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b'Ethereum just went through its most complex upgrade ever. Justin Drake, researcher at the Ethereum Foundation, discusses what the upgrade, aka the London hard fork, means for ether\\u2019s future as what he calls "ultra-sound money." At the end of the episode, he also drops a few Bitcoin hot takes. Show highlights:\\n\\nhis background and how he got involved in crypto\\n\\nhow EIP 1559 will affect Ethereum now that it is live\\n\\nwhy burning ether is good for the Ethereum economy\\n\\nwhat two concepts are crucial to understanding money\\n\\nwhat three ways ether is used as money\\n\\nwhy he believes ether will become \\u201cultra sound money,\\u201d when gold and silver are just \\u201csound money\\u201d\\n\\nwhat the main drivers of ETH\\u2019s value are\\n\\nhow the merge from proof-of-work to proof-of-stake will happen for Ethereum\\xa0\\n\\nhow much more efficient Justin calculates proof-of-stake will be compared to proof-of-work\\n\\nwhy people are saying Ethereum is going through a \\u201ctriple halvening\\u201d\\n\\nwhat factors influence how much Ethereum is issued and burned\\n\\nhow Ethereum could become deflationary\\n\\nwhy net sell pressure is about to decrease\\n\\nwhat projects are burning the most ETH now that EIP 1559 is live\\n\\nwhy Justin is worried about Bitcoin\\u2019s future\\n\\nwhat Bitcoin could do to survive once it only subsists on transaction fees\\n\\nwhether Justin considers himself a bitcoiner\\n\\nhow ETH as ultra-sound money is becoming a meme\\n\\n\\xa0\\nThank you to our sponsors!\\nCrypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2\\xa0\\xa0\\nTezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero\\xa0\\n\\xa0\\nEpisode Links\\n\\xa0\\nJustin Drake\\nTwitter: https://twitter.com/drakefjustin\\n\\xa0\\nWritten content\\n\\nJune 23 Ethereum Foundation ETH 2.0 Research AMA (command F for Justin Drake responses)\\n\\n https://www.reddit.com/r/ethereum/comments/o4unlp/ama_we_are_the_efs_research_team_pt_6_23_june_2021/\\n\\n\\u201cIf capped-supply gold is sound money decreasing-supply ether is ultra sound money\\u201d\\n\\n https://twitter.com/drakefjustin/status/1396796596281614339\\n\\n\\xa0\\nMath\\n\\nModeling ETH based on EVM fees\\n\\n\\n https://docs.google.com/spreadsheets/d/1U9cGxGY3_t7m4MEIpjKWtRcA2zRajywaxMCZYqbF9eI/edit#gid=0\\xa0\\n\\nCalculating ETH supply\\n\\n https://docs.google.com/spreadsheets/d/1ZN444__qkPWPjMJQ_t6FfqbhllkWNhHF-06ivRF73nQ/edit#gid=0\\n\\nPodcast appearances\\n\\nBankless \\u201cModeling Ultra Sound Money\\u201d (April 28)\\n\\n https://shows.banklesshq.com/p/-sotn-44-modeling-ultra-sound-money\\n\\nBankless \\u201cUltra Sound Money\\u201d (Mar 23)\\n\\n https://twitter.com/drakefjustin/status/1374049775474114562\\n\\nBankless \\u201cBull Case for Cryptography\\u201d (Jan 25)\\n\\n https://shows.banklesshq.com/p/-moon-math-the-bull-case-for-cryptography\\n\\n\\xa0\\nLondon/EIP 1559/Ethereum 2.0 Resources\\nUnchained content\\n\\nEpisodes\\n\\nEthereum\\u2019s EIP-1559 Will Solve Some Problems But Big Ones Will Remain\\n\\n\\n https://unchainedpodcast.com/ethereums-eip-1559-will-solve-some-problems-but-big-ones-will-remain/\\xa0\\n\\nEthereum 2.0: What You Need to Know\\n\\n https://unchainedpodcast.com/ethereum-2-0-what-you-need-to-know/\\n\\nWhy Ethereum 2.0 Could Fail and How It Could Be Fixed\\n\\n\\n https://unchainedpodcast.com/why-ethereum-2-0-could-fail-and-how-it-could-be-fixed/\\xa0\\n\\nPrevious resources\\n\\nEIP 1559 links (Tim Beiko)\\n\\n\\nhttps://hackmd.io/@timbeiko/1559-resources\\xa0\\n\\nMessari Research\\n\\n\\n https://messari.io/pdf/messari-report-eth2-the-next-evolution-of-cryptoeconomy.pdf\\xa0\\n\\nStaked ETH address\\n\\n https://etherscan.io/address/0x00000000219ab540356cBB839Cbe05303d7705Fa#analytics\\n\\nDETH of Ethereum\\n\\n https://medium.com/ideo-colab/the-deth-of-ethereum-98553866e81b\\n\\n\\xa0\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'