Blockchain-Comparison.com @BCComparison

@koeppelmann The Crazy thing is that projects can be abandoned and Money is still left in the Pools and in the Token. Compound should be worth much less.

The internet of money, the internet of value, financial and non-financial transactions will settle on Ethereum. Conflict settlement will be public, verifiable and near-instant. There will be slightly different interpretations but the state will be stored & history will be intact

The Good News: Layer 2s on Ethereum add cryptographic security, i.e. even if they go down, you can get your $eth out! The Bad News: There‘s many other chains, protocols, assets (IOUs) issued by centralized issuers which are intransparent, manipulatable, ruggable. Be Safe.

Crypto = Cryptography, cryptocurrency, censorship-resistant data moving on uncensorable rails* *Foundational protocols/assets like Ethereum $eth have to be 100% resistent. Each protocol, app, asset on top adds risk as most trade cryptographic security for manual adjustability

Some blockchains have been running securely without interruption for 10 years. That is worth a lot. Others are interesting startups but definitely no good store of value and come with risk if you want to have DeFi there, trade tokens or even stocks!

Cassie @DuchessOfDeFi

a year ago

Crypto is a lie. We were promised pure decentralization, unstoppable code, and trustless systems. Turns out… most major chains have hit the brakes when things went south. •Ethereum hard-forked in 2016 to reverse The DAO hack. $60M was on the line. •Solana has paused its

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@nickwh8te The fee amount is neither a spam prevention nor a fundamental improvement versus Ethereum - as ETH fees are low enough for businesses & protocols to Build profitable businesses without missing the cost (while obviously offering a lot more with apps, liquidity, composability..)

@RyanWatkins_ Ethereum ☑️

@larry0x Moving from a solid eth l2 inplemenentation to a standalone cosmos chain was a massive fumble and time should indeed rather have put into product, Customer & Investor Relations and ofc also token design

If you liked REV, you'll love EBITDA - Earnings Before Incentives, Tips, Dilution, and Airdrops

When you map out stakeholders, you realize that maximizing fees IS bad for continued adoption, growth of the economy. Now do with this information whatever you gotta do - optimize for 1 KPI, game it, sell it to bad investors or build sustainable value for economy contributors 🙂

Nobody should say “There’s 10mio transactions vs 1mio. It’s worth 10x”; Nobody should say “this makes 5x more REV. It’s worth 5x”; WITHOUT checking incentives, expenditures for other stakeholders! Too simplistic. Optimize for stakeholder value accrual/growth vs value capture!

Blockchain-Comparison.com @BCComparison

a year ago

@jon_charb The thesis every serious crypto researcher/investor should underwrite is that you can’t overfocus on 1! KPI. REV is a starting point. GDP/econ activity is better. Best is measuring (trend of) demand for the asset from diff sources (incorporating incentives that cloud the image).

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@jon_charb The thesis every serious crypto researcher/investor should underwrite is that you can’t overfocus on 1! KPI. REV is a starting point. GDP/econ activity is better. Best is measuring (trend of) demand for the asset from diff sources (incorporating incentives that cloud the image).

@matthuang @MikeIppolito_ Bootstrap economy = “Simple” allocation of Investments + REV to get key Econ stakeholders Best offering (mix of security, usability..) = “Optimal” Incentive/Value Redistribution for Econ growth *few SoV L1 assets only **others are startups that should max REV + utility premium

@matthuang @MikeIppolito_ 100% agree! Early-stage: Use demand from few investors + onchain users (REV) to bootstrap economy Late-stage: Diverse demand from (sub-)economies, apps, investors IF best offering (incl low fees/REV) Start thinking about value accrual for economy stakeholders vs value capture!

Bring billions onchain. Offer value to millions of businesses and billions of users. Overoptimizing revenue (extraction/dividends) is a loser management strategy that is not thinking big enough. x.com/BCComparison/s…

Blockchain-Comparison.com @BCComparison

a year ago

@RyanWatkins_ Eth onchain adoption has grown sig in past 3 years thanks to l2s. (High) REV from artificially lmtd blockspace is temporary/cyclical phenomenon. It can be growth accelerator during mania but onchain businesses & users need manageable, predictable low fees to contribute to GDP.

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Optimize L1 asset demand - to pay for security AND growth. Onchain adoption is just starting & will grow in next decades. Fees + $eth demand from Mio of apps will be massive demand driver. But short- AND long-term investor demand may be just as big! $eth is growth asset & SoV.

Blockchain-Comparison.com @BCComparison

a year ago

@RyanWatkins_ 17: ICO $eth demand 20: DeFi $eth demand 21: L1 fees/REV bad for adoption 23: $eth demand can come from n places (incl l2 economies) Growth/Pay security via - inflation (all holders) - l1 usage (onchain users) - mix: l1/l2 users, investors, x L1 users paying is NOT 🥇 option!

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@RyanWatkins_ Eth onchain adoption has grown sig in past 3 years thanks to l2s. (High) REV from artificially lmtd blockspace is temporary/cyclical phenomenon. It can be growth accelerator during mania but onchain businesses & users need manageable, predictable low fees to contribute to GDP.

@RyanWatkins_ 17: ICO $eth demand 20: DeFi $eth demand 21: L1 fees/REV bad for adoption 23: $eth demand can come from n places (incl l2 economies) Growth/Pay security via - inflation (all holders) - l1 usage (onchain users) - mix: l1/l2 users, investors, x L1 users paying is NOT 🥇 option!

Smart contracts, onchain economies that use (or burn) $eth & cannot be changed are premium demand: native type 2 l2s, $eth locked in DeFi (LP).. It’s also fair to use $eth revenues for other purposes like salaries or growth.. but $Eth (ereum) may opt-in to incentivize alignment.

Demand from Ethereum l1 onchain usage is tier 1 demand & translates directly into revenue & $eth burn. Demand from Ethereum l2, apps, sub economy usage (& investor demand) translates into holder demand - but should be discounted a bit in models because of additional uncertainty.

You should MAXIMIZE DEMAND for the asset. Bitcoin is leading with institutional investment demand. Ethereum is leading with (onchain) demand from various stakeholder groups. All other L1/L2s should focus on revenue that can directly translate into fundamental buy & burn demand

Matt Huang @matthuang

a year ago

IMO, regardless of whether you believe L1 assets are monetary or equity-like… you should care about maximizing REV.

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