Ethereum Value Debate Grows as Former ETH Supporter Questions Thesis
Ethereum Ethereum Value Debate Grows as Former ETH Supporter Questions ThesisXaif Crypto shared criticism that Ethereums “ultrasound money” thesis has weakened.The argument says Layer 2 networks now capture much of the activity and fee value.BankXRP questioned why Ethereum avoided the same SEC pressure that Ripple faced. Ethereum is facing renewed debate after Xaif Crypto shared comments from a former ETH supporter who questioned the networks current value story. The criticism focused on whether ETH still captures value directly as activity moves from the Ethereum mainnet to Layer 2 networks. Meanwhile, XRP-focused accounts revived old concerns over Ethereums regulatory treatment. BankXRP argued that Ripple faced heavy SEC action while Ethereum avoided similar pressure, even after its early token sale and foundation-led development history. ETH Thesis Faces New Questions Xaif Crypto‘s highlights focused on Ethereum’s changing economic model. Maxi said the earlier “ultrasound money” thesis had once made ETH easy to understand. More Ethereum use meant more fees. More fees meant more ETH burned. Lower supply then supported the tokens long-term value story. That model became popular after Ethereum introduced fee burning. However, the current criticism is that Ethereums scaling path has shifted much of the activity to Layer 2 networks. As a result, users transact off-chain, while