What's a Fair Value for Crypto Networks Like BTC, ETH and SOL?

Valuing decentralized networks such as Bitcoin, Ethereum, and Solana is tricky. In this episode, Jon Charbonneau breaks down the key factors that determine the value of blockchain networks and how Layer 2s impact these valuations. 🔥 EPISODE LINK 🔥 CHECK OUT THE EPISODE LINKS AND DETAILS HERE 👉 unchainedcrypto.com/podcast/wh... 👈 How do you determine the value of decentralized networks like Bitcoin, Ethereum, or Solana? It’s not as straightforward as traditional investments. Jon Charbonneau, general partner at crypto investment firm DBA, joins Unchained after writing a paper that dives deep into the complexities of valuing blockchain networks. He explains why applying traditional equity models to networks such as Bitcoin falls short, how tax inefficiencies in staking rewards impact valuations, and whether Layer 2 solutions like Optimism and Arbitrum are helping or hurting the long-term value of Layer 1 blockchains. Also, he looks at the big question—are these networks sustainable in the long run? Show highlights: 🔹 What motivated Jon to write the paper 🔹 What the main points of the paper are 🔹 Why tax inefficiencies in staking rewards are a critical factor in valuing decentralized networks and how they differ from traditional corporate taxes 🔹 What makes valuing networks tricky, as Jon explains how proof-of-work vs. proof-of-stake systems differ from traditional equity models 🔹 How he thinks about valuing Layer 2s and whether they are parasitic to the L1 🔹 Whether blockchains are sustainable in the long term Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! ➡️ Polkadot polkadot.network/ecosystem/com... ➡️ Mantle’s FBTC http:/fbtc.com Guest ⭐️Jon Charbonneau, co-founder and General Partner at DBA Timestamps: 00:00 Intro 01:25 What sparked Jon's interest in this topic? 03:35 Key takeaways from the paper 08:30 How staking taxes could change the game 13:46 Why traditional models fail for blockchain 20:10 Are Layer 2s helping or hurting Layer 1s? 26:51 Can blockchains survive long term? 29:20 News Recap _______________________________________________________ #bitcoin #ethereum #crypto #cryptocurrencies ++++++++++++++++++++++++++++++++++++++++++++++++ Subscribe to our channel! CHECK OUT THE CRYPTOPIANS → www.youtube.com/watch?v=DFzunC... WEBSITE → unchainedcrypto.com UNCHAINED DAILY NEWSLETTER → unchainedcrypto.substack.com LAURA'S TWITTER → twitter.com/laurashin UNCHAINED TWITTER → twitter.com/unchained_pod FACEBOOK → www.facebook.com/unchainedwith... INSTAGRAM → www.instagram.com/laurashin/?h... LINKEDIN → www.linkedin.com/in/laurashin MERCHANDISE → unchainedpodcast.company.site ++++++++++++++++++++++++++++++++++++++++++++++++ NEW EPISODES OF UNCHAINED EVERY TUESDAY AND FRIDAY! ALONG WITH BITS & BIPS AND THE CHOPPING BLOCK Apple → podcasts.apple.com/us/podcast/... Spotify → open.spotify.com/show/1cJrrfGY... RSS Feed → feeds.megaphone.fm/LSHML476194... YOUR NO-HYPE RESOURCE FOR ALL THINGS CRYPTO!