The Chopping Block: L2 Strategy Debates, Prediction Market Innovations, and Ethereum's Vulnerabilities - Ep. 692 – Unchained

Haseeb: I'd say it is more like Ethereum is the United States because Ethereum still has $60,000,000,000 of TVL, has way more capital than any other chain, has in terms of the dollar amount of economic activity on Ethereum, it is still bigger. Now that doesn't necessarily mean that there's more users. There's obviously fewer users but those users are very very wealthy. Right? The US has 4% of the world population.

There's not a lot of Americans in the world. But the overwhelming just mass of wealth in the US is so big, that's concentrated in a relatively small number of people. That feels more appropriate to me. That's not DC, right. DC is a decision making apparatus for the US, right.

It's like the brain essentially or the brain stem that connects up to this gigantic body. That's not Ethereum. Ethereum doesn't make decisions for the l twos, and it has no governance control. Right? If anything, o p is DC, for for the ones that are a part of the super chain.

Robert: So Ethereum has a Dutch disease, but for ether. It's just, you know, not a dividend.

Tarun: It's a tale of Tuphon.

Haseeb: Now your losses are on someone else's balance sheet.

Robert: Generally speaking, aircrafts are kind of pointless anyways.

Haseeb: I named trading firms who were very involved.

Tarun: I like that ETH of the ultimate possible.

The Chopping Block: L2 Strategy Debates, Prediction Market Innovations, and Ethereum's Vulnerabilities - Ep. 692

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