the bull case for ethereum is aave. the bull case for ethereum is uniswap. the bull case for ethereum is eigenlayer, morpho, gte, noise, poster, farcaster, flaunch, clanker, avon, and euphoria.
the bull case for ethereum is not "moneyness."
the bull case for ethereum is apps.
it's utterly wild to me that people are trying to argue that ethereum's "moneyness" is in its bitcoin-like SoV.
the *whole fucking point* of ethereum's innovation over bitcoin is that it allows money to be a *medium of exchange* rather than SoV
for that to happen requires apps.
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