A Bankless co-founder argues Ethereum’s success hinges on ETH achieving global store-of-value status, sparking debate on value accrual.
Bankless co-founder Ryan Sean Adams stated Ethereum will be considered a failed project if ETH does not become a global store of value. He called it a “mental fallacy” to support Ethereum without backing ETH’s price appreciation.
The argument contrasts with co-founder David Hoffman’s view, who contends Ethereum’s design minimizes explicit value capture for ETH. Hoffman noted no clear mechanism links Ethereum’s growth to sustained ETH value accrual.
The debate highlights differing perspectives on Ethereum’s long-term economic model and ETH’s role in it.