I do wonder about the ETH bear thesis a lot, but some things I just don't get. -if ethereum dies, where do all the stablecoins go, for example? -do tether and circle just wind down and redeem? does the Treasury not have an issue with this? haven't stablecoins proven a reliable source of both buying treasuries and proliferating dollarization around the world? -or are stablecoins supposed to migrate to some sort of private, permissioned chain? but that's been tried for 10 years now and those have 0 adoption. what would have to happen to make everyone suddenly accept that new reality? -or is the idea that eth gets no value accrual even though ethereum and stablecoins flourish all throughout the world. billions of people use ethereum and stablecoins but the eth price sits at $300? Which of these are plausible? I don't get it.