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r/BitcoinSee Post

How to Get into GPU Mining Bitcoin

r/CryptoCurrencySee Post

What is staking, the system that will make us forget about cryptocurrency mining?

r/CryptoCurrencySee Post

What is Scala (XLA)?

r/BitcoinSee Post

bitcoin

r/CryptoCurrencySee Post

Is this a good mining rig for future 2-3years?

r/BitcoinSee Post

Dear Crypto Russians

r/BitcoinSee Post

Dear Crypto Russians

r/CryptoCurrencySee Post

Mining pool

r/CryptoCurrencySee Post

Apple, Microsoft and AMD has beaten earnings and why you should be concern because it could potentially drag the market up along with crypto.

r/CryptoCurrencySee Post

How to use Crypto coin and make profit 2022

r/CryptoCurrenciesSee Post

Crypto Fall Results In NVIDIA GeForce & AMD Radeon Graphics Card Prices To See A Slight Drop, Availability Better Than Last Year

r/CryptoCurrencySee Post

Crypto Fall Results In NVIDIA GeForce & AMD Radeon Graphics Card Prices To See A Slight Drop, Availability Better Than Last Year

r/CryptoCurrencySee Post

I don't think we talk about graphics cards and the companies who make them enough.

r/CryptoCurrencySee Post

Blockchain, cryptocurrencies, and mining

r/CryptoCurrencySee Post

AMD BC-160 (6X Rig) Mining ETH, RVN, Ergo, and Flux

r/BitcoinSee Post

can I make 5$ dollars a day mining bitcoin?

r/CryptoCurrencySee Post

can I make 5$ dollars a day mining crypto?

r/CryptoCurrencySee Post

Need. Help!!! No##. 3080 GPUS support on TUF GAMING B450-PLUS II with AMD Athlon 3000G

r/BitcoinSee Post

Can I use may laptop to mine Btc?

r/CryptoCurrencySee Post

Why ETH miners will have little choice cnce Ethereum 2.0 launches with PoS

r/CryptoCurrencySee Post

Mining for dummies (I'm the dummy)

r/CryptoCurrencySee Post

Hacker Targets Java Exploit at HP's AMD EPYC CPU Powered Servers For Raptoreum Crypto Mining, Mines Over $100,000 US In 8 Days

r/CryptoCurrencySee Post

What would banning PoW mean for crypto and world as a whole?

r/CryptoCurrencySee Post

AMD’s new GPUs could be beneficial to gamers and cryptocurrency miners alike.

r/CryptoCurrencySee Post

Mining without OpenCL on Linux

r/CryptoCurrencySee Post

Looking to start mining now that the weather is getting cold, but I would like to know if there's any good place to have a service to help keep track of it.

r/CryptoCurrencySee Post

Alleged NVIDIA GeForce RTX 4090 Ti & AMD Radeon RX 7000 Equipped Mining Farm Spotted, Over 3 TH/s Effective Hash Rate By Hassan Mujtaba / Dec 12, 2021 23:15 EST

r/CryptoCurrencySee Post

REPOST: This sub is delusional

r/CryptoCurrencySee Post

This sub has too much delusion

r/CryptoCurrencySee Post

Whats a good crypto trading site for your desktop, as of right now I use Kraken, is this a good interface too use?

r/CryptoCurrencySee Post

Participate in projects having idle computing power sitting around

r/CryptoCurrencySee Post

I’m sorry but getting into mining isn’t worth it, here’s some math.

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FREE BITCOIN ON COINBASE!

r/CryptoCurrencySee Post

After mining on a laptop I'm building my first rig. Which GPU should I chose ?

r/CryptoCurrencySee Post

PoS Sucks! Doesn't it?

