You can't have a "treasury company" based on a proof of stake coin who's value is determined on revenue, with the underlying token unlimited in supply - that should be obvious. You learned your lesson with Trump coin, and you are learning it very publicly and in real time with Eth. So, these little Eth (and Sol or whatever) "treasury companies, are really just a gimmick, playing off the naivety and stupidity of "investors" looking for a "better than BTC" short-cut, in an attempt to outperform BTC, so that they can later buy more BTC than they had just bought BTC all along. Meanwhile the founders of such scams are using any funds to buy BTC as quickly as they can in their personal capacity. So, you should be able to see who the sucker is in these scenarios...
Also, you are confusing utility with the calculation of fundamental underlying value. We will see far more use and emergence of L2s that compete with ETH. Meanwhile, Eth has totally lost the "better that BTC at being BTC" narrative, so really in a tough spot. Eth's underlying value based on traditional metrics is around $500 per coin. So, this is where the market will gravitate to over time. Of course with bumps up and down along the way. (This may change if Eth utilization increases, but is very unlikely as we know transaction costs will ultimately always proceed to the most efficient protocol).
If you are really looking for an Eth killer, or the next "real Eth", look for a smart contract solution built on top of the BTC base layer. Here's a little tip for you on a venture I have invested in - and watch out for the ICO coming - I can't get you or anyone here a preferential allocation, but I can help point you in the right direction. You can thank me later...
https://botanixlabs.com/why-botanix
As for stablecoins, we all know this is the absolute perfect trojan horse for fiat to flow into BTC....
See you at 125K!
This is classic Bitcoin-maxi cope.
ETH’s value doesn’t need to be pegged to revenue or “traditional metrics” any more than BTC’s does—many of us see it as a store of value, backed by usage, security, and a burn mechanism that often makes it deflationary. The idea that founders of ETH-based projects are just dumping for BTC is pure conspiracy with zero evidence.
And the Botanix plug? You accuse others of chasing gimmicks, then pitch your own ICO built on top of a 10-minute blockchain with 5 TPS. Botanix is interesting tech, but it's still settling to Bitcoin’s painfully slow base layer. Meanwhile, Ethereum L2s like Arbitrum and Optimism are already live, fast, and collectively power over $145B in stablecoins—something Bitcoin can’t do and doesn’t do.
Including L2 stablecoins on Arbitrum pushes Ethereum’s total stablecoin share to around 60% of the global market—far above the ~32% held by Tron and smaller shares on Solana and others. Any analysis that ignores L2s seriously underestimates Ethereum’s dominance and utility.
Stablecoins are not a Trojan horse for Bitcoin—they're a Trojan horse for Ethereum and U.S. Treasury demand.
Bitcoin benefits only at the margins, while Ethereum does the real lifting by powering 60% of global stablecoin activity.
