The Blockcrunch Podcast

Is ETH Uninvestable? The ETH Disaggregation Thesis - Blockcrunch Roundtable 005 feat. Yuan from Blockchain Capital

Feb 15, 2024

In this episode, Blockchain Capital's Principle, Yuan Han Li, joins Jason and Sanat to discuss ETH value accrual, its money utility, the disaggregation of blockchains, and the importance of ETH as money and economic security. They also explore enforcing commitments in the crypto space and the profitability of execution layers in crypto. The episode concludes with reflections on the future of ETH and recent market movements.

51:55

Creator website

Episode guests

Yuan Han Li

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Investors should consider the different layers of Ethereum for a comprehensive investment strategy.

ETH's value is derived from its role as a high-quality reserve asset and its monetary value in the crypto ecosystem.

DA layers like Celestia, Avail, and EigenDA provide infrastructure and capture value within the transaction supply chain.

Deep dives

Layered Approach to Ethereum Investment

Investors need to consider the different layers of Ethereum, including L2s and DA layers, for a comprehensive investment strategy. Ethereum's disaggregation and value accrual across these layers are important questions for investors in crypto.

Introduction

3min

Disaggregation of Blockchains and Investment Opportunities

15min

The Increasing Importance of ETH as Money and Economic Security

23min

Enforcing Commitments in the Crypto Space

5min

Drivers for Ethereum, Reserve Asset Thesis, and Profitability of Execution Layers in Crypto

4min

The Future of ETH and Reflections on Previous Views

2min

In today’s Roundtable 005 episode Jason and Sanat are joined by Blockchain Capital’s Principle, Yuan Han Li, where the three discuss ETH value accrual, ETH’s money utility, before diving deep on infrastructure mechanics and Jason’s changing views on ETH. As well as much, much more — enjoy!

Host: Jason Choi @mrjasonchoi . Not financial advice.

Timestamps:

(00:00) Introduction

(01:27) Disagreggation of ETH Value Accrual

(16:20) $ETH as money

(27:40) Modularity conviction

(33:11) Fees as behaviour incentive

(42:16) Off-chain cryptography as Proofs

(50:02) Jason’s changing view on ETH

(51:10) Outro

More Resources:

Hosts

Jason Choi’s Twitter:

/ mrjasonchoi

Sanat Kapur’s Twitter:

/ kapursanat

Yuan's Twitter:

/ yuan_han_li

Watch the episode on Youtube:

https://rb.gy/yki70a

Blockcrunch

Blockcrunch VIP: https://blockcrunch.substack.com/

Blockcrunch Twitter:

/ theblockcrunch

Disclaimer:

The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.

Full disclaimer: https://blockcrunch.substack.com/about