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b"Lyn Alden, CEO and founder of Lyn Alden Investment Strategies, and Raoul Pal, CEO & cofounder\\xa0 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:\\n why Raoul views ether as similar to bitcoin at a macro level (1:25)\\n why Lyn decided ETH was not currently investable (5:06)\\n an analysis of utility protocols (John Pfeffer\\u2019s paper) (6:55)\\n counterarguments to John Pfeffer\\u2019s paper (9:31)\\n how to allocate between BTC and ETH (11:22)\\n why Raoul also invested in other coins beyond BTC and ETH (11:47)\\xa0\\n whether Metcalfe's law applies equally to all kinds of networks (13:35)\\n why Lyn views Ethereum\\u2019s use case as circular, and why that makes it less investable (15:09)\\n whether Ethereum 2.0 and Ethereum Improvement Proposal 1559, and whether that could make ETH more investable (21:20)\\n the impact of fees on the value of Ethereum (23:36)\\n Raoul's views on what S-Curves and the Lindy Effect indicate about the development of a currency (25:22)\\n how high fees make DApps less attractive, while low fees potentially decrease demand for ETH (27:06)\\n 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)\\n how the regulators are behind innovation in cryptocurrencies, particularly around taxation (36:32)\\n Raoul's and Lyn's predictions for the ETH price by end of 2021 (41:45)\\n what GameStop says about the democratization of financial information (45:32)\\n whether smart contracts could play in preventing situations similar to what happened with GameStop and/or Robinhood (49:03)\\n how blockchain technology could be used to prevent a situation in which the hedge funds could short more shares than existed (54:03)\\n how the GameStop/Robinhood saga is a giant advertisement for self-custody (54:53)\\n whether r/WallStreetBets' behavior was market manipulation or not (56:53)\\n \\xa0\\n Thank you to our sponsor!\\xa0\\n Crypto.com: http://crypto.com\\n \\xa0\\n Episode links:\\xa0\\n Lyn Alden: https://twitter.com/LynAldenContact\\n Lyn Alden Investment: https://www.lynalden.com/\\n \\xa0\\n Raoul Pal: https://twitter.com/RaoulGMI\\n Real Vision: https://www.realvision.com/contributor/raoul-pal\\n Global Macro Investor: https://www.globalmacroinvestor.com\\n \\xa0\\n Raoul's tweet storm on Ethereum: https://twitter.com/RaoulGMI/status/1347013567799848961?s=20\\n Lyn Alden\\u2019s research paper on Ethereum: https://www.lynalden.com/ethereum-analysis/\\n Raoul Pal\\u2019s tweet: ETH equals BTC: https://twitter.com/raoulgmi/status/1347013567799848961?lang=en\\n John Pfeffer\\u2019s paper: https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor's+Take+on+Cryptoassets+v6.pdf\\n Network effects and Metcalfe\\u2019s Law: https://saylordotorg.github.io/text_developing-new-products-and-services/s04-12-there-is-power-in-numbers-netw.html\\n Quantity Theory of Money: https://saylordotorg.github.io/text_economics-theory-through-applications/s30-01-the-quantity-theory-of-money.html\\n How Will the Government React to GameStop?: https://www.coindesk.com/gamestop-regulators-response\\n GameStop and Crypto trading: https://cryptonews.com/exclusives/are-gamestop-style-surges-in-crypto-any-different-from-old-p-9151.htm\\n Robinhood Raises Extra funds: https://www.theblockcrypto.com/linked/93258/report-robinhood-billions-raised-investors-1\\n Possible role of blockchain in trading: https://cointelegraph.com/news/cardano-foundation-ceo-says-blockchain-could-prevent-gme-type-showdowns\\n Caitlin Long: https://www.forbes.com/sites/caitlinlong/2019/05/16/naked-shorting-in-the-uber-ipo-it-couldnt-happen-on-a-blockchain/?sh=f2a0dcd4737d\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"