
Vivek Raman (BitOoda) on Second Order Effects of the Merge (EP.357)
On The Brink with Castle Island
Ethereum
I think the Bitcoin case is very clear, like you said, and it gets clearer by the day when we see every currency. I would argue this is Ethereum's use case too. It's trying to be an open source app store. So basically an open source innovation platform where anyone can build anything. But what is ETH? ETH is the reserve asset of that app store of that economy. Now there's a stake in yield which actually acts as a differentiated yield compared to government bond yields, etc. Alongside Bitcoin, I think. Some institutions will buy ETH but other institutions that have ESG mandates that just have to look at headlines and how much electricity we use, they can now buy
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