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Ethereum is the Excel of Blockchains
Bitcoin is a database that does only 1 thing: track ownership of coins. Ethereum adds the computational capabilities that makes Excel more than a database:
- Turing Completeness. It means that it can solve any computational problem. With the introduction of formulas, Excel became Turing complete. With Ethereum's smart contracts you can solve any reasonable problem.
- Composability. In Excel, “You can chain functions, passing the output of one function as the input to another, allowing for an enormous number of potential computational pipelines.” This is very similar to the idea of “Legos.”
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Ethereum is more of a platform than the Internet giants
Apple's AppStore fees can be seen as rent-seeking and the same can be said about all incumbent-run platforms.
Ethereum is a true platform: projects that build on top of it are actually financially incentivised to support the value of the underlying tech in order to secure their pro...
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Tripple point money
Robert Greer says that there are three asset superclasses:
- Capital Assets are productive & generate value or cash-flow: equities, bonds, or rentable real estate.
- Transformable/Consumable Assets: can be consumed one time, transformed into anot...
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A world computer & a settlement layer
Ethereum is a “world computer”: It lets people build apps & products with money baked into the code. If you believe that web3 is going to continue to grow, then you likely believe that over time,
Ethereum will become the “settlement layer” of the in...
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Why is Eth valuable?
How does more activity on top of Ethereum translate into a higher price for ETH?
Today, when you want to transact on Ethereum, you need to use ETH. There are currently around 116 million ETH. More transactions on Ethereum means more demand for ETH which mea...
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A platform is when the economic value of everybody that uses it, exceeds the value of the company that creates it. Then it’s a platform.
BILL GATES
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CURATED FROM
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Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.
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Ethereum Virtual Machine (EVM)
Ether is made of a blockchain (an immutable database) and a world decentralised computer (EVM), a virtual machine in which all the smart contracts function in Ethereum.
The EVM is a simple yet powerful Turing Complete 256-bit virtual machine. Turing Complete means that given the re...
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