Sharplink CEO: The future of the Ether House is on

Author:Joseph Chalom

Other Organiser

THE CURRENT FARCE SURROUNDING THE ETHERWOOD FOUNDATION, AS WELL AS THE DISPUTE OVER THE PRICE OF ETH, DID NOT SEE THE REAL PICTURE. I FULLY UNDERSTAND THIS CONTROVERSY, BUT IT DECIDED WHO WOULD LEAD THE FINANCIAL INFRASTRUCTURE FOR THE NEXT DECADE。

This is only the view of a stakeholder. Before leading Sharplink, I had been in charge of financial science and technology operations and digital asset strategies in Beled for 20 years。

These experiences make me understand what institutions really value before they invest in a new infrastructure。

I would like to take a step back, avoid the noise and give a different judgement on the status and future of the Ethera。

The Etherwood Foundation is doing its job

Take a step back from the results delivered over the past decade. The ETA has been qualified for victory in the introduction of the three most important attributes of the institution — trust, security and mobility. It is winning, and it has great advantages。

Look at the report card. Most of the global stable currency value settlement takes place in the Ether House. Its tokenization of real world assets (RWA) is much larger than any other block chain and a default for high-value DeFi transactions。

None of these dimensions is comparable to it。

This was not a coincidence, but the result of years of rigorous development agreements with the Taifung Foundation. It is the only block chain at the bottom with a 10-year record of major upgrades。

The Merge, EIP-1559, Dencun, Pectra, Fusaka. The impending upgrading of Glamsterdam will bring a step-by-step expansion, and the Foundation is also leading the path to quantum resistance. This is the most ambitious technology road map in the industry。

Centralization is an advantage, not a flaw

Some of the most critical criticisms of the Foundation refer to de-centreization as a weakness. That is precisely the reverse of the logic of the institution. The largest number of developers in all chains are located in the ETA, the vast majority of whom do not work within the Foundation。

No foundation should control a chain. Agencies do not abandon existing systems in order to lock themselves into another proprietary system。

They need to be confident that the bottom attributes on which they rely will not be changed at will by the few in control. In fact, no chain should rely on any single participant。

The reliable neutrality and decentrization of the Taifeng is precisely why it can become a future financial settlement. These are by no means shortcomings。

If I choose between two foundations: one focused on safety, privacy, quantum resistance and core agreements, and the other only for short-term marketing, I always choose the former。

ETH VALUE COMPARED TO AMAZON

History is replete with examples of fundamental innovation being rejected by the losers, the wind being taken away by the more fashionable and the last being beaten in the face. Amazon is the clearest case。

Early on, there was a market consensus on the Amazon: an online bookseller, backed by an Internet bubble and at a loss. Losers stare at the profit and loss statements without seeing Bessos' long-term ambitions。

What he wants to build is a completely new online commercial market structure. Its potential market is not for book sales, but for the retail economy as a whole, which later spread to cloud computing and the media. Those analysts who focused only on short-term prices missed greater opportunities。

TODAY'S ETHER AND ETH ARE IN THE SAME POSITION. ITS POTENTIAL MARKET IS NOT AN ENCRYPTED TRANSACTION, BUT AN ENTIRE GLOBAL FINANCIAL SYSTEM. ETH'S INTRINSIC VALUE IS CLOSELY TIED TO NETWORK EXPANSION。

The network is at the threshold of a leap in trade volume growth, encompassing stable currencies, monetizing real world assets, DeFi, and the emerging financial wave of smarts。

TO PROVIDE SECURITY FOR SUCH A LARGE VOLUME OF TRANSACTIONS, ETH WILL BECOME AN INCENTIVE FOR DEMAND TO BECOME THE ULTIMATE VEHICLE OF TRUST, AND ITS CURRENCY PREMIUM WILL RISE。

NO ETH THERE'S NO ETHER. ASSETS AND NETWORKS ARE INDIVISIBLE。

People fear my greed

In almost every market cycle, the moment when the family is cut off and the mood falls to the ice point is the opportunity for disciplined capital to enter。

BUFFET BUILT BIRKHEL BY BUYING HIGH-QUALITY ASSETS AT THE BOTTOM OF THE MARKET: FROM GEICO IN THE 1970S TO US BANKS AND GOLDMAN SACHS DURING THE 2008 FINANCIAL CRISIS。

For most of the past year, the Fear and Greed Index has shown that markets are extremely afraid. The smartest investors buy high-quality assets when they fear the most. They go against the cycle, not with it。

IN THE COLD, ENCRYPTED WINTER AFTER FTX, MOST AGENCIES CHOSE TO AVOID THE OPENINGS OF BITCOIN AND ETH OR TO SET ASIDE THE DISTRIBUTION OF THEIR PRODUCTS. AND WHEN I WAS IN BELAID, WE WENT THE OTHER WAY。

We have redoubled our investment in infrastructure, built ecological cooperation and launched products linking traditional finance to encryption. Buffet and Belet, we should all learn。

Make a new voice for the Taifeng

It is doing its job well. From now on, it will focus more onCROPS— Core attributes of resistance, resistance to capture, open sources, privacy, safety。

For most people, the problem is clear: there is a gap in market leadership for the promotion of this ring at a time when institutions are eager to embrace it。

I have a strong feeling that ecological stakeholders and participants need to play a more important role in the narrative and institutional adoption of the ETA。

Since last summer, Digital Asset Treasury and the Core Etherwood Manager have played an important role in this matter。

These include ecological participants such as Sharplink, Tom Lee from Bitmine, Joe Lubin from Connsys, Ethealize, Nethermind, Aave, Morpho and EEA. We are also working closely with the small team that was introduced in that focused institution within the Foundation。

Sharplink himself is investing in the ecology. We were the first companies to pledge billions of dollars to ETH, and put hundreds of millions of dollars into quality DeFi agreements; and recently, a $125 million DeFi proceeds fund was set up with Galaxy Digital to support existing and emerging agreements。

Even so, we can do more, and we will certainly do more: become an avowed champion of the ETA and actively support the adoption of super-cyclical institutions in the coming years。

The future of the Ether House is now on the stage。