalik is not an idiot thus he should have known better than pitch something as ridiculous as quantum mining to potential investors. This is a snake oil salesman pitching technical nonsense to the credulous.
https://www.youtube.com/watch?v=DkUpZkeqhF4
https://medium.com/bitcoinerrorlog/vitaliks-quantum-quest-9e6af6570f23
2) ETH is an illegal security according to the Howey test with a premine of 72 million eths. They purposely misled investors by suggesting merely 12 million gifted premine ignoring the 60 million they sold. Misleading total supply graphs in their prospectus.
3) Vitalik and many other have been falsely representing Ethereum and misleading others over and over again. example - pitching turing completeness as the valuable aspect of ETh , now pivoting away from that and saying it was never about turing completeness but "rich statefulness"
4) Ethereum is a pointless project that will lead to no efficiency because there is no censorship risk in code execution. If a project has no hope of ever creating an efficiency(like bitcoin has found with regulatory arbitrage) than every company and project will ultimately fail in its ecosystem. Are you trying to suggest that someday in the future there will be censorship risk in code execution? If not than what purpose does Ethereum solve if it comes with a horrible tradeoff of an extremely large attack surface and huge scaling problems?
5) Advertising immutability and unstoppable contracts that were than immediately reversed with multiple hard forks.
6) For goodness sake the inflation distribution rate or final algo is not even defined and people are investing in this. This is insane and basically amounts to faith in vitalik and his team, while at the same time newbs are misled into believing eth is decentralized.
7) Ethereum has already failed to scale as expected and so they created a whole new blockchain instead of upgrading and following the difficulty bomb/ice age as they promised and lied about many times.
8) the fact that ethereum is switching over to staking rewards has serious tax implication in many countries where merely holding your eth unlike bitcoin being staked will expose you to taxes. Coinbase for example files 1099MISC for any staking over 600 usd a year to the IRS
https://www.youtube.com/watch?v=wUUVlatCvp0
https://www.youtube.com/watch?v=mCiHTJRbIf4
https://www.youtube.com/watch?v=BgFXqVpGDNg
https://medium.com/startup-grind/i-was-wrong-about-ethereum-804c9a906d36
https://np.reddit.com/r/EthereumScam/
Proof of stake as a whole is pointless, insecure, and will always trend to centralization
Proof of stake game theory insures that those with the most coins will continue to collect the most fees , thus creating a vicious cycle of centralization where they continue to accrue more coins with 0 effort unlike with Proof of work where a meritocracy exists of those trying to be more efficient and miners are forced to sell most of their coins
Ask yourself why metamask which is open source wallet was forced to ban certain people in certain countries recently while no open source bitcoin wallet needs to do that
Its because ethereum is so centralized only a few companies can afford to run a full archival node(infura) which is necessary for metamask functionality and governments can target these single companies unlike bitcoin full nodes.

ETH is in my only to be used list. It's tokenomics aren't the best for long term holding, it can give good returns but not much long term "moon" potential (in other words, there is no bottom but there is a roof)

Kryptobumbsbuden Shorts weiter kräftig am Drucken. Bei ETH kurz heute morgen rausgegangen, weil mir ne schwarze Kadse übern weg gelaufen ist.
Warte jetzt noch darauf, dass Hütte 8 endlich mal abkackt. Wirklich erstaunlich, wie lange die hält.
https://i.redd.it/eusguza1ughg1.gif

ETH

Just snagged a fresh batch of donuts from the dashboard-prices holding steady! What's the vibe on ETH alts today? 

I don't know anything about SKY.
I think beginners should focus on BTC and ETH first then invest in other cryptocurrencies once they are invested in BTC and ETH but each their own

tldr; BlackRock, the world's largest asset manager, has reduced its cryptocurrency holdings by over $10 billion since the start of 2026, with Bitcoin and Ethereum accounting for the majority of the outflows. The firm's net digital asset exposure dropped from $78.36 billion to $68.06 billion, influenced by declining crypto prices. While BlackRock shed significant amounts of BTC and ETH, the reduction is partly tied to the broader crypto market slump rather than outright sales. Comparatively, BlackRock increased its holdings in early 2025 during a market uptick.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

May want to look at the actual protocol to see what's happening with supply, inflation, transaction fes, etc. Adjusted for inflation, ETH hasn't gone anywhere in 8+ years, and has been through significant tech changes. Could be that changes to the protocol are making it worthless (aside from the usual market variables, speculation swings, which I think are only part of the problem).

