Kudos to make it freely available but still very wrong on core perceptions due to BTC bias.
ETH asset is definitely not limited to a utility currency, that's a 2017 misconception still alive.
A more comprehensive description could be:
- reserve currency for onchain AI economy
- onchain SoV realyielding 2.3%+, less inflationary than BTC with these metrics becoming even more attractive when onchain activity / adoption picks up (we're perhaps at <0.5% adoption). Realyield can be increased with Defi & EigenCloud restaking
- most permissionless collateral for biggest Defi ecosystem
- used to pay for use of ETH platform
Welcome to 2025.
"Ethereum’s purpose is not primarily to be a digital currency payment network. While the digital currency ether is both integral to and necessary for the operation of Ethereum, ether is intended as a utility currency to pay for use of the Ethereum platform as the world computer."
@ManInBlackie "due to BTC bias."
This was an overreaction since I don't know you. Was more directed towards aantonop.
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