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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
And you've given a fantastic rationale.
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
But in order for a money to actually become a monetary unit, we got to go convince a whole bunch of other people.
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
And I guess what's stopping that from happening?
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
Or why hasn't that happened?
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
Why is Ethereum grouped as a technology?
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
And why is the asset under-talked about, under-explained, under-appreciated so much?
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
And how do we change that?
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
This is a question, though, or maybe a critic might say, OK, so if Bitcoin is kind of got some store of value, moneyness, monetary premium.
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
Right.
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
And then and then Ether does as well.
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
Well, then you're opening the door to every single crypto asset down the stack to also become a monetary asset.
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
Is the door open for a Solana to do this, for a Cardano to do this, for an XRP to do this as well?
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
Any other L1?
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
Is this just the trajectory that all L1s take or is there something different about a Bitcoin and Ethereum?
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
And so for investors who've maybe gotten to this point in the podcast and they hear the point about productive asset a lot, and they're still asking themselves, but if you guys like productive assets so much, why not just do the Buffett strategy and buy the S&P?
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
What would you say to them?
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
Why not just buy the S&P?
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
When you guys think about risk, this thesis that ETH is a store value asset, that's a productive money, like what are the core risks to this?
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
Like what would make this not true?
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Productive Money: The Most Bullish Case for Ethereum ($250K) | Michael McGuiness & Vivek Raman
So in order to get there, all the way to 250K, we've got a long road ahead.