Why you should buy ETH even if you do not completely understand crypto

  1. A country becomes rich if it is has enough people and they can transact with each other without fear or favor.
  2. Bitcoin will never truly become the settlement layer because there are no meaningful applications built on top of it.
  3. Ethereum will become the settlement layer because of the applications built on top of it. Replacing Ethereum will become incredibly hard because of this.
  4. CBDCs pose a unique challenge
  5. A new cold war which will likely be much shorter than the last one between CBDCs and Defi will see Defi eventually win out
  6. Because Ethereum will be the backbone of all Defi, buying and holding it will be a no brainer
  7. ETH is hard money

Part 1: The Wealth of Nations

People + fair rules that are enforced uniformly = wealthy country

Part 2: Bitcoin is not Gold

Part 3: The Settlement Layer

Part 4: The very real Danger from CBDCs

  1. Permissionless, which means anyone can create a wallet instantaneously and start transacting with anyone they want without restriction
  2. Composable and programmable, all data is open by default, unrestricted and uniform interfaces allow new tools that can be built on top which can interact with each other

Part 5: How DEFI will take over the world

Part 6: Eth is hard money




Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Financing SDGs under a new normal:  Challenges and response to COVID-19 pandemic

The Asian Financial Crisis of 1997: Explained Computationally — IS-LM-IP

Economic impact to CA — by creating the World’s first (recognized) Native Nation

The Promise of Data Science in Africa: Using data to advance credit

Why India and Uganda are poised to become the fastest growing economies in the world

Why We Should Get Rid of Paper Money

How Covid-19 is impacting the flow of people, information, goods, and money

New Study Finds Correlation Between Growing Up In Poverty And Growing Old In Poverty

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Moresh Kokane

Moresh Kokane

More from Medium

Full Testimonial Review of Anthony Pompliano’s Online Crypto Academy.

Vita. Swap Options for a Healthier Lifestyle