Andy⚡

.@drakefjustin: "I don't see how ETH could not flip BTC" Justin is asked: What's Ethereum? Is it a settlement layer? A world computer? Monetary network? He responds: "For me, this hasn't changed for many years. Ethereum is the Internet of Value." "In order to be successful as the Internet of Value you need very good money at the center of it because that will be the substrate -- the economic bandwidth -- that will allow you to build a lot of services (e.g. loans, stablecoins)." "In some sense, the success of the platform and the success of the money are tied at the hip. This is why I think those who are pushing for ETH as money are really helping the platform and vice versa -- those who are helping the platform are helping with ETH the money." "One of my theses is that we'll have winner-takes-most platforms. There's only one Internet. There's only going to be one Internet of Value that captures 90-99% of all economic activity. And just for weird, path-dependent reasons, we have Bitcoin that is the largest money right now. But I think this is a highly-unstable equilibrium for multiple reasons. And I think the best candidate to win the Internet of Value is by far Ethereum." @fede_intern adds to this point, "I was never convinced there was a chance of [Ethereum flipping Bitcoin] to be honest. But I'm getting convinced there's a high probability -- you [Justin] have played a part in convincing me because of the issuance (declining block subsidy) and now the post-quantum. I do think there's a high chance that ETH becomes the dominant economic substrate in the long-term. I don't see how proof-of-work could work long-term." Justin echoes this: "Unless there's some catastrophic failure of Ethereum, I don't see how Ethereum could not flip Bitcoin." Source: @blockspaceforum Read our thesis on why ETH is better money than BTC below 👇

.@RyanSAdams on Etherealize's Productive Money report: "This was the best thing I've read on ETH since the Triple Point Asset thesis and Ultrasound Money meme" "Part of the reason it is powerful is because it's a synthesis of Carl Menger's attributes of what makes for good money with Warren Buffett, who famously only invests in productive assets." "The author argues that Ethereum is both of those things. It is bringing together the money-like properties that Menger values and the productive, yielding, compounding asset properties that Buffett admires so much... ETH is not just money but productive money." "The most bullish thing for ETH is to be understood, and this is a paper that really helps ETH be understood to investors... I think this is worthy of pushing far and wide." "I also think this moves the Overton window to talk about ETH the asset more... This gives a nice narrative to ETH the asset as a store of value asset, which I think in the future, increasingly people will come to view it as such." Source: @Bankless Read the full Productive Money report below 👇