Is ETH on Its Way to Becoming Ultra-Sound Money? Yes, Says Justin Drake
Listen now
Ethereum just went through its most complex upgrade ever. Justin Drake, researcher at the Ethereum Foundation, discusses what the upgrade, aka the London hard fork, means for ether’s future as what he calls "ultra-sound money." At the end of the episode, he also drops a few Bitcoin hot takes. Show highlights: his background and how he got involved in crypto how EIP 1559 will affect Ethereum now that it is live why burning ether is good for the Ethereum economy what two concepts are crucial to understanding money what three ways ether is used as money why he believes ether will become “ultra sound money,” when gold and silver are just “sound money” what the main drivers of ETH’s value are how the merge from proof-of-work to proof-of-stake will happen for Ethereum  how much more efficient Justin calculates proof-of-stake will be compared to proof-of-work why people are saying Ethereum is going through a “triple halvening” what factors influence how much Ethereum is issued and burned how Ethereum could become deflationary why net sell pressure is about to decrease what projects are burning the most ETH now that EIP 1559 is live why Justin is worried about Bitcoin’s future what Bitcoin could do to survive once it only subsists on transaction fees whether Justin considers himself a bitcoiner how ETH as ultra-sound money is becoming a meme   Thank you to our sponsors!   Tezos:    Episode Links   Justin Drake Twitter:   Written content June 23 Ethereum Foundation ETH 2.0 Research AMA (command F for Justin Drake responses) “If capped-supply gold is sound money decreasing-supply ether is ultra sound money”   Math Modeling ETH based on EVM fees  Calculating ETH supply Podcast appearances Bankless “Modeling Ultra Sound Money” (April 28) Bankless “Ultra Sound Money” (Mar 23) Bankless “Bull Case for Cryptography” (Jan 25)   London/EIP 1559/Ethereum 2.0 Resources Unchained content Episodes Ethereum’s EIP-1559 Will Solve Some Problems But Big Ones Will Remain  Ethereum 2.0: What You Need to Know Why Ethereum 2.0 Could Fail and How It Could Be Fixed  Previous resources EIP 1559 links (Tim Beiko)  Messari Research  Staked ETH address DETH of Ethereum   Various research Ethereum: The Triple Halving  Bankless
More Episodes
Published 11/30/21
On Unchained, two co-founders of Solana Labs, Anatoly Yakovenko and Raj Gokal, dive deeply into the Solana ecosystem, discussing everything from the price of SOL to the Solana network outage to the competition between Ethereum and Solana. Show highlights: why Raj thinks SOL’s market cap grew...
Published 11/30/21
Maren Altman is a professional astrologer and crypto trader. On Unchained, she discusses her end-of-year price target for Bitcoin, how crypto fits into her natal chart, and how she uses planets to divine the price movement of crypto assets. Highlights: why Maren believes she was born to trade...
Published 11/26/21