Bankless · Monday, August 10, 2026
The discussion delved into the nature of Ethereum's future as a financial platform, with arguments that ETH will predominantly exist in derivative forms rather than as raw ETH. This perspective contrasts with a 'Bitcoin mindset' that prioritizes self-custody and appreciation of the base asset. Concerns were raised that a focus on raw ETH overlooks the essential development of financial derivatives and institutions needed for a sophisticated economy.
“If Ethereum becomes the platform for all the finance, all ETH is going to be in derivatives. Like that's just the reality of it.”
“This perspective that the only true ETH is like raw ETH that you hold in your EOA is, um, it's almost like it's based on this lack of belief that Ethereum truly can be the foundation for a proper economy, right?”
“So I think this, I don't know, this perspective that the only true ETH is like raw ETH that you hold in your EOA is, um, it's almost like it's based on this lack of belief that Ethereum truly can be the foundation for a proper economy, right?”