Way too many trust assumptions and centralization attack vectors.
I would pick an Ethereum L2 wayyyy before choosing to use Solana.
Also SOL has significantly higher issuance/inflation than ETH, and has been around for half as long.

I thought he was all about ETH?

Never , or 0.05 price!-⭐By the end of 2026 or sooner, ETH will fall to $1500 if not sooner and stay there for a long time!🚨👍

Notice how Raoul Pal pushed coins that got hit the hardest?
He was on podcasts claiming millionaires would be printed from memecoins. He was pushing smoking chicken fish which has basically gone -99%.
His largest bag was SUI, more like SUIcide watch, -77%.
Followed by SOL, -61%
And finally ETH, -56%.
People actually pay him subscription fees to access this alpha. His videos and tweets still get tons of engagement.
Yes I know he is charismatic, but please stop following these charlatans.
It would not surprise me if he was dumping his bags the entire cycle.

Thank you for submitting to /r/CryptoCurrency,
Your post has been removed because the topic you posted about (ETH) is already at the limit of posts allowed in the top 50. You may post it again when the topic is no longer at the limit.
---[**Click here for a link to view the current limits**](https://www.reddit.com/r/CryptoCurrency/wiki/topic_limits)---
*I am a bot, and this action was performed automatically. Please contact the [moderators of this subreddit](https://www.reddit.com/message/compose?to=%2Fr%2Fcryptocurrency) if you have any questions or concerns.*

I don't own securities..I own crypto currencies like BTC and ETH..but neither are securities

Does the price of ETH rise, the more people use it?

As stated yesterday, L2s are not dead.

Thomas, EF co-MD:
>imho / my interpretation
(not reviewed by Vitalik or others)

1) successful Ethereum L2s already have unique value propositions
2) Vitalik talks about the 'very long time ago' idea of rollups acting like shards - simple replicas of L1 EVM and tooling without the burden of L1 scale consensus
3) Vitalik acknowledges here the success of L2s like Starknet, ZkSync, Base, Arbitrum, Lighter, etc. where they provide unique features or tradeoffs
4) Vitalik notices that the idea of a vanilla rollup that is not Stage 2 ([http://l2beat.com](https://t.co/NO8wuU2OvJ)) and claims scaling Ethereum is suboptimal and will be most likely replaced by the native rollups tech
5) Vitalik points at L1 scaling plus native rollups as the 'no tradeoffs' blockspace that is now scaling
6) Ethereum still needs rollups to scale but it is important to differentiate the pure Stage 2 scaling (inheriting all Ethereum security properties / low risk) vs scaling with security tradeoffs (like MegaETH) - the latter still has a tremendous value for risk-aware users
[Source](https://x.com/tkstanczak/status/2018969582506328077?s=20)
I posted a thesis about changes in the L2 ecosystem about 9 months ago ([link to the daily from back then](https://www.reddit.com/r/ethereum/comments/1kibfzg/comment/mrdu3w2/?context=3&utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)) which you could summarize to
L1 scaling + blob scaling = less general purpose L2s (because those can't compete with a scaling L1) --> lower blob demand --> blob price down --> appchains / special purpose chains etc. (that might have been L3s in the "old world") grow.
Changes to the ETH ecosystem and especially the L2 landscape were always coming. Of course my reasoning is different than Vitaliks, but I still think this shouldn't be a surprise if you pay attention to the general Ethereum direction. And picking up my comment from yesterday: This is imo not a pivot (though generally I don't care too much about wording), this is a natural evolution. Hence I also believe that this is *not* something that should have been said years ago. This is based on L1 scaling being earlier than expected and L2 stage progression being later than expected. I am not sure we could have predicted this "years ago" as some suggest.
We still need L2s. Different L2s.And not all L2s will be Ethereum. And that's okay!

This is ICO level news in a "normal" situation. I believe this is particularly nice for BTC, XMR, ETH.
It may be the single most important path for crypto in near future.