I hadn't been on a Twitter/X space in years, but I decided to jump in one today on whim because it was named "Based SZN".

It was a small space, but if the mindset of the people there are represented of greater Ethereum communities, then it's bearish as FUCK.

The level of disconnection from reality was laughable.

Some key points I tried making:
-Credit Systems, which are  necessary for CCs, are very HARD to create and it will take several years, if not decades, to duplicate them in DeFi. That's part of the reason why CC companies have managed to build monopolies and enjoy such high margins.
-Memecoins, degen shit, and cool social apps are not going to move Ethereum's number up higher from where it current stands at FOUR HUNDRED BILLION DOLLARS market cap.
-MONETATARY PREMIUM is the holy grail of crypto. Your execution "whatever app" is not going to drive ETH past beyond $400B without monetary premium. That's why Bitcoin is STILL number one by far with ZERO "cool shit" to do on it.
-TradFi on DeFi rails (like Coinbase's L2 and regulated stablecoins) are going to reign supreme in terms of real world adoption for the next few years, and that's why Ethereum will dominate in areas that will drive number go up from $400B.
-Immutability and irreversible transactions are great in some ways, but are a MAJOR problem in other ways, especially for large and institutional investors.
-The reason why Coinbase has been accused of being shitty has a lot more to do with the fact that onchain transactions are incredibly risky, and Coinbase rather have users have "shitty support/UX" than have their funds irreversibly compromised. 

I'm seriously flabbergasted by the stupidity displayed by the arguments and pushback on that space. 

Thankfully Ethereum is still evolving in the right direction which will allow it to accrue monetary premium and function as a foundational infrastructure for financial, social, entertainment, and AI going forward.