Eth is overvalued

[Anonymous No.51449947]

Eth is run on hype. not advanced and competitive technology, not a comparative advantage over competitors, nothing, but a to-be-shortlived first mover advantage.

This is evident by analyzing the behaviour and opinions of eth holders around social media, including this board. the PoS PoW argument is not discussed with intelligence, purely incorrect facts splurged from a tiktok video they watched. the argument eth must continue as successfully as it has up to this point is arbitrary and false.

Eth has no advantage over competitors. It grew to this size through a now expired first movers advantage. Its competitors are outperforming it on every front. The investors in this market are of the lowest capacity to perform due diligence. This has kept eth on top for so long. The switch to PoS will juice the remaining dumb money from the hands of retail into the whales. this is not an argument, it is a direct result of the changes to Eth.

think objectively. there is no reason for eth to perform as it has done in the past. there is no reason for blackberry to perform as it has in the past. there is no reason for yahoo to perform as it has in the past.

tldr. Eth is overpriced. The holders are dumb. The community is hype driven. These types of investors never win in the long term.

[Anonymous No.51449989]

>>51449947
ok, sell!

[Anonymous No.51450083]

I’m pretty sure the first mover advantage will keep carrying Ethereum considering it is already very large. So it won’t disappear. But as you mentioned, it has no technical advantage and its competitors are really solid. I’m especially interested in Algorand which already has serious institutional and governmental adoption. So maybe it won’t use its user base, but other solid chains will gain much more new users than it.

[Anonymous No.51450182]

>>51449947
>he thinks value is in L1 to begin with

ngmi. he who connects these chains, wins the throne

[Anonymous No.51450609]

>>51450182
It will be IOTA with Assembly

[Anonymous No.51450747]

>>51450083
>which already has serious institutional and governmental adoption
No blockchain has actual institutional or government adoption. Testing shit does not equal adoption. There have been government projects that went through multiple different blockchains before 'finalizing' their decision

>>51450609
>IOTA
lmao, hows that turning off of the centralized coordinator going?

[Anonymous No.51450811]

>>51449947
>>51450083
>first mover advantage
Oh, you mean propped up by a literal opinion?
Reminder:
>it will never scale
>Vitalik knew this from the start as he promised half a decade ago he’d work on it
>nobody actually knows how much mETH exists
>ICO VCs own 70% of supply and use it to fund their PoW operations as well as influence crypto news media
>nobody will ever use a shitchain that charges $30 to move $1
>ETH 2.0 isn’t even programmed to allow stakers to sell until “approximately” 1 year after “launch” which will be butchered and result in hardfork
The following is absolutely crucial for mETH joggers to understand:
>mETH only reached its current market value after Hinman and the other kikes said it wasn’t a security, hyping up all the turbo virgins with confidence
>Hinman has received over $20M in ETH directly from the Ethereum Foundation
>SEC has since the start of the lawsuit claimed that “ETH is not a security” is merely a (((personal opinion)))
>they then said that it was taken as “financial advise” from a government entity collaborating with the SEC, specialized in regulations
>they have been flinging shit, objecting everything so they can redact every piece of information and never let the public know sources claiming “it’s not fair”
>the judge is closing in on them
>their lawyers are leaving
>SEC agents publicly stating it’s a lost cause, an embarrassment, some of them have stepped down
>government whistleblowers calling it one of the greatest cases of corruption
>Simpson Thacher has left the Enterprise Ethereum Association to cover his tracks
>Vitalik bent the knee and leaves Ethereum Foundation
>reminder Gensler implied that every single ICO is a security
>every single PoS chain is a security
>reminder you will live to see Ethereum completely implode after being exposed as the biggest Ponzi in the history of crypto