Bankless Nation, it is the third week of August. Time for the Bankless Weekly roll up. David, we got to get to this question first. Uh, this is a meme I saw on Twitter that I think encapsulate what what everyone is feeling right now. What if 124,000 Bitcoin was the cycle top and there won't be an alt season. And this is a picture of a baldw Jack just lying in bed thinking about this question in his McDonald's >> wearing a McDonald's t-shirt. Yeah, his McDonald's polo. I mean, I I I think it's a good questio ...

So what are your hopes and dreams and goals for Ethereum to accomplish over the next 10 years. If the job's not done, what do you want done in the next 10 years for Ethereum. The technical road map like basically being at you could call it finish line, you could call it maintenance mode.This includes one ZK snarking everything. Two, replacing any component that's not optimized with a component that is optimized. replacing Kadjac with Poseidon or something better. Replacing EVM with Risk 5 or something bette ...

Where do you see Ether price going. Say the end of this year or maybe even the end of this cycle. If you still think in terms of of cycles, if you think this will play out in the next 12 to 18 months, let's say, where do you think we go.Well, I think the near-term price people should think about is Ethereum getting to 4,000 because Ethereum is a better story than it was in December, and it was 4,000 in December. We should at least recover to that level. And then Ethereum is a better story today than it was ...

Pop quiz. Ryan, how much uh as a percentage, how much more Bitcoin has been issued versus ETH since the merge. I bet it would be like probably 5% to I don't know 4% in total since the merge.Bitcoin is 10x Ethereum's issuance. So since the merge, ETH has issued.13%, Bitcoin has issued 1.3%. So Bitcoin issuance is 10 times higher than ETH issuance.1.3% annual though. Annual. Annual.See, I was doing the cumulative. So that by the number of years, right. Same same.Yeah. ...

when ETH pumps because Tomley is buying it, it's not a blip. It's actually like Bitcoin dominance is materially falling and it's not just a blip. It is an actual event on the chart.During my my dark days of ETH when ETH was like down in the hole at like 1,700, like I was trying to emphasize like why is Bitcoin where Bitcoin is at like $100,000 and ETH is where it is at $17,000. And like my answer was like, oh, because Bitcoin as an investment has attracted the likes of Michael Sailor because of the 21 milli ...

Bank station, it is the second week of August. It's time for the Bankless Weekly roll up. We got ETH just teasing us on that all-time high, David.It's not quite hit it yet. >> Just ripping through numbers, but not breaking alltime high. Well, because ETH was like $2,000 less two weeks ago.It's $1,000 a week for two weeks, >> but we're so close. Just using it. Also, Bitcoin did hit an all-time high stealing some of the glory.Uh, and then Tom Lee is the first to 1 million in ETH in his ETH treasury vehicle. O ...

ETH is literally the legally compliant blockchain and I think it's a big stumbling block for people. Wall Street likes to build spreadsheets and so every call starts with Tom can you give me the model on how gas fees are going to change with stable coins. So give me your assumption on how much stable coin volume is how much goes to ETH how much will be layer 2 and how much gets paid.When you give someone a spreadsheet, then you get analysis paralysis cuz then suddenly you you don't see the bigger picture th ...

How in the world do you get to 5% and are you serious about that number. Well, Micro Strategy is 3.2% of the network's circulating supply right now. Micro Strategy wants to get to at least a million Bitcoin.Micro Strategies achieved the 3% in 5 years. So, they were buying basically 16 cents worth of Bitcoin a day every day for the last 5 years. Bit mine, if you look at it from inception to now, has added about 80 cents to a dollar per day in Ethereum.So it's about 12 times faster than Micro Strategy. So we ...

Could things have been done uh better in terms of the uh early relationship with Bitcoin. Like I think it's uh kind of always uh a bit sad that Ethereum was not able to kind of capture more Bitcoin momentum. If for example Ethereum had been a fork of Bitcoin and then basically hey we are switching to proof of stake we're going to start with some crappier proof of stake on day one.Potentially, Ethereum could have just been the Bitcoin big blogger. ...

the social aspect of uh coordinating around ETH just being an asset that companies can have as part of their treasury is good and uh valuable and uh having different vehicles for people to have uh access to ETH which is I think one of the reasons why people are buying into treasury companies instead of just huddling ETH directly is uh also good. Giving people more options is good. There's always people in all kinds of different financial circumstances.If you woke me up 3 years from now and told me that trea ...