Ryan Sean Adams

ETH is better because it compounds.

Gold and Bitcoin don't compound.

So therefore, ETH is a better money.

ETH is the first monetary asset that does this compounding without any counterparty risk, which is notable.

ETH is a better money than gold and Bitcoin by other measures.

So it has greater scarcity.

Maybe we need to delve into that in a little bit.

And then you've got the combined monetary premium of gold and Bitcoin.

It's $30 trillion.

If ETH was the same price, then it would be $250K.

Then also, I think the point you make in the essay is that productive money like Ethereum will outcompete dead capital over a long enough time horizon.

Can you dive into that point?

Because...

I'm not sure that that's clear to listeners.

In fact, Bitcoiners have said in the past that because Ethereum generates yield, that kind of disqualifies it from the money race because it has too much utility.

And if an asset has too much utility...

it can't be a money, right?

You know, a notable thing about gold is it doesn't have that much utility.

Maybe it's used in jewelry, ornamentation, that sort of thing.

But the primary use case is as a store of value, as a money.