Is it Ethereum or bust? Ansgar Dietrichs makes the case that only Ethereum can anchor the financial system, and admits ETH still lacks a clear value story.
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The Ethereum Foundation is deliberately shrinking its role, and five former researchers have launched Ethlabs to take over the work they worry will otherwise go undone.
Ansgar Dietrichs, co-founder of Ethlabs, joins Laura Shin to lay out the split: the Foundation will protect what should not change, while Ethlabs pushes the parts of Ethereum that must evolve. He makes the case that the global economy is moving onchain, and that Ethereum is the only candidate to sit at the center of it, or no one will.
The conversation traces why ETH the asset has been stuck between $1,000 and $5,000 for five years, why Dietrichs thinks EIP-1559 and cheap blockspace were never intentional choices, how Ethlabs divides labor with the Foundation, Etherealize, and Consensys, and what DeFi founders like Uniswap's Hayden Adams actually need. The throughline is a single missing ingredient he keeps returning to: intentionality about what ETH is actually for.

Host:
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<a href="https://x.com/laurashin">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Laura Shin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a>, Host / Unchained</li>
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Guests:
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<a href="https://x.com/GlennOnrampBTC">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a><a href="https://x.com/Shaughnessy119">⁠⁠⁠⁠⁠⁠⁠⁠⁠</a><a href="https://x.com/hosseeb">⁠⁠⁠⁠⁠⁠⁠</a><a href="https://x.com/j0hnwang">⁠⁠⁠⁠⁠</a><a href="https://x.com/ColeMacro">⁠⁠⁠</a><a href="https://x.com/VinnyLingham">⁠</a><a href="https://x.com/adietrichs">Ansgar Dietrichs</a> - Co-founder of Ethlabs

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Timestamps
🏛️ 01:26 Why the Ethereum Foundation is stepping back and the gap Ethlabs fills
🌐 04:00 What Ethereum would look like if Ethlabs succeeds
🧱 07:56 Why Ethlabs is scaling the L1 and fixing interop at the same time
🤝 10:48 How Ethlabs divides labor with the EF, Etherealize, and Consensys
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💸 20:15 Why ETH has been stuck waiting five years for its next act
🔗 24:24 Does L1 activity still drive ETH's value, and why ETH's interop lags
🔥 27:25 Why Ansgar says cheap blockspace and EIP-1559 were never intentional
🪙 33:27 Why being an Ethereum L2 isn't yet the superpower it should be
🦄 36:17 The culture at the EF and what kind of culture Ethlabs will have
🏢 39:41 The accountability loop: a two to three year runway and who Ethlabs serves
🛠️ 45:33 What DeFi founders actually need from Ethereum, per Hayden and others Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

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