# Crypto 2024

*Long term crypto trends*

By [kebra.eth](https://paragraph.com/@kebra.eth) · 2024-06-15

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Why am I transferring my crypto from cold wallet to ETF?
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For the last 3 years, I regularly needed to cash out my crypto for external needs. It happened most of the time during crypto dips. The problem I encountered is that wherever the country I lived in at that time, the DEXes were closing, lost their banking credentials, then resuscitated. 

To get my crypto liquid, I transferred part of my cold wallet stash to ETFs through various DEXes … when they were working. Another advantage is also to take advantage of lower crypto taxes depending on which country I am cashing out.

Why is it good for a L1 to be slow and expensive?
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Actually, the real question is “Why being fast and cheap is not that good for a L1 blockchain?” . 

### Solana is fast and cheap

1.  Several thousands of transactions per second. Is it enough? Where’s the limit of **“fast”** anyway? I understand that the benchmark is mastercard or visacard but not mastercard+visacard.
    
2.  To be **fast** (many transactions per seconds), running a node needs a high end computer configuration while ethereum can run on a Rapsberry Pi and bitcoin could run on an old 2010 PC.
    
3.  Does **cheap** means lack of reliability: Blockchain hangs up every year
    
4.  Full of memecoins which are sometimes just spam. **Cheap means spam.**
    

### How does ethereum and bitcoin become fast and cheap without being compromised by spam?

Obviously with L2 chains. It’s very interesting how ethereum secures its leadership by making it cheaper for L2 chains to operate through EIP-4844.

### Is any other type of L1 chain needed other than bitcoin and ethereum?

Are Solana, Cardano, Polkadot following the path of EOS?

Will SUI follow the paths of Solana, Cardano, Polkadot?

Here are a sample list in the news I read these last days:

*   _APE society is leaving Cardano._
    
*   _I rotated some of the altcoins that are relatively old like ATOM, like Curve in my portfolio and I swapped them for newer coins._ 
    
*   [_Friend.tech_](http://Friend.tech) _got a mixed reaction to news that it's leaving Base to launch its own network._
    

### Open ethereum questions:

1.  Will ethereum sharding make its L2 chains redundant?
    
2.  Does Ethereum need sharding when L2 chains are basically doing the same job today? Not making all their transactions visible to the L1 chain. 
    

Why don't I care for an L2 chain to be centralized as long as it’s fast and cheap?
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Because as I’m using L2 for smaller amount or values operations, I don’t want to pay a huge overhead. L2 are like mastercard or visacard to me. That’s why I prefer to have my valuable NFTs on ethereum rather than on an anychain. Yes, I still value some of my NFTs in 2024.

From a high level perspective, centralization usually means faster and cheaper but having your stake at the mercy of the central power.

Bonuses
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### After Smartphones

SmartPhones are deemed to be replaced by Smartglasses.

The way we interact with the web1,2,3,4 based on where we physically are will change.

This is called Augmented Reality.

Augmented Reality is not only signaling obstacles while you are walking in the street, it can also give context of where you are currently walking and deliver information or messages accordingly.

This is why I am a strong believer of “World Mapped Augmented Reality” as proposed by  [https://www.overthereality.ai/](https://www.overthereality.ai/) . 

Here is a political AR experience at the Paris Élysée presidential palace: [https://tinyurl.com/8ebc9rds](https://tinyurl.com/8ebc9rds)

### ICANN exorbitant privilege must be dragged down

The same way blockchains enable transactions to be written into a decentralized ledger, internet addresses/URL resolution can be decentralized.

[https://decentraweb.org/blog/how-web3-can-change-domains](https://decentraweb.org/blog/how-web3-can-change-domains)

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*Originally published on [kebra.eth](https://paragraph.com/@kebra.eth/crypto_trends_202406)*