Very good episode!! Really like this focus on the business metrics. I think that we should start viewing projects via these lenses more and teach people to focus on that. The example of valuing stuff based on TVL instead of fees on TVL was just great.
I think Ryan and the team could use another looks at Eigenlayer as there are some misconceptions there. It's not rehypothecation, permissionless token restaking is live and working (unlike Karak, Symbiotic, etc.), and valuing a startup based on cash flows is problematic when the imperative is to grow and create a new category.
They focus more on the monetary side of the project (their benefit) over the real value overall for ETH blockchain and/or its structure and long play for the future.
Very good episode!! Really like this focus on the business metrics. I think that we should start viewing projects via these lenses more and teach people to focus on that. The example of valuing stuff based on TVL instead of fees on TVL was just great.
I think Ryan and the team could use another looks at Eigenlayer as there are some misconceptions there. It's not rehypothecation, permissionless token restaking is live and working (unlike Karak, Symbiotic, etc.), and valuing a startup based on cash flows is problematic when the imperative is to grow and create a new category.
They focus more on the monetary side of the project (their benefit) over the real value overall for ETH blockchain and/or its structure and long play for the future.
Boccaccio, you drain energy from people when you talk.
Be nice bro he's on the spectrum😂🎉🎉🎉