ETH Reddit Mentions | ChartExchange

I was not especially impressed with Ethlabs’ Ansgar’s answers to Laura. I understand the broader point about needing more intentionality around ETH, but that itself highlights the problem: ETH still needs a clearer value story.
Like it or not, ETH needs to be marketed more effectively as a number-go-up asset. Bitcoin has done this extremely well with the digital gold narrative and its fixed supply. Ethereum has a much more powerful ecosystem, but the ETH asset story has often been vague by comparison.
Ethereum L1’s higher transaction costs and slower throughput gave Solana an opening to steal a lot of the attention in 2024. The burn mechanism helped support ETH’s deflationary narrative, but after the high-fee criticism, the Dencun upgrade significantly reduced transaction fees, which also reduced the burn. That weakened one of ETH’s strongest monetary narratives, while the L1 still has not scaled to the point where it can compete on speed with some alternatives.
**I think Ethereum needs a much stronger and simpler narrative. Something like digital, programmable gold - quantum-ready, more useful than Bitcoin, and much faster than Bitcoin.**
**To really support that narrative, Ethereum L1 should ideally become quantum-ready before quantum risk becomes an obvious industry-wide concern. ETH issuance should also be lower than the current roughly 0.8% inflation - ideally near 0% or slightly deflationary - and L1 throughput should improve dramatically, potentially toward 10,000 TPS or better.**
**These things matter because ETH is not only competing with other L1s on technology. It is also competing with BTC, SOL, and other assets for investor mindshare and capital. If BTC continues to be viewed as the faster horse while also being less volatile, then ETH needs a much clearer reason for investors to choose it. “Programmable digital gold” only works if ETH can back that narrative with stronger monetary policy, better scalability, and a roadmap that regular investors can understand.**
**Obviously, those are lofty goals and much easier said than done. But I feel like Ansgar could have at least touched on that kind of roadmap or narrative direction. Instead, a lot of the response felt like word salad around “intentionality” without clearly explaining what ETH is supposed to become as an asset.**
Ethereum has the technology, ecosystem, developers, and legitimacy. But ETH, the asset, still needs a clearer story that regular investors can understand and believe in.
YouTube link and partial transcript below:
[https://youtu.be/bFwBR6z5HVU?si=htIC9\_nE7UIzlM5p](https://youtu.be/bFwBR6z5HVU?si=htIC9_nE7UIzlM5p)
*0:00*
***Laura Shin:*** *So, as I'm sure you're very well aware, a lot of people in the community are unhappy that Ether, the asset, hasn't been performing so well. Famously, David Hoffman kind of gave up on ETH, yet I saw his name on the list of supporters of ETH Labs, which was interesting. Anyway, tell us what you view as the problems with Ether, the asset.*
*1:28*
*The problem, and the problem for sentiment, which I share, is that Ether had that success five years ago. Ether has been in the $100 billion-plus category for five years. Basically, it won round one. It really had a lot of success. But ever since then, it has been waiting for the answer to what comes next. What more is there for Ethereum and Ether?*
*1:53*
*I think we have failed so far to clearly outline the role for Ether that would justify a valuation above that type of category. Bitcoin is the only crypto asset above $1 trillion, and there are really very few trillion-dollar assets in the world. What is the type of role that would justify Ether joining that category?*
*2:15*
*I don't think it is impossible. I think the problem has been that the relationship between Ethereum and Ether has been vague and undefined for a long time. People keep asking about this. In the early days, that did not matter as much. Coins were mostly sentiment trades. People were excited about Ethereum, so they bought some ETH.*
*2:40*
*But now people are getting more sophisticated, and markets are getting more sophisticated. So the question is: what is the actual value story here? Where does the value of ETH come from?*
*2:54*
*I am not here today to give a perfect answer to what the role of ETH is or what the value story of ETH should be. I think it would be naive to think that this is easy to answer in one shot. The more important thing is that it is time for these questions to be properly centered in the community and across the crypto space.*

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