He singled out JPMorgan as a bank already steeped in Ethereum technology since \u201c2014\u20132015.\u201d \u201cThe one quibble that I have with what Tom has been saying\u2026 he is not nearly bullish enough,\u201d Lubin added. \u201cBut the real problem is that it is not possible to be bullish enough.\u201d<\/p>\n
Lubin’s Big Plans For Ethereum<\/h2>\n
Lubin also attempted to puncture a popular narrative about scaling tradeoffs, contending that \u201cthe narrative of L2s cannibalizing L1 will very soon be shattered.\u201d He pointed readers to Consensys\u2019 Linea network and a newly public \u201cProof-of-Burn\u201d initiative as examples of coordination mechanisms that could strengthen Ethereum\u2019s base layer economics rather than dilute them.<\/p>\n
The second leg of Lubin\u2019s thesis centered on tokenizing Ethereum\u2019s burn into a transferable primitive dubbed BETH, introduced last week by the Ethereum Community Foundation (ECF). In follow-up posts, Lubin prodded the ecosystem to \u201cdig into all the ramifications of tokenizing and explicitly accounting for burned ETH,\u201d even floating a playful incentive experiment: \u201cWould you burn a bit of ETH for [a @BanklessHQ] episode? \u2026 Would some of you send some of that BETH to @BanklessHQ?\u201d Beyond media stunts, he sketched potential demand sinks and governance uses: \u201cWould there be a growing demand for BETH as it takes on signaling and voting power in many different contexts?\u201d<\/p>\n
Under the ECF design, BETH is an immutable ERC-20 that mints 1:1 when ETH is provably destroyed. The contract forwards deposits to the canonical burn address and issues BETH to the depositor; supply equals cumulative burned ETH by construction, with no admin keys and no redemption path back to ETH. This makes burn\u2014not issuance\u2014the productive act that yields a new asset representing alignment with scarcity. The reference implementation and contract address were published by ECF alongside a blog explainer.<\/p>\n
Lubin then speculated on derivative layers that might emerge on top of BETH\u2014\u201cBBETH, BBBETH, etc.\u201d\u2014as context-specific assets. He analogized this to early \u201ccolored coins\u201d on Bitcoin, with a critical distinction: these \u201cshades of BETH\u201d would live natively in Ethereum\u2019s token standards and tooling, eliminating the off-chain recognition problem that stymied first-generation experiments. \u201cOne could think of [BBETH\/BBBETH] as a more refined element of \u2018cracked ETH\u2019\u2026 more scarce,\u201d Lubin wrote, suggesting games and other constrained economies as potential testbeds.<\/p>\n
The near-term market framing came via Fundstrat\u2019s Tom Lee, whose latest public commentary has been notably constructive on Ethereum\u2019s institutional arc. Lee has argued that Wall Street\u2019s operational stack is migrating to blockchains, that ETFs and staking rails provide investable wrappers for compliance-first capital, and that Ethereum could be the \u201cbiggest macro trade over the next ten to fifteen years.\u201d Lubin, for his part, said the two \u201cget on calls intermittently\u201d to coordinate strategy in areas of overlap while \u201ccompeting in highly differentiated ways.\u201d<\/p>\n
At press time, ETH was trading around $4,399.<\/p>\n
![\"Ethereum](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/09\/ETHUSDT_2025-09-01_08-36-54.png?resize=1024%2C471\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum co-founder and ConsenSys CEO Joseph Lubin ignited ETH discourse on August 30 with an unusually expansive thesis about the network\u2019s monetary and institutional trajectory, arguing that Wall Street will migrate its core infrastructure onto Ethereum rails and that ETH \u201cwill likely 100x from here,\u201d ultimately \u201cflippen[ing] the Bitcoin\/BTC monetary base.\u201d \u201cI am 100% aligned…<\/p>\n","protected":false},"author":1,"featured_media":6895,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[143],"tags":[64,144,145,66,88,89,2766],"class_list":["post-6894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-joe-lubin"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=6894"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/6895"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=6894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=6894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=6894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}