Here’s how you can join us and support our mission:

Ether Guild is a new non-profit funding ETH initiatives and ethismoney.xyz is our first initiative.

Today we measure:
📈 ETH exported
📈 ETH held
📉 ETH issuance
and help people understand that ETH is money.

But we're just getting started.

Our mission is to educate the world about the value proposition of ETH & how it fits into the Ethereum economy, the largest, most credibly neutral, most widely adopted internet-native economy. Understanding ETH takes time and education. It's easy to forget how far down the rabbit hole goes:

ETH is money secured by cryptography instead of courts. Programmable, automated contracts using ETH as money are capable of making the strongest, most trust-less economic commitments in history. This property enables entirely new forms of human coordination.

Unlike Bitcoin, ETH is money that can be lent, borrowed, traded, invested, spent, and held while earning interest without relying on any custodians or intermediaries... and that only scratches the surface.

ETH is money that’s:
💻 open source
🧾 transparent
🌍 borderless
🤝 credibly neutral
✊ censorship-resistant
✅ permissionless

ETH is money with:
📈 native yield
🪙 fee revenue
📉 minimum viable issuance
🔄 sustainable tokenomics
↕ deflationary forces
🏦 a spot ETF

ETH is money with the most adoption for:
💵 stablecoins
💎 tokenization
🏠 real world assets
📈 DeFi
and the most adoption from:
🌆 institutions
💻 developers

ETH is money that pays for:
🪙 the highest assurance of tx inclusion
💻 the most reliable & immutable execution
🔒 the most economic security for L2s
📊 the most onchain liquidity access

ETH is money used every day as a:
✅ Store of value
✅ Medium of exchange
✅ Unit of account

Assuming you fell down this rabbit hole already, you know gathering all of this^ context and knowledge takes months, even years. It should be easier. Much easier. That brings us back to Ether Guild. Educating the value proposition of ETH takes time, effort, and funding:

Today we open four donation tiers for those interested in supporting Ether Guild’s mission:

In appreciation for your support, all donation tiers provide access to our working group Discord, with additional channel access for the top 2 tiers.

The market... isn’t great right now. We know. But we can’t wait for another market cycle before deciding to support ETH. It’s time to build. If you’d rather donate your skills and time, let us know at info@etherguild.xyz.

Initial funds will help retroactively cover legal and development expenses kickstarting the non-profit and ethismoney.xyz. Once covered, additional donations will go toward funding ETH initiatives including but not limited to ethismoney.xyz. We've got plans.

As a non-profit applying for 501(c)(3) status, there are strict limits for large anonymous donations. For larger donations, reach out to donate@etherguild.xyz. Let's chat.

Don’t forget to follow and subscribe for more updates:
🐦 @TheEtherGuild
🚾 https://warpcast.com/etherguild
📥 https://paragraph.xyz/@etherguild
📧 info@etherguild.xyz

A decade from its launch, Ethereum has grown into the largest distributed coordination system in history. Over the years, builders across the globe have converged around the world computer, drawn by its potential as a new, standard internet protocol. Once drawn to Ethereum, the computer, the significance of ETH, the money, becomes clear:

The computer gives value to the money.

The money gives security to the computer.

Without Ethereum, there would be no value for ETH. Without ETH, there would be no economic security for Ethereum. These distinct components exist in a thoughtfully designed, symbiotic relationship.

Efforts to harden the computer are steadily growing. Over 40 researchers are supported by the Ethereum Foundation, a fundamental pillar guiding technical direction and advancement.

More than 180 core devs and researchers from over a dozen organizations are funded through the efforts of Protocol Guild. The future of the Ethereum virtual machine depends on these critical builders, so if you can spare it, toss a coin to your core dev.

Meanwhile, few parallel efforts exist to bolster and support the money that secures our collective computer. Understanding what ETH is and what sets it apart from other assets requires deep technical knowledge and an abundance of time. Whenever an investment banker or politician brings up the “exciting potential” of some failed 2017-era ghost chain, we are reminded of a deep knowledge chasm that still exists today.

In a world where most don’t even know that Ethereum is a computer, supporting ETH begins with educating about Ethereum. 

