Ethereum

Ethereum is a radically different type of era-spanning and global institution. One that has quite literally never existed before.

Ethereum is a completely digital, decentralized, censorship-resistant, credibly neutral, self-sovereign, institution that anyone in the world can fully verify the rules of for themselves with some low-powered hardware and an internet connection.

Ethereum as an institution wants to exist not for decades or centuries but for thousands of years - it wants to outlast nation states and entire civilizations - it wants to be alien technology.

The value of this institution can be difficult to quantify - it's like trying to quantify the value of the internet or a major religion - but imo it is, at minimum, worth tens of trillions of dollars. On a longer time horizon, it is worth hundreds of trillions (if not more).

The institution is Ethereum and the ticker is ETH.

Love this take. ETH is about building a global institution that lasts way beyond our time.