Michael(@mostlyblocks):Concise argument worth reading. Particularly like the view of ETH as a commodity with functional utility. imv this utility is composed of: (1) Blockspace, which ETH buys. (2) Value, which ETH stores. High issuance for excess security is not conducive to either.

Michael

@mostlyblocks

Head of research @blockspace_eth | @blockspaceforum | fmr. head of research @ChorusOne | block building enthusiast

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Michael@mostlyblocks

2026.05.13 09:25

Concise argument worth reading. Particularly like the view of ETH as a commodity with functional utility. imv this utility is composed of: (1) Blockspace, which ETH buys. (2) Value, which ETH stores. High issuance for excess security is not conducive to either.