RYAN SΞAN ADAMS
@RyanSAdams • 276,873 subscribers
Crypto investor going bankless. 🏴
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The ETH thesis for Thomas (Tom) Lee (not drummer) FundstratDirect.com is simple. He's frontrunning ETH accumulation by the banks. "Ethereum is also the architecture that future banks will have. When goldman issues a stablecoin and JPMorgan doing it on Ethereum as Layer 1 blockchain they're going to want to secure it by staking Ethereum so, we're trying to get in front of that by creating an Ethereum treasury vehicle." Why is Tom Lee converting a bitcoin mining company to an ETH treasury and staking company? Simple. The banks will have stablecoins. The stablecoins will deploy on Ethereum. And so...the banks will acquire & stake ETH to secure their stablecoins. First commercial banks buy and stake. Then central banks buy and stake ETH. ETH becomes a world reserve asset. He's frontrunning the obvious ETH accumulation trend - just as he did with bitcoin many years ago. Bullish ETH.
RYAN SΞAN ADAMS474,391 Aufrufe • vor 1 Jahr
This shook me. Eliezer Yudkowsky ⏹️ says AI will end humanity. He says Elon Musk and the OpenAI tribe are putting a demon summoning circle in every household. He's given up. "So this is what humanity will elect to do. We will not have more grace, not even here at the very end."
RYAN SΞAN ADAMS581,681 Aufrufe • vor 3 Jahren
I asked Vladimir Novakovski the founder of Lighter why other platforms are still building for L1s and citing performance reasons? "idk, maybe they made a technical choice 2 years ago that's not relevant today. Those guys should go talk to Succinct." He says there's no performance limitation to L2s - Lighter could run at 1m TPS now if it needed to. "The more secure the L1, the more performant the L2." It seems Lighter is an L2 for one simple reason. A better product for users.
RYAN SΞAN ADAMS108,251 Aufrufe • vor 1 Jahr
We took the fight to the podcast. Full 20 min debate on the Ethereum not ETH fallacy. Still friends.😉
RYAN SΞAN ADAMS34,813 Aufrufe • vor 4 Monaten
My 100 second elevator pitch on ETH to tradFi. Bitcoin is 1 asset - just bitcoin. Ethereum is all possible assets. Which is bigger? Gold...or all the assets in the world? Bitcoin was designed to secure one asset, just bitcoin. Ethereum is a general purpose platform designed to secure everything else: stablecoins, loans, equities, bonds, derivatives - everything in finance. The word for this is: Tokenization. People like Larry Fink are saying every stock, bond, and asset will be tokenized on a global ledger. And even he's thinking too small - tokenization isn't just the assets of the past it's the assets of the future - AI compute, personal data, social status & celebrity. Everything will be tokenized. Ethereum is a global computing network to tokenize and program any asset. Ethereum adds property rights to the internet. Tokenization can and will happen on other platforms, but Ethereum is positioned the strongest contender to ride the tokenization wave. 100 million people own ETH. 100 thousand developers actively contribute to the code. Already, Ethereum settles more annually than the Visa network…and it’s just getting started. Now let's talk about ETH. The cryptocurrency of Ethereum is called ETH and has investible economics, including an algorithmic buy-back and dividend program that drives billions per year in earnings to ETH holders. This number grows as the network expands. You can build a DCF model on ETH as you word with a stock like Nvidia. And because ETH is extremely secure and decentralized like Bitcoin, more and more people are seeing ETH as a compliment to Bitcoin as a non-sovereign store of value. While bitcoin has greater certainty of supply, Ethereum pays a dividend and is deflationary, with the upside of the entire token economy. Bitcoin is exposure to digital gold. Ethereum is exposure to everything else. I own both. But if I could only pick one, I'd pick the superset. I’d pick ETH.
RYAN SΞAN ADAMS74,083 Aufrufe • vor 2 Jahren
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