Why does David Hoffman feel differently about $ETH today? What changed his mind? "It's what Laura Shin said... Ethereum isn't focused on putting points on the scoreboard.. ...parts of Ethereum leadership is adverse to growth.... and it's prohibitive for growth to happen"

@TrustlessState @laurashin If your investment views are based on a single person such as Laura Shin rather than the macro economic data in conjunction with Ethereums fundamentals, then you’re someone who probably needs to take a step back with your investing..

@TrustlessState @laurashin When the going gets tough, the weak whine and blame Wannabe journalists without skills, credibility or credentials You want scoreboard points? Stop chasing scams Buy ETH Earn wealth over time like all successful adults Ethereum had matured and won Here endETH the lesson

@TrustlessState @laurashin Yeah, I’m actually unsubscribing to yall podcast. Pretty upset with your conviction. I honestly feel like ETH has done everything it could and should be doing presently. Just because the masses don’t realize doesn’t mean you change your opinion. It’s honestly a good shake up tbh.

@TrustlessState @laurashin Laura Shin should not affect anybody’s world views.

@TrustlessState @laurashin Really? That’s the rationale? From bankless to ballsless

@TrustlessState @laurashin Found your pod in '21, sold NVDA and TSLA for ETH near ATH. Closed recently at ~50% loss. My call, my responsibility. But announcing this as lightly as you're pumping the next thing - some humility for the people who f'd up their lives following you here would go a long way.

@TrustlessState @laurashin Brought to you by: - someone who THOUGHT they KNEW something they didnt quite KNOW, but NOW KNOWS something different than he KNEW before, which is that he actually yeah, LIKES BANKS duh, but also really he likes MONEY and needs his to keep putting POINTS ON THE BOARD. - FOMO

@TrustlessState @laurashin Many words to say you are sad your bags are not pumped, which is fine.

@TrustlessState @laurashin All eyes on ALGORAND $ALGO, the Bulletproof, Quantum Resistant “Chain of Chains.”

@TrustlessState @laurashin So why don’t you have tom Lee on to get his opinion about your new thesis?

@TrustlessState @laurashin Thanks

@TrustlessState @laurashin Hyperliquid is the perp king and Solana is way faster for Sable coin tracations and AI agents that need speed. Tokenized assets are also migrating to Solana. ZCASH on Solana is the pritatized play. What is ETH but a big piggy bank that inflates itself for yield.

@TrustlessState @laurashin We literally told you all of this 6 years ago. 🙄 So the Bitcoiners were right?

@TrustlessState @laurashin Excited for this episode. Will determine if I readjust my thesis or decide that David panic sold the bottom like a paper handed princess. 🍿

@TrustlessState @laurashin wouldn't just PoS + TVL growth make the case for ETH price appreciation?

@TrustlessState @laurashin Momentum lost? I mean for me these all are not a valid reasons (not a single one) to sell ETH… good luck and wish u all the best

@TrustlessState @laurashin ETH is still great. I think it's just that the Ethereum network has built all these great products and services, each with their own tokens - it's diluted attention and capital. However, all of that is working to still build a strong foundation.

@TrustlessState @laurashin Honestly, I’ve been listening to you guys since the start many many years of roll this latest episode made me so sad. I know you guys aren’t quitting but just felt like it really is an end of an era. I never even held ETH, always been a bitcoin Maxi, but I loved your perspective.

The reality is ETH was and never will be money. Money is not a meme nor a hallucination, it’s a simple function of game theory. Independent economic actors are incentivized to store their wealth in the asset which best preserves purchasing power. This is otherwise known as the “Schilling Point”. Money is a winner take all game that tends to one and is only won by the form of money which has the best store of value characteristics, amongst others. That money is Bitcoin and therefore the price of ETH, when priced in Bitcoin, will continue to trend to zero over time.

@TrustlessState @laurashin U guys r clueless U will now lose your viewership

@TrustlessState @laurashin ETH has tried too hard to be everything all at once. STX has been right since the beginning. Let BTC be the SoV & settlement layer… provide more functionality to the king (BTC) instead of trying to displace it (ultrasound money blah blah blah)

@TrustlessState @laurashin More growth in exchange for being jus another PayPal is no value increase tho

@TrustlessState @laurashin This will be the bottom.

@TrustlessState @laurashin 🤣

@TrustlessState @laurashin EF's scared of growth means more shitcoiners. Stick to the plan.

@TrustlessState @laurashin I agree with a lot of what David said. Ethereum is interesting philosophically, but in actual practice it's so fragmented and clunky with bad UX and no clear narrative around SOV. All that said, why sell ETH? Is it just to send a message or is it to reallocate the profits?

@TrustlessState @laurashin Feels like the next DeFi wave rewards fundamentals over emissions farming. @OlympusXReserve is positioned well for that shift.

@TrustlessState @laurashin Jack of all trades….master of none.

@TrustlessState @laurashin From Bankless to Ethless. 😂

@TrustlessState @laurashin He has always been a griefter

ETH is a gas token, the price is too high, it is not a store of value. ETH cannot be money and a store of value, so what Ethereum needs is an immutable store of value, that is not controlled by anyone. It's possible to have that, it just takes belief ethereum:0x829f4b62eebe12af653b4dd4ffc480966f7d7f09

@TrustlessState @laurashin These were never serious people. incredible to watch...

@TrustlessState @laurashin Why would anyone think eth is a store of value? 🤣

@TrustlessState @laurashin Guys - the obvious argument. ETH to TVL ratio must be > 1

@TrustlessState @laurashin Good clip/conversation here. Looking forward to Bankless content again for the first time in a while. Kudos for the open mind.