Nick Szabo, a renowned cryptographer and potential Satoshi Nakamoto candidate, has criticized the disconnect between Ethereum's utility and its market valuation. Szabo argues that unlike Bitcoin, whose price is closely tied to its role as a store of value, Ethereum's main applications, such as smart contracts and DeFi, do not directly influence the price of ETH. This critique was in response to Ryan Watkins of Syncracy Capital, who highlighted the lack of consensus on Ethereum's 'correct' price.
Nick Szabo Criticizes Ethereum's Valuation Disconnect
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