I just think it's hard to become money. We only know two digital assets that I've ever done at

Bitcoin, Eath, and I suspect that part of that is because of the fact that Eath and Bitcoin are constrained

at the base layer. As a result, it forces this asymmetry of demand or incongruity of demand with respect to supply and it forces it to be deflationary

So I don't know if it's possible for that to ever happen again. It seems like more is like a freak accident of history where if you try to

deploy a constrained base layer today people would be like why would I use that

over Celestia, Salana, all the other guys but that basically means that only

Ethan Bitcoin will ever be money. Welcome to Bankless, where we explore the frontier of internet money and internet finance.

This is Ryan Sean Adams.

I'm here with David Hoffman, and we're here to help you become more bankless.

Celestialia just launched and is already worth over $20 billion at the time of

recording. That's the 11th most valuable crypto asset. We also have EigenDA

that's coming out soon and today we're taking an in-depth look an exploration of data availability. It's also known as

DA, also known as data publishing. If all of that sounds like a lot, don't worry.

We spend the first 10 minutes of the episode actually explaining it and why it is so important to understanding block space and your broader crypto journey

So the topics today. Number one, data availability. What is it? Why does cheap DA unlock for

Web 3? Number three, is it even a good business model? How valuable is it to be a

DA provider? Number four, we get right into the heart. Tia is worth 20 billion dollars.

Why? And finally, the broader question, is DA actually a race to the bottom? Is this a race for a a commodity what does the future have in store

for the entire market there has been this growing hype and excitement inside of the

Selessie ecosystem now being packaged up in the Tia is modular money a meme.

This is partly an exploration into that subject matter.

Maybe a prep for a conversation I'm going to have

...