The success of L1 tokens like ETH and SOL is based on them being used as money within their ecosystem. Can the latest wrapped Bitcoin, cbBTC, from Coinbase be used as money on Ethereum? And what will ultimately prevail as the dominant form of money within the Ethereum ecosystem in the long term? These are the questions we will answer in today's episode of The Milk Road Show with Kyle Reidhead, head of research at Milk Road, who sheds light on what will be used as money in the onchain economy.
You'll learn:
- What is money in the Ethereum ecosystem?
- Is the ETH going to have any competitors to be money within its ecosystem?
- Will ETH continue to be used as money over time?
And more...
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⏱ TIME POINTS ⏱
00:00 - Intro
01:30 - Sponsor shoutouts
03:15 - Can ETH face competition as money within its ecosystem?
05:25 - Defining money in the Ethereum ecosystem
07:50 - Will ETH remain a viable form of money over time?
10:15 - The implications of ETH losing its status as money
12:50 - Envisioning the onchain world 10 years from now
16:50 - Potential competitors to ETH as onchain money
22:28 - Bull and bear cases for L1 tokens as money in their ecosystems
📃 Disclaimer 📃
The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal, or tax advice. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. The speakers are not licensed financial advisors or registered investment advisors. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses. The speakers do not guarantee any specific outcome or profit. Viewers should consult with a qualified financial professional before making any investment decisions.
