Some people like to compare Ethereum to the currency of the future Internet and encourage you to buy Ethereum. This is a statement that reflects a lack of understanding and flawed logic.

As we all know, the current currency, fiat money, has depreciating purchasing power concerning wealth.

The idea of comparing Ethereum to Internet currency and believing it will rise is purely illogical. In reality, inflation is also a problem that Ethereum needs to address. Under the POS (Proof of Stake) system, inflation is necessary but lacks a conversion medium, making it difficult for ordinary people to accept: ordinary people already face the issue of inflation as a hidden form of plunder with fiat currency, and you are making it clear on the surface. Aside from hardworking citizens, most ordinary people in many countries find it hard to save, and earning interest on savings means little to them. It's not a good story or analogy.

The real narrative is the large-scale on-chain of real-world assets, and the best platform for this is Ethereum. However, large-scale on-chain requires pushing up ETH prices to improve the security of the chain. If the on-chain assets correspond to trillions in real-world value, while Ethereum has a market cap of hundreds of billions, then if half (or even less) of Ethereum's hundreds of billions market cap can control trillions in assets, isn’t that funny?

The essence of current currency is state credit, and state credit fundamentally requires a big stick to maintain it. Ethereum lacks this and can only rely on the 'trustless' security of the chain. You might say we can add a centralized regulatory layer? What Wall Street wants to do is just that. This regulatory layer is currently represented by the Ethereum Foundation, led by small V. The DAO incident is an example.

The DAO incident is, in fact, a blemish on Ethereum. No one wants their billions in assets controlled by a few individuals at the Ethereum Foundation making decisions on a whim. This is also the reason they have been frequently attacked for their character issues recently.