Ethereum Has A Fundamental Problem, Warns Cyberphunk Nick Szabo
Legendary cyberphunk Nick Szabo and Ryan Watkins, co-founder of Syncracy Capital, laid out opposing frameworks for understanding Ethereum’s rally and its valuation mechanics in a pair of X posts — and collectively they learn like a point-counterpoint on what really drives Layer-1 costs. Ethereum Price Has Nothing to Do With Utility Szabo’s core claim is…
