There's just this massive hump that people are not going to be able to get over, that they like things that cash flow, they can model, etc.

Growth. They like growth.

Growth.

So the description of the world computer of Ethereum and this network, this economy of different applications that look like businesses, you got a lot of people there very quickly.

And I think maybe this would be a controversial thing to say,

but I think Ethereum has a better shot at money on a long-term time horizon than something like

Bitcoin does.

Welcome to Bankless, where we explore the future of Ethereum and ask the question, what is Ethereum's

North Star? And does it even need one? There has been some angst in the Ethereum community growing

over the last year, as Ethereum has become squeezed by its competition. Bitcoin's story as money is

growing in mainstream society, while ETH story as a financial asset has not

experienced that same level of success. Meanwhile, deeper in the crypto trenches, Solana has captured the

hotball of money of crypto, attracting the marginal new user and new capital into its ecosystem.

And over in the distance, Celeste's data availability continues to progress at a faster rate

than what is found on the Ethereum layer

one. This is Ethereum's three-front war, and we covered this in a topic on a recent episode

with Justin Drake, but this three-front war is a technical war, and armies are led by generals.

Projects have leaders who make both strategic and tactical decisions in pursuit of a goal. What is Ethereum's

goal? What is Ethereum designed to do? What are the Core Dev's building? Ethereum has been at

peacetime for its entire life and has had the luxuries of building in a peacetime world. Today,

more people are thinking that this era of Ethereum's life has come to an end. And a phase change

is needed for Ethereum to enter into a more aggressive stance towards this competition that some

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