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Yuval Rooz

๐Ÿ‘ค Speaker
862 total appearances

Appearances Over Time

Podcast Appearances

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

is that you could actually create a financial model where everybody can actually participate.

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

Now, that's just ownership.

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

But the value, in my opinion, and again, the value in my world of a smart contract net chain is the utility that gets generated on it.

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

And I think that, I think also you started talking about it in some of your podcasts is like,

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

There has been too many promises and not many deliveries of what I would say real cash flow businesses.

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

with an exception of a few.

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

I'm not saying that there aren't any.

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

We mentioned Aave, a very impressive business.

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

There are businesses, but for the most part, I would say that there haven't been really long, you know, sustainable business models that came on chain.

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

And therefore, my belief is that long-term, gravity and physics win.

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

Meaning, if you're not going to be able to actually drive utility through your network,

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

It goes to zero long term.

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

That's my personal take.

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

And as a result of that, what we're trying to do, and we've talked for an hour and a half, is about what we're trying to optimize.

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

As much utility, different asset classes, different use cases.

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

Canton coin is a utility that is being used to pay for those transactions.

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

And one thing that we have done different is that

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

the utility is denominated in US dollars.

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

And again, the reason for that is that we believe that if you're a large institutional player that is going to put a significant piece of your business

Bankless
Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

Whether we like it or not, or we should think that we should start adjusting our currency to be denominated in ETH is a very interesting conversation.