AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
ETH Is NOT Ultrasound Money with Jon Charbonneau
Bankless
What's the Difference Between Transaction Fees and Stock Based Compensation?
The core of my argument is actually something like ETH is significantly more profitable than I think most people have been saying it is by that traditional framework. In this case, I am the network because I own all the tokens and I have all of them staked. So effectively, my profitability as that operator at the end of the year is very simple. It's not tokens versus if I played out that same year, made a million dollars and issued a bunch of tokens. The only difference is from the beginning of the year to the end ofthe year is that there are more tokens in the second scenario but the market cap of the asset should effectively be the same.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode