The risks to Ethereum are poorly understood and likely mis-priced. In this note we cover what digital market participants misunderstand about the Ethereum protocol and its risks.
This short series sets out to explain Bitcoin. In some cases, we will go into detail to explain some of the genius incorporated into the protocol that is little understood.
In this note we turn to the economic arguments for holding Bitcoin. Why is it valuable relative to other assets, and how does the macroeconomic environment over the medium-term play into the value proposition?