Arca

Arca's Jeff Dorman calls Vitalik Buterin's ETH store-of-value case misguided

Arca◼ chief investment officer Jeff Dorman said on Unchained that Vitalik Buterin's November 8 X thread, which argued ETH is better as a store of value than as a fee-burning token, is misguided. Dorman estimated Ethereum◆'s recent revenue at about $6 million over 30 days and said roughly $200 billion of ETH's valuation is social value, while suggesting Ethereum could tax the apps built on it.