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Published · transcript-backed

Speaker unverified: belief

6 Jul 2021 Acquired Ethereum

“There's a bunch of things jumbled into one, but I think the existence of an Ethereum classic, or existence of a bunch of chains that technically are the exact same as something like Ethereum, but their coins are nowhere near as valuable.”

— Speaker unverified

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Everything needed to verify it.

Speaker
Speaker unverified
Attribution
Not verified from this transcript
Claim type
belief
Recorded
6 Jul 2021
Publisher
Acquired
Episode
Ethereum

Transcript context

…Ethereum classic has recovered, yeah. Which is the same thing, but it doesn’t have the brand power associated with. It all ties in together where there are network effects because people moved over so it makes sense because other people are moving over. There's a bunch of things jumbled into one, but I think the existence of an Ethereum classic, or existence of a bunch of chains that technically are the exact same as something like Ethereum, but their coins are nowhere near as valuable. I think to me, that's kind of bread power. That ties into the Lindy thing we were talking about before. Yeah, that's a really good point. It's funny how the psychology of when I go put $5000, again not investment advice, into Ethereum feels like, maybe, it’s probably not going to go to zero, but when I put $5000 into a brand new coin that someone told me is doing technically interesting but I've never heard off, I may be like, how about $500? There's definitely some test the water things and it's funny how it's actually more around how much I would be willing to invest, not how much I will be willing to pay. There is a brand power that accrues to it from a trust perspective of even though it's a very, very volatile asset, gives me some amount of trust that it's here to stay.…

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