This podcast episode, a cross-post from Empire, features a discussion on the bull case for Ethereum with guests Tom Dunleavy and Ryan Berckmans. The conversation begins by addressing past criticisms of Ethereum, particularly regarding its roll-up-centric roadmap and its impact on the price of ETH. Ryan argues that the L2-centric approach was timely but lacked supporting activities like interop and business development, while Tom points out that the focus on L2s has diverted capital away from ETH. They discuss Ethereum's pivot to scaling the L1 layer, the importance of business development, and the potential impact on L2s. The conversation touches on the challenges of fairly taxing L2s, the need for greater coordination within the Ethereum community, and the potential for Ethereum to become a multi-trillion dollar asset by capturing a significant share of the on-chain economy.
