From Digital Oil to a Digital Nation—Narratives for Ethereum in 2021

BTC has a strong case for being digital gold – a "pet rock" that is highly valuable but static. I believe ETH has a more dynamic future as a censorship-resistant, programmable store of value underpinning a much larger digital economy by providing permissionless settlement, DA, and execution.

Myles Danielsen: Other projects certainly offer more upside potential, but the risk-adjusted opportunity of Ethereum seems particularly compelling relative to both the rest of crypto and other asset classes globally. At present, Ethereum appears to offer the model set-up of all of investing: long-term secular tailwinds, near-term catalysts, and att... See more

Attention is to a virtual economy what the gold bullion used to be to the Bretton Woods economy, or what computation aspires to be in a cryptocurrency economy: the ultimate measure of value that everything boils down to in the end. Despite code being the most ethereal and intangible good there is—human thought distilled as runnable logic—it’s made ... See more