Investing in Ethereum - The Daily Gwei #471
I’ve always found one of the best things about the Ethereum ecosystem to be that there are near-endless ways to get involved. Whether you’re a developer, a designer, a marketer, a lawyer or anything else - you’ll find a home somewhere in Ethereum. On top of this, and as superphiz notes below, there are also various ways to invest in Ethereum (outside of simply just buying ETH). If you still think "investing in Ethereum" means buying coins, then you're probably still trapped in the web2 world. Investing in Ethereum means decentralizing the protocol, rewarding contributors, creating a better future, and joining the community. It's free and rewarding. Obviously if you want to be a good steward of the protocol one of the best things you can do is run your own full node using your own hardware - this is one part of investing in the decentralization of Ethereum. Other parts can include getting involved with Ethereum core development, educating people about the benefits of decentralization, becoming a miner/validator on the network and more. On top of this, you could get involved with some of the projects building on Ethereum and help them to decentralize as well. “Joining the community” can be an ambiguous thing because there are just so many ways to do this. In my opinion, you automatically become part of the Ethereum community if you spend any amount of time involved within it - whether you live and breathe it every day or only check in from time to time. And by doing this, you are literally investing your time in the Ethereum community and (hopefully!) working to make it a better place. I actually think that the highest return on investment thing you can do for the community is become a champion for public goods funding because not only will you play a role in sustainably funding Ethereum-related work, but your work will have ripple effects across the entire Ethereum ecosystem. Lastly, I’ve always been a big believer in “investing in yourself” no matter what you are doing. It’s what I’ve personally been doing for years now and honestly the return on investing in myself beats all of the monetary return I’ve had from investing in ETH and other crypto-assets. For me, investing in myself was growing my following so that my work could reach and educate more people - for you, investing in yourself could be honing in on your developer skills to get a better job, growing your network of colleagues, or simply sticking to a regular ETH stacking schedule. That last one might have you confused but I think it makes sense since increasing your personal wealth will make your life better in many other ways! This all isn’t to say that investing in ETH the asset doesn’t help the Ethereum ecosystem - it most certainly does (especially if you stake it!) - but the point of superphiz’s tweet (and this piece) is to illustrate that there’s many more ways to invest in Ethereum (and yourself). Hell, even just reading my newsletter is investing in increasing your knowledge about Ethereum which will hopefully help you later down the track in whatever you are doing. Have a great day everyone, Enjoyed today’s piece? I send out a fresh one every week day - be sure to subscribe to receive it in your inbox! Join the Daily Gwei EcosystemAll information presented above is for educational purposes only and should not be taken as investment advice. If you liked this post from The Daily Gwei, why not share it? |
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Good Intentions - The Daily Gwei #470
Monday, April 11, 2022
Let's not perpetuate the perils of centralization (even by accident).
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Thursday, April 7, 2022
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