Ryan Adams

You only get fees on a blockchain if there's block space contention, if demand exceeds supply.

And if you are creating more supply...

and supply exceeds demand, you don't get fees.

And so, you know, like, if your bull case on Ether is just about fees, then you also have to not care about scaling, right?

Anyway, this is why for decentralized blockchains, my thesis on like how they accrue value is all about store of value.

It's all about money.

Bitcoin's always been right.

Ether is a store of value.

My opinion is always right.

There will be times where we'll oscillate and we will generate some fees and that will go into the burn and that will slightly reduce issuance.

But ETH is either a store of value asset and a money asset.

Or it's not worth very much because it's not worth much on fees alone.

This is a whole separate rant.

You guys know my position on this.

That's right.

That's right.

I believe that.

David, you want to hear about the strategic Bitcoin reserve?

Yeah, there was something out of consensus.

is miami which is happening right now oh yeah yeah actually uh i forgot to tell you by the way because we talked about the arctic circle meeting the glamster damn upgrade was all the devs met somewhere in the arctic circle can you pronounce that you pronounce this place solve bard solve bard for the uh sologen what country is that is that like finland