Betting the Fund on the Merge | Hal Press, North Rock Digital
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 11 May 2022
⏱️ 99 minutes
🧾️ Download transcript
Summary
How much alpha is there in the All Core Devs calls? How should YOU play the merge?
Hal Press of North Rock Digital joins us as we discuss how to value tokens, and how to trade the biggest moment in crypto history.
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Topics Covered:
0:00 Intro
7:00 What Sets ETH Apart
18:09 Revenue and Cost
24:50 DeFi Utility
31:00 Blockchain Expenses
35:45 Inflating and Revenue
39:48 Supply and Demand
45:56 ETH vs Alt Layer 1s
56:06 Will the Price Lag?
1:03:36 Who Leads the Market?
1:05:35 Modeling Ethereum
1:11:45 ETH Staking Numbers
1:20:00 Wen Merge?
1:30:18 Trading the Merge
1:35:50 Closing
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Resources:
Hal Press:
https://twitter.com/NorthRockLP?s=20&t=ZONa4ZJl5kcxbE43zFZKBg
Crypto Fees:
https://cryptofees.info/
Nillion:
https://www.nillion.com/
The Ethereum Thesis:
https://twitter.com/NorthRockLP/status/1484926691990556675?s=20&t=ZONa4ZJl5kcxbE43zFZKBg
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hey, Bankless Nation, wow, what a week it has been. |
| 0:10.0 | I'm actually really refreshed to get into this show, David, because we're not talking |
| 0:13.6 | about Tara. |
| 0:14.6 | We're not talking about USC today. |
| 0:15.6 | We're not talking Elgo Stable Coins. |
| 0:17.8 | We're talking about one of our favorite subjects, which is ETH, Ethereum, The Merge. |
| 0:23.2 | I ran across a guy, his name is Hal Press, who started a fund, and he's betting his |
| 0:28.3 | entire fund on the ETH Merge. |
| 0:31.4 | This man is bullish on Ethereum, okay? |
| 0:33.9 | I'm sure that's not. |
| 0:35.5 | Yeah, I think we do. |
| 0:36.5 | I wanted to bring him on, David, so that we could hear a little bit of his thesis, because |
| 0:42.7 | it has some similarities with ours. |
| 0:44.7 | But he extrapolates a few different dimensions, like supply and demand, and I mean, he's betting |
| 0:50.8 | his entire hedge fund on it. |
| 0:52.6 | So it's a pretty big deal. |
| 0:53.8 | So I want to talk all about that. |
| 0:57.4 | I'm excited to just get into this, David. |
| 0:59.3 | Do you have any thoughts as we dive in and talk to Hal? |
| 1:02.0 | Yeah, it's just always refreshing to hear the merge. |
| 1:05.6 | The alpha of the merge makes its way out of the Ethereum community and into the world |
| 1:10.3 | around it, right? |
... |
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