Raoul's Unified Thesis on NFTs
Raoul Pal: Real Vision
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The Network Effects and the Network Economy
The network state idea I've been thinking about in my head and eth to me is the closest approximation for the network economy. You see it's a when you look at the Ethereum economy itself you have the economic activity which is the on chain activity ofthereum itself. So that looks very much like a traditional economy where you've got a cost of capital over a shorter period of time. And this is the network effects and the network state ideas that I want to talk to you about as well.
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