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Ethereum as Aspiring Money
This chapter explores the evolving role of Ether within the financial landscape, comparing it with Bitcoin and discussing its potential as both a digital currency and a yield-bearing asset. The conversation highlights Ethereum's transition to proof of stake, emphasizing its implications for cash flow generation and traditional valuation methods. Additionally, the chapter examines the subjective nature of value, scenario analysis, and Ethereum's competitive edge amid rising competition in the blockchain space.