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12min chapter
Fidelity's Bull Case For Ethereum
Bankless
Understanding Ethereum as a Network and Asset
This chapter explores the distinction between Ethereum the network and Ether the asset, comparing it to the misconception of Bitcoin as the network versus Bitcoin as the asset. It delves into the concept of value creation and value capture, discussing tokenomics and the alignment of network and token holder incentives. The chapter also examines the two theses for ether: the money thesis and the capital asset thesis, exploring whether ether can be considered money and its potential as a store of value asset.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode