This week Michael and Myles dive deep on all things Ethereum Enshrinement. The two kick things off with Credible Neutrality, reviewing centralization risks vs overloads governance. The guys then go on to discuss user experience as the guiding uniting principle and look at the gradation of protocol proximity; what should and should not be enshrined and why. We then challenge and defend the varying beliefs around Ethereum as ‘money’, before going on to hit on protocol engagement vs abstraction, issuance as a network cost, the Stride/Cosmos Hub merger update, and more. Enjoy!

- -

Timestamps:

(00:00) Introduction

(01:00) Enshrinement: Opening Thoughts

(02:5) Credible Neutrality: Private Market Analogy 

(07:25) Enshrinement’s Uniting Principle: Good User Experience

(08:17) Protocol Proximity

(21:33) Ethereum: Money?

(28:24) Engagement vs Abstraction

(40:51) Issuance: Network Cost?

(45:14) Money vs Commodity 

(58:04) Stride/Cosmos Hub Merger Update

(1:16:17) Community Alignment 

- -

Follow Mike: https://twitter.com/MikeIppolito_

Follow Myles: https://twitter.com/MylesOneil

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

--

Research, news, data, governance and models – now, all in one place. As a listener of Bell Curve, you can use code "BELLCURVE10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/

- -

Resources:

Vitalik Buterin: Should Ethereum be okay with enshrining more things in the protocol?

https://vitalik.eth.limo/general/2023/09/30/enshrinement.html

Stride: The Enshrined LST Protocol for Cosmos Hub?

https://blockworks.co/news/stride-merge-cosmos-hub-network

- -

Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.