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:

0:00 - intro
1:25 - why Raoul views ether as similar to bitcoin at a macro level
5:06 - why Lyn decided ETH was not currently investable
6:55 - an analysis of utility protocols (John Pfeffer’s paper)
9:31 - counterarguments to John Pfeffer’s paper
11:22 - how to allocate between BTC and ETH
11:47 - why Raoul also invested in other coins beyond BTC and ETH
13:35 - whether Metcalfe's law applies equally to all kinds of networks
15:09 - why Lyn views Ethereum’s use case as circular, and why that makes it less investable
21:20 - whether Ethereum 2.0 and Ethereum Improvement Proposal 1559, and whether that could make ETH more investable
23:36 - the impact of fees on the value of Ethereum
25:22 - Raoul's views on what S-Curves and the Lindy Effect indicate about the development of a currency
27:06 - how high fees make DApps less attractive, while low fees potentially decrease demand for ETH
33:10 - 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
36:32 - how the regulators are behind innovation in cryptocurrencies, particularly around taxation
41:45 - Raoul's and Lyn's predictions for the ETH price by end of 2021
45:32 - what GameStop says about the democratization of financial information
49:03 - whether smart contracts could play in preventing situations similar to what happened with GameStop and/or Robinhood
54:03 - how blockchain technology could be used to prevent a situation in which the hedge funds could short more shares than existed
54:53 - how the GameStop/Robinhood saga is a giant advertisement for self-custody
56:53 - whether r/WallStreetBets' behavior was market manipulation or not

Thank you to our sponsor!
Crypto.com: http://crypto.com

Episode links:
Lyn Alden: https://twitter.com/LynAldenContact
Lyn Alden Investment: https://www.lynalden.com/

Raoul Pal: https://twitter.com/RaoulGMI
Real Vision: https://www.realvision.com/contributor/raoul-pal
Global Macro Investor: https://www.globalmacroinvestor.com

Raoul's tweet storm on Ethereum: https://twitter.com/RaoulGMI/status/1347013567799848961?s=20
Lyn Alden’s research paper on Ethereum: https://www.lynalden.com/ethereum-analysis/
Raoul Pal’s tweet: ETH equals BTC: https://twitter.com/raoulgmi/status/1347013567799848961?lang=en
John Pfeffer’s paper: https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor's+Take+on+Cryptoassets+v6.pdf
Network effects and Metcalfe’s Law: https://saylordotorg.github.io/text_developing-new-products-and-services/s04-12-there-is-power-in-numbers-netw.html
Quantity Theory of Money: https://saylordotorg.github.io/text_economics-theory-through-applications/s30-01-the-quantity-theory-of-money.html
How Will the Government React to GameStop?: https://www.coindesk.com/gamestop-regulators-response
GameStop and Crypto trading: https://cryptonews.com/exclusives/are-gamestop-style-surges-in-crypto-any-different-from-old-p-9151.htm
Robinhood Raises Extra funds: https://www.theblockcrypto.com/linked/93258/report-robinhood-billions-raised-investors-1
Possible role of blockchain in trading: https://cointelegraph.com/news/cardano-foundation-ceo-says-blockchain-could-prevent-gme-type-showdowns
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

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