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ETH Is NOT Ultrasound Money with Jon Charbonneau

Feb 22, 2023

Jon Charbonneau, co-founder of DBA and a noted Ethereum economics researcher, challenges the notion of ETH as 'ultrasound money.' He argues that this idea may be a myth, delving into Ethereum's dual nature as both an asset and consumable. The discussion explores Ethereum’s profitability, the transition to proof of stake, and the complexities of its financial dynamics. Charbonneau also shares advanced models predicting Ether's future, which could reshape how we understand its value and competition within blockchain networks.

01:18:28

Creator website

Episode guests

Jon Charbonneau

AI Chapters

Episode notes

Intro

2min

Challenging the Notion of Ethereum as Ultrasound Money

4min

Evaluating Ethereum's Unique Financial Dynamics

27min

Blockchain Monetary Dynamics

22min

Exploring Ether Economics: Advanced Modeling for Ethereum's Future

5min

Exploring the Educational Framework of Ethereum's Economic Model

2min

Enhancing Ethereum's Execution Layer

16min

In today's episode, Jon unpacks his relatively controversially titled new piece, "ETH Is Not Ultrasound Money: Part 1"

Is ETH doomed? Was Ultrasound money a myth? Tune in to hear Jon's arguments.

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------ Timestamps:

0:00 Intro 5:06 Jon's Argument 11:30 Triple Point Asset Thesis 17:52 ETH 18:53 The Disagreement 22:10 Semantics 26:40 Profit 30:00 PoW vs. PoS 33:15 Does Issuance Matter? & L1s & L2s 37:57 Blockchain Sustainability 42:00 Deflation vs. Inflation Value 47:50 How is Jon's Argument Bullish? 51:35 Alt L1s Issuance 59:20 Jon's Model Spreadsheet 1:17:53 Closing & Disclaimers

------ Resources:

Jon Charbonneau https://twitter.com/jon_charb

Jon's Essay https://joncharbonneau.substack.com/p/eth-is-not-ultrasound-money-part

Jon's Model Spreadsheet https://docs.google.com/spreadsheets/d/1UlxKC98STwN-AoonytC-qOscZ_99fAMpMvB6EfGGe9E/edit#gid=0

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

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