The transaction volumes are more interesting as they demonstrate a rapacious increase in real life use cases (most of them DeFi based) that will not slow down irrespective of the price of ETH.
A former Thoughtworks colleague asked me, “What is the use case for blockchains?” This is like asking “What is the use case for the Internet?” I did not say that, instead I asked him to just think of it as a technical upgrade for the derivatives market, and to understand what that constitutes as an addressable market/problem to solve. This cute picture
These 2 points are just a couple of the fundamentals that Launchnodes customers should take comfort from. My analogy with the Internet and Ethereum is an infinite benefaction, so let me talk about price by asking a final question. In 1997, if the Internet could have given us applications that paid us for using them, and given end users the ability to earn money from the increasing network traffic, how would “markets” have responded to the companies peddling this new magic? Calm caution, or batshit hubris?
The price of progress is trouble and Ethereum and those of you staking are making lots and lots of progress.
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