r/CryptoCurrencySee Post

Asking Reddit for some advice on getting started with mining

r/CryptoCurrencySee Post

1st Crypto Mining Rig/ Questions on Profits / Suggestions

r/CryptoCurrencySee Post

Almost all last generation AMD and NVIDIA graphics cards now cost twice the recommended price

r/CryptoCurrencySee Post

The Future Of GPU Mining

r/CryptoCurrencySee Post

AMD Processors Might Be Next On Cryptominers’ Crosshairs

r/CryptoCurrencySee Post

Two Different RTX GPU's in the Same Mining Machine

r/CryptoCurrencySee Post

How to make $100 a month with your CPU! (Raptoreum Mining)

r/CryptoCurrencySee Post

Intel Core i5-12600K Monero Mining Hashrate Revealed, AMD Ryzen 5 5600X’s Still Ahead

r/CryptoCurrencySee Post

African Crypto Insight

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Raptoreum crypto CPU mining: loves AMD Ryzen 9 CPUs and large L3 cache

r/CryptoCurrencySee Post

AMD bullish on Metaverse adoption. Computing "megacycle" that shows no signs of slowing down.

r/BitcoinSee Post

The Invesco CoinShares Global Blockchain ETF is a bad joke

r/CryptoCurrencySee Post

Ethereum problem

r/CryptoCurrencySee Post

Mining the future

r/CryptoCurrencySee Post

Crypto Mining Advice?

r/CryptoMoonShotsSee Post

🚀 RiseSafeMoon 🚀 | Just Launched | Low Mcap Gem 💎| Dev Doxxed | Next x100 potantial | Influencer Proposals

r/BitcoinSee Post

May have found an old wallet from 2013 - need help - reward offered.

r/CryptoCurrencySee Post

May have found an old wallet from 2013 - need help - reward offered.

r/CryptoCurrencySee Post

I May have found old bitcoin wallet from 2013 - need help - reward offered

r/CryptoCurrencySee Post

Suggestions for upgrading FIAT mining rig?

r/CryptoCurrencySee Post

How I Earn Crypto in Crypto - A Journey (Long)

r/CryptoCurrencySee Post

Changing from Nvidea to AMD

r/CryptoCurrencySee Post

Efficient Mining on a Cheap Laptop? AMD Radeon R7

r/CryptoMoonShotsSee Post

Reaper Rewards presale today 6pm est 10pm utc! Full audit already done! Latest BSC gem! Youndont want to miss this!

r/CryptoCurrencySee Post

29% off ASUS ROG Strix LC AMD Radeon RX 6900 XT, should I buy this one for mining?

r/CryptoCurrenciesSee Post

Intel Confirms Crypto Mining WILL be Possible In New "Arc" GPUs - Designed To Compete With NVIDIA and AMD...

r/CryptoMarketsSee Post

Intel Confirms Crypto Mining WILL be Possible In New "Arc" GPUs - Designed To Compete With NVIDIA and AMD...

r/CryptoCurrencySee Post

Intel Confirms Crypto Mining WILL be Possible In New "Arc" GPUs - Designed To Compete With NVIDIA and AMD...

r/CryptoCurrencySee Post

Looking for advice between these 2 used miners. It seems like an easy decision but maybe I am missing something.

r/CryptoCurrencySee Post

Harmony One the best design and tech in crypto that few talk about. Don't buy it today

r/CryptoMoonShotsSee Post

Whitelist presale is now live! Are you ready to reap the Rewards?

r/BitcoinSee Post

SAPPHIRE Nitro+ AMD RX 6700 XT 12GB

r/CryptoCurrencySee Post

AMD CEO: Crypto Miners 'Not a Large Piece of Our Business'

r/CryptoCurrencySee Post

China’s Ban on Cryptomining Could Help Lower Nvidia and AMD Prices and you finally could get that graphic card you want.

r/CryptoCurrencySee Post

My depressing month in XMR mining

r/CryptoCurrencySee Post

AMD Not Prioritize Mining Cards Over Gaming GPUs, Says CFO

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Mining VertCoin (VTC) With VertHash on AMD Radeon 4GB GPUs

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AMD Not Prioritizing Mining Cards Over Gaming GPUs, Says CFO

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Can you mine anything with this?

r/CryptoCurrencySee Post

Tezos Accelerates In China And Asia Through Candaq and TZ APAC

r/BitcoinSee Post

Hello, I'm an IPFs storage provider from China Star Alliance

r/CryptoCurrencySee Post

Mining monero: Ryzen 9 faster than Threadripper pro?

