Ethereum Is Going To The Moon

Ethereum Is Going To The Moon | Keep An Eye Out For This Crypto Coin

Since we’re talking about cryptocurrency, the bad boy of the financial world, phrases like “Ethereum Is Going To The Moon” are needed.

I’ve never been a fan of Ethereum since, as far as I can tell, it’s a “bag o’nails.” Ethereum is a beautiful mess, and how could it not be if you think about it? Ethereum is a decentralised global machine with its own currency. It’s a fantastic concept and software project that gives me frostbite just thinking about it.

Bitcoin is Microsoft and Ethereum is Apple in my dinosaur head, or, if you want to use a metaphor where everybody loses, Bitcoin is the Atari ST and Ethereum is the Amiga.

I prefer POW (proof of work) cryptocurrencies, in which the system is governed by how much computing power you can devote to keeping it running. I’ve avoided Ethereum because it’s on its way to POS (proof of stake), a scheme in which the coin’s oligarch-sized owners get to call the shots and do what oligarchs do best: poop on the little people and battle to the death between themselves. Crypto is software-based politics, so the political structure of cryptocurrencies is crucial to me. Long term, the POS future for Ethereum is a deal-breaker for me, but the issue right now isn’t that “in the long run, we’re all gone,” but rather that long-term exposure is all but dead.

The “ultimate depression” is approaching, and I’m coining the term right now. As a result, the midterm election is the only option. Ethereum seems to be extremely thrilling in the medium term. I’m going to buy.

What is the reason for this? Is it my fear of inflation that keeps me going? No, it’s not true. Ethereum has discovered a new cryptocurrency winning phenomenon. DeFi is a genre of science fiction (decentralized finance). Well, that’s what it’s called, but most DeFi is boring and almost useless; the exciting part is the crypto lending section, where you can deposit your crypto-cash in a blockchain system and earn interest on it in a “risk-free” manner.

This section of DeFi feels like a brand-new market. Anyone is welcome to participate, and everyone is welcomed. It has no hurdles or lags in terms of KYC/AML (know your customer/anti-money laundering), and if it looks like a duck, waddles like a duck, and quacks like a duck, it’s a gleaming tech casino. Of course, all markets are casinos, but if you can create a new type of market that is interesting, thrilling, and immediate, and can be used responsibly or recklessly to win big or lose big, you will have a winner. They do, in reality. All of this is made possible by Ethereum.

Ethereum Catalyst

The ICO (initial coin offering), another Meth casino, was the original Ethereum value catalyst. The regulators did their job and put a stop to it, but crypto is, at its heart, a way of generating value outside of the grip of fiat monopolies, which you can’t hold at bay forever. But putting an end to ICOs didn’t put an end to Ethereum; it just kept it ticking over until another hit app arrived on the distributed screen. It’s here.

AAVE and Compound are two of these DeFi platforms, and you can check them out. I had some Ethereum lying around, so I put $23 in and watched the value rise by 79 billionths of a dollar every second or so in seconds. I’ll have to wait a year to make a dollar, but that’s beside the point. I just opened a deposit account in under a minute, transferred money into it in under a second, and now I’m watching it develop in real-time, all because I landed on the beach of a new continent of financial services.

But let’s put the buzzword and the hype aside for a moment.

The value of Ethereum will rise as a result of this. It is going to push it through transaction costs. A steady increase in transaction costs in dollars increases the coin’s long-term value in dollars. Since the transaction cost is driven up by the coin’s increasing utility, its value in “fiat” must also rise.

So, here’s a quick rundown of Ethereum transaction costs in recent years.

DeFi is on the rise, as are Ethereum transaction fees, and block sizes are reaching new all-time highs.

In summary, in the crypto world, use case equals value, and Ethereum’s value and the price will rise as a result of this new hit use case. For the time being, those are the key timeframes we should be trading in, at least in the short to medium term.

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