Chapter
Bitcoin and Ethereum Compared as Sound Money
1:17:23 - 1:21:34 (04:11)
Bitcoin's value derives from the currency itself while Ethereum's value comes from the blockchain and the token acting as consumable gas for transactions.
Clips
The speaker predicts that all Internet traffic will eventually require cryptocurrencies for efficiency and allocation of resources.
1:17:23 - 1:18:23 (01:00)
Cryptocurrency
Summary
The speaker predicts that all Internet traffic will eventually require cryptocurrencies for efficiency and allocation of resources. He states that if the value transfer is taken away from the Internet, the Internet as we know it will cease to function, making cryptocurrency the native money of the Internet.
ChapterBitcoin and Ethereum Compared as Sound Money
Episode#504: Vitalik Buterin, Creator of Ethereum, on Understanding Ethereum, ETH vs. BTC, ETH2, Scaling Plans and Timelines, NFTs, Future Considerations, Life Extension, and More (Featuring Naval Ravikant)
PodcastThe Tim Ferriss Show
While Bitcoin derives its value solely from the currency and blockchain, the Ethereum token, on the other hand, behaves like a consumable rate and behaves more like gasoline as a metaphor at its beginning.
1:18:24 - 1:21:34 (03:10)
Bitcoin, Ethereum, Blockchain, Currency
Summary
While Bitcoin derives its value solely from the currency and blockchain, the Ethereum token, on the other hand, behaves like a consumable rate and behaves more like gasoline as a metaphor at its beginning.