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WHEN ALL THE ASSET-LESS FAIL TO BE WITHIN AND ABOVE TREATY RIGHT. UNJUSTIFIED LIBEL TAXATION ON HOLDER-SHIP CANNOT BE FOUND IN BLOCK AMD CHAIN YET UNIQUE USER ID , I AM WITH OWNERSHIP; A NEW MEAN$: W/O TREATY RIGHT TO PRINT AND COIN … what have art thou ? https://www.xusdblockchain.com/

r/CryptoCurrencySee Post

Despite what a lot of people believe, mining can be quite profitable if you have a good gaming pc. Here's how you can start.

r/CryptoCurrencySee Post

How to invest in crypto by investing in the stock market.

r/CryptoCurrencySee Post

A Compact Research Report on Ultra — UOS

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A Compact Research Report on Ultra — UOS

r/CryptoCurrencySee Post

Help needed for beginner mining rig. (1x 3070, 2x 6600XT) One 6600 has slow hashrate maybe because i plugged the 2 AMD Cards via one PCIE Cable to the PSU? Thanks!

r/CryptoCurrencySee Post

In case you didn't know, AMD has a videogame store where ownership is recorded on the blockchain and games can be resold. You can also use your idle PC to mine, and get rewarded in their own token which you can use to buy games

r/CryptoCurrencySee Post

AMD Cryptocurrency Mining Graphics Card Featuring RDNA 2 Navi GPUs Spotted in Vietnam

r/CryptoMarketsSee Post

Interview with the Head of Blockchain tech at AMD about FPGAs, the future of blockchain, and Ultra

r/CryptoCurrencySee Post

Interview with the Head of Blockchain tech at AMD about FPGAs, the future of blockchain, and Ultra

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We have a breakthrough in blockchain security and easy onboarding

r/CryptoCurrencySee Post

Ultra Chill - Official Podcast

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Best PC parts to get up to 1000 dollars for mining?

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Best PC up to 1000 dollars to use for mining?

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The AMD Radeon RX 6600 XT is an Ethereum miner's dream with 32 MH/s at 55 W

r/BitcoinSee Post

I ordered a new Pc for mining

r/CryptoCurrencySee Post

Diversification

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AMD Radeon RX 6600XT Reportedly very Efficient At Ethereum Mining Its efficiency has put the card in the crosshairs of GPU miners.

r/CryptoCurrencySee Post

I need a miner that uses OpenGL. (NOT CUDA)

r/CryptoCurrencySee Post

Mining crypto today - is it worth it?

r/CryptoCurrencySee Post

Should I do GPU Mining or CPU mining? Also, which coins are good right now to start mining on a normal PC?

r/CryptoCurrencySee Post

How switching to a gaming PC introduced me to crypto...and you all

r/CryptoCurrencySee Post

can I get uhhhhhhhhhh 0.35 Bitcoin cash For Gaming

Mentions

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Ironically It turned out to be a dead cat bounce at the time. I think prices dropped about a month after that email. But at the end of the day prices can go either way. I always covered my electric costs +10% so my buy in price was never at a loss as such. I mined on a Quad core water cooled, 4GB RAM, 2 X AMD 5870s rig from very early on so I saw the huge gains from the first bull run and took profit during that spike. So buying dips was never really an issue as such. But as we now know The dead cat did come back as robocat 3000 with rocket boosters so it ended well.

Mentions:#RAM#AMD

Bear markets are when we invest in fundamentally strong projects with real use cases. You can't say that buying Intel, AMD, Nvidia, Apple stocks are a bad deal - they are companies that are always innovating and creating new products. Fetch is one of the very few crypto projects with the same characteristics. Of course this is NFA but it's better to buy it than buying Shib ou Doge

Mentions:#AMD#NFA

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Yeah, but it wasn't miners being the main issue. Gamers just don't understand even when AMD and Nvidia didn't blame miners.

