Now, my personal take is that the only way to win the money game is to also win the utility game.

And the only way to win the utility game is to also win the money game.

Like, these two things are fundamentally intertwined.

Welcome to Bankless, where we explore the frontier of internet money and internet finance. This is how to get started, how to get better, and how to front run the opportunity.

At DevCon, Justin Drake presented what he called his most ambitious proposal to date.

What emerged from that proposal was the

beam chain, which fell flat in public discourse. People wanted Ethereum 3.0. People got not that.

We bring Justin Drake on the podcast to discuss this reaction, fill in some gaps, but more importantly,

discuss the rise of credible competition to the three

major components of the Ethereum roadmap. Justin Drake, after his beam chain proposal talk at

DevCon, gave a talk at the Bankless Summit that categorized all of Ethereum's future roadmap

upgrades, of which the beam chain was only one part of, into three different categories, execution,

data availability,

and consensus. Each one of these categories directly correlates with a large ecosystem player in the crypto space. Execution competes with Solana. Data availability competes with Celestia and

consensus competes with Bitcoin. So we present Justin with the idea of Ethereum fighting a

three-front war against two competitors

with centralized teams who can ship fast and break things and the highly ossified Bitcoin

and its network effects.

What is Ethereum strategy for winning this three front war against three legitimate competitors?

What's its trick?

What does it have that others don't? This is what we get into today on the

pod. Let's get right to the episode with Justin. But before we do, we want to thank the sponsors that

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