In his talk at the Bankless Summit, Mike Neuder presents the case for ETH as permissionless money. He highlights how property rights for ETH are upheld across both Layer 1 and Layer 2 networks, stressing the critical role of Ethereum's data availability in ensuring secure transactions. Neuder also delves into ETH's monetary characteristics, pointing out its low and sustainable inflation rate, the impactful ETH burn mechanism that persists even with Layer 2 migration, and its dual function as a medium of exchange and a unit of account within the wider crypto landscape. He contrasts ETH favorably with other assets, such as stablecoins and Solana, showcasing its unique advantages.
