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ETH is the real China stock of crypto.
It's a fascinating paradox. Satoshi vanished, leaving Bitcoin to evolve naturally. Vitalik? He's still here, directing Ethereum's every move between L1 and L2, while insisting the EF and nodes are all equal. But the reality is different.
ETH gets hit from all sides. Like a Chinese stock caught in the US-China crossfire, it's forced to carry the weight. Vitalik, the EF, and Wanxiang are essentially a three-way DUMP & PUMP machine. It's even harder than it looks.
Don't dream of Tom Lee stepping in to save the foundation. He's already deep into AI. If you're still holding ETH, just keep grinding. You might end up sharing a prison cell with Bill Huang.
What shattered my last bit of illusion about Vitalik and the EF? When rsETH and Aave were actively fundraising to save themselves, the EF stubbornly announced they'd sell coins. They think selling OTC to Bitmine won't affect the market or compromise their neutrality. But that's just performative detachment.
If they were truly above it all, they'd let go completely. Disappear like a wandering guest. Not keep triggering market psychology with these constant, tone-deaf moves.
It's not noble. It's just a carefully curated kind of kitsch.
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