You don't need to read for long to feel bullish about the new EF mandate.
Literally in the first page EF frames $ETH as self-sovereign "store of value and money" in an environment where "oneās money arbitrarily inflated away, frozen or simply expropriated are so high."
That's Bitcoin's territory. It's the opposite to their previous infinite garden slop.
Moneyness is the highest status an L1 token can reach. Only BTC has any claim to it today.
No other L1 besides ETH has a chance at it right now. Because if L1 teams decided to 'retire', their chains would die. Ethereum is still at risk of it today.
That's why their "walkaway test" with a "thousand-year horizon" is strong goal: EF wants Ethereum to keep running if the Foundation disappears. Same as BTC.. or gold.
I feel like I'm opening a Pandora box once again comparing BTC vs ETH when it comes to money, but if they achieve their CROPS framework goals, ETH would be da best money.
The second weakest point is their claims on privacy.
both BTC and ETH are open by design. Ray Dalio even said that central banks won't buy BTC because BTC lacks privacy and it won't be fixed, ever.
Ethereum's isn't any different today. But it can, and will change.
Privacy is also a key selling point for multiple new corpo-slop L1s and I'd love ETH to kick their asses.
Overall, ETH doesn't need to compete with other chains by fees spent, transaction speed etc. Other chains will win against Ethereum in this competition.
But other L1s can't compete with ETH when it comes to Censorship resistance, security, and moneyness factor. Add privacy and we have a jackpot.
This is the highest upside game IMHO.
