Stakeyour.eth

@stakeyoureth

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People love to bring up “the market”. Well “the market” is wrong.

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Update: I have attempted to recreate a modern rendition of the artifact. I believe they were discussing how to design a L1 while solving the scalability trilemma, and they all had different ideas? Will rumored bank partnerships, high performance via data centers, a few DPoS validators, peer reviews, or Ethereum be the winner of the L1 wars?

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🚨BREAKING🚨 What appears to be an ancient crypto artifact has been discovered! Nearby inscriptions describe it as: "The Beginning of the Great L1 Blockchain Wars c. 2016-2020" It appears to depict a group of powerful individuals in a secret meeting discussing something of importance. I believe that is @vitalik.eth, Justin Sun, and Toly, but I'm unsure who the others are. Can the crypto community shed insight on the meaning and historical significance of this relic? What could they have been discussing? If anyone ever uncovers artifacts depicting 2021-2025 please also share with us!

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Fun facts 2021: ETH was #1 in revenue at $10B (#2 was BTC at $1B), but haters said it was too expensive + slow to use the network. 2024: ETH was STILL #1 in revenue at $2.5B, but this time it managed to scale via L2s with cheap + fast txs. Don’t fall for nonsensical hypocrisy from BTC maxis and VC L1 shills trying to backfill narratives. If revenue determined how much a network’s token is worth then almost everything else should be at 0 since they never had revenue in the first place.

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Imagine going into a coma in Jan 2018 after witnessing $1.4K $ETH. When there was only $110K stablecoin TVL on Ethereum, crypto kitties, scam ICOs, with no Dapps, Defi, or institutional adoption. Then waking up Apr 2025 to $1.4K ETH, but there’s $120B+ stablecoin TVL, $40B+ in Defi, $5B+ in tokenized RWA, and the POTUS’ family is building their own Dapp+stablecoin on Ethereum. How could you not be feeling bullish long term? Wen CaaS? (Coma as a service)

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Why I’m bullish on $ETH long term. World’s largest asset manager BlackRock explains the difference between $ETH & $BTC. ETH = a long term bet on real utility and use cases. BTC = a bet on “price has historically done well, it may keep going up!” Ethereum is on another level.

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Fun fact: Ethereum's Nakamoto coefficient (min number of validator nodes/operators needed to disrupt the network) is actually double Solana’s right now (details below). ETH = 41 SOL = 20 LIDO ≠ 1 entity (common misunderstanding that leads to incorrect takes) Lido is a network consisting of 500+ independent operators. I could be disingenuous and claim that means the coefficient is 500+ but I won't. Sol Foundation originally counted Lido as 1 operator but was also willing to revise their reports. The reality is that ~96% of current stETH is from the curated module, an independent group of 36 operators. So the correct calculation is: ETH: 36 (Lido curated module set) + 1 (Coinbase) +1 (Kraken) +1 (Binance) +1 (Kiln) +1 (Etherfi has multiple operators but afaik list isn't public so counting as one entity) = Top 41 validator operators for 50%+ of staked ETH to disrupt the network. Solana: Top 20 validators by stake needed to halt/censor the network.

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