Lyn Alden, CEO and founder of Lyn Alden Investment Strategies, and Raoul Pal, CEO & cofounder  of Real Vision Group & Global Macro Investor, explain their thinking about Ethereum and its native token, and talk about their perspective on GameStop. In this episode, we discuss: <ul> <li style="font-weight: 400;" aria-level="1">why Raoul views ether as similar to bitcoin at a macro level (1:25)</li> <li style="font-weight: 400;" aria-level="1">why Lyn decided ETH was not currently investable (5:06)</li> <li style="font-weight: 400;" aria-level="1">an analysis of utility protocols (John Pfeffer’s paper) (6:55)</li> <li style="font-weight: 400;" aria-level="1">counterarguments to John Pfeffer’s paper (9:31)</li> <li style="font-weight: 400;" aria-level="1">how to allocate between BTC and ETH (11:22)</li> <li style="font-weight: 400;" aria-level="1">why Raoul also invested in other coins beyond BTC and ETH (11:47) </li> <li style="font-weight: 400;" aria-level="1">whether Metcalfe's law applies equally to all kinds of networks (13:35)</li> <li style="font-weight: 400;" aria-level="1">why Lyn views Ethereum’s use case as circular, and why that makes it less investable (15:09)</li> <li style="font-weight: 400;" aria-level="1">whether Ethereum 2.0 and Ethereum Improvement Proposal 1559, and whether that could make ETH more investable (21:20)</li> <li style="font-weight: 400;" aria-level="1">the impact of fees on the value of Ethereum (23:36)</li> <li style="font-weight: 400;" aria-level="1">Raoul's views on what S-Curves and the Lindy Effect indicate about the development of a currency (25:22)</li> <li style="font-weight: 400;" aria-level="1">how high fees make DApps less attractive, while low fees potentially decrease demand for ETH (27:06)</li> <li style="font-weight: 400;" aria-level="1">how Lyn believes demand for DeFi is to circumvent compliance and know-your-customer processes, and she doesn't also see that as a downside for Bitcoin (33:10)</li> <li style="font-weight: 400;" aria-level="1">how the regulators are behind innovation in cryptocurrencies, particularly around taxation (36:32)</li> <li style="font-weight: 400;" aria-level="1">Raoul's and Lyn's predictions for the ETH price by end of 2021 (41:45)</li> <li style="font-weight: 400;" aria-level="1">what GameStop says about the democratization of financial information (45:32)</li> <li style="font-weight: 400;" aria-level="1">whether smart contracts could play in preventing situations similar to what happened with GameStop and/or Robinhood (49:03)</li> <li style="font-weight: 400;" aria-level="1">how blockchain technology could be used to prevent a situation in which the hedge funds could short more shares than existed (54:03)</li> <li style="font-weight: 400;" aria-level="1">how the GameStop/Robinhood saga is a giant advertisement for self-custody (54:53)</li> <li style="font-weight: 400;" aria-level="1">whether r/WallStreetBets' behavior was market manipulation or not (56:53)</li> </ul>   Thank you to our sponsor!  <a href="http://crypto.com/">Crypto.com</a>: <a href= "http://crypto.com/">http://crypto.com</a>   Episode links:  Lyn Alden: <a href= "https://twitter.com/LynAldenContact">https://twitter.com/LynAldenContact</a> Lyn Alden Investment: <a href="https://www.lynalden.com/">https://www.lynalden.com/</a>   Raoul Pal: <a href= "https://twitter.com/RaoulGMI">https://twitter.com/RaoulGMI</a> Real Vision: <a href= "https://www.realvision.com/contributor/raoul-pal">https://www.realvision.com/contributor/raoul-pal</a> Global Macro Investor: <a href="https://www.globalmacroinvestor.com/">https://www.globalmacroinvestor.com</a>   Raoul's tweet storm on Ethereum: <a href= "https://twitter.com/RaoulGMI/status/1347013567799848961?s=20"> https://twitter.com/RaoulGMI/status/1347013567799848961?s=20</a> Lyn Alden’s research paper on Ethereum: <a href= "https://www.lynalden.com/ethereum-analysis/">https://www.lynalden.com/ethereum-analysis/</a> Raoul Pal’s tweet: ETH equals BTC: <a href= "https://twitter.com/raoulgmi/status/1347013567799848961?lang=en"> https://twitter.com/raoulgmi/status/1347013567799848961?lang=en</a> John Pfeffer’s paper: <a href= "https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor's+Take+on+Cryptoassets+v6.pdf"> https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor's+Take+on+Cryptoassets+v6.pdf</a> Network effects and Metcalfe’s Law: <a href= "https://saylordotorg.github.io/text_developing-new-products-and-services/s04-12-there-is-power-in-numbers-netw.html"> https://saylordotorg.github.io/text_developing-new-products-and-services/s04-12-there-is-power-in-numbers-netw.html</a> Quantity Theory of Money: <a href= "https://saylordotorg.github.io/text_economics-theory-through-applications/s30-01-the-quantity-theory-of-money.html"> https://saylordotorg.github.io/text_economics-theory-through-applications/s30-01-the-quantity-theory-of-money.html</a> How Will the Government React to GameStop?: <a href= "https://www.coindesk.com/gamestop-regulators-response"> https://www.coindesk.com/gamestop-regulators-response</a> GameStop and Crypto trading: <a href= "https://cryptonews.com/exclusives/are-gamestop-style-surges-in-crypto-any-different-from-old-p-9151.htm"> https://cryptonews.com/exclusives/are-gamestop-style-surges-in-crypto-any-different-from-old-p-9151.htm</a> Robinhood Raises Extra funds: <a href= "https://www.theblockcrypto.com/linked/93258/report-robinhood-billions-raised-investors-1"> https://www.theblockcrypto.com/linked/93258/report-robinhood-billions-raised-investors-1</a> Possible role of blockchain in trading: <a href= "https://cointelegraph.com/news/cardano-foundation-ceo-says-blockchain-could-prevent-gme-type-showdowns"> https://cointelegraph.com/news/cardano-foundation-ceo-says-blockchain-could-prevent-gme-type-showdowns</a> Caitlin Long: <a href= "https://www.forbes.com/sites/caitlinlong/2019/05/16/naked-shorting-in-the-uber-ipo-it-couldnt-happen-on-a-blockchain/?sh=f2a0dcd4737d"> https://www.forbes.com/sites/caitlinlong/2019/05/16/naked-shorting-in-the-uber-ipo-it-couldnt-happen-on-a-blockchain/?sh=f2a0dcd4737d</a>

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Lyn Alden and Raoul Pal: Is Ethereum a Good Investment? - Ep.211

Laura Shin