
Jrag.eth
@Jrag0x
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⛓️ Onchain Heckler ⌛ Prev. @Sismo_eth I @Kleros_IO I @ConsenSys
Onchain
Joined May 2012
🪦ETH OBITUARY #3🪦. 🗣️"Maybe it is too late to save Ethereum.". - Digitsu, 2015-12-25 (Wall Street Technologist) | ETH Price: $0.87. He's done the research & it's clear: too ambitious, too complex, not enough business experience from founders, Ethereum will fail.
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I have been repeating that for years:. 👏"We have never seen the effect of a low-issuance ETH in a high-demand environment."👏.
Bear with me, long ETH bullpost incoming:. I think we're finally going to see the effects of The Merge + EIP-1559/burn overall issuance reduction going forward (which was a 90%+ reduction in newly issued ETH). What was missing over the last couple of years was the demand piece -.
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Let me illustrate that principle for you. It's called "Conservation of ETH". No ETH got out of the Strategic Ethereum Reserves during this stunt.
0/ Earlier this week, the EF finalized the terms of a 10,000 ETH sale at an average price of $2,572.37 via OTC. For this sale, our OTC counterparty was @SharpLinkGaming.
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