Supporting ETH comes in the form of educational content from The Daily Gwei and Bankless. It looks like Etherealize making the institutional pitch for Ethereum and clear data visualization tools from growthepie. 

Supporting ETH means championing concise memes like “ETH is money” and explaining the value proposition of Ethereum’s monetary policy.

Supporting ETH means coordinating efforts like these and rallying the social layer. This is where Ether Guild comes in.

Ether Guild is a group of hyper-focused ETH supporters, working to elevate ETH, the money, in service of Ethereum, the computer.

On the spectrum of shape between community and institution, Ether Guild is a collective, community initiative. On the spectrum of focus between the computer and the money, Ether Guild’s attention is fixed on supporting ETH.

More concisely, Ether Guild funds ETH initiatives similar to the way Protocol Guild funds Ethereum development. Ether Guild achieves this mission through efforts called Quests.

Quests are an opportunity for the Ethereum community to signal and aid through fine-grained, direct funding and achieve shared goals that support ETH.

Ether Guild’s first quest was to create a dashboard articulating why ETH is money using data collated beautifully by the growthepie team. Check it out.

Future quests will take various shapes and sizes, but all will fund initiatives supporting ETH.

Stay tuned for new quests.

As a US-based nonprofit applying for 501(c)(3) status, Ether Guild relies entirely on donations and grants. While this structure imposes constraints that are uncommon in crypto, we believe that a legally transparent organization operating on financially transparent rails is essential for building legitimacy and trust within the community.

This legal status also allows Ether Guild to offer tax-deductible donation benefits to US-based donors.

It is crucial for the Guild treasury to be managed by a cross section of the community:

Ryan Sean Adams of house Bankless

Anthony Sassano of house The Daily Gwei

Tobias Schreier of house growthepie

Grant Hummer of house Etherealize

Everdred of house Metal

The role of these members is to ensure that every wei received goes toward funding ETH initiatives.

Ether Guild is looking for partners in our mission to support ETH. Join the mailing list, follow us on twitter and farcaster, and stay tuned for our first crowdfunding effort to become a member. 

Volunteers interested in executing this mission can reach out at info@etherguild.xyz.

Donors interested in funding this mission can reach out at donate@etherguild.xyz.

"A peer-to-peer electronic cash."

Satoshi chose this phrase to encapsulate Bitcoin, distilling a collection of distributed system advancements into a concise summary. The pitch was socially refined further, eventually emerging “digital gold”, a metaphor that more succinctly reflects the behavior surrounding Bitcoin’s usage.  Bitcoin’s simplicity lends to the minimalism of its narratives:  a scarce rock with no functionality. It’s like gold, but it’s digital.  When describing Bitcoin, there isn’t even a need to differentiate between the asset and the protocol.

“A next-generation smart contract and decentralized application platform”.

Vitalik chose this phrase to embody Ethereum’s more ambitious objective and this fully loaded definition reflects it. Precious metal analogies won’t suffice. Using Ethereum requires an understanding of its two distinct components: 

• Ethereum is a world computer, a trust machine, a global, permissionless computer capable of making strong commitments and empowering radical markets.

• ETH is ether, gas, a usable commodity like oil, a triple point asset, it’s programmable, ultrasound money. 

Over the years, these expressions have borrowed from various analogies to capture the fundamental essence of Ethereum and ETH. Much like Vitalik’s original description, these phrases still require additional unpacking compared to Bitcoin’s “digital gold” meme. 

Explaining our memes to a normie friend usually starts like this:

“Bitcoin is disinflationary, so if BTC is sound money, Ethereum’s often deflationary issuance makes ETH ultrasound money. You see, the fee burning mechanism introduced by EIP-1559...”

To the right audience, these are still powerful memetic devices. To the wrong audience, they are additional layers of complexity and mysticism.  As a fellow ultrasound enjoyer, I recognize the 🦇🔊 meme works for me, but not everyone.

The phrase “ETH is money” has existed in crypto Twitter’s lexicon for many years, but the phrase has seen increased usage over the last 6 months:

RYAN SΞAN ADAMS - rsa.eth 🦄

@RyanSAdams

ETH is money.

The Ethereum economy with its tokens & defi & L2s will someday measure in the hundreds of trillions.

