ETH's Modular Bet Will Work | Alex Botte & Alexander Pack
Episode publishedPodcast: EmpireEmpire
Transcript preview
Preview only
The main thing, like, ETH did wrong and is just continuing to do wrong, at least from the foundation like, the foundation side, the core team, is just their actual technical road map. Right? Why are they focused so much in desexualization? Like, why is there so much navel gazing? Why haven't they scaled the l one? I guess you can make this counterfactual that maybe they would have worked harder or tried better to scale the l one if there was no roll up centric road map, but I don't know, man. So I just I just, like, l twos saved us. They saved Ethereum. You know? Like, no one would wanna use M
Scale is the blockchain that is simply built different. Other l one networks have costly transaction fees, clunky user experiences, and lack true adoption in AI and on chain gaming. Explore the gas free ecosystem at scale.space/ecosystem and follow their journey on x at Scale Network. That is Scale with a k. Hit the link in the show notes to get started. Hey, everyone. Jason here. Wanted to talk about something that's been on my mind a lot recently. We should not be just recreating the TradFi industry. That's why I'm excited to share with you that today's sponsor, Magic Eden, is getting into t
you. Yeah. This is our first time, I think. So it's good to be here. Alex,
why are you why are you I I'm gonna refer to Alex Bodie as Bodie, and then, Alex, I'm gonna refer to you as Alex. Alex, why are you doing you're usually more, like, behind the scenes, I feel like. Why are you doing more podcasts? I
don't know if I'm doing that many. I think you're Why
are you doing this podcast? I've tried to get you on the show for years. Why are you doing it now? First
one in a few months. Well, we we wrote this research piece a couple weeks ago, and Alex Bode, our our head of research, did a lot of the data on it about, Ethereum and modularity, which is, like, you know, the number one thing that I think outside of meme coins that, that crypto Twitter, rags on. Like, why is ETH underperforming this cycle? What's happening to my ETH bags? Am I getting poor? Is Solana taking over? And, everyone's been blaming this whole, like, modularity thing, for why ETH is is going down and and sucking so hard. As a fund, we invest in a lot of this stuff. Like, we're tech i
stuff. We can talk about other stuff too. Nice. No. That's what I wanna talk about because it seems like so ETH has obviously underperformed Bitcoin and Sol by a lot this cycle. And I would say if you ask people why that's happened, it's like in one sentence. It's probably ETH's decision to go modular was a mistake. And the way that they chose to scale and maybe for I'm putting quotes around this, like, fragment the their ecosystem was potentially a good decision for some reasons, but for the price of ETH, it was a bad decision. And so I'd love to yeah. Maybe we can explore that. But, Alex, ca
Yeah. Yeah. I started as a VC in the space, in 2014. And, back then, you would be amazed and I loved, like I thought Ethereum was the coolest thing. What got me excited about crypto. And you would be amazed at the number of people that, like, now everyone thinks of them as just, like, ETH maxis that were hardcore Bitcoin maxis at the time. So even being, like, really bullish on ETH was at one point, like, a contrarian trend amongst, like, Silicon Valley, VCs, and things like that. And, once ETH started taking off, you basically and ETH Ethereum was, like, as monolithic as it gets, right, espec
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.