Mentions:#AMD

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Sorry I can't come down to get on your IQ level lol. Hypothetical scenario for ya. Go up to 100 people that have 401k portfolios. Tell them to: 1) add the company AMD to their portfolio in the amount of $5,000 because it's a great computer company with good GPU products coming out in the next 5 years and this is the time to buy 2) add $5,000 a Bitcoin to your portfolio, because it's a decentralized currency that is deflationary and will provide you insurance against inflation and is controlled by the people and cannot be manipulated by the government printing money Out of those 100 people hypothetically speaking do you think it's easier to convince them to becoming an investor and agree to option 1 or do you think it's easier to convince them of option 2? All I'm saying is to most people it would be easier to convince of option 1. That's it and you're reading too much into it otherwise and seemingly taking offense for some reason. Sorry if I have offended you

Mentions:#AMD

I didn't enjoy writing it. The problem with those ridiculous copy pastes is that they're intended to be large/much and shut people up. Add reasonable time pressure and the fact that you can't really get into each point with fair effort makes them an intentional killer. I was literally in bed checking reddit and trying to produce a reply of some value while I should've been asleep at the time. Each one of his points really deserves proper context for comparison, talking about design and implementation choices and what that even means in software. For example both Intel and AMD have been working on somewhat of a standard that we'd call x86 but boy oh boy is there a whole lot more to say about the differences. How about compilers themselves? His stance is that AMD is useless because Intel provides/supports x86 and that's disturbing to someone who is very much into the tech. Good luck explaining it to the masses in short time. To this day people barely know/understand. As far as my opinion on democracy goes efficiency is not the issue to me. That's actually solved with tech. An issue I have with democracy is the fact that not everyone votes and that not everyones vote is actually valuable in the sense that they're not necessarily making objectively good choices for the better of all. The idea that the 'average is the best and fairest' is what rubs me wrong. Mainstream crypto, the market, the largest part of the crypto space, has turned into another great example of nepotism, elitism, populism, propaganda, and spindoctors that cloud and mislead the majority and their vote because the majority is terribly uninformed. Like a butcher trying to judge the baker. Or the butcher and the baker judging cutting edge software engineers.

Mentions:#AMD

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Please don’t. If it makes you feel better I had AMD stock at 6 dollars. I sold it for a 300 dollar profit. That same bad (roughly 3k) would be worth over 5M today. The pain of knowing that is heavier than any loss I’ve ever taken. Sometimes it helps to know someone else had a similar experience or feels the same way.

Mentions:#AMD

I owned AMD at 2$ to 3$ and sold because I made some pennies. It’s currently crashed to around 95$. If I had just kept this one investment I’d be rich and made up for all other mistakes in all of my investments ever.

Mentions:#AMD

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Nah NDVIA and AMD are good.

Mentions:#AMD

Just bought 50% stocks 50% crypto stocks going through at 2:30 today (TSLA, AMD, MSFT, SQ, AAPL) Crypto (BTC 80%, ETH 20%) Don’t be an idiot waiting for the bottom you’ll never get it right

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Honestly he is kind of right and this is why the mentallity is so fragile here. My brother for example LOVED AMD. Only because he was a graphics card fanboy for them and for some reason thought Lisa sue was cool when she took over. He bought in at 2$. Now hes rich. He chose AMD because he liked the company and their future, and invested heavily because he wanted to be rich in the future. AMD fell by 50% multiple times on the way up, every time he invested more because he just liked them.

Mentions:#AMD

THis has nothing to do with a coordinated attack. You conspiracy nuts are hilarious. The Stock market, also down. USD index against other currencies UP. (I thought inflation was gonna destroy the dollar and china russia depegging from petro dolalr was gonna kill the dollar. duh duh deerrrp.) so how the hell is all these events a "coordinated" attack???? The REAL REASON things are down and Dollar is up is because the USA federal govt taxed 1 trillion dollars out of the economy the first quarter in order to fight inflation. USA federal govt also ran a surplus for the last month and starting this month as well. Higher interest rates also caused conservative investors to sell stocks and go into higher yielding USA Treasuries (the safest investment). When the federal govt start running deficits again later this month, things will go back to normal. Stock market rally by end of this month. I'm buying Nvidia, AMD, Intel, Apple, among other alt coins.

Mentions:#AMD

every paycheck i invest 50% on AMD stocks, and Nasdasq 100 and the other 50% i use to buy ADA, BTC or ETH

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

I’ll buy stuff that I actively use. Whatever chain you use and see developers, utility etc. use it , stake it, provide liquidity, swap, arbitrage It’s the same strategy I use when investing in stocks Microsoft, Apple, google, Amazon , Nvidia, AMD . Been in these a long and it’s bloody now but I’m still in the green because they all provide good products.

