In last weekend’s post, Quinn Thompson, the chief investment officer of Lekker Capital, declared Ether Leeum (ETH) as “completely dead.” His opinion has been reacted from the prominent characters of the Crypto industry, including NIC Carter of Castle Island Ventures, Professor Columbia Business School, and Scott Johnsson of VB Capital.
Thompson, who supervises the investment of Lekker Capital, started discussions with the following posts: “Do not make a mistake. ETH as an investment is completely dead.
In addition, we shared the metrics set to emphasize the recent identity of Ethereum, including data on active addresses, numbers and new address production.
Is Ether Lee Rium a ‘death’ investment?
The provocative statement caused an immediate response from prominent voices throughout the encryption ecosystem, causing the influence of Ether Leeum’s economy and investment papers, especially Ether Lee’s Aboriginal token economics.
NIC CARTER, a partner of NIC CARTER, Castle Island Ventures and co -founder of Blockchain Analytics Firm Coinmetrics, has accurately reacted correctly and accurately with a square to the foot of the layer two -scale implementation. Token of itself. ”
Thompson strengthened Carter’s criticism by suggesting that Ether Lee’s community consensus was inappropriate and inappropriate as an asset creation mechanism. Ultimately weakening ETH’s investment story weakened ETH’s investment. Now music that the market is a mistake. ”
However, this point of view has been arguing with Omid Malekan, a professor of Columbia Business School and experts from Cryptocurrency and Blockchain Technology. Malekan emphasized the important role of the layer 2S for blockchain scalability, and claimed that all value extraction by the secondary layer was not essentially unpleasant about Ethereum’s basic tokens. Token capture is a separate question.
Malekan challenged Thompson’s claim by raising questions about whether Ethereum could be the first case in the history of a well -adopted technical network that did not generate meaningful financial profits.
In response to this, Thompson clarified his claim and emphasized that revenue generations were actually generated within the Etherum ecosystem, but it did not generate enough to ETH itself to verify the current market cap of Cryptocurrency. He compared this point: “Many network effects that are not enough to justify the current value are generating entirely. Do you use all network effects and oil for oil networks?”
However, this petroleum analogy caused the skepticism of SCOTT Johnsson, a general partner of VB Capital, and criticized Thompson’s comparison due to the unique token study abroad, especially the deflation token combustion mechanics directly affected by network use.
“I don’t agree with your direction call, but I think this parable is flat. ETH ‘Productions’ is inversely related to use. As oil prices increase, there are demand and supply response. ETH consumption is limited to consumption.
But Thompson did not continue to agree with Johnsson’s evaluation and argued that the historical pattern must not necessarily support the claim of reverse correlation between Etherrium production and use. Obviously, ‘production’ mechanics are different from oil, but similarly high ETH prices apply to demand, so L2S and cheap alternative L1S. ”
In recognition of the misunderstanding of possible, Johnsson clarified that he did not predict the future of Etherrium, and instead, he emphasized the theoretically reverse relationship between the token image and the volume of transactions under the current Ether Leeum network design. “We think we are talking to each other. Anyway, the demand side is actually very sensitive to all costs, so the ultimate point is micro IMO. ”
ETH was traded for $ 1,793 for the prestime time.
DALL.E, major images made with charts on TradingView.com
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