Does High REV Signal a Blockchain's Strength or Its User Exploitation? - Ep. 841
Episode publishedPodcast: UnchainedUnchained
Transcript preview
Preview only
So what are we arguing here? That fees are gonna go to zero and REB is a useless metric. Yeah.
Right. I
don't think REB is a useless metric. I also don't think it's the only thing you should value, like, a network on, of course. Right? But, like, look, if if all I tell you about a country is you can be born in a high GDP country or a low GDP country, which one would you pick? Generally speaking, you want to be in the place where there's more economic activity. And that's why REV is important.
If you're thinking about like, a discounted cash flow model or revenue model, you are never going to value these assets the way that I think this industry or folks in this industry think they should be valued because I believe that these fees are across the board going to zero.
Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. Are you leaving comments on social? We read every one and some of them end up on the show. Today, we have some comments responding to my recent interview with NYU professor Austin Campbell on the stable coin bills ban on yield bearing stable coins. On x, a a m a intern said, stable coins should innovate for user benefits, not just banks. Also an ex, Zero X RWA said, if the senate allows yield bearing stablecoins, credit cost in the entire USA economy will shoot up. Not a great economic p
for having us.
Hey. Happy Memorial Day.
This podcast was sparked by a debate that Tom and Austin had on x, and they tagged Haseeb Qureshi of Dragonfly Capital and the chopping block to moderate. And we initially were going to co moderate. However, Haseeb claimed that he was sick and asked if he could bail. I actually also developed a gigantic headache after we had that conversation, so ended up sleeping a fair amount during the time that I was supposed to have been writing the script. So we'll see how well I managed to do, and this is he also sent questions. So okay. Before we dive into this debate, let's just define what Rev or REV
For me, and I think for BlockWorks, which really defines REV as the seminal metric that they like and others, I think, should should use and will have a lot of others have used is MEV, plus transaction fees on these networks, which primarily today is the execution fees dev on, on top of l ones and l twos?
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.