Mentions:#AMD

My crypto and tech stocks are down, but my Kraft-Heinz and other food stocks are way up. Balance your portfolio. Lol. Investing in AMD for instance is almost directly pegged to BTC, so that's not diversity.

Mentions:#AMD#BTC

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

And AMD or Nvidia would have even higher correlation

Mentions:#AMD

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Crypto, Stocks, all requires long term thinking. People doubt everything. I doubted my boy when AMD was $3/share. People doubted me when GOOGL was $800/share. Everyone will always doubt. Just have high enough conviction in your positions

Mentions:#AMD#GOOGL

I hedged my investment in AMD with even bigger stake in NVDA. same difference.

Mentions:#AMD#NVDA

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Post is by: JuliaAthena578 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/ujsuux/what_is_staking_the_system_that_will_make_us/ It is expected that in a few months 'Ethereum 2.0', the new version of this cryptocurrency, will definitely arrive, and it will do so with radical changes. Those changes will probably make us start talking much less about 'mining' and much more about 'staking', a reward system that is a kind of 2.0 version of our old current accounts. Platforms like PancakeSwap, 1inch, EliteCoin and among others, push staking and launchpads. Opting to improve the reward system as mentioned above, as this is also an emerging solution to the natural mining issue. Large mining farms have been created that consume lots and lots of energy and are based on specialized computers (ASIcs) in the case of bitcoin or graphics cards (GPUs) in the case of Ethereum. The latter has caused for example that the options to get the latest versions of NVIDIA or AMD has been almost impossible. What is 'staking'. With this system, transactions are no longer validated by solving those complex mathematical puzzles. Instead, users validate transactions according to the number of cryptocurrencies they have in the system, based on their stake. To conclude, the era of 'Proof-of-Stake' is approaching. Some cryptocurrencies have already moved to another mechanism where rewards are based on something else. Users are no longer rewarded for their work, but for the cryptocurrencies they have 'tied up' to support that ecosystem. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

Mentions:#GP#AMD

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Can buy direct from AMD same price

Mentions:#AMD

That kind of mentality will get you burned, if all you can see is short term and change your mind because of returns, you are not really investing I am holding AMD for years now, i never cared when my stock was outperformed because i believe in what i am investing Same about BTC, ETH, ADA AVAX, MATIC and ALGO your investments are good or they are not