Across this vast economy there be only one asset with the deepest liquidity & settlement assurances - a censorship resistant store of value.

Money is ETH.

593

11:17 AM • Sep 12, 2024

mikeneuder.eth ⟠

@mikeneuder

hope everyone is recovering post-DEVCON! it was a pleasure to present "ETH is permissionless money" and progressively build out the points in this diagram.

---
quick highlight-reel thread below ↓↓↓
---
video: youtube.com/watch?v=qdCUbO…
slides: github.com/michaelneuder/…

237

7:06 AM • Nov 21, 2024

sassal.eth/acc 🦇🔊

@sassal0x

Ethereum is the world computer.

ETH is money.

678

4:03 PM • Dec 3, 2024

ETH is money.  It’s simple, it’s concise. It communicates ETH’s value proposition in a single word: “money”. On its own, “ETH is money” does not articulate the full story, but it doesn’t need to. Additional nuance can easily be layered on top. “ETH is money” is inherently modular:

ETH is [___] money.  Fill in the blank: Programmable, ICO, DeFi, NFT, Internet, AI, Web3, L2.

The simplicity of this format even leaves room for our more nuanced memes, like ETH is ultrasound money.

“ETH is money” is an objective description of how it’s used today.

• The Ethereum network settles about 1.3 million native transactions daily. ETH is money that pays for economic inclusion.  

• Layer 2 networks add an additional 19.7 million transactions per day. ETH is money that pays for economic security.

  

• Since EIP-1559, three and a half years ago, ETH transfers are by far the largest single source of burn, more than every other exchange and asset. ETH is money, a global medium of exchange.

• 34 million ETH is staked today, earning interest in exchange for securing the network. ETH is money with native yield.

• The current L1+L2 stablecoin market cap is $120 billion. ETH is money that moves other monies more efficiently.

• Layer 2 networks export about 4.2 million ETH ($15.3 billion today) from the L1 to be used as a high-quality liquid asset. ETH is money with cross-ecosystem demand.

  

• The Ethereum network locks $70 billion in DeFi across hundreds of assets and protocols, which is more valuable than all other blockchain networks combined. ETH is money in DeFi with the strongest network effects and access to liquidity. 

ETH is money, because it has to be. Within the meme lies recognition that a blockchain's health is rooted in its asset's monetary premium. Network security is tied directly to the money-ness of its token. Bitcoin sheds half of its new monetary issuance, and therefore, half of its security budget every four years. To incentivize validators to secure the network while retaining its 21M supply cap, Bitcoin MUST eventually replace issuance rewards with orders of magnitude increases to demand, transaction fees, and market cap. It remains to be seen if this is even economically possible, but one thing is certain:

The future of Bitcoin depends on it being money.

Fortunately, Ethereum integrated these lessons into its monetary policy, achieving sustainability of its security budget and its monetary issuance. Ethereum pays far less for security and is still capable of ending the day with less circulating supply than it started. Ethereum can secure its cake and eat it too because ETH is money.

Finally, “ETH is money” is a Schelling point for coordination and community engagement. ETH is Money is the name of a new collective formulated at Devcon SEA ‘24. The goal is to champion, educate, and spread the ETH is Money meme.

Today, in the year 2025, the third largest crypto asset by market cap is ...Ripple.  Opening Coingecko is a recurring reminder that this market is still wildly, dangerously uneducated.  

ETH is Money is a set of live dashboards, metrics, and educational tools that clearly articulate ETH's money-ness. At a time when crypto Twitter is convinced that ETH needs a stronger memetic presence, ETH is Money emerges as a growing collective response.

Kev.Ξth (🍄,🟢)

@owocki

the world if $ETH holders stepped up to do themselves what they say the EF should do.

248

3:00 PM • Jan 4, 2025

Join the community calls, discord, and follow along.

The next time you’re explaining ETH to a normie friend, see if ETH is money is right for you. Try something like:

ETH is money for the Ethereum economy, the largest and most widely adopted internet-native economy. Like traditional money, ETH can be lent, borrowed, traded, invested, spent, and held while earning interest. Unlike traditional money (and Bitcoin), you can do these things without relying on any custodians or intermediaries. While Bitcoin originally set out to become a peer-to-peer electronic cash, ETH actually achieved it.

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