Haseeb Qureshi
👤 SpeakerAppearances Over Time
Podcast Appearances
For Bitcoin, what does Bitcoin represent, right?
Does it give you cash flows in anything?
No, there's no cash flows in Bitcoin.
It just gives you a commodity.
Bitcoin's a commodity.
So, okay, now I have ether.
What does ether represent?
Well, ether is a little more complicated, right?
It's got cash flows because ether gets burned.
There's revenues for the chain.
It's also a commodity because you use ether to pay for gas.
So it's kind of the oil of Ethereum.
It's also currency, right?
Things get priced in ether on top of Ethereum.
Not a lot of things anymore, but there's still some things that get priced in ether.
So it's kind of amazing.
It's hard to describe exactly what it is.
Now, if you look at something like hyperliquid,
Okay, hyperliquid, this really looks more like a share in a business, right?
The business is decentralized exchange and you get a piece of the profits if you own some of hype token, right?