Memes

Ethereum is misunderstood.

The price? Meh.

The memes? Misleading.

But beneath the noise is a beast that’s playing an entirely different game.

Let me explain. 🧵👇

Web3 consultant | senior engineer @lazertech | crypto dinosaur 🦖

3/8

All these arguments have one flawed assumption:

👉 They think Ethereum is competing at the application layer.

Spoiler: it’s not. 🙀

4/8

Ethereum is building a global settlement layer.

It’s not here to run the flashy apps.

It’s here to secure them. 🔐

5/8

That’s why L2s are thriving on top of ETH.

They inherit its security while handling the UX-heavy stuff. 💪

Think of Ethereum as the steel vault… not the cash register.

6/8

Security and decentralization aren’t optional for ETH.
They’re the entire point.
That’s why gas won’t ever be “free.”

(But fun fact: gas is the cheapest it’s ever been.) ⛽️

7/8

And here’s the biggest truth that people miss:

Ethereum is not for retail.

It’s for institutions, corporations, and yes—governments.

The ones who care about secure, neutral, programmable money.

8/8

That’s why I’m playing the long game.
Ethereum isn’t trying to win today’s attention—it’s building the rails for the next century.

Bet accordingly.

2/8

People love to hate on ETH lately:

	•	Gas is too expensive
	•	L2s are cannibalizing usage
	•	Solana is “better”

But these takes miss the forest for the trees.

Stay Curious // iixii // Head of Crypto at https://www.lazertechnologies.com/  // Prev: CoinDesk, Roc Nation // based @basedevo

mainnet's value is its decentralization and security. If you ask me to hold a crypto asset for 100 years, there is really only one chain I'd be comfortable holding on for that long (besides BTC). 

We also haven't yet experienced a collapse of a major L2 and witnessed a mass exodus of funds back to L1. That is something the foundation has on the back of their minds.

How does mainnet capture value if it doesn’t scale and fees are mainly captured by the sequencers on L2s?