Ethereum Has A Fundamental Problem: Cyberphunk Nick Szabo

Legendary cyberpunk Nick Szabo and Ryan Watkins, co-founder of Syncracy Capital, laid out opposing frameworks for understanding Ethereum’s rally and its valuation mechanics in a pair of X posts — and together they read like a point-counterpoint on what actually drives Layer-1 prices. Ethereum Price Has Nothing to Do With Utility Szabo’s core claim is […]