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold narrative of Bitcoin is easy to grok - it's scarce like gold, gold is valuable, BTC is valuable > > - The value proposition for Ethereum is a bit harder to wrap one's head around. It has often been described as a 'world computer' given [the tagline](https://ethereum.org/en/whitepaper/) of a "[smart contract](https://academy.binance.com/en/articles/what-are-smart-contracts) and [decentralized application](https://academy.binance.com/en/glossary/decentralized-application) platform" > > - But as [narratives shift](https://miro.medium.com/1*ZpdeufZXonF4IXP3NI9ssg.png), it may make more sense to now consider Ethereum as a *world economy* vs. a world computer - an economy with ETH as its native currency. > > - [JP Morgan recently described ETH as "the backbone of the crypto-native economy"](https://twitter.com/santiagoroel/status/1387417522777956354/photo/1) > > > - Ethereum has also been described as the "[foundation for building an alternative Internet-based financial system](https://newsletter.thedefiant.io/p/ether-is-the-best-model-for-money)" > > - In 2020, [Ethereum processed $874 billion worth of dollar payments](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy), rivaling major consumer-facing systems like Zelle ($307 billion) and Paypal ($963 billion). In [Q1 2021 Ethereum settled $1.5 trillion in transactions](https://twitter.com/RyanWatkins_/status/1384676842045681664). > > - The gravitational pull of this 'Ethereum economy' is now attracting traditional/legacy financial actors: > > - [Visa rolls out settlement in USDC via the Ethereum blockchain](https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html) > > - [The European Investment Bank issues a digital bond on the Ethereum blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain) > > - [DBS, J.P. Morgan and Temasek establish a platform to transform interbank value movements](https://www.jpmorgan.com/news/dbs-jpmorgan-and-temasek-to-establish-platform) > > #**Ethereum as the Internet of Value** > > - Well it's great that the Ethereum blockchain is processing transactions and moving value around, but why would that make ETH itself attractive or valuable? Isn't that what the existing financial system does already? > > - As a programmable blockchain, "[Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you](https://ethereum.org/en/what-is-ethereum/)" > > - If we think about the Internet, it relies on [different layers and protocols to function](https://cdn.substack.com/image/fetch/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fceb85f7f-b5ed-4b6f-a0ee-5fb62b536c6d_2304x1288.png). However - for the end user - the *application layer* is the most meaningful for adding value to our day to day lives. > > - [In a similar fashion](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc1e44105-0aec-403a-b88f-ed0fae50b0a7_1910x1284.png), the ecosystem of [dApps](https://ethereum.org/en/dapps/), [DeFi protocols](https://defipulse.com/), [DAOs](https://open-orgs.info/), and [NFTs](https://dappradar.com/nft/marketplaces) that are [underpinned by Ethereum](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9ccd86ce-9180-4cf7-ab25-566147eb34bb_1250x856.png) hold tremendous value. > > - To take one example, [DeFi](https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi) seeks to increase "[the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)". The value of these new and exciting services are clear, with [over $100B locked](https://defipulse.com/) at the time of writing and increasing rapidly. > > - Another crucial aspect of Ethereum as an 'Internet of Value' is the blockchain's usage as a settlement layer for *other* assets besides ETH > > - “Tokenization” and the [ERC20 standard](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) lets anyone create an asset with digital scarcity. > > - The absolute number of tokens built on Ethereum and their combined marketcap [far outpace any other blockchain](https://files.stlouisfed.org/files/htdocs/publications/images/uploads/2021/Sch21Q2Table1_20210205034434.jpg). The total market cap of the biggest ERC-20 tokens issued on top of the Ethereum blockchain rose [to more than $250 billion in March 2021](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - As of February 2021, the total value of [stablecoins](https://ethereum.org/en/stablecoins/) on the Ethereum blockchain [surpassed $30 billion](https://www.coinbase.com/learn/market-updates/deep-dive-ethereum-economy) > > - Even other assets like BTC can be deployed on Ethereum - currently [$11.9B worth of BTC 'lives' on Ethereum > ](https://btconethereum.com/) > > #**Enterprise adoption** > > - Given it's functionality as a programmable blockchain, it's no surprise that there's substantial corporate interest from organizations looking to build on Ethereum. > > - For example, companies that have joined the [Ethereum Enterprise Alliance](https://entethalliance.org/) include: AMD, NY Mellon, Santander, Dell, Ernst & Young, Fedex, Intel, JP Morgan Chase Bank, Microsoft, Pacific Gas & Electric, and SAP. > > - [Microsoft won a Gartner Supply Chain Breakthrough of the Year award in 2021 for their e2e item traceability solution built on Ethereum](https://www.gartner.com/en/newsroom/press-releases/2021-03-18-gartner-announces-supply-chain-winners-of-the-2021-power-of-the-profession-award) > > - [JP Morgan is experimenting with blockchain payments in space](https://www.jpmorgan.com/onyx/payments-in-space.htm) > > - [EY's Baseline protocol uses the Ethereum mainnet to automate business processes](https://docs.baseline-protocol.org/) across companies with private ledgers and databases > > > - Meanwhile the city of [Miami is exploring ways to utilize Ethereum to optimize city services](https://www.theblockcrypto.com/post/100647/miami-ethereum-city-services-blockchain) > > - Even [Reddit partnered with the Ethereum Foundation](https://www.np.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/) to develop [community points](https://www.kraken.com/en-us/learn/what-is-reddit-moon) (like those [moons we know and love](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki)) ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz43zr/rcc_cointest_top_10_ethereum_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Copying from my [previous entry](https://np.reddit.com/r/CryptoCurrency/comments/og1is6/rcryptocurrency_cointest_top_10_category_ethereum/h4j6uap/). Per the [Cointest rules](https://old.reddit.com/r/CryptoCurrency/wiki/cointest_policy#wiki_rules), this is my third and last time presenting the argument. > > *Disclosure - I currently hold a position in ETH, ~53% of my current portfolio value* > > #`Part 1/2` > > #**What is Ethereum even** > > - The digital gold n