Again I although I think the @Blockworks_ boys are right here with the community mind and this creating price due to narrative essentially. I think they’re also completely wrong too. They use $AAVE and $ETH as logical alternatives to the current financial system as if they’re obvious choices and the “non-idiots” know this. Yet I’d argue two things; 1) it is kind of the community mind within the crypto ecosystem that semi creates the $ETH value as the above opinion is consensus. 2) $ETH gas fees are just miles too high for everyday transactions. 2 is just fact in an honest world. Now, yes you can argue it’s a few adjustments needed for it to work and be in a good position, but realistically isn’t that arguement just as valid for $XRP? If you look at it holistically. A native DEX, faster settlement and cheaper transaction fees. Okay, maybe it needs a change in terms of programability? Some argue this point, I’m not sure I agree. However, whether I agree or not is irrelevant, it’s still one change, similar to the one or two changes needed for $ETH. Again, I would argue consensus and bias towards $ETH is still there and is it a logical bias at this point? I don’t know. I don’t think it is logical I just think it’s consensus. @JasonYanowitz I implore you guys to read my article around $XRP. I think I address a lot of what you discuss but from the perspective of someone holding $XRP. I wouldn’t say I’m a maxi, I just think a lot of the space is missing one of the biggest opportunities in crypto due to historical bias.
Show original
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.