Published on: December 28th, 2020 • Duration: 33 minutes
David Hoffman, chief of operations at RealT, joins Alex Saunders, founder & CEO of Nuggets News, to discuss Eth’s unique properties for value accrual, proof of stake, and the proposal to burn transaction fees on Ethereum. Hoffman explains Ethereum’s changing narratives and the impacts this has on people's perception of the asset. He describes the impact of switching to proof of stake and the benefits this has over proof of work as well as how the more valuable a crypto asset is, the more secure the network can be. He states that it is important that value accrual is baked into the economic model of crypto systems. Filmed on July 23, 2020. Key Learnings: Eth was designed to accrue value. There is a proposal to burn transaction fees, and this would remove Eth from the circulating supply and could drive the value up. The transition to proof of stake will turn Eth into a yield bearing asset.