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l'm struggling to see how ETH can survive the next few years. > Revenue has disappeared; looks like $ETH will be net inflationary forever > ETH can never be a store of value, because of the recurring issuance debate and in general because of Vitalik's constantly-changing, weirdly-ambitious upgrade plans. Too much uncertainty. $ZEC is a better bet for an SOV to compete with BTC than ETH is > L2s don't pay meaningful money to Ethereum. They are centralized chains which actually don't have censorship resistance and they only use Ethereum for distribution > Ethereum will gradually lose TVL to newer chains with more apps and more users. This is already happening and it will accelerate in the coming years Yes, Ethereum will always exist. It will be a digital sanctuary for cypherpunks. But most people are not cypherpunks. To me it looks like $ETH is in a terminal decline.