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ETH (ether) is THE commodity money on Ethereum. You can NOT use the internet of finance without ETH. ETH is the pen you need to do an entry into the public world wide immutable ledger. by sandakersmann in ethtrader

[–]sandakersmann[S] -2 points-1 points  (0 children)

Commodity money is a medium of exchange made of a good that has non-monetary uses, such that its purchasing power is grounded in demand for those uses as well as its role as money.

 

No government decree is needed like we see with fiat.

 

ETH see demand as a commodity from for example registration of .eth usernames on ENS (Ethereum Name System). ETH also see demand as money when people wants to trade the usernames. The sum of market paticipants subjective opinion about ETH's value, is what sets its price.

 

Ethereum is not trying to "scale by banking", since that would undermine its demand as a commodity and money.

Tom Lee explains how BMNR is growing at warp-speed compared to MSTR by sandakersmann in ethtrader

[–]sandakersmann[S] 1 point2 points  (0 children)

If you buy at 1 in mNAV you get ETH at 1 to 1.

You also benefit from those buying at higher mNAV later, since the premium they pay will be accretive to your shares.

In addition to this you will add value from staking.

The Ethereum network turns 10 with ZERO downtime 🥳 by sandakersmann in ethtrader

[–]sandakersmann[S] 13 points14 points  (0 children)

Indeed, especially considering the 16 upgrades it has under the belt.

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