The Harsh Reality About Crypto Narratives

If there's one thing blockchain has made crystal clear, it's that setting narratives is profitable. And as long as people keep blindly following narratives instead of thinking for themselves, we'll keep getting pump-and-dump cycles disguised as "the next big thing."

Ethereum's price stagnation? It's not because it's weak, it's because it's the only chain left standing that still tries to be credibly neutral.

Bitcoin set the precedent. No premine, no VC allocation, no insider advantage. It was fairly distributed, neutral, and untouchable. Satoshi never sold a single coin. That's why Bitcoin remains king, for now. But let's be honest: Bitcoin stopped trying to be functional. It embraced the "store of value" narrative and left everything else to be built elsewhere.

Ethereum is the only chain that still holds the possibility of being credibly neutral while remaining functional. Everything else? It's just people trying to set up their own narratives, hoping to get rich off it. New L1s pop up every cycle, backed by insiders who refuse to build on Ethereum, because doing so wouldn't give them the early-adopter advantage they crave.

It's easier to launch a sub-dollar coin, hype it up, and dump on newcomers than to admit Ethereum already won. And since most people can't handle being late to the party, they'd rather chase illusions than accept reality.

Ethereum's four-digit price is a blessing in disguise. The real value hasn't been fully recognized yet, and when it is, the window to accumulate in the four-digit range will be long gone. Six figures and beyond aren't a matter of "if," but "when."

By then, the ones who were busy chasing low-cap illusions will have missed their last chance at accumulating the only functional, neutral blockchain we have left. We tried to tell you.

You don't have to listen. But don't say we didn't warn you.

So, keep looking for your new fancy blockchain that supports higher throughput or whatever, all of it, will always be a sacrifice to decentralization. And that's a tradeoff I'm just not willing to make.

Find me 1 other chain that has multiple client implementations (6! and the logic is split up in two layers, execution & consensus, with different clients for each, so it's actually 12 client implementations, it's mind boggling that they're all interoperable and functional) as another layer of decentralization that was needed to prevent early protocol ossification as seen with Bitcoin. Making sure there is not 1 team in charge of writing the actual lines of code, but multiple, all in conversation with each other. Instead of getting stuck in cult like echo chambers where you were perma banned for arguing to raise the blocksize limit.

And truly, if you do know of a project that can pretend to compete in terms of decentralization with Bitcoin & Ethereum, let me know, I'd like to get in early. Show me my blind spots. I love to be wrong.

Where else is a blockchain as decentralized?

let me know in the comments :)