Network Completion Insights
Ryan discusses the relative completion of Bitcoin and Ethereum, noting that Bitcoin is about 90% complete while Ethereum is still evolving at around 20-30%. He highlights the in-game drivers of Ethereum's scarcity, including DeFi usage, staking, and transaction activity, alongside out-game drivers that mirror Bitcoin's, such as its role as a store of value. Understanding these dynamics is crucial for evaluating the future potential of both networks.In this clip
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7 - Ether’s Value Mechanisms
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