If we don't make sure that Ethereum is used as store value,

and two, if we don't make sure that Ethereum,

the technology, right, the settlement layer,

is not this fundamental ledger we've lost.

Welcome to Bankless. We explore the frontier of internet money and internet finance.

Today on Bankless, we're exploring the topic of ETH, the asset.

How should it be positioned? How do we talk about ETH? How should we understand it?

These conversations, of course, about ETHR are not new, but the one you are going to hear today from Sam Kazanian pitches a specific and different path for the conversation around

Heath than what the Ethereum community has been discussing for the past few years.

Sam thinks that any and all things related to valuing ETH as a DCF, a discounted cash flow

model is bad, and we should stop doing it immediately.

He thinks that we ought to talk about ETH exclusively as a store of value commodity money

representing a huge cultural solution to the malaise of ETH's valuation.

And any further effort spent on DCFing ETH will only continue to sink the price versus the

rest of the market.

I find Sam's points that are pretty interesting.

I'm going to think about them more and more over the coming weeks and months.

And I think this is a conversation that the Ethereum community ought to have as well.

So let's go ahead and get right into this conversation with Sam Kazmian from FRAX.

But first, a message from some of these fantastic sponsors that make this show possible.

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