all unpegged tokens without explicit cashflows for token-holders, are, for all intents and purposes, money-competitors. The fact that there is, still, even $47B of wealth stored ‘inside’ ETH, is a temporary mistake and exuberance which will unwind. ETH is overvalued.
These things don't neccessarily make it a better *STORE OF VALUE* or *MONEY*. Certainly not as a good as Bitcoin is.
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But no one in the community is arguing it is even trying to be a store of value or money, so I don’t get your argument?
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